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Patterson-UTI Energy, Inc.

PTEN Energy Oil & Gas Drilling

Patterson-UTI Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, down 10.3% from fiscal 2024.

Revenue
+14.1%
EPS
+170.0%
Free cash flow
+169.6%
Total debt
+0.73%

Quarter to September 2026, against a year earlier

10.05 0.60 −5.63%
Market cap
$3.8B
P/E
0.0×
Fwd P/E
−444×
Dividend yield
3.78%
F-score
6/9
Altman Z
1.24
Beneish M
−3.31
Dividend safety
53/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 33.89
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 1 2 — 4 2 — 1 4 — —
Insider Ownership 2.81%

Capital & Financial Ratios $m

Size
Market Cap 3,780.00
Revenue ttm 4,838.35
Net income ttm (24.31)
Free cash flow ttm 337.52
Net debt Q 896.21
Valuation
P/E 0.00
Forward P/E (444.00) (negative: loss-making)
Price / sales 0.79
Forward P/S Powerpack
Price / FCF 11.35
Price / book 1.24
Financial health
Current ratio Q 1.73 (at or above 1.5: strong)
Debt / equity Q 0.40 (at or below 0.5: strong)
Interest coverage Q 3.17
Growth
Revenue growth Q +14.14% (above 0%: growing)
Operating income growth Q +325.54% (above 0%: growing)
EPS, this year +111.33% (at or above 15%: strong)
EPS, next year A +1,526.06% (at or above 15%: strong)
Revenue, next year A +4.61%
EPS, past 5 yrs —
EPS, next 5 yrs A +14.38%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 1.3×; over the ten years it ranged from 0.6× in 2020 to 5.2× in 2017.
P/S against its own 10 years 31.94%
10-year low 10-year high
P/B against its own 10 years 71.65%
10-year low 10-year high
EV/Sales against its own 10 years 26.88%
10-year low 10-year high
EV/FCF against its own 10 years 59.83%
10-year low 10-year high

Dividends

Yield
3.78%
Annual rate
0.38
Payout ratio
—
Growth, 2017–25
+18.9%/yr
  1. 0.08 ’17
  2. 0.14 ’18 +75
  3. 0.16 ’19 +14
  4. 0.10 ’20 −38
  5. 0.08 ’21 −20
  6. 0.20 ’22 +150
  7. 0.32 ’23 +60
  8. 0.32 ’24 +0
  9. 0.32 ’25 +0
  10. 0.40 ’26e +25
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 193 241 421 339
Receivables 971 764 723 946
Inventory 181 167 160 144
Other 141 123 114 89
1,486 1,295 1,418 1,518
2023 2024 2025 Q'26
Payables 534 421 471 554
ST’ Debt 12 6 — —
Other — — — —
1,050 842 864 877

Compound Annual Growth %

10y 5y 3y
Sales 9.82% 33.83% 22.16%
Cash Flow (0.39%) 28.08% 19.29%
Earnings 0.00% 0.00% 0.00%
Book Value 2.33% 9.85% 24.64%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.04 Actual 0.04

