NYSE : PDS
Precision Drilling Corporation — Financial statements
Energy · Oil & Gas Drilling · Canada
Last price 105.8 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.33B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Precision Drilling Corporation (PDS) reported revenue of 1.99B CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.99B | 1.84B | 1.90B | 1.94B | 1.62B | 986.85M |
| Cost of Revenue | 1.39B | 1.24B | 1.25B | 1.20B | 1.12B | 719.14M |
| Gross Profit | 600.66M | 604.05M | 653.64M | 733.31M | 492.59M | 267.70M |
| Selling, General & Admin | 128.15M | 114.44M | 132.42M | 118.19M | 180.99M | 98.93M |
| Operating Expenses | 466.27M | 432.34M | 441.74M | 415.75M | 460.02M | 381.26M |
| Operating Income | 134.39M | 171.71M | 211.91M | 317.56M | 32.57M | -113.55M |
| Interest Expense | -51.82M | -58.81M | -71.97M | -84.81M | -88.14M | -91.64M |
| Interest & Investment Income | 1.90M | 1.62M | 2.22M | 1.39M | 323.00K | 210.00K |
| Currency Exchange Gain (Loss) | -356.00K | 1.21M | -2.26M | 1.67M | -1.28M | -393.00K |
| Other Non Operating Income (Expenses) | -67.08M | -67.08M | ||||
| EBT Excluding Unusual Items | 17.03M | 48.64M | 139.90M | 235.81M | -56.52M | -205.38M |
| Gain (Loss) on Sale of Investments | -463.00K | -1.34M | -1.48M | -6.81M | 12.45M | -400.00K |
| Gain (Loss) on Sale of Assets | 1.00M | 8.62M | 16.15M | 14.88M | 29.93M | 8.52M |
| Other Unusual Items | 21.90M | 14.48M | ||||
| Pretax Income | 17.57M | 55.92M | 154.56M | 265.78M | -14.14M | -182.78M |
| Income Tax Expense | 21.20M | 52.83M | 43.23M | -23.46M | 20.15M | -5.40M |
| Earnings From Continuing Operations | -3.63M | 3.09M | 111.33M | 289.24M | -34.29M | -177.39M |
| Minority Interest in Earnings | -1.45M | -1.25M | -135.00K | |||
| Net Income | -5.08M | 1.84M | 111.19M | 289.24M | -34.29M | -177.39M |
| Net Income to Common | -5.08M | 1.84M | 111.19M | 289.24M | -34.29M | -177.39M |
| Shares Outstanding (Basic) | 12.90M | 13.33M | 14.23M | 13.75M | 13.55M | 13.31M |
| Shares Outstanding (Diluted) | 12.90M | 13.34M | 14.23M | 15.29M | 13.55M | 13.31M |
| EPS (Basic) | -0.39 | 0.14 | 7.81 | 21.03 | -2.53 | -13.32 |
| EPS (Diluted) | -0.39 | 0.14 | 7.81 | 19.53 | -2.53 | -13.32 |
| Free Cash Flow | 100.39M | 149.42M | 265.44M | 275.61M | 52.85M | 63.28M |
| Free Cash Flow Per Share | 7.79 | 11.20 | 18.65 | 18.03 | 3.90 | 4.75 |
| Gross Margin | 30.20% | 32.76% | 34.36% | 37.84% | 30.46% | 27.13% |
| Operating Margin | 6.76% | 9.31% | 11.14% | 16.39% | 2.01% | -11.51% |
| Profit Margin | -0.26% | 0.10% | 5.85% | 14.93% | -2.12% | -17.97% |
| Free Cash Flow Margin | 5.05% | 8.11% | 13.95% | 14.22% | 3.27% | 6.41% |
| EBITDA | 459.15M | 476.26M | 508.03M | 603.35M | 300.67M | 158.48M |
| EBITDA Margin | 23.08% | 25.83% | 26.71% | 31.14% | 18.59% | 16.06% |
| D&A For EBITDA | 324.76M | 304.55M | 296.12M | 285.79M | 268.10M | 272.04M |
| EBIT | 134.39M | 171.71M | 211.91M | 317.56M | 32.57M | -113.55M |
