Penske Automotive Group Inc (PAG)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,239,900 | 1,180,500 | 1,232,600 | 1,307,400 | 1,419,500 | 1,558,500 | 1,669,200 | 1,768,500 | 1,859,200 | 1,884,700 | 1,893,600 | 1,857,700 | 1,607,700 | 1,450,700 | 1,286,200 | 883,700 | 707,600 | 583,700 | 430,500 | 529,200 |
| Revenue (ttm) | US$ in thousands | 30,455,200 | 30,007,400 | 29,864,400 | 29,636,200 | 29,527,400 | 29,267,100 | 28,740,000 | 28,178,400 | 27,814,800 | 27,099,100 | 26,675,700 | 26,756,300 | 25,554,700 | 25,070,700 | 24,545,000 | 21,208,600 | 20,443,900 | 20,513,200 | 20,509,200 | 22,613,900 |
| Pretax margin | 4.07% | 3.93% | 4.13% | 4.41% | 4.81% | 5.33% | 5.81% | 6.28% | 6.68% | 6.95% | 7.10% | 6.94% | 6.29% | 5.79% | 5.24% | 4.17% | 3.46% | 2.85% | 2.10% | 2.34% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,239,900K ÷ $30,455,200K
= 4.07%
Penske Automotive Group Inc's pretax margin, which measures the company's efficiency in generating profits before taxes from its total revenues, has shown fluctuations over the periods covered in the data set.
From March 31, 2020, to June 30, 2022, the pretax margin experienced a gradual but consistent increase, rising from 2.34% to 7.10%. This upward trend indicates an improvement in the company's ability to generate profits from its operations before considering tax implications. The peak point of 7.10% on June 30, 2022, reflects the company's strongest performance in terms of pretax margins during the period.
However, starting from September 30, 2022, the pretax margin began to decrease steadily, reaching 3.93% by September 30, 2024. This decline suggests a decrease in the company's profitability relative to its total revenue. The fluctuations observed in the pretax margin from 2022 onwards may indicate changes in the company's cost structure, revenue streams, or operational efficiency.
Overall, analyzing Penske Automotive Group Inc's pretax margin over the years reveals both positive growth and subsequent decline, highlighting the need for further examination of the company's financial performance to identify potential factors impacting its profitability.
Peer comparison
Dec 31, 2024