Oceaneering International Inc (OII)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	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	-322,079	-204,518	-191,769	-203,572
Revenue (ttm)	US$ in thousands	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	2,048,124	1,982,409	2,004,062	1,986,955
Pretax margin		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%	-15.73%	-10.32%	-9.57%	-10.25%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $161,055K ÷ $2,424,706K
= 6.64%

Oceaneering International, Inc.'s pretax margin has shown a positive trend over the past eight quarters, indicating an improving profitability before accounting for taxes. The pretax margin steadily increased from 3.83% in Q4 2022 to 6.64% in Q4 2023. This demonstrates the company's ability to generate higher profits relative to its revenue and control operating expenses effectively. The consistent growth in pretax margin reflects a positive financial performance and management's efforts to enhance operational efficiency. It is important for Oceaneering International, Inc. to sustain this positive trend to ensure long-term profitability and financial stability.