Allegheny Technologies Incorporated (ATI)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 367,500 | 298,700 | 284,100 | 170,100 | 130,900 | 24,200 | 11,800 | 600 | -38,200 | -1,129,400 | -1,228,200 | -1,601,600 | -1,572,600 | -395,100 | -234,000 | 263,700 | 257,600 | 242,200 | 181,700 | 179,400 |
| Revenue (ttm) | US$ in thousands | 4,174,000 | 4,019,000 | 4,025,400 | 3,938,900 | 3,710,300 | 3,397,000 | 3,104,400 | 2,761,100 | 2,645,000 | 2,707,600 | 2,566,200 | 2,698,800 | 2,963,100 | 3,301,800 | 3,790,600 | 4,143,700 | 4,190,500 | 4,231,400 | 4,164,800 | 4,072,400 |
| Net profit margin | 8.80% | 7.43% | 7.06% | 4.32% | 3.53% | 0.71% | 0.38% | 0.02% | -1.44% | -41.71% | -47.86% | -59.34% | -53.07% | -11.97% | -6.17% | 6.36% | 6.15% | 5.72% | 4.36% | 4.41% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $367,500K ÷ $4,174,000K
= 8.80%
The net profit margin of ATI Inc has shown a positive trend over the past eight quarters, indicating increasing profitability for the company. The net profit margin has steadily improved from 0.02% in Q1 2022 to 9.84% in Q4 2023. This upward trajectory suggests that ATI Inc has been effectively managing its expenses and generating higher earnings relative to its revenue.
The most significant improvement in the net profit margin occurred between Q3 2022 and Q4 2022, where there was a notable jump from 0.36% to 3.41%. This could indicate successful cost management strategies or revenue growth initiatives implemented by the company during that period.
Overall, the consistent growth in net profit margin reflects positively on ATI Inc's operational efficiency and financial performance. It indicates that the company has been able to generate higher profits from its operations as a percentage of its total revenue, which is a key indicator of sustainable business profitability.