Patterson-UTI Energy Inc (PTEN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | -461,576 | -589,603 | -362,579 | -323,458 |
| 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 |
| Operating profit margin | 8.59% | 10.79% | 13.98% | 12.30% | 8.09% | -11.69% | -22.66% | -36.65% | -51.67% | -40.82% | -50.10% | -58.05% | -81.71% | -62.40% | -59.79% | -43.01% | -18.99% | -21.57% | -12.04% | -10.14% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $351,954K ÷ $4,096,384K
= 8.59%
The operating profit margin of Patterson-UTI Energy Inc has shown fluctuations over the past few quarters. The company experienced a positive trend from Q1 2022 to Q3 2023, where the operating profit margin steadily increased from -34.81% to 13.77%.
The operating profit margin peaked at 13.77% in Q2 2023 before slightly declining to 12.63% in Q3 2023 and further to 10.46% in Q4 2023. Despite the recent decreases in the last two quarters, the positive trend shows an improvement compared to the negative margins reported in previous quarters.
It is important for Patterson-UTI Energy Inc to continue monitoring and managing its operating expenses and revenue generation strategies to sustain and improve its operating profit margin in the future. fluctuations in the operating profit margin may indicate changes in the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023