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Tire Manufacturing Industry Profitability

Profitability Information & Trends 
  
Category:   Period:  

Tire Manufacturing Industry Profitability Ratios 2 Q 2023 1 Q 2023 4 Q 2022 3 Q 2022 2 Q 2022
  2023 2023 2022 2022 2022
Gross Margin 15.29 % 15.14 % 16.08 % 18.94 % 19.96 %
Gross Margin Annual (TTM) 16.41 % 17.55 % 18.51 % 19.88 % 20.43 %
Gross Margin Ranking # 100 # 101 # 99 # 100 # 99
EBITDA Margin 3.86 % 5.67 % 5.15 % 8.72 % 11.59 %
EBITDA Margin Annual (TTM) 5.89 % 7.79 % 8.79 % 10.77 % 11.31 %
EBITDA Margin Ranking # 97 # 91 # 91 # 78 # 68
Operating Margin - 1.05 % 2.23 % 4.99 % 5.7 %
Operating Margin Annual (TTM) 1.96 % 3.52 % 4.45 % 5.51 % 5.78 %
Operating Margin Ranking # 100 # 98 # 94 # 85 # 91
Pre-Tax Margin - - - 2 % 4.83 %
Pre-Tax Margin Annual (TTM) - 0.79 % 1.92 % 3.35 % 3.82 %
Pre-Tax Margin Ranking # 100 # 98 # 94 # 86 # 84
Net Margin - - - 0.9 % 3.26 %
Net Margin Annual (TTM) - 0.07 % 1 % 4.25 % 4.76 %
Net Margin Ranking # 101 # 98 # 96 # 87 # 81


Comment on the 2 Q 2023 Gross Margin within the Tire Manufacturing Industry

Tire Manufacturing Industry Gross Profits grew by 30.51 % in 2 Q 2023 sequentially, while Revenue increased by 5.65 %, this led to improvement in Tire Manufacturing Industry's Gross Margin to 18.88 %, Gross Margin remained below Tire Manufacturing Industry average.

On the trailing twelve months basis gross margin in 2 Q 2023 fell to 16.41 %.

Within Consumer Discretionary sector 8 other industries have achieved higher gross margin. Gross margin total ranking has impoved so far to 100, from total ranking in previous quarter at 101.

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 % 21.38 % -0.23 %
3. quarter 2015   2. quarter 2020

Gross Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 9
Overall # 100


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

Tire Manufacturing Industry EBITDA Margin Statistics

 
EBITDA Margin Statistics
High Average Low
19.53 % 9.38 % -18.31 %
3. quarter 2018   2. quarter 2020

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

EBITDA Margin Comment on the 2 Q 2023 within the Tire Manufacturing Industry

Tire Manufacturing Industry's Revenue increased sequentially by 5.65 % faster than Ebitda increase of 74.47 %, this led to contraction in Ebitda Margin to 3.86 %, below Industry average.

On the trailing twelve months basis Ebitda Margin in 2 Q 2023 fell to 5.89 %.

Within Consumer Discretionary sector 8 other industries have achieved higher ebitda margin. Ebitda margin total ranking has deteriorated compare to previous quarter from 91 to 97.

Other EBITDA Margins
Compare Industry's EBITDA margin to Sfix'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 2 Q 2023 within the Tire Manufacturing Industry

Tire Manufacturing Industry Operating Loss decreased compare to previous quarter.

On the trailing twelve months basis operating margin in 2 Q 2023 fell to 1.96 %.

Within Consumer Discretionary sector 7 other industries have achieved higher operating margin. Operating margin total ranking has deteriorated compare to previous quarter from 98 to 100.



Operating Margin Statistics
High Average Low
14.83 % 5.27 % -28.96 %
2. quarter 2016   2. quarter 2020

Operating Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 8
Overall # 100

Tire Manufacturing Industry Pre-Tax Margin Statistics

 


Pre-Tax Margin Statistics
High Average Low
14.3 % 2.78 % -33.91 %
2. quarter 2016   2. quarter 2020

Comment on the 2 Q 2023 Pre-Tax Margin in the Tire Manufacturing Industry

Tire Manufacturing Industry Pre-Tax Loss decreased compare to previous quarter.



Within Consumer Discretionary sector 8 other industries have achieved higher Pre-Tax Margin. Pre-Tax Margin total ranking has deteriorated compare to previous quarter from 98 to 100.
Pre-Tax Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 9
Overall # 100

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


Tire Manufacturing Industry Net Margin Statistics

 





Net Margin Comment on the 2 Q 2023 in the Tire Manufacturing Industry

Tire Manufacturing Industry Net Loss decreased compare to previous quarter.



Within Consumer Discretionary sector 7 other industries have achieved higher Net margin. Net margin total ranking has deteriorated compare to previous quarter from 98 to 101.

Net Margin Statistics
High Average Low
48.88 % 2.78 % -26.84 %
4. quarter 2014   2. quarter 2020
Net Margin Industry Ranking
Within: No.
Consumer Discretionary Sector # 8
Overall # 101

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





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