CNH Industrial N.V. (CNH)
Pretax margin
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 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,061,000 | 2,418,000 | 2,788,000 | 2,965,000 | 3,046,000 | 3,056,000 | 2,934,000 | 2,771,000 | 2,313,000 | 1,967,000 | 2,033,000 | 2,065,000 | 2,095,000 | 736,000 | 204,000 | -408,000 | -631,000 | 477,000 | 716,000 | 1,151,000 |
Revenue (ttm) | US$ in thousands | 21,752,000 | 23,084,000 | 24,163,000 | 24,687,000 | 24,838,000 | 24,733,000 | 24,248,000 | 23,551,000 | 36,020,000 | 34,885,000 | 33,977,000 | 33,428,000 | 22,665,000 | 24,411,000 | 24,815,000 | 26,180,000 | 25,226,000 | 25,094,000 | 27,083,000 | 28,079,000 |
Pretax margin | 9.47% | 10.47% | 11.54% | 12.01% | 12.26% | 12.36% | 12.10% | 11.77% | 6.42% | 5.64% | 5.98% | 6.18% | 9.24% | 3.02% | 0.82% | -1.56% | -2.50% | 1.90% | 2.64% | 4.10% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,061,000K ÷ $21,752,000K
= 9.47%
The pretax margin of CNH Industrial N.V. has shown fluctuations over the past several quarters. The trend indicates some variability in the company's ability to generate profits before taxes relative to its revenue during this period.
The pretax margin started at 4.10% in December 2019 and increased to a peak of 12.36% in June 2023. However, there was a significant decline in the pretax margin in the subsequent quarters, reaching -2.50% in December 2020, before recovering to 12.01% in December 2023.
The latest reported pretax margin of 9.47% as of September 2024 reflects a decrease from the previous quarter. This indicates that the company's profitability before taxes has slightly weakened, albeit still relatively strong compared to some earlier periods.
Overall, while the pretax margin has exhibited fluctuations over the analyzed period, it is important for CNH Industrial N.V. to maintain a sustainable level of profitability to support its operations and maintain investor confidence in the long term.
Peer comparison
Sep 30, 2024