Hertz Global Holdings Inc (HTZ)
Gross profit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | -251,000 | -143,000 | 753,000 | 1,463,000 | 1,884,000 | 2,183,000 | 2,149,000 | 2,092,000 | 2,078,000 | 2,477,000 | 2,816,000 | 2,905,000 | 2,728,000 | 1,951,000 | 1,055,000 | -188,000 | -402,000 | -73,000 | 515,000 | 1,486,000 |
| Revenue (ttm) | US$ in thousands | 9,049,000 | 9,193,000 | 9,320,000 | 9,404,000 | 9,371,000 | 9,222,000 | 9,015,000 | 8,922,000 | 8,685,000 | 8,599,000 | 8,329,000 | 7,858,000 | 7,337,000 | 6,623,000 | 5,665,000 | 4,624,000 | 5,258,000 | 6,349,000 | 7,917,000 | 9,596,000 |
| Gross profit margin | -2.77% | -1.56% | 8.08% | 15.56% | 20.10% | 23.67% | 23.84% | 23.45% | 23.93% | 28.81% | 33.81% | 36.97% | 37.18% | 29.46% | 18.62% | -4.07% | -7.65% | -1.15% | 6.50% | 15.49% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-251,000K ÷ $9,049,000K
= -2.77%
Hertz Global Holdings Inc's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The gross profit margin started at 15.49% on March 31, 2020, declined to -7.65% by the end of December 31, 2020, indicating a negative trend. However, there was a notable recovery in the subsequent quarters, with the gross profit margin improving consistently to reach its peak at 37.18% on December 31, 2021.
From March 31, 2022, to September 30, 2023, the gross profit margin remained relatively stable within the range of 23.45% to 23.84%, reflecting consistency in the company's ability to generate profits from its core operations. However, there was a decline in the gross profit margin to 20.10% by the end of December 31, 2023, and further dropped to 15.56% on March 31, 2024, indicating a decrease in profitability.
The trend continued with the gross profit margin decreasing further to 8.08% on June 30, 2024, and turning negative at -1.56% on September 30, 2024, and -2.77% by the end of December 31, 2024. These negative margins suggest that the company's cost of goods sold exceeded its revenues in these periods, highlighting potential concerns about operational efficiency and profitability.
Overall, the analysis of Hertz Global Holdings Inc's gross profit margin indicates a mix of positive and negative trends over the period under review, reflecting fluctuations in the company's ability to generate profits from its primary business activities.
Peer comparison
Dec 31, 2024