Patterson-UTI Energy, Inc. (PTEN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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PTEN Revenue Growth
Revenue Breakdown (FY 2025)
PTEN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PTEN Revenue Analysis (2014–2025)
As of May 8, 2026, Patterson-UTI Energy, Inc. (PTEN) generated trailing twelve-month (TTM) revenue of $4.66 billion, reflecting significant decline in growth of -12.7% year-over-year. The most recent quarter (Q1 2026) recorded $1.12 billion in revenue, down 2.9% sequentially.
Looking at the longer-term picture, PTEN's 5-year compound annual growth rate (CAGR) stands at +33.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $5.38 billion in 2024.
Revenue diversification analysis shows PTEN's business is primarily driven by Completion Services (60%), Drilling Services (32%), and Drilling Products (7%). With over half of revenue concentrated in Completion Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including HP (+29.7% YoY), NBR (+8.7% YoY), and PD (+5.4% YoY), PTEN has underperformed the peer group in terms of revenue growth. Compare PTEN vs HP →
PTEN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PTENCurrent | $4.7B | -12.7% | +33.8% | -0.5% | |
 HP | $3.7B | +29.7% | +16.1% | 6.2% | |
 NBR | $3.2B | +8.7% | +8.3% | 8.3% | |
 PD | $493M | +5.4% | +18.2% | 1.2% | |
 SLB | $35.7B | -1.6% | +8.6% | 15.3% |
PTEN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.83B | -10.3% | $229.9M | 4.8% | $-25,214,000 | -0.5% |
| 2024 | $5.38B | +29.7% | $286.2M | 5.3% | $-889,737,000 | -16.5% |
| 2023 | $4.15B | +56.6% | $603.7M | 14.6% | $352.0M | 8.5% |
| 2022 | $2.65B | +95.1% | $317.1M | 12.0% | $211.0M | 8.0% |
| 2021 | $1.36B | +20.7% | $-574,045,000 | -42.3% | $-677,750,000 | -49.9% |
| 2020 | $1.12B | -54.5% | $-348,584,000 | -31.0% | $-892,258,000 | -79.4% |
| 2019 | $2.47B | -25.7% | $-306,885,000 | -12.4% | $-461,576,000 | -18.7% |
| 2018 | $3.33B | +41.2% | $8.2M | 0.2% | $-322,177,000 | -9.7% |
| 2017 | $2.36B | +157.3% | $-144,197,000 | -6.1% | $-292,538,000 | -12.4% |
| 2016 | $915.9M | -51.6% | $-401,344,000 | -43.8% | $-456,226,000 | -49.8% |
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Start ComparisonPTEN — Frequently Asked Questions
Quick answers to the most common questions about buying PTEN stock.
Is PTEN's revenue growth accelerating or slowing?
PTEN revenue declined -12.7% year-over-year, contrasting with the 5-year CAGR of +33.8%. TTM revenue fell to $4.7B. This reverses the prior growth trend.
What is PTEN's long-term revenue growth rate?
Patterson-UTI Energy, Inc.'s 5-year revenue CAGR of +33.8% reflects the variable expansion pattern. Current YoY growth of -12.7% is below this long-term average.
How is PTEN's revenue distributed by segment?
PTEN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.