ProPetro Holding Corp (PUMP)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -169,244 | 115,502 | 7,386 | -68,437 | -134,500 |
| Revenue | US$ in thousands | 1,444,290 | 1,630,400 | 1,279,700 | 874,514 | 789,232 |
| Pretax margin | -11.72% | 7.08% | 0.58% | -7.83% | -17.04% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-169,244K ÷ $1,444,290K
= -11.72%
ProPetro Holding Corp's pretax margin has demonstrated significant fluctuations over the period analyzed. The pretax margin was -17.04% as of December 31, 2020, reflecting a substantial loss before taxes. However, there was an improvement in the pretax margin to -7.83% by December 31, 2021, indicating a narrowing of the loss margin.
By December 31, 2022, the company managed to achieve a pretax margin of 0.58%, entering positive territory. This positive trend continued in the following years, with the pretax margin improving to 7.08% as of December 31, 2023. Nevertheless, there was a setback by December 31, 2024, as the pretax margin decreased to -11.72%.
Overall, the pretax margin of ProPetro Holding Corp has shown variability, highlighting the company's ability to navigate challenging financial conditions and strive towards profitability. It is important for stakeholders to monitor these fluctuations closely to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024