Patterson-UTI Energy Inc (PTEN)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -889,737 | 351,954 | 211,031 | -677,750 | -892,258 |
| Revenue | US$ in thousands | 5,377,910 | 4,146,460 | 2,619,410 | 1,316,530 | 1,090,150 |
| Operating profit margin | -16.54% | 8.49% | 8.06% | -51.48% | -81.85% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-889,737K ÷ $5,377,910K
= -16.54%
Patterson-UTI Energy Inc's operating profit margin has shown significant fluctuations over the years based on the provided data. In December 2020, the company had a notably negative operating profit margin of -81.85%, indicating that its operating expenses significantly exceeded its operating income.
However, there was a gradual improvement in the company's operating performance in the subsequent years. By December 2022, Patterson-UTI Energy Inc achieved a positive operating profit margin of 8.06%, signaling a turnaround in its operational efficiency. This positive trend continued in December 2023, with a slight increase to 8.49%.
Nonetheless, the company experienced a dip in its operating profit margin in December 2024, falling back into negative territory at -16.54%. This decline suggests that Patterson-UTI Energy Inc may have faced challenges or incurred higher costs that impacted its profitability during that period.
Overall, based on the fluctuations in the operating profit margin, Patterson-UTI Energy Inc has showcased variability in its operational efficiency and profitability levels over the years, highlighting the importance of closely monitoring and managing operating expenses to sustain positive margins.
Peer comparison
Dec 31, 2024