Patterson-UTI Energy, Inc. (PTEN) 10-Year Financial Performance & Capital Metrics

PTEN • • Industrial / General

EnergyOil & Gas DrillingLand Drilling ContractorsNorth American Land Drillers

AboutPatterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.Show more

Revenue $5.38B +29.7%
EBITDA $282M -74.0%
Net Income -$968M -493.0%
EPS (Diluted) -2.44 -377.3%
Gross Margin 5.32% -63.5%
EBITDA Margin 5.25% -79.9%
Operating Margin -16.54% -294.9%
Net Margin -18% -403.0%
ROE -23.34% -407.3%
ROIC -12.7% -301.0%
Debt/Equity 0.37 +33.9%
Interest Coverage -12.36 -285.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 16.8%
✓Healthy dividend yield of 4.7%
✓Trading at only 0.8x book value

✗Weaknesses

✗Shares diluted 41.8% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.39%

5Y16.83%

3Y58.25%

TTM-16.59%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM84.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM83.92%

ROCE

10Y Avg-9.02%

5Y Avg-9.24%

3Y Avg0.15%

Latest-15.66%

Peer Comparison

North American Land Drillers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PDSPrecision Drilling Corporation	922.73M	71.35	9.14	-1.83%	3.21%	3.53%	28.77%	0.53
SOCSable Offshore Corp.	1.55B	10.67	-1.52		9.03%	49.19%		2.22
PTENPatterson-UTI Energy, Inc.	2.56B	6.75	-2.77	29.7%	-2.81%	-4.18%	19.42%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.89B	915.87M	2.36B	3.33B	2.47B	1.12B	1.36B	2.65B	4.15B	5.38B
Revenue Growth %	-0.41%	-0.52%	1.57%	0.41%	-0.26%	-0.54%	0.21%	0.95%	0.57%	0.3%
Cost of Goods Sold+	2.1B	1.32B	2.5B	3.32B	2.78B	1.47B	1.93B	2.33B	3.54B	5.09B
COGS % of Revenue	1.11%	1.44%	1.06%	1%	1.12%	1.31%	1.42%	0.88%	0.85%	0.95%
Gross Profit+	-205.85M	-401.34M	-144.2M	8.19M	-306.88M	-348.58M	-574.04M	317.1M	603.72M	286.17M
Gross Margin %	-0.11%	-0.44%	-0.06%	0%	-0.12%	-0.31%	-0.42%	0.12%	0.15%	0.05%
Gross Profit Growth %	-1.59%	-0.95%	0.64%	1.06%	-38.46%	-0.14%	-0.65%	1.55%	0.9%	-0.53%
Operating Expenses+	87.17M	54.88M	73.89M	116.5M	154.69M	543.67M	103.7M	106.07M	251.77M	1.18B
OpEx % of Revenue	0.05%	0.06%	0.03%	0.04%	0.06%	0.48%	0.08%	0.04%	0.06%	0.22%
Selling, General & Admin	87.17M	69.2M	105.85M	134.07M	133.51M	97.61M	92.38M	116.59M	169.96M	268.34M
SG&A % of Revenue	0.05%	0.08%	0.04%	0.04%	0.05%	0.09%	0.07%	0.04%	0.04%	0.05%
Research & Development	0	0	0	3.44M	3.84M	0	0	0	0	0
R&D % of Revenue	-	-	-	0%	0%	-	-	-	-	-
Other Operating Expenses	34K	69K	343K	750K	17.34M	446.06M	11.32M	-10.52M	81.81M	907.57M
Operating Income+	-406.97M	-456.23M	-292.54M	-322.18M	-461.58M	-892.26M	-677.75M	211.03M	351.95M	-889.74M
Operating Margin %	-0.22%	-0.5%	-0.12%	-0.1%	-0.19%	-0.79%	-0.5%	0.08%	0.08%	-0.17%
Operating Income Growth %	-2.44%	-0.12%	0.36%	-0.1%	-0.43%	-0.93%	0.24%	1.31%	0.67%	-3.53%
EBITDA+	457.79M	212.27M	463.73M	529.26M	542.3M	-221.35M	171.43M	694.98M	1.08B	282.14M
EBITDA Margin %	0.24%	0.23%	0.2%	0.16%	0.22%	-0.2%	0.13%	0.26%	0.26%	0.05%
EBITDA Growth %	-0.54%	-0.54%	1.18%	0.14%	0.02%	-1.41%	1.77%	3.05%	0.56%	-0.74%
D&A (Non-Cash Add-back)	864.76M	668.49M	756.27M	851.43M	1B	670.91M	849.18M	483.94M	731.42M	1.17B
EBIT	-405.97M	-455.83M	-290.33M	-315.83M	-455.17M	-890.25M	-677.8M	208.12M	359.97M	-884.98M
Net Interest Income+	-35.51M	-40.04M	-35.61M	-45.98M	-69.19M	-39.52M	-41.76M	-39.9M	-46.75M	-66.23M
Interest Income	964K	327K	1.87M	5.6M	6.01M	1.25M	222K	360K	6.12M	5.73M
Interest Expense	36.48M	40.37M	37.47M	51.58M	75.2M	40.77M	41.98M	40.26M	52.87M	71.96M
