A Business at a Glance
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PATTERSON UTI ENERGY INC
PTEN
$4.0B
Mkt Cap
$10.20
-1.35%
PATTERSON UTI ENERGY INC (PTEN) has a 5-year average return on invested capital (ROIC) of -5.9%. This is below average and may indicate limited pricing power.
PATTERSON UTI ENERGY INC (PTEN) has a market capitalization of $3.9B. It is classified as a mid-cap stock.
Yes, PATTERSON UTI ENERGY INC (PTEN) pays a dividend with a trailing twelve-month yield of 3.35%. The company also returns capital through share buybacks, with a buyback yield of 1.28%.
PATTERSON UTI ENERGY INC (PTEN) operates in the Drilling Oil & Gas Wells industry, within the Energy sector.
PATTERSON UTI ENERGY INC (PTEN) reported annual revenue of $4.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
PATTERSON UTI ENERGY INC (PTEN) has a net profit margin of -1.9%. The company is currently unprofitable.
PATTERSON UTI ENERGY INC (PTEN) generated $372 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Available Information This Report, along with our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, are available free of charge through our internet website (www.patenergy.com) as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. The information contained on our website is not part of this Report or other filings that we make with the SEC. The SEC maintains an internet site (www.sec.gov) that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.7B | 4.8B | 5.4B | 4.1B | 2.6B | 1.4B |
| Net Income | -119M | -94M | -968M | 246M | 155M | -655M |
| EPS | $-0.31 | $-0.24 | $-2.44 | $0.88 | $0.35 | $-1.68 |
| Free Cash Flow | 273M | 372M | 497M | 390M | 129M | -71M |
| ROIC | -1.4% | -2.1% | -18.1% | 6.8% | 8.2% | -24.3% |
| Gross Margin | - | 8.5% | - | 14.9% | 13.9% | - |
| Debt/Equity | 0.39 | 0.39 | 0.37 | 0.27 | 0.51 | 0.55 |
| Dividends/Share | $0.34 | $0.32 | $0.32 | $0.32 | $0.10 | $0.04 |
| Operating Income | -72M | -41M | -890M | 352M | 211M | -678M |
| Operating Margin | -1.5% | -0.8% | -16.5% | 8.5% | 8.0% | -49.9% |
| ROE | -3.8% | -2.8% | -23.4% | 7.6% | 9.4% | -36.1% |
| Shares Outstanding | 380M | 390M | 397M | 280M | 442M | 390M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.2B | 1.9B | 916M | 2.4B | 3.3B | 2.5B | 1.1B | 1.4B | 2.6B | 4.1B | 5.4B | 4.8B | 4.7B |
| Gross Margin | 12.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.9% | 14.9% | N/A | 8.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 80M | 75M | 69M | 106M | 134M | 134M | 98M | 92M | 117M | 170M | 268M | 255M | 257M |
| EBIT | 283M | -407M | -456M | -293M | -322M | -462M | -892M | -678M | 211M | 352M | -890M | -41M | -72M |
| Op. Margin | 8.9% | -21.5% | -49.8% | -12.4% | -9.7% | -18.7% | -79.4% | -49.9% | 8.0% | 8.5% | -16.5% | -0.8% | -1.5% |
| Net Income | 161M | -291M | -319M | 5.7M | -321M | -426M | -804M | -655M | 155M | 246M | -968M | -94M | -119M |
| Net Margin | 5.1% | -15.4% | -34.8% | 0.2% | -9.7% | -17.2% | -71.5% | -48.2% | 5.8% | 5.9% | -18.0% | -1.9% | -2.6% |
