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
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.