Other Income/Expense	-35.48M	-39.97M	-35.26M	-45.23M	-68.8M	-38.76M	-42.03M	-43.17M	-44.85M	-67.21M
Pretax Income+	-442.45M	-496.2M	-327.8M	-367.41M	-530.38M	-931.02M	-719.78M	167.86M	307.1M	-956.95M
Pretax Margin %	-0.23%	-0.54%	-0.14%	-0.11%	-0.21%	-0.83%	-0.53%	0.06%	0.07%	-0.18%
Income Tax+	-147.96M	-177.56M	-333.71M	-45.99M	-104.67M	-127.33M	-62.7M	13.2M	61.15M	9.45M
Effective Tax Rate %	0.67%	0.64%	-0.02%	0.87%	0.8%	0.86%	0.91%	0.92%	0.8%	1.01%
Net Income+	-294.49M	-318.63M	5.91M	-321.42M	-425.7M	-803.69M	-654.54M	154.66M	246.29M	-968.03M
Net Margin %	-0.16%	-0.35%	0%	-0.1%	-0.17%	-0.71%	-0.48%	0.06%	0.06%	-0.18%
Net Income Growth %	-2.81%	-0.08%	1.02%	-55.39%	-0.32%	-0.89%	0.19%	1.24%	0.59%	-4.93%
Net Income (Continuing)	-294.49M	-318.63M	5.91M	-321.42M	-425.7M	-803.69M	-657.08M	154.66M	245.95M	-966.4M
Discontinued Operations	0	0	0	0	0	0	2.53M	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	8.39M	10.02M
EPS (Diluted)+	-2.03	-2.18	0.03	-1.47	-2.10	-4.27	-3.37	0.70	0.88	-2.44
EPS Growth %	-2.83%	-0.07%	1.01%	-50%	-0.43%	-1.03%	0.21%	1.21%	0.26%	-3.77%
EPS (Basic)	-2.03	-2.18	0.03	-1.47	-2.10	-4.27	-3.37	0.72	0.88	-2.44
Diluted Shares Outstanding	145.42M	146.18M	199.88M	218.64M	203.04M	188.01M	195.02M	219.5M	280.06M	397.2M
Basic Shares Outstanding	145.42M	146.16M	198.45M	218.64M	203.04M	188.01M	195.02M	215.94M	279.5M	397.2M
Dividend Payout Ratio	-	-	2.76%	-	-	-	-	0.28%	0.41%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	486.54M	283.32M	746.86M	950.2M	631.82M	477.96M	583.65M	829.42M	1.49B	1.3B
Cash & Short-Term Investments	113.35M	35.15M	42.83M	245.03M	174.19M	224.91M	117.52M	137.55M	192.68M	239.18M
Cash Only	113.35M	35.15M	42.83M	245.03M	174.19M	224.91M	117.52M	137.55M	192.68M	239.18M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	253.13M	150.22M	581.51M	562.93M	346.1M	164.64M	356.15M	611.47M	1.03B	821.82M
Days Sales Outstanding	48.85	59.87	90.06	61.76	51.13	53.45	95.79	84.3	90.58	55.78
Inventory	14.72M	20.19M	69.17M	65.58M	36.36M	33.09M	42.36M	65.38M	180.81M	167.02M
Days Inventory Outstanding	2.56	5.59	10.09	7.21	4.78	8.2	8.01	10.24	18.63	11.97
Other Current Assets	105.35M	41.32M	53.35M	76.66M	75.18M	55.31M	67.62M	3.06M	36.77M	35.39M
Total Non-Current Assets+	4.05B	3.52B	5.01B	4.52B	3.81B	3.23B	2.37B	2.31B	5.93B	4.54B
Property, Plant & Equipment	3.94B	3.43B	4.27B	4.01B	3.35B	2.78B	2.35B	2.29B	3.48B	3.08B
Fixed Asset Turnover	0.48x	0.27x	0.55x	0.83x	0.74x	0.40x	0.58x	1.15x	1.19x	1.75x
Goodwill	86.23M	86.23M	611.47M	410.76M	395.06M	0	0	0	1.38B	487.39M
Intangible Assets	6.38M	2.73M	75.6M	66.88M	48.94M	30.09M	7.54M	5.84M	1.05B	929.61M
Long-Term Investments	-65.12M	-36.44M	0	-373.26M	0	0	0	0	0	0
Other Non-Current Assets	11.1M	7.31M	49.97M	27.44M	17.78M	11.42M	11.05M	10.88M	19.42M	39.41M
Total Assets+	4.53B	3.8B	5.76B	5.47B	4.44B	3.71B	2.96B	3.14B	7.42B	5.83B
Asset Turnover	0.42x	0.24x	0.41x	0.61x	0.56x	0.30x	0.46x	0.84x	0.56x	0.92x
Asset Growth %	-0.16%	-0.16%	0.51%	-0.05%	-0.19%	-0.16%	-0.2%	0.06%	1.36%	-0.21%
Total Current Liabilities+	308.13M	264.81M	546.25M	526.32M	400.6M	273.72M	435.85M	550.97M	1.05B	841.99M
Accounts Payable	82.77M	125.67M	319.62M	288.96M	170.47M	91.62M	190.22M	237.06M	534.42M	421.32M
Days Payables Outstanding	14.41	34.82	46.65	31.78	22.4	22.71	35.95	37.13	55.06	30.2
Short-Term Debt	63.27M	0	0	0	9.94M	7.1M	0	0	12.23M	6.39M
Deferred Revenue (Current)	0	0	0	0	0	0	1000K	1000K	1000K	0
Other Current Liabilities	84.42M	74.54M	16.11M	94.01M	81.12M	66.53M	67.92M	67.85M	84.34M	331.31M
