Oceaneering International Inc (OII)

Net 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
Net income (ttm) US$ in thousands 147,468 135,898 124,473 108,478 97,403 95,051 83,542 68,260 44,990 -9,759 -35,432 -32,911 -23,066 -10,014 -82,009 -113,038 -471,271 -725,921 -672,079 -682,473
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
Net profit margin 5.54% 5.22% 4.87% 4.36% 4.02% 4.12% 3.74% 3.16% 2.18% -0.49% -1.86% -1.75% -1.23% -0.55% -4.56% -6.54% -25.78% -36.95% -33.23% -32.64%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $147,468K ÷ $2,661,161K
= 5.54%

Oceaneering International Inc's net profit margin has shown a notable improvement over the years, starting at negative percentages in 2020 and gradually increasing to positive percentages by the end of 2024.

The company experienced negative net profit margins in 2020 and 2021, indicating that its expenses were relatively high compared to its revenue during that period. However, in subsequent years, Oceaneering International Inc managed to enhance its operational efficiency and control costs more effectively, leading to a turnaround in its profitability.

From March 2023 to December 2024, the net profit margin consistently improved, ranging from 3.16% to 5.54%. This positive trend suggests that the company's overall profitability strengthened, possibly due to strategic cost management, revenue growth, or other operational efficiencies.

Overall, the steady improvement in Oceaneering International Inc's net profit margin reflects a positive trajectory for the company's financial performance and profitability prospects.