Patterson-UTI Energy (PTEN) Financials

$11.86 +0.44 (+3.85%)

Closing price 04:00 PM Eastern

Extended Trading

$11.66 -0.20 (-1.64%)

As of 06:06 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	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	163	-294	350	5.91	-426	-804	-655	155	246	-968	-94
Consolidated Net Income / (Loss)	163	-294	-319	5.91	-426	-804	-655	155	246	-966	-93
Net Income / (Loss) Continuing Operations	163	-294	350	5.91	-426	-804	-657	155	246	-966	-93
Total Pre-Tax Income	254	-442	-496	-328	-530	-931	-720	168	307	-957	-103
Total Operating Income	283	-407	212	-293	-462	-892	-678	211	352	-890	-41
Total Gross Profit	1,079	670	267	639	691	317	277	801	1,335	1,458	1,170
Total Revenue	3,182	1,891	916	2,357	2,471	1,124	1,357	2,648	4,146	5,378	4,827
Operating Revenue	3,132	1,866	916	2,357	2,471	1,124	1,357	2,648	4,146	5,378	4,827
Total Cost of Revenue	2,103	1,221	649	1,718	1,779	808	1,080	1,847	2,811	3,920	3,657
Operating Cost of Revenue	2,103	1,221	649	1,718	1,774	802	1,082	1,847	2,811	3,920	3,657
Total Operating Expenses	796	1,077	55	932	1,153	1,209	954	590	983	2,348	1,211
Selling, General & Admin Expense	93	86	69	106	134	98	92	117	170	268	255
Depreciation Expense	719	865	-	783	1,004	671	849	484	731	1,172	940
Other Operating Expenses / (Income)	-16	1.65	-14	-32	-2.31	7.06	0.76	-13	-16	-11	15
Impairment Charge	-	125	-	-	18	395	-	0.00	0.00	885	0.00
Restructuring Charge	-	-	-	74	0.00	38	12	2.07	98	33	1.02
Total Other Income / (Expense), net	-29	-35	-40	-35	-69	-39	-42	-43	-45	-67	-62
Interest Expense	30	36	-40	37	75	41	42	40	53	72	71
Interest & Investment Income	0.98	0.96	0.33	1.87	6.01	1.25	0.22	0.36	6.12	5.73	6.65
Other Income / (Expense), net	0.00	0.03	0.07	0.34	0.39	0.76	-0.28	-3.27	1.90	-0.98	1.70
Income Tax Expense	92	-148	-178	-334	-105	-127	-63	13	61	9.45	-9.94
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	0.00	0.00	-0.34	1.63	0.58
Basic Earnings per Share	$1.12	($2.00)	($2.18)	$0.03	($2.10)	($4.27)	($3.36)	$0.72	$0.88	($2.44)	($0.24)
Weighted Average Basic Shares Outstanding	144.07M	145.42M	146.18M	198.45M	203.04M	188.01M	195.02M	215.94M	279.50M	397.20M	383.47M
Diluted Earnings per Share	$1.11	($2.00)	($2.18)	$0.03	($2.10)	($4.27)	($3.36)	$0.70	$0.88	($2.44)	($0.24)
Weighted Average Diluted Shares Outstanding	145.38M	145.42M	146.18M	199.88M	203.04M	188.01M	195.02M	219.50M	280.06M	397.20M	383.47M
Weighted Average Basic & Diluted Shares Outstanding	145.20M	147.20M	146.20M	197M	192.15M	187.74M	215.27M	213.66M	408.19M	386.39M	379.58M
Cash Dividends to Common per Share	$0.40	$0.40	$0.16	$0.08	$0.16	$0.10	$0.08	$0.20	$0.32	$0.32	$0.32

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	0.05	62	51	11	-979	-52	1.01	-49	-36	-9.09	-25
Consolidated Net Income / (Loss)	-0.28	62	52	12	-978	-51	1.29	-49	-36	-9.20	-24
Net Income / (Loss) Continuing Operations	-0.28	62	52	12	-978	-51	1.29	-49	-36	-9.20	-24
Total Pre-Tax Income	-4.41	93	72	29	-1,009	-49	2.68	-48	-43	-15	-28
Total Operating Income	9.70	112	87	45	-991	-31	17	-29	-28	-0.24	-14
Total Gross Profit	320	465	433	377	345	308	319	290	282	279	268
Total Revenue	1,011	1,584	1,510	1,348	1,357	1,162	1,281	1,219	1,176	1,151	1,117
Operating Revenue	1,011	1,584	1,510	1,348	1,357	1,162	1,281	1,219	1,176	1,151	1,117
Total Cost of Revenue	691	1,119	1,077	971	1,012	854	961	929	894	872	849
Operating Cost of Revenue	691	1,119	1,077	971	1,012	860	961	929	894	872	849
Total Operating Expenses	310	353	346	332	1,336	339	302	319	310	279	282
Selling, General & Admin Expense	45	61	65	65	66	73	67	64	62	62	69
Depreciation Expense	198	279	275	268	375	255	232	262	226	221	218
Other Operating Expenses / (Income)	-2.64	-6.28	-5.95	-11	3.63	8.35	3.38	-7.01	23	-3.85	-4.66
Total Other Income / (Expense), net	-14	-18	-15	-16	-18	-18	-14	-18	-15	-15	-14
Interest Expense	16	19	18	18	18	18	18	18	17	18	17
Interest & Investment Income	2.13	1.54	2.19	1.87	0.75	0.93	1.46	1.27	1.48	2.43	2.77
Other Income / (Expense), net	-0.62	-1.29	0.85	0.22	-0.72	-1.33	1.97	-1.64	1.02	0.35	0.97
Income Tax Expense	-4.13	31	20	18	-30	1.93	1.39	1.19	-6.59	-5.93	-3.60
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.33	-0.01	0.47	0.54	0.43	0.19	0.29	0.45	-0.05	-0.10	0.15
Basic Earnings per Share	$0.00	-	$0.13	$0.03	($2.50)	($0.10)	$0.00	($0.13)	($0.10)	($0.01)	($0.06)
Weighted Average Basic Shares Outstanding	280.22M	279.50M	408.18M	399.56M	391.73M	397.20M	386.52M	385.37M	382.82M	383.47M	379.59M
Diluted Earnings per Share	$0.00	$0.02	$0.13	$0.03	($2.50)	($0.10)	$0.00	($0.13)	($0.10)	($0.01)	($0.06)
Weighted Average Diluted Shares Outstanding	281.98M	280.06M	409.82M	399.56M	391.73M	397.20M	387.04M	385.37M	382.82M	383.47M	379.59M
Weighted Average Basic & Diluted Shares Outstanding	417.28M	408.19M	401.70M	393.05M	389.96M	386.39M	385.99M	385.17M	379.24M	379.58M	379.62M
Cash Dividends to Common per Share	$0.08	-	$0.08	$0.08	$0.08	-	$0.08	$0.08	$0.08	-	$0.10

