Oceaneering International Inc (OII)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 224,916 | 161,055 | 79,052 | -5,709 | -498,897 |
| Revenue | US$ in thousands | 2,661,160 | 2,424,710 | 2,066,080 | 1,869,280 | 1,827,890 |
| Pretax margin | 8.45% | 6.64% | 3.83% | -0.31% | -27.29% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $224,916K ÷ $2,661,160K
= 8.45%
Oceaneering International Inc's pretax margin has shown a notable improvement over the years, reflecting a positive trend in the company's profitability before taxes. The margin was notably negative at -27.29% as of December 31, 2020. However, the company managed to significantly increase its profitability, reaching -0.31% by the end of December 31, 2021.
The improvement continued in the following years, with the pretax margin rising to 3.83% as of December 31, 2022. Subsequently, Oceaneering International Inc's profitability before taxes continued to strengthen, reaching 6.64% by December 31, 2023, and further improving to 8.45% as of December 31, 2024.
This positive trend indicates that the company has been able to enhance its operational efficiency and generate higher profits relative to its revenue over the years, which could be attributed to effective cost management, increased sales, or other strategic initiatives. Overall, Oceaneering International Inc's improving pretax margin reflects a positive trajectory in its financial performance and suggests a healthy bottom line growth.
Peer comparison
Dec 31, 2024