Helmerich and Payne Inc (HP)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 481,023 | 477,383 | 490,954 | 589,092 | 593,379 | 553,736 | 437,262 | 219,789 | 31,319 | -146,236 | -244,932 | -400,255 | -429,871 | -407,556 | -391,519 | -767,845 | -634,594 | -524,358 | -647,864 | -27,920 |
| 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 |
| Pretax margin | 17.45% | 17.54% | 17.86% | 20.82% | 20.66% | 19.47% | 16.37% | 9.28% | 1.52% | -8.26% | -15.77% | -28.96% | -35.28% | -37.63% | -36.65% | -54.63% | -35.77% | -23.68% | -25.06% | -1.04% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $481,023K ÷ $2,756,607K
= 17.45%
The pretax margin of Helmerich and Payne Inc has shown a fluctuating trend over the past two years. In the most recent quarter, the pretax margin stood at 17.45%, slightly lower than the previous quarter's 17.54%. The company experienced a significant decrease in pretax margin in the fourth quarter of 2023, where it reached 9.28%, mainly due to internal or external factors impacting profitability.
Looking back further, there was a notable improvement in profitability in the first quarter of 2023 with a pretax margin of 16.37%, following a downward trend in the second half of 2022. The company faced challenges in profitability in the second half of 2021 and early 2022 with negative pretax margins, hitting a low of -37.63% in the third quarter of 2021.
Overall, it is essential for the company to monitor and manage its cost structure, revenue generation, and operational efficiency to sustain and improve its pretax margin in the future.
Peer comparison
Sep 30, 2024