Allegheny Technologies Incorporated (ATI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 898,200 | 802,600 | 714,200 | 333,200 | 292,800 |
| Revenue | US$ in thousands | 4,362,100 | 7,544,800 | 3,836,000 | 2,799,800 | 2,982,100 |
| Gross profit margin | 20.59% | 10.64% | 18.62% | 11.90% | 9.82% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $898,200K ÷ $4,362,100K
= 20.59%
The gross profit margin of Allegheny Technologies Incorporated has shown fluctuations over the years. In 2020, the gross profit margin was 9.82%, indicating that for every dollar of revenue, the company retained $0.0982 as gross profit.
By the end of 2021, the gross profit margin increased to 11.90%, reflecting an improvement in the company's ability to control direct production costs. This trend continued in 2022, where the gross profit margin surged to 18.62%, suggesting increased efficiency and profitability in production processes.
However, in 2023, the gross profit margin dropped to 10.64%, indicating a potential increase in production costs relative to revenue during that period. The following year, in 2024, the gross profit margin significantly rebounded to 20.59%, signaling a strong performance in generating gross profit compared to revenue.
Overall, while there have been fluctuations in Allegheny Technologies Incorporated's gross profit margin over the years, the general trend seems to be towards improvement and higher profitability in recent years, which could be indicative of the company's efforts to enhance operational efficiency and cost management.