Howmet Aerospace Inc (HWM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 765,000 | 469,000 | 258,000 | 261,000 | 470,000 |
| Revenue | US$ in thousands | 6,422,000 | 5,433,000 | 4,565,000 | 4,881,000 | 13,875,000 |
| Net profit margin | 11.91% | 8.63% | 5.65% | 5.35% | 3.39% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $765,000K ÷ $6,422,000K
= 11.91%
The net profit margin of Howmet Aerospace Inc has shown a consistent growth trend over the past five years. The company's net profit margin has increased from 3.36% in 2019 to 11.49% in 2023, reflecting an improvement in the company's ability to generate profits relative to its revenue. This indicates that Howmet Aerospace has become more efficient in managing its expenses and optimizing its revenue streams. The steady growth in net profit margin suggests that the company has been successful in controlling costs and increasing profitability over the years, which is a positive indicator of its financial health and operational efficiency.
Peer comparison
Dec 31, 2023