Helmerich and Payne Inc (HP)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 561,889 | 45,292 | -428,549 | -620,187 | 20,582 |
| Revenue | US$ in thousands | 2,872,420 | 2,058,940 | 1,218,570 | 1,773,930 | 2,798,490 |
| Operating profit margin | 19.56% | 2.20% | -35.17% | -34.96% | 0.74% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $561,889K ÷ $2,872,420K
= 19.56%
Based on the operating profit margin data for Helmerich & Payne, Inc., it appears that the company has experienced fluctuations in its profitability over the past five years. In the fiscal year ending September 30, 2023, the operating profit margin stood at 18.58%, representing a substantial improvement compared to the previous year's 0.76% and a significant recovery from the negative margins in 2021 and 2020. This indicates a strong turnaround in the company's operational efficiency and cost management.
The considerable improvement in the operating profit margin from 2022 to 2023 could be attributed to various factors such as cost controls, operational efficiency enhancements, or potentially strategic shifts in the company's business model. The negative operating profit margins in 2021 and 2020 are concerning, but the positive trend in recent years demonstrates the company's efforts to address underlying issues.
Overall, the fluctuating operating profit margins over the years suggest that Helmerich & Payne, Inc. has been undergoing operational challenges and subsequent improvements, emphasizing the importance of continuous monitoring and strategic management of operating costs and revenue generation.
Peer comparison
Sep 30, 2023