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Side-by-side financial comparison of PRECISION DRILLING Corp (PDS) and PATTERSON UTI ENERGY INC (PTEN). Click either name above to swap in a different company.

PATTERSON UTI ENERGY INC is the larger business by last-quarter revenue ($1.1B vs $299.5M, roughly 3.7× PRECISION DRILLING Corp).

Precision Drilling Corporation is the largest drilling rig contractor in Canada, also providing oil field rental and supplies.

Patterson UTI Energy Inc. is a leading oilfield services provider offering onshore contract drilling, pressure pumping, well completion and related support services. It primarily serves upstream oil and gas operators across North America, operating in major unconventional resource basins including shale and tight gas formations.

PDS vs PTEN — Head-to-Head

Bigger by revenue
PTEN
PTEN
3.7× larger
PTEN
$1.1B
$299.5M
PDS

Income Statement — Q4 2025 vs Q1 2026

Metric
PDS
PDS
PTEN
PTEN
Revenue
$299.5M
$1.1B
Net Profit
$-24.5M
Gross Margin
Operating Margin
Net Margin
-2.2%
Revenue YoY
-12.7%
Net Profit YoY
-166.1%
EPS (diluted)
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PDS
PDS
PTEN
PTEN
Q1 26
$1.1B
Q4 25
$299.5M
$1.1B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.1B
Q3 24
$1.3B
Q2 24
$1.3B
Net Profit
PDS
PDS
PTEN
PTEN
Q1 26
$-24.5M
Q4 25
$-9.2M
Q3 25
$-36.4M
Q2 25
$-49.1M
Q1 25
$1.0M
Q4 24
$-51.4M
Q3 24
$-978.8M
Q2 24
$11.1M
Operating Margin
PDS
PDS
PTEN
PTEN
Q1 26
Q4 25
-0.0%
Q3 25
-2.4%
Q2 25
-2.4%
Q1 25
1.3%
Q4 24
-2.7%
Q3 24
-73.8%
Q2 24
3.4%
Net Margin
PDS
PDS
PTEN
PTEN
Q1 26
-2.2%
Q4 25
-0.8%
Q3 25
-3.1%
Q2 25
-4.1%
Q1 25
0.1%
Q4 24
-4.5%
Q3 24
-72.9%
Q2 24
0.8%
EPS (diluted)
PDS
PDS
PTEN
PTEN
Q1 26
$-0.06
Q4 25
$-0.01
Q3 25
$-0.10
Q2 25
$-0.13
Q1 25
$0.00
Q4 24
$-0.10
Q3 24
$-2.50
Q2 24
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PDS
PDS
PTEN
PTEN
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
Total Assets
$5.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDS
PDS
PTEN
PTEN
Q1 26
Q4 25
$418.5M
Q3 25
$184.8M
Q2 25
$183.8M
Q1 25
$223.1M
Q4 24
$239.2M
Q3 24
$113.4M
Q2 24
$72.4M
Total Debt
PDS
PDS
PTEN
PTEN
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Stockholders' Equity
PDS
PDS
PTEN
PTEN
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.3B
Q1 25
$3.4B
Q4 24
$3.5B
Q3 24
$3.6B
Q2 24
$4.6B
Total Assets
PDS
PDS
PTEN
PTEN
Q1 26
$5.4B
Q4 25
$5.6B
Q3 25
$5.5B
Q2 25
$5.6B
Q1 25
$5.8B
Q4 24
$5.8B
Q3 24
$6.0B
Q2 24
$7.0B
Debt / Equity
PDS
PDS
PTEN
PTEN
Q1 26
Q4 25
0.38×
Q3 25
0.38×
Q2 25
0.37×
Q1 25
0.36×
Q4 24
0.36×
Q3 24
0.35×
Q2 24
0.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PDS
PDS
PTEN
PTEN
Operating Cash FlowLast quarter
$63.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDS
PDS
PTEN
PTEN
Q1 26
$63.9M
Q4 25
$397.5M
Q3 25
$215.8M
Q2 25
$139.7M
Q1 25
$208.1M
Q4 24
$315.8M
Q3 24
$296.3M
Q2 24
$197.5M
Free Cash Flow
PDS
PDS
PTEN
PTEN
Q1 26
Q4 25
$259.0M
Q3 25
$71.3M
Q2 25
$-4.5M
Q1 25
$46.3M
Q4 24
$175.5M
Q3 24
$115.7M
Q2 24
$67.0M
FCF Margin
PDS
PDS
PTEN
PTEN
Q1 26
Q4 25
22.6%
Q3 25
6.1%
Q2 25
-0.4%
Q1 25
3.7%
Q4 24
15.3%
Q3 24
8.6%
Q2 24
5.0%
Capex Intensity
PDS
PDS
PTEN
PTEN
Q1 26
4.9%
Q4 25
12.1%
Q3 25
12.3%
Q2 25
11.9%
Q1 25
12.8%
Q4 24
12.2%
Q3 24
13.5%
Q2 24
9.8%
Cash Conversion
PDS
PDS
PTEN
PTEN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
207.11×
Q4 24
Q3 24
Q2 24
17.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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