American Axle & Manufacturing (AXL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -33,600 | 64,300 | 5,900 | -561,300 | -484,500 |
| Revenue | US$ in thousands | 6,079,500 | 5,802,400 | 5,156,600 | 4,710,800 | 6,530,900 |
| Net profit margin | -0.55% | 1.11% | 0.11% | -11.92% | -7.42% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-33,600K ÷ $6,079,500K
= -0.55%
American Axle & Manufacturing Holdings Inc's net profit margin has fluctuated over the past five years, ranging from as low as -11.92% in 2020 to as high as 1.06% in 2022. The company experienced negative net profit margins in both 2019 and 2020, indicating struggles in generating profits relative to its revenue. However, there was a significant improvement in 2022, with a positive net profit margin of 1.06%, suggesting better control over costs and improved profitability.
In 2023, the net profit margin decreased to -0.55%, indicating a slight decrease in profitability compared to the previous year. It is important for the company to continue monitoring and managing its expenses and revenue streams to ensure sustainable growth and profitability in the future.
Peer comparison
Dec 31, 2023