Patterson-UTI Energy Inc (PTEN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -889,737 | -746,697 | 253,636 | 312,990 | 351,954 | 357,054 | 423,695 | 355,875 | 211,031 | -266,578 | -432,932 | -579,104 | -677,750 | -441,144 | -465,701 | -515,375 | -892,258 | -850,823 | -1,043,562 | -932,603 |
| 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 |
| Operating profit margin | -16.54% | -12.87% | 4.65% | 6.43% | 8.49% | 10.68% | 13.90% | 12.26% | 8.09% | -11.69% | -22.66% | -36.65% | -51.67% | -40.82% | -50.10% | -58.05% | -81.71% | -62.40% | -59.79% | -43.01% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-889,737K ÷ $5,377,910K
= -16.54%
The operating profit margin of Patterson-UTI Energy Inc has shown a significant improvement over the past few quarters. Starting from negative figures in early 2020, the company was operating at a loss, with margins deep in the negative territory. However, as we move into 2022 and beyond, there has been a notable turnaround.
From March 2022 onwards, the operating profit margin steadily increased, turning positive by December 2022. This positive trend continued through 2023, with the operating profit margin ranging from 6.43% to 13.90%. This indicates that the company managed to generate more profit from its core operations relative to its revenues during this period.
The figures took a slight dip by the end of 2024, with operating profit margin dropping back into negative territory. Overall, the improving trend in operating profit margin from 2022 to 2023 indicates that Patterson-UTI Energy Inc implemented effective cost-control measures or revenue-boosting strategies, resulting in a healthier operational performance during this period.
Peer comparison
Dec 31, 2024