Xencor Inc (XNCR)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -234,923 | -195,749 | -173,721 | -128,384 | -120,438 | -119,443 | -126,845 | -138,866 | -54,509 | 31,009 | 22,489 | 108,712 | 82,631 | -4,121 | 23,520 | -63,746 | -69,333 | -82,842 | -80,866 | -61,832 |
| Revenue (ttm) | US$ in thousands | 110,493 | 85,164 | 133,618 | 162,181 | 168,338 | 145,259 | 113,394 | 98,046 | 164,579 | 296,985 | 289,369 | 326,641 | 275,111 | 162,949 | 178,632 | 124,274 | 122,694 | 84,356 | 70,750 | 77,146 |
| Pretax margin | -212.61% | -229.85% | -130.01% | -79.16% | -71.55% | -82.23% | -111.86% | -141.63% | -33.12% | 10.44% | 7.77% | 33.28% | 30.04% | -2.53% | 13.17% | -51.29% | -56.51% | -98.21% | -114.30% | -80.15% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-234,923K ÷ $110,493K
= -212.61%
The pre-tax margin of Xencor Inc has shown significant fluctuations over the analyzed period. From March 31, 2020, to September 30, 2021, the company consistently reported negative pre-tax margins, indicating that its operating expenses and taxes exceeded its revenue during those periods. However, the trend started to improve from June 30, 2021, when the pre-tax margin turned positive at 13.17% and continued to increase to reach its peak at 33.28% on March 31, 2022.
Subsequently, the pre-tax margin declined in the following quarters but remained positive until June 30, 2022, when it stood at 7.77%. However, from September 30, 2022, to December 31, 2024, Xencor Inc experienced a notable downturn in its pre-tax margin, with values ranging from -33.12% to -212.61%. These negative pre-tax margins suggest that the company faced challenges in generating profits after accounting for operational expenses and taxes, possibly indicating financial difficulties or inefficiencies in its operations during this period.
Overall, the pre-tax margin analysis shows the volatile performance of Xencor Inc, characterized by both positive and negative margins, highlighting the fluctuating profitability levels and financial health of the company across different quarters.
Peer comparison
Dec 31, 2024