Current Ratio	1.58x	1.07x	1.37x	1.81x	1.58x	1.75x	1.34x	1.51x	1.41x	1.54x
Quick Ratio	1.53x	0.99x	1.24x	1.68x	1.49x	1.63x	1.24x	1.39x	1.24x	1.34x
Cash Conversion Cycle	37.01	30.64	53.51	37.19	33.51	38.95	67.84	57.41	54.15	37.55
Total Non-Current Liabilities+	1.66B	1.29B	1.23B	1.44B	1.21B	1.42B	912.51M	927.33M	1.55B	1.52B
Long-Term Debt	787.9M	598.44M	866.78M	1.12B	966.54M	901.48M	852.32M	830.94M	1.22B	1.22B
Capital Lease Obligations	0	0	0	0	26.64M	19.12M	18.11M	19.59M	50.8M	44.52M
Deferred Tax Liabilities	863.83M	682.98M	350.84M	306.16M	202.96M	487.5M	29.23M	28.74M	248.11M	238.1M
Other Non-Current Liabilities	8.97M	9.65M	12.49M	12.76M	9.25M	11.01M	12.84M	48.06M	25.07M	13.24M
Total Liabilities	1.97B	1.56B	1.78B	1.96B	1.61B	1.69B	1.35B	1.48B	2.6B	2.36B
Total Debt+	855M	598.44M	866.78M	1.12B	1B	927.7M	877.32M	855.65M	1.35B	1.3B
Net Debt	741.65M	563.28M	823.96M	874.18M	828.93M	702.78M	759.8M	718.1M	1.15B	1.06B
Debt / Equity	0.33x	0.27x	0.22x	0.32x	0.35x	0.46x	0.55x	0.51x	0.28x	0.37x
Debt / EBITDA	1.87x	2.82x	1.87x	2.11x	1.85x	-	5.12x	1.23x	1.24x	4.60x
Net Debt / EBITDA	1.62x	2.65x	1.78x	1.65x	1.53x	-	4.43x	1.03x	1.06x	3.76x
Interest Coverage	-11.16x	-11.30x	-7.81x	-6.25x	-6.14x	-21.89x	-16.15x	5.24x	6.66x	-12.36x
Total Equity+	2.56B	2.25B	3.98B	3.51B	2.83B	2.02B	1.61B	1.67B	4.82B	3.48B
Equity Growth %	-0.12%	-0.12%	0.77%	-0.12%	-0.19%	-0.29%	-0.2%	0.03%	1.89%	-0.28%
Book Value per Share	17.61	15.38	19.92	16.03	13.96	10.72	8.25	7.59	17.21	8.75
Total Shareholders' Equity	2.56B	2.25B	3.98B	3.51B	2.83B	2.02B	1.61B	1.67B	4.81B	3.47B
Common Stock	1.9M	1.92M	2.66M	2.67M	2.69M	2.71M	2.99M	3.02M	5.17M	5.21M
Retained Earnings	2.46B	2.12B	2.11B	1.75B	1.29B	472.01M	-198.32M	-87.39M	57.03M	-1.04B
Treasury Stock	-907.04M	-911.09M	-918.71M	-1.08B	-1.35B	-1.37B	-1.37B	-1.45B	-1.66B	-1.95B
Accumulated OCI	-4.09M	-1.13M	6.82M	2.49M	5.48M	5.41M	5.92M	0	472K	-2.58M
Minority Interest	0	0	0	0	0	0	0	0	8.39M	10.02M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	999.44M	305.03M	300.71M	730.67M	696.2M	278.86M	95.5M	566.19M	1.01B	1.18B
Operating CF Margin %	0.53%	0.33%	0.13%	0.22%	0.28%	0.25%	0.07%	0.21%	0.24%	0.22%
Operating CF Growth %	0.37%	-0.69%	-0.01%	1.43%	-0.05%	-0.6%	-0.66%	4.93%	0.78%	0.17%
Net Income	-294.49M	-318.63M	5.91M	-321.42M	-425.7M	-803.69M	-654.54M	154.66M	246.29M	-966.4M
Depreciation & Amortization	864.76M	668.43M	783.34M	916.32M	1B	670.91M	849.18M	483.94M	731.42M	1.17B
Stock-Based Compensation	28.51M	28.32M	44.48M	37.92M	39.33M	26.57M	21.56M	21.1M	46.75M	46.35M
Deferred Taxes	-101.23M	-157.03M	-330.35M	-41.19M	-103.2M	-125.28M	-62.98M	7M	51.87M	-1.76M
Other Non-Cash Items	115.17M	-12.44M	-31.23M	183.92M	47.32M	426.29M	-2.42M	-13.58M	-3.19M	889.49M
Working Capital Changes	386.72M	96.38M	-171.44M	-44.88M	134.59M	84.06M	-55.29M	-86.93M	-67.22M	35.99M
Change in Receivables	440.88M	72.33M	-239.48M	23.52M	213.59M	173.86M	-147.36M	-209.23M	84.54M	203.65M
Change in Inventory	40.24M	5.66M	-23.45M	-1.47M	29.39M	27.19M	-5.85M	-14.15M	-30.79M	-11.46M
Change in Payables	-131.65M	12.02M	104.07M	-69.45M	-77.69M	-48.6M	50.94M	38.99M	-69.73M	-112.86M
Cash from Investing+	-722.96M	-97.75M	-1.01B	-584.55M	-301.76M	-124.98M	-131.59M	-413.23M	-1.02B	-654.74M
Capital Expenditures	-743.78M	-119.8M	-567.09M	-641.46M	-347.51M	-145.48M	-166.32M	-436.8M	-615.69M	-678.39M
CapEx % of Revenue	0.39%	0.13%	0.24%	0.19%	0.14%	0.13%	0.12%	0.16%	0.15%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	20.81M	21.89M	60.95M	71.12M	45.76M	-424K	64.08M	-2.5M	-5.89M	20.66M
