Hyatt Hotels Corporation (H)
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 | 310,000 | 360,000 | 322,000 | 539,000 | 363,000 | 202,000 | 397,000 | 91,000 | 44,000 | -126,000 | -604,000 | -940,000 | -960,000 | -275,000 | 350,000 | 785,000 | 1,006,000 | 625,000 | 476,000 | 473,000 |
| Revenue (ttm) | US$ in thousands | 6,541,000 | 6,486,000 | 6,389,000 | 6,403,000 | 5,995,000 | 5,478,000 | 5,094,000 | 4,132,000 | 3,290,000 | 2,602,000 | 1,848,000 | 1,337,000 | 1,924,000 | 2,838,000 | 4,048,000 | 5,110,000 | 5,349,000 | 5,212,000 | 4,926,000 | 4,766,000 |
| Pretax margin | 4.74% | 5.55% | 5.04% | 8.42% | 6.06% | 3.69% | 7.79% | 2.20% | 1.34% | -4.84% | -32.68% | -70.31% | -49.90% | -9.69% | 8.65% | 15.36% | 18.81% | 11.99% | 9.66% | 9.92% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $310,000K ÷ $6,541,000K
= 4.74%
Pretax margin, a crucial profitability metric for Hyatt Hotels Corporation, has shown fluctuations over the past eight quarters. In Q1 2023, the pretax margin was notably high at 8.57%, indicating that the company was able to generate higher pre-tax profits relative to its total revenue in that period. Q2 2022 also stood out with a strong pretax margin of 8.47%, reflecting a previous peak in profitability. However, in Q3 2022, the pretax margin experienced a dip to 3.76%, possibly suggesting a decrease in operational efficiency or higher expenses relative to revenue.
Overall, the pretax margin trend for Hyatt Hotels Corporation appears to exhibit variability, with fluctuations in profitability performance across quarters. It would be prudent for stakeholders to further investigate the underlying factors contributing to these fluctuations to better understand the company's financial health and sustainability.
Peer comparison
Dec 31, 2023