Harley-Davidson Inc (HOG)
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 | 878,416 | 933,427 | 819,237 | -15,730 | 557,415 |
| Revenue | US$ in thousands | 5,836,480 | 5,755,130 | 5,336,310 | 4,054,380 | 5,361,790 |
| Pretax margin | 15.05% | 16.22% | 15.35% | -0.39% | 10.40% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $878,416K ÷ $5,836,480K
= 15.05%
The pretax margin of Harley-Davidson, Inc. has fluctuated over the past five years.
In 2019, the company had a pretax margin of 10.40%, indicating that for each dollar of revenue, the company generated a profit of 10.40 cents before tax expenses.
The pretax margin decreased significantly in 2020, dropping to -0.39%, suggesting that the company experienced a loss before tax expenses that year.
However, Harley-Davidson, Inc. managed to recover in the following years, with the pretax margin improving to 15.35% in 2021 and further increasing to 16.18% in 2022.
In 2023, the pretax margin slightly decreased to 14.85%, but overall, the trend shows an improvement in profitability over the five-year period.
It is important to further investigate the factors influencing these fluctuations in pretax margin to assess the company's financial performance effectively.
Peer comparison
Dec 31, 2023