Helmerich and Payne Inc (HP)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 432,128 | 434,100 | 402,017 | 324,476 | 155,460 | 6,953 | -117,747 | -191,054 | -307,081 | -326,150 | -305,952 | -295,996 | -595,533 | -494,497 | -394,357 | -503,441 | -22,010 | -33,656 | -72,380 | 74,295 |
| 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 |
| Net profit margin | 15.27% | 15.11% | 14.13% | 12.15% | 6.56% | 0.34% | -6.65% | -12.30% | -22.22% | -26.77% | -28.25% | -27.71% | -42.37% | -27.88% | -17.81% | -19.47% | -0.82% | -1.20% | -2.54% | 2.65% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $432,128K ÷ $2,829,931K
= 15.27%
The net profit margin of Helmerich & Payne, Inc. has exhibited fluctuations over the past eight quarters. Starting from a negative figure of -12.39% in March 2022, the margin saw a rapid improvement, reaching a positive 15.10% by December 2023. This upward trend indicates a significant recovery in the company's profitability. However, it is important to note that the margin dipped slightly in the most recent quarter, dropping from 14.91% to 15.10%. Overall, this suggests that the company has been able to effectively manage its expenses and increase its net income relative to revenue, despite some fluctuations, which could be a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023