Hertz Global Holdings Inc (HTZ)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -3,237,000 | 286,000 | 2,449,000 | 683,000 | -2,052,000 |
| Revenue | US$ in thousands | 9,049,000 | 9,371,000 | 8,685,000 | 7,336,000 | 5,258,000 |
| Pretax margin | -35.77% | 3.05% | 28.20% | 9.31% | -39.03% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-3,237,000K ÷ $9,049,000K
= -35.77%
The pretax margin of Hertz Global Holdings Inc has shown significant fluctuations over the years based on the provided data. As of December 31, 2020, the company had a negative pretax margin of -39.03%, indicating that expenses exceeded revenues before accounting for taxes. However, there was a notable improvement in the pretax margin by December 31, 2021, reaching 9.31%, which suggests the company was able to increase profitability.
By December 31, 2022, the pretax margin further improved to 28.20%, reflecting a substantial growth in profitability. However, by December 31, 2023, the pretax margin dropped to 3.05%, indicating a decline in profitability compared to the previous year.
Finally, by December 31, 2024, the pretax margin decreased significantly to -35.77%, showing a substantial loss before taxes. It is evident that the company's pretax margin has been volatile, experiencing both positive and negative trends in profitability over the years. Further analysis would be necessary to understand the factors influencing these fluctuations and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2024