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

RLI CORP is the larger business by last-quarter revenue ($465.7M vs $299.5M, roughly 1.6× PRECISION DRILLING Corp).

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

RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.

PDS vs RLI — Head-to-Head

Bigger by revenue
RLI
RLI
1.6× larger
RLI
$465.7M
$299.5M
PDS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PDS
PDS
RLI
RLI
Revenue
$299.5M
$465.7M
Net Profit
$91.2M
Gross Margin
Operating Margin
24.4%
Net Margin
19.6%
Revenue YoY
6.1%
Net Profit YoY
123.1%
EPS (diluted)
$1.00

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
RLI
RLI
Q4 25
$299.5M
$465.7M
Q3 25
$509.3M
Q2 25
$499.8M
Q1 25
$407.7M
Q4 24
$439.1M
Q3 24
$470.0M
Q2 24
$416.4M
Q1 24
$444.8M
Net Profit
PDS
PDS
RLI
RLI
Q4 25
$91.2M
Q3 25
$124.6M
Q2 25
$124.3M
Q1 25
$63.2M
Q4 24
$40.9M
Q3 24
$95.0M
Q2 24
$82.0M
Q1 24
$127.9M
Operating Margin
PDS
PDS
RLI
RLI
Q4 25
24.4%
Q3 25
30.9%
Q2 25
31.3%
Q1 25
19.3%
Q4 24
10.8%
Q3 24
24.9%
Q2 24
24.8%
Q1 24
36.0%
Net Margin
PDS
PDS
RLI
RLI
Q4 25
19.6%
Q3 25
24.5%
Q2 25
24.9%
Q1 25
15.5%
Q4 24
9.3%
Q3 24
20.2%
Q2 24
19.7%
Q1 24
28.8%
EPS (diluted)
PDS
PDS
RLI
RLI
Q4 25
$1.00
Q3 25
$1.35
Q2 25
$1.34
Q1 25
$0.68
Q4 24
$-2.87
Q3 24
$2.06
Q2 24
$1.78
Q1 24
$2.77

Balance Sheet & Financial Strength

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

Metric
PDS
PDS
RLI
RLI
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
Total Assets
$6.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
PDS
PDS
RLI
RLI
Q4 25
Q3 25
$100.0M
Q2 25
$100.0M
Q1 25
$100.0M
Q4 24
$100.0M
Q3 24
$100.0M
Q2 24
$100.0M
Q1 24
$100.0M
Stockholders' Equity
PDS
PDS
RLI
RLI
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$1.7B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
PDS
PDS
RLI
RLI
Q4 25
$6.2B
Q3 25
$6.2B
Q2 25
$6.0B
Q1 25
$5.7B
Q4 24
$5.6B
Q3 24
$5.8B
Q2 24
$5.5B
Q1 24
$5.3B
Debt / Equity
PDS
PDS
RLI
RLI
Q4 25
Q3 25
0.05×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
0.07×
Q3 24
0.06×
Q2 24
0.06×
Q1 24
0.07×

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
RLI
RLI
Operating Cash FlowLast quarter
$156.8M
Free Cash FlowOCF − Capex
$155.0M
FCF MarginFCF / Revenue
33.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$608.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDS
PDS
RLI
RLI
Q4 25
$156.8M
Q3 25
$179.2M
Q2 25
$174.7M
Q1 25
$103.5M
Q4 24
$128.1M
Q3 24
$219.4M
Q2 24
$141.8M
Q1 24
$70.9M
Free Cash Flow
PDS
PDS
RLI
RLI
Q4 25
$155.0M
Q3 25
$177.8M
Q2 25
$173.4M
Q1 25
$102.5M
Q4 24
$127.6M
Q3 24
$219.0M
Q2 24
$139.1M
Q1 24
$69.9M
FCF Margin
PDS
PDS
RLI
RLI
Q4 25
33.3%
Q3 25
34.9%
Q2 25
34.7%
Q1 25
25.1%
Q4 24
29.0%
Q3 24
46.6%
Q2 24
33.4%
Q1 24
15.7%
Capex Intensity
PDS
PDS
RLI
RLI
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.7%
Q1 24
0.2%
Cash Conversion
PDS
PDS
RLI
RLI
Q4 25
1.72×
Q3 25
1.44×
Q2 25
1.41×
Q1 25
1.64×
Q4 24
3.13×
Q3 24
2.31×
Q2 24
1.73×
Q1 24
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDS
PDS

Segment breakdown not available.

RLI
RLI

Casualty Segment$246.8M53%
Property Insurance Segment$122.5M26%
Other$59.3M13%
Surety Insurance Segment$37.1M8%

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