ProPetro Holding Corp (PUMP)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	-137,859	-137,906	33,914	76,831	85,634	115,785	91,064	18,947	2,031	-31,243	-46,342	-21,993	-54,185	-78,065	-102,182	-119,591	-76,541	-9,754	53,827	115,880
Revenue (ttm)	US$ in thousands	1,444,286	1,471,508	1,534,444	1,612,672	1,630,399	1,631,548	1,540,758	1,420,592	1,279,702	1,176,847	1,093,932	995,736	874,514	782,788	666,399	555,621	828,956	1,109,405	1,517,542	1,940,927
Net profit margin		-9.55%	-9.37%	2.21%	4.76%	5.25%	7.10%	5.91%	1.33%	0.16%	-2.65%	-4.24%	-2.21%	-6.20%	-9.97%	-15.33%	-21.52%	-9.23%	-0.88%	3.55%	5.97%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-137,859K ÷ $1,444,286K
= -9.55%

ProPetro Holding Corp's net profit margin has displayed significant fluctuations over the period covered. It started positively at 5.97% in March 31, 2020, declined steadily to reach negative values, bottoming out at -21.52% in March 31, 2021. Subsequently, the margin experienced a gradual recovery, with intermittent fluctuations, showing signs of improvement. By December 31, 2024, the net profit margin had recovered to 5.25%.

The negative values observed in the net profit margin signal that ProPetro Holding Corp's expenses were outweighing its revenue during these periods. The improvement in the net profit margin over time suggests that the company may have taken steps to enhance efficiency, reduce costs, or increase revenue generation. The positive trend from 2022 onwards could indicate successful efforts to turn around the profitability of the company. It will be important to monitor future financial data to assess the sustainability of this positive trend.