Avis Budget Group Inc (CAR)
Operating profit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,091,000 | 1,759,000 | 2,667,000 | 3,509,000 | 3,791,000 | 3,961,000 | 3,745,000 | 3,629,000 | 3,913,000 | 3,931,000 | 3,512,000 | 2,926,000 | 2,131,000 | 1,480,000 | 627,000 | -467,000 | -595,000 | -484,000 | -211,000 | 424,000 |
| Revenue (ttm) | US$ in thousands | 11,742,000 | 11,843,000 | 11,927,000 | 12,002,000 | 12,258,000 | 12,265,000 | 12,248,000 | 12,369,000 | 11,994,000 | 11,792,000 | 11,246,000 | 10,373,000 | 9,313,000 | 8,099,000 | 6,632,000 | 5,023,000 | 5,415,000 | 6,222,000 | 7,441,000 | 9,040,000 |
| Operating profit margin | 9.29% | 14.85% | 22.36% | 29.24% | 30.93% | 32.30% | 30.58% | 29.34% | 32.62% | 33.34% | 31.23% | 28.21% | 22.88% | 18.27% | 9.45% | -9.30% | -10.99% | -7.78% | -2.84% | 4.69% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,091,000K ÷ $11,742,000K
= 9.29%
The operating profit margin of Avis Budget Group Inc has exhibited significant fluctuations over the reported periods. It started at 4.69% on March 31, 2020, before declining to negative figures in the subsequent quarters. The company faced challenges in profitability with operating profit margins of -2.84%, -7.78%, and -10.99% in June, September, and December 2020, respectively.
However, there was a notable turnaround in the performance, starting from March 2021 when the operating profit margin improved to -9.30%. Subsequently, the company made impressive progress with operating profit margins of 9.45%, 18.27%, and 22.88% in June, September, and December 2021, respectively.
The positive trend continued into the following years, with significant increases in operating profit margin reported across the quarters. The margin peaked at 33.34% on September 30, 2022, before stabilizing around the high 20s to low 30s percentage range. There was a slight decline in the operating profit margin in the latter part of 2024, settling at 9.29% by December 31.
Overall, the analysis of operating profit margin indicates a challenging period in 2020, followed by a commendable recovery and sustained improvement in profitability in the subsequent years, although there were fluctuations towards the end of the reporting period.
Peer comparison
Dec 31, 2024