Hertz Global Holdings Inc (HTZ)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 286,000 | 906,000 | 994,000 | 1,955,000 | 2,449,000 | 2,187,000 | 2,305,000 | 972,000 | 685,000 | 434,000 | -589,000 | -1,414,000 | -2,043,000 | -1,791,000 | -1,290,000 | -209,000 | 3,000 | 18,000 | -43,000 | -171,000 |
| 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 |
| Pretax margin | 3.05% | 9.82% | 11.03% | 21.91% | 28.20% | 25.43% | 27.67% | 12.37% | 9.34% | 6.55% | -10.40% | -30.58% | -38.86% | -28.21% | -16.29% | -2.18% | 0.03% | 0.18% | -0.44% | -1.79% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $286,000K ÷ $9,371,000K
= 3.05%
The pretax margin of Hertz Global Holdings Inc. has shown a declining trend over the last five quarters. In Q4 2022, the pretax margin was at its highest point of 28.20%, indicating that the company was generating significant earnings before taxes relative to its total revenue. However, there has been a steady decline since then, with Q4 2023 reflecting the lowest pretax margin of 3.05%. This suggests that Hertz Global Holdings Inc. is experiencing challenges in controlling its operating expenses or generating sufficient revenue to cover its costs before taxes. The downward trend in pretax margin may raise concerns about the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2023