Diamond Offshore Drilling Profit margin
What is the Profit margin of Diamond Offshore Drilling?
The Profit margin of Diamond Offshore Drilling, Inc. is -171.04%
What is the definition of Profit margin?
Profit margin is a measure of profitability and is calculated by finding the net profit as a percentage of the revenue.
lfy (last fiscal year)
Profit margin is calculated with the selling price (or revenue) taken as base times 100. It is the percentage of selling price that is turned into profit. Profit percentages are calculated to find the ratio of profit to cost of an investment. Profit margin is an indicator of a company's pricing strategies and how well it controls costs. Differences in competitive strategy and product mix cause the profit margin to vary among different companies. The profit margin is used mostly for internal comparisons. It is difficult to accurately compare the net profit ratio for different entities. Individual businesses' operating and financing arrangements vary so much that different entities are bound to have different levels of expenditure, so that comparison of one with another can have little meaning. A low profit margin indicates a low margin of safety: higher risk that a decline in sales will erase profits and result in a net loss, or a negative margin.
Profit margin of companies in the Energy sector on OTC compared to Diamond Offshore Drilling
What does Diamond Offshore Drilling do?
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company operates a fleet of 13 offshore drilling rigs, including four drillships and nine semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. is a subsidiary of Loews Corporation. On April 26, 2020, Diamond Offshore Drilling, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas.
Companies with profit margin similar to Diamond Offshore Drilling
- Huajun International has Profit margin of -171.97%
- MAV Beauty Brands has Profit margin of -171.84%
- Vitro Diagnostics has Profit margin of -171.73%
- Vault Intelligence has Profit margin of -171.65%
- F45 Training has Profit margin of -171.23%
- Abitibi Royalties has Profit margin of -171.15%
- Diamond Offshore Drilling has Profit margin of -171.04%
- PYC Therapeutics has Profit margin of -171.03%
- Shah Foods has Profit margin of -170.95%
- Deutsche Konsum Grundbesitz AG has Profit margin of -170.83%
- EncounterCare Solutions has Profit margin of -170.64%
- Chineseinvestors.com has Profit margin of -170.52%
- Silence Therapeutics plc has Profit margin of -170.49%