Helix Energy Solutions Group Inc (HLX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -10,838 | -87,784 | -61,538 | 22,174 | 57,919 |
| Revenue | US$ in thousands | 1,289,730 | 873,100 | 674,728 | 733,555 | 751,909 |
| Net profit margin | -0.84% | -10.05% | -9.12% | 3.02% | 7.70% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-10,838K ÷ $1,289,730K
= -0.84%
The net profit margin of Helix Energy Solutions Group Inc has fluctuated over the past five years. In 2023, the net profit margin was -0.84%, indicating that the company incurred a net loss relative to its revenue. This represents an improvement from the previous year, where the net profit margin was -10.05%. In 2021, the net profit margin was also negative at -9.16%, reflecting ongoing challenges in generating profits.
However, the company performed better in 2020 and 2019, with net profit margins of 2.68% and 7.62% respectively. This suggests that in those years, Helix Energy Solutions Group Inc was more successful in converting revenue into profits.
Overall, the company's net profit margin has been inconsistent, showing both positive and negative trends over the years. Further analysis of the company's operations and financial performance would be necessary to understand the underlying factors influencing these fluctuations.
Peer comparison
Dec 31, 2023