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
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.