Dril-Quip Inc (DRQ)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 604 | -1,624 | -127,996 | -30,768 | 1,720 |
| Revenue | US$ in thousands | 424,060 | 361,924 | 322,945 | 364,973 | 414,806 |
| Net profit margin | 0.14% | -0.45% | -39.63% | -8.43% | 0.41% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $604K ÷ $424,060K
= 0.14%
Dril-Quip, Inc.'s net profit margin has fluctuated over the past five years. In 2023 and 2022, the company's net profit margin improved slightly to 0.14% and 0.12%, respectively, indicating a marginal increase in profitability. However, in 2021, the net profit margin was significantly negative at -39.63%, reflecting a substantial loss compared to the previous years.
The company also experienced a negative net profit margin in 2020 at -8.43%, although it was less severe than in 2021. In 2019, Dril-Quip, Inc. had a positive net profit margin of 0.41%, indicating profitability but at a lower level compared to the most recent years.
Overall, the fluctuating net profit margin performance suggests inconsistencies in Dril-Quip, Inc.'s ability to generate profits efficiently in recent years. Further analysis of the company's cost structure, revenue generation, and overall financial health may be warranted to understand the factors driving these variations in profitability.
Peer comparison
Dec 31, 2023