| Non-Recurring | 16M | 135M | 15M | 63M | 240M | 32M | 436M | 1.4M | 12M | 1.8M | 889M | 693K | 693K |
| Returns on Capital | |||||||||||||
| ROIC | 4.8% | -8.4% | -10.3% | 0.2% | -7.0% | -10.1% | -23.9% | -24.3% | 8.2% | 6.8% | -18.1% | -2.1% | -1.4% |
| ROE | 5.7% | -10.7% | -13.2% | 0.2% | -8.6% | -13.4% | -33.1% | -36.1% | 9.4% | 7.6% | -23.4% | -2.8% | -3.8% |
| ROA | 3.2% | -5.9% | -7.7% | 0.1% | -5.7% | -8.6% | -20.8% | -20.9% | 5.1% | 4.7% | -14.6% | -1.6% | -2.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 729M | 999M | 305M | 301M | 731M | 696M | 279M | 95M | 566M | 1.0B | 1.2B | 961M | 817M |
| Free Cash Flow | -324M | 256M | 185M | -266M | 89M | 349M | 133M | -71M | 129M | 390M | 497M | 372M | 273M |
| Owner Earnings | 698M | 967M | 273M | 232M | 674M | 639M | 233M | 50M | 544M | 918M | 1.0B | 796M | -5.6B |
| CapEx | 1.1B | 744M | 120M | 567M | 641M | 348M | 145M | 166M | 437M | 616M | 678M | 589M | 544M |
| Maint. CapEx | 3.6M | 3.6M | 3.6M | 24M | 18M | 18M | 19M | 24M | 1.3M | 42M | 124M | 126M | 6.4B |
| Growth CapEx | 1.0B | 740M | 116M | 543M | 623M | 330M | 126M | 142M | 435M | 574M | 554M | 463M | 0 |
| D&A | 3.6M | 3.6M | 3.6M | 24M | 18M | 18M | 19M | 24M | 1.3M | 42M | 124M | 126M | 6.4B |
| CapEx/OCF | 144.4% | 74.4% | 39.3% | 188.6% | 87.8% | 49.9% | 52.2% | 174.2% | 77.1% | 61.2% | 57.7% | 61.3% | 66.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 58M | 59M | 24M | 16M | 31M | 32M | 19M | 16M | 43M | 100M | 127M | 122M | 130M |
| Dividend Yield | 0.9% | 1.5% | 0.5% | 0.2% | 0.5% | 0.9% | 1.3% | 0.6% | 0.7% | 3.0% | 3.5% | 5.0% | 3.3% |
| Share Buybacks | 14M | 8.0M | 3.6M | 6.8M | 162M | 255M | 21M | 6.3M | 70M | 201M | 290M | 70M | 50M |
| Buyback Yield | 0.7% | 0.5% | 0.1% | 0.2% | 8.6% | 14.3% | 2.5% | 0.4% | 2.2% | 7.3% | 9.9% | 3.1% | 1.3% |
| Stock-Based Comp | 27M | 29M | 28M | 44M | 38M | 39M | 27M | 22M | 21M | 47M | 46M | 39M | 31M |
| Debt Repayment | 10M | 28M | 255M | 331M | 347M | 852K | 584K | 0 | 150M | 420M | 50M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 942M | 738M | 563M | 824M | 909M | 829M | 703M | 760M | 718M | 1.1B | 1.0B | 849M | 892M |
| Cash & Equiv. | 43M | 113M | 35M | 43M | 245M | 174M | 225M | 118M | 138M | 190M | 239M | 419M | 335M |
| Long-Term Debt | 670M | 788M | 598M | 599M | 1.1B | 967M | 901M | 852M | 831M | 1.2B | 1.2B | 1.2B | 1.2B |
| Debt/Equity | 0.34 | 0.33 | 0.27 | 0.22 | 0.33 | 0.35 | 0.46 | 0.55 | 0.51 | 0.27 | 0.37 | 0.39 | 0.39 |
| Interest Coverage | 9.5 | -11.2 | -11.3 | -7.8 | -6.2 | -6.1 | -21.9 | -16.1 | 5.2 | 6.7 | -12.4 | -0.6 | -0.6 |
| Equity | 2.9B | 2.6B | 2.2B | 4.0B | 3.5B | 2.8B | 2.0B | 1.6B | 1.7B | 4.8B | 3.5B | 3.2B | 3.2B |
| Total Assets | 5.4B | 4.5B | 3.8B | 5.8B | 5.5B | 4.4B | 3.3B | 3.0B | 3.1B | 7.4B | 5.8B | 5.6B | 5.4B |
| Total Liabilities | 2.5B | 2.0B | 1.5B | 1.8B | 2.0B | 1.6B | 1.3B | 1.3B | 1.5B | 2.6B | 2.4B | 2.3B | 2.2B |
| Intangibles | 10M | 6.4M | 2.7M | 76M | 67M | 49M | 30M | 7.5M | 5.8M | 1.1B | 930M | 815M | 784M |
| Retained Earnings | 2.8B | 2.5B | 2.1B | 2.1B | 1.8B | 1.3B | 472M | -198M | -87M | 57M | -1.0B | -1.3B | -1.3B |
