Patterson-UTI Energy (PTEN) Financials

$5.59 -0.06 (-1.06%)

Closing price 04:00 PM Eastern

Extended Trading

$5.54 -0.05 (-0.89%)

As of 07:53 PM Eastern

Annual Income Statements for Patterson-UTI Energy

This table shows Patterson-UTI Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-968	246	155	-655	-804	-426	5.91	350	-294
Consolidated Net Income / (Loss)	-966	246	155	-655	-804	-426	5.91	-319	-294
Net Income / (Loss) Continuing Operations	-966	246	155	-657	-804	-426	5.91	350	-294
Total Pre-Tax Income	-957	307	168	-720	-931	-530	-328	-496	-442
Total Operating Income	-890	352	211	-678	-892	-462	-293	212	-407
Total Gross Profit	1,458	1,335	801	277	317	691	639	267	670
Total Revenue	5,378	4,146	2,648	1,357	1,124	2,471	2,357	916	1,891
Operating Revenue	5,378	4,146	2,648	1,357	1,124	2,471	2,357	916	1,866
Total Cost of Revenue	3,920	2,811	1,847	1,080	808	1,779	1,718	649	1,221
Operating Cost of Revenue	3,920	2,811	1,847	1,082	802	1,774	1,718	649	1,221
Total Operating Expenses	2,348	983	590	954	1,209	1,153	932	55	1,077
Selling, General & Admin Expense	268	170	117	92	98	134	106	69	86
Depreciation Expense	1,172	731	484	849	671	1,004	783	-	865
Other Operating Expenses / (Income)	-11	-16	-13	0.76	7.06	-2.31	-32	-14	1.65
Impairment Charge	885	0.00	0.00	-	395	18	-	-	125
Restructuring Charge	33	98	2.07	12	38	0.00	74	-	-
Total Other Income / (Expense), net	-67	-45	-43	-42	-39	-69	-35	-40	-35
Interest Expense	72	53	40	42	41	75	37	-40	36
Interest & Investment Income	5.73	6.12	0.36	0.22	1.25	6.01	1.87	0.33	0.96
Other Income / (Expense), net	-0.98	1.90	-3.27	-0.28	0.76	0.39	0.34	0.07	0.03
Income Tax Expense	9.45	61	13	-63	-127	-105	-334	-178	-148
Net Income / (Loss) Attributable to Noncontrolling Interest	1.63	-0.34	0.00	0.00	-	-	-	-	-
Basic Earnings per Share	($2.44)	$0.88	$0.72	($3.36)	($4.27)	($2.10)	$0.03	($2.18)	($2.00)
Weighted Average Basic Shares Outstanding	397.20M	279.50M	215.94M	195.02M	188.01M	203.04M	198.45M	146.18M	145.42M
Diluted Earnings per Share	($2.44)	$0.88	$0.70	($3.36)	($4.27)	($2.10)	$0.03	($2.18)	($2.00)
Weighted Average Diluted Shares Outstanding	397.20M	280.06M	219.50M	195.02M	188.01M	203.04M	199.88M	146.18M	145.42M
Weighted Average Basic & Diluted Shares Outstanding	386.39M	408.19M	213.66M	215.27M	187.74M	192.15M	197M	146.20M	147.20M
Cash Dividends to Common per Share	$0.32	$0.32	$0.20	$0.08	$0.10	$0.16	$0.08	$0.16	$0.40

This table shows Patterson-UTI Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1.01	-52	-979	11	51	62	0.05	85	100	100	61
Consolidated Net Income / (Loss)	1.29	-51	-978	12	52	62	-0.28	85	100	100	61
Net Income / (Loss) Continuing Operations	1.29	-51	-978	12	52	62	-0.28	85	100	100	61
Total Pre-Tax Income	2.68	-49	-1,009	29	72	93	-4.41	98	120	108	64
Total Operating Income	17	-31	-991	45	87	112	9.70	105	126	117	76
Total Gross Profit	319	308	345	377	428	465	320	271	279	273	227
Total Revenue	1,281	1,162	1,357	1,348	1,510	1,584	1,011	759	792	788	728
Operating Revenue	1,281	1,162	1,357	1,348	1,510	1,584	1,011	759	792	788	728
Total Cost of Revenue	961	854	1,013	971	1,082	1,119	691	488	513	516	501
Operating Cost of Revenue	961	860	1,012	971	1,077	1,119	691	488	513	516	501
Total Operating Expenses	302	339	1,335	332	341	353	310	166	153	156	151
Selling, General & Admin Expense	67	73	66	65	65	61	45	33	31	35	28
Depreciation Expense	232	255	375	268	275	279	198	127	128	123	122
Other Operating Expenses / (Income)	2.95	8.35	2.91	-11	-11	-6.28	-2.64	-1.79	-5.57	-2.03	-0.11
Restructuring Charge	0.43	3.46	6.70	11	12	20	70	7.94	0.00	-	0.02
Total Other Income / (Expense), net	-14	-18	-18	-16	-15	-18	-14	-6.20	-6.10	-8.41	-13
Interest Expense	18	18	18	18	18	19	16	9.74	8.83	8.06	11
Interest & Investment Income	1.46	0.93	0.75	1.87	2.19	1.54	2.13	1.21	1.24	0.27	0.06
Other Income / (Expense), net	1.97	-1.33	-0.72	0.22	0.85	-1.29	-0.62	2.32	1.49	-0.63	-1.77
Income Tax Expense	1.39	1.93	-30	18	20	31	-4.13	14	20	8.29	2.20
Net Income / (Loss) Attributable to Noncontrolling Interest	0.29	0.19	0.43	0.54	0.47	-0.01	-0.33	0.00	0.00	-	0.00
Basic Earnings per Share	$0.00	($0.10)	($2.50)	$0.03	$0.13	-	$0.00	$0.41	$0.47	$0.47	$0.28
Weighted Average Basic Shares Outstanding	386.52M	397.20M	391.73M	399.56M	408.18M	279.50M	280.22M	207.84M	212.09M	215.94M	216.82M
Diluted Earnings per Share	$0.00	($0.10)	($2.50)	$0.03	$0.13	$0.02	$0.00	$0.40	$0.46	$0.45	$0.28
Weighted Average Diluted Shares Outstanding	387.04M	397.20M	391.73M	399.56M	409.82M	280.06M	281.98M	208.98M	215.87M	219.50M	220.45M
Weighted Average Basic & Diluted Shares Outstanding	385.99M	386.39M	389.96M	393.05M	401.70M	408.19M	417.28M	207.99M	208.25M	213.66M	216.82M
Cash Dividends to Common per Share	$0.08	-	$0.08	$0.08	$0.08	-	$0.08	$0.08	$0.08	-	$0.04

