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