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Side-by-side financial comparison of PRECISION DRILLING Corp (PDS) and Ultragenyx Pharmaceutical Inc. (RARE). Click either name above to swap in a different company.

PRECISION DRILLING Corp is the larger business by last-quarter revenue ($299.5M vs $207.3M, roughly 1.4× Ultragenyx Pharmaceutical Inc.).

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

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

PDS vs RARE — Head-to-Head

Bigger by revenue
PDS
PDS
1.4× larger
PDS
$299.5M
$207.3M
RARE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PDS
PDS
RARE
RARE
Revenue
$299.5M
$207.3M
Net Profit
$-128.6M
Gross Margin
Operating Margin
-54.7%
Net Margin
-62.0%
Revenue YoY
25.9%
Net Profit YoY
3.5%
EPS (diluted)
$-1.28

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
RARE
RARE
Q4 25
$299.5M
$207.3M
Q3 25
$159.9M
Q2 25
$166.5M
Q1 25
$139.3M
Q4 24
$164.6M
Q3 24
$139.5M
Q2 24
$147.0M
Q1 24
$108.8M
Net Profit
PDS
PDS
RARE
RARE
Q4 25
$-128.6M
Q3 25
$-180.4M
Q2 25
$-115.0M
Q1 25
$-151.1M
Q4 24
$-133.2M
Q3 24
$-133.5M
Q2 24
$-131.6M
Q1 24
$-170.7M
Operating Margin
PDS
PDS
RARE
RARE
Q4 25
-54.7%
Q3 25
-106.9%
Q2 25
-64.8%
Q1 25
-102.6%
Q4 24
-74.3%
Q3 24
-94.6%
Q2 24
-79.1%
Q1 24
-151.9%
Net Margin
PDS
PDS
RARE
RARE
Q4 25
-62.0%
Q3 25
-112.8%
Q2 25
-69.0%
Q1 25
-108.5%
Q4 24
-80.9%
Q3 24
-95.7%
Q2 24
-89.5%
Q1 24
-156.8%
EPS (diluted)
PDS
PDS
RARE
RARE
Q4 25
$-1.28
Q3 25
$-1.81
Q2 25
$-1.17
Q1 25
$-1.57
Q4 24
$-1.34
Q3 24
$-1.40
Q2 24
$-1.52
Q1 24
$-2.03

Balance Sheet & Financial Strength

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

Metric
PDS
PDS
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$421.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-80.0M
Total Assets
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDS
PDS
RARE
RARE
Q4 25
$421.0M
Q3 25
$202.5M
Q2 25
$176.3M
Q1 25
$127.1M
Q4 24
$174.0M
Q3 24
$150.6M
Q2 24
$480.7M
Q1 24
$112.3M
Stockholders' Equity
PDS
PDS
RARE
RARE
Q4 25
$-80.0M
Q3 25
$9.2M
Q2 25
$151.3M
Q1 25
$144.2M
Q4 24
$255.0M
Q3 24
$346.8M
Q2 24
$432.4M
Q1 24
$140.3M
Total Assets
PDS
PDS
RARE
RARE
Q4 25
$1.5B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.6B
Q1 24
$1.3B

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
RARE
RARE
Operating Cash FlowLast quarter
$-99.8M
Free Cash FlowOCF − Capex
$-100.8M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDS
PDS
RARE
RARE
Q4 25
$-99.8M
Q3 25
$-91.4M
Q2 25
$-108.3M
Q1 25
$-166.5M
Q4 24
$-79.3M
Q3 24
$-67.0M
Q2 24
$-77.0M
Q1 24
$-190.7M
Free Cash Flow
PDS
PDS
RARE
RARE
Q4 25
$-100.8M
Q3 25
$-92.7M
Q2 25
$-110.7M
Q1 25
$-167.8M
Q4 24
$-79.5M
Q3 24
$-68.6M
Q2 24
$-79.0M
Q1 24
$-193.9M
FCF Margin
PDS
PDS
RARE
RARE
Q4 25
-48.6%
Q3 25
-58.0%
Q2 25
-66.5%
Q1 25
-120.5%
Q4 24
-48.3%
Q3 24
-49.2%
Q2 24
-53.7%
Q1 24
-178.2%
Capex Intensity
PDS
PDS
RARE
RARE
Q4 25
0.5%
Q3 25
0.8%
Q2 25
1.5%
Q1 25
1.0%
Q4 24
0.1%
Q3 24
1.2%
Q2 24
1.4%
Q1 24
3.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDS
PDS

Segment breakdown not available.

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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