Allegheny Technologies Incorporated (ATI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 410,800 | 130,900 | -38,200 | -1,572,600 | 252,500 |
| Revenue | US$ in thousands | 4,050,200 | 3,594,600 | 2,646,300 | 2,858,800 | 4,079,500 |
| Net profit margin | 10.14% | 3.64% | -1.44% | -55.01% | 6.19% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $410,800K ÷ $4,050,200K
= 10.14%
ATI Inc's net profit margin has shown significant fluctuations over the past five years, indicating varying levels of profitability and efficiency in generating profits from its revenue. The company's net profit margin was positive and relatively healthy in 2019 at 6.25%. However, in 2020, the net profit margin sharply declined to -52.73%, indicating a significant loss.
The company's performance improved in 2021 with a negative net profit margin of -1.36%, showing some recovery. Subsequently, in 2022, ATI Inc's net profit margin increased to 3.41%, reflecting a return to profitability. The most recent data for 2023 shows a further improvement in profitability, with a net profit margin of 9.84%.
These fluctuations in net profit margin suggest variability in the company's financial performance and operational efficiency. It is essential for ATI Inc to continue monitoring and managing its expenses and revenue generation to sustain and improve its profitability in the future.