| EBIT Margin | 6.76% | 9.31% | 11.14% | 16.39% | 2.01% | -11.51% |
| Effective Tax Rate | 120.66% | 94.47% | 27.97% |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.18M | 85.78M | 73.77M | 54.18M | 21.59M | 40.59M |
| Cash & Short-Term Investments | 23.18M | 85.78M | 73.77M | 54.18M | 21.59M | 40.59M |
| Accounts Receivable | 422.73M | 274.36M | 296.68M | 334.50M | 322.77M | 179.63M |
| Receivables | 422.73M | 274.36M | 296.68M | 334.50M | 322.77M | 179.63M |
| Inventory | 56.73M | 48.99M | 43.30M | 35.27M | 35.16M | 23.43M |
| Prepaid Expenses | 77.78M | 82.03M | 86.92M | 91.15M | 76.11M | |
| Other Current Assets | 5.50M | |||||
| Total Current Assets | 502.63M | 486.92M | 501.28M | 510.88M | 470.67M | 319.76M |
| Property, Plant & Equipment | 2.24B | 2.22B | 2.42B | 2.40B | 2.36B | 2.31B |
| Long-Term Investments | 6.75M | 7.57M | 8.46M | 9.97M | 20.45M | 7.38M |
| Other Intangible Assets | 6.80M | 9.47M | 13.00M | 16.47M | 18.17M | 21.85M |
| Long-Term Accounts Receivable | 3.87M | 4.47M | 4.81M | 5.00M | ||
| Long-Term Deferred Tax Assets | 4.13M | 2.23M | 6.56M | 73.66M | 455.00K | 867.00K |
| Long-Term Deferred Charges | 843.00K | 1.41M | 2.07M | |||
| Other Long-Term Assets | 682.00K | 1.60M | ||||
| Total Assets | 2.77B | 2.73B | 2.96B | 3.02B | 2.88B | 2.66B |
| Accounts Payable | 317.79M | 120.39M | 113.34M | 151.35M | 136.36M | 90.75M |
| Accrued Expenses | 99.84M | 130.68M | 138.35M | 153.93M | 133.37M | |
| Current Portion of Long-Term Debt | 2.85M | 2.29M | 2.22M | |||
| Current Portion of Leases | 19.52M | 17.78M | 20.56M | 17.39M | 12.70M | 10.94M |
| Current Income Taxes Payable | 1.48M | 1.67M | 3.78M | 3.03M | 2.99M | 839.00K |
| Current Unearned Revenue | 26.80M | 36.16M | 46.06M | |||
| Other Current Liabilities | 33.61M | 34.18M | 14.99M | 101.76M | ||
| Total Current Liabilities | 338.78M | 300.10M | 338.69M | 374.01M | 410.03M | 238.12M |
| Long-Term Debt | 629.12M | 679.29M | 812.47M | 914.83M | 1.09B | 1.11B |
| Long-Term Leases | 51.01M | 47.17M | 54.57M | 57.12M | 52.98M | 45.82M |
| Long-Term Deferred Tax Liabilities | 116.13M | 90.76M | 47.45M | 73.52M | 28.95M | 12.22M |
| Other Long-Term Liabilities | 18.35M | 20.48M | 21.14M | 23.89M | 67.67M | 33.24M |
| Total Liabilities | 1.15B | 1.14B | 1.27B | 1.44B | 1.65B | 1.44B |
| Common Stock | 2.17B | 2.24B | 2.30B | 2.37B | 2.30B | 2.28B |
| Additional Paid-In Capital | 81.09M | 79.27M | 77.56M | 75.09M | 72.56M | 76.31M |
| Retained Earnings | -838.09M | -898.99M | -900.83M | -1.01B | -1.30B | -1.27B |
| Comprehensive Income & Other | 189.70M | 165.02M | 199.02M | 147.48M | 159.71M | 134.78M |
| Total Common Equity | 1.61B | 1.58B | 1.68B | 1.58B | 1.23B | 1.23B |
| Minority Interest | 5.21M | 4.82M | 4.53M | |||
| Shareholders' Equity | 1.61B | 1.59B | 1.68B | 1.58B | 1.23B | 1.23B |
| Total Liabilities & Equity | 2.77B | 2.73B | 2.96B | 3.02B | 2.88B | 2.66B |
| Total Debt | 699.64M | 744.24M | 887.59M | 992.19M | 1.15B | 1.17B |
