Helmerich and Payne Inc (HP)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 855,640 | 927,492 | 424,757 | 1,211 | -173,633 |
| Revenue | US$ in thousands | 2,756,610 | 2,872,420 | 2,058,940 | 1,218,570 | 1,773,930 |
| Gross profit margin | 31.04% | 32.29% | 20.63% | 0.10% | -9.79% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $855,640K ÷ $2,756,610K
= 31.04%
The gross profit margin of Helmerich and Payne Inc has fluctuated over the past five years, indicating varying levels of efficiency in generating profits from its sales.
In 2024, the gross profit margin stood at 31.04%, a slight decrease from 2023 when it was 32.29%. This suggests that the company's ability to control its cost of goods sold relative to its revenue slightly weakened year over year.
Compared to 2022, there was a significant improvement in gross profit margin in 2023, indicating that the company was able to increase its profit margin by effectively managing its production costs.
The gross profit margin was notably low in 2021 at 0.10%, signaling inefficient cost control measures or potential pricing challenges that impacted profitability.
In 2020, the company reported a negative gross profit margin of -9.79%, indicating that the cost of goods sold exceeded the revenue generated from sales, leading to an overall loss on each unit sold.
Overall, the fluctuating trend in Helmerich and Payne Inc's gross profit margin highlights the importance of closely monitoring operational costs and pricing strategies to sustain and improve profitability over time.
Peer comparison
Sep 30, 2024