Helmerich and Payne Inc (HP)
Operating profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 451,899 | 439,072 | 476,501 | 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 |
| Revenue (ttm) | US$ in thousands | 2,756,607 | 2,722,420 | 2,748,652 | 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 |
| Operating profit margin | 16.39% | 16.13% | 17.34% | 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% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $451,899K ÷ $2,756,607K
= 16.39%
The operating profit margin of Helmerich and Payne Inc has shown fluctuating trends over the past few years. In the most recent quarter, ending on September 30, 2024, the operating profit margin was 16.39%. This represents a slight improvement from the previous quarter (June 30, 2024) where the margin was 16.13%.
Looking further back, the operating profit margin experienced a significant decline in the last quarter of 2021, dropping to -27.35%. However, over the course of 2022 and into 2023, there was a gradual recovery in the operating profit margin, with positive figures returning.
Overall, the operating profit margin trend indicates a period of volatility and challenges for the company, especially in 2021. The recent improvements in profitability are a positive sign, but sustained efforts may be needed to stabilize and further enhance the margin in the future.
Peer comparison
Sep 30, 2024