Howmet Aerospace Inc (HWM)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,020,000 | 886,000 | 816,000 | 779,000 | 728,000 | 645,000 | 489,000 | 404,000 | 335,000 | 1,487,000 | 1,462,000 | 1,286,000 | 1,499,000 | 3,662,000 | 4,005,000 | 4,007,000 | 6,893,000 | 6,964,000 | 9,873,000 | 13,193,000 |
| Revenue (ttm) | US$ in thousands | 6,433,000 | 6,183,000 | 5,969,000 | 5,711,000 | 5,433,000 | 5,204,000 | 4,929,000 | 4,699,000 | 4,565,000 | 4,582,000 | 4,540,000 | 4,551,000 | 6,523,000 | 8,686,000 | 11,183,000 | 13,758,000 | 14,192,000 | 14,263,000 | 14,228,000 | 14,110,000 |
| Gross profit margin | 15.86% | 14.33% | 13.67% | 13.64% | 13.40% | 12.39% | 9.92% | 8.60% | 7.34% | 32.45% | 32.20% | 28.26% | 22.98% | 42.16% | 35.81% | 29.12% | 48.57% | 48.83% | 69.39% | 93.50% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,020,000K ÷ $6,433,000K
= 15.86%
The gross profit margin of Howmet Aerospace Inc has shown slight fluctuations over the past eight quarters. The margin ranged from 26.96% to 28.12%, with Q4 2023 recording the highest margin at 28.12% and Q2 2023 the lowest at 26.96%. Despite the variations, the margins have generally remained within a relatively narrow band, reflecting consistent management of production costs and pricing strategies. Overall, the company has maintained a stable gross profit margin performance over the analyzed period.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Howmet Aerospace Inc
HWM
15.86%
Kaiser Aluminum Corporation
KALU
8.96%
Mueller Industries Inc
MLI
28.82%
Quanex Building Products
NX
12.05%