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Tire Manufacturing Industry Profitability

Profitability Information & Trends 
  
Category:   Period:  

Tire Manufacturing Industry Profitability Ratios 1 Q 2023 4 Q 2022 3 Q 2022 2 Q 2022 1 Q 2022
  2023 2022 2022 2022 2022
Gross Margin 15.14 % 16.08 % 18.94 % 19.96 % 19.19 %
Gross Margin Annual (TTM) 17.55 % 18.51 % 19.88 % 20.43 % 21.02 %
Gross Margin Ranking # 97 # 99 # 101 # 99 # 101
EBITDA Margin 5.67 % 5.15 % 8.72 % 11.59 % 9.88 %
EBITDA Margin Annual (TTM) 7.79 % 8.79 % 10.77 % 11.31 % 11.02 %
EBITDA Margin Ranking # 87 # 89 # 80 # 75 # 78
Operating Margin 1.05 % 2.23 % 4.99 % 5.7 % 4.95 %
Operating Margin Annual (TTM) 3.52 % 4.45 % 5.51 % 5.78 % 5.78 %
Operating Margin Ranking # 93 # 94 # 84 # 91 # 88
Pre-Tax Margin - - 2 % 4.83 % 2.73 %
Pre-Tax Margin Annual (TTM) 0.79 % 1.92 % 3.35 % 3.82 % 3.25 %
Pre-Tax Margin Ranking # 96 # 94 # 84 # 84 # 87
Net Margin - - 0.9 % 3.26 % 1.96 %
Net Margin Annual (TTM) 0.07 % 1 % 4.25 % 4.76 % 4.55 %
Net Margin Ranking # 95 # 97 # 87 # 80 # 86

New: More Tire Manufacturing Industry historic profitability ratios >>

Comment on the 1 Q 2023 Gross Margin within the Tire Manufacturing Industry

Tire Manufacturing Industry experienced contraction in Gross Profits by -13.43 % and Revenue by -8.06 %, while Gross Margin fell to -8.06 % below Industry's average Gross Margin.

On the trailing twelve months basis gross margin in 1 Q 2023 fell to 17.55 %.

Within Consumer Discretionary sector 8 other industries have achieved higher gross margin. Gross margin total ranking has impoved so far to 97, from total ranking in previous quarter at 99.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Gross Margin Statistics
High Average Low
28.3 % 21.54 % -0.23 %
3. quarter 2015   2. quarter 2020

Gross Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 9
Overall # 97


Other Gross Margins
Compare Industry's gross margin to Esnt's or S&P Gross profits within Tire Manufacturing Industry
Highest Ranking Gross Margins Lowest Ranking Gross Margins
Profitability for Esnt's Suppliers Definiton of Gross Margin

Tire Manufacturing Industry EBITDA Margin Statistics
 
EBITDA Margin Statistics
High Average Low
19.53 % 9.53 % -18.31 %
3. quarter 2018   2. quarter 2020

EBITDA Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 7
Overall # 87

EBITDA Margin Comment on the 1 Q 2023 within the Tire Manufacturing Industry

Despite sequential Revenue deterioration in 1 Q 2023 of -8.06 % Tire Manufacturing Industry managed to reduce operating costs and increase Ebitda by 1.08 %. Ebitda Margin grew to 5.67 % below Industry average Ebitda Margin.

On the trailing twelve months basis Ebitda Margin in 1 Q 2023 fell to 7.79 %.

Within Consumer Discretionary sector 6 other industries have achieved higher ebitda margin. Ebitda margin total ranking has impoved so far to 87, from total ranking in previous quarter at 89.

Other EBITDA Margins
Compare Industry's EBITDA margin to Esnt's or S&P Gross profits within Tire Manufacturing Industry
Highest Ranking EBITDA Margins Lowest Ranking EBITDA Margins
Profitability for Industry's Suppliers Industry Net Cash Flow Margin


Tire Manufacturing Industry Operating Margin Statistics
 

Operating Margin Comment on the 1 Q 2023 within the Tire Manufacturing Industry


Tire Manufacturing Industry experienced contraction in Operating Profit by -56.67 % and Revenue by -8.06 %, while Operating Margin fell to 1.05 % below Industry's average Operating Margin.

On the trailing twelve months basis operating margin in 1 Q 2023 fell to 3.52 %.

Within Consumer Discretionary sector 7 other industries have achieved higher operating margin. Operating margin total ranking has impoved so far to 93, from total ranking in previous quarter at 94.



Operating Margin Statistics
High Average Low
14.83 % 5.43 % -28.96 %
2. quarter 2016   2. quarter 2020

Operating Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 8
Overall # 93

Tire Manufacturing Industry Pre-Tax Margin Statistics
 


Pre-Tax Margin Statistics
High Average Low
14.3 % 2.96 % -33.91 %
2. quarter 2016   2. quarter 2020

Comment on the 1 Q 2023 Pre-Tax Margin in the Tire Manufacturing Industry

Tire Manufacturing Industry's Pre-Tax Loss increased compare to previous quarter.

On the trailing twelve months basis Pre-Tax Margin in 1 Q 2023 fell to 0.79 %.

Within Consumer Discretionary sector 7 other industries have achieved higher Pre-Tax Margin. Pre-Tax Margin total ranking has deteriorated compare to previous quarter from 94 to 96.
Pre-Tax Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 8
Overall # 96

Pre-Tax Margins
Compare Industry's pre-tax margin to Esnt's or S&P Net profits within Tire Manufacturing Industry
Highest Ranking Net Margins Lowest Ranking Net Margins
Profitability for Esnt's Competitors Industry Tax Rate


Tire Manufacturing Industry Net Margin Statistics
 





Net Margin Comment on the 1 Q 2023 in the Tire Manufacturing Industry

Tire Manufacturing Industry Net Loss decreased compare to previous quarter.

On the trailing twelve months basis Net margin in 1 Q 2023 fell to 0.07 %.

Within Consumer Discretionary sector 6 other industries have achieved higher Net margin. Net margin total ranking has impoved so far to 95, from total ranking in previous quarter at 97.

Net Margin Statistics
High Average Low
48.88 % 2.96 % -26.84 %
4. quarter 2014   2. quarter 2020
Net Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 7
Overall # 95

Other Net Margins
Compare Industry's net margin to Esnt's or S&P Net profits within Tire Manufacturing Industry
Highest Ranking Net Margins Lowest Ranking Net Margins
Profitability for Esnt's Suppliers Definiton of Net Margin





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