ProPetro (PUMP) Financials

$5.22 +0.05 (+0.87%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$5.32 +0.10 (+1.99%)

As of 05:02 AM Eastern

Annual Income Statements for ProPetro

This table shows ProPetro's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	2.03	86	-138
Consolidated Net Income / (Loss)	2.03	86	-138
Net Income / (Loss) Continuing Operations	2.03	86	-138
Total Pre-Tax Income	7.39	116	-169
Total Operating Income	-2.59	130	-167
Total Gross Profit	397	1,630	1,444
Total Revenue	1,280	1,630	1,444
Operating Revenue	1,280	1,630	1,444
Total Cost of Revenue	883	0.00	0.00
Total Operating Expenses	399	1,500	1,611
Selling, General & Admin Expense	112	114	114
Depreciation Expense	128	181	212
Other Operating Expenses / (Income)	-	1,132	1,066
Impairment Charge	57	0.00	212
Other Special Charges / (Income)	102	73	7.45
Total Other Income / (Expense), net	9.98	-15	-2.28
Interest Expense	1.61	5.31	7.82
Other Income / (Expense), net	12	-9.53	5.53
Income Tax Expense	5.36	30	-31
Basic Earnings per Share	$0.02	$0.76	($1.31)
Weighted Average Basic Shares Outstanding	105.87M	113.00M	105.47M
Diluted Earnings per Share	$0.02	$0.76	($1.31)
Weighted Average Diluted Shares Outstanding	106.94M	113.42M	105.47M
Weighted Average Basic & Diluted Shares Outstanding	115.06M	107.57M	103.17M

This table shows ProPetro's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	10	13	29	39	35	-17	20	-3.66	-137	-17
Consolidated Net Income / (Loss)	10	13	29	39	35	-17	20	-3.66	-137	-17
Net Income / (Loss) Continuing Operations	10	13	29	39	35	-17	20	-3.66	-137	-17
Total Pre-Tax Income	13	20	37	51	45	-18	30	-0.10	-178	-20
Total Operating Income	14	18	41	52	45	-8.28	30	-0.53	-180	-17
Total Gross Profit	109	-310	143	435	424	628	406	357	361	321
Total Revenue	333	349	424	435	424	348	406	357	361	321
Operating Revenue	333	349	424	435	424	348	406	357	361	321
Total Operating Expenses	95	-328	102	383	379	637	376	358	541	337
Selling, General & Admin Expense	28	27	29	29	29	28	28	31	28	27
Depreciation Expense	42	14	38	41	45	56	52	58	54	48
Other Operating Expenses / (Income)	-	-	-	298	292	-	289	266	268	243
Other Special Charges / (Income)	25	48	35	15	13	11	6.46	3.28	2.15	-4.43
Total Other Income / (Expense), net	-0.85	1.27	-4.37	-1.11	0.71	-10	-0.62	0.44	1.66	-3.76
Interest Expense	0.24	0.57	0.67	1.18	1.17	2.29	2.03	1.97	1.94	1.88
Other Income / (Expense), net	-0.62	1.84	-3.70	0.07	1.88	-7.78	1.41	2.40	3.60	-1.88
Income Tax Expense	2.77	6.52	8.36	12	11	-1.25	9.76	3.57	-41	-3.34
Basic Earnings per Share	$0.10	$0.13	$0.25	$0.34	$0.31	($0.14)	$0.18	($0.03)	($1.32)	($0.14)
Weighted Average Basic Shares Outstanding	104.37M	105.87M	114.88M	114.74M	112.29M	113.00M	108.54M	106.30M	104.12M	105.47M
Diluted Earnings per Share	$0.10	$0.13	$0.25	$0.34	$0.31	($0.14)	$0.18	($0.03)	($1.32)	($0.14)
Weighted Average Diluted Shares Outstanding	105.07M	106.94M	115.33M	114.80M	112.70M	113.42M	108.99M	106.30M	104.12M	105.47M
Weighted Average Basic & Diluted Shares Outstanding	114.55M	115.06M	115.23M	112.77M	110.24M	107.57M	107.04M	104.16M	102.93M	103.17M

