Helmerich and Payne Inc (HP)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 344,165 | 434,100 | 6,953 | -326,150 | -494,497 |
| Revenue | US$ in thousands | 2,756,610 | 2,872,420 | 2,058,940 | 1,218,570 | 1,773,930 |
| Net profit margin | 12.49% | 15.11% | 0.34% | -26.76% | -27.88% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $344,165K ÷ $2,756,610K
= 12.49%
The net profit margin of Helmerich and Payne Inc has varied over the past five years. In 2024, the net profit margin stood at 12.49%, showing a decrease from the previous year where it was 15.11%. This decline may indicate a slight decrease in the company's profitability compared to the prior period.
In 2022, the net profit margin was at a low 0.34%, a significant improvement from the previous year where it was -26.76%. The positive shift from a negative net profit margin to a positive one in 2022 signifies better financial performance and improved efficiency in managing expenses.
Notably, in 2020, the company had a significantly low net profit margin of -27.88%, which improved to -26.76% in 2021. Although still negative, the trend suggests some progress towards profitability.
Overall, the fluctuations in Helmerich and Payne Inc's net profit margin highlight changes in the company's profitability over the years, with varying levels of success in generating profits relative to its revenue.
Peer comparison
Sep 30, 2024