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	70	-78	7.68	202	-71	51	-107	20	55	49	179
Net Cash From Operating Activities	999	305	301	731	696	279	95	566	1,006	1,176	961
Net Cash From Continuing Operating Activities	999	305	301	731	696	279	96	566	1,006	1,176	961
Net Income / (Loss) Continuing Operations	-294	-319	5.91	-321	-426	-804	-655	155	246	-966	-93
Consolidated Net Income / (Loss)	-294	-319	5.91	-321	-426	-804	-655	155	246	-966	-93
Depreciation Expense	865	668	783	916	1,004	671	849	484	731	1,172	940
Non-Cash Adjustments To Reconcile Net Income	142	8.74	13	221	86	452	20	7.52	44	936	39
Changes in Operating Assets and Liabilities, net	286	-56	-502	-86	31	-41	-118	-80	-15	34	75
Net Cash From Investing Activities	-723	-98	-1,011	-585	-302	-125	-132	-413	-1,018	-655	-567
Net Cash From Continuing Investing Activities	-723	-98	-1,011	-585	-302	-125	-173	-413	-1,018	-655	-567
Purchase of Property, Plant & Equipment	-744	-120	-567	-641	-348	-145	-166	-437	-616	-678	-589
Acquisitions	-	-	-502	-14	-0.01	0.00	-29	0.00	-422	2.98	-11
Purchase of Investments	-	-	-2.52	0.00	0.00	-0.42	-0.52	-2.50	-5.87	-5.17	-12
Sale of Property, Plant & Equipment	21	22	-	-	-	-	-	26	26	26	44
Net Cash From Financing Activities	-199	-285	717	57	-465	-103	-72	-133	66	-475	-211
Net Cash From Continuing Financing Activities	-199	-285	717	57	-465	-103	-72	-133	66	-475	-211
Repayment of Debt	-386	-459	-331	-351	-674	-63	-50	-170	-434	-62	-11
Repurchase of Common Equity	-8.01	-3.61	-6.81	-162	-255	-21	-6.33	-70	-201	-290	-70
Payment of Dividends	-59	-24	-16	-31	-32	-19	-16	-43	-100	-127	-122
Issuance of Debt	254	201	599	600	497	0.00	0.00	150	816	50	0.00
Other Financing Activities, net	-	0.27	0.12	0.49	0.00	-	0.00	0.00	-16	-45	-7.82
Effect of Exchange Rate Changes	-6.88	-0.20	1.01	-0.78	-0.06	-0.00	0.64	0.45	1.24	2.81	-3.99
Cash Interest Paid	33	37	35	41	77	43	40	40	40	69	67
Cash Income Taxes Paid	97	53	3.95	3.17	-1.45	3.71	4.20	-1.53	27	15	8.12

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-83	126	-22	-95	40	126	-16	-39	1.02	234	-83
Net Cash From Operating Activities	156	453	366	198	296	316	208	140	216	398	64
Net Cash From Continuing Operating Activities	156	453	366	198	296	316	208	140	216	398	64
Net Income / (Loss) Continuing Operations	-0.28	62	52	12	-978	-51	1.29	-49	-36	-9.20	-24
Consolidated Net Income / (Loss)	-0.28	62	52	12	-978	-51	1.29	-49	-36	-9.20	-24
Depreciation Expense	198	279	275	268	375	255	232	262	226	221	218
Non-Cash Adjustments To Reconcile Net Income	28	11	15	7.04	900	13	11	7.51	4.29	16	4.67
Changes in Operating Assets and Liabilities, net	-69	101	24	-89	-0.22	99	-36	-81	22	170	-135
Net Cash From Investing Activities	-571	-204	-227	-122	-175	-130	-165	-125	-148	-130	-106
Net Cash From Continuing Investing Activities	-571	-204	-227	-122	-175	-130	-165	-125	-148	-130	-106
Purchase of Property, Plant & Equipment	-160	-205	-227	-131	-181	-140	-162	-144	-144	-139	-117
Purchase of Investments	-0.28	-5.59	-2.93	1.56	-3.07	-0.73	-7.05	-4.50	2.53	-2.76	-1.62
Sale of Property, Plant & Equipment	12	6.91	2.39	6.93	5.36	11	4.38	24	4.81	11	12
Net Cash From Financing Activities	331	-123	-162	-171	-79	-64	-59	-54	-66	-32	-40
Net Cash From Continuing Financing Activities	331	-123	-162	-171	-79	-64	-59	-54	-66	-32	-40
Repayment of Debt	-423	-3.42	-31	-2.04	-53	-3.13	-5.07	-7.55	-1.78	6.22	0.00
Repurchase of Common Equity	-23	-76	-98	-132	-40	-20	-20	-16	-34	-0.21	-0.35
Payment of Dividends	-33	-33	-33	-32	-31	-31	-31	-31	-30	-30	-38
Other Financing Activities, net	-6.32	-9.59	-	-4.68	-4.73	-8.85	-2.63	-	-	-	-1.96
Effect of Exchange Rate Changes	-	-0.30	0.75	0.24	-1.74	3.57	-0.85	-0.51	-1.29	-1.33	-0.96
Cash Interest Paid	12	10	10	24	10	24	24	9.40	9.81	24	9.98
Cash Income Taxes Paid	-9.79	0.29	-0.38	-12	-1.59	-0.44	1.44	-4.54	-2.34	14	15

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	4,529	3,772	5,759	5,470	4,440	3,299	2,958	3,144	7,420	5,833	5,570
Total Current Assets	487	247	747	950	632	478	584	829	1,486	1,295	1,418
Cash & Equivalents	113	35	43	245	174	225	118	138	193	241	421
Accounts Receivable	220	148	580	559	340	160	356	566	971	764	723
Inventories, net	15	20	69	66	36	33	42	65	181	167	160
Other Current Assets	40	41	53	77	75	55	68	61	141	123	114
Plant, Property, & Equipment, net	3,921	3,409	4,255	4,003	3,307	2,761	2,332	2,261	3,340	3,010	2,711
Total Noncurrent Assets	122	116	757	517	501	60	42	54	2,594	1,528	1,441
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	0.00	63	27	15
Goodwill	93	89	687	478	444	-	-	0.00	1,380	487	487
Intangible Assets	-	-	-	-	-	30	7.54	5.85	1,052	930	815
Other Noncurrent Operating Assets	30	23	66	39	57	30	31	45	95	84	124
Total Liabilities & Shareholders' Equity	4,529	3,772	5,759	5,470	4,440	3,299	2,958	3,144	7,420	5,833	5,570
Total Liabilities	1,968	1,524	1,776	1,964	1,606	1,283	1,348	1,478	2,599	2,358	2,346
Total Current Liabilities	308	265	546	526	401	274	436	551	1,050	842	864
Accounts Payable	83	126	320	289	170	91	190	237	534	421	471
Accrued Expenses	162	139	227	236	220	176	239	309	446	386	366
Other Current Liabilities	-	-	-	-	9.94	7.10	6.89	5.12	58	29	26
Total Noncurrent Liabilities	1,661	1,259	1,230	1,438	1,205	1,009	913	927	1,549	1,516	1,482
Long-Term Debt	788	598	867	1,119	967	901	852	831	1,225	1,220	1,221
Noncurrent Deferred & Payable Income Tax Liabilities	864	651	351	306	203	78	29	29	248	238	216
Other Noncurrent Operating Liabilities	8.97	9.65	12	13	36	30	31	68	76	58	45
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,561	2,249	3,982	3,505	2,834	2,016	1,609	1,666	4,821	3,476	3,225
Total Preferred & Common Equity	2,561	2,249	3,982	3,505	2,834	2,016	1,609	1,666	4,812	3,466	3,219
Total Common Equity	2,561	2,249	3,982	3,505	2,834	2,016	1,609	1,666	4,812	3,466	3,219
Common Stock	1,014	1,045	2,788	2,830	2,878	2,905	3,175	3,206	6,412	6,459	6,498
Retained Earnings	2,459	2,116	2,106	1,754	1,295	472	-198	-87	57	-1,039	-1,258
Treasury Stock	-907	-911	-919	-1,080	-1,345	-1,366	-1,373	-1,453	-1,658	-1,951	-2,021
Accumulated Other Comprehensive Income / (Loss)	-4.09	-1.13	6.82	2.49	5.48	5.41	5.92	0.00	0.47	-2.58	-1.16
Noncontrolling Interest	-	-	-	-	-	-	-	0.00	8.39	10	6.18

