ProPetro (PUMP) Financials

$5.56 -0.06 (-1.07%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$5.56 +0.01 (+0.09%)

As of 05/23/2025 04:53 PM 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-138	86	2.03
Consolidated Net Income / (Loss)	-138	86	2.03
Net Income / (Loss) Continuing Operations	-138	86	2.03
Total Pre-Tax Income	-169	116	7.39
Total Operating Income	-167	130	-2.59
Total Gross Profit	1,444	1,630	397
Total Revenue	1,444	1,630	1,280
Operating Revenue	1,444	1,630	1,280
Total Cost of Revenue	0.00	0.00	883
Total Operating Expenses	1,611	1,500	399
Selling, General & Admin Expense	114	114	112
Depreciation Expense	212	181	128
Other Operating Expenses / (Income)	1,066	1,132	-
Impairment Charge	212	0.00	57
Other Special Charges / (Income)	7.45	73	102
Total Other Income / (Expense), net	-2.28	-15	9.98
Interest Expense	7.82	5.31	1.61
Other Income / (Expense), net	5.53	-9.53	12
Income Tax Expense	-31	30	5.36
Basic Earnings per Share	($1.31)	$0.76	$0.02
Weighted Average Basic Shares Outstanding	105.47M	113.00M	105.87M
Diluted Earnings per Share	($1.31)	$0.76	$0.02
Weighted Average Diluted Shares Outstanding	105.47M	113.42M	106.94M
Weighted Average Basic & Diluted Shares Outstanding	103.17M	107.57M	115.06M

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-17	-137	-3.66	20	-17	35	39	29	13	10
Consolidated Net Income / (Loss)	-17	-137	-3.66	20	-17	35	39	29	13	10
Net Income / (Loss) Continuing Operations	-17	-137	-3.66	20	-17	35	39	29	13	10
Total Pre-Tax Income	-20	-178	-0.10	30	-18	45	51	37	20	13
Total Operating Income	-17	-180	-0.53	30	-8.28	45	52	41	18	14
Total Gross Profit	321	361	357	406	628	424	435	143	-310	109
Total Revenue	321	361	357	406	348	424	435	424	349	333
Operating Revenue	321	361	357	406	348	424	435	424	349	333
Total Operating Expenses	337	541	358	376	637	379	383	102	-328	95
Selling, General & Admin Expense	27	28	31	28	28	29	29	29	27	28
Depreciation Expense	48	54	58	52	56	45	41	38	14	42
Other Operating Expenses / (Income)	243	268	266	289	-	292	298	-	-	-
Other Special Charges / (Income)	-4.43	2.15	3.28	6.46	11	13	15	35	48	25
Total Other Income / (Expense), net	-3.76	1.66	0.44	-0.62	-10	0.71	-1.11	-4.37	1.27	-0.85
Interest Expense	1.88	1.94	1.97	2.03	2.29	1.17	1.18	0.67	0.57	0.24
Other Income / (Expense), net	-1.88	3.60	2.40	1.41	-7.78	1.88	0.07	-3.70	1.84	-0.62
Income Tax Expense	-3.34	-41	3.57	9.76	-1.25	11	12	8.36	6.52	2.77
Basic Earnings per Share	($0.14)	($1.32)	($0.03)	$0.18	($0.14)	$0.31	$0.34	$0.25	$0.13	$0.10
Weighted Average Basic Shares Outstanding	105.47M	104.12M	106.30M	108.54M	113.00M	112.29M	114.74M	114.88M	105.87M	104.37M
Diluted Earnings per Share	($0.14)	($1.32)	($0.03)	$0.18	($0.14)	$0.31	$0.34	$0.25	$0.13	$0.10
Weighted Average Diluted Shares Outstanding	105.47M	104.12M	106.30M	108.99M	113.42M	112.70M	114.80M	115.33M	106.94M	105.07M
Weighted Average Basic & Diluted Shares Outstanding	103.17M	102.93M	104.16M	107.04M	107.57M	110.24M	112.77M	115.23M	115.06M	114.55M

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	17	-56	-23
Net Cash From Operating Activities	252	375	300
Net Cash From Continuing Operating Activities	252	375	300
Net Income / (Loss) Continuing Operations	-138	86	2.03
Consolidated Net Income / (Loss)	-138	86	2.03
Depreciation Expense	212	181	128
Amortization Expense	0.44	0.36	0.79
Non-Cash Adjustments To Reconcile Net Income	234	90	181
Changes in Operating Assets and Liabilities, net	-56	18	-11
Net Cash From Investing Activities	-155	-384	-350
Net Cash From Continuing Investing Activities	-155	-384	-350
Purchase of Property, Plant & Equipment	-140	-371	-320
Acquisitions	-21	-22	-39
Sale of Property, Plant & Equipment	6.24	8.96	8.58
Net Cash From Financing Activities	-80	-46	26
Net Cash From Continuing Financing Activities	-80	-46	26
Repayment of Debt	-0.97	-16	-0.82
Repurchase of Common Equity	-59	-52	0.00
Issuance of Debt	0.00	30	30
Other Financing Activities, net	-20	-8.21	-2.92

