Goodyear Tire & Rubber Co (GT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 155,000 | -245,000 | -279,000 | -629,000 | -677,000 | -462,000 | -297,000 | 165,000 | 399,000 | 687,000 | 768,000 | 614,000 | 513,000 | 445,000 | 248,000 | -739,000 | -1,140,000 | -1,255,000 | -1,124,000 | -153,000 |
| 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 |
| Pretax margin | 0.82% | -1.29% | -1.44% | -3.20% | -3.37% | -2.27% | -1.45% | 0.79% | 1.92% | 3.35% | 3.82% | 3.25% | 2.94% | 2.77% | 1.70% | -5.78% | -9.25% | -10.14% | -8.84% | -1.08% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $155,000K ÷ $18,878,000K
= 0.82%
The pretax margin of Goodyear Tire & Rubber Co has shown fluctuations over the period from March 31, 2020, to December 31, 2024. It started in negative territory at -1.08% in March 2020, and further declined to its lowest point of -10.14% by September 30, 2020. However, the trend reversed gradually, with the pretax margin recovering and turning positive by June 30, 2021, at 1.70%.
From September 2021 to June 2022, the pretax margin continued to improve steadily, reaching its peak at 3.82% by June 30, 2022. However, there was a slight decline towards the end of 2022, followed by fluctuations in 2023 and 2024. The pretax margin dipped into negative figures again but managed to recover slightly, standing at 0.82% by December 31, 2024.
Overall, the pretax margin of Goodyear Tire & Rubber Co reflected a mix of challenges and improvements over the analyzed period, indicating varying levels of profitability before taking into account taxes. The company exhibited resilience in navigating through these fluctuations to achieve a modest turnaround in its pretax profitability by the end of the period.