Howmet Aerospace Inc (HWM)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,203,000 | 1,097,000 | 1,018,000 | 974,000 | 919,000 | 846,000 | 823,000 | 789,000 | 748,000 | 822,000 | 690,000 | 557,000 | 626,000 | 690,000 | 873,000 | 623,000 | 739,000 | 227,000 | 316,000 | 816,000 |
| 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 |
| Operating profit margin | 18.70% | 17.74% | 17.05% | 17.05% | 16.92% | 16.26% | 16.70% | 16.79% | 16.39% | 17.94% | 15.20% | 12.24% | 9.60% | 7.94% | 7.81% | 4.53% | 5.21% | 1.59% | 2.22% | 5.78% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,203,000K ÷ $6,433,000K
= 18.70%
Based on the data provided, the operating profit margin of Howmet Aerospace Inc has shown relatively stable performance over the past eight quarters. The operating profit margin has ranged from 17.04% to 18.46% during this period.
In Q4 2023, the operating profit margin reached its peak at 18.46%, representing the highest level of profitability during the analyzed quarters. Conversely, the lowest operating profit margin was recorded in Q3 2022 at 17.04%.
Overall, the operating profit margin of Howmet Aerospace Inc has generally remained above 17% throughout the quarters, indicating that the company has been effectively managing its operating expenses relative to its revenue. This stable performance suggests that Howmet Aerospace Inc has maintained a consistent level of profitability over the analyzed period.
Peer comparison
Dec 31, 2023