This table details how cash moves in and out of Patterson-UTI Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	49	55	20	-107	51	-71	202	7.68	-78	70
Net Cash From Operating Activities	1,176	1,006	566	95	279	696	731	301	305	999
Net Cash From Continuing Operating Activities	1,176	1,006	566	96	279	696	731	301	305	999
Net Income / (Loss) Continuing Operations	-966	246	155	-655	-804	-426	-321	5.91	-319	-294
Consolidated Net Income / (Loss)	-966	246	155	-655	-804	-426	-321	5.91	-319	-294
Depreciation Expense	1,172	731	484	849	671	1,004	916	783	668	865
Non-Cash Adjustments To Reconcile Net Income	936	44	7.52	20	452	86	221	13	8.74	142
Changes in Operating Assets and Liabilities, net	34	-15	-80	-118	-41	31	-86	-502	-56	286
Net Cash From Investing Activities	-655	-1,018	-413	-132	-125	-302	-585	-1,011	-98	-723
Net Cash From Continuing Investing Activities	-655	-1,018	-413	-173	-125	-302	-585	-1,011	-98	-723
Purchase of Property, Plant & Equipment	-678	-616	-437	-166	-145	-348	-641	-567	-120	-744
Acquisitions	2.98	-422	0.00	-29	0.00	-0.01	-14	-502	-	-
Purchase of Investments	-5.17	-5.87	-2.50	-0.52	-0.42	0.00	0.00	-2.52	-	-
Sale of Property, Plant & Equipment	26	26	26	-	-	-	-	-	22	21
Net Cash From Financing Activities	-475	66	-133	-72	-103	-465	57	717	-285	-199
Net Cash From Continuing Financing Activities	-475	66	-133	-72	-103	-465	57	717	-285	-199
Repayment of Debt	-62	-434	-170	-50	-63	-674	-351	-331	-459	-386
Repurchase of Common Equity	-290	-201	-70	-6.33	-21	-255	-162	-6.81	-3.61	-8.01
Payment of Dividends	-127	-100	-43	-16	-19	-32	-31	-16	-24	-59
Issuance of Debt	50	816	150	0.00	0.00	497	600	599	201	254
Other Financing Activities, net	-45	-16	0.00	0.00	-	0.00	0.49	0.12	0.27	-
Effect of Exchange Rate Changes	2.81	1.24	0.45	0.64	-0.00	-0.06	-0.78	1.01	-0.20	-6.88
Cash Interest Paid	69	40	40	40	43	77	41	35	37	33
Cash Income Taxes Paid	-15	-27	-1.53	4.20	3.71	-1.45	3.17	3.95	53	97

This table details how cash moves in and out of Patterson-UTI Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-16	126	40	-95	-22	126	-83	-6.93	20	95	23
Net Cash From Operating Activities	208	316	296	198	366	453	156	163	234	303	178
Net Cash From Continuing Operating Activities	208	316	296	198	366	453	156	163	234	303	178
Net Income / (Loss) Continuing Operations	1.29	-51	-978	12	52	62	-0.28	85	100	100	61
Consolidated Net Income / (Loss)	1.29	-51	-978	12	52	62	-0.28	85	100	100	61
Depreciation Expense	232	255	375	268	275	279	198	127	128	123	122
Non-Cash Adjustments To Reconcile Net Income	11	13	900	7.04	15	11	28	5.26	-0.87	1.87	5.72
Changes in Operating Assets and Liabilities, net	-36	99	-0.22	-89	24	101	-69	-54	7.36	78	-11
Net Cash From Investing Activities	-165	-130	-175	-122	-227	-204	-571	-126	-116	-114	-121
Net Cash From Continuing Investing Activities	-165	-130	-175	-122	-227	-204	-571	-126	-116	-114	-121
Purchase of Property, Plant & Equipment	-162	-140	-181	-131	-227	-205	-160	-132	-118	-119	-126
Purchase of Investments	-7.02	-0.73	-3.07	1.56	-2.93	-5.59	-0.28	-0.00	-0.01	-0.10	-0.06
Sale of Property, Plant & Equipment	4.34	11	5.36	6.93	2.39	6.91	12	6.53	1.26	5.77	4.96
Net Cash From Financing Activities	-59	-64	-79	-171	-162	-123	331	-44	-98	-95	-34
Net Cash From Continuing Financing Activities	-59	-64	-79	-171	-162	-123	331	-44	-98	-95	-34
Repayment of Debt	-7.70	-3.13	-53	-2.04	-4.03	-3.42	-423	-	-7.84	-80	-70
Repurchase of Common Equity	-20	-20	-40	-132	-98	-76	-23	-27	-74	-57	-
Payment of Dividends	-31	-31	-31	-32	-33	-33	-33	-17	-17	-17	-8.67
Effect of Exchange Rate Changes	-0.85	3.57	-1.74	0.24	0.75	-0.30	-	-	0.00	-	-
Cash Interest Paid	24	24	10	24	10	10	12	8.64	8.87	8.52	11
Cash Income Taxes Paid	1.44	-0.44	-1.59	-12	-0.38	0.29	-9.79	-17	-0.34	-0.36	-0.29

This table presents Patterson-UTI Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	5,833	7,420	3,144	2,958	3,299	4,440	5,470	5,759	3,772	4,529
Total Current Assets	1,295	1,486	829	584	478	632	950	747	247	487
Cash & Equivalents	241	193	138	118	225	174	245	43	35	113
Accounts Receivable	764	971	566	356	160	340	559	580	148	220
Inventories, net	167	181	65	42	33	36	66	69	20	15
Other Current Assets	123	141	61	68	55	75	77	53	41	40
Plant, Property, & Equipment, net	3,010	3,340	2,261	2,332	2,761	3,307	4,003	4,255	3,409	3,921
Total Noncurrent Assets	1,528	2,594	54	42	60	501	517	757	116	122
Noncurrent Note & Lease Receivables	27	63	0.00	-	-	-	-	-	-	-
Goodwill	487	1,380	0.00	-	-	444	478	687	89	93
Intangible Assets	930	1,052	5.85	7.54	30	-	-	-	-	-
Noncurrent Deferred & Refundable Income Taxes	0.00	3.93	3.21	3.98	-	-	-	3.88	4.12	-
Other Noncurrent Operating Assets	84	95	45	31	30	57	39	66	23	30
Total Liabilities & Shareholders' Equity	5,833	7,420	3,144	2,958	3,299	4,440	5,470	5,759	3,772	4,529
Total Liabilities	2,358	2,599	1,478	1,348	1,283	1,606	1,964	1,776	1,524	1,968
Total Current Liabilities	842	1,050	551	436	274	401	526	546	265	308
Short-Term Debt	6.39	12	0.00	-	-	-	-	-	-	63
Accounts Payable	421	534	237	190	91	170	289	320	126	83
Accrued Expenses	386	446	309	239	176	220	236	227	139	162
Other Current Liabilities	29	58	5.12	6.89	7.10	9.94	-	-	-	-
Total Noncurrent Liabilities	1,516	1,549	927	913	1,009	1,205	1,438	1,230	1,259	1,661
Long-Term Debt	1,220	1,225	831	852	901	967	1,119	867	598	788
Noncurrent Deferred & Payable Income Tax Liabilities	238	248	29	29	78	203	306	351	651	864
Other Noncurrent Operating Liabilities	58	76	68	31	30	36	13	12	9.65	8.97
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,476	4,821	1,666	1,609	2,016	2,834	3,505	3,982	2,249	2,561
Total Preferred & Common Equity	3,466	4,812	1,666	1,609	2,016	2,834	3,505	3,982	2,249	2,561
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,466	4,812	1,666	1,609	2,016	2,834	3,505	3,982	2,249	2,561
Common Stock	6,459	6,412	3,206	3,175	2,905	2,878	2,830	2,788	1,045	1,014
Retained Earnings	-1,039	57	-87	-198	472	1,295	1,754	2,106	2,116	2,459
Treasury Stock	-1,951	-1,658	-1,453	-1,373	-1,366	-1,345	-1,080	-919	-911	-907
Accumulated Other Comprehensive Income / (Loss)	-2.58	0.47	0.00	5.92	5.41	5.48	2.49	6.82	-1.13	-4.09
Noncontrolling Interest	10	8.39	0.00	-	-	-	-	-	-	-

