Amentum Holdings Inc. (AMTM)
Gross profit margin
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 172,000 | 771,000 | 754,000 |
| Revenue | US$ in thousands | 8,343,000 | 5,536,000 | 5,183,000 |
| Gross profit margin | 2.06% | 13.93% | 14.55% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $172,000K ÷ $8,343,000K
= 2.06%
Based on the provided data, Amentum Holdings Inc.'s gross profit margin has shown a declining trend over the reported periods.
As of December 31, 2022, the company's gross profit margin stood at 14.55%, indicating that for every dollar of revenue generated, the company retained approximately $0.1455 as gross profit after deducting the cost of goods sold.
However, by December 31, 2023, the gross profit margin had decreased to 13.93%, suggesting a slight erosion in the profitability of the company's core operations. This decrease could be attributed to various factors such as increased costs of goods sold or pricing pressures in the market.
The most recent data point, as of September 30, 2024, shows a significant drop in Amentum Holdings Inc.'s gross profit margin to 2.06%. This sharp decline may raise concerns about the company's ability to effectively manage its production costs or maintain pricing power in the face of market dynamics.
Overall, the declining trend in gross profit margin for Amentum Holdings Inc. indicates potential challenges in maintaining profitability from its primary business activities. Further analysis of cost structures and revenue generation strategies may be warranted to address the observed trend and improve overall financial performance.
Peer comparison
Sep 30, 2024