Ford Motor Company (F)
Pretax margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,985,000 | 7,051,000 | 4,616,000 | 3,247,000 | -2,845,000 | 7,186,000 | 10,103,000 | 10,026,000 | 17,807,000 | 1,751,000 | 2,607,000 | 2,947,000 | -2,141,000 | -512,000 | -3,280,000 | -4,160,000 | -1,441,000 | 1,837,000 | 2,946,000 | 4,089,000 |
| Revenue (ttm) | US$ in thousands | 176,452,000 | 173,326,000 | 169,237,000 | 164,758,000 | 158,057,000 | 151,736,000 | 148,027,000 | 134,589,000 | 136,341,000 | 134,615,000 | 136,433,000 | 129,052,000 | 127,144,000 | 130,907,000 | 130,396,000 | 149,878,000 | 155,900,000 | 157,978,000 | 158,654,000 | 158,721,000 |
| Pretax margin | 2.26% | 4.07% | 2.73% | 1.97% | -1.80% | 4.74% | 6.83% | 7.45% | 13.06% | 1.30% | 1.91% | 2.28% | -1.68% | -0.39% | -2.52% | -2.78% | -0.92% | 1.16% | 1.86% | 2.58% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,985,000K ÷ $176,452,000K
= 2.26%
The pretax margin of Ford Motor Co. has fluctuated over the past eight quarters, with a declining trend observed in recent quarters. In Q4 2023, the pretax margin decreased to 2.25% from 4.02% in Q3 2023. This represents a significant decrease in profitability. Comparing with the same quarter last year, there has been a substantial improvement from a negative pretax margin of -1.91% in Q4 2022. In the context of the previous quarters, this quarter's pretax margin is relatively low. It is important for Ford Motor Co. to closely monitor its cost structure and efficiency to improve profitability in the upcoming quarters.
Peer comparison
Dec 31, 2023