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,042	3,092	3,117	7,421	7,226	7,022	5,964	5,765	5,576	5,533	5,361
Total Current Assets	713	780	801	1,424	1,355	1,279	1,302	1,317	1,241	1,278	1,322
Cash & Equivalents	43	157	150	67	170	75	115	225	186	187	337
Accounts Receivable	546	493	491	1,010	873	867	864	800	771	800	742
Inventories, net	55	65	68	187	183	172	173	168	164	156	151
Other Current Assets	68	64	92	161	129	165	150	124	121	134	92
Plant, Property, & Equipment, net	2,279	2,253	2,264	3,388	3,319	3,236	3,095	2,937	2,835	2,785	2,628
Total Noncurrent Assets	50	59	52	2,608	2,552	2,507	1,566	1,511	1,499	1,470	1,410
Noncurrent Note & Lease Receivables	-	-	-	57	33	30	34	24	23	22	7.82
Goodwill	-	-	-	1,373	1,380	1,377	487	487	487	487	487
Intangible Assets	6.11	5.49	5.14	1,075	1,023	992	963	901	872	843	784
Other Noncurrent Operating Assets	41	50	43	96	112	107	83	98	117	118	131
Total Liabilities & Shareholders' Equity	3,042	3,092	3,117	7,421	7,226	7,022	5,964	5,765	5,576	5,533	5,361
Total Liabilities	1,408	1,419	1,397	2,561	2,474	2,414	2,392	2,330	2,227	2,278	2,195
Total Current Liabilities	460	487	454	1,037	917	851	858	818	716	778	720
Accounts Payable	264	271	246	580	545	476	493	514	427	461	442
Accrued Expenses	188	204	204	390	324	329	327	274	262	284	256
Other Current Liabilities	5.42	5.05	4.75	55	36	33	29	27	28	33	22
Total Noncurrent Liabilities	948	933	943	1,524	1,557	1,563	1,533	1,512	1,510	1,500	1,475
Long-Term Debt	853	822	822	1,228	1,221	1,219	1,219	1,220	1,220	1,221	1,221
Noncurrent Deferred & Payable Income Tax Liabilities	23	47	59	218	268	280	246	239	240	233	212
Other Noncurrent Operating Liabilities	72	63	62	78	68	63	68	53	50	47	41
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,634	1,673	1,720	4,860	4,752	4,609	3,572	3,435	3,349	3,255	3,166
Total Preferred & Common Equity	1,634	1,673	1,720	4,851	4,743	4,599	3,562	3,427	3,342	3,249	3,159
Total Common Equity	1,634	1,673	1,720	4,851	4,743	4,599	3,562	3,427	3,342	3,249	3,159
Common Stock	3,200	3,205	3,212	6,401	6,425	6,435	6,448	6,471	6,481	6,489	6,503
Retained Earnings	-170	-4.90	63	29	75	54	-956	-1,070	-1,150	-1,218	-1,320
Treasury Stock	-1,396	-1,527	-1,555	-1,578	-1,756	-1,890	-1,930	-1,971	-1,987	-2,021	-2,021
Accumulated Other Comprehensive Income / (Loss)	0.00	0.00	0.00	-0.66	-0.52	-0.65	-0.05	-2.87	-1.03	-1.83	-1.69
Noncontrolling Interest	-	-	-	8.40	8.86	9.40	9.83	8.41	6.33	6.28	6.33