This table details how cash moves in and out of ProPetro's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-23	-56	17
Net Cash From Operating Activities	300	375	252
Net Cash From Continuing Operating Activities	300	375	252
Net Income / (Loss) Continuing Operations	2.03	86	-138
Consolidated Net Income / (Loss)	2.03	86	-138
Depreciation Expense	128	181	212
Amortization Expense	0.79	0.36	0.44
Non-Cash Adjustments To Reconcile Net Income	181	90	234
Changes in Operating Assets and Liabilities, net	-11	18	-56
Net Cash From Investing Activities	-350	-384	-155
Net Cash From Continuing Investing Activities	-350	-384	-155
Purchase of Property, Plant & Equipment	-320	-371	-140
Acquisitions	-39	-22	-21
Sale of Property, Plant & Equipment	8.58	8.96	6.24
Net Cash From Financing Activities	26	-46	-80
Net Cash From Continuing Financing Activities	26	-46	-80
Repayment of Debt	-0.82	-16	-0.97
Repurchase of Common Equity	0.00	-52	-59
Issuance of Debt	30	30	0.00
Other Financing Activities, net	-2.92	-8.21	-20

This table details how cash moves in and out of ProPetro's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-27	46	-44	17	-7.78	-21	13	20	-20	3.88
Net Cash From Operating Activities	72	125	73	114	118	70	75	105	35	38
Net Cash From Continuing Operating Activities	72	125	73	114	118	70	75	105	35	38
Net Income / (Loss) Continuing Operations	10	13	29	39	35	-17	20	-3.66	-137	-17
Consolidated Net Income / (Loss)	10	13	29	39	35	-17	20	-3.66	-137	-17
Depreciation Expense	42	7.54	38	41	45	56	52	58	54	48
Amortization Expense	0.07	0.07	0.06	0.08	0.11	0.11	0.11	0.11	0.11	0.11
Non-Cash Adjustments To Reconcile Net Income	29	56	42	19	14	15	11	7.24	196	20
Changes in Operating Assets and Liabilities, net	-9.49	49	-36	15	24	15	-8.22	44	-78	-13
Net Cash From Investing Activities	-98	-110	-114	-108	-91	-71	-34	-57	-40	-24
Net Cash From Continuing Investing Activities	-98	-110	-114	-108	-91	-71	-34	-57	-40	-24
Purchase of Property, Plant & Equipment	-103	-73	-115	-109	-97	-50	-35	-37	-41	-28
Sale of Property, Plant & Equipment	4.26	1.37	1.09	0.96	5.93	0.98	0.74	1.18	0.96	3.35
Net Cash From Financing Activities	0.17	30	-3.38	11	-35	-19	-28	-27	-15	-9.49
Net Cash From Continuing Financing Activities	0.17	30	-3.38	11	-35	-19	-28	-27	-15	-9.49
Repayment of Debt	-	-	-	-	-15	-	-	-	-	-0.97
Repurchase of Common Equity	-	-	0.00	-17	-19	-15	-23	-23	-10	-3.38
Other Financing Activities, net	0.17	-0.04	-3.38	-0.00	-1.01	-3.81	-5.36	-4.45	-4.63	-5.59

This table presents ProPetro's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,336	1,480	1,224
Total Current Assets	329	311	292
Cash & Equivalents	89	33	50
Short-Term Investments	10	7.75	7.85
Accounts Receivable	216	237	196
Inventories, net	5.03	18	16
Prepaid Expenses	8.64	15	18
Other Current Assets	0.04	0.35	4.05
Plant, Property, & Equipment, net	923	967	688
Total Noncurrent Assets	84	202	243
Noncurrent Note & Lease Receivables	0.00	47	31
Goodwill	24	24	0.92
Intangible Assets	56	51	65
Other Noncurrent Operating Assets	4.30	81	147
Total Liabilities & Shareholders' Equity	1,336	1,480	1,224
Total Liabilities	382	482	407
Total Current Liabilities	284	271	222
Accounts Payable	234	161	93
Accrued Expenses	49	76	71
Other Current Liabilities	0.85	34	58
Total Noncurrent Liabilities	98	211	185
Long-Term Debt	30	45	45
Noncurrent Deferred & Payable Income Tax Liabilities	65	93	60
Other Noncurrent Operating Liabilities	2.31	73	80
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	954	998	816
Total Preferred & Common Equity	954	998	816
Preferred Stock	0.00	0.00	0.00
Total Common Equity	954	998	816
Common Stock	971	929	885
Retained Earnings	-17	69	-69

