NASDAQ : PTEN
Patterson-UTI Energy, Inc. — Financial statements
Energy · Oil & Gas Drilling · United States
Last price 13.12 USD (Oct 30, 2026, 2:46 PM EDT) · Market cap 5.00B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Patterson-UTI Energy, Inc. (PTEN) reported revenue of 4.84B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 4.81B | 4.79B | 5.31B | 4.07B | 2.57B | 1.31B |
| Other Revenue | 33.03M | 33.03M | 65.67M | 74.58M | 80.36M | 49.11M |
| Revenue | 4.84B | 4.83B | 5.38B | 4.15B | 2.65B | 1.36B |
| Cost of Revenue | 3.67B | 3.66B | 3.92B | 2.81B | 1.85B | 1.08B |
| Gross Profit | 1.16B | 1.17B | 1.46B | 1.34B | 801.04M | 275.13M |
| Selling, General & Admin | 268.29M | 255.07M | 268.34M | 169.96M | 116.59M | 92.38M |
| Other Operating Expenses | -25.23M | 14.60M | -10.71M | -16.27M | -12.59M | 2.19M |
| Operating Expenses | 1.12B | 1.21B | 1.32B | 885.11M | 587.94M | 676.15M |
| Operating Income | 42.77M | -39.81M | 142.54M | 450.03M | 213.10M | -401.02M |
| Interest Expense | -75.53M | -70.51M | -71.96M | -52.87M | -40.26M | -41.98M |
| Interest & Investment Income | 10.79M | 6.65M | 5.73M | 6.12M | 360.00K | 222.00K |
| Other Non Operating Income (Expenses) | -995.00K | 1.70M | -975.00K | 1.90M | -3.27M | -275.00K |
| EBT Excluding Unusual Items | -22.96M | -101.97M | 75.33M | 405.18M | 169.93M | -443.05M |
| Merger & Restructuring Charges | -1.02M | -1.02M | -33.04M | -98.08M | -2.07M | -12.06M |
| Impairment of Goodwill | -885.24M | |||||
| Gain (Loss) on Sale of Assets | 1.43M | |||||
| Asset Writedown | -114.00M | -266.10M | ||||
| Pretax Income | -23.98M | -102.99M | -956.95M | 307.10M | 167.86M | -719.78M |
| Income Tax Expense | 336.00K | -9.94M | 9.45M | 61.15M | 13.20M | -62.70M |
| Earnings From Continuing Operations | -24.31M | -93.05M | -966.40M | 245.95M | 154.66M | -657.08M |
| Earnings From Discontinued Operations | 2.53M | |||||
| Net Income to Company | -24.31M | -93.05M | -966.40M | 245.95M | 154.66M | -654.54M |
| Minority Interest in Earnings | -658.00K | -581.00K | -1.63M | 340.00K | ||
| Net Income | -24.97M | -93.64M | -968.03M | 246.29M | 154.66M | -654.54M |
| Net Income to Common | -24.97M | -93.64M | -968.03M | 246.29M | 154.66M | -654.54M |
| Shares Outstanding (Basic) | 380.02M | 383.46M | 397.20M | 279.50M | 215.94M | 195.02M |
| Shares Outstanding (Diluted) | 380.02M | 383.46M | 397.20M | 280.06M | 219.50M | 195.02M |
| EPS (Basic) | -0.07 | -0.24 | -2.44 | 0.88 | 0.72 | -3.36 |
| EPS (Diluted) | -0.07 | -0.24 | -2.44 | 0.88 | 0.70 | -3.36 |
| Free Cash Flow | 265.98M | 372.19M | 497.15M | 390.22M | 129.39M | -70.82M |
| Free Cash Flow Per Share | 0.70 | 0.97 | 1.25 | 1.39 | 0.59 | -0.36 |
| Dividend Per Share | 0.38 | 0.32 | 0.32 | 0.32 | 0.20 | 0.08 |
| Gross Margin | 24.07% | 24.24% | 27.11% | 32.20% | 30.25% | 20.27% |
| Operating Margin | 0.88% | -0.83% | 2.65% | 10.85% | 8.05% | -29.55% |
| Profit Margin | -0.52% | -1.94% | -18.00% | 5.94% | 5.84% | -48.23% |
| Free Cash Flow Margin | 5.50% | 7.71% | 9.24% | 9.41% | 4.89% | -5.22% |
| EBITDA | 921.48M | 900.45M | 1.20B | 1.18B | 697.04M | 182.06M |
| EBITDA Margin | 19.05% | 18.66% | 22.32% | 28.49% | 26.33% | 13.42% |
