ProPetro Holding (PUMP) financial statements
ProPetro Holding reported revenue of $1.3B in fiscal 2025, up 12.6% a year over 9 years.
Net income was $824,000 and the operating margin 0.5%, against -15.4% in 2016.
Free cash flow was $45M.
The diluted share count rose 135% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ProPetro Holding's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $437M | $982M | $1.7B | $2.1B | $789M | $875M | $1.3B | $1.6B | $1.4B | $1.3B |
| Cost of revenue | — | — | $1.3B | $1.5B | $584M | $662M | $883M | $1.1B | $1.1B | $968M |
| Gross profit | — | — | $434M | $582M | $205M | $212M | $397M | $499M | $379M | $301M |
| Selling, general and admin | $27M | $49M | $54M | $105M | $87M | $83M | $112M | $114M | $114M | $108M |
| Operating income | -$67M | $24M | $233M | $221M | -$131M | -$69M | -$3M | $130M | -$167M | $6M |
| Interest expense | $20M | $7M | $7M | $7M | $2M | $614,000 | $2M | $5M | $8M | $8M |
| Pre-tax income | -$81M | $16M | $225M | $214M | -$134M | -$68M | $7M | $116M | -$169M | $8M |
| Income tax | -$28M | $3M | $51M | $50M | -$27M | -$14M | $5M | $30M | -$31M | $7M |
| Net income | -$53M | $13M | $174M | $163M | -$107M | -$54M | $2M | $86M | -$138M | $824,000 |
| EPS (diluted) | -$1.19 | $0.16 | $2.00 | $1.57 | -$1.06 | -$0.53 | $0.02 | $0.76 | -$1.31 | $0.01 |
| Diluted shares | 45M | 80M | 87M | 104M | 101M | 103M | 107M | 113M | 105M | 105M |
| Gross margin | — | — | 25.5% | 28.4% | 26.0% | 24.3% | 31.0% | 30.6% | 26.2% | 23.7% |
| Operating margin | -15.4% | 2.5% | 13.6% | 10.8% | -16.6% | -7.9% | -0.2% | 8.0% | -11.6% | 0.5% |
| Net margin | -12.2% | 1.3% | 10.2% | 7.9% | -13.6% | -6.2% | 0.2% | 5.3% | -9.5% | 0.1% |
Balance sheet
Fiscal years, from ProPetro Holding's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $134M | $24M | $133M | $149M | $69M | $112M | $89M | $41M | $58M | $91M |
| Receivables | $115M | $200M | $203M | $212M | $84M | $128M | $216M | $237M | $196M | $201M |
| Inventory | $5M | $6M | $6M | $2M | $3M | $4M | $5M | $18M | $16M | $13M |
| Total current assets | $265M | $236M | $349M | $376M | $168M | $251M | $329M | $311M | $292M | $327M |
| Property, plant and equipment | $264M | $471M | $913M | $1.0B | $880M | $808M | $923M | $967M | $688M | $793M |
| Goodwill | $9M | $9M | $9M | $9M | $0 | $0 | $24M | $24M | $920,000 | $920,000 |
| Total assets | $541M | $719M | $1.3B | $1.4B | $1.1B | $1.1B | $1.3B | $1.5B | $1.2B | $1.3B |
| Total current liabilities | $160M | $244M | $353M | $233M | $104M | $174M | $284M | $271M | $222M | $253M |
| Long-term debt | $159M | $57M | $70M | $130M | $0 | $0 | $30M | $45M | $45M | $106M |
| Total liabilities | $320M | $306M | $477M | $467M | $180M | $235M | $382M | $482M | $407M | $461M |
| Shareholders' equity | $221M | $413M | $797M | $969M | $871M | $826M | $954M | $998M | $816M | $830M |
| Net debt | $43M | $49M | -$63M | -$19M | -$69M | -$112M | -$49M | $12M | -$5M | $28M |
Cash flow
Fiscal years, from ProPetro Holding's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11M | $109M | $393M | $455M | $139M | $155M | $300M | $375M | $252M | $232M |
| Capital spending | $43M | $286M | $284M | $503M | $101M | $144M | $320M | $371M | $140M | $186M |
| Free cash flow | -$32M | -$177M | $109M | -$48M | $39M | $11M | -$19M | $4M | $112M | $45M |
| Stock-based compensation | $2M | $9M | $5M | $8M | $9M | $12M | $22M | $14M | $17M | $17M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$52M | -$59M | $0 |
| Net borrowing | -$41M | -$107M | -$4M | $60M | -$130M | $0 | $30M | $0 | $0 | -$4M |
| Free cash flow margin | -7.4% | -18.0% | 6.4% | -2.3% | 4.9% | 1.3% | -1.5% | 0.2% | 7.8% | 3.6% |
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Open PUMP in InvestinglyQuestions
What was ProPetro Holding's revenue in 2025?
$1.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does ProPetro Holding generate?
$45M in fiscal 2025 (operating cash flow minus capital spending).
From ProPetro Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.