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	3.88	-20	20	13	-21	-7.78	17	-44	46	-27
Net Cash From Operating Activities	38	35	105	75	70	118	114	73	125	72
Net Cash From Continuing Operating Activities	38	35	105	75	70	118	114	73	125	72
Net Income / (Loss) Continuing Operations	-17	-137	-3.66	20	-17	35	39	29	13	10
Consolidated Net Income / (Loss)	-17	-137	-3.66	20	-17	35	39	29	13	10
Depreciation Expense	48	54	58	52	56	45	41	38	7.54	42
Amortization Expense	0.11	0.11	0.11	0.11	0.11	0.11	0.08	0.06	0.07	0.07
Non-Cash Adjustments To Reconcile Net Income	20	196	7.24	11	15	14	19	42	56	29
Changes in Operating Assets and Liabilities, net	-13	-78	44	-8.22	15	24	15	-36	49	-9.49
Net Cash From Investing Activities	-24	-40	-57	-34	-71	-91	-108	-114	-110	-98
Net Cash From Continuing Investing Activities	-24	-40	-57	-34	-71	-91	-108	-114	-110	-98
Purchase of Property, Plant & Equipment	-28	-41	-37	-35	-50	-97	-109	-115	-73	-103
Sale of Property, Plant & Equipment	3.35	0.96	1.18	0.74	0.98	5.93	0.96	1.09	1.37	4.26
Net Cash From Financing Activities	-9.49	-15	-27	-28	-19	-35	11	-3.38	30	0.17
Net Cash From Continuing Financing Activities	-9.49	-15	-27	-28	-19	-35	11	-3.38	30	0.17
Repayment of Debt	-0.97	-	-	-	-	-15	-	-	-	-
Repurchase of Common Equity	-3.38	-10	-23	-23	-15	-19	-17	0.00	-	-
Other Financing Activities, net	-5.59	-4.63	-4.45	-5.36	-3.81	-1.01	-0.00	-3.38	-0.04	0.17

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,224	1,480	1,336
Total Current Assets	292	311	329
Cash & Equivalents	50	33	89
Short-Term Investments	7.85	7.75	10
Accounts Receivable	196	237	216
Inventories, net	16	18	5.03
Prepaid Expenses	18	15	8.64
Other Current Assets	4.05	0.35	0.04
Plant, Property, & Equipment, net	688	967	923
Total Noncurrent Assets	243	202	84
Noncurrent Note & Lease Receivables	31	47	0.00
Goodwill	0.92	24	24
Intangible Assets	65	51	56
Other Noncurrent Operating Assets	147	81	4.30
Total Liabilities & Shareholders' Equity	1,224	1,480	1,336
Total Liabilities	407	482	382
Total Current Liabilities	222	271	284
Accounts Payable	93	161	234
Accrued Expenses	71	76	49
Other Current Liabilities	58	34	0.85
Total Noncurrent Liabilities	185	211	98
Long-Term Debt	45	45	30
Noncurrent Deferred & Payable Income Tax Liabilities	60	93	65
Other Noncurrent Operating Liabilities	80	73	2.31
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	816	998	954
Total Preferred & Common Equity	816	998	954
Preferred Stock	0.00	0.00	0.00
Total Common Equity	816	998	954
Common Stock	885	929	971
Retained Earnings	-69	69	-17