| Working Capital | 341M | 179M | -18M | 201M | 424M | 231M | 204M | 148M | 278M | 435M | 453M | 554M | 602M |
| Current Assets | 909M | 487M | 247M | 747M | 950M | 632M | 478M | 584M | 829M | 1.5B | 1.3B | 1.4B | 1.3B |
| Current Liabilities | 568M | 308M | 265M | 546M | 526M | 401M | 274M | 436M | 551M | 1.1B | 842M | 864M | 720M |
| Per Share Data | |||||||||||||
| EPS | 0.56 | -1.00 | -1.09 | 0.02 | -0.74 | -1.05 | -2.14 | -1.68 | 0.35 | 0.88 | -2.44 | -0.24 | -0.31 |
| Owner EPS | 2.41 | 3.32 | 0.93 | 0.61 | 1.54 | 1.58 | 0.62 | 0.13 | 1.23 | 3.28 | 2.53 | 2.04 | -14.77 |
| Book Value | 10.02 | 8.79 | 7.69 | 10.41 | 8.02 | 6.99 | 5.36 | 4.13 | 3.77 | 17.19 | 8.74 | 8.25 | 8.32 |
| Cash Flow/Share | 2.51 | 3.43 | 1.04 | 0.79 | 1.67 | 1.72 | 0.74 | 0.25 | 1.28 | 3.59 | 2.96 | 2.46 | 16.52 |
| Dividends/Share | 0.20 | 0.20 | 0.08 | 0.04 | 0.07 | 0.08 | 0.05 | 0.04 | 0.10 | 0.32 | 0.32 | 0.32 | 0.34 |
| Shares Out. | 290.1M | 291.5M | 292.3M | 382.7M | 437.3M | 405.4M | 376.4M | 389.6M | 441.9M | 279.9M | 396.7M | 390.1M | 379.6M |
| Valuation | |||||||||||||
| P/E Ratio | 11.9 | N/A | N/A | 624.1 | N/A | N/A | N/A | N/A | 20.5 | 11.2 | N/A | N/A | -32.6 |
| P/FCF | N/A | 13.9 | 34.7 | N/A | 42.1 | 10.2 | 12.8 | N/A | 49.0 | 7.1 | 5.9 | 6.1 | 14.2 |
| EV/EBIT | 10.1 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 17.8 | 11.1 | N/A | N/A | N/A |
| Price/Book | 0.7 | 0.7 | 1.4 | 0.9 | 0.5 | 0.6 | 0.4 | 0.9 | 1.9 | 0.6 | 0.8 | 0.7 | 1.2 |
| Price/Sales | 1.0 | 1.1 | 2.6 | 1.5 | 1.0 | 0.8 | 0.6 | 1.0 | 1.1 | 0.8 | 0.7 | 0.5 | 0.8 |
| FCF Yield | -16.9% | 14.4% | 5.8% | -7.4% | 4.7% | 19.5% | 15.6% | -4.7% | 4.1% | 14.1% | 17.0% | 16.5% | 7.1% |
| Market Cap | 1.9B | 1.8B | 3.2B | 3.6B | 1.9B | 1.8B | 855M | 1.5B | 3.2B | 2.8B | 2.9B | 2.3B | 3.9B |
| Avg. Price | 22.91 | 13.91 | 16.06 | 18.14 | 15.13 | 9.37 | 3.77 | 6.97 | 13.12 | 11.83 | 9.03 | 6.25 | 10.20 |
| Year-End Price | 13.23 | 12.21 | 22.02 | 18.72 | 8.59 | 8.80 | 4.54 | 7.68 | 14.35 | 9.87 | 7.36 | 5.78 | 10.20 |
PATTERSON UTI ENERGY INC passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 10.7x vs a median of 11.5x. The company's 5-year average gross margin is 12.4%. Total shareholder yield (dividends + buybacks) is 4.6%. At current prices, the estimated annualized return to fair value is +10.8%.
PATTERSON UTI ENERGY INC (PTEN) has a debt-to-equity ratio of 0.39. This indicates a conservatively financed balance sheet.
PATTERSON UTI ENERGY INC (PTEN) reported earnings per share (EPS) of $-0.24 in its most recent fiscal year.
PATTERSON UTI ENERGY INC (PTEN) has a return on equity (ROE) of -2.8%. A negative ROE may indicate losses or negative equity.
PATTERSON UTI ENERGY INC (PTEN) has a 5-year average gross margin of 12.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for PATTERSON UTI ENERGY INC (PTEN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PATTERSON UTI ENERGY INC (PTEN) has a book value per share of $8.25, based on its most recent annual SEC filing.
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