American Axle & Manufacturing (AXL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 741,400 | 624,300 | 704,900 | 722,700 | 582,700 |
| Revenue | US$ in thousands | 6,124,900 | 6,079,500 | 5,802,400 | 5,156,600 | 4,710,800 |
| Gross profit margin | 12.10% | 10.27% | 12.15% | 14.02% | 12.37% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $741,400K ÷ $6,124,900K
= 12.10%
The gross profit margin of American Axle & Manufacturing has shown some fluctuations over the last five years. The margin was 12.37% as of December 31, 2020, increased to 14.02% by December 31, 2021, but then decreased to 12.15% by December 31, 2022. Subsequently, the margin dropped further to 10.27% by December 31, 2023, before recovering slightly to 12.10% by December 31, 2024.
Overall, while there have been some ups and downs in the gross profit margin of American Axle & Manufacturing, it's essential for the company to monitor and manage this metric effectively to ensure profitability and competitiveness in the industry.
Peer comparison
Dec 31, 2024