ProPetro Holding Corp (PUMP)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 12.32% | 60.16% | 59.41% | 53.95% | 50.54% | 63.37% | 48.50% | 38.41% | 24.59% | 24.92% | 25.26% | 27.48% | 26.72% | 28.19% | 27.93% | 27.26% | 28.70% | 28.63% | 28.62% | 27.79% |
| 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% |
| 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% |
| Net profit margin | 5.25% | 6.89% | 5.72% | 1.29% | 0.15% | -2.70% | -4.29% | -2.24% | -6.28% | -10.12% | -15.65% | -22.09% | -13.95% | -3.84% | 1.61% | 4.55% | 8.04% | 9.52% | 10.68% | 11.24% |
ProPetro Holding Corp's profitability ratios fluctuated over the periods analyzed. The gross profit margin ranged from 12.32% to 63.37%, showing variability in the efficiency of the company's production process and cost management. The operating profit margin fluctuated from -7.96% to 9.34%, indicating fluctuations in the company's ability to generate profit from its core operations.
The pretax margin ranged from -28.22% to 10.53%, indicating variability in the company's profitability before accounting for taxes and interest expenses. The net profit margin ranged from -15.65% to 6.89%, demonstrating the company's ability to convert revenue into profit after all expenses have been taken into account.
Overall, ProPetro Holding Corp's profitability ratios show a mix of positive and negative trends, suggesting fluctuations in operational efficiency and financial performance over the periods analyzed. Further analysis and comparison with industry benchmarks may provide additional insights into the company's financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 8.81% | 10.66% | 8.78% | 2.38% | -0.19% | -3.78% | -4.70% | -3.16% | -6.47% | -9.31% | -12.46% | -14.59% | -12.49% | -4.27% | 3.82% | 11.43% | 15.41% | 16.91% | 17.81% | 18.49% |
| Return on assets (ROA) | 5.78% | 7.86% | 6.35% | 1.36% | 0.15% | -2.73% | -3.47% | -2.03% | -5.11% | -7.10% | -9.58% | -11.45% | -10.19% | -3.83% | 2.22% | 8.13% | 11.35% | 13.38% | 14.21% | 14.69% |
| Return on total capital | 11.58% | 14.64% | 11.56% | 3.03% | 0.91% | -4.07% | -6.50% | -2.94% | -8.21% | -12.04% | -15.63% | -17.89% | -15.17% | -5.01% | 4.22% | 11.16% | 20.07% | 24.16% | 25.72% | 26.93% |
| Return on equity (ROE) | 8.58% | 11.27% | 9.03% | 1.93% | 0.21% | -3.76% | -5.67% | -2.60% | -6.56% | -9.26% | -12.10% | -14.11% | -12.29% | -4.41% | 2.49% | 8.88% | 16.82% | 20.35% | 22.44% | 23.80% |
ProPetro Holding Corp's profitability ratios show a mixed performance over the past five quarters.
1. Operating return on assets (Operating ROA) indicates the company's ability to generate operating income from its assets. It has been fluctuating, ranging from 8.81% to -14.59%. The highest value was recorded in Sep 2023, while the lowest was in Mar 2021.
2. Return on assets (ROA) measures the company's overall profitability relative to its total assets. ProPetro's ROA has also been erratic, varying between 5.78% and -11.45%. The peak was in Dec 2019, and the trough was in Mar 2021.
3. Return on total capital reflects the return generated from all forms of capital, including debt and equity. ProPetro's performance in this ratio has been inconsistent, with values ranging from 11.58% to -17.89%. The highest value was seen in Dec 2019, while the lowest was in Mar 2021.
4. Return on equity (ROE) measures the return on shareholders' equity investments. ProPetro's ROE fluctuated between 8.58% and -14.11%. The highest ROE was in Dec 2019, and the lowest was in Mar 2021.
Overall, ProPetro Holding Corp has experienced ups and downs in its profitability ratios, indicating fluctuations in its ability to generate profits relative to its assets, total capital, and shareholder equity. This may suggest varying levels of operational efficiency, financial leverage, and profitability over the analyzed period.