Patterson-UTI Energy Inc (PTEN)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -968,031 | -854,499 | 124,312 | 197,849 | 246,292 | 284,439 | 345,841 | 283,113 | 154,658 | -307,264 | -451,714 | -576,909 | -654,545 | -399,247 | -428,360 | -475,383 | -803,692 | -783,088 | -932,696 | -831,811 |
| 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 |
| Net profit margin | -18.00% | -14.73% | 2.28% | 4.07% | 5.94% | 8.51% | 11.34% | 9.76% | 5.93% | -13.48% | -23.64% | -36.51% | -49.90% | -36.94% | -46.09% | -53.55% | -73.60% | -57.43% | -53.44% | -38.36% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-968,031K ÷ $5,377,910K
= -18.00%
Patterson-UTI Energy Inc's net profit margin has shown significant fluctuations over the analyzed period, ranging from negative percentages to positive percentages.
The net profit margin was consistently negative from March 2020 to June 2022, indicating that the company was experiencing losses relative to its revenue during these periods. The lowest points were observed in December 2020 and March 2021, with net profit margins of -73.60% and -53.55%, respectively.
However, starting from the second half of 2022, there was a notable improvement in the net profit margin, with the company turning losses into positive margins. By December 2022, Patterson-UTI Energy Inc achieved a net profit margin of 5.93%, marking a significant turnaround in its profitability.
The positive trend continued into 2023 and 2024, with the net profit margin further increasing to reach double-digit figures. The highest net profit margin during this period was recorded in June 2023 at 11.34%.
Nonetheless, there were some declines in profitability in the latter part of 2024, with net profit margins once again falling into negative territory in September and December 2024.
Overall, the analysis of Patterson-UTI Energy Inc's net profit margin highlights both the company's challenges in the past and its efforts towards improving profitability, demonstrating periods of losses followed by a recovery and subsequent fluctuations in performance.
Peer comparison
Dec 31, 2024