| Net Cash (Debt) | -676.47M | -658.46M | -813.82M | -938.01M | -1.13B | -1.13B |
| Net Cash Per Share | -52.46 | -49.36 | -57.17 | -61.36 | -83.59 | -84.51 |
| Filing Date Shares Outstanding | 12.54M | 12.95M | 13.64M | 14.48M | 13.77M | 13.57M |
| Total Common Shares Outstanding | 12.59M | 12.93M | 13.78M | 14.34M | 13.56M | 13.30M |
| Working Capital | 163.85M | 186.81M | 162.59M | 136.87M | 60.64M | 81.64M |
| Book Value Per Share | 127.71 | 122.49 | 121.74 | 109.91 | 90.76 | 92.12 |
| Tangible Book Value | 1.60B | 1.57B | 1.66B | 1.56B | 1.21B | 1.20B |
| Tangible Book Value Per Share | 127.17 | 121.76 | 120.79 | 108.76 | 89.42 | 90.47 |
| Land | 28.96M | 36.85M | 43.24M | 32.59M | 31.42M | |
| Buildings | 116.76M | 126.64M | 124.83M | 114.32M | 119.52M | |
| Machinery | 6.65B | 7.05B | 6.62B | 6.64B | 6.28B | |
| Construction In Progress | 142.26M | 133.54M | 126.87M | 117.53M | 67.88M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.08M | 1.84M | 111.19M | 289.24M | -34.29M | -177.39M |
| Depreciation & Amortization | 334.57M | 314.35M | 305.79M | 294.09M | 275.37M | 278.61M |
| Other Amortization | 6.20M | 6.58M | 7.23M | 7.21M | 6.84M | 13.59M |
| Loss (Gain) From Sale of Assets | -1.00M | -8.62M | -16.15M | -24.47M | -29.93M | -8.52M |
| Loss (Gain) From Sale of Investments | 463.00K | 1.34M | 1.48M | 6.81M | -12.45M | 400.00K |
| Stock-Based Compensation | 18.90M | 14.52M | 18.89M | 6.66M | 60.09M | 31.95M |
| Other Operating Activities | 85.64M | 105.41M | 34.93M | -46.14M | 17.36M | 13.59M |
| Change in Other Net Operating Assets | -34.04M | -22.53M | 18.71M | -32.84M | -45.89M | -13.02M |
| Operating Cash Flow | 405.65M | 412.90M | 482.08M | 500.57M | 237.10M | 139.22M |
| Capital Expenditures | -305.26M | -263.47M | -216.65M | -224.96M | -184.25M | -75.94M |
| Sale of Property, Plant & Equipment | 36.37M | 39.04M | 30.39M | 23.84M | 37.20M | 13.09M |
| Cash Acquisitions | -28.65M | -10.20M | ||||
| Sale (Purchase) of Intangibles | -24.00K | -24.00K | -51.00K | -1.79M | ||
| Investment in Securities | -298.00K | -21.00K | 2.90M | 4.67M | -617.00K | -3.50M |
| Other Investing Activities | 6.15M | 15.31M | -20.38M | 11.85M | 13.45M | 9.74M |
| Investing Cash Flow | -262.08M | -208.32M | -202.99M | -214.78M | -144.41M | -56.61M |
| Long-Term Debt Issued | 148.78M | 27.98M | 162.65M | 144.89M | 696.34M | |
| Long-Term Debt Repaid | -264.31M | -217.59M | -384.66M | -257.88M | -831.60M | |
| Lease Payments | -15.86M | -14.87M | -13.27M | -9.42M | -7.13M | -6.73M |
| Net Debt Issued (Repaid) | -90.93M | -115.53M | -189.61M | -222.01M | -112.99M | -135.26M |
| Issuance of Common Stock | 405.00K | 418.00K | 686.00K | 9.83M | ||
| Repurchase of Common Stock | -68.15M | -75.62M | -75.49M | -29.95M | -10.01M | -4.29M |
| Other Financing Activities | -898.00K | -1.55M | 3.03M | -10.36M | ||
| Financing Cash Flow | -159.57M | -192.28M | -261.38M | -251.97M | -113.17M | -149.91M |