This table presents ProPetro's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,144	1,394	1,433	1,472	1,534	1,512	1,280
Total Current Assets	300	369	347	350	360	327	307
Cash & Equivalents	43	45	62	54	46	67	47
Short-Term Investments	8.50	6.49	6.44	8.16	7.14	7.80	7.41
Accounts Receivable	211	290	251	261	274	221	226
Inventories, net	3.94	18	18	16	19	19	17
Prepaid Expenses	4.03	9.21	8.61	8.75	13	12	9.45
Other Current Assets	30	0.34	0.70	2.11	0.16	1.15	1.04
Plant, Property, & Equipment, net	842	941	1,001	992	947	923	717
Total Noncurrent Assets	1.85	84	85	131	227	262	257
Noncurrent Note & Lease Receivables	-	-	-	26	43	40	36
Goodwill	-	24	24	24	24	27	27
Intangible Assets	-	55	53	52	49	67	65
Other Noncurrent Operating Assets	1.85	5.72	8.04	29	111	127	129
Total Liabilities & Shareholders' Equity	1,144	1,394	1,433	1,472	1,534	1,512	1,280
Total Liabilities	313	411	425	445	536	536	447
Total Current Liabilities	254	304	276	274	304	296	255
Accounts Payable	187	246	218	195	189	159	129
Accrued Expenses	66	57	57	65	71	88	74
Other Current Liabilities	0.49	0.99	1.13	14	44	49	52
Total Noncurrent Liabilities	59	107	149	171	232	241	192
Long-Term Debt	-	30	60	45	45	45	45
Noncurrent Deferred & Payable Income Tax Liabilities	59	73	84	94	101	103	64
Other Noncurrent Operating Liabilities	0.12	3.68	4.56	32	86	92	84
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	831	983	1,008	1,027	998	976	833
Total Preferred & Common Equity	831	983	1,008	1,027	998	976	833
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	831	983	1,008	1,027	998	976	833
Common Stock	860	971	957	941	909	891	885
Retained Earnings	-30	12	51	86	89	85	-52