Cash from Financing+	-199.26M	-285.28M	716.57M	56.86M	-465.22M	-103.15M	-71.93M	-133.38M	65.57M	-474.99M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-58.77M	-23.58M	-16.32M	-30.59M	-32.43M	-18.86M	-15.61M	-43.1M	-100.03M	-126.79M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.98M	-3.09M	123K	-4M	-852K	-584K	0	-455K	-6.35M	-12.29M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	255.66M	185.24M	-266.38M	89.21M	348.69M	133.38M	-70.82M	129.39M	390.22M	497.15M
FCF Margin %	0.14%	0.2%	-0.11%	0.03%	0.14%	0.12%	-0.05%	0.05%	0.09%	0.09%
FCF Growth %	1.79%	-0.28%	-2.44%	1.33%	2.91%	-0.62%	-1.53%	2.83%	2.02%	0.27%
FCF per Share	1.76	1.27	-1.33	0.41	1.72	0.71	-0.36	0.59	1.39	1.25
FCF Conversion (FCF/Net Income)	-3.39x	-0.96x	50.88x	-2.27x	-1.64x	-0.35x	-0.15x	3.66x	4.08x	-1.21x
Interest Paid	0	0	0	0	76.87M	0	0	39.85M	39.61M	0
Taxes Paid	0	0	0	0	1.45M	0	0	1.53M	27.17M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.77%	-13.25%	0.19%	-8.59%	-13.43%	-33.14%	-36.11%	9.44%	7.59%	-23.34%
Return on Invested Capital (ROIC)	-8.54%	-11.19%	-5.76%	-5.26%	-8.61%	-20.97%	-19.98%	6.66%	6.32%	-12.7%
Gross Margin	-10.88%	-43.82%	-6.12%	0.25%	-12.42%	-31.01%	-42.3%	11.98%	14.56%	5.32%
Net Margin	-15.57%	-34.79%	0.25%	-9.66%	-17.23%	-71.49%	-48.23%	5.84%	5.94%	-18%
Debt / Equity	0.33x	0.27x	0.22x	0.32x	0.35x	0.46x	0.55x	0.51x	0.28x	0.37x
Interest Coverage	-11.16x	-11.30x	-7.81x	-6.25x	-6.14x	-21.89x	-16.15x	5.24x	6.66x	-12.36x
FCF Conversion	-3.39x	-0.96x	50.88x	-2.27x	-1.64x	-0.35x	-0.15x	3.66x	4.08x	-1.21x
Revenue Growth	-40.57%	-51.57%	157.32%	41.17%	-25.74%	-54.5%	20.71%	95.09%	56.61%	29.7%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Completion Services	-	-	-	-	-	-	-	-	-	3.23B
Completion Services Growth	-	-	-	-	-	-	-	-	-	-
Drilling Services	-	-	-	-	-	-	-	-	1.92B	1.73B
Drilling Services Growth	-	-	-	-	-	-	-	-	-	-10.00%
Other Revenue	-	-	-	-	-	-	-	-	-	65.67M
Other Revenue Growth	-	-	-	-	-	-	-	-	-	-
Drilling Products	-	-	-	-	-	-	-	-	134.68M	-
Drilling Products Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	104.86M	45.66M	-	92.01M	74.58M	-
Other Growth	-	-	-	-	-	-56.46%	-	-	-18.94%	-
Contract Drilling	1.16B	544.2M	1.04B	-	-	-	-	1.32B	-	-
Contract Drilling Growth	-	-52.91%	91.38%	-	-	-	-	-	-	-
Pressure Pumping	712.45M	354.07M	1.2B	1.57B	868.69M	336.11M	-	1.02B	-	-
Pressure Pumping Growth	-	-50.30%	239.00%	31.08%	-44.79%	-61.31%	-	-	-	-
Directional Drilling	-	-	45.58M	209.28M	188.79M	73.36M	-	216.5M	-	-
Directional Drilling Growth	-	-	-	359.14%	-9.79%	-61.14%	-	-	-	-
Well Servicing	-	-	-	-	-	-	19.65M	-	-	-
Well Servicing Growth	-	-	-	-	-	-	-	-	-	-
Wireline	-	-	-	-	-	-	9.87M	-	-	-
Wireline Growth	-	-	-	-	-	-	-	-	-	-
All Others	-	-	-	131.03M	-	-	-	-	-	-
All Others Growth	-	-	-	-	-	-	-	-	-	-
Oil And Natural Gas	24.93M	-	-	-	-	-	-	-	-	-
Oil And Natural Gas Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	-	-	2.58B	4.06B	5.25B
UNITED STATES Growth	-	-	-	-	-	-	-	-	57.41%	29.38%
Other Non-US Countries	-	-	-	-	-	-	-	-	28.15M	83.02M
Other Non-US Countries Growth	-	-	-	-	-	-	-	-	-	194.90%
CANADA	-	15.6M	13.7M	-	-	-	-	-	12.5M	33.52M
CANADA Growth	-	-	-12.18%	-	-	-	-	-	-	168.12%
COLOMBIA	-	-	-	-	-	-	-	70.12M	48.59M	12.22M
COLOMBIA Growth	-	-	-	-	-	-	-	-	-30.70%	-74.85%
C A	37.5M	-	-	-	-	-	-	-	-	-
C A Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Patterson-UTI Energy, Inc. (PTEN) reported $4.84B in revenue for fiscal year 2024. This represents a 89% increase from $2.57B in 2011.

