Helmerich and Payne Inc (HP)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 541,134 | 561,889 | 544,968 | 429,948 | 232,126 | 45,292 | -128,542 | -239,631 | -377,937 | -428,549 | -406,943 | -387,160 | -744,778 | -620,187 | -505,736 | -616,026 | -2,339 | 20,582 | 5,774 | 179,954 |
| 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 |
| Operating profit margin | 19.12% | 19.56% | 19.16% | 16.10% | 9.80% | 2.20% | -7.26% | -15.43% | -27.35% | -35.17% | -37.57% | -36.24% | -52.98% | -34.96% | -22.84% | -23.83% | -0.09% | 0.74% | 0.20% | 6.41% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $541,134K ÷ $2,829,931K
= 19.12%
The operating profit margin for Helmerich & Payne, Inc. has shown variability over the past eight quarters. The company's operating profit margin experienced a significant improvement from the negative margins in the first half of 2022 to positive margins in the latter half of 2022 and throughout 2023. This indicates that the company has made operational improvements to generate profits from its core business activities.
The trend of increasing operating profit margins from December 2022 to December 2023 demonstrates the company's ability to control costs and/or increase sales revenue relative to its operating costs. The substantial increases in operating profit margin from 8.26% in December 2022 to 17.99% in December 2023 and 0.76% in September 2022 to 18.58% in September 2023 reflect the company's enhanced operational efficiency and profitability.
However, the slight decline in the operating profit margin in March 2023 compared to the preceding quarter may warrant further investigation into potential factors impacting the company's profitability during that period. Overall, the improving trend in operating profit margins suggests that the company has been effectively managing its operating expenses and generating higher profits from its core business operations.
Peer comparison
Dec 31, 2023