This table presents Patterson-UTI Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,765	5,964	7,022	7,226	7,421	3,117	3,092	3,042
Total Current Assets	1,317	1,302	1,279	1,355	1,424	801	780	713
Cash & Equivalents	225	115	75	170	67	150	157	43
Accounts Receivable	800	864	867	873	1,010	491	493	546
Inventories, net	168	173	172	183	187	68	65	55
Other Current Assets	124	150	165	129	161	92	64	68
Plant, Property, & Equipment, net	2,937	3,095	3,236	3,319	3,388	2,264	2,253	2,279
Total Noncurrent Assets	1,511	1,566	2,507	2,552	2,608	52	59	50
Noncurrent Note & Lease Receivables	24	34	30	33	57	-	-	-
Goodwill	487	487	1,377	1,380	1,373	-	-	-
Intangible Assets	901	963	992	1,023	1,075	5.14	5.49	6.11
Other Noncurrent Operating Assets	98	83	107	112	96	43	50	41
Total Liabilities & Shareholders' Equity	5,765	5,964	7,022	7,226	7,421	3,117	3,092	3,042
Total Liabilities	2,330	2,392	2,414	2,474	2,561	1,397	1,419	1,408
Total Current Liabilities	818	858	851	917	1,037	454	487	460
Short-Term Debt	3.22	9.51	13	12	12	-	-	-
Accounts Payable	514	493	476	545	580	246	271	264
Accrued Expenses	274	327	329	324	390	204	204	188
Other Current Liabilities	27	29	33	36	55	4.75	5.05	5.42
Total Noncurrent Liabilities	1,512	1,533	1,563	1,557	1,524	943	933	948
Long-Term Debt	1,220	1,219	1,219	1,221	1,228	822	822	853
Noncurrent Deferred & Payable Income Tax Liabilities	239	246	280	268	218	59	47	23
Other Noncurrent Operating Liabilities	53	68	63	68	78	62	63	72
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,435	3,572	4,609	4,752	4,860	1,720	1,673	1,634
Total Preferred & Common Equity	3,427	3,562	4,599	4,743	4,851	1,720	1,673	1,634
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,427	3,562	4,599	4,743	4,851	1,720	1,673	1,634
Common Stock	6,471	6,448	6,435	6,425	6,401	3,212	3,205	3,200
Retained Earnings	-1,070	-956	54	75	29	63	-4.90	-170
Treasury Stock	-1,971	-1,930	-1,890	-1,756	-1,578	-1,555	-1,527	-1,396
Accumulated Other Comprehensive Income / (Loss)	-2.87	-0.05	-0.65	-0.52	-0.66	0.00	0.00	0.00
Noncontrolling Interest	8.41	9.83	9.40	8.86	8.40	-	-	-

