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Side-by-side financial comparison of PRECISION DRILLING Corp (PDS) and SUBURBAN PROPANE PARTNERS LP (SPH). Click either name above to swap in a different company.

SUBURBAN PROPANE PARTNERS LP is the larger business by last-quarter revenue ($370.4M vs $299.5M, roughly 1.2× PRECISION DRILLING Corp).

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

Suburban Propane Partners LP is a leading U.S. distributor of propane, natural gas, heating oil and related energy products, serving residential, commercial, industrial and agricultural customers across the country. It also provides HVAC system installation, maintenance and repair services, catering mainly to suburban and off-grid communities.

PDS vs SPH — Head-to-Head

Bigger by revenue
SPH
SPH
1.2× larger
SPH
$370.4M
$299.5M
PDS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
PDS
PDS
SPH
SPH
Revenue
$299.5M
$370.4M
Net Profit
$45.8M
Gross Margin
64.7%
Operating Margin
18.3%
Net Margin
12.4%
Revenue YoY
-0.8%
Net Profit YoY
135.7%
EPS (diluted)
$0.69

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
SPH
SPH
Q4 25
$299.5M
$370.4M
Q3 25
$211.4M
Q2 25
$260.1M
Q1 25
$587.7M
Q4 24
$373.3M
Q3 24
$208.6M
Q2 24
$254.6M
Q1 24
$498.1M
Net Profit
PDS
PDS
SPH
SPH
Q4 25
$45.8M
Q3 25
$-35.1M
Q2 25
$-14.8M
Q1 25
$137.1M
Q4 24
$19.4M
Q3 24
$-44.6M
Q2 24
$-17.2M
Q1 24
$111.5M
Gross Margin
PDS
PDS
SPH
SPH
Q4 25
64.7%
Q3 25
64.7%
Q2 25
61.7%
Q1 25
58.8%
Q4 24
60.6%
Q3 24
59.4%
Q2 24
62.9%
Q1 24
61.8%
Operating Margin
PDS
PDS
SPH
SPH
Q4 25
18.3%
Q3 25
-7.9%
Q2 25
2.1%
Q1 25
27.0%
Q4 24
15.8%
Q3 24
-10.8%
Q2 24
3.2%
Q1 24
27.5%
Net Margin
PDS
PDS
SPH
SPH
Q4 25
12.4%
Q3 25
-16.6%
Q2 25
-5.7%
Q1 25
23.3%
Q4 24
5.2%
Q3 24
-21.4%
Q2 24
-6.8%
Q1 24
22.4%
EPS (diluted)
PDS
PDS
SPH
SPH
Q4 25
$0.69
Q3 25
$-0.55
Q2 25
$-0.23
Q1 25
$2.10
Q4 24
$0.30
Q3 24
$-0.69
Q2 24
$-0.27
Q1 24
$1.72

Balance Sheet & Financial Strength

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

Metric
PDS
PDS
SPH
SPH
Cash + ST InvestmentsLiquidity on hand
$1.3M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
Total Assets
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDS
PDS
SPH
SPH
Q4 25
$1.3M
Q3 25
$405.0K
Q2 25
$1.3M
Q1 25
$3.9M
Q4 24
$4.4M
Q3 24
$3.2M
Q2 24
$4.9M
Q1 24
$4.4M
Total Debt
PDS
PDS
SPH
SPH
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
PDS
PDS
SPH
SPH
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B

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
SPH
SPH
Operating Cash FlowLast quarter
$-47.7M
Free Cash FlowOCF − Capex
$-67.5M
FCF MarginFCF / Revenue
-18.2%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
-1.04×
TTM Free Cash FlowTrailing 4 quarters
$61.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDS
PDS
SPH
SPH
Q4 25
$-47.7M
Q3 25
$41.8M
Q2 25
$95.5M
Q1 25
$40.1M
Q4 24
$8.8M
Q3 24
$36.8M
Q2 24
$61.4M
Q1 24
$75.1M
Free Cash Flow
PDS
PDS
SPH
SPH
Q4 25
$-67.5M
Q3 25
$27.7M
Q2 25
$80.9M
Q1 25
$20.8M
Q4 24
$-15.1M
Q3 24
$17.7M
Q2 24
$46.8M
Q1 24
$60.6M
FCF Margin
PDS
PDS
SPH
SPH
Q4 25
-18.2%
Q3 25
13.1%
Q2 25
31.1%
Q1 25
3.5%
Q4 24
-4.0%
Q3 24
8.5%
Q2 24
18.4%
Q1 24
12.2%
Capex Intensity
PDS
PDS
SPH
SPH
Q4 25
5.3%
Q3 25
6.7%
Q2 25
5.6%
Q1 25
3.3%
Q4 24
6.4%
Q3 24
9.1%
Q2 24
5.8%
Q1 24
2.9%
Cash Conversion
PDS
PDS
SPH
SPH
Q4 25
-1.04×
Q3 25
Q2 25
Q1 25
0.29×
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDS
PDS

Segment breakdown not available.

SPH
SPH

Propane$326.4M88%
Other Sales Revenue Net$19.9M5%
Fuel Oil And Refined Fuels$18.2M5%
Natural Gas And Electricity$5.9M2%
Wholesale$4.1M1%

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