ProPetro Holding Corp (PUMP)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 529,761 | 130,343 | 168,595 | -3,177 | -35,979 |
| Revenue | US$ in thousands | 1,444,290 | 1,630,400 | 1,279,700 | 874,514 | 789,232 |
| Operating profit margin | 36.68% | 7.99% | 13.17% | -0.36% | -4.56% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $529,761K ÷ $1,444,290K
= 36.68%
ProPetro Holding Corp's operating profit margin has shown significant fluctuations over the years based on the provided data. The company experienced negative operating profit margins in 2020 (-4.56%) and 2021 (-0.36%), indicating that its operational expenses exceeded its revenues during those periods. However, a positive trend emerged in subsequent years, with the operating profit margin improving to 13.17% in 2022, 7.99% in 2023, and notably jumping to 36.68% in 2024.
The increase in operating profit margin from negative figures to double-digit percentages suggests that ProPetro Holding Corp implemented effective cost management strategies or increased its revenue generation capabilities. This improvement is a positive indicator of the company's operational efficiency and profitability, reflecting potential enhancements in its business performance and financial health over the analyzed period.
Peer comparison
Dec 31, 2024