Hertz Global Holdings Inc (HTZ)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 286,000 | 2,449,000 | 684,000 | -2,043,000 | 5,000 |
| Revenue | US$ in thousands | 9,371,000 | 8,685,000 | 7,336,000 | 5,258,000 | 9,779,000 |
| Pretax margin | 3.05% | 28.20% | 9.32% | -38.86% | 0.05% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $286,000K ÷ $9,371,000K
= 3.05%
The pretax margin of Hertz Global Holdings Inc. has exhibited fluctuating trends over the past three years. In 2023, the pretax margin was 3.05%, a significant decrease from the 28.20% reported in 2022 and a moderate decline from 9.31% in 2021. This downward trend indicates a decrease in the company's profitability before taking into account taxes and other expenses in 2023 compared to the prior two years. Further investigation into the factors driving this decline may be warranted to assess the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Hertz Global Holdings Inc
HTZ
3.05%
Avis Budget Group Inc
CAR
15.91%
Ryder System Inc
R
5.24%