Helmerich and Payne Inc (HP)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 593,379 | 31,319 | -429,871 | -634,603 | -52,368 |
| Revenue | US$ in thousands | 2,872,420 | 2,058,940 | 1,218,570 | 1,773,930 | 2,798,490 |
| Pretax margin | 20.66% | 1.52% | -35.28% | -35.77% | -1.87% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $593,379K ÷ $2,872,420K
= 20.66%
The pretax margin of Helmerich & Payne, Inc. has fluctuated significantly over the past five years. In 2023, the pretax margin rose to 20.66%, reflecting a substantial improvement compared to the previous year's margin of 1.50%. This notable increase suggests that the company's ability to generate profits before considering taxes has strengthened. However, it is important to note that in 2021 and 2020, the company experienced negative pretax margins of -36.20% and -35.88% respectively, indicating that the company incurred significant losses before tax during those periods. The fluctuating pretax margins over the years may be indicative of volatility in the company's operating performance, and it would be valuable to closely examine the contributing factors to these fluctuations. Overall, the 2023 pretax margin portrays a positive trend, but a holistic assessment of the company's financial position and operational efficiency is essential for a comprehensive analysis.
Peer comparison
Sep 30, 2023