American Axle & Manufacturing (AXL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 146,600 | 243,900 | 240,600 | -396,000 | -301,600 |
| Revenue | US$ in thousands | 6,079,500 | 5,802,400 | 5,156,600 | 4,710,800 | 6,530,900 |
| Operating profit margin | 2.41% | 4.20% | 4.67% | -8.41% | -4.62% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $146,600K ÷ $6,079,500K
= 2.41%
The operating profit margin of American Axle & Manufacturing Holdings Inc has shown fluctuations over the past five years. In 2019, the company achieved the highest operating profit margin of 6.78%, indicating that for every dollar of sales, the company generated a profit of $0.0678. However, the margin declined in the following years, reaching its lowest point in 2023 at 2.83%. This decrease suggests potential challenges in managing operating expenses or pricing strategies, which impacted the company's profitability. Further analysis is needed to understand the specific factors driving these changes in the operating profit margin and to assess the overall operational efficiency of American Axle & Manufacturing Holdings Inc.
Peer comparison
Dec 31, 2023