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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | - | $1.34B | $1.22B | $1.49B | - | $1.36B | $1.35B | $1.51B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $66.93M | - | $61.98M | $64.11M | $66.93M | - | $65.70M | $64.58M | $64.98M | - |
| Total Operating Expenses | $1.13B | - | $1.20B | $1.25B | $1.26B | - | $2.35B | $1.30B | $1.42B | - |
| D&A | $185.29M | - | - | - | - | - | - | - | - | - |
| Operating Income | ($14.32M) | - | ($28.05M) | ($29.49M) | $16.95M | - | ($990.63M) | $45.23M | $87.00M | - |
| Interest Expense | $17.48M | - | $17.49M | $17.64M | $18.34M | - | $17.99M | $9.74M | $18.34M | - |
| Income Tax | ($3.60M) | - | ($6.59M) | $1.19M | $1.39M | - | ($30.26M) | $17.79M | $20.00M | - |
| Net Income | ($24.63M) | - | ($36.40M) | ($49.14M) | $1.00M | - | ($978.76M) | $11.08M | $51.23M | - |
| EPS - Basic | ($0.06) | - | ($0.10) | ($0.13) | $0.00 | - | ($2.50) | $0.03 | $0.13 | - |
| EPS - Diluted | ($0.06) | - | ($0.10) | ($0.13) | $0.00 | - | ($2.50) | $0.03 | $0.13 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $335.10M | $418.51M | $184.78M | $183.77M | $223.09M | $239.18M | $113.38M | $72.44M | $167.66M | $192.68M |
| Accounts Receivable | $742.38M | $723.28M | $800.45M | $770.90M | $800.29M | $763.81M | $863.78M | $866.93M | $872.77M | $971.09M |
| Inventory | $150.59M | $160.28M | $155.93M | $163.69M | $167.77M | $167.02M | $172.75M | $172.41M | $183.18M | $180.81M |
| Accounts Payable | $442.42M | $470.78M | $461.26M | $426.51M | $513.96M | $421.32M | $493.36M | $476.46M | $544.86M | $534.42M |
| Current Assets | $1.32B | $1.42B | $1.28B | $1.24B | $1.32B | $1.30B | $1.30B | $1.28B | $1.35B | $1.49B |
| Total Assets | $5.36B | $5.57B | $5.53B | $5.58B | $5.77B | $5.83B | $5.96B | $7.02B | $7.23B | $7.42B |
| Current Liabilities | $720.25M | $863.64M | $777.77M | $716.47M | $818.29M | $841.99M | $858.40M | $851.20M | $916.90M | $1.05B |
| Long-term Debt | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B |
| Total Liabilities | $2.19B | $2.35B | $2.28B | $2.23B | $2.33B | $2.36B | $2.39B | $2.41B | $2.47B | $2.60B |
| Stockholders' Equity | $3.16B | $3.22B | $3.25B | $3.34B | $3.43B | $3.47B | $3.56B | $4.60B | $4.74B | $4.81B |
| Retained Earnings | ($1.32B) | ($1.26B) | ($1.22B) | ($1.15B) | ($1.07B) | ($1.04B) | ($956.17M) | $54.21M | $75.30M | $57.03M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $63.86M | - | - | - | $208.14M | - | - | - | $365.89M | - |
| Investing Cash Flow | ($106.03M) | - | - | - | ($164.50M) | - | - | - | ($227.49M) | - |
| Financing Cash Flow | ($40.27M) | - | - | - | ($58.87M) | - | - | - | ($161.59M) | - |
| CapEx | $116.63M | - | - | - | $161.83M | - | - | - | $226.94M | - |
| Free Cash Flow | ($52.77M) | - | - | - | $46.31M | - | - | - | $138.95M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -1.3% | - | -2.1% | -2.4% | 1.1% | - | -73.0% | 3.4% | 5.8% | - |