| Foreign Exchange Rate Adjustments | 864.00K | -284.00K | 1.88M | -1.23M | 1.48M | -883.00K |
| Net Cash Flow | -15.13M | 12.01M | 19.59M | 32.59M | -19.00M | -68.18M |
| Free Cash Flow | 100.39M | 149.42M | 265.44M | 275.61M | 52.85M | 63.28M |
| Free Cash Flow Margin | 5.05% | 8.11% | 13.95% | 14.22% | 3.27% | 6.41% |
| Free Cash Flow Per Share | 7.79 | 11.20 | 18.65 | 18.03 | 3.90 | 4.75 |
| Levered Free Cash Flow | 102.36M | 142.31M | 224.74M | 206.20M | 197.07M | 187.15M |
| Unlevered Free Cash Flow | 132.10M | 176.04M | 266.02M | 255.46M | 248.98M | 234.55M |
| Free Cash Flow After Leases | 84.53M | 134.56M | 252.16M | 266.19M | 45.72M | 56.56M |
| Cash Interest Paid | 49.77M | 63.49M | 72.24M | 83.04M | 85.68M | 67.26M |
| Cash Income Tax Paid | 3.09M | 5.57M | 6.37M | 3.08M | 3.24M | 5.95M |
| Change in Working Capital | -34.04M | -22.53M | 18.71M | -32.84M | -45.89M | -13.02M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.23B | 946.27M | 859.46M | 793.12M | 1.04B | 469.84M |
| Enterprise Value | 1.72B | 1.47B | 1.44B | 1.54B | 1.97B | 1.39B |
| Last Close Price | 97.69 | 71.88 | 61.07 | 54.29 | 76.70 | 35.43 |
| PE Ratio | 704.37 | 11.12 | 3.62 | |||
| PS Ratio | 0.88 | 0.70 | 0.65 | 0.54 | 0.87 | 0.60 |
| PB Ratio | 1.08 | 0.82 | 0.73 | 0.67 | 1.14 | 0.48 |
| P/TBV Ratio | 1.09 | 0.82 | 0.74 | 0.67 | 1.16 | 0.49 |
| P/FCF Ratio | 17.10 | 8.68 | 4.66 | 3.80 | 26.52 | 9.39 |
| P/OCF Ratio | 4.23 | 3.14 | 2.56 | 2.09 | 5.91 | 4.27 |
| EV/Sales Ratio | 1.22 | 1.09 | 1.09 | 1.05 | 1.65 | 1.78 |
| EV/EBITDA Ratio | 5.30 | 4.24 | 4.09 | 3.37 | 8.88 | 11.11 |
| EV/EBIT Ratio | 18.12 | 11.75 | 9.81 | 6.40 | 82.00 | |
| EV/FCF Ratio | 23.90 | 13.50 | 7.83 | 7.38 | 50.53 | 27.81 |
| Debt / Equity Ratio | 0.43 | 0.47 | 0.53 | 0.63 | 0.94 | 0.95 |
| Debt / EBITDA Ratio | 1.49 | 1.53 | 1.71 | 1.62 | 3.75 | 7.06 |
| Debt / FCF Ratio | 6.97 | 4.98 | 3.34 | 3.60 | 21.83 | 18.42 |
| Net Debt / Equity Ratio | 0.42 | 0.41 | 0.48 | 0.59 | 0.92 | 0.92 |
| Net Debt / EBITDA Ratio | 1.47 | 1.38 | 1.60 | 1.55 | 3.77 | 7.10 |
| Net Debt / FCF Ratio | 6.74 | 4.41 | 3.07 | 3.40 | 21.42 | 17.78 |
| Asset Turnover | 0.71 | 0.65 | 0.64 | 0.66 | 0.58 | 0.35 |
| Inventory Turnover | 26.96 | 26.86 | 31.79 | 34.21 | 38.39 | 28.93 |
| Quick Ratio | 1.32 | 1.20 | 1.09 | 1.04 | 0.84 | 0.93 |
| Current Ratio | 1.48 | 1.62 | 1.48 | 1.37 | 1.15 | 1.34 |
| Return on Equity (ROE) | -0.22% | 0.19% | 6.83% | 20.61% | -2.79% | -13.48% |
| Return on Assets (ROA) | 3.02% | 3.78% | 4.43% | 6.73% | 0.73% | -2.55% |
| Return on Invested Capital (ROIC) | -1.23% | 0.40% | 6.09% | 13.02% | 1.38% | -4.59% |
| Return on Capital Employed (ROCE) | 5.50% | 7.10% | 8.10% | 12.00% | 1.30% | -4.70% |
| Earnings Yield | -0.29% | 0.14% | 8.99% | 27.62% | -2.45% | -29.83% |
| FCF Yield | 5.85% | 11.52% | 21.46% | 26.31% | 3.77% | 10.64% |
| Buyback Yield / Dilution | 8.21% | 6.27% | 6.89% | -12.85% | -1.74% | 2.97% |
| Total Shareholder Return | 8.21% | 6.27% | 6.89% | -12.85% | -1.74% | 2.97% |