Helmerich and Payne Inc (HP)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | -52,314 | -61,097 | 128,078 |
| 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 |
| Pretax margin | 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% | -1.87% | -2.15% | 4.56% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $589,092K ÷ $2,829,931K
= 20.82%
The pretax margin is a measure of a company's profitability, indicating the percentage of each dollar of revenue that translates into pre-tax profit. Helmerich & Payne, Inc.'s pretax margin has exhibited variability over the past eight quarters. The trend has shown improvement, with the margin increasing from -15.84% in March 2022 to 20.84% in December 2023. This suggests enhanced efficiency in managing costs relative to revenue generation. However, the company experienced a significant decline in pretax margin in March 2023, which subsequently rebounded. Overall, the trend indicates a positive trajectory but has experienced some fluctuations, demonstrating the company's ability to adapt to changing market conditions.
Peer comparison
Dec 31, 2023