HYREQ (HyreCar) Net Margin %: -52.46% (As of Sep. 2022)


HYREQ HyreCar Inc HYREQ
12 GF Score
Price $0.00
View Full Analysis

What is HyreCar Net Margin %?

HyreCar HYREQ -90.00% 12 Net Margin % is -52.46% as of Sep. 2022. GuruFocus rates HYREQ with a GF Score™ of 12/100.

Net margin is calculated as Net Income divided by its Revenue. HyreCar's Net Income for the three months ended in Sep. 2022 was $-5.39 Mil. HyreCar's Revenue for the three months ended in Sep. 2022 was $10.27 Mil. Therefore, HyreCar's net margin for the quarter that ended in Sep. 2022 was -52.46%.

The historical rank and industry rank for HyreCar's Net Margin % or its related term are showing as below:


HYREQ's Net Margin % is not ranked *
in the Business Services industry.
Industry Median: 3.82
* Ranked among companies with meaningful Net Margin % only.

HyreCar  (OTCPK:HYREQ) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

HyreCar Net Margin % Related Terms

HyreCar Net Margin % Historical Data

* Premium members only.

The historical data trend for HyreCar's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HyreCar Net Margin % Chart

HyreCar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Margin %
Get a 7-Day Free Trial -132.51 -115.00 -78.95 -60.32 -72.67

HyreCar Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -63.71 -34.14 -55.77 -41.67 -52.46

HYREQ vs MTMT, FPAY, YAYO: Net Margin % Comparison

For the Rental & Leasing Services subindustry, HyreCar's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HyreCar Net Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, HyreCar's Net Margin % distribution charts can be found below:

* The bar in red indicates where HyreCar's Net Margin % falls into.


HYREQ
12GF Score
HyreCar Inc HYREQ
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HyreCar Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

HyreCar's Net Margin for the fiscal year that ended in Dec. 2021 is calculated as

Net Margin=Net Income (A: Dec. 2021 )/Revenue (A: Dec. 2021 )
=-25.954/35.716
=-72.67 %

HyreCar's Net Margin for the quarter that ended in Sep. 2022 is calculated as

Net Margin=Net Income (Q: Sep. 2022 )/Revenue (Q: Sep. 2022 )
=-5.389/10.272
=-52.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -52.46% mean?
HyreCar (HYREQ) has a Net Margin % of -52.46% as of Sep. 2022. Net margin is the ratio of total net income to net sales. View historical data on HyreCar and its competitors.
Is HyreCar's Net Margin % too high?
HyreCar's current Net Margin % is -52.46%. Overall, HyreCar has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does HyreCar's Net Margin % compare to MTMT and FPAY?
HyreCar's Net Margin % of -52.46% can be compared against companies in the Business Services industry. The industry median Net Margin % is 3.82. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Business Services company?
The median Net Margin % among Business Services companies is 3.82, based on 1,074 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on HyreCar and its competitors. For the Business Services industry, the median Net Margin % is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HyreCar's current Net Margin % is -52.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HyreCar stock overvalued right now?
HyreCar (HYREQ) has a current Net Margin % of -52.46%. The current Net Margin % is -52.46%. HyreCar's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For HyreCar (HYREQ), the current Net Margin % is -52.46% as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

HyreCar Business Description

Address 915 Wilshire Boulevard, Suite 1950, Los Angeles, CA, USA, 90017
HyreCar Inc is a peer-to-peer car-sharing marketplace that allows car owners to rent their idle cars to ride-sharing service drivers. The company generates its revenue in the form of transaction fees, insurance fee, and from other sources such as referrals, motor vehicle record fees, late rental fees, and other fees charged to drivers in specific situations. It operates in a single segment, which is Rental.
12GF Score

Get the complete analysis for HYREQ

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00
Price