Patterson-UTI Energy, Inc. (PTEN) grew revenue by 29.7% over the past year. This is strong growth.

Patterson-UTI Energy, Inc. (PTEN) reported a net loss of $136.1M for fiscal year 2024.

Dividend & Returns

Yes, Patterson-UTI Energy, Inc. (PTEN) pays a dividend with a yield of 4.73%. This makes it attractive for income-focused investors.

Patterson-UTI Energy, Inc. (PTEN) has a return on equity (ROE) of -23.3%. Negative ROE indicates the company is unprofitable.

Patterson-UTI Energy, Inc. (PTEN) generated $288.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Patterson-UTI Energy, Inc. (PTEN) 10-Year Financial Performance & Capital Metrics

PTEN • • Industrial / General

EnergyOil & Gas DrillingLand Drilling ContractorsNorth American Land Drillers

Revenue $5.38B +29.7%
EBITDA $282M -74.0%
Net Income -$968M -493.0%
EPS (Diluted) -2.44 -377.3%
Gross Margin 5.32% -63.5%
EBITDA Margin 5.25% -79.9%
Operating Margin -16.54% -294.9%
Net Margin -18% -403.0%
ROE -23.34% -407.3%
ROIC -12.7% -301.0%
Debt/Equity 0.37 +33.9%
Interest Coverage -12.36 -285.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 16.8%
✓Healthy dividend yield of 4.7%
✓Trading at only 0.8x book value

✗Weaknesses

✗Shares diluted 41.8% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.39%

5Y16.83%

3Y58.25%

TTM-16.59%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM84.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM83.92%

