CNH Industrial N.V. (CNH)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,457,000 | 2,703,000 | 2,682,000 | 1,939,000 | -505,000 |
| Revenue | US$ in thousands | 19,836,000 | 24,687,000 | 23,552,000 | 19,494,000 | 26,039,000 |
| Pretax margin | 7.35% | 10.95% | 11.39% | 9.95% | -1.94% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,457,000K ÷ $19,836,000K
= 7.35%
The pretax margin of CNH Industrial N.V. has shown variability over the years as follows:
1. As of December 31, 2020, the pretax margin was -1.94%, indicating that the company incurred a loss before considering taxes.
2. The pretax margin improved significantly to 9.95% by December 31, 2021, signifying a return to profitability and an enhancement in operational efficiency.
3. By December 31, 2022, the pretax margin further increased to 11.39%, indicating sustained profitability and a higher level of operational effectiveness.
4. As of December 31, 2023, the pretax margin slightly decreased to 10.95% but remained at a relatively healthy level, suggesting continued positive financial performance.
5. However, the pretax margin declined to 7.35% by December 31, 2024, indicating a decrease in profitability, which may warrant further examination into the company's cost structure and revenue generation.
Overall, the trend in pretax margin demonstrates fluctuations in CNH Industrial N.V.'s financial performance over the years, highlighting both improvements and potential challenges that require ongoing monitoring and strategic management to enhance profitability and operational efficiency.
Peer comparison
Dec 31, 2024