| D&A For EBITDA | 878.70M | 940.26M | 1.06B | 731.42M | 483.94M | 583.08M |
| EBIT | 42.77M | -39.81M | 142.54M | 450.03M | 213.10M | -401.02M |
| EBIT Margin | 0.88% | -0.83% | 2.65% | 10.85% | 8.05% | -29.55% |
| Effective Tax Rate | 19.91% | 7.87% | ||||
| Revenue as Reported | 4.83B | 4.83B | 5.38B | 4.15B | 2.65B | 1.36B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 339.31M | 418.51M | 239.18M | 190.11M | 137.55M | 117.52M |
| Cash & Short-Term Investments | 339.31M | 418.51M | 239.18M | 190.11M | 137.55M | 117.52M |
| Accounts Receivable | 945.66M | 723.28M | 763.81M | 971.09M | 565.52M | 356.08M |
| Other Receivables | 52.69M | 58.02M | 57.95M | 45.95M | 67.00K | |
| Receivables | 945.66M | 775.96M | 821.82M | 1.03B | 611.47M | 356.15M |
| Inventory | 143.85M | 160.28M | 167.02M | 180.81M | 65.38M | 42.36M |
| Prepaid Expenses | 34.83M | 34.00M | 46.39M | 11.96M | ||
| Restricted Cash | 2.13M | 2.11M | 2.57M | |||
| Other Current Assets | 88.77M | 26.38M | 31.17M | 36.77M | 3.06M | 67.62M |
| Total Current Assets | 1.52B | 1.42B | 1.30B | 1.49B | 829.42M | 583.65M |
| Property, Plant & Equipment | 2.56B | 2.77B | 3.08B | 3.45B | 2.28B | 2.35B |
| Goodwill | 487.39M | 487.39M | 487.39M | 1.38B | ||
| Other Intangible Assets | 727.87M | 814.81M | 929.61M | 1.05B | 5.84M | 7.54M |
| Long-Term Deferred Tax Assets | 3.93M | 3.21M | 3.98M | |||
| Other Long-Term Assets | 161.47M | 81.23M | 39.41M | 47.73M | 23.93M | 11.90M |
| Total Assets | 5.45B | 5.57B | 5.83B | 7.42B | 3.14B | 2.96B |
| Accounts Payable | 553.89M | 470.78M | 421.32M | 534.42M | 237.06M | 190.22M |
| Accrued Expenses | 294.10M | 285.69M | 305.83M | 328.80M | 193.93M | 170.34M |
| Current Portion of Long-Term Debt | 6.39M | 12.23M | ||||
| Current Portion of Leases | 28.94M | 26.37M | 28.54M | 57.52M | 5.12M | 6.89M |
| Current Income Taxes Payable | 3.44M | 4.64M | 232.00K | |||
| Current Unearned Revenue | 79.29M | 75.19M | 98.91M | 110.22M | 60.28M | |
| Other Current Liabilities | 1.51M | 4.72M | 15.11M | 7.88M | ||
| Total Current Liabilities | 876.93M | 863.64M | 841.99M | 1.05B | 550.97M | 435.85M |
| Long-Term Debt | 1.23B | 1.22B | 1.22B | 1.22B | 830.94M | 852.32M |
| Long-Term Leases | 33.06M | 44.52M | 50.80M | 19.59M | 18.11M | |
| Long-Term Unearned Revenue | 200.00K | |||||
| Long-Term Deferred Tax Liabilities | 221.09M | 215.82M | 238.10M | 248.11M | 28.74M | 29.23M |
| Other Long-Term Liabilities | 42.49M | 11.99M | 13.24M | 25.07M | 48.06M | 12.84M |
| Total Liabilities | 2.38B | 2.35B | 2.36B | 2.60B | 1.48B | 1.35B |
| Common Stock | 3.07B | 5.24M | 5.21M | 5.17M | 3.02M | 2.99M |
| Additional Paid-In Capital | 6.49B | 6.45B | 6.41B | 3.20B | 3.17B | |
| Retained Earnings | -1.26B | -1.04B | 57.03M | -87.39M | -198.32M | |
| Treasury Stock | -2.02B | -1.95B | -1.66B | -1.45B | -1.37B | |
| Comprehensive Income & Other | -1.16M | -2.58M | 472.00K | 5.92M | ||
| Total Common Equity | 3.07B | 3.22B | 3.47B | 4.81B | 1.67B | 1.61B |
| Minority Interest | 6.01M | 6.18M | 10.02M | 8.39M | ||
| Shareholders' Equity | 3.08B | 3.22B | 3.48B | 4.82B | 1.67B | 1.61B |
| Total Liabilities & Equity | 5.45B | 5.57B | 5.83B | 7.42B | 3.14B | 2.96B |
