Goodyear Tire & Rubber Co (GT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 19.62% | 19.74% | 19.56% | 18.23% | 17.49% | 16.37% | 16.41% | 17.55% | 18.51% | 19.88% | 20.42% | 21.02% | 21.66% | 22.16% | 21.99% | 17.53% | 16.10% | 15.61% | 16.35% | 20.62% |
| 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% |
| 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% |
| Net profit margin | 0.35% | -1.56% | -1.82% | -3.28% | -3.43% | -2.47% | -1.81% | 0.02% | 0.97% | 4.19% | 4.71% | 4.49% | 4.37% | 1.70% | 0.96% | -4.88% | -10.18% | -13.81% | -12.73% | -6.12% |
Goodyear Tire & Rubber Co's profitability ratios indicate fluctuations over the analyzed periods. The gross profit margin saw a decline from 20.62% in March 2020 to 16.35% in June 2020, before showing an overall upward trend to reach 19.62% by December 2024.
In terms of operating profit margin, the company experienced negative margins in the second half of 2020, but managed to recover and improve steadily, reaching 4.88% by December 2024.
Similarly, the pretax margin was negative in most quarters up to June 2021, but then gradually turned positive and stabilized around 1-3% until the end of 2024.
The net profit margin, after consistent negative performance in the early periods, started to recover and ended with a positive margin of 0.35% by December 2024.
In conclusion, despite facing challenges in the past, Goodyear Tire & Rubber Co showed resilience by improving its profitability margins over the years, reflecting a positive trend in its financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 4.39% | 3.94% | 2.49% | 0.55% | 0.23% | -0.72% | 0.82% | 2.97% | 3.93% | 4.94% | 5.14% | 4.99% | 5.03% | 4.67% | 3.92% | 0.39% | -1.26% | -1.69% | -0.90% | 3.42% |
| Return on assets (ROA) | 0.31% | -1.32% | -1.60% | -2.93% | -3.19% | -2.24% | -1.62% | 0.02% | 0.90% | 3.67% | 4.14% | 3.75% | 3.57% | 1.27% | 0.66% | -3.76% | -7.60% | -10.55% | -10.23% | -5.21% |
| Return on total capital | 14.13% | 5.21% | 8.31% | 2.57% | 0.41% | 5.63% | 5.90% | 12.34% | 16.38% | 22.47% | 22.13% | 20.68% | 19.92% | 20.56% | 16.12% | -10.66% | -25.93% | -31.61% | -27.21% | 5.93% |
| Return on equity (ROE) | 1.35% | -6.26% | -7.48% | -13.92% | -14.76% | -10.07% | -7.25% | 0.08% | 3.79% | 16.89% | 18.30% | 16.48% | 15.28% | 6.35% | 3.32% | -20.06% | -40.74% | -59.76% | -57.15% | -24.76% |
Goodyear Tire & Rubber Co's profitability ratios have shown variations in performance over the past few years.
1. Operating return on assets (Operating ROA) improved from negative values in mid-2020 to reach a peak of 5.14% in June 2022 before slightly declining.
2. Return on assets (ROA) also demonstrated a recovery trend, moving from negative values in mid-2020 to positive figures, with a peak of 4.14% in June 2024, although these ratios remained somewhat volatile.
3. Return on total capital exhibited a similar pattern of improvement, starting from negative percentages in mid-2020 and increasing steadily to achieve a peak of 22.47% in September 2022. However, these ratios fluctuated in the later periods.
4. Return on equity (ROE) experienced fluctuations but generally showcased an upward trajectory, with the highest value of 18.30% in June 2022, before moderating in subsequent quarters.
Overall, while Goodyear Tire & Rubber Co's profitability ratios have shown some positive trends in recent periods, the company continues to experience fluctuations in its profitability performance, indicating potential challenges in maintaining consistent profitability levels.