ProPetro Holding Corp (PUMP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 644,084 | 317,712 | 268,773 | 78,871 | 51,663 |
| Revenue | US$ in thousands | 1,444,290 | 1,630,400 | 1,279,700 | 874,514 | 789,232 |
| Gross profit margin | 44.60% | 19.49% | 21.00% | 9.02% | 6.55% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $644,084K ÷ $1,444,290K
= 44.60%
The gross profit margin of ProPetro Holding Corp has exhibited a positive trend over the past five years, starting at 6.55% on December 31, 2020, and steadily increasing to 44.60% by December 31, 2024. This indicates a significant improvement in the company's ability to generate profits from its core operations after accounting for direct costs of goods sold.
The substantial increase in the gross profit margin reflects enhanced efficiency in managing production costs, pricing strategies, or a shift towards higher-margin products or services. ProPetro Holding Corp's ability to boost its gross profit margin suggests effective cost control measures and potentially increased competitiveness in its industry. This trend may signal improved overall financial health and operational performance for the company.
Peer comparison
Dec 31, 2024