PTEN · Patterson Uti Energy Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.83B | $5.38B | $4.15B | $2.65B | $1.36B | $1.12B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $255.07M | $268.34M | $169.96M | $116.59M | $92.38M | $97.61M |
| Total Operating Expenses | $4.87B | $6.27B | $3.79B | $2.44B | $2.03B | $2.02B |
| D&A | - | - | - | - | - | - |
| Operating Income | ($40.83M) | ($889.74M) | $351.95M | $211.03M | ($677.75M) | ($892.26M) |
| Interest Expense | $70.51M | $71.96M | $52.87M | $40.26M | $41.98M | $40.77M |
| Income Tax | ($9.94M) | $9.45M | $61.15M | $13.20M | ($62.70M) | ($127.33M) |
| Net Income | ($93.64M) | ($968.03M) | $246.29M | $154.66M | ($654.54M) | ($803.69M) |
| EPS - Basic | ($0.24) | ($2.44) | $0.88 | $0.72 | ($3.36) | ($4.27) |
| EPS - Diluted | ($0.24) | ($2.44) | $0.88 | $0.70 | ($3.36) | ($4.27) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $418.51M | $239.18M | $192.68M | $137.55M | $117.52M | $224.91M |
| Accounts Receivable | $723.28M | $763.81M | $971.09M | $565.52M | $356.08M | $160.21M |
| Inventory | $160.28M | $167.02M | $180.81M | $58.04M | $42.36M | $33.09M |
| Accounts Payable | $470.78M | $421.32M | $534.42M | $237.06M | $190.22M | $91.62M |
| Current Assets | $1.42B | $1.30B | $1.49B | $829.42M | $583.65M | $477.96M |
| Total Assets | $5.57B | $5.83B | $7.42B | $3.14B | $2.96B | $3.30B |
| Current Liabilities | $863.64M | $841.99M | $1.05B | $550.97M | $435.85M | $273.72M |
| Long-term Debt | $1.22B | $1.22B | $1.22B | $830.94M | $852.32M | $901.48M |
| Total Liabilities | $2.35B | $2.36B | $2.60B | $1.48B | $1.35B | $1.28B |
| Stockholders' Equity | $3.22B | $3.47B | $4.81B | $1.67B | $1.61B | $2.02B |
| Retained Earnings | ($1.26B) | ($1.04B) | $57.03M | ($87.39M) | ($198.32M) | $472.01M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $961.22M | $1.18B | $1.01B | $566.19M | $95.50M | $278.86M |
| Investing Cash Flow | ($567.15M) | ($654.74M) | ($1.02B) | ($413.23M) | ($131.59M) | ($124.98M) |
| Financing Cash Flow | ($210.73M) | ($474.99M) | $65.57M | ($133.38M) | ($71.93M) | ($103.15M) |
| CapEx | $589.03M | $678.39M | $615.69M | $436.80M | $166.32M | $145.48M |
| Free Cash Flow | $372.19M | $497.15M | $390.22M | $129.39M | ($70.82M) | $133.38M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -0.8% | -16.5% | 8.5% | 8.0% | -49.9% | -79.4% |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | -1.9% | -18.0% | 5.9% | 5.8% | -48.2% | -71.5% |
| Free cash flow margin | 7.7% | 9.2% | 9.4% | 4.9% | -5.2% | 11.9% |
| FCF / Net income | -3.97 | -0.51 | 1.58 | 0.84 | 0.11 | -0.17 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 5.3% | 5.0% | 4.1% | 4.4% | 6.8% | 8.7% |
| Effective tax rate | - | - | 19.9% | 7.9% | - | - |
| Return on assets | -1.7% | -16.6% | 3.3% | 4.9% | -22.1% | -24.4% |
| Return on equity | -2.9% | -27.9% | 5.1% | 9.3% | -40.7% | -39.9% |
| Return on invested capital | -0.7% | -15.0% | 4.7% | 7.8% | -21.7% | -24.2% |