| Total Debt | 1.26B | 1.28B | 1.30B | 1.35B | 855.65M | 877.32M |
| Net Cash (Debt) | -924.13M | -861.96M | -1.06B | -1.16B | -718.10M | -759.80M |
| Net Cash Per Share | -2.43 | -2.25 | -2.67 | -4.13 | -3.27 | -3.90 |
| Filing Date Shares Outstanding | 381.10M | 379.58M | 386.39M | 408.19M | 213.66M | 215.27M |
| Total Common Shares Outstanding | 381.10M | 379.30M | 387.34M | 411.20M | 213.57M | 215.14M |
| Working Capital | 640.66M | 554.45M | 453.32M | 435.26M | 278.45M | 147.80M |
| Book Value Per Share | 8.06 | 8.49 | 8.95 | 11.70 | 7.80 | 7.48 |
| Tangible Book Value | 1.86B | 1.92B | 2.05B | 2.38B | 1.66B | 1.60B |
| Tangible Book Value Per Share | 4.87 | 5.05 | 5.29 | 5.79 | 7.77 | 7.45 |
| Land | 39.59M | 37.85M | 38.81M | 23.61M | 24.56M | |
| Buildings | 235.62M | 248.74M | 248.69M | 175.21M | 182.28M | |
| Machinery | 8.38B | 8.55B | 8.63B | 7.55B | 7.74B | |
| Order Backlog | 291.00M | 426.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -24.97M | -93.64M | -968.03M | 246.29M | 154.66M | -654.54M |
| Depreciation & Amortization | 878.70M | 940.26M | 1.06B | 731.42M | 483.94M | 583.08M |
| Loss (Gain) From Sale of Assets | -19.22M | -693.00K | -3.69M | -1.80M | -12.07M | -1.43M |
| Asset Writedown & Restructuring Costs | 999.24M | 266.10M | ||||
| Stock-Based Compensation | 27.46M | 39.29M | 46.35M | 46.75M | 21.10M | 21.56M |
| Other Operating Activities | 6.71M | -20.36M | 7.80M | 50.47M | 5.49M | -63.46M |
| Change in Accounts Receivable | 40.58M | 40.58M | 203.65M | 84.54M | -209.23M | -147.36M |
| Change in Inventory | -1.77M | -1.77M | -11.46M | -30.79M | -23.15M | -2.61M |
| Change in Accounts Payable | 71.29M | 71.29M | -112.86M | -69.73M | 38.99M | 50.94M |
| Change in Other Net Operating Assets | -160.37M | -13.74M | -43.34M | -51.24M | 106.46M | 43.73M |
| Operating Cash Flow | 818.40M | 961.22M | 1.18B | 1.01B | 566.19M | 95.50M |
| Capital Expenditures | -552.42M | -589.03M | -678.39M | -615.69M | -436.80M | -166.32M |
| Sale of Property, Plant & Equipment | 71.53M | 44.12M | 25.83M | 26.47M | 26.07M | 23.34M |
| Cash Acquisitions | 2.98M | -422.50M | -29.36M | |||
| Investment in Securities | -10.50M | -10.50M | ||||
| Other Investing Activities | 4.52M | -11.74M | -5.17M | -5.87M | -2.50M | 40.74M |
| Investing Cash Flow | -486.86M | -567.15M | -654.74M | -1.02B | -413.23M | -131.59M |
| Short-Term Debt Issued | 50.00M | 420.00M | 150.00M | |||
| Long-Term Debt Issued | 396.41M | |||||
| Total Debt Issued | 496.01M | 50.00M | 816.41M | 150.00M | ||
| Short-Term Debt Repaid | -50.00M | -420.00M | -150.00M | |||
| Long-Term Debt Repaid | -7.82M | -45.48M | -23.75M | -19.76M | -50.00M | |
| Total Debt Repaid | -488.56M | -7.82M | -95.48M | -443.75M | -169.76M | -50.00M |
| Net Debt Issued (Repaid) | 7.45M | -7.82M | -45.48M | 372.66M | -19.76M | -50.00M |
| Repurchase of Common Stock | -33.90M | -69.64M | -290.43M | -200.71M | -70.07M | -6.33M |
| Common Dividends Paid | -144.44M | -122.45M | -126.79M | -100.03M | -43.10M | -15.61M |
| Other Financing Activities | -2.87M | -10.82M | -12.29M | -6.35M | -455.00K | |
