Hertz Global Holdings Inc (HTZ)
Operating profit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 64,000 | 632,000 | 769,000 | 1,273,000 | 1,238,000 | 1,389,000 | 1,760,000 | 1,692,000 | 1,498,000 | 2,252,000 | 1,150,000 | 379,000 | 531,000 | 1,909,000 | 3,164,000 | 3,979,000 | 4,080,000 | 4,048,000 | 3,937,000 | 3,206,000 |
| Revenue (ttm) | US$ in thousands | 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 | 9,780,000 | 9,748,000 | 9,670,000 | 9,548,000 |
| Operating profit margin | 0.68% | 6.85% | 8.53% | 14.27% | 14.25% | 16.15% | 21.13% | 21.53% | 20.42% | 34.00% | 20.30% | 8.20% | 10.10% | 30.07% | 39.96% | 41.47% | 41.72% | 41.53% | 40.71% | 33.58% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $64,000K ÷ $9,371,000K
= 0.68%
The operating profit margin of Hertz Global Holdings Inc. has shown a declining trend over the past five quarters, starting at 23.89% in Q4 2022 and decreasing to 8.17% in Q4 2023. This decline indicates that the company's operating expenses have been increasing at a faster rate than its operating revenues during this period. A decreasing operating profit margin may signify inefficiencies in cost management, pricing strategies, or operational performance. Further investigation into the reasons behind this trend is recommended to identify potential areas for improvement and to enhance the company's overall profitability in the future.
Peer comparison
Dec 31, 2023