This table displays calculated financial ratios and metrics derived from ProPetro's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	46.33%	27.40%	-11.42%
EBITDA Growth	108.61%	119.06%	-83.20%
EBIT Growth	113.26%	1,243.68%	-233.62%
NOPAT Growth	98.52%	13,670.33%	-220.94%
Net Income Growth	103.75%	4,118.42%	-260.99%
EPS Growth	103.77%	3,700.00%	-272.37%
Operating Cash Flow Growth	94.18%	24.74%	-32.68%
Free Cash Flow Firm Growth	-533.15%	87.87%	496.96%
Invested Capital Growth	23.87%	13.27%	-19.89%
Revenue Q/Q Growth	8.74%	-0.07%	-1.85%
EBITDA Q/Q Growth	14.23%	4.30%	-17.66%
EBIT Q/Q Growth	126.57%	-23.05%	-1.54%
NOPAT Q/Q Growth	97.65%	-18.40%	-5.27%
Net Income Q/Q Growth	106.50%	-26.04%	0.03%
EPS Q/Q Growth	106.45%	-26.21%	0.00%
Operating Cash Flow Q/Q Growth	36.31%	-12.96%	-11.20%
Free Cash Flow Firm Q/Q Growth	-236.29%	81.55%	10.17%
Invested Capital Q/Q Growth	13.62%	-0.75%	-2.55%
Profitability Metrics	-	-	-
Gross Margin	31.01%	100.00%	100.00%
EBITDA Margin	10.77%	18.53%	3.51%
Operating Margin	-0.20%	7.99%	-11.56%
EBIT Margin	0.70%	7.41%	-11.18%
Profit (Net Income) Margin	0.16%	5.25%	-9.55%
Tax Burden Percent	27.48%	74.14%	81.46%
Interest Burden Percent	82.15%	95.61%	104.84%
Effective Tax Rate	72.52%	25.86%	0.00%
Return on Invested Capital (ROIC)	-0.09%	10.24%	-12.95%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.12%	43.97%	434.01%
Return on Net Nonoperating Assets (RNNOA)	0.32%	-1.47%	-2.25%
Return on Equity (ROE)	0.23%	8.77%	-15.19%
Cash Return on Invested Capital (CROIC)	-21.41%	-2.20%	9.13%
Operating Return on Assets (OROA)	0.75%	8.58%	-11.94%
Return on Assets (ROA)	0.17%	6.08%	-10.20%
Return on Common Equity (ROCE)	0.23%	8.77%	-15.19%
Return on Equity Simple (ROE_SIMPLE)	0.21%	8.58%	-16.89%
Net Operating Profit after Tax (NOPAT)	-0.71	97	-117
NOPAT Margin	-0.06%	5.93%	-8.09%
Net Nonoperating Expense Percent (NNEP)	3.03%	-33.73%	-446.96%
Return On Investment Capital (ROIC_SIMPLE)	-0.07%	9.26%	-13.57%
Cost of Revenue to Revenue	68.99%	0.00%	0.00%
SG&A Expenses to Revenue	8.73%	7.01%	7.92%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.22%	92.01%	111.56%
Earnings before Interest and Taxes (EBIT)	8.99	121	-161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	138	302	51
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.25	0.93	1.18
Price to Tangible Book Value (P/TBV)	1.36	1.00	1.28
Price to Revenue (P/Rev)	0.93	0.57	0.66
Price to Earnings (P/E)	585.19	10.79	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.17%	9.27%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.26	0.93	1.18
Enterprise Value to Revenue (EV/Rev)	0.87	0.57	0.66
Enterprise Value to EBITDA (EV/EBITDA)	8.11	3.07	18.66
Enterprise Value to EBIT (EV/EBIT)	124.43	7.68	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	9.60	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.72	2.48	3.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	11.49
Leverage & Solvency	-	-	-
Debt to Equity	0.03	0.05	0.06
Long-Term Debt to Equity	0.03	0.05	0.06
Financial Leverage	-0.10	-0.03	-0.01
Leverage Ratio	1.35	1.44	1.49
Compound Leverage Factor	1.11	1.38	1.56
Debt to Total Capital	3.05%	4.31%	5.22%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	3.05%	4.31%	5.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.95%	95.69%	94.78%
Debt to EBITDA	0.22	0.15	0.89
Net Debt to EBITDA	-0.50	0.01	-0.26
Long-Term Debt to EBITDA	0.22	0.15	0.89
Debt to NOPAT	-42.13	0.47	-0.39
Net Debt to NOPAT	97.10	0.04	0.11
Long-Term Debt to NOPAT	-42.13	0.47	-0.39
Altman Z-Score	2.87	2.62	2.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.16	1.15	1.31
Quick Ratio	1.11	1.03	1.14
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-171	-21	82
Operating Cash Flow to CapEx	96.57%	103.55%	188.19%
Free Cash Flow to Firm to Interest Expense	-106.68	-3.91	10.55
Operating Cash Flow to Interest Expense	187.18	70.60	32.28
Operating Cash Flow Less CapEx to Interest Expense	-6.65	2.42	15.13
Efficiency Ratios	-	-	-
Asset Turnover	1.07	1.16	1.07
Accounts Receivable Turnover	7.44	7.20	6.67
Inventory Turnover	196.55	0.00	0.00
Fixed Asset Turnover	1.48	1.73	1.75
Accounts Payable Turnover	4.56	0.00	0.00
Days Sales Outstanding (DSO)	49.07	50.70	54.71
Days Inventory Outstanding (DIO)	1.86	0.00	0.00
Days Payable Outstanding (DPO)	79.99	0.00	0.00
Cash Conversion Cycle (CCC)	-29.07	50.70	54.71
Capital & Investment Metrics	-	-	-
Invested Capital	885	1,002	803
Invested Capital Turnover	1.60	1.73	1.60
Increase / (Decrease) in Invested Capital	171	117	-199
Enterprise Value (EV)	1,119	928	947
Market Capitalization	1,188	924	960
Book Value per Share	$8.33	$9.06	$7.93
Tangible Book Value per Share	$7.63	$8.38	$7.29
Total Capital	984	1,043	861
Total Debt	30	45	45
Total Long-Term Debt	30	45	45
Net Debt	-69	3.90	-13
Capital Expenditures (CapEx)	311	362	134
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-55	-1.44	12
Debt-free Net Working Capital (DFNWC)	45	40	70
Net Working Capital (NWC)	45	40	70
Net Nonoperating Expense (NNE)	-2.74	11	21
Net Nonoperating Obligations (NNO)	-69	3.90	-13
Total Depreciation and Amortization (D&A)	129	181	212
Debt-free, Cash-free Net Working Capital to Revenue	-4.26%	-0.09%	0.81%
Debt-free Net Working Capital to Revenue	3.49%	2.43%	4.84%
Net Working Capital to Revenue	3.49%	2.43%	4.84%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.76	($1.31)
Adjusted Weighted Average Basic Shares Outstanding	105.87M	113.00M	105.47M
Adjusted Diluted Earnings per Share	$0.02	$0.76	($1.31)
Adjusted Weighted Average Diluted Shares Outstanding	106.94M	113.42M	105.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	115.06M	107.57M	103.17M
Normalized Net Operating Profit after Tax (NOPAT)	110	151	37
Normalized NOPAT Margin	8.59%	9.25%	2.56%
Pre Tax Income Margin	0.58%	7.08%	-11.72%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	5.60	22.76	-20.66
NOPAT to Interest Expense	-0.44	18.21	-14.95
EBIT Less CapEx to Interest Expense	-188.23	-45.42	-37.81
NOPAT Less CapEx to Interest Expense	-194.28	-49.98	-32.11
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	60.42%	-42.88%

