Helmerich and Payne Inc (HP)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 451,899 | 561,889 | 45,292 | -428,549 | -620,187 |
| Revenue | US$ in thousands | 2,756,610 | 2,872,420 | 2,058,940 | 1,218,570 | 1,773,930 |
| Operating profit margin | 16.39% | 19.56% | 2.20% | -35.17% | -34.96% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $451,899K ÷ $2,756,610K
= 16.39%
The operating profit margin of Helmerich and Payne Inc has shown variability over the past five years. In 2024, the operating profit margin was 16.39%, showing a decrease from 19.56% in 2023. The significant drop in profitability from 2023 to 2024 indicates potential challenges in managing operating expenses or pricing strategies.
In 2022, the operating profit margin was 2.20%, a substantial increase from negative margins in 2021 (-35.17%) and 2020 (-34.96%). This improvement suggests that the company may have implemented cost-cutting measures or efficiency enhancements to enhance profitability.
It is essential for Helmerich and Payne Inc to monitor its operating profit margin closely to ensure sustainable profitability and operational efficiency. Analyzing the factors driving fluctuations in the operating profit margin can help the company make informed decisions to optimize financial performance.
Peer comparison
Sep 30, 2024