PDSNYSEDrilling Oil & Gas WellsFiscal year ends December 31
PRECISION DRILLING Corp
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 9, 2026
$87.17+1.56 (+1.82%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
32.8%−4.9 pts over 5 years
Operating margin
–
Net margin
0.1%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.1% | +4.5% | +14.5% | – | |
| Gross profit | -7.6% | +7.0% | +11.4% | – | |
| Net income | -98.3% | – | – | – | |
| EPS, diluted | -98.2% | – | – | – | |
| Free cash flow | -43.7% | +41.4% | -1.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 0.1% | |
| Return on assets | – | – | 0.1% | |
| Current ratio | 1.96 | 2.05 | 1.62 | |
| Debt to equity | 0.97 | 0.88 | 0.43 | |
| Net debt to EBITDA | 7.60× | 3.16× | – | |
| Interest coverage | -1.1× | 0.4× | – | |
| Inventory turnover | – | 20.1× | 26.9× | |
| Capex to revenue | 20.3% | 6.6% | 14.3% | |
| Diluted shares | 15M | 14M | 13M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Precision Drilling generated C$1.77B from operations and spent C$965.27M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
C$1.77B
Used
C$965.27M
Capital expenditureC$965.27M100%DividendsC$00%Share buybacksC$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.1%
×Asset turnover0.65×
×Equity multiplier1.74×
=Return on equity, FY20250.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.1% | 0.65× | 1.74× | 0.1% |
| FY2024 | 5.8% | 0.64× | 1.84× | 6.8% |
| FY2023 | 14.9% | 0.66× | 2.10× | 20.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zeroC$1.84M
- Cash generatingOperating cash flow above zeroC$412.90M
- Return on assets improvedROA up on the prior year3.7% → 0.1%
- Earnings backed by cashOperating cash flow above net incomeC$412.90M vs C$1.84M
- Less leverageLong-term debt to assets fell27.5% → 24.9%
- Better liquidityCurrent ratio rose1.48 → 1.62
- No dilutionShare count did not rise14M → 13M
- Gross margin improvedGross margin up on the prior year34.36% → 32.76%
- More efficientAsset turnover rose0.63 → 0.62