American Axle & Manufacturing (AXL)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	62,800	56,400	39,100	17,000	-24,500	6,800	47,000	57,200	66,300	-300	-37,100	-42,200	1,200	99,800	210,500	-65,000	-610,300	-1,126,200	-1,385,400	-1,069,600
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
Pretax margin		1.03%	0.91%	0.63%	0.27%	-0.40%	0.11%	0.78%	0.98%	1.14%	-0.01%	-0.70%	-0.82%	0.02%	1.86%	3.79%	-1.36%	-12.96%	-23.95%	-27.90%	-17.38%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $62,800K ÷ $6,124,900K
= 1.03%

The pretax margin of American Axle & Manufacturing has shown a fluctuating trend over the past years, starting with negative values in early 2020 reaching as low as -27.90% in June 2020. From that point, there was a gradual improvement with the margin moving towards positive territory. By June 2021, the company managed to achieve a pretax margin of 3.79%, indicating a notable recovery.

Although there were slight fluctuations in the following periods, the company maintained its pretax margin above zero, signifying operational efficiency and effective cost management. By the end of December 2024, the pretax margin had improved further, reaching 1.03%.

Overall, the trend reflects a positive turnaround in American Axle & Manufacturing's profitability, with the company successfully navigating challenging periods to achieve healthier margins in recent years.