Ford Motor Company (F)
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 | 3,985,000 | -2,845,000 | 17,807,000 | -1,119,000 | -677,000 |
| Revenue | US$ in thousands | 176,191,000 | 158,057,000 | 136,341,000 | 127,144,000 | 155,900,000 |
| Pretax margin | 2.26% | -1.80% | 13.06% | -0.88% | -0.43% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,985,000K ÷ $176,191,000K
= 2.26%
Ford Motor Co.'s pretax margin has fluctuated over the past five years, indicating variability in the company's profitability before taxes. In 2023, the pretax margin improved to 2.25%, showing a positive trend compared to the negative pretax margins in 2022 (-1.91%) and 2020 (-0.88%). However, it is still lower than the pretax margin reported in 2021 (13.04%). The company experienced a significant drop in pretax margin in 2019 (-0.41%), which may suggest challenges faced by Ford in that particular year. The trend in pretax margin reflects the company's ability to manage costs, generate revenue, and operate efficiently. Further analysis is needed to understand the factors contributing to these fluctuations in Ford's pretax margin.
Peer comparison
Dec 31, 2023