Weatherford International PLC (WFRD)

Net profit 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
Net income (ttm)	US$ in thousands	417,000	349,000	254,000	178,000	26,000	-207,000	-330,000	-414,000	-450,000	-489,000	-568,000	-1,071,000	-1,921,000	3,558,000	2,911,000	3,176,000	3,661,000	-3,721,000	-3,099,000	-3,047,000
Revenue (ttm)	US$ in thousands	5,023,000	4,982,000	4,789,000	4,579,000	4,331,000	4,087,000	3,912,000	3,751,000	3,645,000	2,718,000	3,357,000	4,096,000	4,479,000	5,656,000	5,386,000	5,053,000	5,184,000	5,315,000	5,445,000	5,584,000
Net profit margin		8.30%	7.01%	5.30%	3.89%	0.60%	-5.06%	-8.44%	-11.04%	-12.35%	-17.99%	-16.92%	-26.15%	-42.89%	62.91%	54.05%	62.85%	70.62%	-70.01%	-56.91%	-54.57%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $417,000K ÷ $5,023,000K
= 8.30%

Over the past eight quarters, Weatherford International plc has shown fluctuations in its net profit margin. The company's net profit margin has shown an improving trend from Q1 2022 to Q4 2023, increasing from -11.04% to 8.12%. This improvement indicates that the company has been more efficient in managing its expenses and generating profits from its operations over the period. However, it is essential to monitor if this trend continues in the future quarters to assess the company's overall profitability and operational efficiency.

Peer comparison

Dec 31, 2023

Company name

Symbol

Net profit margin

Weatherford International PLC

WFRD

8.30%