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.
Peer comparison
Dec 31, 2023