Oceaneering International Inc (OII)

Net profit 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
Net income (ttm)	US$ in thousands	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	-339,702	-182,676	-223,132	-221,026
Revenue (ttm)	US$ in thousands	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	2,048,124	1,982,409	2,004,062	1,986,955
Net profit margin		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%	-16.59%	-9.21%	-11.13%	-11.12%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $97,403K ÷ $2,424,706K
= 4.02%

Oceaneering International, Inc.'s net profit margin has displayed a fluctuating trend over the past eight quarters. The net profit margin has been gradually increasing from Q1 2022 to Q4 2023, indicating a positive performance in the company's ability to generate profits relative to its revenue. Starting at a negative net profit margin of -3.24% in Q2 2022, the company managed to turn this around and achieve a positive net profit margin of 4.02% in Q4 2023.

Overall, the upward trend in net profit margin suggests that Oceaneering International has been successful in managing its costs and improving its profitability over the recent quarters. It is essential for the company to maintain this positive momentum to ensure sustainable financial performance in the future.