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,280	1,512	1,534	1,472	1,433	1,394	1,144
Total Current Assets	307	327	360	350	347	369	300
Cash & Equivalents	47	67	46	54	62	45	43
Short-Term Investments	7.41	7.80	7.14	8.16	6.44	6.49	8.50
Accounts Receivable	226	221	274	261	251	290	211
Inventories, net	17	19	19	16	18	18	3.94
Prepaid Expenses	9.45	12	13	8.75	8.61	9.21	4.03
Other Current Assets	1.04	1.15	0.16	2.11	0.70	0.34	30
Plant, Property, & Equipment, net	717	923	947	992	1,001	941	842
Total Noncurrent Assets	257	262	227	131	85	84	1.85
Noncurrent Note & Lease Receivables	36	40	43	26	-	-	-
Goodwill	27	27	24	24	24	24	-
Intangible Assets	65	67	49	52	53	55	-
Other Noncurrent Operating Assets	129	127	111	29	8.04	5.72	1.85
Total Liabilities & Shareholders' Equity	1,280	1,512	1,534	1,472	1,433	1,394	1,144
Total Liabilities	447	536	536	445	425	411	313
Total Current Liabilities	255	296	304	274	276	304	254
Accounts Payable	129	159	189	195	218	246	187
Accrued Expenses	74	88	71	65	57	57	66
Other Current Liabilities	52	49	44	14	1.13	0.99	0.49
Total Noncurrent Liabilities	192	241	232	171	149	107	59
Long-Term Debt	45	45	45	45	60	30	-
Noncurrent Deferred & Payable Income Tax Liabilities	64	103	101	94	84	73	59
Other Noncurrent Operating Liabilities	84	92	86	32	4.56	3.68	0.12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	833	976	998	1,027	1,008	983	831
Total Preferred & Common Equity	833	976	998	1,027	1,008	983	831
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	833	976	998	1,027	1,008	983	831
Common Stock	885	891	909	941	957	971	860
Retained Earnings	-52	85	89	86	51	12	-30

