Harley-Davidson Inc (HOG)
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 | 878,416 | 896,084 | 996,934 | 1,037,126 | 933,427 | 914,211 | 770,025 | 769,664 | 819,237 | 688,424 | 623,863 | 229,849 | -15,730 | 123,218 | 107,546 | 481,582 | 557,415 | 539,626 | 563,562 | 626,878 |
| Revenue (ttm) | US$ in thousands | 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 | 5,361,790 | 5,435,380 | 5,478,530 | 5,559,130 |
| Pretax margin | 15.05% | 15.12% | 16.55% | 17.15% | 16.22% | 16.24% | 14.40% | 14.23% | 15.35% | 13.65% | 12.88% | 5.50% | -0.39% | 2.80% | 2.39% | 9.13% | 10.40% | 9.93% | 10.29% | 11.28% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $878,416K ÷ $5,836,480K
= 15.05%
The pretax margin for Harley-Davidson, Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 14.85%, slightly lower than the previous quarter's 14.93%. However, this was still higher than the Q2 and Q3 2022 margins of 14.40% and 16.24%, respectively. The highest pretax margin in this period was recorded in Q2 2023 at 16.40%, followed closely by Q1 2023 at 17.07%.
Overall, the pretax margin has displayed some variability, but has generally remained within the range of 14% to 17% over the past two years. This indicates that the company has been able to generate consistent profits before taxes relative to its revenue, with some quarters performing better than others. Monitoring the trend in the pretax margin can provide valuable insights into the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023