Hilton Grand Vacations Inc (HGV)
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 | 123,000 | 188,000 | 234,000 | 344,000 | 449,000 | 433,000 | 501,000 | 500,000 | 481,000 | 511,366 | 455,071 | 353,071 | 269,071 | -74,295 | -233,847 | -285,847 | -263,847 | 31,153 | 113,000 | 207,000 |
| Revenue (ttm) | US$ in thousands | 4,981,000 | 4,716,000 | 4,428,000 | 4,200,000 | 3,978,000 | 3,951,000 | 4,049,000 | 3,990,000 | 3,835,000 | 3,681,000 | 3,493,000 | 2,879,000 | 2,335,000 | 1,709,000 | 989,000 | 778,000 | 894,000 | 1,150,000 | 1,408,000 | 1,739,000 |
| Pretax margin | 2.47% | 3.99% | 5.28% | 8.19% | 11.29% | 10.96% | 12.37% | 12.53% | 12.54% | 13.89% | 13.03% | 12.26% | 11.52% | -4.35% | -23.64% | -36.74% | -29.51% | 2.71% | 8.03% | 11.90% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $123,000K ÷ $4,981,000K
= 2.47%
The pretax margin of Hilton Grand Vacations Inc has shown fluctuations over the period from March 2020 to December 2024. The pretax margin started positively at 11.90% in March 2020 but experienced a decline and even turned negative in subsequent quarters. The company faced significant challenges as indicated by the negative pretax margins in the latter part of 2020 and early 2021, reaching as low as -36.74% in March 2021.
However, there was a notable recovery starting in December 2021, with the pretax margin turning positive again at 11.52%. This positive trend continued into 2022, with pretax margins ranging from 12.26% to 13.89% throughout the year. In 2023 and 2024, the pretax margin stabilized around the range of 8.19% to 2.47%, indicating a relatively stable financial performance.
Overall, the pretax margin trend reflects the company's ability to navigate challenges and recover from periods of significant downturns, ultimately demonstrating a more stable and positive financial performance in recent years.