Hyatt Hotels Corporation (H)
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 | 310,000 | 363,000 | 44,000 | -960,000 | 1,006,000 |
| Revenue | US$ in thousands | 6,541,000 | 5,995,000 | 3,290,000 | 1,924,000 | 5,694,000 |
| Pretax margin | 4.74% | 6.06% | 1.34% | -49.90% | 17.67% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $310,000K ÷ $6,541,000K
= 4.74%
The pretax margin of Hyatt Hotels Corporation has displayed significant fluctuations over the past five years. In 2023, the pretax margin stood at 4.65%, indicating that the company generated 4.65% in pre-tax profit for every dollar of revenue earned. This figure represented a decrease from the prior year's level of 6.16%.
The pretax margin in 2021 was notably lower at 1.45%, suggesting lower profitability compared to the preceding year. In 2020, the pretax margin was negative at -46.47%, indicating that the company incurred losses before taxes during that period.
However, the pretax margin experienced a substantial improvement in 2019, reaching a healthy level of 19.95%, suggesting that the company generated significant pre-tax profits relative to its revenue during that year.
Overall, the fluctuating trend in the pretax margin of Hyatt Hotels Corporation highlights the company's varying levels of profitability and operational efficiency over the past five years.
Peer comparison
Dec 31, 2023