ProPetro Holding Corp (PUMP)

Gross 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
Gross profit (ttm)	US$ in thousands	201,046	1,011,170	945,040	793,699	675,633	734,642	523,349	377,036	212,248	192,237	164,946	148,812	204,953	295,356	406,163	511,523	581,958	577,850	546,820	511,544
Revenue (ttm)	US$ in thousands	1,632,321	1,680,827	1,590,769	1,471,214	1,336,820	1,159,290	1,079,169	981,483	863,284	771,558	652,875	541,465	767,169	1,047,619	1,454,144	1,876,294	2,027,408	2,018,028	1,910,491	1,840,680
Gross profit margin		12.32%	60.16%	59.41%	53.95%	50.54%	63.37%	48.50%	38.41%	24.59%	24.92%	25.26%	27.48%	26.72%	28.19%	27.93%	27.26%	28.70%	28.63%	28.62%	27.79%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $201,046K ÷ $1,632,321K
= 12.32%

ProPetro Holding Corp's gross profit margin has shown variability over the periods presented. The gross profit margin fluctuated between a low of 12.32% in December 2023 and a high of 63.37% in September 2022. Generally, the company has seen an upward trend in gross profit margin since March 2021, indicating a positive trend in the company's ability to generate profits from its core business activities.

The relatively low gross profit margin in December 2023 may suggest potential challenges in generating profits from sales after accounting for the cost of goods sold. It would be essential for the company to assess factors contributing to the decline in gross profit margin in the most recent period and take steps to address them to ensure sustainable profitability.

Overall, while ProPetro Holding Corp has experienced fluctuations in gross profit margin, the trend indicates an improvement in profitability over the analyzed periods. Monitoring and analyzing the factors influencing gross profit margin will be crucial for the company's financial performance and long-term success.