ProPetro Holding (PUMP) Gross Margin (2016 - 2026)
ProPetro Holding (PUMP) posted quarterly Gross Margin of 23.48% for Q2 2026, up 111.0% year-over-year from 11.13% in Q2 2025, and up 7.76% quarter-over-quarter from 21.79% in Q1 2026.
ProPetro Holding (PUMP) Gross Margin (2016 - 2026) Analysis & Trends
ProPetro Holding (PUMP) has reported Gross Margin for 11 consecutive years, with 23.48% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 111.0% year-over-year to 23.48%; the TTM figure through Jun 2026 stood at 22.69% (down 210.0% YoY), while the FY2025 annual figure was 23.72%, down 251.0% from the prior year.
- Gross Margin rose to 23.48% in Q2 2026 per PUMP's latest filing, from 21.79% in the prior quarter.
- Across five years, Gross Margin topped out at 33.78% in Q1 2023 and bottomed at 19.53% in Q3 2025.
- Historically, Gross Margin has averaged 27.18% across 5 years, with a median of 26.24% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin surged 815 bps — and 2025, when it plunged 632 bps.
- ProPetro Holding's Gross Margin stood at 30.47% in 2022, then dropped by 18 bps to 24.94% in 2023, then retreated by 4 bps to 24.05% in 2024, then gained by 8 bps to 25.9% in 2025, then dropped by 9 bps to 23.48% in 2026.
- Business Quant data shows PUMP's Gross Margin at 23.48% in Q2 2026, 21.79% in Q1 2026, and 25.9% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 65.86% |
| 10 | ProPetro Holding | 1.39 Bn | 607.62 Mn | 71.82 Mn | 23.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.48% |
| Mar 31, 2026 | 21.79% |
| Dec 31, 2025 | 25.90% |
| Sep 30, 2025 | 19.53% |
| Jun 30, 2025 | 22.38% |
| Mar 31, 2025 | 26.59% |
| Dec 31, 2024 | 24.05% |
| Sep 30, 2024 | 25.86% |
| Jun 30, 2024 | 25.54% |
| Mar 31, 2024 | 28.88% |
| Dec 31, 2023 | 24.94% |
| Sep 30, 2023 | 30.98% |
| Jun 30, 2023 | 31.58% |
| Mar 31, 2023 | 33.78% |
| Dec 31, 2022 | 30.47% |
| Sep 30, 2022 | 32.70% |
| Jun 30, 2022 | 30.55% |
| Mar 31, 2022 | 30.21% |
| Dec 31, 2021 | 23.86% |
| Sep 30, 2021 | 24.55% |