Helix Energy Solutions Group Inc (HLX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 7,514 | -75,181 | -70,496 | 3,473 | 65,778 |
| Revenue | US$ in thousands | 1,289,730 | 873,100 | 674,728 | 733,555 | 751,909 |
| Pretax margin | 0.58% | -8.61% | -10.45% | 0.47% | 8.75% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $7,514K ÷ $1,289,730K
= 0.58%
Helix Energy Solutions Group Inc's pretax margin has varied significantly over the past five years. In 2023, the pretax margin improved to 0.58% from a negative figure of -8.61% in 2022 and even lower -10.47% in 2021. This improvement indicates a more efficient management of pre-tax earnings in relation to the revenue generated in 2023. However, the pretax margin in 2020 was only 0.19%, much lower than in 2019 when it stood at a healthier 8.72%. The positive pretax margins in 2019 and 2023 suggest periods of profitability and better cost management, while the negative figures in 2020, 2021, and 2022 indicate challenges in controlling costs and generating profits before tax.
Peer comparison
Dec 31, 2023