According to ProPetro's latest financial reports and stock price the company's current Operating Margin is -10.80%. At the end of 2023 the company had an Operating Margin of 7.08%.
Year | Operating Margin | Change |
---|---|---|
2023 | 7.08% | 1127.42% |
2022 | 0.58% | -107.38% |
2021 | -7.83% | -54.08% |
2020 | -17.04% | -263.82% |
2019 | 10.40% | -21.23% |
2018 | 13.21% | 723.79% |
2017 | 1.60% | -108.63% |
2016 | -18.57% | 48.45% |
2015 | -12.51% |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.