Howmet Aerospace Inc (HWM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,383,000 | 975,000 | 606,000 | 324,000 | 171,000 |
| Revenue | US$ in thousands | 7,430,000 | 6,640,000 | 5,663,000 | 4,972,000 | 5,259,000 |
| Pretax margin | 18.61% | 14.68% | 10.70% | 6.52% | 3.25% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,383,000K ÷ $7,430,000K
= 18.61%
The pretax margin of Howmet Aerospace Inc has shown a consistent positive trend over the years based on the data provided.
As of December 31, 2020, the pretax margin was 3.25%, which then more than doubled by December 31, 2021, reaching 6.52%. Subsequently, the pretax margin continued its upward trajectory, increasing to 10.70% by December 31, 2022, and further to 14.68% by December 31, 2023. The most recent data point, as of December 31, 2024, indicates a pretax margin of 18.61%.
This progression in the pretax margin suggests that Howmet Aerospace Inc has been effective in managing its operating expenses and generating higher levels of profitability before accounting for taxes. The consistent rise in pretax margin reflects the company's ability to improve its operational efficiency and effectively convert revenues into profits over the specified period.
Peer comparison
Dec 31, 2024