This table displays calculated financial ratios and metrics derived from ProPetro's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.15%	41.80%	49.84%	38.14%	27.26%	-0.33%	-4.19%	-17.97%	-14.85%	-7.83%
EBITDA Growth	99.17%	162.76%	58.27%	1,170.31%	68.25%	44.91%	10.43%	-36.53%	-232.65%	-27.09%
EBIT Growth	310.17%	188.63%	134.68%	230.54%	257.18%	-179.83%	-15.99%	-96.44%	-479.02%	-15.29%
NOPAT Growth	359.36%	177.76%	656.65%	242.28%	219.67%	-147.55%	-36.65%	-100.93%	-468.54%	-100.98%
Net Income Growth	297.99%	164.46%	143.15%	219.47%	246.42%	-231.19%	-30.64%	-109.32%	-494.40%	0.27%
EPS Growth	300.00%	165.00%	127.27%	206.25%	210.00%	-207.69%	-28.00%	-108.82%	-525.81%	0.00%
Operating Cash Flow Growth	49.95%	176.05%	190.27%	45.84%	64.79%	-44.48%	2.41%	-7.91%	-70.63%	-45.65%
Free Cash Flow Firm Growth	-110.42%	-320.08%	-896.83%	-6,164.99%	-1,885.39%	22.18%	95.06%	125.07%	130.38%	252.32%
Invested Capital Growth	2.72%	23.87%	23.85%	33.80%	29.66%	13.27%	2.90%	-5.37%	-18.40%	-19.89%
Revenue Q/Q Growth	5.69%	4.78%	21.39%	2.76%	-2.63%	-17.94%	16.70%	-12.03%	1.08%	-11.17%
EBITDA Q/Q Growth	641.22%	-49.31%	174.44%	23.21%	-1.83%	-56.34%	1,024.61%	-29.19%	-305.18%	124.00%
EBIT Q/Q Growth	132.38%	54.38%	87.60%	39.20%	-11.40%	-134.50%	297.40%	-94.10%	-9,538.13%	89.51%
NOPAT Q/Q Growth	137.96%	13.96%	163.40%	24.86%	-14.71%	-116.95%	450.96%	-101.83%	-33,688.37%	90.76%
Net Income Q/Q Growth	130.53%	29.99%	120.33%	36.63%	-11.47%	-149.23%	216.49%	-118.36%	-3,645.00%	87.55%
EPS Q/Q Growth	131.25%	30.00%	92.31%	36.00%	-8.82%	-145.16%	228.57%	-116.67%	-4,300.00%	89.39%
Operating Cash Flow Q/Q Growth	-8.31%	75.14%	-41.77%	55.97%	3.60%	-40.99%	7.39%	40.25%	-66.96%	9.21%
Free Cash Flow Firm Q/Q Growth	-192.30%	-1,497.08%	3.30%	-38.79%	7.37%	37.40%	93.86%	804.35%	12.23%	213.89%
Invested Capital Q/Q Growth	4.23%	13.62%	8.67%	3.97%	1.00%	-0.75%	-1.27%	-4.38%	-12.91%	-2.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.70%	-88.78%	33.78%	100.00%	100.00%	180.65%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	16.43%	7.95%	17.96%	21.54%	21.72%	11.55%	20.71%	16.67%	-33.83%	9.14%
Operating Margin	4.10%	5.24%	9.79%	12.06%	10.54%	-2.38%	7.47%	-0.15%	-49.91%	-5.19%
EBIT Margin	3.91%	5.77%	8.91%	12.07%	10.99%	-4.62%	7.82%	0.52%	-48.91%	-5.78%
Profit (Net Income) Margin	3.01%	3.74%	6.78%	9.02%	8.20%	-4.92%	4.91%	-1.03%	-37.98%	-5.32%
Tax Burden Percent	78.38%	66.67%	77.47%	76.41%	76.55%	93.19%	67.13%	3,852.63%	76.82%	83.62%
Interest Burden Percent	98.18%	97.19%	98.23%	97.75%	97.49%	114.27%	93.60%	-5.08%	101.10%	110.16%
Effective Tax Rate	21.63%	33.33%	22.53%	23.59%	23.45%	0.00%	32.87%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.92%	5.59%	12.40%	16.25%	14.72%	-2.88%	8.29%	-0.16%	-56.06%	-5.82%
ROIC Less NNEP Spread (ROIC-NNEP)	5.90%	4.66%	19.75%	18.41%	13.15%	31.79%	11.09%	17.03%	27.09%	109.38%
Return on Net Nonoperating Assets (RNNOA)	-0.48%	-0.47%	-0.99%	-0.79%	-0.49%	-1.06%	-0.17%	-0.33%	-0.39%	-0.57%
Return on Equity (ROE)	4.44%	5.12%	11.40%	15.46%	14.24%	-3.94%	8.12%	-0.49%	-56.45%	-6.38%
Cash Return on Invested Capital (CROIC)	-6.62%	-21.41%	-18.78%	-18.05%	-12.59%	-2.20%	5.82%	9.59%	8.16%	9.13%
Operating Return on Assets (OROA)	4.11%	6.16%	10.22%	14.88%	13.71%	-5.35%	8.61%	0.55%	-52.29%	-6.17%
Return on Assets (ROA)	3.16%	3.99%	7.78%	11.11%	10.23%	-5.70%	5.41%	-1.07%	-40.61%	-5.69%
Return on Common Equity (ROCE)	4.44%	5.12%	11.40%	15.46%	14.24%	-3.94%	8.12%	-0.49%	-56.45%	-6.38%
Return on Equity Simple (ROE_SIMPLE)	-3.76%	0.00%	1.93%	9.03%	11.27%	0.00%	7.70%	3.48%	-16.56%	0.00%
Net Operating Profit after Tax (NOPAT)	11	12	32	40	34	-5.80	20	-0.37	-126	-12
NOPAT Margin	3.21%	3.49%	7.58%	9.21%	8.07%	-1.67%	5.01%	-0.10%	-34.93%	-3.64%