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.11 −0.02 Beat by 0.09
Q1 FY26 −0.10 −0.06 Beat by 0.04
Q2 FY26 −0.03 0.00 Beat by 0.03
Q3 FY26 0.04 0.04 Met by 0.00
Q4 FY26 0.04 — Reports 3 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.06) (0.05) 0.07 — —
’25 0.00 (0.13) (0.10) (0.02) (0.24)
’24 0.13 0.03 (2.50) (0.13) (2.44)
’23 0.46 0.40 0.00 0.15 0.88
’22 (0.13) 0.10 0.28 0.46 0.70
’21 (0.57) (0.55) (0.44) (1.68) (3.36)
’20 (2.28) (0.81) (0.60) (0.57) (4.27)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,117 1,228 1,342 — —
’25 1,281 1,219 1,176 1,151 4,827
’24 1,510 1,348 1,357 1,162 5,378
’23 792 759 1,011 1,584 4,146
’22 509 622 728 788 2,648
’21 241 292 358 466 1,357
’20 446 250 207 221 1,124
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 64 56 301 — —
’25 208 140 216 398 961
’24 366 198 296 316 1,176
’23 234 163 156 453 1,006
’22 34 51 178 303 566
’21 9 36 7 44 95
’20 73 146 64 (4) 279
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (41) (97) 205 — —
’25 51 20 76 270 416
’24 141 74 121 187 523
’23 118 37 7 254 417
’22 (58) (33) 57 189 155
’21 (7) 10 (21) (29) (47)
’20 6 99 61 (12) 154
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 916 2,357 3,327 2,471 1,124 1,357 2,648 4,146 5,378 4,827 4,838 +20.3% 5,049 5,401 5,578 +4.9%
Gross margin, % 29.16 27.12 27.79 28.21 28.67 20.27 30.26 32.20 27.11 24.24 24.07 (4.9) pt
EBT (496) (328) (367) (530) (931) (720) 168 307 (957) (103) (24) (16.0%)
EBT margin, % (54.18) (13.91) (11.04) (21.47) (82.81) (53.04) 6.34 7.41 (17.79) (2.13) (0.50) +52.1 pt
Net income (319) 6 (321) (426) (804) (655) 155 246 (966) (93) (24) (12.8%)
Per share, $
Per share, $ Revenue 6.27 11.88 15.22 12.17 5.98 6.96 12.26 14.84 13.54 12.59 12.70 +8.1%
Earnings (2.18) 0.03 (1.47) (2.10) (4.27) (3.36) 0.72 0.88 (2.44) (0.24) (0.06) (21.7%)
Cash flow 2.09 1.52 3.34 3.43 1.48 0.49 2.62 3.60 2.96 2.51 2.15 +2.1%
Capex (0.67) (2.55) (2.72) (1.49) (0.66) (0.73) (1.90) (2.11) (1.64) (1.42) (1.26) +8.7%
Free cash flow 1.42 (1.04) 0.62 1.94 0.82 (0.24) 0.72 1.49 1.32 1.09 0.89 (2.9%)
Book value 15.38 20.07 16.03 13.96 10.72 8.25 7.71 17.25 8.75 8.41 8.07 (6.5%)
Shares, m 146 198 219 203 188 195 216 280 397 383 381 +11.3%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 22.11 10.53 0.00 0.00 0.00 3.3
P/S 4.42 1.95 0.68 0.86 0.88 1.21 1.28 1.09 0.61 0.49 0.79 1.3
P/B 1.80 1.16 0.65 0.75 0.49 1.02 2.04 0.94 0.94 0.73 1.24 1.1
EV/Sales 5.13 2.22 0.97 1.19 1.49 1.76 1.54 1.35 0.80 0.65 0.98 1.7
EV/FCF 22.69 (25.52) 23.60 7.44 10.84 (50.33) 26.30 13.40 8.18 7.57 14.01 4.4
Cash, $m
Cash, $m Operating cash flow 305 301 731 696 279 95 566 1,006 1,176 961 818 +13.6%
Capex (98) (506) (594) (302) (125) (143) (411) (589) (653) (545) (481) +21.0%
Free cash flow 207 (205) 137 394 154 (47) 155 417 523 416 338 +8.1%
Balance, $m
Balance, $m Working capital (18) 201 424 231 204 148 278 435 453 554 641 n/m
Net debt 563 556 874 802 684 742 698 1,057 995 806 896 +4.1%
Shareholders’ equity 2,249 3,982 3,505 2,834 2,016 1,609 1,666 4,821 3,476 3,225 3,077 +4.1%
Returns, %
Returns, % ROA (7.68) 0.12 (5.72) (8.59) (20.77) (20.92) 5.07 4.66 (14.61) (1.64) (0.45) +6.0 pt
ROIC (10.14) (4.03) (4.60) (7.93) (20.66) (18.02) 5.58 3.74 (12.44) (0.63) 0.66 +9.5 pt
ROE (13.25) 0.18 (8.59) (13.43) (33.14) (36.11) 9.44 7.59 (23.34) (2.79) (0.79) +10.5 pt
People
People Employees 3,600 8,000 8,000 5,800 3,000 5,000 6,500 10,600 9,200 7,900 — +9.1%
Revenue/emp, $m 0.25 0.29 0.42 0.43 0.37 0.27 0.41 0.39 0.58 0.61 — +10.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Patterson-UTI Energy, Inc. vs peers in Oil & Gas Drilling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NE Noble Corporation PLC $6.4B 116× — (loss-making) −8.68% (below 0%: shrinking) n/m −116.84% (below 0%: shrinking) 35.71% 8.24% Compare
RIG Transocean Ltd. $5.7B 20.3× 22.1× −8.85% (below 0%: shrinking) n/m −49.44% (below 0%: shrinking) 100.00% 15.26% Compare
VAL Valaris Limited $5.4B 6.8× 30.5× −0.35% (below 0%: shrinking) −74.70% (below 0%: shrinking) −105.11% (below 0%: shrinking) 29.70% 13.70% Compare
PTEN Patterson-UTI Energy, Inc. $3.8B — (loss-making) — (loss-making) +14.14% (above 0%: growing) n/m +169.62% (above 0%: growing) 25.09% 4.71%
HP Helmerich & Payne, Inc. $3.5B — (loss-making) — (loss-making) −0.58% (below 0%: shrinking) n/m +574.70% (above 0%: growing) 29.52% 18.19% Compare
SDRL Seadrill Limited $2.6B — (loss-making) 119× +17.91% (above 0%: growing) n/m +2,066.67% (above 0%: growing) 0.00% 10.28% Compare
NBR Nabors Industries Ltd. $1.1B — (loss-making) — (loss-making) +6.16% (above 0%: growing) −93.96% (below 0%: shrinking) +135.53% (above 0%: growing) 38.77% 8.96% Compare
BORR Borr Drilling Limited $962.6M — (loss-making) — (loss-making) −13.22% (below 0%: shrinking) n/m −323.94% (below 0%: shrinking) 24.62% 0.13% Compare
SOC Sable Offshore Corp. $349.2M — (loss-making) — — n/m +90.17% (above 0%: growing) 100.00% (48.78%) Compare
Median of peers $3.0B 20.3× 30.5× −0.58% — +20.36% 32.70% 9.62%

All 9 Oil & Gas Drilling stocks →

Pay and ownership Proxy statement filed 13 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 12.08m 8.22m 133.00
2024 12.05m 6.37m 170.00
2023 8.28m (9.50m) 215.00
2022 10.97m 32.68m 327.00
2021 8.02m 14.74m 162.00

Ownership

Directors and executive officers, together 2.20%
BlackRock, Inc. 14.60%
Blackstone 7.40%
Dimensional Fund Advisors LP 5.60%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Patterson-UTI Energy, Inc. (PTEN) Latest News

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PTEN metrics, ten years each

stockrow.com/PTEN · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com