American Axle & Manufacturing (AXL)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 35,000 | -33,600 | 64,300 | 5,900 | -561,100 |
| Revenue | US$ in thousands | 6,124,900 | 6,079,500 | 5,802,400 | 5,156,600 | 4,710,800 |
| Net profit margin | 0.57% | -0.55% | 1.11% | 0.11% | -11.91% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $35,000K ÷ $6,124,900K
= 0.57%
American Axle & Manufacturing's net profit margin has shown fluctuations over the past few years. In 2020, the net profit margin was negative, indicating that the company incurred a loss relative to its revenue. However, by the end of 2021, the net profit margin improved marginally to 0.11%, signaling a slight profitability. This trend continued into 2022 and 2024, with the net profit margin steadily increasing to 1.11% and 0.57% respectively.
Despite these improvements, the company experienced a setback in 2023, where the net profit margin dropped to -0.55%, signaling a decrease in profitability. Overall, American Axle & Manufacturing has managed to navigate through varying levels of profitability, showcasing both positive and negative trends in its net profit margin over the specified period.
Peer comparison
Dec 31, 2024