Helmerich and Payne Inc (HP)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 481,020 | 593,379 | 31,319 | -429,871 | -634,603 |
| Revenue | US$ in thousands | 2,756,610 | 2,872,420 | 2,058,940 | 1,218,570 | 1,773,930 |
| Pretax margin | 17.45% | 20.66% | 1.52% | -35.28% | -35.77% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $481,020K ÷ $2,756,610K
= 17.45%
The pretax margin of Helmerich and Payne Inc has exhibited fluctuations over the past five years. In the latest fiscal year, ending September 30, 2024, the pretax margin stood at 17.45%, reflecting a decrease from the previous year's level of 20.66%. This indicates that the company's profitability before taxes decreased slightly compared to the prior year.
Looking further back, the pretax margin in September 2022 was 1.52%, significantly lower than in recent years. This suggests a period of weaker profitability or higher expenses impacting the company's earnings. The sharp decline in profitability in September 2021 and September 2020, with negative pretax margins of -35.28% and -35.77% respectively, indicates significant financial challenges or losses incurred by the company during those years.
Overall, the pretax margin trend for Helmerich and Payne Inc demonstrates variability in profitability performance over the past five years, with improvements in some years and substantial declines in others. Further analysis of the company's revenue, expenses, and operational efficiency may help to provide insight into the factors driving these fluctuations in pretax margin.
Peer comparison
Sep 30, 2024