Howmet Aerospace Inc (HWM)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 975,000 | 853,000 | 715,000 | 655,000 | 606,000 | 536,000 | 455,000 | 382,000 | 324,000 | 317,000 | 282,000 | 74,000 | 221,000 | 539,000 | 751,000 | 596,000 | 593,000 | 323,000 | 372,000 | 819,000 |
| 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 |
| Pretax margin | 15.16% | 13.80% | 11.98% | 11.47% | 11.15% | 10.30% | 9.23% | 8.13% | 7.10% | 6.92% | 6.21% | 1.63% | 3.39% | 6.21% | 6.72% | 4.33% | 4.18% | 2.26% | 2.61% | 5.80% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $975,000K ÷ $6,433,000K
= 15.16%
Howmet Aerospace Inc's pretax margin has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's profitability before taxes. The pretax margin has increased from 7.51% in Q1 2022 to 14.68% in Q4 2023, reflecting the company's ability to generate more earnings relative to its revenue.
The steady increase in the pretax margin suggests that Howmet Aerospace has been effectively managing its operating expenses and generating higher returns on its sales. This improving trend is a positive indicator of the company's financial health and efficiency in generating profits.
Overall, the pretax margin analysis indicates that Howmet Aerospace has been on a positive trajectory in terms of profitability before taxes, which could potentially lead to increased shareholder value and sustainable growth in the future.
Peer comparison
Dec 31, 2023