ROCE

10Y Avg-9.02%

5Y Avg-9.24%

3Y Avg0.15%

Latest-15.66%

Peer Comparison

North American Land Drillers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PDSPrecision Drilling Corporation	922.73M	71.35	9.14	-1.83%	3.21%	3.53%	28.77%	0.53
SOCSable Offshore Corp.	1.55B	10.67	-1.52		9.03%	49.19%		2.22
PTENPatterson-UTI Energy, Inc.	2.56B	6.75	-2.77	29.7%	-2.81%	-4.18%	19.42%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.89B	915.87M	2.36B	3.33B	2.47B	1.12B	1.36B	2.65B	4.15B	5.38B
Revenue Growth %	-0.41%	-0.52%	1.57%	0.41%	-0.26%	-0.54%	0.21%	0.95%	0.57%	0.3%
Cost of Goods Sold+	2.1B	1.32B	2.5B	3.32B	2.78B	1.47B	1.93B	2.33B	3.54B	5.09B
COGS % of Revenue	1.11%	1.44%	1.06%	1%	1.12%	1.31%	1.42%	0.88%	0.85%	0.95%
Gross Profit+	-205.85M	-401.34M	-144.2M	8.19M	-306.88M	-348.58M	-574.04M	317.1M	603.72M	286.17M
Gross Margin %	-0.11%	-0.44%	-0.06%	0%	-0.12%	-0.31%	-0.42%	0.12%	0.15%	0.05%
Gross Profit Growth %	-1.59%	-0.95%	0.64%	1.06%	-38.46%	-0.14%	-0.65%	1.55%	0.9%	-0.53%
Operating Expenses+	87.17M	54.88M	73.89M	116.5M	154.69M	543.67M	103.7M	106.07M	251.77M	1.18B
OpEx % of Revenue	0.05%	0.06%	0.03%	0.04%	0.06%	0.48%	0.08%	0.04%	0.06%	0.22%
Selling, General & Admin	87.17M	69.2M	105.85M	134.07M	133.51M	97.61M	92.38M	116.59M	169.96M	268.34M
SG&A % of Revenue	0.05%	0.08%	0.04%	0.04%	0.05%	0.09%	0.07%	0.04%	0.04%	0.05%
Research & Development	0	0	0	3.44M	3.84M	0	0	0	0	0
R&D % of Revenue	-	-	-	0%	0%	-	-	-	-	-
Other Operating Expenses	34K	69K	343K	750K	17.34M	446.06M	11.32M	-10.52M	81.81M	907.57M
Operating Income+	-406.97M	-456.23M	-292.54M	-322.18M	-461.58M	-892.26M	-677.75M	211.03M	351.95M	-889.74M
Operating Margin %	-0.22%	-0.5%	-0.12%	-0.1%	-0.19%	-0.79%	-0.5%	0.08%	0.08%	-0.17%
Operating Income Growth %	-2.44%	-0.12%	0.36%	-0.1%	-0.43%	-0.93%	0.24%	1.31%	0.67%	-3.53%
EBITDA+	457.79M	212.27M	463.73M	529.26M	542.3M	-221.35M	171.43M	694.98M	1.08B	282.14M
EBITDA Margin %	0.24%	0.23%	0.2%	0.16%	0.22%	-0.2%	0.13%	0.26%	0.26%	0.05%
EBITDA Growth %	-0.54%	-0.54%	1.18%	0.14%	0.02%	-1.41%	1.77%	3.05%	0.56%	-0.74%
D&A (Non-Cash Add-back)	864.76M	668.49M	756.27M	851.43M	1B	670.91M	849.18M	483.94M	731.42M	1.17B
EBIT	-405.97M	-455.83M	-290.33M	-315.83M	-455.17M	-890.25M	-677.8M	208.12M	359.97M	-884.98M
Net Interest Income+	-35.51M	-40.04M	-35.61M	-45.98M	-69.19M	-39.52M	-41.76M	-39.9M	-46.75M	-66.23M
Interest Income	964K	327K	1.87M	5.6M	6.01M	1.25M	222K	360K	6.12M	5.73M
Interest Expense	36.48M	40.37M	37.47M	51.58M	75.2M	40.77M	41.98M	40.26M	52.87M	71.96M
Other Income/Expense	-35.48M	-39.97M	-35.26M	-45.23M	-68.8M	-38.76M	-42.03M	-43.17M	-44.85M	-67.21M
Pretax Income+	-442.45M	-496.2M	-327.8M	-367.41M	-530.38M	-931.02M	-719.78M	167.86M	307.1M	-956.95M
Pretax Margin %	-0.23%	-0.54%	-0.14%	-0.11%	-0.21%	-0.83%	-0.53%	0.06%	0.07%	-0.18%
Income Tax+	-147.96M	-177.56M	-333.71M	-45.99M	-104.67M	-127.33M	-62.7M	13.2M	61.15M	9.45M
Effective Tax Rate %	0.67%	0.64%	-0.02%	0.87%	0.8%	0.86%	0.91%	0.92%	0.8%	1.01%
Net Income+	-294.49M	-318.63M	5.91M	-321.42M	-425.7M	-803.69M	-654.54M	154.66M	246.29M	-968.03M
Net Margin %	-0.16%	-0.35%	0%	-0.1%	-0.17%	-0.71%	-0.48%	0.06%	0.06%	-0.18%
Net Income Growth %	-2.81%	-0.08%	1.02%	-55.39%	-0.32%	-0.89%	0.19%	1.24%	0.59%	-4.93%
Net Income (Continuing)	-294.49M	-318.63M	5.91M	-321.42M	-425.7M	-803.69M	-657.08M	154.66M	245.95M	-966.4M
Discontinued Operations	0	0	0	0	0	0	2.53M	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	8.39M	10.02M
EPS (Diluted)+	-2.03	-2.18	0.03	-1.47	-2.10	-4.27	-3.37	0.70	0.88	-2.44
EPS Growth %	-2.83%	-0.07%	1.01%	-50%	-0.43%	-1.03%	0.21%	1.21%	0.26%	-3.77%
EPS (Basic)	-2.03	-2.18	0.03	-1.47	-2.10	-4.27	-3.37	0.72	0.88	-2.44
Diluted Shares Outstanding	145.42M	146.18M	199.88M	218.64M	203.04M	188.01M	195.02M	219.5M	280.06M	397.2M
Basic Shares Outstanding	145.42M	146.16M	198.45M	218.64M	203.04M	188.01M	195.02M	215.94M	279.5M	397.2M
Dividend Payout Ratio	-	-	2.76%	-	-	-	-	0.28%	0.41%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	486.54M	283.32M	746.86M	950.2M	631.82M	477.96M	583.65M	829.42M	1.49B	1.3B
Cash & Short-Term Investments	113.35M	35.15M	42.83M	245.03M	174.19M	224.91M	117.52M	137.55M	192.68M	239.18M
Cash Only	113.35M	35.15M	42.83M	245.03M	174.19M	224.91M	117.52M	137.55M	192.68M	239.18M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	253.13M	150.22M	581.51M	562.93M	346.1M	164.64M	356.15M	611.47M	1.03B	821.82M
Days Sales Outstanding	48.85	59.87	90.06	61.76	51.13	53.45	95.79	84.3	90.58	55.78
Inventory	14.72M	20.19M	69.17M	65.58M	36.36M	33.09M	42.36M	65.38M	180.81M	167.02M