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-11.42%	27.40%	46.33%
EBITDA Growth	-83.20%	119.06%	108.61%
EBIT Growth	-233.62%	1,243.68%	113.26%
NOPAT Growth	-220.94%	13,670.33%	98.52%
Net Income Growth	-260.99%	4,118.42%	103.75%
EPS Growth	-272.37%	3,700.00%	103.77%
Operating Cash Flow Growth	-32.68%	24.74%	94.18%
Free Cash Flow Firm Growth	496.96%	87.87%	-533.15%
Invested Capital Growth	-19.89%	13.27%	23.87%
Revenue Q/Q Growth	-1.85%	-0.07%	8.74%
EBITDA Q/Q Growth	-17.66%	4.30%	14.23%
EBIT Q/Q Growth	-1.54%	-23.05%	126.57%
NOPAT Q/Q Growth	-5.27%	-18.40%	97.65%
Net Income Q/Q Growth	0.03%	-26.04%	106.50%
EPS Q/Q Growth	0.00%	-26.21%	106.45%
Operating Cash Flow Q/Q Growth	-11.20%	-12.96%	36.31%
Free Cash Flow Firm Q/Q Growth	10.17%	81.55%	-236.29%
Invested Capital Q/Q Growth	-2.55%	-0.75%	13.62%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	31.01%
EBITDA Margin	3.51%	18.53%	10.77%
Operating Margin	-11.56%	7.99%	-0.20%
EBIT Margin	-11.18%	7.41%	0.70%
Profit (Net Income) Margin	-9.55%	5.25%	0.16%
Tax Burden Percent	81.46%	74.14%	27.48%
Interest Burden Percent	104.84%	95.61%	82.15%
Effective Tax Rate	0.00%	25.86%	72.52%
Return on Invested Capital (ROIC)	-12.95%	10.24%	-0.09%
ROIC Less NNEP Spread (ROIC-NNEP)	434.01%	43.97%	-3.12%
Return on Net Nonoperating Assets (RNNOA)	-2.25%	-1.47%	0.32%
Return on Equity (ROE)	-15.19%	8.77%	0.23%
Cash Return on Invested Capital (CROIC)	9.13%	-2.20%	-21.41%
Operating Return on Assets (OROA)	-11.94%	8.58%	0.75%
Return on Assets (ROA)	-10.20%	6.08%	0.17%
Return on Common Equity (ROCE)	-15.19%	8.77%	0.23%
Return on Equity Simple (ROE_SIMPLE)	-16.89%	8.58%	0.21%
Net Operating Profit after Tax (NOPAT)	-117	97	-0.71
NOPAT Margin	-8.09%	5.93%	-0.06%
Net Nonoperating Expense Percent (NNEP)	-446.96%	-33.73%	3.03%
Return On Investment Capital (ROIC_SIMPLE)	-13.57%	9.26%	-0.07%
Cost of Revenue to Revenue	0.00%	0.00%	68.99%
SG&A Expenses to Revenue	7.92%	7.01%	8.73%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	111.56%	92.01%	31.22%
Earnings before Interest and Taxes (EBIT)	-161	121	8.99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	51	302	138
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.18	0.93	1.25
Price to Tangible Book Value (P/TBV)	1.28	1.00	1.36
Price to Revenue (P/Rev)	0.66	0.57	0.93
Price to Earnings (P/E)	0.00	10.79	585.19
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	9.27%	0.17%
Enterprise Value to Invested Capital (EV/IC)	1.18	0.93	1.26
Enterprise Value to Revenue (EV/Rev)	0.66	0.57	0.87
Enterprise Value to EBITDA (EV/EBITDA)	18.66	3.07	8.11
Enterprise Value to EBIT (EV/EBIT)	0.00	7.68	124.43
Enterprise Value to NOPAT (EV/NOPAT)	0.00	9.60	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.75	2.48	3.72
Enterprise Value to Free Cash Flow (EV/FCFF)	11.49	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.06	0.05	0.03
Long-Term Debt to Equity	0.06	0.05	0.03
Financial Leverage	-0.01	-0.03	-0.10
Leverage Ratio	1.49	1.44	1.35
Compound Leverage Factor	1.56	1.38	1.11
Debt to Total Capital	5.22%	4.31%	3.05%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	5.22%	4.31%	3.05%
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	94.78%	95.69%	96.95%
Debt to EBITDA	0.89	0.15	0.22
Net Debt to EBITDA	-0.26	0.01	-0.50
Long-Term Debt to EBITDA	0.89	0.15	0.22
Debt to NOPAT	-0.39	0.47	-42.13
Net Debt to NOPAT	0.11	0.04	97.10
Long-Term Debt to NOPAT	-0.39	0.47	-42.13
Altman Z-Score	2.15	2.62	2.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.31	1.15	1.16
Quick Ratio	1.14	1.03	1.11
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	82	-21	-171
Operating Cash Flow to CapEx	188.19%	103.55%	96.57%
Free Cash Flow to Firm to Interest Expense	10.55	-3.91	-106.68
Operating Cash Flow to Interest Expense	32.28	70.60	187.18
Operating Cash Flow Less CapEx to Interest Expense	15.13	2.42	-6.65
Efficiency Ratios	-	-	-
Asset Turnover	1.07	1.16	1.07
Accounts Receivable Turnover	6.67	7.20	7.44
Inventory Turnover	0.00	0.00	196.55
Fixed Asset Turnover	1.75	1.73	1.48
Accounts Payable Turnover	0.00	0.00	4.56
Days Sales Outstanding (DSO)	54.71	50.70	49.07
Days Inventory Outstanding (DIO)	0.00	0.00	1.86
Days Payable Outstanding (DPO)	0.00	0.00	79.99
Cash Conversion Cycle (CCC)	54.71	50.70	-29.07
Capital & Investment Metrics	-	-	-
Invested Capital	803	1,002	885
Invested Capital Turnover	1.60	1.73	1.60
Increase / (Decrease) in Invested Capital	-199	117	171
Enterprise Value (EV)	947	928	1,119
Market Capitalization	960	924	1,188
Book Value per Share	$7.93	$9.06	$8.33
Tangible Book Value per Share	$7.29	$8.38	$7.63
Total Capital	861	1,043	984
Total Debt	45	45	30
Total Long-Term Debt	45	45	30
Net Debt	-13	3.90	-69
Capital Expenditures (CapEx)	134	362	311
Debt-free, Cash-free Net Working Capital (DFCFNWC)	12	-1.44	-55
Debt-free Net Working Capital (DFNWC)	70	40	45
Net Working Capital (NWC)	70	40	45
Net Nonoperating Expense (NNE)	21	11	-2.74
Net Nonoperating Obligations (NNO)	-13	3.90	-69
Total Depreciation and Amortization (D&A)	212	181	129
Debt-free, Cash-free Net Working Capital to Revenue	0.81%	-0.09%	-4.26%
Debt-free Net Working Capital to Revenue	4.84%	2.43%	3.49%
Net Working Capital to Revenue	4.84%	2.43%	3.49%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.31)	$0.76	$0.02
Adjusted Weighted Average Basic Shares Outstanding	105.47M	113.00M	105.87M
Adjusted Diluted Earnings per Share	($1.31)	$0.76	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	105.47M	113.42M	106.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.17M	107.57M	115.06M
Normalized Net Operating Profit after Tax (NOPAT)	37	151	110
Normalized NOPAT Margin	2.56%	9.25%	8.59%
Pre Tax Income Margin	-11.72%	7.08%	0.58%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-20.66	22.76	5.60
NOPAT to Interest Expense	-14.95	18.21	-0.44
EBIT Less CapEx to Interest Expense	-37.81	-45.42	-188.23
NOPAT Less CapEx to Interest Expense	-32.11	-49.98	-194.28
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-42.88%	60.42%	0.00%

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

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

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. View ProPetro's forecast to see where analysts expect ProPetro to go next.

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 5/25/2025 by MarketBeat.com Staff

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ProPetro (PUMP) Financials

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ProPetro (PUMP) Financials

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