Howmet Aerospace Inc (HWM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,155,000 | 765,000 | 469,000 | 258,000 | 261,000 |
| Revenue | US$ in thousands | 7,430,000 | 6,640,000 | 5,663,000 | 4,972,000 | 5,259,000 |
| Net profit margin | 15.55% | 11.52% | 8.28% | 5.19% | 4.96% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,155,000K ÷ $7,430,000K
= 15.55%
The net profit margin of Howmet Aerospace Inc has shown a positive trend over the years, reflecting an improvement in the company's profitability. From 4.96% in December 31, 2020, the net profit margin has steadily increased to 15.55% by December 31, 2024. This indicates that the company has been able to effectively control its costs and expenses relative to its revenue, resulting in a higher proportion of revenue translating into net profit. The substantial increase in net profit margin from 2020 to 2024 suggests that Howmet Aerospace Inc has been successful in enhancing its operational efficiency and financial performance over the years.
Peer comparison
Dec 31, 2024