Helix Energy Solutions Group Inc (HLX)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	219,564	200,356	50,616	15,393	79,909
Revenue	US$ in thousands	1,358,560	1,289,730	873,100	674,728	733,555
Gross profit margin		16.16%	15.53%	5.80%	2.28%	10.89%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $219,564K ÷ $1,358,560K
= 16.16%

Based on the data provided, Helix Energy Solutions Group Inc's gross profit margin has fluctuated over the past five years. In December 31, 2020, the gross profit margin stood at 10.89%, showing a reasonable level of profitability. However, there was a significant drop in the gross profit margin to 2.28% as of December 31, 2021, which could indicate challenges in managing production costs or pricing strategies.

Subsequently, there was a moderate improvement in the gross profit margin to 5.80% by December 31, 2022, suggesting some efforts to enhance operational efficiency. The gross profit margin then saw a substantial increase to 15.53% by December 31, 2023, indicating a significant turnaround in profitability, potentially driven by effective cost control measures or increased revenue generation.

By the end of December 31, 2024, the gross profit margin further improved to 16.16%, demonstrating continued positive momentum in profitability for Helix Energy Solutions Group Inc. Overall, the fluctuations in the gross profit margin over the five-year period highlight the company's ability to adapt to changing market conditions and implement strategies to optimize profitability.