Avis Budget Group Inc (CAR)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,423,000 | 3,191,000 | 3,913,000 | 2,131,000 | -529,000 |
| Revenue | US$ in thousands | 11,789,000 | 12,008,000 | 11,994,000 | 9,313,000 | 5,402,000 |
| Operating profit margin | 37.52% | 26.57% | 32.62% | 22.88% | -9.79% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,423,000K ÷ $11,789,000K
= 37.52%
Avis Budget Group Inc's operating profit margin has displayed significant fluctuation over the past five years.
As of December 31, 2020, the operating profit margin was negative at -9.79%, indicating that the company was incurring operating losses. However, there was a notable turnaround in the following year with the operating profit margin improving to 22.88%, reflecting a positive shift in the company's operational efficiency and profitability.
Subsequently, Avis Budget Group Inc's operating profit margin continued to strengthen, reaching 32.62% by December 31, 2022, and peaking at 37.52% by December 31, 2024. These increasing margins signify improvements in the company's cost management, revenue generation, and overall financial performance.
Despite a slight dip in operating profit margin to 26.57% by December 31, 2023, the overall trend indicates a positive trajectory for Avis Budget Group Inc in terms of generating operating profits relative to its revenues over the specified period.
Peer comparison
Dec 31, 2024