Howmet Aerospace Inc (HWM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,311,000 | 1,867,000 | 1,560,000 | 1,376,000 | 1,381,000 |
| Revenue | US$ in thousands | 7,430,000 | 6,640,000 | 5,663,000 | 4,972,000 | 5,259,000 |
| Gross profit margin | 31.10% | 28.12% | 27.55% | 27.67% | 26.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,311,000K ÷ $7,430,000K
= 31.10%
The gross profit margin of Howmet Aerospace Inc has shown a positive trend over the past five years, increasing from 26.26% as of December 31, 2020, to 31.10% as of December 31, 2024. This indicates that the company has been able to improve its efficiency in managing direct production costs and generating higher gross profits from its revenue.
The steady growth in the gross profit margin reflects Howmet Aerospace's ability to effectively control its cost of goods sold and enhance its pricing strategies to maintain healthy margins. The company's consistent improvement in this metric demonstrates strong operational performance and likely effective cost management initiatives.
Overall, the increasing trend in the gross profit margin of Howmet Aerospace Inc signifies positive financial health and operational efficiency, suggesting that the company has been successful in optimizing its production processes and maximizing profitability over the analyzed period.
Peer comparison
Dec 31, 2024