Oceaneering International Inc (OII)

Gross profit margin

		Dec 31, 2024	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
Gross profit (ttm)	US$ in thousands	485,494	449,186	432,921	413,790	398,971	383,444	364,501	339,462	307,377	296,438	260,532	252,888	264,065	229,903	199,706	173,846	163,941	98,553	117,963	117,409
Revenue (ttm)	US$ in thousands	2,661,161	2,602,340	2,557,709	2,486,811	2,424,706	2,306,300	2,230,791	2,156,912	2,066,084	1,996,570	1,903,713	1,877,881	1,869,275	1,826,828	1,799,757	1,728,774	1,827,889	1,964,437	2,022,341	2,090,906
Gross profit margin		18.24%	17.26%	16.93%	16.64%	16.45%	16.63%	16.34%	15.74%	14.88%	14.85%	13.69%	13.47%	14.13%	12.58%	11.10%	10.06%	8.97%	5.02%	5.83%	5.62%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $485,494K ÷ $2,661,161K
= 18.24%

The gross profit margin of Oceaneering International Inc has shown an increasing trend over the past several quarters. Starting at a low of 5.62% in March 2020, the gross profit margin has steadily improved to reach 18.24% by December 2024.

This indicates that the company has been able to effectively control its production costs and increase the markup on its products or services over this period. A rising gross profit margin is generally seen as a positive sign of a company's efficiency and profitability.

However, it's important to note that a high gross profit margin alone does not guarantee overall profitability, as other expenses such as operating and financing costs also play a significant role in determining a company's bottom line. Therefore, it would be beneficial to analyze other financial indicators alongside the gross profit margin to get a more comprehensive view of Oceaneering International Inc's financial performance.