American Axle & Manufacturing (AXL)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 691,400 | 664,100 | 623,400 | 607,800 | 596,400 | 636,600 | 683,400 | 678,700 | 704,900 | 677,700 | 665,900 | 682,400 | 722,700 | 819,200 | 903,400 | 614,500 | 582,700 | 529,600 | 528,500 | 875,700 |
| Revenue (ttm) | US$ in thousands | 6,124,900 | 6,207,100 | 6,254,100 | 6,192,500 | 6,079,500 | 6,009,200 | 5,992,500 | 5,860,100 | 5,802,400 | 5,644,800 | 5,322,700 | 5,167,700 | 5,156,600 | 5,359,400 | 5,560,400 | 4,792,400 | 4,710,800 | 4,702,900 | 4,966,200 | 6,155,200 |
| Gross profit margin | 11.29% | 10.70% | 9.97% | 9.82% | 9.81% | 10.59% | 11.40% | 11.58% | 12.15% | 12.01% | 12.51% | 13.21% | 14.02% | 15.29% | 16.25% | 12.82% | 12.37% | 11.26% | 10.64% | 14.23% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $691,400K ÷ $6,124,900K
= 11.29%
The gross profit margin of American Axle & Manufacturing has shown fluctuations over the provided time period, ranging from a low of 9.81% on December 31, 2023, to a high of 16.25% on June 30, 2021. The margin measures the proportion of revenue that exceeds the cost of goods sold, indicating how efficiently the company is generating profits from its core business activities.
The trend in the gross profit margin indicates that there have been variations in the company's ability to control production costs and pricing strategies during different quarters. The margin peaked in the second quarter of 2021 but has since declined, showing some inconsistency in maintaining profitability.
Overall, while the gross profit margin has experienced fluctuations, it generally remained above 10%, which signifies that American Axle & Manufacturing has been able to effectively manage its production costs relative to its revenue, although there may be room for improvement in achieving more consistent and higher profitability levels.
Peer comparison
Dec 31, 2024