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.


Peer comparison

Dec 31, 2023