ProPetro Holding Corp (PUMP)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -169,245 | -167,198 | 56,631 | 108,101 | 115,502 | 153,423 | 120,826 | 28,522 | 7,387 | -35,020 | -54,166 | -25,445 | -68,437 | -102,097 | -132,652 | -152,824 | -97,121 | -11,951 | 71,687 | 150,472 |
| Revenue (ttm) | US$ in thousands | 1,444,286 | 1,471,508 | 1,534,444 | 1,612,672 | 1,630,399 | 1,631,548 | 1,540,758 | 1,420,592 | 1,279,702 | 1,176,847 | 1,093,932 | 995,736 | 874,514 | 782,788 | 666,399 | 555,621 | 828,956 | 1,109,405 | 1,517,542 | 1,940,927 |
| Pretax margin | -11.72% | -11.36% | 3.69% | 6.70% | 7.08% | 9.40% | 7.84% | 2.01% | 0.58% | -2.98% | -4.95% | -2.56% | -7.83% | -13.04% | -19.91% | -27.51% | -11.72% | -1.08% | 4.72% | 7.75% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-169,245K ÷ $1,444,286K
= -11.72%
ProPetro Holding Corp's pretax margin has exhibited significant fluctuations over the periods analyzed. The pretax margin started positively at 7.75% as of March 31, 2020, but declined steadily reaching negative figures by December 31, 2020. The trend of negative pretax margins continued until March 31, 2023, hitting a low of -27.51%. However, there was a notable improvement in the pretax margin from June 30, 2023, onwards, with the margin turning positive again and showing an upward trajectory through December 31, 2024, reaching 7.08%. Despite some fluctuations, the pretax margin by the end of the period analyzed was relatively stable at an acceptable level of around 7%.
Peer comparison
Dec 31, 2024