This table displays calculated financial ratios and metrics derived from Patterson-UTI Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.70%	56.61%	95.09%	20.71%	-54.50%	0.00%	0.00%	157.32%	-51.57%	-40.57%
EBITDA Growth	-74.09%	56.90%	304.14%	177.91%	-140.41%	-8.75%	21.21%	-44.34%	92.34%	-54.21%
EBIT Growth	-351.72%	70.32%	130.64%	23.95%	-93.31%	-43.48%	-10.00%	-237.65%	152.16%	-243.73%
NOPAT Growth	-320.96%	44.97%	140.98%	24.04%	-93.31%	-43.27%	-4,375.95%	-237.85%	152.14%	-257.29%
Net Income Growth	-492.92%	59.03%	123.63%	18.56%	-88.79%	-32.44%	-5,538.60%	101.85%	-8.20%	-281.04%
EPS Growth	-377.27%	25.71%	120.83%	21.31%	-103.33%	-42.86%	-5,000.00%	101.38%	-9.00%	-280.18%
Operating Cash Flow Growth	16.86%	77.66%	492.89%	-65.75%	-59.95%	-4.72%	142.98%	-1.42%	-69.48%	37.15%
Free Cash Flow Firm Growth	124.24%	-1,893.22%	242.61%	-140.83%	-28.28%	113.84%	110.12%	-446.07%	140.29%	156.49%
Invested Capital Growth	-23.95%	148.64%	0.62%	-12.94%	-25.74%	-17.21%	-8.88%	70.93%	-14.76%	-14.28%
Revenue Q/Q Growth	-7.28%	23.75%	13.85%	22.11%	-19.45%	0.00%	0.00%	29.76%	-44.79%	4.91%
EBITDA Q/Q Growth	-37.30%	16.00%	37.93%	12.36%	-44.60%	21.36%	-23.97%	-51.54%	227.93%	-28.97%
EBIT Q/Q Growth	-19.14%	-1.60%	176.85%	-54.02%	-4.87%	21.73%	-143.04%	-202.68%	150.57%	-82.20%
NOPAT Q/Q Growth	-19.16%	-10.47%	204.19%	-53.63%	-4.87%	64.32%	-307.96%	-141.77%	150.55%	-82.22%
Net Income Q/Q Growth	-13.29%	-13.43%	150.33%	-63.94%	-2.63%	21.32%	-527.25%	102.21%	-6.51%	-65.21%
EPS Q/Q Growth	-5.17%	-32.82%	145.16%	-57.01%	-4.15%	19.54%	-394.00%	101.92%	-7.39%	-63.93%
Operating Cash Flow Q/Q Growth	-10.42%	17.48%	84.34%	102.45%	-29.52%	-15.69%	11.01%	63.79%	-31.62%	3.20%
Free Cash Flow Firm Q/Q Growth	-5.22%	1.50%	192.33%	-432.48%	-16.39%	6,176.45%	179.30%	-142.38%	182.10%	477.24%
Invested Capital Q/Q Growth	-4.80%	-2.78%	-3.51%	-3.78%	-3.25%	-3.26%	-6.03%	11.83%	-3.05%	-3.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.11%	32.20%	30.26%	20.38%	28.17%	27.98%	0.00%	27.12%	29.16%	35.45%
EBITDA Margin	5.23%	26.17%	26.13%	12.61%	-19.54%	22.00%	0.00%	20.86%	96.41%	24.27%
Operating Margin	-16.54%	8.49%	7.97%	-49.94%	-79.36%	-18.68%	0.00%	-12.41%	23.17%	-21.52%
EBIT Margin	-16.56%	8.53%	7.85%	-49.96%	-79.30%	-18.67%	0.00%	-12.40%	23.18%	-21.52%
Profit (Net Income) Margin	-17.97%	5.93%	5.84%	-48.23%	-71.49%	-17.23%	0.00%	0.25%	-34.79%	-15.57%
Tax Burden Percent	100.99%	80.09%	92.13%	90.94%	86.32%	80.26%	87.48%	-1.80%	64.22%	66.56%
Interest Burden Percent	107.44%	86.79%	80.80%	106.16%	104.43%	115.00%	114.31%	112.19%	-233.75%	108.73%
Effective Tax Rate	0.00%	19.91%	7.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-12.06%	6.85%	8.27%	-18.84%	-19.77%	-8.07%	0.00%	-5.38%	4.86%	-7.97%
ROIC Less NNEP Spread (ROIC-NNEP)	-45.92%	2.72%	2.70%	-44.36%	-44.16%	-20.38%	0.00%	25.00%	-66.95%	-9.12%
Return on Net Nonoperating Assets (RNNOA)	-11.23%	0.73%	1.18%	-17.27%	-13.37%	-5.36%	0.00%	5.57%	-18.11%	-2.80%
Return on Equity (ROE)	-23.30%	7.58%	9.44%	-36.11%	-33.14%	-13.43%	-8.59%	0.19%	-13.25%	-10.77%
Cash Return on Invested Capital (CROIC)	15.14%	-78.41%	7.65%	-5.01%	9.77%	10.76%	4.38%	-57.73%	20.80%	7.40%
Operating Return on Assets (OROA)	-13.44%	6.70%	6.81%	-21.67%	-23.04%	-9.31%	0.00%	-6.13%	5.11%	-8.20%
Return on Assets (ROA)	-14.58%	4.66%	5.07%	-20.92%	-20.77%	-8.59%	0.00%	0.12%	-7.68%	-5.94%
Return on Common Equity (ROCE)	-23.24%	7.57%	9.44%	-36.11%	-33.14%	-13.43%	-8.59%	0.19%	-13.25%	-10.77%
Return on Equity Simple (ROE_SIMPLE)	-27.88%	5.11%	9.29%	-40.67%	-39.86%	-15.02%	-9.17%	0.15%	-14.17%	-11.50%
Net Operating Profit after Tax (NOPAT)	-623	282	194	-474	-625	-323	-226	-205	149	-285
NOPAT Margin	-11.58%	6.80%	7.34%	-34.96%	-55.56%	-13.08%	0.00%	-8.69%	16.22%	-15.06%
Net Nonoperating Expense Percent (NNEP)	33.86%	4.13%	5.57%	25.52%	24.39%	12.31%	11.29%	-30.37%	71.81%	1.14%
Return On Investment Capital (ROIC_SIMPLE)	-13.25%	4.65%	7.79%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	72.89%	67.80%	69.74%	79.62%	71.83%	72.02%	0.00%	72.88%	70.84%	64.55%
SG&A Expenses to Revenue	4.99%	4.10%	4.40%	6.81%	8.68%	5.40%	0.00%	4.49%	7.56%	4.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.66%	23.71%	22.28%	70.33%	107.54%	46.66%	0.00%	39.53%	5.99%	56.97%
Earnings before Interest and Taxes (EBIT)	-891	354	208	-678	-892	-461	-321	-292	212	-407
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	281	1,085	692	171	-220	544	596	491	883	459
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.93	0.91	2.07	1.07	0.46	0.66	0.62	1.15	1.58	0.77
Price to Tangible Book Value (P/TBV)	1.57	1.83	2.08	1.08	0.47	0.79	0.72	1.39	1.65	0.80
Price to Revenue (P/Rev)	0.60	1.05	1.30	1.27	0.82	0.76	0.00	1.95	3.89	1.04
Price to Earnings (P/E)	0.00	17.71	22.27	0.00	0.00	0.00	0.00	776.84	10.19	0.00
Dividend Yield	3.87%	3.06%	1.26%	1.00%	2.02%	1.66%	1.40%	0.39%	0.67%	2.99%
Earnings Yield	0.00%	5.65%	4.49%	0.00%	0.00%	0.00%	0.00%	0.13%	9.82%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.95	0.92	1.75	1.05	0.60	0.74	0.70	1.13	1.47	0.82
Enterprise Value to Revenue (EV/Rev)	0.78	1.31	1.56	1.81	1.43	1.08	0.00	2.30	4.51	1.43
Enterprise Value to EBITDA (EV/EBITDA)	14.99	4.99	5.98	14.37	0.00	4.91	5.13	11.02	4.67	5.89
Enterprise Value to EBIT (EV/EBIT)	0.00	15.30	19.91	0.00	0.00	0.00	0.00	0.00	19.44	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	19.21	21.28	0.00	0.00	0.00	0.00	0.00	27.78	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.59	5.38	7.31	25.76	5.75	3.83	4.18	18.01	13.53	2.71
Enterprise Value to Free Cash Flow (EV/FCFF)	5.39	0.00	23.01	0.00	5.19	6.20	15.17	0.00	6.49	10.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.26	0.50	0.53	0.45	0.34	0.32	0.22	0.27	0.33
Long-Term Debt to Equity	0.35	0.25	0.50	0.53	0.45	0.34	0.32	0.22	0.27	0.31
Financial Leverage	0.24	0.27	0.44	0.39	0.30	0.26	0.23	0.22	0.27	0.31
