Dril-Quip Inc (DRQ)
Net profit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 604 | 422 | 20,745 | 11,692 | 443 | -64,647 | -89,079 | -102,576 | -127,996 | -75,822 | -50,353 | -45,428 | -30,768 | -12,114 | -27,750 | -11,927 | 1,720 | -80,592 | -89,640 | -94,363 |
| Revenue (ttm) | US$ in thousands | 424,060 | 394,530 | 365,427 | 369,798 | 362,070 | 343,168 | 338,024 | 324,843 | 322,945 | 332,267 | 340,565 | 350,214 | 364,973 | 386,193 | 403,125 | 416,487 | 414,806 | 403,687 | 388,717 | 379,770 |
| Net profit margin | 0.14% | 0.11% | 5.68% | 3.16% | 0.12% | -18.84% | -26.35% | -31.58% | -39.63% | -22.82% | -14.79% | -12.97% | -8.43% | -3.14% | -6.88% | -2.86% | 0.41% | -19.96% | -23.06% | -24.85% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $604K ÷ $424,060K
= 0.14%
Dril-Quip, Inc.'s net profit margin has shown fluctuating trends over the past eight quarters. In Q4 2023, the company reported a modest net profit margin of 0.14%, indicating that the company retained $0.14 in profit for every dollar of revenue generated. This represents a slight improvement compared to the previous quarter but is lower than the net profit margins seen in Q2 and Q1 2023.
The significant negative net profit margin in Q3 and Q2 2022 (-18.28% and -26.35% respectively) reflects challenges faced by the company during that period. However, there seems to have been a recovery since then, with the net profit margins gradually improving in subsequent quarters.
It is essential for Dril-Quip, Inc. to closely monitor and manage its expenses and revenue generation strategies to sustain and potentially enhance its net profit margins in the future. Continued positive trends in net profit margin can indicate better operational efficiency and profitability for the company.
Peer comparison
Dec 31, 2023