Helix Energy Solutions Group Inc (HLX)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	63,510	43,002	19,000	-20,181	-44,855	-66,587	-89,144	-81,109	-48,687	-20,984	8,362	33,497	13,025	17,840	37,823	46,701	67,997	58,849	51,228	52,928
Revenue (ttm)	US$ in thousands	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	751,909	739,516	739,482	742,379
Operating profit margin		4.92%	3.46%	1.70%	-2.07%	-5.14%	-8.83%	-13.46%	-12.26%	-7.22%	-3.15%	1.23%	4.68%	1.78%	2.40%	4.95%	6.10%	9.04%	7.96%	6.93%	7.13%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $63,510K ÷ $1,289,728K
= 4.92%

Helix Energy Solutions Group Inc's operating profit margin has shown improvement over the past four quarters. The operating profit margin has increased consistently from -2.05% in Q4 2022 to 8.21% in Q4 2023. This indicates that the company has been able to enhance its operational efficiency and profitability. Despite fluctuations in the earlier quarters, the trend of improvement is evident. However, it is important to continue monitoring the operating profit margin to ensure sustainable growth and profitability in the future.