Net Nonoperating Expense Percent (NNEP)	-0.98%	0.94%	-7.36%	-2.16%	1.58%	-34.67%	-2.80%	-17.19%	-83.15%	-115.20%
Return On Investment Capital (ROIC_SIMPLE)	-	1.24%	-	-	-	-0.56%	-	-	-	-1.35%
Cost of Revenue to Revenue	67.30%	188.78%	66.22%	0.00%	0.00%	-80.65%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	8.47%	7.66%	6.79%	6.67%	6.75%	8.05%	6.95%	8.66%	7.86%	8.37%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.60%	-94.02%	23.99%	87.94%	89.46%	183.03%	92.53%	100.15%	149.91%	105.19%
Earnings before Interest and Taxes (EBIT)	13	20	38	53	47	-16	32	1.87	-176	-19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	55	28	76	94	92	40	84	60	-122	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.01	1.25	0.84	0.94	1.17	0.93	0.87	0.95	0.96	1.18
Price to Tangible Book Value (P/TBV)	1.01	1.36	0.91	1.02	1.26	1.00	0.94	1.05	1.08	1.28
Price to Revenue (P/Rev)	0.71	0.93	0.58	0.62	0.73	0.57	0.54	0.60	0.54	0.66
Price to Earnings (P/E)	0.00	585.19	43.66	10.43	10.35	10.79	11.31	27.36	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.17%	2.29%	9.59%	9.66%	9.27%	8.84%	3.65%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.01	1.26	0.84	0.94	1.17	0.93	0.87	0.95	0.96	1.18
Enterprise Value to Revenue (EV/Rev)	0.67	0.87	0.57	0.61	0.72	0.57	0.53	0.59	0.54	0.66
Enterprise Value to EBITDA (EV/EBITDA)	6.53	8.11	4.86	3.73	4.08	3.07	2.78	3.26	12.80	18.66
Enterprise Value to EBIT (EV/EBIT)	0.00	124.43	26.29	7.62	7.52	7.68	7.50	14.02	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	36.61	9.92	9.98	9.60	10.16	22.67	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.58	3.72	2.31	2.45	2.74	2.48	2.29	2.44	2.78	3.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	15.15	9.63	10.54	11.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.03	0.03	0.06	0.04	0.05	0.05	0.05	0.05	0.06
Long-Term Debt to Equity	0.00	0.03	0.03	0.06	0.04	0.05	0.05	0.05	0.05	0.06
Financial Leverage	-0.08	-0.10	-0.05	-0.04	-0.04	-0.03	-0.02	-0.02	-0.01	-0.01
Leverage Ratio	1.34	1.35	1.35	1.37	1.41	1.44	1.48	1.48	1.48	1.49
Compound Leverage Factor	1.32	1.31	1.33	1.34	1.37	1.65	1.38	-0.08	1.50	1.64
Debt to Total Capital	0.00%	3.05%	2.96%	5.62%	4.20%	4.31%	4.31%	4.41%	5.13%	5.22%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	3.05%	2.96%	5.62%	4.20%	4.31%	4.31%	4.41%	5.13%	5.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	96.95%	97.04%	94.38%	95.80%	95.69%	95.69%	95.59%	94.87%	94.78%
Debt to EBITDA	0.00	0.22	0.18	0.24	0.16	0.15	0.15	0.16	0.73	0.89
Net Debt to EBITDA	0.00	-0.50	-0.13	-0.03	-0.06	0.01	-0.03	-0.11	-0.15	-0.26
Long-Term Debt to EBITDA	0.00	0.22	0.18	0.24	0.16	0.15	0.15	0.16	0.73	0.89
Debt to NOPAT	0.00	-42.13	1.36	0.63	0.38	0.47	0.53	1.14	-0.41	-0.39
Net Debt to NOPAT	0.00	97.10	-0.97	-0.09	-0.15	0.04	-0.10	-0.75	0.08	0.11
Long-Term Debt to NOPAT	0.00	-42.13	1.36	0.63	0.38	0.47	0.53	1.14	-0.41	-0.39
Altman Z-Score	2.69	2.90	2.38	2.65	2.97	2.31	2.22	2.16	1.76	2.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.16	1.21	1.26	1.28	1.15	1.18	1.11	1.20	1.31
Quick Ratio	1.03	1.11	1.12	1.16	1.18	1.03	1.08	1.00	1.10	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.91	-158	-153	-212	-197	-123	-7.56	53	60	188
Operating Cash Flow to CapEx	72.82%	176.36%	64.23%	105.53%	129.68%	141.78%	221.06%	291.20%	87.37%	154.57%
Free Cash Flow to Firm to Interest Expense	-41.82	-280.19	-229.50	-180.05	-168.35	-53.75	-3.73	27.11	30.83	99.71
Operating Cash Flow to Interest Expense	302.29	222.09	109.54	96.57	100.99	30.40	36.88	53.41	17.88	20.12
Operating Cash Flow Less CapEx to Interest Expense	-112.85	96.16	-61.00	5.06	23.11	8.96	20.19	35.07	-2.58	7.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.05	1.07	1.15	1.23	1.25	1.16	1.10	1.04	1.07	1.07