Leverage Ratio	1.60	1.63	1.86	1.73	1.60	1.56	1.50	1.53	1.73	1.82
Compound Leverage Factor	1.72	1.41	1.51	1.83	1.67	1.80	1.71	1.72	-4.03	1.97
Debt to Total Capital	26.08%	20.42%	33.28%	34.62%	30.90%	25.43%	24.20%	17.87%	21.02%	24.94%
Short-Term Debt to Total Capital	0.14%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.85%
Long-Term Debt to Total Capital	25.94%	20.22%	33.28%	34.62%	30.90%	25.43%	24.20%	17.87%	21.02%	23.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.21%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.71%	79.44%	66.72%	65.38%	69.10%	74.57%	75.80%	82.13%	78.98%	75.06%
Debt to EBITDA	4.36	1.14	1.20	4.98	-4.10	1.78	1.88	1.76	0.68	1.85
Net Debt to EBITDA	3.50	0.96	1.00	4.29	-3.08	1.46	1.47	1.68	0.64	1.61
Long-Term Debt to EBITDA	4.34	1.13	1.20	4.98	-4.10	1.78	1.88	1.76	0.68	1.72
Debt to NOPAT	-1.97	4.39	4.27	-1.80	-1.44	-2.99	-4.96	-4.23	4.03	-2.99
Net Debt to NOPAT	-1.58	3.71	3.57	-1.55	-1.08	-2.45	-3.88	-4.02	3.79	-2.59
Long-Term Debt to NOPAT	-1.96	4.35	4.27	-1.80	-1.44	-2.99	-4.96	-4.23	4.03	-2.77
Altman Z-Score	1.08	1.80	2.53	0.44	0.16	1.39	1.01	2.35	2.61	1.53
Noncontrolling Interest Sharing Ratio	0.22%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.54	1.41	1.51	1.34	1.75	1.58	1.81	1.37	0.93	1.58
Quick Ratio	1.19	1.11	1.28	1.09	1.41	1.28	1.53	1.14	0.69	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	782	-3,224	180	-126	309	431	201	-2,199	635	264
Operating Cash Flow to CapEx	180.14%	170.72%	137.85%	57.42%	191.68%	200.34%	113.91%	53.03%	311.55%	138.24%
Free Cash Flow to Firm to Interest Expense	10.86	-60.99	4.47	-3.00	7.57	5.72	3.90	-58.69	0.00	7.25
Operating Cash Flow to Interest Expense	16.34	19.03	14.06	2.27	6.84	9.26	14.17	8.03	0.00	27.40
Operating Cash Flow Less CapEx to Interest Expense	7.27	7.88	3.86	-1.69	3.27	4.64	1.73	-7.11	0.00	7.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.79	0.87	0.43	0.29	0.50	0.00	0.49	0.22	0.38
Accounts Receivable Turnover	6.20	5.40	5.75	5.26	4.50	5.50	0.00	6.47	4.98	4.28
Inventory Turnover	22.54	22.84	34.28	28.64	23.26	34.91	0.00	38.44	37.17	51.99
Fixed Asset Turnover	1.69	1.48	1.15	0.53	0.37	0.68	0.00	0.62	0.25	0.47
Accounts Payable Turnover	8.20	7.29	8.64	7.68	6.18	7.75	0.00	7.71	6.23	5.25
Days Sales Outstanding (DSO)	58.87	67.63	63.53	69.43	81.15	66.37	0.00	56.41	73.28	85.21
Days Inventory Outstanding (DIO)	16.19	15.98	10.65	12.74	15.69	10.45	0.00	9.49	9.82	7.02
Days Payable Outstanding (DPO)	44.50	50.08	42.23	47.51	59.10	47.12	0.00	47.31	58.63	69.54
Cash Conversion Cycle (CCC)	30.57	33.53	31.95	34.67	37.75	29.70	0.00	18.59	24.47	22.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,461	5,865	2,359	2,344	2,693	3,626	4,380	4,806	2,812	3,299
Invested Capital Turnover	1.04	1.01	1.13	0.54	0.36	0.62	0.00	0.62	0.30	0.53
Increase / (Decrease) in Invested Capital	-1,404	3,506	15	-348	-933	-754	-427	1,994	-487	-549
Enterprise Value (EV)	4,216	5,415	4,137	2,460	1,603	2,670	3,054	5,415	4,126	2,705
Market Capitalization	3,221	4,363	3,444	1,725	926	1,877	2,180	4,591	3,563	1,967
Book Value per Share	$8.89	$11.53	$7.68	$7.48	$10.75	$14.57	$16.03	$17.90	$15.18	$17.40
Tangible Book Value per Share	$5.25	$5.71	$7.65	$7.45	$10.59	$12.28	$13.85	$14.81	$14.58	$16.77
Total Capital	4,702	6,058	2,496	2,462	2,918	3,800	4,625	4,849	2,847	3,412
Total Debt	1,226	1,237	831	852	901	967	1,119	867	598	851
Total Long-Term Debt	1,220	1,225	831	852	901	967	1,119	867	598	788
Net Debt	985	1,044	693	735	677	792	874	824	563	738
Capital Expenditures (CapEx)	653	589	411	166	145	348	641	567	98	723
Debt-free, Cash-free Net Working Capital (DFCFNWC)	218	255	141	30	-21	57	179	158	-53	129
Debt-free Net Working Capital (DFNWC)	460	447	278	148	204	231	424	201	-18	242
Net Working Capital (NWC)	453	435	278	148	204	231	424	201	-18	179
Net Nonoperating Expense (NNE)	344	36	40	180	179	103	96	-211	467	9.61
Net Nonoperating Obligations (NNO)	985	1,044	693	735	677	792	874	824	563	738
Total Depreciation and Amortization (D&A)	1,172	731	484	849	672	1,005	917	784	671	866
Debt-free, Cash-free Net Working Capital to Revenue	4.06%	6.15%	5.32%	2.23%	-1.84%	2.31%	0.00%	6.69%	-5.80%	6.81%
Debt-free Net Working Capital to Revenue	8.55%	10.79%	10.52%	10.89%	18.17%	9.36%	0.00%	8.51%	-1.96%	12.80%
Net Working Capital to Revenue	8.43%	10.50%	10.52%	10.89%	18.17%	9.36%	0.00%	8.51%	-1.96%	9.46%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.44)	$0.88	$0.00	($3.36)	($4.27)	($2.10)	($1.47)	$0.03	($2.18)	($2.00)
Adjusted Weighted Average Basic Shares Outstanding	397.20M	279.50M	0.00	195.02M	188.01M	203.04M	218.64M	198.45M	146.18M	145.42M
Adjusted Diluted Earnings per Share	($2.44)	$0.88	$0.00	($3.36)	($4.27)	($2.10)	($1.47)	$0.03	($2.18)	($2.00)
Adjusted Weighted Average Diluted Shares Outstanding	397.20M	280.06M	0.00	195.02M	188.01M	203.04M	218.64M	199.88M	146.18M	145.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	386.39M	408.19M	0.00	215.27M	187.74M	192.15M	0.00	222.29M	166.33M	147.18M
Normalized Net Operating Profit after Tax (NOPAT)	20	360	196	-466	-321	-311	-76	-153	149	-198
Normalized NOPAT Margin	0.37%	8.69%	7.42%	-34.34%	-28.57%	-12.57%	0.00%	-6.48%	16.22%	-10.45%
Pre Tax Income Margin	-17.79%	7.41%	6.34%	-53.04%	-82.81%	-21.47%	0.00%	-13.91%	-54.18%	-23.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-12.38	6.69	5.16	-16.15	-21.87	-6.13	-6.23	-7.80	0.00	-11.16
NOPAT to Interest Expense	-8.65	5.33	4.83	-11.30	-15.32	-4.30	-4.37	-5.46	0.00	-7.81
EBIT Less CapEx to Interest Expense	-21.45	-4.45	-5.04	-20.11	-25.44	-10.75	-18.67	-22.93	0.00	-30.98
NOPAT Less CapEx to Interest Expense	-17.72	-5.81	-5.37	-15.26	-18.89	-8.92	-16.81	-20.60	0.00	-27.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-13.12%	40.67%	27.87%	-2.38%	-2.35%	-7.62%	-9.52%	276.06%	-7.40%	-19.96%
Augmented Payout Ratio	-43.17%	122.28%	73.17%	-3.35%	-4.98%	-67.63%	-59.84%	391.27%	-8.53%	-22.68%

