Northern Ocean Past Earnings Performance
Past criteria checks 0/6
Northern Ocean's earnings have been declining at an average annual rate of -29.5%, while the Energy Services industry saw earnings growing at 48.3% annually. Revenues have been growing at an average rate of 44.1% per year.
Key information
-29.5%
Earnings growth rate
14.9%
EPS growth rate
| Energy Services Industry Growth | 23.7% |
| Revenue growth rate | 44.1% |
| Return on equity | -10.5% |
| Net Margin | -17.2% |
| Next Earnings Update | 22 Nov 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Northern Ocean 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 |
|---|---|---|---|---|
| 30 Jun 24 | 303 | -52 | 7 | 0 |
| 31 Mar 24 | 268 | -64 | 7 | 0 |
| 31 Dec 23 | 217 | -71 | 8 | 0 |
| 30 Sep 23 | 151 | -75 | 8 | 0 |
| 30 Jun 23 | 77 | -84 | 7 | 0 |
| 31 Mar 23 | 43 | -95 | 7 | 0 |
| 31 Dec 22 | 22 | -93 | 8 | 0 |
| 30 Sep 22 | 29 | -19 | 9 | 0 |
| 30 Jun 22 | 32 | -18 | 15 | 0 |
| 31 Mar 22 | 43 | -14 | 16 | 0 |
| 31 Dec 21 | 58 | -11 | 16 | 0 |
| 30 Sep 21 | 67 | -70 | 14 | 0 |
| 30 Jun 21 | 84 | -52 | 7 | 0 |
| 31 Mar 21 | 96 | -33 | 5 | 0 |
| 31 Dec 20 | 87 | -37 | 4 | 0 |
| 30 Sep 20 | 72 | -36 | 5 | 0 |
| 30 Jun 20 | 52 | -28 | 3 | 0 |
| 31 Dec 19 | 12 | -8 | 1 | 0 |
| 30 Sep 19 | 0 | -2 | 0 | 0 |
Quality Earnings: NTNO.F is currently unprofitable.
Growing Profit Margin: NTNO.F is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NTNO.F is unprofitable, and losses have increased over the past 5 years at a rate of 29.5% per year.
Accelerating Growth: Unable to compare NTNO.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NTNO.F is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (5.9%).
Return on Equity
High ROE: NTNO.F has a negative Return on Equity (-10.5%), as it is currently unprofitable.