Goodyear Tire & Rubber Co (GT)
Operating profit margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 921,000 | 888,000 | 549,000 | 122,000 | 50,000 | -162,000 | 187,000 | 689,000 | 881,000 | 1,154,000 | 1,177,000 | 1,128,000 | 1,077,000 | 1,009,000 | 831,000 | 65,000 | -208,000 | -273,000 | -143,000 | 571,000 |
| Revenue (ttm) | US$ in thousands | 18,878,000 | 19,047,000 | 19,365,000 | 19,662,000 | 20,066,000 | 20,324,000 | 20,493,000 | 20,838,000 | 20,805,000 | 20,485,000 | 20,108,000 | 18,875,000 | 17,478,000 | 16,080,000 | 14,611,000 | 12,776,000 | 12,321,000 | 12,378,000 | 12,715,000 | 14,203,000 |
| Operating profit margin | 4.88% | 4.66% | 2.84% | 0.62% | 0.25% | -0.80% | 0.91% | 3.31% | 4.23% | 5.63% | 5.85% | 5.98% | 6.16% | 6.27% | 5.69% | 0.51% | -1.69% | -2.21% | -1.12% | 4.02% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $921,000K ÷ $18,878,000K
= 4.88%
The operating profit margin of Goodyear Tire & Rubber Co has shown fluctuations over the reporting periods provided. It started with a positive margin of 4.02% in March 2020 but turned negative in the subsequent quarters, reaching a low of -2.21% in September 2020.
However, the company's operating profit margin began to improve from March 2021 onwards, steadily increasing to 6.27% by September 2021. This positive trend continued into 2022, with operating profit margins ranging between 5.63% and 6.16% throughout the year.
In 2023, the operating profit margin of Goodyear Tire & Rubber Co started to decline, reaching its lowest point at -0.80% in September. The margin slightly recovered in the following quarters but remained relatively low compared to previous years.
By the end of 2024, the operating profit margin showed signs of improvement, rising to 4.88%. Overall, the company has experienced fluctuations in its operating profit margin, with periods of both growth and decline, indicating varying levels of operational efficiency and profitability over the reporting period.