Helmerich and Payne Inc (HP)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 914,114 | 927,492 | 896,921 | 780,258 | 593,595 | 424,757 | 264,194 | 165,459 | 54,660 | -202 | 206,984 | 243,377 | -116,061 | 41,929 | 482,712 | 831,539 | 1,898,312 | 2,419,530 | 2,466,405 | 2,645,976 |
| Revenue (ttm) | US$ in thousands | 2,829,931 | 2,872,421 | 2,844,147 | 2,670,424 | 2,368,799 | 2,058,944 | 1,771,419 | 1,553,399 | 1,381,973 | 1,218,568 | 1,083,028 | 1,068,179 | 1,405,647 | 1,773,927 | 2,214,710 | 2,585,320 | 2,672,549 | 2,798,490 | 2,846,265 | 2,807,163 |
| Gross profit margin | 32.30% | 32.29% | 31.54% | 29.22% | 25.06% | 20.63% | 14.91% | 10.65% | 3.96% | -0.02% | 19.11% | 22.78% | -8.26% | 2.36% | 21.80% | 32.16% | 71.03% | 86.46% | 86.65% | 94.26% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $914,114K ÷ $2,829,931K
= 32.30%
The gross profit margin of Helmerich & Payne, Inc. has remained steady at 100% throughout the observed periods. A gross profit margin of 100% indicates that the company is able to generate its revenue without incurring any costs directly associated with producing the goods or services sold. While a high gross profit margin is generally favorable, it is unusual to see a consistently maintained 100% margin. It's important to note that the gross profit margin only considers the direct costs of goods sold and does not factor in other operating expenses. Therefore, further analysis of the company's overall profitability and cost structure is necessary to evaluate its financial performance comprehensively.
Peer comparison
Dec 31, 2023