Oceaneering International Inc (OII)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 485,494 | 398,971 | 307,377 | 264,065 | 163,941 |
| Revenue | US$ in thousands | 2,661,160 | 2,424,710 | 2,066,080 | 1,869,280 | 1,827,890 |
| Gross profit margin | 18.24% | 16.45% | 14.88% | 14.13% | 8.97% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $485,494K ÷ $2,661,160K
= 18.24%
Oceaneering International Inc has shown a positive trend in its gross profit margin over the past five years. The margin has increased steadily from 8.97% as of December 31, 2020, to 18.24% as of December 31, 2024. This upward trajectory indicates improved efficiency in generating profits from its core business activities. The consistent growth in gross profit margin reflects the company's ability to control production costs and maintain pricing power. Overall, Oceaneering International Inc's improving gross profit margin demonstrates its strengthening operational performance and potentially positive outlook for profitability in the future.
Peer comparison
Dec 31, 2024