Oceaneering International Inc (OII)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	181,328	110,863	39,799	-446,079	-290,713
Revenue	US$ in thousands	2,424,710	2,066,080	1,869,280	1,827,890	2,048,120
Operating profit margin		7.48%	5.37%	2.13%	-24.40%	-14.19%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $181,328K ÷ $2,424,710K
= 7.48%

Oceaneering International, Inc.'s operating profit margin has shown an improving trend over the past five years, indicating more efficient operation and management of the company's core business activities. From a negative operating profit margin in 2019 and 2020, the company managed to turn around its profitability significantly, achieving a positive operating profit margin of 2.13% in 2021 and steadily improving to 7.48% in 2023. This demonstrates the company's success in controlling costs, increasing revenues, or both, resulting in better profitability for each dollar of sales generated. The consistent growth in operating profit margin reflects Oceaneering International, Inc.'s ability to enhance operational efficiency and generate higher profits relative to its revenue, a positive sign for investors and stakeholders.