Helix Energy Solutions Group Inc (HLX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 55,637 | -10,838 | -87,784 | -61,684 | 22,174 |
| Revenue | US$ in thousands | 1,358,560 | 1,289,730 | 873,100 | 674,728 | 733,555 |
| Net profit margin | 4.10% | -0.84% | -10.05% | -9.14% | 3.02% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $55,637K ÷ $1,358,560K
= 4.10%
The net profit margin of Helix Energy Solutions Group Inc has shown considerable variability in recent years. In December 31, 2020, the net profit margin stood at 3.02%, indicating that the company was able to retain 3.02% of its total revenue as profit after accounting for all expenses. However, there was a significant downturn in performance in the following years, with negative net profit margins of -9.14% in December 31, 2021, -10.05% in December 31, 2022, and -0.84% in December 31, 2023.
These negative margins suggest that the company's expenses exceeded its revenue during those years, leading to overall net losses. The situation improved in December 31, 2024, with a positive net profit margin of 4.10%, indicating that the company was able to generate a profit again.
The fluctuating trend in net profit margins indicates potential challenges in managing costs and generating revenue consistently. It is essential for Helix Energy Solutions Group Inc to closely monitor its expenses, boost revenue streams, and enhance operational efficiency to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2024