Oceaneering International Inc (OII)

Pretax margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before tax but after interest (EBT) US$ in thousands 161,055 79,052 -5,709 -498,897 -330,821
Revenue US$ in thousands 2,424,710 2,066,080 1,869,280 1,827,890 2,048,120
Pretax margin 6.64% 3.83% -0.31% -27.29% -16.15%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $161,055K ÷ $2,424,710K
= 6.64%

The pretax margin of Oceaneering International, Inc. has shown a fluctuating trend over the past five years. The company's pretax margin improved significantly from -27.29% in 2020 to -0.31% in 2021, indicating a stronger financial performance. Subsequently, there was a notable positive shift to 3.83% in 2022, demonstrating further improvement in profitability.

In the most recent year, the pretax margin increased to 6.64%, showcasing continued progress in the company's ability to generate earnings before considering taxes. This shift towards a positive pretax margin suggests that Oceaneering International, Inc. may have enhanced its operational efficiency, cost management, and revenue generation strategies.

Overall, the consistent improvement in pretax margin over the years reflects a positive trend in the company's financial performance and profitability, signaling potential growth and sustainability in the future.


Peer comparison

Dec 31, 2023