Howmet Aerospace Inc (HWM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,203,000 | 919,000 | 748,000 | 626,000 | 579,000 |
| Revenue | US$ in thousands | 6,422,000 | 5,433,000 | 4,565,000 | 4,881,000 | 13,875,000 |
| Operating profit margin | 18.73% | 16.92% | 16.39% | 12.83% | 4.17% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,203,000K ÷ $6,422,000K
= 18.73%
The operating profit margin of Howmet Aerospace Inc has shown a consistent upward trend over the past five years, indicating improved operational efficiency and profitability. The margin increased from 11.66% in 2019 to 18.46% in 2023, reflecting a positive trajectory in the company's ability to generate profits from its core business activities. This steady growth suggests that Howmet Aerospace has been effectively managing its operating costs and enhancing revenue streams. Overall, the improving operating profit margin signifies a stronger financial performance and competitive position for the company in the industry.
Peer comparison
Dec 31, 2023