Helix Energy Solutions Group Inc (HLX)

Gross 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
Gross profit (ttm)	US$ in thousands	200,356	182,442	141,112	84,409	50,616	13,891	-22,324	-17,840	15,393	34,449	66,077	92,523	79,909	92,790	113,236	123,594	137,838	125,073	121,992	124,955
Revenue (ttm)	US$ in thousands	1,289,728	1,242,387	1,119,264	973,059	873,100	753,940	662,109	661,438	674,728	665,969	678,743	715,949	733,555	744,407	763,526	766,107	751,909	739,516	739,482	742,379
Gross profit margin		15.53%	14.68%	12.61%	8.67%	5.80%	1.84%	-3.37%	-2.70%	2.28%	5.17%	9.74%	12.92%	10.89%	12.46%	14.83%	16.13%	18.33%	16.91%	16.50%	16.83%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $200,356K ÷ $1,289,728K
= 15.53%

Helix Energy Solutions Group Inc's gross profit margin has shown a positive trend over the past eight quarters, indicating a consistent improvement in the company's ability to generate profits from its core business operations. The margin has steadily increased from negative figures in Q2 2022 and Q1 2022 to reach 15.53% in Q4 2023. This upward trend suggests that the company has been able to effectively manage its production costs and pricing strategies to enhance profitability. The significant growth in gross profit margin reflects positively on Helix Energy Solutions Group Inc's efficiency in managing its cost of goods sold and increasing revenues relative to its production costs.