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.


Peer comparison

Dec 31, 2023