Helix Energy Solutions Group Inc (HLX)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	82,064	38,451	23,314	-13,288	7,514	32,364	-3,796	-42,473	-75,181	-112,375	-120,213	-107,599	-70,642	-37,138	12,640	33,470	1,383	8,889	14,373	28,893
Revenue (ttm)	US$ in thousands	1,358,560	1,338,584	1,391,835	1,335,855	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
Pretax margin		6.04%	2.87%	1.68%	-0.99%	0.58%	2.60%	-0.34%	-4.36%	-8.61%	-14.91%	-18.16%	-16.27%	-10.47%	-5.58%	1.86%	4.67%	0.19%	1.19%	1.88%	3.77%

December 31, 2024 calculation

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

The pretax margin of Helix Energy Solutions Group Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The company started with a pretax margin of 3.77% on March 31, 2020, but experienced a decline in profitability over the following quarters. By September 30, 2021, the pretax margin fell to -5.58%, indicating that the company was incurring losses before taxes.

The negative trend continued into 2022, with pretax margins reaching as low as -18.16% on June 30, 2022. However, the company showed signs of improvement in the subsequent quarters, with the pretax margin moving back into positive territory by March 31, 2023, at 2.60%.

By December 31, 2024, Helix Energy Solutions Group Inc had managed to significantly improve its pretax margin to 6.04%, a notable increase compared to the lows experienced in 2022. This indicates that the company made efforts to enhance its profitability and operational efficiency during the period under review.