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-40.57%	-51.57%	157.32%	0.00%	0.00%	-54.50%	20.71%	95.09%	56.61%	29.70%	-10.25%
EBITDA Growth	-54.21%	92.34%	-44.34%	21.21%	-8.75%	-140.41%	177.91%	304.14%	56.90%	-74.09%	220.50%
EBIT Growth	-243.73%	152.16%	-237.65%	-10.00%	-43.48%	-93.31%	23.95%	130.64%	70.32%	-351.72%	95.61%
NOPAT Growth	-257.29%	152.14%	-237.85%	-4,375.95%	-43.27%	-93.31%	24.04%	140.98%	44.97%	-320.96%	95.41%
Net Income Growth	-281.04%	-8.20%	101.85%	-5,538.60%	-32.44%	-88.79%	18.56%	123.63%	59.03%	-492.92%	90.37%
EPS Growth	-280.18%	-9.00%	101.38%	-5,000.00%	-42.86%	-103.33%	21.31%	120.83%	25.71%	-377.27%	90.16%
Operating Cash Flow Growth	37.15%	-69.48%	-1.42%	142.98%	-4.72%	-59.95%	-65.75%	492.89%	77.66%	16.86%	-18.23%
Free Cash Flow Firm Growth	156.49%	140.29%	-446.07%	110.12%	113.84%	-28.28%	-140.83%	242.61%	-1,893.22%	124.24%	-47.93%
Invested Capital Growth	-14.28%	-14.76%	70.93%	-8.88%	-17.21%	-25.74%	-12.94%	0.62%	148.64%	-23.95%	-9.77%
Revenue Q/Q Growth	4.91%	-44.79%	29.76%	0.00%	0.00%	-19.45%	22.11%	13.85%	23.75%	-7.28%	-0.23%
EBITDA Q/Q Growth	-28.97%	227.93%	-51.54%	-23.97%	21.36%	-44.60%	12.36%	37.93%	16.00%	-37.30%	-0.10%
EBIT Q/Q Growth	-82.20%	150.57%	-202.68%	-143.04%	21.73%	-4.87%	-54.02%	176.85%	-1.60%	-19.14%	45.59%
NOPAT Q/Q Growth	-82.22%	150.55%	-141.77%	-307.96%	64.32%	-4.87%	-53.63%	204.19%	-10.47%	-19.16%	43.24%
Net Income Q/Q Growth	-65.21%	-6.51%	102.21%	-527.25%	21.32%	-2.63%	-63.94%	150.33%	-13.43%	-13.29%	31.20%
EPS Q/Q Growth	-63.93%	-7.39%	101.92%	-394.00%	19.54%	-4.15%	-57.01%	145.16%	-32.82%	-5.17%	27.27%
Operating Cash Flow Q/Q Growth	3.20%	-31.62%	63.79%	11.01%	-15.69%	-29.52%	102.45%	84.34%	17.48%	-10.42%	9.29%
Free Cash Flow Firm Q/Q Growth	477.24%	182.10%	-142.38%	179.30%	6,176.45%	-16.39%	-432.48%	192.33%	1.50%	-5.22%	17.56%
Invested Capital Q/Q Growth	-3.53%	-3.05%	11.83%	-6.03%	-3.26%	-3.25%	-3.78%	-3.51%	-2.78%	-4.80%	-6.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.45%	29.16%	27.12%	0.00%	27.98%	28.17%	20.38%	30.26%	32.20%	27.11%	24.24%
EBITDA Margin	24.27%	96.41%	20.86%	0.00%	22.00%	-19.54%	12.61%	26.13%	26.17%	5.23%	18.67%
Operating Margin	-21.52%	23.17%	-12.41%	0.00%	-18.68%	-79.36%	-49.94%	7.97%	8.49%	-16.54%	-0.85%
EBIT Margin	-21.52%	23.18%	-12.40%	0.00%	-18.67%	-79.30%	-49.96%	7.85%	8.53%	-16.56%	-0.81%
Profit (Net Income) Margin	-15.57%	-34.79%	0.25%	0.00%	-17.23%	-71.49%	-48.23%	5.84%	5.93%	-17.97%	-1.93%
Tax Burden Percent	66.56%	64.22%	-1.80%	87.48%	80.26%	86.32%	90.94%	92.13%	80.09%	100.99%	90.35%
Interest Burden Percent	108.73%	-233.75%	112.19%	114.31%	115.00%	104.43%	106.16%	80.80%	86.79%	107.44%	263.19%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.87%	19.91%	0.00%	0.00%
Return on Invested Capital (ROIC)	-7.97%	4.86%	-5.38%	0.00%	-8.07%	-19.77%	-18.84%	8.27%	6.85%	-12.06%	-0.67%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.12%	-66.95%	25.00%	0.00%	-20.38%	-44.16%	-44.36%	2.70%	2.72%	-45.92%	-7.90%
Return on Net Nonoperating Assets (RNNOA)	-2.80%	-18.11%	5.57%	0.00%	-5.36%	-13.37%	-17.27%	1.18%	0.73%	-11.23%	-2.10%
Return on Equity (ROE)	-10.77%	-13.25%	0.19%	-8.59%	-13.43%	-33.14%	-36.11%	9.44%	7.58%	-23.30%	-2.78%
Cash Return on Invested Capital (CROIC)	7.40%	20.80%	-57.73%	4.38%	10.76%	9.77%	-5.01%	7.65%	-78.41%	15.14%	9.59%
Operating Return on Assets (OROA)	-8.20%	5.11%	-6.13%	0.00%	-9.31%	-23.04%	-21.67%	6.81%	6.70%	-13.44%	-0.69%
Return on Assets (ROA)	-5.94%	-7.68%	0.12%	0.00%	-8.59%	-20.77%	-20.92%	5.07%	4.66%	-14.58%	-1.63%
Return on Common Equity (ROCE)	-10.77%	-13.25%	0.19%	-8.59%	-13.43%	-33.14%	-36.11%	9.44%	7.57%	-23.24%	-2.77%
Return on Equity Simple (ROE_SIMPLE)	-11.50%	-14.17%	0.15%	-9.17%	-15.02%	-39.86%	-40.67%	9.29%	5.11%	-27.88%	0.00%
Net Operating Profit after Tax (NOPAT)	-285	149	-205	-226	-323	-625	-474	194	282	-623	-29
NOPAT Margin	-15.06%	16.22%	-8.69%	0.00%	-13.08%	-55.56%	-34.96%	7.34%	6.80%	-11.58%	-0.59%
Net Nonoperating Expense Percent (NNEP)	1.14%	71.81%	-30.37%	11.29%	12.31%	24.39%	25.52%	5.57%	4.13%	33.86%	7.22%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.79%	4.65%	-13.25%	-0.64%
Cost of Revenue to Revenue	64.55%	70.84%	72.88%	0.00%	72.02%	71.83%	79.62%	69.74%	67.80%	72.89%	75.76%
SG&A Expenses to Revenue	4.57%	7.56%	4.49%	0.00%	5.40%	8.68%	6.81%	4.40%	4.10%	4.99%	5.28%
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	56.97%	5.99%	39.53%	0.00%	46.66%	107.54%	70.33%	22.28%	23.71%	43.66%	25.09%
Earnings before Interest and Taxes (EBIT)	-407	212	-292	-321	-461	-892	-678	208	354	-891	-39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	459	883	491	596	544	-220	171	692	1,085	281	901
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.77	1.58	1.15	0.62	0.66	0.46	1.07	2.07	0.91	0.93	0.72
Price to Tangible Book Value (P/TBV)	0.80	1.65	1.39	0.72	0.79	0.47	1.08	2.08	1.83	1.57	1.21
Price to Revenue (P/Rev)	1.04	3.89	1.95	0.00	0.76	0.82	1.27	1.30	1.05	0.60	0.48
Price to Earnings (P/E)	0.00	10.19	776.84	0.00	0.00	0.00	0.00	22.27	17.71	0.00	0.00
Dividend Yield	2.99%	0.67%	0.39%	1.40%	1.66%	2.02%	1.00%	1.26%	3.06%	3.87%	5.24%
Earnings Yield	0.00%	9.82%	0.13%	0.00%	0.00%	0.00%	0.00%	4.49%	5.65%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.82	1.47	1.13	0.70	0.74	0.60	1.05	1.75	0.92	0.95	0.78
Enterprise Value to Revenue (EV/Rev)	1.43	4.51	2.30	0.00	1.08	1.43	1.81	1.56	1.31	0.78	0.65
Enterprise Value to EBITDA (EV/EBITDA)	5.89	4.67	11.02	5.13	4.91	0.00	14.37	5.98	4.99	14.99	3.47
Enterprise Value to EBIT (EV/EBIT)	0.00	19.44	0.00	0.00	0.00	0.00	0.00	19.91	15.30	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	27.78	0.00	0.00	0.00	0.00	0.00	21.28	19.21	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.71	13.53	18.01	4.18	3.83	5.75	25.76	7.31	5.38	3.59	3.25
Enterprise Value to Free Cash Flow (EV/FCFF)	10.23	6.49	0.00	15.17	6.20	5.19	0.00	23.01	0.00	5.39	7.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.27	0.22	0.32	0.34	0.45	0.53	0.50	0.26	0.35	0.38
Long-Term Debt to Equity	0.31	0.27	0.22	0.32	0.34	0.45	0.53	0.50	0.25	0.35	0.38
Financial Leverage	0.31	0.27	0.22	0.23	0.26	0.30	0.39	0.44	0.27	0.24	0.27
Leverage Ratio	1.82	1.73	1.53	1.50	1.56	1.60	1.73	1.86	1.63	1.60	1.70
