Patterson-UTI Energy, Inc. (PTEN) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Drilling
EV/EBITDA
↓
5.74
↓-33% vs avg
5yr avg: 8.63
30Y Low2.1·High36.8
P/FCF
↓
11.81
-4% vs avg
5yr avg: 12.30
30Y Low6.1·High107.1
P/B Ratio
↓
1.38
↑+24% vs avg
5yr avg: 1.11
30Y Low0.5·High9.2
ROE
↑
-2.8%
↓+69% vs avg
5yr avg: -9.0%
30Y Low-36%·High46%
Debt/EBITDA
↓
1.40
↓-49% vs avg
5yr avg: 2.72
30Y Low0.1·High5.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PTEN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Patterson-UTI Energy, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 11.8x P/FCF, roughly in line with the 5-year average of 12.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $2.3B | $3.3B | $3.0B | $3.7B | $1.6B | $989M | $2.1B | $2.3B | $4.6B | $3.9B |
| Enterprise Value | $5.3B | $3.2B | $4.3B | $4.2B | $4.4B | $2.4B | $1.7B | $3.0B | $3.1B | $5.4B | $4.5B |
| P/E Ratio → | -48.25 | — | — | 12.27 | 24.06 | — | — | — | — | 767.00 | — |
| P/S Ratio | 0.91 | 0.49 | 0.61 | 0.73 | 1.40 | 1.21 | 0.88 | 0.86 | 0.68 | 1.95 | 4.30 |
| P/B Ratio | 1.38 | 0.73 | 0.94 | 0.63 | 2.22 | 1.02 | 0.49 | 0.75 | 0.65 | 1.15 | 1.75 |
| P/FCF | 11.81 | 6.30 | 6.60 | 7.75 | 28.57 | — | 7.41 | 6.11 | 25.37 | — | 21.24 |
| P/OCF | 4.57 | 2.44 | 2.79 | 3.01 | 6.53 | 17.26 | 3.55 | 3.06 | 3.10 | 15.29 | 12.90 |
P/E links to full P/E history page with 30-year chart
PTEN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Patterson-UTI Energy, Inc.'s enterprise value stands at 5.7x EBITDA, 33% below its 5-year average of 8.6x. The Energy sector median is 8.1x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.66 | 0.81 | 1.01 | 1.67 | 1.77 | 1.50 | 1.20 | 0.94 | 2.30 | 4.91 |
| EV / EBITDA | 5.74 | 3.50 | 15.39 | 3.86 | 6.35 | 14.05 | — | 5.46 | 5.93 | 11.69 | 21.19 |
| EV / EBIT | — | — | — | 11.60 | 21.21 | — | — | — | — | — | — |
| EV / FCF | — | 8.61 | 8.73 | 10.71 | 34.12 | — | 12.68 | 8.49 | 35.16 | — | 24.28 |
PTEN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Patterson-UTI Energy, Inc. earns an operating margin of -0.5%, below the Energy sector average of 14.5%. Operating margins have compressed from 8.5% to -0.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -2.8% indicates the company is currently destroying shareholder equity.
Margins
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 | 4.8% | 4.8% | 5.3% | 14.6% | 12.0% | -42.3% | -31.0% | -12.4% | 0.2% | -6.1% | -43.8% |
| Operating Margin | -0.5% | -0.5% | -16.5% | 8.5% | 8.0% | -49.9% | -79.4% | -18.7% | -9.7% | -12.4% | -49.8% |
| Net Profit Margin | -1.9% | -1.9% | -18.0% | 5.9% | 5.8% | -48.2% | -71.5% | -17.2% | -9.7% | 0.3% | -34.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.8% | -2.8% | -23.3% | 7.6% | 9.4% | -36.1% | -33.1% | -13.4% | -8.6% | 0.2% | -13.2% |
| ROA | -1.6% | -1.6% | -14.6% | 4.7% | 5.1% | -19.6% | -19.7% | -8.6% | -5.7% | 0.1% | -7.6% |
| ROIC | -0.4% | -0.4% | -12.7% | 6.3% | 6.7% | -20.0% | -21.0% | -8.6% | -5.3% | -5.8% | -11.2% |
| ROCE | -0.5% | -0.5% | -15.7% | 7.9% | 8.3% | -22.8% | -23.9% | -10.3% | -6.3% | -6.7% | -11.8% |
PTEN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Patterson-UTI Energy, Inc. carries a Debt/EBITDA ratio of 1.4x, which is manageable (42% below the sector average of 2.4x). Net debt stands at $860M ($1.3B total debt minus $421M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.40 | 0.37 | 0.28 | 0.51 | 0.55 | 0.46 | 0.35 | 0.32 | 0.22 | 0.27 |
| Debt / EBITDA | 1.40 | 1.40 | 4.60 | 1.24 | 1.23 | 5.12 | — | 1.85 | 2.11 | 1.87 | 2.82 |
| Net Debt / Equity | — | 0.27 | 0.30 | 0.24 | 0.43 | 0.47 | 0.35 | 0.29 | 0.25 | 0.21 | 0.25 |
| Net Debt / EBITDA | 0.94 | 0.94 | 3.76 | 1.06 | 1.03 | 4.43 | — | 1.53 | 1.65 | 1.78 | 2.65 |
| Debt / FCF | — | 2.31 | 2.13 | 2.95 | 5.55 | — | 5.27 | 2.38 | 9.80 | — | 3.04 |
