CNH Industrial N.V. (CNH)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,965,000 | 2,771,000 | 2,065,000 | -408,000 | 1,151,000 |
| Revenue | US$ in thousands | 24,687,000 | 23,551,000 | 33,428,000 | 14,779,000 | 28,079,000 |
| Pretax margin | 12.01% | 11.77% | 6.18% | -2.76% | 4.10% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,965,000K ÷ $24,687,000K
= 12.01%
The pretax margin of CNH Industrial N.V. has shown a fluctuating trend over the past five years. The company experienced a substantial improvement in 2023 with a pretax margin of 12.01%, compared to 11.77% in 2022. This suggests that the company managed its expenses effectively in relation to its revenue.
In 2021, the pretax margin increased significantly to 6.18% from a negative figure of -2.76% in 2020. This improvement indicates better cost management or increased revenue generation compared to the previous year. The pretax margin in 2019 was 4.10%, reflecting a moderate profitability level during that period.
Overall, the company has demonstrated a positive trend in pretax margin over the past few years, with notable improvements in profitability performance, which could be attributed to various factors such as operational efficiency, revenue growth, and cost control measures.
Peer comparison
Dec 31, 2023