Legislation regarding greenhouse gas emissions forces automotive manufacturers to bring forth new and innovative materials and structures for weight reduction of the body-in-white. The present work evaluates a lightweight ultra high strength steel sandwich concept, with perforated cores, for energy absorption applications. Hat-profile geometries, subjected to crushing, are studied numerically to evaluate specific energy absorption for the sandwich concept and solid hat-profiles of equivalent weight. Precise discretization of the perforated core requires large computational power. In the present work, this is addressed by homogenization, replacing the perforated core with a homogeneous material with equivalent mechanical properties. Input data for the equivalent material is obtained by analyzing a representative volume element, subjected to in-plane loading and out-of-plane bending/twisting using periodic boundary conditions. The homogenized sandwich reduces the number of finite elements and thereby computational time with approximately 95%, while maintaining accuracy with respect to force–displacement response and energy absorption. It is found that specific energy absorption is increased with 8–17%, when comparing solid and sandwich hat profiles of equivalent weight, and that a weight saving of at least 6% is possible for equivalent performance.