ProPetro Holding Corp (PUMP)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 115,502 153,423 120,826 28,522 7,387 -35,020 -54,166 -25,445 -68,437 -102,097 -132,652 -152,824 -134,499 -49,329 34,309 113,094 213,504 251,874 265,014 269,752
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
Pretax margin 7.08% 9.13% 7.60% 1.94% 0.55% -3.02% -5.02% -2.59% -7.93% -13.23% -20.32% -28.22% -17.53% -4.71% 2.36% 6.03% 10.53% 12.48% 13.87% 14.66%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $115,502K ÷ $1,632,321K
= 7.08%

The pretax margin of ProPetro Holding Corp has fluctuated over the past five years, ranging from negative figures to double-digit percentages. The company's pretax margin increased steadily from the negative territory in early 2020 to reach a peak of 14.66% in the fourth quarter of 2019. Subsequently, the margin declined in 2020 but showed signs of recovery by the end of the year. The trend continued to improve in 2021, with positive pretax margins achieved throughout the year. However, in 2022 and 2023, the pretax margin demonstrated some volatility, with fluctuations between positive and negative values. Overall, the company has shown resilience in improving its pretax margin, although it remains subject to variability in performance across different quarters.


Peer comparison

Dec 31, 2023