This table displays calculated financial ratios and metrics derived from Patterson-UTI Energy's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.22%	-26.65%	34.19%	77.65%	90.75%	100.93%	39.03%	21.96%	55.45%	69.02%	103.28%
EBITDA Growth	-30.88%	-42.98%	-398.31%	33.96%	41.93%	62.52%	5.08%	50.34%	155.53%	386.01%	283.64%
EBIT Growth	-78.47%	-129.59%	-11,010.69%	-57.48%	-31.07%	-4.96%	-87.82%	211.59%	836.74%	132.10%	182.86%
NOPAT Growth	-87.00%	-129.57%	-10,308.46%	-80.13%	-40.11%	-31.23%	-90.78%	164.58%	892.56%	142.71%	216.98%
Net Income Growth	-97.51%	-182.97%	-351,818.71%	-86.27%	-48.13%	-38.12%	-100.45%	286.61%	446.38%	127.66%	174.04%
EPS Growth	-100.00%	-600.00%	0.00%	-92.50%	-71.74%	-95.56%	-100.00%	300.00%	453.85%	125.00%	163.64%
Operating Cash Flow Growth	-43.11%	-30.22%	89.84%	21.29%	56.13%	49.41%	-12.43%	217.19%	595.93%	590.10%	2,308.19%
Free Cash Flow Firm Growth	140.70%	140.28%	118.26%	-2,644.72%	-2,410.45%	-3,780.67%	-5,562.00%	42.16%	-28.09%	-2.64%	-76.89%
Invested Capital Growth	-23.76%	-23.95%	-22.33%	140.99%	148.73%	148.64%	146.78%	-1.72%	-1.81%	0.62%	0.33%
Revenue Q/Q Growth	10.19%	-14.37%	0.67%	-10.74%	-4.67%	56.64%	33.28%	-4.16%	0.42%	8.38%	16.92%
EBITDA Q/Q Growth	13.00%	135.99%	-296.96%	-13.70%	-6.78%	88.27%	-11.55%	-8.57%	6.74%	21.74%	26.54%
EBIT Q/Q Growth	157.89%	96.70%	-2,281.08%	-48.26%	-20.44%	1,115.19%	-91.50%	-16.12%	9.70%	55.79%	117.34%
NOPAT Q/Q Growth	137.19%	96.84%	-3,979.66%	-71.51%	-15.43%	992.04%	-92.45%	-14.13%	-2.89%	46.35%	116.80%
Net Income Q/Q Growth	102.51%	94.75%	-8,518.67%	-77.52%	-16.52%	22,379.86%	-100.33%	-15.11%	-0.42%	62.89%	180.78%
EPS Q/Q Growth	100.00%	96.00%	-8,433.33%	-76.92%	550.00%	0.00%	-100.00%	-13.04%	2.22%	60.71%	180.00%
Operating Cash Flow Q/Q Growth	-34.10%	6.60%	50.00%	-46.02%	-19.16%	190.01%	-4.16%	-30.51%	-22.64%	69.97%	247.14%
Free Cash Flow Firm Q/Q Growth	0.52%	111.42%	119.49%	1.74%	0.52%	4.17%	-2,816.41%	-10.78%	58.48%	42.21%	-29.30%
Invested Capital Q/Q Growth	-0.61%	-4.80%	-18.73%	-0.86%	-0.85%	-2.78%	152.18%	2.32%	-0.89%	-3.51%	0.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.92%	26.52%	25.39%	27.99%	28.34%	29.36%	31.64%	35.68%	35.25%	34.58%	31.19%
EBITDA Margin	19.58%	19.10%	-45.44%	23.22%	24.02%	24.57%	20.44%	30.80%	32.28%	30.37%	27.04%
Operating Margin	1.32%	-2.70%	-72.99%	3.35%	5.76%	7.05%	0.96%	13.78%	15.91%	14.81%	10.49%
EBIT Margin	1.48%	-2.81%	-73.04%	3.37%	5.82%	6.97%	0.90%	14.09%	16.10%	14.73%	10.25%
Profit (Net Income) Margin	0.10%	-4.42%	-72.08%	0.86%	3.42%	3.91%	-0.03%	11.15%	12.59%	12.70%	8.45%
Tax Burden Percent	48.13%	103.90%	97.00%	39.52%	72.11%	66.41%	6.31%	86.01%	83.16%	92.35%	96.54%
Interest Burden Percent	14.17%	151.42%	101.74%	64.70%	81.62%	84.47%	-48.51%	92.02%	94.05%	93.30%	85.36%
Effective Tax Rate	51.87%	0.00%	0.00%	60.48%	27.89%	33.59%	0.00%	13.99%	16.84%	7.65%	3.46%
Return on Invested Capital (ROIC)	0.64%	-1.97%	-55.30%	1.77%	4.96%	4.72%	0.53%	15.06%	16.43%	15.40%	9.65%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.03%	-4.87%	-80.21%	1.09%	3.68%	3.31%	-0.18%	14.36%	15.74%	14.31%	8.04%
Return on Net Nonoperating Assets (RNNOA)	-0.01%	-1.19%	-21.75%	0.31%	0.99%	0.89%	-0.06%	6.67%	7.12%	6.24%	3.64%
Return on Equity (ROE)	0.63%	-3.16%	-77.05%	2.09%	5.95%	5.61%	0.48%	21.73%	23.54%	21.64%	13.30%
Cash Return on Invested Capital (CROIC)	13.85%	15.14%	15.39%	-78.60%	-79.43%	-78.41%	-77.23%	17.29%	15.36%	7.65%	-7.98%
Operating Return on Assets (OROA)	1.17%	-2.28%	-63.31%	3.63%	5.48%	5.47%	0.58%	14.22%	15.77%	12.79%	7.87%
Return on Assets (ROA)	0.08%	-3.59%	-62.48%	0.93%	3.23%	3.07%	-0.02%	11.25%	12.33%	11.02%	6.48%
Return on Common Equity (ROCE)	0.63%	-3.15%	-76.88%	2.08%	5.94%	5.60%	0.47%	21.73%	23.54%	21.64%	13.30%
Return on Equity Simple (ROE_SIMPLE)	-29.67%	0.00%	-23.95%	2.72%	4.17%	0.00%	5.86%	20.11%	16.92%	0.00%	-18.80%
Net Operating Profit after Tax (NOPAT)	8.16	-22	-693	18	63	74	6.79	90	105	108	74
NOPAT Margin	0.64%	-1.89%	-51.09%	1.33%	4.15%	4.68%	0.67%	11.85%	13.23%	13.68%	10.13%
Net Nonoperating Expense Percent (NNEP)	0.67%	2.90%	24.92%	0.68%	1.28%	1.41%	0.71%	0.70%	0.69%	1.09%	1.61%
Return On Investment Capital (ROIC_SIMPLE)	0.18%	-0.47%	-	-	-	1.22%	-	-	-	4.32%	-
Cost of Revenue to Revenue	75.08%	73.48%	74.61%	72.01%	71.66%	70.64%	68.36%	64.32%	64.75%	65.42%	68.81%
SG&A Expenses to Revenue	5.23%	6.29%	4.84%	4.79%	4.30%	3.85%	4.46%	4.38%	3.86%	4.39%	3.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.60%	29.21%	98.38%	24.63%	22.58%	22.31%	30.68%	21.90%	19.35%	19.77%	20.69%
Earnings before Interest and Taxes (EBIT)	19	-33	-991	45	88	110	9.09	107	127	116	75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	251	222	-617	313	363	389	207	234	256	239	197
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.93	0.93	0.84	0.90	1.04	0.91	0.58	1.41	1.44	2.07	1.48
Price to Tangible Book Value (P/TBV)	1.56	1.57	1.42	1.87	2.11	1.83	1.16	1.42	1.45	2.08	1.49
Price to Revenue (P/Rev)	0.62	0.60	0.52	0.76	1.02	1.05	0.83	0.79	0.82	1.30	1.04
Price to Earnings (P/E)	0.00	0.00	0.00	33.48	25.00	17.71	9.82	7.02	8.53	22.27	0.00
Dividend Yield	3.89%	3.87%	4.18%	3.09%	2.70%	3.06%	2.38%	2.40%	2.12%	1.26%	1.25%
Earnings Yield	0.00%	0.00%	0.00%	2.99%	4.00%	5.65%	10.18%	14.25%	11.72%	4.49%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.95	0.88	0.92	1.03	0.92	0.66	1.30	1.32	1.75	1.32
Enterprise Value to Revenue (EV/Rev)	0.81	0.78	0.71	0.98	1.24	1.31	1.19	1.01	1.05	1.56	1.39
Enterprise Value to EBITDA (EV/EBITDA)	24.73	14.99	9.21	4.19	5.05	4.99	4.25	3.35	3.63	5.98	6.44
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	21.08	19.15	15.30	11.06	7.29	8.74	19.91	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	31.93	25.15	19.21	12.63	8.26	9.65	21.28	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.11	3.59	3.15	4.55	5.29	5.38	4.64	3.53	4.02	7.31	10.52
Enterprise Value to Free Cash Flow (EV/FCFF)	5.89	5.39	5.01	0.00	0.00	0.00	0.00	7.43	8.50	23.01	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.35	0.34	0.27	0.26	0.26	0.26	0.48	0.49	0.50	0.52
Long-Term Debt to Equity	0.36	0.35	0.34	0.26	0.26	0.25	0.25	0.48	0.49	0.50	0.52
Financial Leverage	0.25	0.24	0.27	0.29	0.27	0.27	0.31	0.46	0.45	0.44	0.45
Leverage Ratio	1.59	1.60	1.59	1.60	1.61	1.63	1.61	1.84	1.84	1.86	1.80
