GLOBALFOUNDRIES (GLOBALFOUNDRIES) Pretax Margin % : 10.01% (As of Mar. 2024)

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What is GLOBALFOUNDRIES Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. GLOBALFOUNDRIES's Pre-Tax Income for the three months ended in Mar. 2024 was $155 Mil. GLOBALFOUNDRIES's Revenue for the three months ended in Mar. 2024 was $1,549 Mil. Therefore, GLOBALFOUNDRIES's pretax margin for the quarter that ended in Mar. 2024 was 10.01%.

The historical rank and industry rank for GLOBALFOUNDRIES's Pretax Margin % or its related term are showing as below:

GFS' s Pretax Margin % Range Over the Past 10 Years
Min: -42.12 Med: -11.2 Max: 18.89
Current: 13.55

GFS's Pretax Margin % is ranked better than
70.66% of 985 companies
in the Semiconductors industry
Industry Median: 4.87 vs GFS: 13.55

GLOBALFOUNDRIES Pretax Margin % Historical Data

The historical data trend for GLOBALFOUNDRIES'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.

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GLOBALFOUNDRIES Pretax Margin % Chart

GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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-19.73

-28.14

-2.67

18.89

14.66

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial													15.05	14.36	13.12	16.13	10.01

Competitive Comparison of GLOBALFOUNDRIES's Pretax Margin %

For the Semiconductors subindustry, GLOBALFOUNDRIES'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.

GLOBALFOUNDRIES's Pretax Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GLOBALFOUNDRIES's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where GLOBALFOUNDRIES's Pretax Margin % falls into.

GLOBALFOUNDRIES 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.

GLOBALFOUNDRIES's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1084	/	7392
	=	14.66 %

GLOBALFOUNDRIES's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	155	/	1549
	=	10.01 %

GLOBALFOUNDRIES (NAS:GFS) Pretax Margin % Explanation

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.

GLOBALFOUNDRIES Pretax Margin % Related Terms

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GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GLOBALFOUNDRIES Inc (NAS:GFS) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

GFS:Mexico 76J:Germany

Address

400 Stonebreak Road Extension, Malta, NY, USA, 12020

Website

https://www.gf.com

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 14,000 people.