Compound Leverage Factor	1.97	-4.03	1.72	1.71	1.80	1.67	1.83	1.51	1.41	1.72	4.48
Debt to Total Capital	24.94%	21.02%	17.87%	24.20%	25.43%	30.90%	34.62%	33.28%	20.42%	26.08%	27.47%
Short-Term Debt to Total Capital	1.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.14%	0.00%
Long-Term Debt to Total Capital	23.09%	21.02%	17.87%	24.20%	25.43%	30.90%	34.62%	33.28%	20.22%	25.94%	27.47%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.21%	0.14%
Common Equity to Total Capital	75.06%	78.98%	82.13%	75.80%	74.57%	69.10%	65.38%	66.72%	79.44%	73.71%	72.40%
Debt to EBITDA	1.85	0.68	1.76	1.88	1.78	-4.10	4.98	1.20	1.14	4.36	1.36
Net Debt to EBITDA	1.61	0.64	1.68	1.47	1.46	-3.08	4.29	1.00	0.96	3.50	0.89
Long-Term Debt to EBITDA	1.72	0.68	1.76	1.88	1.78	-4.10	4.98	1.20	1.13	4.34	1.36
Debt to NOPAT	-2.99	4.03	-4.23	-4.96	-2.99	-1.44	-1.80	4.27	4.39	-1.97	-42.72
Net Debt to NOPAT	-2.59	3.79	-4.02	-3.88	-2.45	-1.08	-1.55	3.57	3.71	-1.58	-28.00
Long-Term Debt to NOPAT	-2.77	4.03	-4.23	-4.96	-2.99	-1.44	-1.80	4.27	4.35	-1.96	-42.72
Altman Z-Score	1.53	2.61	2.35	1.01	1.39	0.16	0.44	2.53	1.80	1.08	1.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	0.22%	0.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	0.93	1.37	1.81	1.58	1.75	1.34	1.51	1.41	1.54	1.64
Quick Ratio	1.08	0.69	1.14	1.53	1.28	1.41	1.09	1.28	1.11	1.19	1.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	264	635	-2,199	201	431	309	-126	180	-3,224	782	407
Operating Cash Flow to CapEx	138.24%	311.55%	53.03%	113.91%	200.34%	191.68%	57.42%	137.85%	170.72%	180.14%	176.40%
Free Cash Flow to Firm to Interest Expense	7.25	0.00	-58.69	3.90	5.72	7.57	-3.00	4.47	-60.99	10.86	5.77
Operating Cash Flow to Interest Expense	27.40	0.00	8.03	14.17	9.26	6.84	2.27	14.06	19.03	16.34	13.63
Operating Cash Flow Less CapEx to Interest Expense	7.58	0.00	-7.11	1.73	4.64	3.27	-1.69	3.86	7.88	7.27	5.90
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.22	0.49	0.00	0.50	0.29	0.43	0.87	0.79	0.81	0.85
Accounts Receivable Turnover	4.28	4.98	6.47	0.00	5.50	4.50	5.26	5.75	5.40	6.20	6.49
Inventory Turnover	51.99	37.17	38.44	0.00	34.91	23.26	28.64	34.28	22.84	22.54	22.34
Fixed Asset Turnover	0.47	0.25	0.62	0.00	0.68	0.37	0.53	1.15	1.48	1.69	1.69
Accounts Payable Turnover	5.25	6.23	7.71	0.00	7.75	6.18	7.68	8.64	7.29	8.20	8.20
Days Sales Outstanding (DSO)	85.21	73.28	56.41	0.00	66.37	81.15	69.43	63.53	67.63	58.87	56.23
Days Inventory Outstanding (DIO)	7.02	9.82	9.49	0.00	10.45	15.69	12.74	10.65	15.98	16.19	16.34
Days Payable Outstanding (DPO)	69.54	58.63	47.31	0.00	47.12	59.10	47.51	42.23	50.08	44.50	44.53
Cash Conversion Cycle (CCC)	22.69	24.47	18.59	0.00	29.70	37.75	34.67	31.95	33.53	30.57	28.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,299	2,812	4,806	4,380	3,626	2,693	2,344	2,359	5,865	4,461	4,025
Invested Capital Turnover	0.53	0.30	0.62	0.00	0.62	0.36	0.54	1.13	1.01	1.04	1.14
Increase / (Decrease) in Invested Capital	-549	-487	1,994	-427	-754	-933	-348	15	3,506	-1,404	-436
Enterprise Value (EV)	2,705	4,126	5,415	3,054	2,670	1,603	2,460	4,137	5,415	4,216	3,124
Market Capitalization	1,967	3,563	4,591	2,180	1,877	926	1,725	3,444	4,363	3,221	2,317
Book Value per Share	$17.40	$15.18	$17.90	$16.03	$14.57	$10.75	$7.48	$7.68	$11.53	$8.89	$8.49
Tangible Book Value per Share	$16.77	$14.58	$14.81	$13.85	$12.28	$10.59	$7.45	$7.65	$5.71	$5.25	$5.05
Total Capital	3,412	2,847	4,849	4,625	3,800	2,918	2,462	2,496	6,058	4,702	4,446
Total Debt	851	598	867	1,119	967	901	852	831	1,237	1,226	1,221
Total Long-Term Debt	788	598	867	1,119	967	901	852	831	1,225	1,220	1,221
Net Debt	738	563	824	874	792	677	735	693	1,044	985	800
Capital Expenditures (CapEx)	723	98	567	641	348	145	166	411	589	653	545
Debt-free, Cash-free Net Working Capital (DFCFNWC)	129	-53	158	179	57	-21	30	141	255	218	134
Debt-free Net Working Capital (DFNWC)	242	-18	201	424	231	204	148	278	447	460	554
Net Working Capital (NWC)	179	-18	201	424	231	204	148	278	435	453	554
Net Nonoperating Expense (NNE)	9.61	467	-211	96	103	179	180	40	36	344	64
Net Nonoperating Obligations (NNO)	738	563	824	874	792	677	735	693	1,044	985	800
Total Depreciation and Amortization (D&A)	866	671	784	917	1,005	672	849	484	731	1,172	940
Debt-free, Cash-free Net Working Capital to Revenue	6.81%	-5.80%	6.69%	0.00%	2.31%	-1.84%	2.23%	5.32%	6.15%	4.06%	2.77%
Debt-free Net Working Capital to Revenue	12.80%	-1.96%	8.51%	0.00%	9.36%	18.17%	10.89%	10.52%	10.79%	8.55%	11.49%
Net Working Capital to Revenue	9.46%	-1.96%	8.51%	0.00%	9.36%	18.17%	10.89%	10.52%	10.50%	8.43%	11.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.00)	($2.18)	$0.03	($1.47)	($2.10)	($4.27)	($3.36)	$0.00	$0.88	($2.44)	($0.24)
Adjusted Weighted Average Basic Shares Outstanding	145.42M	146.18M	198.45M	218.64M	203.04M	188.01M	195.02M	0.00	279.50M	397.20M	383.47M
Adjusted Diluted Earnings per Share	($2.00)	($2.18)	$0.03	($1.47)	($2.10)	($4.27)	($3.36)	$0.00	$0.88	($2.44)	($0.24)
Adjusted Weighted Average Diluted Shares Outstanding	145.42M	146.18M	199.88M	218.64M	203.04M	188.01M	195.02M	0.00	280.06M	397.20M	383.47M
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	147.18M	166.33M	222.29M	0.00	192.15M	187.74M	215.27M	0.00	408.19M	386.39M	379.58M
Normalized Net Operating Profit after Tax (NOPAT)	-198	149	-153	-76	-311	-321	-466	196	360	20	-28
Normalized NOPAT Margin	-10.45%	16.22%	-6.48%	0.00%	-12.57%	-28.57%	-34.34%	7.42%	8.69%	0.37%	-0.58%
Pre Tax Income Margin	-23.39%	-54.18%	-13.91%	0.00%	-21.47%	-82.81%	-53.04%	6.34%	7.41%	-17.79%	-2.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.16	0.00	-7.80	-6.23	-6.13	-21.87	-16.15	5.16	6.69	-12.38	-0.56
NOPAT to Interest Expense	-7.81	0.00	-5.46	-4.37	-4.30	-15.32	-11.30	4.83	5.33	-8.65	-0.41
EBIT Less CapEx to Interest Expense	-30.98	0.00	-22.93	-18.67	-10.75	-25.44	-20.11	-5.04	-4.45	-21.45	-8.28
NOPAT Less CapEx to Interest Expense	-27.63	0.00	-20.60	-16.81	-8.92	-18.89	-15.26	-5.37	-5.81	-17.72	-8.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-19.96%	-7.40%	276.06%	-9.52%	-7.62%	-2.35%	-2.38%	27.87%	40.67%	-13.12%	-131.59%
Augmented Payout Ratio	-22.68%	-8.53%	391.27%	-59.84%	-67.63%	-4.98%	-3.35%	73.17%	122.28%	-43.17%	-206.43%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	379,575,200.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	379,575,200.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	39.03%	100.93%	90.75%	77.65%	34.19%	-26.65%	-15.22%	-9.56%	-13.36%	-0.97%	-12.75%
