Oceaneering International Inc (OII)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 97,403 | 25,941 | -49,307 | -496,751 | -348,444 |
| Revenue | US$ in thousands | 2,424,710 | 2,066,080 | 1,869,280 | 1,827,890 | 2,048,120 |
| Net profit margin | 4.02% | 1.26% | -2.64% | -27.18% | -17.01% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $97,403K ÷ $2,424,710K
= 4.02%
The net profit margin of Oceaneering International, Inc. has shown significant variability over the past five years.
In 2023, the net profit margin improved to 4.02%, significantly higher than the 1.26% in 2022. This increase indicates better profitability management and cost control.
The negative net profit margins in 2021, 2020, and 2019 (-2.64%, -27.18%, and -17.01% respectively) suggest that the company experienced challenges in generating profits relative to its revenue during those years. This could be attributed to higher operating expenses, lower sales volumes, or other financial difficulties.
Overall, the fluctuation in Oceaneering International's net profit margin indicates that the company may have experienced periods of both strength and weakness in its profitability performance, highlighting the importance of closely monitoring and managing expenses to enhance overall financial health.
Peer comparison
Dec 31, 2023