Days Inventory Outstanding	2.56	5.59	10.09	7.21	4.78	8.2	8.01	10.24	18.63	11.97
Other Current Assets	105.35M	41.32M	53.35M	76.66M	75.18M	55.31M	67.62M	3.06M	36.77M	35.39M
Total Non-Current Assets+	4.05B	3.52B	5.01B	4.52B	3.81B	3.23B	2.37B	2.31B	5.93B	4.54B
Property, Plant & Equipment	3.94B	3.43B	4.27B	4.01B	3.35B	2.78B	2.35B	2.29B	3.48B	3.08B
Fixed Asset Turnover	0.48x	0.27x	0.55x	0.83x	0.74x	0.40x	0.58x	1.15x	1.19x	1.75x
Goodwill	86.23M	86.23M	611.47M	410.76M	395.06M	0	0	0	1.38B	487.39M
Intangible Assets	6.38M	2.73M	75.6M	66.88M	48.94M	30.09M	7.54M	5.84M	1.05B	929.61M
Long-Term Investments	-65.12M	-36.44M	0	-373.26M	0	0	0	0	0	0
Other Non-Current Assets	11.1M	7.31M	49.97M	27.44M	17.78M	11.42M	11.05M	10.88M	19.42M	39.41M
Total Assets+	4.53B	3.8B	5.76B	5.47B	4.44B	3.71B	2.96B	3.14B	7.42B	5.83B
Asset Turnover	0.42x	0.24x	0.41x	0.61x	0.56x	0.30x	0.46x	0.84x	0.56x	0.92x
Asset Growth %	-0.16%	-0.16%	0.51%	-0.05%	-0.19%	-0.16%	-0.2%	0.06%	1.36%	-0.21%
Total Current Liabilities+	308.13M	264.81M	546.25M	526.32M	400.6M	273.72M	435.85M	550.97M	1.05B	841.99M
Accounts Payable	82.77M	125.67M	319.62M	288.96M	170.47M	91.62M	190.22M	237.06M	534.42M	421.32M
Days Payables Outstanding	14.41	34.82	46.65	31.78	22.4	22.71	35.95	37.13	55.06	30.2
Short-Term Debt	63.27M	0	0	0	9.94M	7.1M	0	0	12.23M	6.39M
Deferred Revenue (Current)	0	0	0	0	0	0	1000K	1000K	1000K	0
Other Current Liabilities	84.42M	74.54M	16.11M	94.01M	81.12M	66.53M	67.92M	67.85M	84.34M	331.31M
Current Ratio	1.58x	1.07x	1.37x	1.81x	1.58x	1.75x	1.34x	1.51x	1.41x	1.54x
Quick Ratio	1.53x	0.99x	1.24x	1.68x	1.49x	1.63x	1.24x	1.39x	1.24x	1.34x
Cash Conversion Cycle	37.01	30.64	53.51	37.19	33.51	38.95	67.84	57.41	54.15	37.55
Total Non-Current Liabilities+	1.66B	1.29B	1.23B	1.44B	1.21B	1.42B	912.51M	927.33M	1.55B	1.52B
Long-Term Debt	787.9M	598.44M	866.78M	1.12B	966.54M	901.48M	852.32M	830.94M	1.22B	1.22B
Capital Lease Obligations	0	0	0	0	26.64M	19.12M	18.11M	19.59M	50.8M	44.52M
Deferred Tax Liabilities	863.83M	682.98M	350.84M	306.16M	202.96M	487.5M	29.23M	28.74M	248.11M	238.1M
Other Non-Current Liabilities	8.97M	9.65M	12.49M	12.76M	9.25M	11.01M	12.84M	48.06M	25.07M	13.24M
Total Liabilities	1.97B	1.56B	1.78B	1.96B	1.61B	1.69B	1.35B	1.48B	2.6B	2.36B
Total Debt+	855M	598.44M	866.78M	1.12B	1B	927.7M	877.32M	855.65M	1.35B	1.3B
Net Debt	741.65M	563.28M	823.96M	874.18M	828.93M	702.78M	759.8M	718.1M	1.15B	1.06B
Debt / Equity	0.33x	0.27x	0.22x	0.32x	0.35x	0.46x	0.55x	0.51x	0.28x	0.37x
Debt / EBITDA	1.87x	2.82x	1.87x	2.11x	1.85x	-	5.12x	1.23x	1.24x	4.60x
Net Debt / EBITDA	1.62x	2.65x	1.78x	1.65x	1.53x	-	4.43x	1.03x	1.06x	3.76x
Interest Coverage	-11.16x	-11.30x	-7.81x	-6.25x	-6.14x	-21.89x	-16.15x	5.24x	6.66x	-12.36x
Total Equity+	2.56B	2.25B	3.98B	3.51B	2.83B	2.02B	1.61B	1.67B	4.82B	3.48B
Equity Growth %	-0.12%	-0.12%	0.77%	-0.12%	-0.19%	-0.29%	-0.2%	0.03%	1.89%	-0.28%
Book Value per Share	17.61	15.38	19.92	16.03	13.96	10.72	8.25	7.59	17.21	8.75
Total Shareholders' Equity	2.56B	2.25B	3.98B	3.51B	2.83B	2.02B	1.61B	1.67B	4.81B	3.47B
Common Stock	1.9M	1.92M	2.66M	2.67M	2.69M	2.71M	2.99M	3.02M	5.17M	5.21M
Retained Earnings	2.46B	2.12B	2.11B	1.75B	1.29B	472.01M	-198.32M	-87.39M	57.03M	-1.04B
Treasury Stock	-907.04M	-911.09M	-918.71M	-1.08B	-1.35B	-1.37B	-1.37B	-1.45B	-1.66B	-1.95B
Accumulated OCI	-4.09M	-1.13M	6.82M	2.49M	5.48M	5.41M	5.92M	0	472K	-2.58M
Minority Interest	0	0	0	0	0	0	0	0	8.39M	10.02M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	999.44M	305.03M	300.71M	730.67M	696.2M	278.86M	95.5M	566.19M	1.01B	1.18B
Operating CF Margin %	0.53%	0.33%	0.13%	0.22%	0.28%	0.25%	0.07%	0.21%	0.24%	0.22%
Operating CF Growth %	0.37%	-0.69%	-0.01%	1.43%	-0.05%	-0.6%	-0.66%	4.93%	0.78%	0.17%
Net Income	-294.49M	-318.63M	5.91M	-321.42M	-425.7M	-803.69M	-654.54M	154.66M	246.29M	-966.4M
Depreciation & Amortization	864.76M	668.43M	783.34M	916.32M	1B	670.91M	849.18M	483.94M	731.42M	1.17B
Stock-Based Compensation	28.51M	28.32M	44.48M	37.92M	39.33M	26.57M	21.56M	21.1M	46.75M	46.35M
Deferred Taxes	-101.23M	-157.03M	-330.35M	-41.19M	-103.2M	-125.28M	-62.98M	7M	51.87M	-1.76M
Other Non-Cash Items	115.17M	-12.44M	-31.23M	183.92M	47.32M	426.29M	-2.42M	-13.58M	-3.19M	889.49M
Working Capital Changes	386.72M	96.38M	-171.44M	-44.88M	134.59M	84.06M	-55.29M	-86.93M	-67.22M	35.99M
Change in Receivables	440.88M	72.33M	-239.48M	23.52M	213.59M	173.86M	-147.36M	-209.23M	84.54M	203.65M
Change in Inventory	40.24M	5.66M	-23.45M	-1.47M	29.39M	27.19M	-5.85M	-14.15M	-30.79M	-11.46M
