Oceaneering International Inc (OII)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 224,916 | 202,709 | 187,418 | 170,583 | 161,055 | 168,593 | 153,269 | 129,699 | 98,101 | 43,114 | 11,311 | 8,608 | 20,532 | 37,247 | -41,104 | -72,568 | -473,417 | -747,830 | -693,262 | -691,973 |
| 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 |
| Pretax margin | 8.45% | 7.79% | 7.33% | 6.86% | 6.64% | 7.31% | 6.87% | 6.01% | 4.75% | 2.16% | 0.59% | 0.46% | 1.10% | 2.04% | -2.28% | -4.20% | -25.90% | -38.07% | -34.28% | -33.09% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $224,916K ÷ $2,661,161K
= 8.45%
Pretax margin is a key financial metric that reflects the percentage of each dollar of revenue that a company retains as profit before paying income taxes. A higher pretax margin indicates better profitability and efficiency in managing costs.
Analyzing the historical trend of Oceaneering International Inc's pretax margin from March 31, 2020, to December 31, 2024, reveals a significant improvement in the company's profitability over time.
The pretax margin started in negative territory, indicating that the company was experiencing losses in the initial periods. However, the company managed to gradually reduce its losses and eventually achieve positive pretax margins.
In the most recent period, Oceaneering International Inc achieved a pretax margin of 8.45% on December 31, 2024, indicating that the company retained 8.45 cents of each dollar of revenue as profit before taxes.
Overall, the trend shows a positive trajectory in Oceaneering International Inc's profitability, reflecting effective cost management and operational efficiency improvements over the analyzed period. This improvement in pretax margin can be a positive sign for investors and stakeholders, indicating the company's ability to generate profits and potentially create value in the long term.
Peer comparison
Dec 31, 2024