Harley-Davidson Inc (HOG)
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 | 517,139 | 691,997 | 797,329 | 765,236 | 866,878 | 884,874 | 988,270 | 1,032,671 | 931,233 | 914,211 | 770,025 | 769,664 | 819,237 | 688,424 | 623,863 | 229,849 | -15,730 | 123,218 | 107,546 | 481,582 |
| Revenue (ttm) | US$ in thousands | 5,186,809 | 5,552,410 | 5,950,770 | 5,777,400 | 5,836,480 | 5,925,550 | 6,025,070 | 6,048,640 | 5,755,140 | 5,629,290 | 5,346,020 | 5,408,990 | 5,336,310 | 5,045,102 | 4,845,472 | 4,178,639 | 4,054,369 | 4,401,417 | 4,508,257 | 5,275,650 |
| Pretax margin | 9.97% | 12.46% | 13.40% | 13.25% | 14.85% | 14.93% | 16.40% | 17.07% | 16.18% | 16.24% | 14.40% | 14.23% | 15.35% | 13.65% | 12.88% | 5.50% | -0.39% | 2.80% | 2.39% | 9.13% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $517,139K ÷ $5,186,809K
= 9.97%
The pretax margin of Harley-Davidson Inc has exhibited fluctuations over the period starting from March 31, 2020, to December 31, 2024.
The pretax margin started at 9.13% in March 2020, declining to 2.39% in June 2020, likely indicating a decrease in profitability relative to revenue. The margin continued to be relatively low at 2.80% in September 2020 before turning negative at -0.39% in December 2020, signaling a loss-making quarter.
However, there was a positive trend in the following quarters with improvements seen in the pretax margin, reaching 15.35% by December 31, 2021. This positive trajectory continued in the first half of 2022, peaking at 16.24% in September 2022, showcasing a strong performance in generating profits before taxes.
Subsequently, the pretax margin experienced some fluctuations, hovering around the mid to high teens percentage range until December 2023, where it declined to 14.85%. By March 31, 2024, the pretax margin further decreased to 13.25%, potentially indicating a slight decline in the profitability metric.
Ending the period on December 31, 2024, the pretax margin stood at 9.97%, showing a decline from the previous quarter. The fluctuating pretax margin trend suggests that Harley-Davidson Inc may have encountered challenges in maintaining consistent profitability levels during the period under review.
Peer comparison
Dec 31, 2024