EBITDA Growth	5.08%	62.52%	41.93%	33.96%	-398.31%	-42.98%	-30.88%	-26.31%	132.20%	-0.39%	-18.24%
EBIT Growth	-87.82%	-4.96%	-31.07%	-57.48%	-11,010.69%	-129.59%	-78.47%	-168.49%	97.27%	100.36%	-170.60%
NOPAT Growth	-90.78%	-31.23%	-40.11%	-80.13%	-10,308.46%	-129.57%	-87.00%	-215.48%	97.17%	99.25%	-222.87%
Net Income Growth	-100.45%	-38.12%	-48.13%	-86.27%	-351,818.71%	-182.97%	-97.51%	-519.04%	96.27%	82.10%	-1,997.36%
EPS Growth	-100.00%	-95.56%	-71.74%	-92.50%	0.00%	-600.00%	-100.00%	-533.33%	96.00%	90.00%	0.00%
Operating Cash Flow Growth	-12.43%	49.41%	56.13%	21.29%	89.84%	-30.22%	-43.11%	-29.25%	-27.16%	25.87%	-69.32%
Free Cash Flow Firm Growth	-5,562.00%	-3,780.67%	-2,410.45%	-2,644.72%	118.26%	140.28%	140.70%	140.58%	-42.36%	-68.50%	-73.11%
Invested Capital Growth	146.78%	148.64%	148.73%	140.99%	-22.33%	-23.95%	-23.76%	-23.97%	-8.46%	-9.77%	-8.65%
Revenue Q/Q Growth	33.28%	56.64%	-4.67%	-10.74%	0.67%	-14.37%	10.19%	-4.78%	-3.56%	-2.14%	-2.91%
EBITDA Q/Q Growth	-11.55%	88.27%	-6.78%	-13.70%	-296.96%	135.99%	13.00%	-8.00%	-13.94%	11.33%	-7.25%
EBIT Q/Q Growth	-91.50%	1,115.19%	-20.44%	-48.26%	-2,281.08%	96.70%	157.89%	-264.60%	13.16%	100.44%	-11,320.17%
NOPAT Q/Q Growth	-92.45%	992.04%	-15.43%	-71.51%	-3,979.66%	96.84%	137.19%	-353.06%	4.86%	99.16%	-5,992.34%
Net Income Q/Q Growth	-100.33%	22,379.86%	-16.52%	-77.52%	-8,518.67%	94.75%	102.51%	-3,874.96%	25.15%	74.77%	-166.13%
EPS Q/Q Growth	-100.00%	0.00%	550.00%	-76.92%	-8,433.33%	96.00%	100.00%	0.00%	23.08%	90.00%	-500.00%
Operating Cash Flow Q/Q Growth	-4.16%	190.01%	-19.16%	-46.02%	50.00%	6.60%	-34.10%	-32.86%	54.42%	84.21%	-83.94%
Free Cash Flow Firm Q/Q Growth	-2,816.41%	4.17%	0.52%	1.74%	119.49%	111.42%	0.52%	-2.04%	-72.31%	15.52%	-14.19%
Invested Capital Q/Q Growth	152.18%	-2.78%	-0.85%	-0.86%	-18.73%	-4.80%	-0.61%	-1.14%	-2.15%	-6.15%	0.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.64%	29.36%	28.34%	27.99%	25.39%	26.52%	24.92%	23.78%	23.99%	24.24%	24.00%
EBITDA Margin	20.44%	24.57%	24.02%	23.22%	-45.44%	19.10%	19.58%	18.92%	16.89%	19.21%	18.35%
Operating Margin	0.96%	7.05%	5.76%	3.35%	-72.99%	-2.70%	1.32%	-2.42%	-2.39%	-0.02%	-1.28%
EBIT Margin	0.90%	6.97%	5.82%	3.37%	-73.04%	-2.81%	1.48%	-2.55%	-2.30%	0.01%	-1.20%
Profit (Net Income) Margin	-0.03%	3.91%	3.42%	0.86%	-72.08%	-4.42%	0.10%	-3.99%	-3.10%	-0.80%	-2.19%
Tax Burden Percent	6.31%	66.41%	72.11%	39.52%	97.00%	103.90%	48.13%	102.51%	84.68%	60.80%	87.19%
Interest Burden Percent	-48.51%	84.47%	81.62%	64.70%	101.74%	151.42%	14.17%	152.60%	159.21%	-12,710.92%	210.25%
Effective Tax Rate	0.00%	33.59%	27.89%	60.48%	0.00%	0.00%	51.87%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.53%	4.72%	4.96%	1.77%	-55.30%	-1.97%	0.64%	-1.67%	-1.80%	-0.02%	-0.99%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.18%	3.31%	3.68%	1.09%	-80.21%	-4.87%	-0.03%	-4.24%	-3.37%	-1.03%	-2.52%
Return on Net Nonoperating Assets (RNNOA)	-0.06%	0.89%	0.99%	0.31%	-21.75%	-1.19%	-0.01%	-1.17%	-1.06%	-0.27%	-0.72%
Return on Equity (ROE)	0.48%	5.61%	5.95%	2.09%	-77.05%	-3.16%	0.63%	-2.84%	-2.86%	-0.29%	-1.71%
Cash Return on Invested Capital (CROIC)	-77.23%	-78.41%	-79.43%	-78.60%	15.39%	15.14%	13.85%	12.97%	7.72%	9.59%	7.86%
Operating Return on Assets (OROA)	0.58%	5.47%	5.48%	3.63%	-63.31%	-2.28%	1.17%	-2.03%	-1.93%	0.01%	-1.00%
Return on Assets (ROA)	-0.02%	3.07%	3.23%	0.93%	-62.48%	-3.59%	0.08%	-3.18%	-2.61%	-0.68%	-1.84%
Return on Common Equity (ROCE)	0.47%	5.60%	5.94%	2.08%	-76.88%	-3.15%	0.63%	-2.84%	-2.85%	-0.29%	-1.70%
Return on Equity Simple (ROE_SIMPLE)	5.86%	0.00%	4.17%	2.72%	-23.95%	0.00%	-29.67%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	6.79	74	63	18	-693	-22	8.16	-21	-20	-0.16	-10
NOPAT Margin	0.67%	4.68%	4.15%	1.33%	-51.09%	-1.89%	0.64%	-1.69%	-1.67%	-0.01%	-0.90%
Net Nonoperating Expense Percent (NNEP)	0.71%	1.41%	1.28%	0.68%	24.92%	2.90%	0.67%	2.56%	1.57%	1.01%	1.54%
Return On Investment Capital (ROIC_SIMPLE)	-	1.22%	-	-	-	-0.47%	0.18%	-0.45%	-0.44%	0.00%	-0.23%
Cost of Revenue to Revenue	68.36%	70.64%	71.66%	72.01%	74.61%	73.48%	75.08%	76.22%	76.01%	75.76%	76.00%
SG&A Expenses to Revenue	4.46%	3.85%	4.30%	4.79%	4.84%	6.29%	5.23%	5.26%	5.27%	5.39%	6.15%
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	30.68%	22.31%	22.58%	24.63%	98.38%	29.21%	23.60%	26.20%	26.38%	24.26%	25.28%
Earnings before Interest and Taxes (EBIT)	9.09	110	88	45	-991	-33	19	-31	-27	0.12	-13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	207	389	363	313	-617	222	251	231	199	221	205
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.58	0.91	1.04	0.90	0.84	0.93	0.93	0.68	0.61	0.72	1.30
Price to Tangible Book Value (P/TBV)	1.16	1.83	2.11	1.87	1.42	1.57	1.56	1.15	1.04	1.21	2.18
Price to Revenue (P/Rev)	0.83	1.05	1.02	0.76	0.52	0.60	0.62	0.46	0.41	0.48	0.88
Price to Earnings (P/E)	9.82	17.71	25.00	33.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	2.38%	3.06%	2.70%	3.09%	4.18%	3.87%	3.89%	5.40%	6.18%	5.24%	3.14%
Earnings Yield	10.18%	5.65%	4.00%	2.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.66	0.92	1.03	0.92	0.88	0.95	0.94	0.76	0.71	0.78	1.23
Enterprise Value to Revenue (EV/Rev)	1.19	1.31	1.24	0.98	0.71	0.78	0.81	0.66	0.63	0.65	1.07
Enterprise Value to EBITDA (EV/EBITDA)	4.25	4.99	5.05	4.19	9.21	14.99	24.73	38.37	3.37	3.47	5.85
Enterprise Value to EBIT (EV/EBIT)	11.06	15.30	19.15	21.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	12.63	19.21	25.15	31.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.64	5.38	5.29	4.55	3.15	3.59	4.11	3.47	3.45	3.25	6.12
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	5.01	5.39	5.89	5.06	8.77	7.67	15.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.26	0.26	0.26	0.27	0.34	0.35	0.36	0.36	0.38	0.38	0.39
Long-Term Debt to Equity	0.25	0.25	0.26	0.26	0.34	0.35	0.36	0.36	0.38	0.38	0.39
Financial Leverage	0.31	0.27	0.27	0.29	0.27	0.24	0.25	0.28	0.31	0.27	0.29
Leverage Ratio	1.61	1.63	1.61	1.60	1.59	1.60	1.59	1.58	1.68	1.70	1.69
Compound Leverage Factor	-0.78	1.38	1.31	1.04	1.62	2.42	0.22	2.42	2.68	-216.33	3.54
