Patterson-UTI Energy Inc (PTEN)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -425,703 | -541,029 | -354,352 | -315,618 |
| Revenue (ttm) | US$ in thousands | 4,096,384 | 3,310,459 | 3,031,160 | 2,893,593 | 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 | 2,430,209 | 2,733,849 | 3,011,238 | 3,190,522 |
| Net profit margin | 6.01% | 8.59% | 11.41% | 9.78% | 5.93% | -13.48% | -23.64% | -36.51% | -49.90% | -36.94% | -46.09% | -53.55% | -73.60% | -57.43% | -53.44% | -38.36% | -17.52% | -19.79% | -11.77% | -9.89% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $246,292K ÷ $4,096,384K
= 6.01%
The net profit margin for Patterson-UTI Energy Inc has shown fluctuations over the past eight quarters. In Q4 2023, the company achieved a net profit margin of 5.94%, which declined from the previous quarter's figure of 8.49%. Despite this decrease, the net profit margin in Q4 2023 is still higher than the levels seen in the same quarter of the previous year (Q4 2022) when it stood at 5.84%.
The highest net profit margin in the past eight quarters was recorded in Q2 2023 at 11.28%, suggesting a period of strong profitability for the company during that quarter. This was followed by Q3 2023 with a net profit margin of 8.49%, indicating continued positive performance.
Conversely, Patterson-UTI Energy Inc experienced significant challenges in terms of profitability in the earlier quarters, with Q1 2022 and Q2 2022 posting negative net profit margins of -35.49% and -23.09%, respectively. These periods reflect periods of financial difficulty for the company, but the situation has improved since then.
Overall, the trend in Patterson-UTI Energy Inc's net profit margin appears to have been volatile, with fluctuations observed in different quarters. Investors and stakeholders may need to monitor the company's future financial performance closely to assess its profitability sustainability.
Peer comparison
Dec 31, 2023