Oceaneering International Inc (OII)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 246,270 | 215,840 | 202,436 | 191,271 | 181,328 | 176,055 | 165,001 | 138,652 | 110,863 | 56,114 | 25,008 | 24,977 | 39,799 | 52,851 | -23,538 | -51,539 | -446,079 | -700,729 | -645,303 | -649,756 |
| 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 |
| Operating profit margin | 9.25% | 8.29% | 7.91% | 7.69% | 7.48% | 7.63% | 7.40% | 6.43% | 5.37% | 2.81% | 1.31% | 1.33% | 2.13% | 2.89% | -1.31% | -2.98% | -24.40% | -35.67% | -31.91% | -31.08% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $246,270K ÷ $2,661,161K
= 9.25%
Oceaneering International Inc's operating profit margin has shown a significant improvement over the last few years, starting from negative values in early 2020 to reaching 9.25% by the end of December 2024. The company experienced a gradual recovery in its operating profit margin, with fluctuations along the way.
The negative operating profit margins in 2020 indicate challenges faced by the company, possibly due to the impact of external factors such as the COVID-19 pandemic or operational inefficiencies. However, the company made a turnaround by March 2021, transitioning to positive territory and steadily increasing its margin over subsequent quarters.
The positive trend from March 2021 onwards reflects management's efforts to improve operational efficiency, cost control measures, or successful business strategies. The consistent upward trajectory in operating profit margin from 2021 to 2024 showcases the company's ability to generate more earnings from its core operations.
The continuous growth in operating profit margin aligns with investors' expectations of a financially healthy and sustainable business. Oceaneering International Inc's ability to maintain and improve its operating profit margin may indicate a stronger competitive position, effective management of expenses, and enhanced profitability in the long term.
Peer comparison
Dec 31, 2024