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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. In the quarter to June 2026, revenue was flat, EPS grew 61.5%, free cash flow fell 598.2% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.

11.50 0.19 +1.68%
Market cap
$4.3B
P/E
0.0×
Fwd P/E
−75.7×
Dividend yield
3.30%
F-score
6/9
Altman Z
1.24
Beneish M
−3.31
Dividend safety
53/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 33.89
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 — 1 2 — 4 2 — 1 4 —
Insider Ownership 2.07%

Capital & Financial Ratios $m

Market Cap 4,310.00
Revenue 4,672.07
Net Income (89.40)
Free Cash Flow 208.38
Net Debt 1,032.19
Current Ratio 1.75 (at or above 1.5: strong)
Debt/Equity 0.40 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (75.70) (negative: loss-making)
P/S ratio 0.94
P/B ratio 1.41
Past 5Y EPS Growth —
This Y EPS Growth 96.54% (at or above 15%: strong)
Next Y EPS Growth 4,165.41% (at or above 15%: strong)
Next Y revenue growth 2.12%
Next 5Y EPS Growth 14.38%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, 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 44.93%
10-year low 10-year high
P/B against its own 10 years 79.47%
10-year low 10-year high
EV/Sales against its own 10 years 42.20%
10-year low 10-year high
EV/FCF against its own 10 years 88.51%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.38
Annual Dividend Yield 3.30%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.40
0.10
0.10
0.10
2025 0.32
0.08
0.08
0.08
0.08
2024 0.32
0.08
0.08
0.08
0.08
2023 0.32
0.08
0.08
0.08
0.08
2022 0.20
0.04
0.04
0.04
0.08
2021 0.08
0.02
0.02
0.02
0.02
2020 0.10
0.04
0.02
0.02
0.02
2019 0.16
0.04
0.04
0.04
0.04
2018 0.14
0.02
0.04
0.04
0.04
2017 0.08
0.02
0.02
0.02
0.02
2016 0.16
0.10
0.02
0.02
0.02
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 193 241 421 203
Receivables 971 764 723 920
Inventory 181 167 160 141
Other 141 123 114 109
1,486 1,295 1,418 1,372
2023 2024 2025 Q'26
Payables 534 421 471 513
ST’ Debt 12 6 — —
Other — — — —
1,050 842 864 784

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%

Revenue $m

Mar Jun Sep Dec Year
’26 1,117 1,228 — — —
’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 — — —
’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) — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 (0.06) (0.05) — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 10.94 14.83 9.49 7.67 1.61 5.21 8.44 9.70 7.15 5.10

