Howmet Aerospace Inc (HWM)
Gross profit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,175,000 | 2,074,000 | 1,967,000 | 1,895,000 | 1,867,000 | 1,769,000 | 1,671,000 | 1,625,000 | 1,560,000 | 1,504,000 | 1,482,000 | 1,414,000 | 1,376,000 | 1,395,000 | 1,274,000 | 1,266,000 | 1,663,000 | 2,028,000 | 2,553,000 | 2,975,000 |
| Revenue (ttm) | US$ in thousands | 7,430,000 | 7,270,000 | 7,093,000 | 6,861,000 | 6,640,000 | 6,422,000 | 6,197,000 | 5,942,000 | 5,663,000 | 5,435,000 | 5,285,000 | 5,087,000 | 4,972,000 | 4,925,000 | 4,776,000 | 4,834,000 | 6,834,000 | 8,997,000 | 11,422,000 | 13,860,000 |
| Gross profit margin | 29.27% | 28.53% | 27.73% | 27.62% | 28.12% | 27.55% | 26.96% | 27.35% | 27.55% | 27.67% | 28.04% | 27.80% | 27.67% | 28.32% | 26.68% | 26.19% | 24.33% | 22.54% | 22.35% | 21.46% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,175,000K ÷ $7,430,000K
= 29.27%
The gross profit margin of Howmet Aerospace Inc has shown a generally increasing trend over the past few years, indicating improving profitability in its core operations.
Starting at 21.46% as of March 31, 2020, the gross profit margin gradually increased to 29.27% by December 31, 2024. There were fluctuations in the interim periods, with peaks and troughs observed in the data.
The company managed to achieve its highest gross profit margin of 29.27% by the end of 2024, showing efficient cost management and potentially higher pricing power. However, it is noteworthy that there was a slight decrease in the gross profit margin in the last quarter of 2024 compared to the previous quarter.
Overall, the increasing trend in the gross profit margin indicates the company's ability to control its production costs and generate higher revenues from its core business activities. Investors and analysts may view this positively as an indicator of improving operational efficiency and profitability for Howmet Aerospace Inc.
Peer comparison
Dec 31, 2024