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