ProPetro Holding Corp (PUMP)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	85,634	2,030	-54,185	-107,020	163,010
Revenue	US$ in thousands	1,625,190	1,278,100	876,900	786,849	2,045,170
Net profit margin		5.27%	0.16%	-6.18%	-13.60%	7.97%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $85,634K ÷ $1,625,190K
= 5.27%

ProPetro Holding Corp's net profit margin has fluctuated significantly over the past five years. In 2023, the net profit margin improved to 5.27%, indicating that the company generated a profit of 5.27 cents for every dollar of revenue. This is a notable improvement from the previous year when the net profit margin was only 0.16%.

Looking back, in 2021 and 2020, the company experienced negative net profit margins of -6.18% and -13.60% respectively, indicating that the company incurred losses during those years. However, in 2019, the net profit margin was relatively healthy at 7.97%, suggesting that the company was profitable that year.

Overall, the fluctuation in ProPetro Holding Corp's net profit margin over the past five years may signal varying levels of operational efficiency, cost management, or changes in the business environment. Analyzing the trend of the net profit margin alongside other financial metrics could provide a more comprehensive understanding of the company's financial performance and sustainability.