Latest Ratios: P/E Ratio 1575.6x · EV/EBITDA 8.6x · ROE 0.1%. (2015–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.0B | $984M | $950M | $1.1B | $832M | $745M | $1.2B | $1.1B | $1.6B | — |
| Enterprise Value | $1.7B | $1.2B | $1.1B | $1.1B | $1.1B | $720M | $677M | $1.2B | $1.0B | $1.7B | — |
| P/E Ratio → | 1575.64 | 1219.23 | — | 11.03 | 545.79 | — | — | 7.17 | 6.16 | 126.00 | — |
| P/S Ratio | 1.19 | 0.79 | 0.68 | 0.58 | 0.87 | 0.95 | 0.94 | 0.57 | 0.63 | 1.63 | — |
| P/B Ratio | 1.56 | 1.21 | 1.21 | 0.95 | 1.16 | 1.01 | 0.86 | 1.20 | 1.34 | 3.88 | — |
| P/FCF | 35.47 | 23.59 | 8.79 | 245.40 | — | 74.30 | 19.34 | — | 9.85 | — | — |
| P/OCF | 6.59 | 4.38 | 3.90 | 2.54 | 3.69 | 5.37 | 5.36 | 2.56 | 2.73 | 14.68 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.91 | 0.77 | 0.65 | 0.82 | 0.82 | 0.86 | 0.56 | 0.59 | 1.68 | — |
| EV / EBITDA | 8.61 | 6.00 | 24.77 | 3.42 | 8.39 | 11.13 | 30.71 | 3.14 | 3.14 | 20.27 | — |
| EV / EBIT | 89.83 | 62.60 | — | 8.82 | 117.15 | — | — | 5.22 | 4.35 | 71.61 | — |
| EV / FCF | — | 27.30 | 9.90 | 275.15 | — | 64.34 | 17.58 | — | 9.27 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.9% | 9.9% | 11.6% | 19.5% | 21.0% | 9.0% | 6.5% | 21.3% | 20.3% | 11.4% | -2.5% |
| Operating Margin | 1.5% | 1.5% | -11.6% | 8.0% | -0.2% | -7.9% | -16.6% | 10.8% | 13.6% | 2.5% | -15.4% |
| Net Profit Margin | 0.1% | 0.1% | -9.5% | 5.3% | 0.2% | -6.2% | -13.6% | 7.9% | 10.2% | 1.3% | -12.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.1% | 0.1% | -15.2% | 8.8% | 0.2% | -6.4% | -11.6% | 18.5% | 28.7% | 4.0% | -36.6% |
| ROA | 0.1% | 0.1% | -10.2% | 6.1% | 0.2% | -5.1% | -8.6% | 12.0% | 17.4% | 2.0% | -10.8% |
| ROIC | 1.4% | 1.4% | -12.2% | 9.7% | -0.2% | -6.8% | -11.2% | 19.7% | 29.2% | 5.0% | -18.3% |
| ROCE | 1.8% | 1.8% | -15.1% | 11.5% | -0.3% | -7.5% | -12.2% | 20.8% | 33.3% | 5.6% | -18.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.21 | 0.15 | 0.03 | 0.00 | 0.00 | 0.14 | 0.09 | 0.18 | 0.80 |
| Debt / EBITDA | 1.29 | 1.29 | 3.92 | 0.48 | 0.26 | 0.01 | 0.04 | 0.37 | 0.22 | 0.89 | — |
| Net Debt / Equity | — | 0.19 | 0.15 | 0.12 | -0.06 | -0.13 | -0.08 | -0.02 | -0.08 | 0.12 | 0.19 |
| Net Debt / EBITDA | 0.81 | 0.81 | 2.79 | 0.37 | -0.44 | -1.72 | -3.08 | -0.04 | -0.20 | 0.60 | — |
| Debt / FCF | — | 3.71 | 1.12 | 29.75 | — | -9.96 | -1.76 | — | -0.58 | — | — |
| Interest Coverage | 2.25 | 2.25 | -20.66 | 22.76 | 5.60 | -110.46 | -55.44 | 30.90 | 33.68 | 3.14 | -2.98 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.29 | 1.29 | 1.31 | 1.15 | 1.16 | 1.44 | 1.61 | 1.61 | 0.99 | 0.97 | 1.66 |
| Quick Ratio | 1.24 | 1.24 | 1.24 | 1.08 | 1.14 | 1.42 | 1.58 | 1.60 | 0.97 | 0.94 | 1.63 |
| Cash Ratio | 0.36 | 0.36 | 0.26 | 0.15 | 0.35 | 0.64 | 0.66 | 0.64 | 0.38 | 0.10 | 0.84 |
| Asset Turnover | — | 0.98 | 1.18 | 1.10 | 0.96 | 0.82 | 0.75 | 1.43 | 1.34 | 1.37 | 0.81 |
| Inventory Turnover | 85.80 | 85.80 | 79.03 | 74.14 | 200.82 | 201.48 | 270.27 | 663.24 | 213.87 | 140.60 | 94.99 |
| Days Sales Outstanding | — | 57.73 | 49.53 | 53.06 | 61.59 | 53.49 | 38.96 | 37.74 | 43.46 | 74.22 | 96.22 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.1% | — | 9.1% | 0.2% | — | — | 14.0% | 16.2% | 0.8% | — |
| FCF Yield | 2.8% | 4.2% | 11.4% | 0.4% | — | 1.3% | 5.2% | — | 10.2% | — | — |
| Buyback Yield | 0.0% | 0.0% | 6.0% | 5.4% | 0.0% | 0.7% | 0.1% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 6.0% | 5.4% | 0.0% | 0.7% | 0.1% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $105M | $105M | $113M | $107M | $103M | $101M | $104M | $87M | $80M | $80M |
Permian Basin activity concentration
Based on recent financial filings, PUMP's trailing P/E of 1897.44 appears fundamentally disconnected from earnings power, suggesting that investors should prioritize EV/EBITDA multiples of 10.20 to gauge valuation, as current GAAP earnings are severely depressed by the ongoing industry-wide contraction in Permian completion activity.
