American Axle & Manufacturing (AXL)

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	-33,600	-600	43,300	58,200	64,300	4,100	-24,800	-31,700	5,900	88,200	207,800	-21,400	-561,300	-1,051,700	-1,293,100	-1,027,400	-484,500	-391,900	-203,900	-105,300
Revenue (ttm)	US$ in thousands	6,082,900	5,993,300	5,982,700	5,857,600	5,803,400	5,698,900	5,340,500	5,177,100	5,158,900	5,356,300	5,579,500	4,808,200	4,722,100	4,702,800	4,965,800	6,209,400	6,644,200	6,735,600	6,934,600	7,131,200
Net profit margin		-0.55%	-0.01%	0.72%	0.99%	1.11%	0.07%	-0.46%	-0.61%	0.11%	1.65%	3.72%	-0.45%	-11.89%	-22.36%	-26.04%	-16.55%	-7.29%	-5.82%	-2.94%	-1.48%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-33,600K ÷ $6,082,900K
= -0.55%

American Axle & Manufacturing Holdings Inc's net profit margin has shown fluctuating trends over the past eight quarters. In Q1 2023 and Q2 2023, the company displayed positive net profit margins of 0.95% and 0.69%, respectively. However, in the subsequent quarters, the net profit margin decreased, reaching -0.55% in Q4 2023. This declining trend indicates that the company's profitability has weakened towards the end of the period under consideration. The negative net profit margins in some quarters, such as Q4 2023, Q1 2022, and Q4 2022, suggest that the company may be facing challenges in generating sufficient profits relative to its revenue. Overall, the inconsistent performance of American Axle & Manufacturing Holdings Inc in terms of net profit margin highlights the importance of closely monitoring the company's profitability trends in the future.