ProPetro Holding Corp (PUMP)
Operating 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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Operating income (ttm) | US$ in thousands | 130,343 | 156,920 | 125,890 | 33,141 | -2,588 | -43,285 | -62,832 | -34,313 | -68,695 | -102,331 | -132,889 | -152,464 | -131,242 | -44,897 | 40,116 | 120,145 | 221,361 | 242,833 | 255,722 | 260,571 |
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 |
Operating profit margin | 7.99% | 9.34% | 7.91% | 2.25% | -0.19% | -3.73% | -5.82% | -3.50% | -7.96% | -13.26% | -20.35% | -28.16% | -17.11% | -4.29% | 2.76% | 6.40% | 10.92% | 12.03% | 13.39% | 14.16% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $130,343K ÷ $1,632,321K
= 7.99%
The operating profit margin of ProPetro Holding Corp has shown fluctuations over the past few years. In the most recent quarter, the operating profit margin was 7.99%, indicating that the company generated a profit of approximately 7.99 cents for every dollar of sales after deducting operating expenses. This represents an improvement compared to the previous quarter at 9.34%.
Looking further back, the operating profit margin has experienced variability, with some periods showing negative margins, indicating that operating expenses exceeded operating profits. The trend of improving margins in recent quarters suggests that the company may be effectively managing its operational costs and improving profitability.
It is important for stakeholders to monitor the operating profit margin closely to ensure sustainable profitability and efficient operations. Additional analysis of the company's cost structure and revenue generation capabilities would provide further insights into the factors influencing the operating profit margin of ProPetro Holding Corp.
Peer comparison
Dec 31, 2023