Helix Energy Solutions Group Inc (HLX)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	63,510	-44,855	-48,687	13,025	67,997
Revenue	US$ in thousands	1,289,730	873,100	674,728	733,555	751,909
Operating profit margin		4.92%	-5.14%	-7.22%	1.78%	9.04%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $63,510K ÷ $1,289,730K
= 4.92%

The operating profit margin of Helix Energy Solutions Group Inc has exhibited fluctuations over the past five years. In 2019, the company achieved a relatively high operating profit margin of 9.04%, indicating strong operational efficiency and profitability. However, this figure dropped to 2.57% in 2020, suggesting a decrease in profitability.

In 2021, the operating profit margin further declined to -7.12%, indicating that the company's operating expenses may have outweighed its operating income, resulting in a negative margin. By 2022, the negative trend in profitability continued with an operating profit margin of -2.05%.

The latest available data for Dec 31, 2023, shows a recovery in the operating profit margin to 8.21%. This marks a significant improvement compared to the previous years, indicating that the company may have implemented cost-cutting measures or efficiency improvements to enhance profitability.

Overall, the fluctuating nature of Helix Energy Solutions Group Inc's operating profit margin over the past five years suggests a varying level of operational efficiency and profitability, emphasizing the importance of closely monitoring and managing operating expenses to enhance overall financial performance.