Patterson-UTI Energy Inc (PTEN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,817,040 | 5,235,970 | 4,965,064 | 4,430,944 | 3,781,220 | 3,076,867 | 2,895,775 | 2,772,744 | 2,490,010 | 2,129,034 | 1,762,423 | 1,430,771 | 1,166,544 | 1,001,144 | 848,221 | 805,059 | 604,166 | 875,662 | 1,227,846 | 1,641,614 |
| Revenue (ttm) | US$ in thousands | 5,377,910 | 5,800,090 | 5,454,320 | 4,865,015 | 4,146,457 | 3,344,072 | 3,049,150 | 2,901,845 | 2,609,966 | 2,279,773 | 1,910,447 | 1,579,937 | 1,311,774 | 1,080,833 | 929,484 | 887,810 | 1,091,992 | 1,363,488 | 1,745,348 | 2,168,419 |
| Gross profit margin | 89.57% | 90.27% | 91.03% | 91.08% | 91.19% | 92.01% | 94.97% | 95.55% | 95.40% | 93.39% | 92.25% | 90.56% | 88.93% | 92.63% | 91.26% | 90.68% | 55.33% | 64.22% | 70.35% | 75.71% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,817,040K ÷ $5,377,910K
= 89.57%
Patterson-UTI Energy Inc's gross profit margin has shown fluctuations over the period under review. Initially, in March 2020, the company reported a robust gross profit margin of 75.71%, reflecting strong profitability from its core operations. However, this metric declined in subsequent quarters, reaching a low of 55.33% by December 2020, indicating potential challenges in managing production costs or pricing pressures.
From March 2021 onwards, there was a substantial recovery in the gross profit margin, surpassing 90% in several quarters. This improvement suggests that the company was able to enhance efficiency in production or achieve better pricing for its services, leading to higher profitability per dollar of revenue generated.
In the most recent periods, Patterson-UTI Energy Inc has maintained a relatively high gross profit margin, with values consistently above 90%. This indicates sustained efforts to optimize operational performance and control costs effectively, resulting in a healthy margin of profit for the business.
Overall, the trend in Patterson-UTI Energy Inc's gross profit margin reflects a mix of challenges and successes in managing costs and pricing strategies, with recent performance indicating a solid financial position and operational efficiency.
Peer comparison
Dec 31, 2024