The historical rank and industry rank for TCR2 Therapeutics's Pretax Margin % or its related term are showing as below:
TCRR's Pretax Margin % is not ranked *
in the Biotechnology industry.
Industry Median: -174.24 * Ranked among companies with meaningful Pretax Margin % only.
TCR2 Therapeutics Pretax Margin % Historical Data
The historical data trend for TCR2 Therapeutics's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of TCR2 Therapeutics's Pretax Margin %
For the Biotechnology subindustry, TCR2 Therapeutics's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TCR2 Therapeutics's Pretax Margin % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, TCR2 Therapeutics's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where TCR2 Therapeutics's Pretax Margin % falls into.
TCR2 Therapeutics Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
TCR2 Therapeutics's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
TCR2 Therapeutics Pretax Margin % Related Terms
Thank you for viewing the detailed overview of TCR2 Therapeutics's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
TCR2 Therapeutics (TCR2 Therapeutics) Business Description
TCR2 Therapeutics Inc is a clinical-stage cell therapy company. It is engaged in developing a pipeline of novel T cell therapies for cancer patients suffering from solid tumors by powering the T cell receptor (TCR) with its proprietary, first-in-class TCR Fusion Construct T cells (TRuC-T cells). The company's TRuC-T cells specifically recognize and kill cancer cells by harnessing the entire TCR signaling complex, independent of human leukocyte antigens, which are effective in patients with solid tumors.
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