| Financing Cash Flow | -173.75M | -210.73M | -474.99M | 65.57M | -133.38M | -71.93M |
| Foreign Exchange Rate Adjustments | -5.39M | -3.98M | 2.81M | 1.24M | 449.00K | 640.00K |
| Net Cash Flow | 152.40M | 179.35M | 48.61M | 55.13M | 20.03M | -107.39M |
| Free Cash Flow | 265.98M | 372.19M | 497.15M | 390.22M | 129.39M | -70.82M |
| Free Cash Flow Margin | 5.50% | 7.71% | 9.24% | 9.41% | 4.89% | -5.22% |
| Free Cash Flow Per Share | 0.70 | 0.97 | 1.25 | 1.39 | 0.59 | -0.36 |
| Levered Free Cash Flow | 351.98M | 409.76M | 536.37M | 245.90M | 67.42M | 110.69M |
| Unlevered Free Cash Flow | 399.19M | 453.83M | 581.35M | 278.94M | 92.58M | 136.93M |
| Cash Interest Paid | 66.93M | 66.93M | 68.56M | 39.61M | 39.85M | 40.46M |
| Cash Income Tax Paid | 8.12M | 8.12M | 14.77M | 27.17M | 1.53M | -4.20M |
| Change in Working Capital | -50.27M | 96.36M | 35.99M | -67.22M | -86.93M | -55.29M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.08B | 2.32B | 3.22B | 4.51B | 3.65B | 1.82B |
| Enterprise Value | 6.00B | 3.43B | 4.43B | 5.80B | 4.49B | 2.55B |
| Last Close Price | 13.32 | 5.94 | 7.62 | 9.64 | 14.65 | 7.26 |
| PE Ratio | 18.30 | 23.61 | ||||
| Forward PE | 40.46 | 25.35 | 25.35 | 9.13 | 9.62 | 252.06 |
| PS Ratio | 1.05 | 0.48 | 0.60 | 1.09 | 1.38 | 1.34 |
| PB Ratio | 1.65 | 0.72 | 0.93 | 0.94 | 2.19 | 1.13 |
| P/TBV Ratio | 2.74 | 1.21 | 1.57 | 1.89 | 2.20 | 1.14 |
| P/FCF Ratio | 19.10 | 6.23 | 6.48 | 11.55 | 28.22 | |
| P/OCF Ratio | 6.21 | 2.41 | 2.74 | 4.48 | 6.45 | 19.03 |
| PEG Ratio | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | |
| EV/Sales Ratio | 1.24 | 0.71 | 0.82 | 1.40 | 1.70 | 1.88 |
| EV/EBITDA Ratio | 6.52 | 3.81 | 3.69 | 4.91 | 6.44 | 14.01 |
| EV/EBIT Ratio | 140.37 | 31.08 | 12.88 | 21.06 | ||
| EV/FCF Ratio | 22.57 | 9.21 | 8.91 | 14.85 | 34.68 | |
| Debt / Equity Ratio | 0.41 | 0.40 | 0.37 | 0.28 | 0.51 | 0.55 |
| Debt / EBITDA Ratio | 1.34 | 1.39 | 1.07 | 1.13 | 1.22 | 4.69 |
| Debt / FCF Ratio | 4.75 | 3.44 | 2.61 | 3.45 | 6.61 | |
| Net Debt / Equity Ratio | 0.30 | 0.27 | 0.30 | 0.24 | 0.43 | 0.47 |
| Net Debt / EBITDA Ratio | 1.00 | 0.96 | 0.88 | 0.98 | 1.03 | 4.17 |
| Net Debt / FCF Ratio | 3.47 | 2.32 | 2.13 | 2.96 | 5.55 | -10.73 |
| Asset Turnover | 0.88 | 0.85 | 0.81 | 0.79 | 0.87 | 0.43 |
| Inventory Turnover | 24.51 | 22.34 | 22.54 | 22.84 | 34.28 | 28.68 |
| Quick Ratio | 1.47 | 1.38 | 1.26 | 1.16 | 1.36 | 1.09 |
| Current Ratio | 1.73 | 1.64 | 1.54 | 1.41 | 1.50 | 1.34 |
| Return on Equity (ROE) | -0.77% | -2.78% | -23.30% | 7.58% | 9.45% | -36.25% |
| Return on Assets (ROA) | 0.49% | -0.44% | 1.34% | 5.33% | 4.37% | -8.01% |
| Return on Invested Capital (ROIC) | 1.04% | -0.92% | 2.71% | 8.62% | 8.26% | -15.76% |
| Return on Capital Employed (ROCE) | 0.90% | -0.80% | 2.90% | 7.10% | 8.20% | -15.90% |
| Earnings Yield | -0.49% | -4.04% | -30.05% | 5.46% | 4.24% | -36.01% |
| FCF Yield | 5.24% | 16.06% | 15.43% | 8.66% | 3.54% | -3.90% |
| Dividend Yield | 3.00% | 5.24% | 3.85% | 2.92% | 1.17% | 0.95% |
| Payout Ratio | 40.62% | 27.87% | ||||
| Buyback Yield / Dilution | 1.55% | 3.46% | -41.83% | -27.59% | -12.55% | -3.73% |
| Total Shareholder Return | 4.56% | 8.70% | -37.98% | -24.67% | -11.38% | -2.78% |