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 $4.2B against $761.7M — 5.5× the size. Sable Offshore Corp. has the higher net margin (0.00% vs −1.92%) and the lower return on invested capital (−18.9% vs −0.75%). 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 0.89 n/m 1.37
P/B 1.34 1.51 1.35
Price to free cash flow 19.94 n/m 15.47
EV/EBITDA 6.23 n/m 8.26
EV/Sales 1.11 n/m 2.31
Earnings yield (2.10%) (84.79%) (2.10%)
Free cash flow yield 5.01% (93.84%) 3.40%

Profitability

Metric PTEN SOC Oil & Gas Drilling median
Gross margin 23.76% — 39.29%
Operating margin (1.06%) 0.00% 7.77%
Net margin (1.92%) 0.00% 0.00%
Free cash flow margin 4.46% 0.00% 4.46%
Return on equity (2.78%) (103.21%) (2.78%)
Return on assets (1.64%) (24.55%) (1.64%)
Return on invested capital (0.75%) (18.87%) 2.29%

Growth

Metric PTEN SOC Oil & Gas Drilling median
Revenue growth (TTM) (6.92%) — 4.14%
EPS growth (last fiscal year) 90.16% 55.47% —
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 0.61
Current ratio 1.75 0.24 1.89
Net debt to EBITDA 0.90 (2.10) 0.90

Dividend

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

Size

Metric PTEN SOC Oil & Gas Drilling median
Market cap 4.21b 761.72m 3.98b

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