Compound Leverage Factor	0.22	2.42	1.62	1.04	1.31	1.38	-0.78	1.70	1.73	1.74	1.54
Debt to Total Capital	26.26%	26.08%	25.60%	21.09%	20.61%	20.42%	20.33%	32.35%	32.95%	33.28%	34.29%
Short-Term Debt to Total Capital	0.07%	0.14%	0.20%	0.22%	0.21%	0.20%	0.20%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	26.19%	25.94%	25.40%	20.88%	20.40%	20.22%	20.14%	32.35%	32.95%	33.28%	34.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.18%	0.21%	0.20%	0.16%	0.15%	0.14%	0.14%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	73.56%	73.71%	74.20%	78.75%	79.24%	79.44%	79.53%	67.65%	67.05%	66.72%	65.71%
Debt to EBITDA	7.23	4.36	2.74	0.97	1.03	1.14	1.33	0.89	0.97	1.20	1.70
Net Debt to EBITDA	5.90	3.50	2.48	0.91	0.89	0.96	1.25	0.73	0.78	1.00	1.62
Long-Term Debt to EBITDA	7.21	4.34	2.72	0.96	1.02	1.13	1.31	0.89	0.97	1.20	1.70
Debt to NOPAT	-1.82	-1.97	-2.35	7.38	5.15	4.39	3.94	2.19	2.58	4.27	-4.57
Net Debt to NOPAT	-1.49	-1.58	-2.13	6.93	4.44	3.71	3.73	1.79	2.08	3.57	-4.34
Long-Term Debt to NOPAT	-1.82	-1.96	-2.33	7.31	5.10	4.35	3.90	2.19	2.58	4.27	-4.57
Altman Z-Score	1.57	1.57	1.04	1.92	2.00	1.70	1.18	2.30	2.22	2.43	1.90
Noncontrolling Interest Sharing Ratio	0.21%	0.22%	0.22%	0.15%	0.14%	0.13%	0.13%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.54	1.52	1.50	1.48	1.41	1.37	1.76	1.60	1.51	1.55
Quick Ratio	1.25	1.19	1.14	1.11	1.14	1.11	1.04	1.41	1.34	1.28	1.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,390	1,383	654	-3,355	-3,414	-3,432	-3,581	132	148	93	66
Operating Cash Flow to CapEx	132.16%	244.45%	169.09%	159.84%	162.94%	228.18%	105.00%	129.39%	201.44%	266.97%	146.82%
Free Cash Flow to Firm to Interest Expense	78.53	78.00	36.35	-187.30	-186.22	-183.72	-229.21	13.54	16.74	11.57	5.97
Operating Cash Flow to Interest Expense	11.76	17.82	16.47	11.03	19.96	24.23	9.99	16.72	26.55	37.60	16.24
Operating Cash Flow Less CapEx to Interest Expense	2.86	10.53	6.73	4.13	7.71	13.61	0.48	3.80	13.37	23.51	5.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.81	0.87	1.08	0.94	0.79	0.64	1.01	0.98	0.87	0.77
Accounts Receivable Turnover	6.15	6.20	6.19	8.03	7.12	5.40	4.31	6.36	6.73	5.75	5.74
Inventory Turnover	21.68	22.54	23.30	32.15	27.22	22.84	18.27	33.19	35.74	34.28	37.90
Fixed Asset Turnover	1.65	1.69	1.79	1.98	1.75	1.48	1.18	1.35	1.29	1.15	0.99
Accounts Payable Turnover	7.19	8.20	7.80	10.71	8.29	7.29	5.24	8.10	8.26	8.64	7.95
Days Sales Outstanding (DSO)	59.31	58.87	58.96	45.44	51.24	67.63	84.78	57.38	54.23	63.53	63.53
Days Inventory Outstanding (DIO)	16.84	16.19	15.66	11.35	13.41	15.98	19.98	11.00	10.21	10.65	9.63
Days Payable Outstanding (DPO)	50.80	44.50	46.79	34.10	44.05	50.08	69.72	45.08	44.17	42.23	45.89
Cash Conversion Cycle (CCC)	25.35	30.57	27.84	22.70	20.59	33.53	35.04	23.30	20.27	31.95	27.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,434	4,461	4,685	5,765	5,815	5,865	6,033	2,392	2,338	2,359	2,445
Invested Capital Turnover	1.00	1.04	1.08	1.34	1.19	1.01	0.79	1.27	1.24	1.13	0.95
Increase / (Decrease) in Invested Capital	-1,382	-1,404	-1,347	3,373	3,477	3,506	3,588	-42	-43	15	8.13
Enterprise Value (EV)	4,183	4,216	4,130	5,328	6,018	5,415	3,976	3,100	3,081	4,137	3,232
Market Capitalization	3,176	3,221	3,007	4,162	4,946	4,363	2,794	2,428	2,416	3,444	2,422
Book Value per Share	$8.87	$8.89	$9.06	$11.45	$11.62	$11.53	$23.32	$8.26	$7.83	$7.68	$7.54
Tangible Book Value per Share	$5.28	$5.25	$5.37	$5.55	$5.73	$5.71	$11.55	$8.24	$7.80	$7.65	$7.51
Total Capital	4,659	4,702	4,801	5,840	5,985	6,058	6,100	2,543	2,495	2,496	2,487
Total Debt	1,223	1,226	1,229	1,232	1,233	1,237	1,240	822	822	831	853
Total Long-Term Debt	1,220	1,220	1,219	1,219	1,221	1,225	1,228	822	822	831	853
Net Debt	998	985	1,113	1,157	1,063	1,044	1,173	672	665	693	810
Capital Expenditures (CapEx)	157	129	175	124	225	198	149	126	116	113	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	277	218	338	366	280	255	332	197	136	141	210
Debt-free Net Working Capital (DFNWC)	502	460	453	441	450	447	399	347	293	278	253
Net Working Capital (NWC)	499	453	444	428	438	435	387	347	293	278	253
Net Nonoperating Expense (NNE)	6.87	29	285	6.25	11	12	7.07	5.34	5.07	7.77	12
Net Nonoperating Obligations (NNO)	998	985	1,113	1,157	1,063	1,044	1,173	672	665	693	810
Total Depreciation and Amortization (D&A)	232	255	375	268	275	279	198	127	128	123	122
Debt-free, Cash-free Net Working Capital to Revenue	5.38%	4.06%	5.83%	6.71%	5.75%	6.15%	9.91%	6.41%	4.65%	5.32%	9.04%
Debt-free Net Working Capital to Revenue	9.76%	8.55%	7.82%	8.08%	9.25%	10.79%	11.91%	11.32%	10.02%	10.52%	10.88%
Net Working Capital to Revenue	9.70%	8.43%	7.65%	7.85%	9.00%	10.50%	11.55%	11.32%	10.02%	10.52%	10.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.10)	($2.50)	$0.03	$0.13	$0.00	$0.00	$0.41	$0.47	$0.47	$0.28
Adjusted Weighted Average Basic Shares Outstanding	386.52M	397.20M	391.73M	399.56M	408.18M	279.50M	280.22M	207.84M	212.09M	215.94M	216.82M
Adjusted Diluted Earnings per Share	$0.00	($0.10)	($2.50)	$0.03	$0.13	$0.02	$0.00	$0.40	$0.46	$0.45	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	387.04M	397.20M	391.73M	399.56M	409.82M	280.06M	281.98M	208.98M	215.87M	219.50M	220.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	385.99M	386.39M	389.96M	393.05M	401.70M	408.19M	417.28M	207.99M	208.25M	213.66M	216.82M
Normalized Net Operating Profit after Tax (NOPAT)	12	-20	-69	39	72	87	56	97	105	108	74
Normalized NOPAT Margin	0.95%	-1.68%	-5.09%	2.90%	4.74%	5.52%	5.53%	12.75%	13.23%	13.68%	10.13%
Pre Tax Income Margin	0.21%	-4.26%	-74.31%	2.18%	4.75%	5.89%	-0.44%	12.96%	15.14%	13.75%	8.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.07	-1.84	-55.11	2.54	4.79	5.91	0.58	10.98	14.44	14.42	6.79
NOPAT to Interest Expense	0.46	-1.24	-38.55	1.00	3.42	3.97	0.43	9.24	11.87	13.39	6.72
EBIT Less CapEx to Interest Expense	-7.83	-9.13	-64.85	-4.36	-7.46	-4.71	-8.93	-1.95	1.26	0.34	-4.27
NOPAT Less CapEx to Interest Expense	-8.44	-8.53	-48.29	-5.90	-8.83	-6.65	-9.08	-3.69	-1.31	-0.70	-4.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-12.30%	-13.12%	-15.11%	104.73%	58.43%	40.67%	29.53%	17.16%	18.16%	27.87%	-9.84%
Augmented Payout Ratio	-33.25%	-43.17%	-55.71%	368.75%	172.03%	122.28%	93.39%	62.87%	68.89%	73.17%	-14.93%

