ProPetro Holding Corp (PUMP)
Net 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 | ||
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Net income (ttm) | US$ in thousands | 85,634 | 115,785 | 91,064 | 18,947 | 2,031 | -31,243 | -46,342 | -21,993 | -54,185 | -78,065 | -102,182 | -119,591 | -107,020 | -40,233 | 23,348 | 85,401 | 163,010 | 192,113 | 204,001 | 206,959 |
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 |
Net profit margin | 5.25% | 6.89% | 5.72% | 1.29% | 0.15% | -2.70% | -4.29% | -2.24% | -6.28% | -10.12% | -15.65% | -22.09% | -13.95% | -3.84% | 1.61% | 4.55% | 8.04% | 9.52% | 10.68% | 11.24% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $85,634K ÷ $1,632,321K
= 5.25%
ProPetro Holding Corp's net profit margin has fluctuated over the past five quarters, ranging from -22.09% in March 2021 to a peak of 6.89% in September 2023. The company's profitability improved significantly in the latest quarter, reaching 5.25% at the end of December 2023. This indicates that ProPetro is generating $0.0525 of profit for every dollar of revenue.
The positive trend in net profit margin suggests that ProPetro has been able to control its costs more effectively and/or increase its selling prices relative to its expenses. However, it is important to note that the company experienced significant challenges with negative net profit margins in recent quarters, reflecting operational difficulties or other financial factors impacting its earnings.
Overall, ProPetro Holding Corp's improving net profit margin is a positive indicator of its financial performance, but the company should continue to focus on maintaining or further enhancing its profitability to ensure sustainable growth and financial stability.
Peer comparison
Dec 31, 2023