Dril-Quip Inc (DRQ)

Operating 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
Operating income (ttm)	US$ in thousands	5,280	273	18,775	11,300	2,521	-68,685	-88,052	-98,847	-124,838	-64,810	-59,978	-52,819	-63,559	-45,867	-43,541	-33,916	2,803	-101,890	-116,196	-122,064
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
Operating profit margin		1.25%	0.07%	5.14%	3.06%	0.70%	-20.01%	-26.05%	-30.43%	-38.66%	-19.51%	-17.61%	-15.08%	-17.41%	-11.88%	-10.80%	-8.14%	0.68%	-25.24%	-29.89%	-32.14%

December 31, 2023 calculation

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

Dril-Quip, Inc.'s operating profit margin has shown a fluctuating trend over the past eight quarters. In Q4 2023, the operating profit margin improved to 0.33% compared to the negative margins reported in the previous three quarters. This signifies a positive trend in the company's ability to generate profits from its core operations.

The negative margins reported in Q3 2023, Q2 2023, and Q1 2023 indicate challenges faced by the company in controlling its operating expenses or generating sufficient revenue to cover its operational costs.

Comparing Q4 2023 to the same quarter in the prior year, there has been a significant improvement as the operating profit margin was -2.71% in Q4 2022. This suggests that the company has taken steps to enhance its operational efficiency and profitability.

The substantial negative margins reported in Q3 2022, Q2 2022, and Q1 2022 indicate a prolonged period of profitability challenges faced by the company during that time. However, the subsequent improvement in Q4 2022 and the further progress in Q4 2023 indicate potential positive developments in the company's operational performance.

Overall, while Dril-Quip, Inc. has experienced fluctuations in its operating profit margin over the past eight quarters, the recent improvement in Q4 2023 signals a positive trajectory in the company's ability to effectively manage its operating expenses and enhance its profitability.