Debt to Total Capital	20.33%	20.42%	20.61%	21.09%	25.60%	26.08%	26.26%	26.71%	27.27%	27.47%	27.84%
Short-Term Debt to Total Capital	0.20%	0.20%	0.21%	0.22%	0.20%	0.14%	0.07%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.14%	20.22%	20.40%	20.88%	25.40%	25.94%	26.19%	26.71%	27.27%	27.47%	27.84%
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	0.14%	0.14%	0.15%	0.16%	0.20%	0.21%	0.18%	0.14%	0.14%	0.14%	0.14%
Common Equity to Total Capital	79.53%	79.44%	79.24%	78.75%	74.20%	73.71%	73.56%	73.15%	72.59%	72.40%	72.02%
Debt to EBITDA	1.33	1.14	1.03	0.97	2.74	4.36	7.23	14.06	1.35	1.36	1.43
Net Debt to EBITDA	1.25	0.96	0.89	0.91	2.48	3.50	5.90	11.92	1.15	0.89	1.03
Long-Term Debt to EBITDA	1.31	1.13	1.02	0.96	2.72	4.34	7.21	14.06	1.35	1.36	1.43
Debt to NOPAT	3.94	4.39	5.15	7.38	-2.35	-1.97	-1.82	-1.69	-24.24	-42.72	-24.20
Net Debt to NOPAT	3.73	3.71	4.44	6.93	-2.13	-1.58	-1.49	-1.43	-20.53	-28.00	-17.52
Long-Term Debt to NOPAT	3.90	4.35	5.10	7.31	-2.33	-1.96	-1.82	-1.69	-24.24	-42.72	-24.20
Altman Z-Score	1.18	1.70	2.00	1.92	1.04	1.57	1.57	1.32	1.18	1.26	1.78
Noncontrolling Interest Sharing Ratio	0.13%	0.13%	0.14%	0.15%	0.22%	0.22%	0.21%	0.20%	0.24%	0.24%	0.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.37	1.41	1.48	1.50	1.52	1.54	1.61	1.73	1.64	1.64	1.84
Quick Ratio	1.04	1.11	1.14	1.11	1.14	1.19	1.25	1.34	1.27	1.32	1.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,581	-3,432	-3,414	-3,355	654	1,383	1,390	1,361	377	435	374
Operating Cash Flow to CapEx	105.00%	228.18%	162.94%	159.84%	169.09%	244.45%	132.16%	116.26%	154.51%	311.66%	61.16%
Free Cash Flow to Firm to Interest Expense	-229.21	-183.72	-186.22	-187.30	36.35	78.00	78.53	77.16	21.55	24.63	21.37
Operating Cash Flow to Interest Expense	9.99	24.23	19.96	11.03	16.47	17.82	11.76	7.92	12.34	22.49	3.65
Operating Cash Flow Less CapEx to Interest Expense	0.48	13.61	7.71	4.13	6.73	10.53	2.86	1.11	4.35	15.27	-2.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.79	0.94	1.08	0.87	0.81	0.79	0.80	0.84	0.85	0.84
Accounts Receivable Turnover	4.31	5.40	7.12	8.03	6.19	6.20	6.15	6.13	5.81	6.49	6.05
Inventory Turnover	18.27	22.84	27.22	32.15	23.30	22.54	21.68	22.39	22.18	22.34	22.27
Fixed Asset Turnover	1.18	1.48	1.75	1.98	1.79	1.69	1.65	1.65	1.65	1.69	1.68
Accounts Payable Turnover	5.24	7.29	8.29	10.71	7.80	8.20	7.19	8.33	7.64	8.20	7.41
Days Sales Outstanding (DSO)	84.78	67.63	51.24	45.44	58.96	58.87	59.31	59.55	62.78	56.23	60.37
Days Inventory Outstanding (DIO)	19.98	15.98	13.41	11.35	15.66	16.19	16.84	16.30	16.46	16.34	16.39
Days Payable Outstanding (DPO)	69.72	50.08	44.05	34.10	46.79	44.50	50.80	43.80	47.81	44.53	49.25
Cash Conversion Cycle (CCC)	35.04	33.53	20.59	22.70	27.84	30.57	25.35	32.05	31.43	28.04	27.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,033	5,865	5,815	5,765	4,685	4,461	4,434	4,383	4,289	4,025	4,050
Invested Capital Turnover	0.79	1.01	1.19	1.34	1.08	1.04	1.00	0.99	1.08	1.14	1.10
Increase / (Decrease) in Invested Capital	3,588	3,506	3,477	3,373	-1,347	-1,404	-1,382	-1,382	-397	-436	-384
Enterprise Value (EV)	3,976	5,415	6,018	5,328	4,130	4,216	4,183	3,330	3,035	3,124	5,001
Market Capitalization	2,794	4,363	4,946	4,162	3,007	3,221	3,176	2,289	1,995	2,317	4,111
Book Value per Share	$23.32	$11.53	$11.62	$11.45	$9.06	$8.89	$8.87	$8.66	$8.43	$8.49	$8.32
Tangible Book Value per Share	$11.55	$5.71	$5.73	$5.55	$5.37	$5.25	$5.28	$5.14	$4.98	$5.05	$4.97
Total Capital	6,100	6,058	5,985	5,840	4,801	4,702	4,659	4,569	4,476	4,446	4,387
Total Debt	1,240	1,237	1,233	1,232	1,229	1,226	1,223	1,220	1,221	1,221	1,221
Total Long-Term Debt	1,228	1,225	1,221	1,219	1,219	1,220	1,220	1,220	1,221	1,221	1,221
Net Debt	1,173	1,044	1,063	1,157	1,113	985	998	1,035	1,034	800	884
Capital Expenditures (CapEx)	149	198	225	124	175	129	157	120	140	128	104
Debt-free, Cash-free Net Working Capital (DFCFNWC)	332	255	280	366	338	218	277	339	313	134	265
Debt-free Net Working Capital (DFNWC)	399	447	450	441	453	460	502	525	500	554	602
Net Working Capital (NWC)	387	435	438	428	444	453	499	525	500	554	602
Net Nonoperating Expense (NNE)	7.07	12	11	6.25	285	29	6.87	28	17	9.03	14
Net Nonoperating Obligations (NNO)	1,173	1,044	1,063	1,157	1,113	985	998	1,035	1,034	800	884
Total Depreciation and Amortization (D&A)	198	279	275	268	375	255	232	262	226	221	218
Debt-free, Cash-free Net Working Capital to Revenue	9.91%	6.15%	5.75%	6.71%	5.83%	4.06%	5.38%	6.75%	6.47%	2.77%	5.68%
Debt-free Net Working Capital to Revenue	11.91%	10.79%	9.25%	8.08%	7.82%	8.55%	9.76%	10.45%	10.33%	11.49%	12.91%
Net Working Capital to Revenue	11.55%	10.50%	9.00%	7.85%	7.65%	8.43%	9.70%	10.45%	10.33%	11.49%	12.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.13	$0.03	($2.50)	($0.10)	$0.00	($0.13)	($0.10)	($0.01)	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	280.22M	279.50M	408.18M	399.56M	391.73M	397.20M	386.52M	385.37M	382.82M	383.47M	379.59M
Adjusted Diluted Earnings per Share	$0.00	$0.02	$0.13	$0.03	($2.50)	($0.10)	$0.00	($0.13)	($0.10)	($0.01)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	281.98M	280.06M	409.82M	399.56M	391.73M	397.20M	387.04M	385.37M	382.82M	383.47M	379.59M
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	417.28M	408.19M	401.70M	393.05M	389.96M	386.39M	385.99M	385.17M	379.24M	379.58M	379.62M
Normalized Net Operating Profit after Tax (NOPAT)	56	87	72	39	-69	-20	12	-20	-20	-0.16	-10
Normalized NOPAT Margin	5.53%	5.52%	4.74%	2.90%	-5.09%	-1.68%	0.95%	-1.66%	-1.66%	-0.01%	-0.90%
Pre Tax Income Margin	-0.44%	5.89%	4.75%	2.18%	-74.31%	-4.26%	0.21%	-3.90%	-3.66%	-1.31%	-2.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.58	5.91	4.79	2.54	-55.11	-1.84	1.07	-1.76	-1.55	0.01	-0.76
NOPAT to Interest Expense	0.43	3.97	3.42	1.00	-38.55	-1.24	0.46	-1.17	-1.12	-0.01	-0.57
EBIT Less CapEx to Interest Expense	-8.93	-4.71	-7.46	-4.36	-64.85	-9.13	-7.83	-8.58	-9.53	-7.21	-6.73
NOPAT Less CapEx to Interest Expense	-9.08	-6.65	-8.83	-5.90	-48.29	-8.53	-8.44	-7.98	-9.11	-7.22	-6.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.53%	40.67%	58.43%	104.73%	-15.11%	-13.12%	-12.30%	-11.52%	-91.17%	-131.59%	-109.02%
Augmented Payout Ratio	93.39%	122.28%	172.03%	368.75%	-55.71%	-43.17%	-33.25%	-20.44%	-157.65%	-206.43%	-150.84%