Analyst estimates 2026–2028

Powerpack
High 29.56 29.76 25.03 16.27 10.95 11.27 20.53 17.86 12.65 9.57
People
People Employees 3,600 8,000 8,000 5,800 3,000 5,000 6,500 10,600 9,200 7,900
Revenue/emp, $m 0.25 0.29 0.42 0.43 0.37 0.27 0.41 0.39 0.58 0.61
Income, $m
Income, $m Revenue 916 2,357 3,327 2,471 1,124 1,357 2,648 4,146 5,378 4,827
Gross margin, % 29.16 27.12 27.79 28.21 28.67 20.27 30.26 32.20 27.11 24.24
EBT (496) (328) (367) (530) (931) (720) 168 307 (957) (103)
EBT margin, % (54.18) (13.91) (11.04) (21.47) (82.81) (53.04) 6.34 7.41 (17.79) (2.13)
Net income (319) 6 (321) (426) (804) (655) 155 246 (966) (93)
Depreciation 671 784 1,128 1,023 1,067 849 484 731 2,057 940
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
Earnings (2.18) 0.03 (1.47) (2.10) (4.27) (3.36) 0.72 0.88 (2.44) (0.24)
Cash flow 2.09 1.52 3.34 3.43 1.48 0.49 2.62 3.60 2.96 2.51
Capex (0.67) (2.55) (2.72) (1.49) (0.66) (0.73) (1.90) (2.11) (1.64) (1.42)
Free cash flow 1.42 (1.04) 0.62 1.94 0.82 (0.24) 0.72 1.49 1.32 1.09
Book value 15.38 20.07 16.03 13.96 10.72 8.25 7.71 17.25 8.75 8.41
Shares, m 146 198 219 203 188 195 216 280 397 383
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 22.11 10.51 0.00 0.00
P/S 4.42 1.95 0.68 0.86 0.88 1.21 1.28 0.73 0.61 0.49
P/B 1.80 1.16 0.65 0.75 0.49 1.02 2.04 0.63 0.94 0.73
EV/Sales 5.13 2.22 0.97 1.19 1.49 1.76 1.54 0.99 0.80 0.65
EV/FCF 22.69 (25.52) 23.60 7.44 10.84 (50.33) 26.30 9.80 8.18 7.57
Cash, $m
Cash, $m Operating cash flow 305 301 731 696 279 95 566 1,006 1,176 961
Capex (98) (506) (594) (302) (125) (143) (411) (589) (653) (545)
Free cash flow 207 (205) 137 394 154 (47) 155 417 523 416
Balance, $m
Balance, $m Working capital (18) 201 424 231 204 148 278 435 453 554
Total debt 598 599 1,119 977 908 859 836 1,250 1,236 1,226
Net debt 563 556 874 802 684 742 698 1,057 995 806
Shareholders’ equity 2,249 3,982 3,505 2,834 2,016 1,609 1,666 4,821 3,476 3,225
Returns, %
Returns, % ROA (7.68) 0.12 (5.72) (8.59) (20.77) (20.92) 5.07 4.66 (14.61) (1.64)
ROIC (10.14) (4.03) (4.60) (7.93) (20.66) (18.02) 5.58 3.74 (12.44) (0.63)
ROE (13.25) 0.18 (8.59) (13.43) (33.14) (36.11) 9.44 7.59 (23.34) (2.79)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $6.9B 46.4× 29.7× −15.20% (below 0%: shrinking) n/m −152.06% (below 0%: shrinking) 37.99% 4.23% Compare
RIG Transocean Ltd. $6.2B — (loss-making) 31.8× −2.23% (below 0%: shrinking) n/m +90.18% (above 0%: growing) 100.00% 15.73% Compare
VAL Valaris Limited $5.8B 6.3× 25.3× −12.35% (below 0%: shrinking) −54.94% (below 0%: shrinking) −159.58% (below 0%: shrinking) 22.94% 9.48% Compare
PTEN Patterson-UTI Energy, Inc. $4.3B — (loss-making) — (loss-making) +0.71% (above 0%: growing) n/m −598.20% (below 0%: shrinking) 22.85% (0.57%)
HP Helmerich & Payne, Inc. $3.8B — (loss-making) — (loss-making) −0.58% (below 0%: shrinking) n/m +574.70% (above 0%: growing) 29.52% 18.19% Compare
SDRL Seadrill Limited $2.9B 1,575× 123× +19.10% (above 0%: growing) n/m −258.33% (below 0%: shrinking) 52.12% 16.04% Compare
BORR Borr Drilling Limited $1.4B — (loss-making) — (loss-making) −13.22% (below 0%: shrinking) n/m −323.94% (below 0%: shrinking) 24.62% 0.13% Compare
NBR Nabors Industries Ltd. $1.2B 5.3× — (loss-making) −2.62% (below 0%: shrinking) n/m +135.53% (above 0%: growing) 37.87% 7.05% Compare
SOC Sable Offshore Corp. $637.0M — (loss-making) — — n/m +90.17% (above 0%: growing) 100.00% (48.78%) Compare
Median of peers $3.3B 26.4× 30.8× −2.62% — −30.94% 37.93% 8.27%

All 9 Oil & Gas Drilling stocks →

Patterson-UTI Energy, Inc. (PTEN) key facts

  • Concern: Patterson-UTI Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, down 10.3% from fiscal 2024.
  • Patterson-UTI Energy, Inc. (PTEN) is an Oil & Gas Drilling company in the Energy sector, listed on Nasdaq.
  • As of October 16, 2026, PTEN traded at $11.50, a market capitalization of $4.3 billion.
  • Patterson-UTI Energy, Inc. pays an annual dividend of $0.38 per share, a yield of 3.30%.
  • Return on equity was −2.79% and debt-to-equity 0.40.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.24 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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

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stockrow.com/PTEN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com