Wyndham Hotels & Resorts Inc (WH)
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 | 369,000 | 346,000 | 345,000 | 329,000 | 398,000 | 396,000 | 399,000 | 426,000 | 475,000 | 470,000 | 470,000 | 440,000 | 335,000 | 258,000 | 161,000 | -154,000 | -158,000 | -71,000 | -70,000 | 188,000 |
| Revenue (ttm) | US$ in thousands | 1,381,000 | 1,434,000 | 1,413,000 | 1,384,000 | 1,398,000 | 1,397,000 | 1,408,000 | 1,437,000 | 1,497,000 | 1,584,000 | 1,639,000 | 1,641,000 | 1,565,000 | 1,461,000 | 1,328,000 | 1,192,000 | 1,302,000 | 1,491,000 | 1,718,000 | 1,995,000 |
| Pretax margin | 26.72% | 24.13% | 24.42% | 23.77% | 28.47% | 28.35% | 28.34% | 29.65% | 31.73% | 29.67% | 28.68% | 26.81% | 21.41% | 17.66% | 12.12% | -12.92% | -12.14% | -4.76% | -4.07% | 9.42% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $369,000K ÷ $1,381,000K
= 26.72%
Wyndham Hotels & Resorts Inc's pretax margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin was negative in the second half of 2020, indicating that the company's expenses exceeded its operating income during that period.
However, there was a significant improvement in the pretax margin in the following quarters, with the margin turning positive in the second quarter of 2021 and steadily increasing thereafter. This positive trend suggests that the company's profitability improved, and it was able to generate more income before taxes relative to its revenue.
The pretax margin peaked at 31.73% on December 31, 2022, indicating that Wyndham Hotels & Resorts Inc was able to effectively control its costs and increase its profitability during that period. Although there was a slight dip in the pretax margin in the subsequent quarters, it remained relatively stable around the mid to high 20% range, indicating a healthy level of profitability.
Overall, the trend in Wyndham Hotels & Resorts Inc's pretax margin reflects the company's ability to manage its expenses and generate sufficient operating income, leading to improved profitability over the period under review.
Peer comparison
Dec 31, 2024