Patterson-UTI Energy, Inc. (PTEN) vs Sable Offshore Corp. (SOC)

Patterson-UTI Energy, Inc. and Sable Offshore Corp. are both Oil & Gas Drilling companies. Patterson-UTI Energy, Inc. is the larger, with a market value of $3.8B against $349.2M — 10.8× the size. Sable Offshore Corp. has the higher net margin (0.00% vs −0.52%) and the lower return on invested capital (−18.9% vs 0.66%). Across the 13 metrics below, Patterson-UTI Energy, Inc. leads on 10 and Sable Offshore Corp. on 3.

Valuation

Metric PTEN SOC Oil & Gas Drilling median
P/E n/m n/m —
P/S 0.79 n/m 1.19
P/B 1.24 0.71 1.24
Price to free cash flow 11.35 n/m 14.65
EV/EBITDA 5.14 n/m 6.73
EV/Sales 0.98 n/m 2.12
Earnings yield (0.60%) (186.35%) (0.70%)
Free cash flow yield 8.81% (197.87%) 3.79%

Profitability

Metric PTEN SOC Oil & Gas Drilling median
Gross margin 24.07% — 33.60%
Operating margin 0.86% 0.00% 8.58%
Net margin (0.52%) 0.00% (0.52%)
Free cash flow margin 6.98% 0.00% 6.98%
Return on equity (0.79%) (103.21%) (0.79%)
Return on assets (0.45%) (24.55%) (0.45%)
Return on invested capital 0.66% (18.87%) 2.81%

Growth

Metric PTEN SOC Oil & Gas Drilling median
Revenue growth (TTM) 0.01% — 3.33%
EPS growth (last fiscal year) 90.16% 55.47% (46.88%)
Revenue growth, 5-year CAGR 33.83% — 13.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PTEN SOC Oil & Gas Drilling median
Debt to equity 0.40 2.45 0.59
Current ratio 1.73 0.24 1.76
Net debt to EBITDA 0.90 (2.10) 0.90

Dividend

Metric PTEN SOC Oil & Gas Drilling median
Dividend yield 3.78% — —
Payout ratio — — —

Size

Metric PTEN SOC Oil & Gas Drilling median
Market cap 3.78b 349.20m 3.61b

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