ProPetro Holding Corp (PUMP)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -137,859 | 85,634 | 2,030 | -54,185 | -107,020 |
| Revenue | US$ in thousands | 1,444,290 | 1,630,400 | 1,279,700 | 874,514 | 789,232 |
| Net profit margin | -9.55% | 5.25% | 0.16% | -6.20% | -13.56% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-137,859K ÷ $1,444,290K
= -9.55%
Based on the net profit margin data provided for ProPetro Holding Corp for the years ending December 31, 2020 to December 31, 2024, the company's performance in generating profits relative to its revenue has shown fluctuations.
- In December 2020, the net profit margin was -13.56%, indicating that the company experienced a loss where expenses exceeded revenues.
- By December 2021, there was an improvement in the net profit margin, though it remained negative at -6.20%, implying that the company continued to operate with a net loss.
- The trend shifted positively in December 2022, as the net profit margin reached 0.16%, suggesting that the company started to generate a small profit.
- Further improvement was seen by December 2023, with a net profit margin of 5.25%, indicating a healthier profit margin and more efficient operations.
- However, the performance declined in December 2024, as the net profit margin decreased to -9.55%, indicating a return to a loss-making position.
Overall, the analysis of ProPetro Holding Corp's net profit margin reveals a mix of both positive and negative trends in profitability over the years, showing a need for the company to focus on controlling costs, improving operational efficiency, and enhancing revenue generation to achieve consistent profitability.
Peer comparison
Dec 31, 2024