Hertz Global Holdings Inc (HTZ)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 616,000 | 2,059,000 | 366,000 | -1,714,000 | -58,000 |
| Revenue | US$ in thousands | 9,371,000 | 8,685,000 | 7,336,000 | 5,258,000 | 9,779,000 |
| Net profit margin | 6.57% | 23.71% | 4.99% | -32.60% | -0.59% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $616,000K ÷ $9,371,000K
= 6.57%
Hertz Global Holdings Inc.'s net profit margin has experienced fluctuations over the past three years, as evidenced by the figures of 6.57% in 2023, 23.71% in 2022, and -1.15% in 2021. The significant drop from 2022 to 2023 suggests a notable decline in profitability relative to sales revenue. Such variation could be attributed to changes in operating expenses, sales volume, or cost structure. It is important for the company to closely monitor its cost management strategies and revenue generation efforts to sustain and improve its profitability levels over time.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Hertz Global Holdings Inc
HTZ
6.57%
Avis Budget Group Inc
CAR
13.59%
Ryder System Inc
R
3.45%