Dril-Quip Inc (DRQ)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	5,280	454	-124,838	-63,559	2,803
Revenue	US$ in thousands	424,060	361,924	322,945	364,973	414,806
Operating profit margin		1.25%	0.13%	-38.66%	-17.41%	0.68%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $5,280K ÷ $424,060K
= 1.25%

Dril-Quip, Inc.'s operating profit margin has fluctuated over the past five years. In 2023, the company achieved an operating profit margin of 0.33%, indicating a slight increase compared to the previous year. However, it is noteworthy that in 2022 and 2021, the company reported negative operating profit margins of -2.71% and -15.34% respectively, reflecting challenges in generating profits from its core operations during those periods.

The performance in 2020 also showed a negative operating profit margin of -5.12%, suggesting continued operational difficulties. In contrast, in 2019, Dril-Quip, Inc. managed to achieve a positive operating profit margin of 1.37%, indicating a better operational performance compared to the subsequent years.

Overall, Dril-Quip, Inc.'s operating profit margin has been inconsistent, with a mix of positive and negative margins over the past five years. This indicates varying levels of efficiency and profitability in the company's core business operations during this period.