| EBITDA margin | 15.3% | - | - | - | - | - | - | - | - | - |
| Net margin | -2.2% | - | -2.7% | -4.0% | 0.1% | - | -72.1% | 0.8% | 3.4% | - |
| Free cash flow margin | -4.7% | - | - | - | 3.1% | - | - | - | 9.2% | - |
| FCF / Net income | 2.14 | - | - | - | 46.08 | - | - | - | 2.71 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 6.0% | - | 4.6% | 5.3% | 4.5% | - | 4.8% | 4.8% | 4.3% | - |
| Effective tax rate | - | - | - | - | 58.0% | - | - | 61.6% | 28.1% | - |
| Return on assets | -0.5% | - | -0.7% | -0.9% | 0.0% | - | -16.4% | 0.2% | 0.7% | - |
| Return on equity | -0.8% | - | -1.1% | -1.5% | 0.0% | - | -27.5% | 0.2% | 1.1% | - |
| Return on invested capital | -0.3% | - | -0.5% | -0.5% | 0.2% | - | -16.4% | 0.4% | 1.0% | - |
| Liquidity | ||||||||||
| Current ratio | 1.84 | 1.64 | 1.64 | 1.73 | 1.61 | 1.54 | 1.52 | 1.50 | 1.48 | 1.41 |
| Quick ratio | 1.63 | 1.46 | 1.44 | 1.50 | 1.40 | 1.34 | 1.32 | 1.30 | 1.28 | 1.24 |
| Cash ratio | 0.47 | 0.48 | 0.24 | 0.26 | 0.27 | 0.28 | 0.13 | 0.09 | 0.18 | 0.18 |
| Leverage | ||||||||||
| Debt / Equity | 0.39 | 0.38 | 0.38 | 0.37 | 0.36 | 0.35 | 0.34 | 0.27 | 0.26 | 0.25 |
| Debt / Assets | 0.23 | 0.22 | 0.22 | 0.22 | 0.21 | 0.21 | 0.20 | 0.17 | 0.17 | 0.17 |
| Debt / EBITDA | 7.14 | - | - | - | - | - | - | - | - | - |
| Interest coverage | -0.8x | - | -1.6x | -1.7x | 0.9x | - | -55.1x | 4.6x | 4.7x | - |
| Equity multiplier | 1.70 | 1.73 | 1.70 | 1.67 | 1.68 | 1.68 | 1.67 | 1.53 | 1.52 | 1.54 |
| Liabilities / Assets | 0.41 | 0.42 | 0.41 | 0.40 | 0.40 | 0.40 | 0.40 | 0.34 | 0.34 | 0.35 |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | - | 0.24 | 0.22 | 0.26 | - | 0.23 | 0.19 | 0.21 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 243d | - | 218d | 231d | 196d | - | 232d | 235d | 211d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | 345.3x | 91.8x | - |
| P / B | 1.3x | - | 0.6x | 0.7x | 0.9x | - | 0.8x | 0.9x | 1.0x | - |
| P / S | 3.7x | - | 1.5x | 1.9x | 2.1x | - | 2.2x | 3.1x | 3.2x | - |
| EV / EBITDA | 29.2x | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -25.1% | - | -1.1% | -9.6% | -1.2% | - | 34.2% | 77.7% | 90.7% | - |
| Revenue CAGR (3y) | 12.2% | - | 22.6% | 25.1% | 43.1% | - | 55.9% | 66.6% | 84.4% | - |
| Revenue CAGR (5y) | 35.9% | - | 45.3% | 37.2% | 27.3% | - | 17.8% | 14.8% | 16.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 97.2% | - | -80.5% | - | - | -56.8% | -30.9% | - |
| Net income growth (YoY) | - | - | 96.3% | - | -98.0% | - | - | -86.9% | -48.6% | - |
| EPS growth (YoY) | - | - | 96.0% | - | - | - | - | -92.5% | -71.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -66.7% | - | - | - | 19.0% | - |
| FCF CAGR (5y) | - | - | - | - | 102.4% | - | - | - | 34.5% | - |
| Book value growth (YoY) | -7.8% | -7.1% | -8.8% | -27.3% | -27.7% | -28.0% | -26.6% | 167.4% | 183.5% | 188.9% |
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%
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 |