Howmet Aerospace Inc (HWM)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 765,000 | 640,000 | 532,000 | 486,000 | 469,000 | 435,000 | 382,000 | 309,000 | 258,000 | 287,000 | 296,000 | 126,000 | 261,000 | 464,000 | 523,000 | 498,000 | 470,000 | 379,000 | 445,000 | 686,000 |
| 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 |
| Net profit margin | 11.89% | 10.35% | 8.91% | 8.51% | 8.63% | 8.36% | 7.75% | 6.58% | 5.65% | 6.26% | 6.52% | 2.77% | 4.00% | 5.34% | 4.68% | 3.62% | 3.31% | 2.66% | 3.13% | 4.86% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $765,000K ÷ $6,433,000K
= 11.89%
The net profit margin of Howmet Aerospace Inc has shown a generally positive trend over the past eight quarters. The margin has been increasing steadily from Q1 2022 (6.03%) to Q4 2023 (11.49%), indicating an improving profitability over time. This suggests that the company has been effectively managing its expenses relative to its revenue, resulting in a higher percentage of revenue translating into net profit.
The consistent growth in net profit margin reflects the company's ability to enhance operational efficiency and maximize profitability. Investors and stakeholders may view this trend positively as it indicates a healthy financial performance and sustainable profitability. Monitoring this metric over time can provide valuable insights into the company's financial health and management effectiveness.
Peer comparison
Dec 31, 2023