The extreme P/E ratio indicates that the market is currently pricing the company for a recovery rather than current profitability. When compared to peers like RPC, Inc., the EV/EBITDA multiple suggests that PUMP is trading at a premium that may be difficult to justify without a significant rebound in fleet utilization.
As reported in quarterly statements, PUMP's ROIC has trended into negative territory, reaching -0.7% in 2026Q1, which highlights the difficulty of generating positive returns on invested capital when fleet utilization is low and maintenance capital expenditures remain elevated to support aging or transitioning equipment.
The consistent decay in ROIC over the last ten quarters suggests that the company is struggling to achieve the necessary scale to cover its fixed asset base. This trend warrants further investigation into whether the current fleet modernization strategy will eventually drive higher returns or simply perpetuate a cycle of capital consumption.
According to recent financial data, PUMP's cash conversion cycle has fluctuated significantly, reaching 35 days in 2026Q1, which reflects the inherent challenges in managing receivables and inventory timing within the highly cyclical and project-based environment of Permian Basin hydraulic fracturing services.
The variability in the cash conversion cycle suggests that the company lacks consistent leverage over its supply chain and customer payment terms. Investors should monitor whether these fluctuations are structural or merely a reflection of the current, more difficult operating environment for oilfield service providers.
Based on the latest quarterly filings, PUMP maintains a disciplined capital structure with a debt-to-equity ratio of 0.09 as of 2026Q1, which appears to provide a significant defensive buffer against the volatility inherent in the oilfield services sector and the company's current negative net margin profile.
This low leverage position is a critical differentiator compared to more debt-laden peers, potentially allowing the company to navigate prolonged downturns without the immediate threat of insolvency. However, the low debt levels do not compensate for the lack of operational profitability, which remains the primary concern for long-term value creation.
The most commonly misapplied metric for PUMP is GAAP net income, which frequently obscures the company's underlying cash-generating potential by including significant non-cash depreciation charges related to its intensive hydraulic fracturing fleet, thereby failing to reflect the true economic reality of the business model.
Analysts should instead focus on free cash flow and EBITDA, as these metrics better capture the company's ability to fund its own maintenance and growth requirements. Relying on net income in this capital-intensive industry may lead to an overly pessimistic view of the company's ability to survive and eventually thrive in a cyclical recovery.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying PUMP stock.
ProPetro Holding Corp.'s current P/E ratio is 1575.6x. The historical average is 37.6x. This places it at the 100th percentile of its historical range.
ProPetro Holding Corp.'s current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.3x.
ProPetro Holding Corp.'s return on equity (ROE) is 0.1%. The historical average is -6.9%.
Based on historical data, ProPetro Holding Corp. is trading at a P/E of 1575.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ProPetro Holding Corp. has 9.9% gross margin and 1.5% operating margin.
ProPetro Holding Corp.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.