Helmerich and Payne Inc (HP)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 434,100 | 6,953 | -326,150 | -494,497 | -33,656 |
| Revenue | US$ in thousands | 2,872,420 | 2,058,940 | 1,218,570 | 1,773,930 | 2,798,490 |
| Net profit margin | 15.11% | 0.34% | -26.76% | -27.88% | -1.20% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $434,100K ÷ $2,872,420K
= 15.11%
The net profit margin of Helmerich & Payne, Inc. has shown significant fluctuations over the past five years. In 2019, the company reported a negative net profit margin of -1.31%, which improved to 0.26% in 2020. However, in the following years, there was a notable turnaround, with the net profit margin climbing to -26.88% in 2021 and further improving to 14.91% in 2023.
The substantial increase in the net profit margin from 2021 to 2023 demonstrates the company's ability to effectively control costs and improve operational efficiency. This positive trend may indicate strategic shifts, improved revenue management, or cost-cutting measures that have positively impacted the company's bottom line.
Overall, while the company's net profit margin has experienced fluctuations, the recent significant improvement suggests a positive trajectory in terms of profitability. Further analysis of the company's financial and operational performance would be beneficial to gain a comprehensive understanding of the factors driving these changes.
Peer comparison
Sep 30, 2023