PTENNasdaqDrilling Oil & Gas WellsFiscal year ends December 31
PATTERSON UTI ENERGY INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$12.05+0.55 (+4.78%)
Close on Oct 19, 2026
- Market cap
- $4.58B
- P/E (TTM)
- –
- Dividend yield
- 2.66%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
-0.8%+78.5 pts over 5 years
Net margin
-1.9%+69.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -10.3% | +22.2% | +33.8% | +9.8% | |
| Free cash flow | -25.1% | +42.2% | +22.8% | +3.8% | |
| Dividend per share | 0.0% | +17.0% | +26.2% | -2.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -13.2% | -33.1% | -2.8% | |
| Return on assets | -7.7% | -20.8% | -1.6% | |
| Current ratio | 0.93 | 1.75 | 1.64 | |
| Debt to equity | 0.27 | 0.45 | 0.38 | |
| Interest coverage | -11.3× | -21.9× | -0.6× | |
| Capex to revenue | 13.1% | 12.9% | 12.2% | |
| Diluted shares | 146M | 0M | 383M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Patterson Uti Energy generated $3.80B from operations and spent $3.53B on capital expenditure, dividends and share buybacks. 70% of that went back into the business.
Generated
$3.80B
Used
$3.53B
Capital expenditure$2.49B70%Dividends$407.98M12%Share buybacks$637.17M18%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.9%
×Asset turnover0.85×
×Equity multiplier1.71×
=Return on equity, FY2025-2.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.9% | 0.85× | 1.71× | -2.8% |
| FY2024 | -18.0% | 0.81× | 1.60× | -23.4% |
| FY2023 | 5.9% | 0.79× | 1.63× | 7.6% |
| FY2022 | 5.8% | 0.87× | 1.86× | 9.4% |
| FY2021 | -48.2% | 0.43× | 1.73× | -36.1% |
| FY2020 | -71.5% | 0.29× | 1.60× | -33.1% |
| FY2019 | -17.2% | 0.50× | 1.56× | -13.4% |
| FY2018 | -9.7% | 0.59× | 1.50× | -8.6% |
| FY2017 | 0.3% | 0.49× | 1.53× | 0.2% |
| FY2016 | -34.8% | 0.22× | 1.71× | -13.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$93.64M
- Cash generatingOperating cash flow above zero$961.22M
- Return on assets improvedROA up on the prior year-13.0% → -1.6%
- Earnings backed by cashOperating cash flow above net income$961.22M vs -$93.64M
- Less leverageLong-term debt to assets fell20.9% → 21.9%
- Better liquidityCurrent ratio rose1.54 → 1.64
- No dilutionShare count did not rise397M → 383M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.72 → 0.83