Borr Drilling Limited (BORR) vs Patterson-UTI Energy, Inc. (PTEN)

Borr Drilling Limited and Patterson-UTI Energy, Inc. are both Oil & Gas Drilling companies. Patterson-UTI Energy, Inc. is the larger, with a market value of $4.2B against $1.3B — 3.2× the size. Borr Drilling Limited grew revenue faster over the last twelve months: 2.71% against −6.92%. Patterson-UTI Energy, Inc. has the higher net margin (−1.92% vs −24.0%) and the lower return on invested capital (−0.75% vs 4.11%). Both pay a dividend; Patterson-UTI Energy, Inc. yields more (3.05% vs 0.16%). Across the 20 metrics below, Patterson-UTI Energy, Inc. leads on 15 and Borr Drilling Limited on 5.

Valuation

Metric BORR PTEN Oil & Gas Drilling median
P/E n/m n/m —
P/S 1.27 0.89 1.37
P/B 1.35 1.34 1.35
Price to free cash flow n/m 19.94 15.47
EV/EBITDA 9.67 6.23 8.26
EV/Sales 3.63 1.11 2.31
Earnings yield (18.53%) (2.10%) (2.10%)
Free cash flow yield (8.35%) 5.01% 3.40%

Profitability

Metric BORR PTEN Oil & Gas Drilling median
Gross margin 42.08% 23.76% 39.29%
Operating margin 20.84% (1.06%) 7.77%
Net margin (23.98%) (1.92%) 0.00%
Free cash flow margin (10.63%) 4.46% 4.46%
Return on equity (24.68%) (2.78%) (2.78%)
Return on assets (6.91%) (1.64%) (1.64%)
Return on invested capital 4.11% (0.75%) 2.29%

Growth

Metric BORR PTEN Oil & Gas Drilling median
Revenue growth (TTM) 2.71% (6.92%) 4.14%
EPS growth (last fiscal year) (46.88%) 90.16% —
Revenue growth, 5-year CAGR 27.12% 33.83% 13.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BORR PTEN Oil & Gas Drilling median
Debt to equity 2.58 0.40 0.61
Current ratio 2.53 1.75 1.89
Net debt to EBITDA 3.67 0.90 0.90

Dividend

Metric BORR PTEN Oil & Gas Drilling median
Dividend yield 0.16% 3.05% —
Payout ratio 0.00 0.18 0.00

Size

Metric BORR PTEN Oil & Gas Drilling median
Market cap 1.33b 4.21b 3.98b

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