Change in Payables	-131.65M	12.02M	104.07M	-69.45M	-77.69M	-48.6M	50.94M	38.99M	-69.73M	-112.86M
Cash from Investing+	-722.96M	-97.75M	-1.01B	-584.55M	-301.76M	-124.98M	-131.59M	-413.23M	-1.02B	-654.74M
Capital Expenditures	-743.78M	-119.8M	-567.09M	-641.46M	-347.51M	-145.48M	-166.32M	-436.8M	-615.69M	-678.39M
CapEx % of Revenue	0.39%	0.13%	0.24%	0.19%	0.14%	0.13%	0.12%	0.16%	0.15%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	20.81M	21.89M	60.95M	71.12M	45.76M	-424K	64.08M	-2.5M	-5.89M	20.66M
Cash from Financing+	-199.26M	-285.28M	716.57M	56.86M	-465.22M	-103.15M	-71.93M	-133.38M	65.57M	-474.99M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-58.77M	-23.58M	-16.32M	-30.59M	-32.43M	-18.86M	-15.61M	-43.1M	-100.03M	-126.79M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.98M	-3.09M	123K	-4M	-852K	-584K	0	-455K	-6.35M	-12.29M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	255.66M	185.24M	-266.38M	89.21M	348.69M	133.38M	-70.82M	129.39M	390.22M	497.15M
FCF Margin %	0.14%	0.2%	-0.11%	0.03%	0.14%	0.12%	-0.05%	0.05%	0.09%	0.09%
FCF Growth %	1.79%	-0.28%	-2.44%	1.33%	2.91%	-0.62%	-1.53%	2.83%	2.02%	0.27%
FCF per Share	1.76	1.27	-1.33	0.41	1.72	0.71	-0.36	0.59	1.39	1.25
FCF Conversion (FCF/Net Income)	-3.39x	-0.96x	50.88x	-2.27x	-1.64x	-0.35x	-0.15x	3.66x	4.08x	-1.21x
Interest Paid	0	0	0	0	76.87M	0	0	39.85M	39.61M	0
Taxes Paid	0	0	0	0	1.45M	0	0	1.53M	27.17M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.77%	-13.25%	0.19%	-8.59%	-13.43%	-33.14%	-36.11%	9.44%	7.59%	-23.34%
Return on Invested Capital (ROIC)	-8.54%	-11.19%	-5.76%	-5.26%	-8.61%	-20.97%	-19.98%	6.66%	6.32%	-12.7%
Gross Margin	-10.88%	-43.82%	-6.12%	0.25%	-12.42%	-31.01%	-42.3%	11.98%	14.56%	5.32%
Net Margin	-15.57%	-34.79%	0.25%	-9.66%	-17.23%	-71.49%	-48.23%	5.84%	5.94%	-18%
Debt / Equity	0.33x	0.27x	0.22x	0.32x	0.35x	0.46x	0.55x	0.51x	0.28x	0.37x
Interest Coverage	-11.16x	-11.30x	-7.81x	-6.25x	-6.14x	-21.89x	-16.15x	5.24x	6.66x	-12.36x
FCF Conversion	-3.39x	-0.96x	50.88x	-2.27x	-1.64x	-0.35x	-0.15x	3.66x	4.08x	-1.21x
Revenue Growth	-40.57%	-51.57%	157.32%	41.17%	-25.74%	-54.5%	20.71%	95.09%	56.61%	29.7%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Completion Services	-	-	-	-	-	-	-	-	-	3.23B
Completion Services Growth	-	-	-	-	-	-	-	-	-	-
Drilling Services	-	-	-	-	-	-	-	-	1.92B	1.73B
Drilling Services Growth	-	-	-	-	-	-	-	-	-	-10.00%
Other Revenue	-	-	-	-	-	-	-	-	-	65.67M
Other Revenue Growth	-	-	-	-	-	-	-	-	-	-
Drilling Products	-	-	-	-	-	-	-	-	134.68M	-
Drilling Products Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	104.86M	45.66M	-	92.01M	74.58M	-
Other Growth	-	-	-	-	-	-56.46%	-	-	-18.94%	-
Contract Drilling	1.16B	544.2M	1.04B	-	-	-	-	1.32B	-	-
Contract Drilling Growth	-	-52.91%	91.38%	-	-	-	-	-	-	-
Pressure Pumping	712.45M	354.07M	1.2B	1.57B	868.69M	336.11M	-	1.02B	-	-
Pressure Pumping Growth	-	-50.30%	239.00%	31.08%	-44.79%	-61.31%	-	-	-	-
Directional Drilling	-	-	45.58M	209.28M	188.79M	73.36M	-	216.5M	-	-
Directional Drilling Growth	-	-	-	359.14%	-9.79%	-61.14%	-	-	-	-
Well Servicing	-	-	-	-	-	-	19.65M	-	-	-
Well Servicing Growth	-	-	-	-	-	-	-	-	-	-
Wireline	-	-	-	-	-	-	9.87M	-	-	-
Wireline Growth	-	-	-	-	-	-	-	-	-	-
All Others	-	-	-	131.03M	-	-	-	-	-	-
All Others Growth	-	-	-	-	-	-	-	-	-	-
Oil And Natural Gas	24.93M	-	-	-	-	-	-	-	-	-
Oil And Natural Gas Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	-	-	2.58B	4.06B	5.25B
UNITED STATES Growth	-	-	-	-	-	-	-	-	57.41%	29.38%
Other Non-US Countries	-	-	-	-	-	-	-	-	28.15M	83.02M
Other Non-US Countries Growth	-	-	-	-	-	-	-	-	-	194.90%
CANADA	-	15.6M	13.7M	-	-	-	-	-	12.5M	33.52M
CANADA Growth	-	-	-12.18%	-	-	-	-	-	-	168.12%
COLOMBIA	-	-	-	-	-	-	-	70.12M	48.59M	12.22M
COLOMBIA Growth	-	-	-	-	-	-	-	-	-30.70%	-74.85%
C A	37.5M	-	-	-	-	-	-	-	-	-
C A Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Patterson-UTI Energy, Inc. (PTEN) reported $4.84B in revenue for fiscal year 2024. This represents a 89% increase from $2.57B in 2011.

Patterson-UTI Energy, Inc. (PTEN) grew revenue by 29.7% over the past year. This is strong growth.

Patterson-UTI Energy, Inc. (PTEN) reported a net loss of $136.1M for fiscal year 2024.

Dividend & Returns

Yes, Patterson-UTI Energy, Inc. (PTEN) pays a dividend with a yield of 4.73%. This makes it attractive for income-focused investors.

Patterson-UTI Energy, Inc. (PTEN) has a return on equity (ROE) of -23.3%. Negative ROE indicates the company is unprofitable.

Patterson-UTI Energy, Inc. (PTEN) generated $288.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.