Financials Breakdown Chart

Key Financial Trends

Market insights on Patterson-UTI Energy (PTEN) based on the last four years of quarterly results show improving cash flow in late 2025, a solid balance sheet, and ongoing profitability volatility tied to the oil patch cycle. Below are the key items that could influence the stock’s near-term and longer-term outlook.

Strong Q4 2025 cash flow from continuing operating activities: about $397.5 million.
Free cash flow in Q4 2025 around $259 million (approximately $397.5M of operating cash flow minus about $138.5M of capital expenditures).
Net increase in cash and equivalents in Q4 2025: about $233.7 million, signaling improved liquidity.
Regular quarterly dividend of $0.08 per share remains in place, reflecting ongoing cash return to shareholders.
Long-term debt roughly $1.22 billion with steady quarterly interest expense around $17–18 million, implying manageable leverage and ongoing debt service.
Total equity around $3.25 billion, with a solid balance sheet position alongside cash holdings.
Revenue has shown cyclical volatility—stronger levels in 2023 followed by normalization in 2024–2025—typical for an offshore/onshore drilling services company tied to rig activity.
Investing cash outflows reflect ongoing capex activity (e.g., about $138.5 million capex in Q4 2025), consistent with asset deployment in a cyclical business.
Near-term profitability has been volatile in 2025, with net income attributable to common shareholders negative in several quarters (e.g., Q2 2025 around -$49.1 million; Q3 2025 around -$36.4 million; Q4 2025 around -$9.1 million).
Operating income was negative in recent quarters (e.g., Q2 2025 around -$29.5 million; Q3 2025 around -$28.1 million; Q4 2025 near breakeven/slightly negative), indicating margin headwinds despite solid revenue scale.

Bottom line: PTEN has demonstrated stronger cash generation on a quarterly basis and a solid balance sheet, which supports liquidity and potential shareholder returns. However, profitability remains cyclical, and near-term earnings have shown pressure in 2025. Investors should watch oil demand and rig activity trends, as they are the primary drivers of PTEN’s quarterly revenue and margin performance.

05/11/26 06:09 PM ETAI Generated. May Contain Errors.

Patterson-UTI Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Patterson-UTI Energy's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Patterson-UTI Energy's net income appears to be on an upward trend, with a most recent value of -$93.05 million in 2025, falling from $162.66 million in 2014. The previous period was -$966.40 million in 2024. See Patterson-UTI Energy's forecast for analyst expectations on what's next for the company.

Patterson-UTI Energy's total operating income in 2025 was -$40.83 million, based on the following breakdown:

Total Gross Profit: $1.17 billion
Total Operating Expenses: $1.21 billion

Over the last 10 years, Patterson-UTI Energy's total revenue changed from $3.18 billion in 2014 to $4.83 billion in 2025, a change of 51.7%.

Patterson-UTI Energy's total liabilities were at $2.35 billion at the end of 2025, a 0.5% decrease from 2024, and a 19.2% increase since 2015.

In the past 10 years, Patterson-UTI Energy's cash and equivalents has ranged from $35.15 million in 2016 to $420.64 million in 2025, and is currently $420.64 million as of their latest financial filing in 2025.

Over the last 10 years, Patterson-UTI Energy's book value per share changed from 17.40 in 2015 to 8.49 in 2025, a change of -51.2%.

Related Companies

Financial statements for NASDAQ:PTEN last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Patterson-UTI Energy (PTEN) Financials

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Patterson-UTI Energy (PTEN) Financials

Annual Income Statements for Patterson-UTI Energy

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Quarterly Balance Sheets for Patterson-UTI Energy

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Quarterly Metrics And Ratios for Patterson-UTI Energy

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Patterson-UTI Energy Financials - Frequently Asked Questions

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

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How has Patterson-UTI Energy's revenue changed over the last 10 years?

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