Howmet Aerospace Inc (HWM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 975,000 | 606,000 | 324,000 | 221,000 | 554,000 |
| Revenue | US$ in thousands | 6,422,000 | 5,433,000 | 4,565,000 | 4,881,000 | 13,875,000 |
| Pretax margin | 15.18% | 11.15% | 7.10% | 4.53% | 3.99% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $975,000K ÷ $6,422,000K
= 15.18%
The pretax margin of Howmet Aerospace Inc has shown a positive trend over the past five years, indicating an improvement in the company's profitability before accounting for taxes. The pretax margin increased from 4.05% in 2019 to 14.68% in 2023, reflecting a significant enhancement in the company's ability to generate profits from its operations. This steady growth in pretax margin suggests that Howmet Aerospace has been effectively managing its costs and expenses while increasing its revenue streams. The company's performance in 2023 particularly stands out with a pretax margin of 14.68%, demonstrating a strong profitability position compared to the previous years. Overall, the trend in the pretax margin of Howmet Aerospace Inc indicates a strengthening financial performance and efficiency in managing its operations.
Peer comparison
Dec 31, 2023