Helmerich and Payne Inc (HP)
Gross profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 855,640 | 839,256 | 871,074 | 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 |
| Revenue (ttm) | US$ in thousands | 2,756,607 | 2,722,420 | 2,748,652 | 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 |
| Gross profit margin | 31.04% | 30.83% | 31.69% | 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% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $855,640K ÷ $2,756,607K
= 31.04%
Helmerich and Payne Inc's gross profit margin has displayed a fluctuating trend over the past few quarters. The company's gross profit margin stood at 31.04% as of September 30, 2024, which shows a slight improvement compared to the previous quarter. The margins have generally been on an upward trajectory since December 2021, where it reached a low of -0.02%.
This improvement in gross profit margin reflects better cost management and operational efficiency within the company. The higher the gross profit margin, the more efficiently a company is producing its goods or services.
Overall, the recent increase in gross profit margin is a positive indicator for Helmerich and Payne Inc, suggesting that the company is effectively controlling its production costs and generating a reasonable level of profit from its core business operations.
Peer comparison
Sep 30, 2024