Helix Energy Solutions Group Inc (HLX)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	82,064	7,514	-75,181	-70,642	1,383
Revenue	US$ in thousands	1,358,560	1,289,730	873,100	674,728	733,555
Pretax margin		6.04%	0.58%	-8.61%	-10.47%	0.19%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $82,064K ÷ $1,358,560K
= 6.04%

The pretax margin of Helix Energy Solutions Group Inc has shown variability over the observed period. In December 2020, the pretax margin was a modest 0.19%, indicating a relatively narrow profit margin before accounting for taxes. However, the company experienced a significant decline in profitability in the following year, with a negative pretax margin of -10.47% in December 2021, suggesting that expenses exceeded revenue before accounting for taxes.

This negative trend continued into December 2022, where the pretax margin further declined to -8.61%. The company was operating at a loss before tax payments during these periods. However, there was a notable improvement in profitability by December 2023, as the pretax margin recovered to 0.58%, indicating a return to positive profitability before tax.

By December 2024, Helix Energy Solutions Group Inc showed a substantial improvement in its financial performance, with a pretax margin of 6.04%. This marked increase suggests that the company was able to generate a more significant profit margin before accounting for taxes, reflecting improved operational efficiency or revenue growth.

Overall, the pretax margin analysis indicates that Helix Energy Solutions Group Inc underwent a period of fluctuating profitability, experiencing losses in some years but ultimately demonstrating a turnaround and achieving positive pretax margins in the later years of the observed period.