| Interest Coverage | -0.46 | -0.46 | -12.30 | 6.81 | 5.17 | -16.15 | -21.84 | -6.05 | -6.12 | -7.75 | -11.29 |
PTEN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.64x means Patterson-UTI Energy, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.41x to 1.64x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.64 | 1.64 | 1.54 | 1.41 | 1.51 | 1.34 | 1.75 | 1.58 | 1.81 | 1.37 | 1.07 |
| Quick Ratio | 1.46 | 1.46 | 1.34 | 1.24 | 1.39 | 1.24 | 1.63 | 1.49 | 1.68 | 1.24 | 0.99 |
| Cash Ratio | 0.49 | 0.49 | 0.28 | 0.18 | 0.25 | 0.27 | 0.82 | 0.43 | 0.47 | 0.08 | 0.13 |
| Asset Turnover | — | 0.87 | 0.92 | 0.56 | 0.84 | 0.46 | 0.30 | 0.56 | 0.61 | 0.41 | 0.24 |
| Inventory Turnover | 28.68 | 28.68 | 30.49 | 19.59 | 35.65 | 45.59 | 44.52 | 76.40 | 50.61 | 36.16 | 65.24 |
| Days Sales Outstanding | — | 58.68 | 55.78 | 90.58 | 84.30 | 95.79 | 53.45 | 51.13 | 61.76 | 90.06 | 59.87 |
PTEN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Patterson-UTI Energy, Inc. returns 4.3% to shareholders annually — split between a 2.8% dividend yield and 1.6% buyback yield.
Dividends
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 | 2.8% | 5.2% | 3.9% | 3.3% | 1.2% | 0.9% | 1.9% | 1.5% | 1.4% | 0.4% | 0.6% |
| Payout Ratio | — | — | — | 40.6% | 27.9% | — | — | — | — | 276.1% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 8.1% | 4.2% | — | — | — | — | 0.1% | — |
| FCF Yield | 8.5% | 15.9% | 15.2% | 12.9% | 3.5% | — | 13.5% | 16.4% | 3.9% | — | 4.7% |
| Buyback Yield | 1.6% | 3.0% | 8.9% | 6.6% | 1.9% | 0.4% | 2.1% | 12.0% | 7.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 4.3% | 8.2% | 12.7% | 9.9% | 3.1% | 1.3% | 4.0% | 13.5% | 8.5% | 0.5% | 0.7% |
| Shares Outstanding | — | $383M | $397M | $280M | $219M | $195M | $188M | $203M | $219M | $200M | $146M |
Peer Comparison
Compare PTEN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PTENYou | $4B | -48.3 | 5.7 | 11.8 | 4.8% | -0.5% | -2.8% | -0.4% | 1.4 |
 HP | $4B | -24.0 | 7.1 | 34.1 | 14.8% | 6.2% | -5.7% | 3.7% | 2.7 |
 NBR | $2B | 5.8 | 3.5 | — | 19.5% | 8.3% | 18.8% | 6.2% | 2.8 |
 PD | $629M | 3.7 | 137.8 | 5.6 | 84.9% | 1.2% | 83.0% | 1.2% | 70.8 |
 NINE | $429M | -7.9 | 337.9 | — | — | — | — | 0.7% | 163.0 |
 SLB | $83B | 23.5 | 12.5 | 17.3 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $34B | 26.9 | 11.7 | 20.2 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 BKR | $66B | 25.6 | 14.7 | 26.1 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 WTTR | $2B | 87.3 | 10.1 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 |
 PUMP | $2B | 2021.8 | 10.8 | 45.5 | 9.9% | 1.5% | 0.1% | 1.4% | 1.3 |
 ACDC | $1B | -3.1 | 8.5 | 65.8 | 3.7% | -6.9% | -37.7% | -4.6% | 4.0 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonPTEN — Frequently Asked Questions
Quick answers to the most common questions about buying PTEN stock.
What is Patterson-UTI Energy, Inc.'s P/E ratio?
Patterson-UTI Energy, Inc.'s current P/E ratio is -48.3x. The historical average is 23.0x.
What is Patterson-UTI Energy, Inc.'s EV/EBITDA?
Patterson-UTI Energy, Inc.'s current EV/EBITDA is 5.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
What is Patterson-UTI Energy, Inc.'s ROE?
Patterson-UTI Energy, Inc.'s return on equity (ROE) is -2.8%. The historical average is 4.4%.
Is PTEN stock overvalued?
Based on historical data, Patterson-UTI Energy, Inc. is trading at a P/E of -48.3x. Compare with industry peers and growth rates for a complete picture.
What is Patterson-UTI Energy, Inc.'s dividend yield?
Patterson-UTI Energy, Inc.'s current dividend yield is 2.76%.
What are Patterson-UTI Energy, Inc.'s profit margins?
Patterson-UTI Energy, Inc. has 4.8% gross margin and -0.5% operating margin.
How much debt does Patterson-UTI Energy, Inc. have?
Patterson-UTI Energy, Inc.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.