ProPetro Holding (PUMP) Gross Margin (2020 - 2026)
ProPetro Holding (PUMP) reported Gross Margin of 21.79% for Q1 2026, down 479.0% year-over-year from 5.75% in Q1 2025, and down 15.86% quarter-over-quarter from 25.9% in Q4 2025.
ProPetro Holding (PUMP) Gross Margin (2020 - 2026) Analysis & Trends
ProPetro Holding (PUMP) has 6 years of Gross Margin data on file, last reported at 21.79% in Q1 2026.
- Gross Margin for Q1 2026 came in at 21.79%, down 479.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.4% (down 315.0% YoY), and the FY2025 annual result was 23.72%, down 251.0% from the prior year.
- Gross Margin slipped to 21.79% in Q1 2026 per PUMP's latest filing, from 25.9% in the prior quarter.
- Over five years, Gross Margin peaked at 33.78% in Q1 2023 and troughed at 19.53% in Q3 2025.
- A 4-year average of 26.29% and a median of 25.86% in 2024 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 185 bps in 2025 and fell as far as 632 bps in 2025.
- A 4-year view of Gross Margin shows it stood at 24.94% in 2023, then fell by 4 bps to 24.05% in 2024, then rose by 8 bps to 25.9% in 2025, then retreated by 16 bps to 21.79% in 2026.
- Business Quant data shows PUMP's Gross Margin at 21.79% in Q1 2026, 25.9% in Q4 2025, and 19.53% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 64.46% |
| 10 | ProPetro Holding | 1.72 Bn | 1.57 Bn | 58.99 Mn | 21.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 23.59% |
| Mar 31, 2020 | 23.85% |