Accounts Receivable Turnover	6.53	7.44	6.15	7.11	6.92	7.20	5.72	6.50	6.05	6.67
Inventory Turnover	205.63	196.55	116.16	107.46	94.72	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.39	1.48	1.60	1.70	1.78	1.73	1.71	1.59	1.72	1.75
Accounts Payable Turnover	4.31	4.56	5.85	5.99	4.92	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	55.85	49.07	59.39	51.30	52.72	50.70	63.81	56.11	60.32	54.71
Days Inventory Outstanding (DIO)	1.78	1.86	3.14	3.40	3.85	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	84.78	79.99	62.41	60.92	74.22	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-27.15	-29.07	0.12	-6.22	-17.65	50.70	63.81	56.11	60.32	54.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	779	885	962	1,000	1,010	1,002	990	946	824	803
Invested Capital Turnover	1.53	1.60	1.63	1.76	1.82	1.73	1.65	1.58	1.60	1.60
Increase / (Decrease) in Invested Capital	21	171	185	253	231	117	28	-54	-186	-199
Enterprise Value (EV)	788	1,119	806	941	1,181	928	861	898	789	947
Market Capitalization	840	1,188	827	950	1,199	924	869	928	798	960
Book Value per Share	$7.96	$8.33	$8.54	$8.75	$9.11	$9.06	$9.28	$9.12	$8.00	$7.93
Tangible Book Value per Share	$7.96	$7.63	$7.86	$8.08	$8.44	$8.38	$8.60	$8.24	$7.11	$7.29
Total Capital	831	984	1,013	1,068	1,072	1,043	1,043	1,021	878	861
Total Debt	0.00	30	30	60	45	45	45	45	45	45
Total Long-Term Debt	0.00	30	30	60	45	45	45	45	45	45
Net Debt	-52	-69	-21	-8.55	-17	3.90	-8.60	-30	-8.97	-13
Capital Expenditures (CapEx)	98	71	114	108	91	49	34	36	40	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.29	-55	13	2.28	14	-1.44	2.45	-43	-2.00	12
Debt-free Net Working Capital (DFNWC)	46	45	64	71	76	40	56	32	52	70
Net Working Capital (NWC)	46	45	64	71	76	40	56	32	52	70
Net Nonoperating Expense (NNE)	0.67	-0.85	3.39	0.85	-0.55	11	0.42	3.29	11	5.41
Net Nonoperating Obligations (NNO)	-52	-69	-21	-8.55	-17	3.90	-8.60	-30	-8.97	-13
Total Depreciation and Amortization (D&A)	42	7.60	38	41	45	56	52	58	54	48
Debt-free, Cash-free Net Working Capital to Revenue	-0.45%	-4.26%	0.91%	0.15%	0.84%	-0.09%	0.15%	-2.81%	-0.14%	0.81%
Debt-free Net Working Capital to Revenue	3.94%	3.49%	4.52%	4.60%	4.67%	2.43%	3.48%	2.06%	3.53%	4.84%
Net Working Capital to Revenue	3.94%	3.49%	4.52%	4.60%	4.67%	2.43%	3.48%	2.06%	3.53%	4.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.10	$0.13	$0.25	$0.34	$0.31	($0.14)	$0.18	($0.03)	($1.32)	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	104.37M	105.87M	114.88M	114.74M	112.29M	113.00M	108.54M	106.30M	104.12M	105.47M
Adjusted Diluted Earnings per Share	$0.10	$0.13	$0.25	$0.34	$0.31	($0.14)	$0.18	($0.03)	($1.32)	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	105.07M	106.94M	115.33M	114.80M	112.70M	113.42M	108.99M	106.30M	104.12M	105.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	114.55M	115.06M	115.23M	112.77M	110.24M	107.57M	107.04M	104.16M	102.93M	103.17M
Normalized Net Operating Profit after Tax (NOPAT)	31	44	59	51	44	1.83	25	1.92	7.46	-15
Normalized NOPAT Margin	9.20%	12.59%	13.91%	11.82%	10.36%	0.53%	6.08%	0.54%	2.07%	-4.60%
Pre Tax Income Margin	3.84%	5.61%	8.76%	11.80%	10.71%	-5.28%	7.32%	-0.03%	-49.45%	-6.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	55.01	35.62	56.61	44.54	39.83	-7.01	15.63	0.95	-91.02	-9.84
NOPAT to Interest Expense	45.15	21.58	48.15	33.99	29.26	-2.53	10.03	-0.19	-65.02	-6.19
EBIT Less CapEx to Interest Expense	-360.14	-90.31	-113.93	-46.97	-38.04	-28.45	-1.05	-17.39	-111.49	-22.86
NOPAT Less CapEx to Interest Expense	-369.99	-104.34	-122.39	-57.52	-48.62	-23.97	-6.65	-18.53	-85.48	-19.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	19.18%	31.32%	60.42%	96.64%	235.19%	-51.64%	-42.88%

