Oceaneering International Inc (OII)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 246,270 | 181,328 | 110,863 | 39,799 | -446,079 |
| Revenue | US$ in thousands | 2,661,160 | 2,424,710 | 2,066,080 | 1,869,280 | 1,827,890 |
| Operating profit margin | 9.25% | 7.48% | 5.37% | 2.13% | -24.40% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $246,270K ÷ $2,661,160K
= 9.25%
Oceaneering International Inc's operating profit margin has shown a positive trend over the years based on the provided data. The margin was notably negative at -24.40% as of December 31, 2020, indicating the company faced challenges in generating profits from its operations. However, there was a significant improvement in the operating profit margin to 2.13% by December 31, 2021.
This positive momentum continued in the following years, with the operating profit margin reaching 5.37% by December 31, 2022, and further strengthening to 7.48% by December 31, 2023. The most recent data point shows a notable increase in the operating profit margin to 9.25% as of December 31, 2024.
Overall, the improving trend in Oceaneering International Inc's operating profit margin indicates that the company has been able to enhance its operational efficiency and profitability over the years. This positive trajectory reflects well on the company's ability to manage costs, increase revenues, and ultimately deliver better financial performance.
Peer comparison
Dec 31, 2024