Hertz Global Holdings Inc (HTZ)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -251,000 | 1,728,000 | 3,034,000 | 2,723,000 | -401,000 |
| Revenue | US$ in thousands | 9,049,000 | 9,371,000 | 8,685,000 | 7,336,000 | 5,258,000 |
| Gross profit margin | -2.77% | 18.44% | 34.93% | 37.12% | -7.63% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-251,000K ÷ $9,049,000K
= -2.77%
Hertz Global Holdings Inc's gross profit margin has shown fluctuations over the years based on the provided data. In December 31, 2020, the company reported a negative gross profit margin of -7.63%, indicating that its cost of goods sold exceeded its revenue earned from sales. However, by December 31, 2021, the gross profit margin improved significantly to 37.12%, suggesting the company effectively managed its production costs and increased its profitability.
In the following years, Hertz Global Holdings Inc maintained a relatively stable gross profit margin, with values of 34.93% on December 31, 2022 and 18.44% on December 31, 2023. These figures indicate the company's ability to generate profits after accounting for the costs associated with producing goods and services.
However, by December 31, 2024, the gross profit margin declined to -2.77%, signaling a potential decrease in profitability or challenges in managing production costs efficiently.
Overall, while Hertz Global Holdings Inc experienced fluctuations in its gross profit margin, the company demonstrated improvements in profitability in some years but also faced challenges in others. It is essential for the company to closely monitor its cost structure and revenue generation strategies to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2024