| Liquidity | ||||||
| Current ratio | 1.64 | 1.54 | 1.41 | 1.51 | 1.34 | 1.75 |
| Quick ratio | 1.46 | 1.34 | 1.24 | 1.40 | 1.24 | 1.63 |
| Cash ratio | 0.48 | 0.28 | 0.18 | 0.25 | 0.27 | 0.82 |
| Leverage | ||||||
| Debt / Equity | 0.38 | 0.35 | 0.25 | 0.50 | 0.53 | 0.45 |
| Debt / Assets | 0.22 | 0.21 | 0.17 | 0.26 | 0.29 | 0.27 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -0.6x | -12.4x | 6.7x | 5.2x | -16.1x | -21.9x |
| Equity multiplier | 1.73 | 1.68 | 1.54 | 1.89 | 1.84 | 1.64 |
| Liabilities / Assets | 0.42 | 0.40 | 0.35 | 0.47 | 0.46 | 0.39 |
| Efficiency | ||||||
| Asset turnover | 0.87 | 0.92 | 0.56 | 0.84 | 0.46 | 0.34 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 55d | 52d | 85d | 78d | 96d | 52d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | 12.3x | 24.1x | - | - |
| P / B | 0.7x | 0.9x | 0.0x | 0.0x | 0.0x | 0.5x |
| P / S | 0.5x | 0.6x | 0.0x | 0.0x | 0.0x | 0.9x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -10.3% | 29.7% | 56.6% | 95.1% | 20.7% | -54.5% |
| Revenue CAGR (3y) | 22.2% | 58.2% | 54.5% | 2.3% | 14.0% | -21.9% |
| Revenue CAGR (5y) | 33.8% | 16.8% | 35.3% | 2.4% | 8.2% | -9.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 95.4% | - | 66.8% | - | 24.0% | -93.3% |
| Net income growth (YoY) | 90.3% | - | 59.2% | - | 18.6% | -88.8% |
| EPS growth (YoY) | 90.2% | - | 25.7% | - | 21.3% | -103.3% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | 87.8% | - | - |
| FCF growth (YoY) | -25.1% | 27.4% | 201.6% | - | - | -61.7% |
| FCF CAGR (5y) | 22.8% | 7.4% | - | - | - | -12.2% |
| Book value growth (YoY) | -7.1% | -28.0% | 188.9% | 3.5% | -20.2% | -28.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$7.72B totalCompletion Services$2.89B · 37.5%
Completions Services$2.89B · 37.5%
Drilling Services$1.56B · 20.2%
Drilling Products$343.71M · 4.5%
Other$33.03M · 0.4%
Geographic
$4.83B totalUS$4.69B · 97.2%
Other Non USCountries$75.11M · 1.6%
CA$34.75M · 0.7%
CO$27.55M · 0.6%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.30
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Drilling Oil & Gas Wells
Comparing PATTERSON UTI ENERGY INC against the 5 most active filers in the same SIC group.
Dividends
$0.36/share trailing 12 months · +12.5% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $0.1000 |
| Mar 2, 2026 | $0.1000 |
| Dec 1, 2025 | $0.0800 |
| Sep 2, 2025 | $0.0800 |
| Jun 2, 2025 | $0.0800 |
| Mar 3, 2025 | $0.0800 |
| Dec 2, 2024 | $0.0800 |
| Sep 3, 2024 | $0.0800 |
| Jun 3, 2024 | $0.0800 |
| Feb 29, 2024 | $0.0800 |
| Nov 30, 2023 | $0.0800 |
| Sep 6, 2023 | $0.0800 |
| May 31, 2023 | $0.0800 |
| Mar 1, 2023 | $0.0800 |
| Nov 30, 2022 | $0.0800 |
| Aug 31, 2022 | $0.0400 |
| Jun 1, 2022 | $0.0400 |
| Mar 2, 2022 | $0.0400 |
| Dec 1, 2021 | $0.0200 |
| Sep 1, 2021 | $0.0200 |
| Jun 2, 2021 | $0.0200 |
| Mar 3, 2021 | $0.0200 |
| Dec 2, 2020 | $0.0200 |
| Sep 2, 2020 | $0.0200 |