Amentum Holdings Inc. (AMTM)
Net profit margin
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | -82,000 | 233,000 | 223,000 |
| Revenue | US$ in thousands | 8,343,000 | 5,536,000 | 5,183,000 |
| Net profit margin | -0.98% | 4.21% | 4.30% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-82,000K ÷ $8,343,000K
= -0.98%
The net profit margin of Amentum Holdings Inc. has shown some fluctuations over the past few years. As of December 31, 2022, the net profit margin stood at 4.30%, indicating that the company was able to convert 4.30% of its total revenue into net profit. This demonstrates a reasonable level of efficiency in managing expenses and generating profits.
By December 31, 2023, the net profit margin slightly decreased to 4.21%, suggesting a minor decline in the company's profitability compared to the previous year. Despite this decrease, the margin remained relatively stable, indicating that Amentum Holdings Inc. continued to effectively control costs and maintain a healthy level of profitability.
However, as of September 30, 2024, the net profit margin significantly declined to -0.98%, indicating that the company incurred a net loss equivalent to 0.98% of its total revenue. This negative net profit margin may raise concerns about the company's ability to generate profits and cover its expenses efficiently during that period.
Overall, while Amentum Holdings Inc. has shown varying levels of profitability over the years, it is important for the company to closely monitor and manage its costs and revenues to ensure sustainable financial performance in the future.
Peer comparison
Sep 30, 2024