Frequently Asked Questions About ProPetro's Financials

When does ProPetro's fiscal year end?

According to the most recent income statement we have on file, ProPetro's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has ProPetro's net income changed over the last 2 years?

ProPetro's net income appears to be on an upward trend, with a most recent value of -$137.86 million in 2024, falling from $2.03 million in 2022. The previous period was $85.63 million in 2023.

What is ProPetro's operating income?

ProPetro's total operating income in 2024 was -$166.96 million, based on the following breakdown:

Total Gross Profit: $1.44 billion
Total Operating Expenses: $1.61 billion

How has ProPetro revenue changed over the last 2 years?

Over the last 2 years, ProPetro's total revenue changed from $1.28 billion in 2022 to $1.44 billion in 2024, a change of 12.9%.

How much debt does ProPetro have?

ProPetro's total liabilities were at $407.37 million at the end of 2024, a 15.5% decrease from 2023, and a 6.7% increase since 2022.

How much cash does ProPetro have?

In the past 2 years, ProPetro's cash and equivalents has ranged from $33.35 million in 2023 to $88.86 million in 2022, and is currently $50.44 million as of their latest financial filing in 2024.

How has ProPetro's book value per share changed over the last 2 years?

Over the last 2 years, ProPetro's book value per share changed from 8.33 in 2022 to 7.93 in 2024, a change of -4.8%.

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This page (NYSE:PUMP) was last updated on 4/16/2025 by MarketBeat.com Staff

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ProPetro (PUMP) Financials

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ProPetro (PUMP) Financials

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