Wyndham Hotels & Resorts Inc (WH)
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 | 398,000 | 476,000 | 335,000 | -158,000 | 207,000 |
| Revenue | US$ in thousands | 1,397,000 | 1,498,000 | 1,565,000 | 1,300,000 | 2,053,000 |
| Pretax margin | 28.49% | 31.78% | 21.41% | -12.15% | 10.08% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $398,000K ÷ $1,397,000K
= 28.49%
The pretax margin of Wyndham Hotels & Resorts Inc has fluctuated over the past five years. In 2023, the pretax margin was 28.49%, which represents a decrease from 31.78% in 2022. Despite the decline, the pretax margin in 2023 remains relatively favorable compared to historical levels. In 2021, the pretax margin stood at 21.41%, indicating a moderate performance. However, there was a significant decline in profitability in 2020, with a negative pretax margin of -12.15%, which may have been influenced by external factors such as the COVID-19 pandemic. Prior to that, in 2019, the pretax margin was at a healthier level of 10.08%. Overall, while there have been fluctuations in pretax margin, the company has shown resilience and has managed to maintain positive profitability in recent years.
Peer comparison
Dec 31, 2023