Solstad Offshore Past Earnings Performance
Past criteria checks 2/6
Solstad Offshore has been growing earnings at an average annual rate of 30.3%, while the Energy Services industry saw earnings growing at 17.2% annually. Revenues have been growing at an average rate of 7.9% per year. Solstad Offshore's return on equity is 19.7%, and it has net margins of 5.3%.
Key information
30.3%
Earnings growth rate
71.8%
EPS growth rate
| Energy Services Industry Growth | 23.3% |
| Revenue growth rate | 7.9% |
| Return on equity | 19.7% |
| Net Margin | 5.3% |
| Next Earnings Update | 30 Apr 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Solstad Offshore makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 6,924 | 365 | 437 | 0 |
| 30 Sep 23 | 7,603 | 59 | 574 | 0 |
| 30 Jun 23 | 7,365 | -242 | 542 | 0 |
| 31 Mar 23 | 6,776 | -715 | 517 | 0 |
| 31 Dec 22 | 6,295 | -1,113 | 508 | 0 |
| 30 Sep 22 | 4,621 | -1,079 | 383 | 0 |
| 30 Jun 22 | 4,734 | -989 | 408 | 0 |
| 31 Mar 22 | 4,673 | -940 | 470 | 0 |
| 31 Dec 21 | 5,128 | -1,102 | 494 | 0 |
| 30 Sep 21 | 5,094 | 10,720 | 524 | 0 |
| 30 Jun 21 | 4,910 | 9,719 | 508 | 0 |
| 31 Mar 21 | 4,977 | 9,187 | 484 | 0 |
| 31 Dec 20 | 4,844 | 7,241 | 484 | 0 |
| 30 Sep 20 | 4,869 | -5,461 | 378 | 0 |
| 30 Jun 20 | 5,033 | -5,319 | 395 | 0 |
| 31 Mar 20 | 5,074 | -4,858 | 405 | 0 |
| 31 Dec 19 | 5,016 | -3,130 | 418 | 0 |
| 30 Sep 19 | 5,034 | -5,104 | 456 | 0 |
| 30 Jun 19 | 4,957 | -5,401 | 457 | 0 |
| 31 Mar 19 | 4,944 | -5,842 | 471 | 0 |
| 31 Dec 18 | 4,673 | -5,858 | 482 | 0 |
| 30 Sep 18 | 4,587 | -3,762 | 478 | 0 |
| 30 Jun 18 | 4,593 | -2,830 | 534 | 0 |
| 31 Mar 18 | 3,945 | -678 | 487 | 0 |
| 31 Dec 17 | 3,637 | -314 | 421 | 0 |
| 30 Sep 17 | 3,057 | -679 | 348 | 0 |
| 30 Jun 17 | 2,285 | -177 | 349 | 0 |
| 31 Mar 17 | 2,293 | -1,373 | 286 | 0 |
| 31 Dec 16 | 2,476 | -866 | 223 | 0 |
| 30 Sep 16 | 2,711 | -728 | 157 | 0 |
| 30 Jun 16 | 3,055 | -1,062 | 0 | 0 |
| 31 Mar 16 | 3,396 | -1,030 | 0 | 0 |
| 31 Dec 15 | 3,555 | -1,581 | 0 | 0 |
| 30 Sep 15 | 3,849 | -621 | 0 | 0 |
| 30 Jun 15 | 3,994 | -158 | 0 | 0 |
| 31 Mar 15 | 3,810 | -271 | 0 | 0 |
| 31 Dec 14 | 3,744 | 152 | 0 | 0 |
| 30 Sep 14 | 3,647 | 585 | 0 | 0 |
| 30 Jun 14 | 3,512 | 566 | 0 | 0 |
| 31 Mar 14 | 3,551 | 668 | 0 | 0 |
| 31 Dec 13 | 3,506 | 491 | 0 | 0 |
| 30 Sep 13 | 3,447 | 389 | 0 | 0 |
| 30 Jun 13 | 3,338 | 410 | 0 | 0 |
Quality Earnings: SZL has a large one-off gain of NOK299.6M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: SZL became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SZL has become profitable over the past 5 years, growing earnings by 30.3% per year.
Accelerating Growth: SZL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SZL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (44.3%).
Return on Equity
High ROE: SZL's Return on Equity (19.7%) is considered low.