Helix Energy Solutions Group Inc (HLX)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Gross profit (ttm) US$ in thousands 219,564 209,983 224,863 204,726 200,356 182,442 141,112 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
Revenue (ttm) US$ in thousands 1,358,560 1,338,584 1,391,835 1,335,855 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
Gross profit margin 16.16% 15.69% 16.16% 15.33% 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%

December 31, 2024 calculation

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

Helix Energy Solutions Group Inc's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The gross profit margin started at 16.13% in March 2020, gradually decreased to a low of -3.37% in June 2022, before recovering and improving.

From December 2022 onward, there was a positive trend in the gross profit margin, with the margin steadily increasing to reach its highest point of 16.16% by June 30, 2024. This indicates that the company's profitability from its core operations improved significantly during this period.

Overall, the upward trend in the gross profit margin suggests that Helix Energy Solutions Group Inc managed to enhance its cost efficiency, pricing strategy, or product mix, leading to improved profitability over the analyzed period. However, fluctuations in the margin also indicate potential challenges faced by the company in managing its costs and revenues efficiently.