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%