Frequently Asked Questions About Patterson-UTI Energy's Financials

When does Patterson-UTI Energy's fiscal year end?

According to the most recent income statement we have on file, Patterson-UTI Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Patterson-UTI Energy's net income changed over the last 8 years?

Patterson-UTI Energy's net income appears to be on an upward trend, with a most recent value of -$966.40 million in 2024, rising from -$294.49 million in 2015. The previous period was $245.95 million in 2023. View Patterson-UTI Energy's forecast to see where analysts expect Patterson-UTI Energy to go next.

What is Patterson-UTI Energy's operating income?

Patterson-UTI Energy's total operating income in 2024 was -$889.74 million, based on the following breakdown:

Total Gross Profit: $1.46 billion
Total Operating Expenses: $2.35 billion

How has Patterson-UTI Energy revenue changed over the last 8 years?

Over the last 8 years, Patterson-UTI Energy's total revenue changed from $1.89 billion in 2015 to $5.38 billion in 2024, a change of 184.4%.

How much debt does Patterson-UTI Energy have?

Patterson-UTI Energy's total liabilities were at $2.36 billion at the end of 2024, a 9.3% decrease from 2023, and a 19.8% increase since 2015.

How much cash does Patterson-UTI Energy have?

In the past 9 years, Patterson-UTI Energy's cash and equivalents has ranged from $35.15 million in 2016 to $245.03 million in 2018, and is currently $241.29 million as of their latest financial filing in 2024.

How has Patterson-UTI Energy's book value per share changed over the last 9 years?

Over the last 9 years, Patterson-UTI Energy's book value per share changed from 17.40 in 2015 to 8.89 in 2024, a change of -48.9%.

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This page (NASDAQ:PTEN) was last updated on 5/30/2025 by MarketBeat.com Staff

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Patterson-UTI Energy (PTEN) Financials

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Patterson-UTI Energy (PTEN) Financials

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