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Side-by-side financial comparison of PRECISION DRILLING Corp (PDS) and Shell plc (SHEL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Shell plc is the larger business by last-quarter revenue ($65.4B vs $410.3M, roughly 159.4× PRECISION DRILLING Corp).

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

Shell plc is a British multinational oil and gas company, headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. A core component of Big Oil, Shell is the second largest investor-owned oil and gas company in the world by revenue, and among the world's largest companies out of any industry. Measured by both its own emissions, and the emissions of ...

PDS vs SHEL — Head-to-Head

Bigger by revenue
SHEL
SHEL
159.4× larger
SHEL
$65.4B
$410.3M
PDS

Income Statement — Q4 2025 vs Q2 2025

Metric
PDS
PDS
SHEL
SHEL
Revenue
$410.3M
$65.4B
Net Profit
$3.6B
Gross Margin
Operating Margin
Net Margin
5.6%
Revenue YoY
-12.2%
Net Profit YoY
-0.2%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
PDS
PDS
SHEL
SHEL
Q4 25
$410.3M
Q2 25
$65.4B
Q1 25
$69.2B
Q2 24
$74.5B
Q1 24
$72.5B
Q2 23
$74.6B
Q1 23
$87.0B
Q2 22
$100.1B
Net Profit
PDS
PDS
SHEL
SHEL
Q4 25
Q2 25
$3.6B
Q1 25
$4.9B
Q2 24
$3.6B
Q1 24
$7.4B
Q2 23
$3.2B
Q1 23
$8.8B
Q2 22
$18.2B
Net Margin
PDS
PDS
SHEL
SHEL
Q4 25
Q2 25
5.6%
Q1 25
7.0%
Q2 24
4.9%
Q1 24
10.3%
Q2 23
4.2%
Q1 23
10.1%
Q2 22
18.2%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
PDS
PDS
SHEL
SHEL
Cash + ST InvestmentsLiquidity on hand
$32.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$183.1B
Total Assets
$387.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
PDS
PDS
SHEL
SHEL
Q4 25
Q2 25
$32.7B
Q1 25
$35.6B
Q2 24
$38.1B
Q1 24
$39.9B
Q2 23
$45.1B
Q1 23
$42.1B
Q2 22
$39.0B
Stockholders' Equity
PDS
PDS
SHEL
SHEL
Q4 25
Q2 25
$183.1B
Q1 25
Q2 24
$187.2B
Q1 24
Q2 23
$192.1B
Q1 23
Q2 22
$194.3B
Total Assets
PDS
PDS
SHEL
SHEL
Q4 25
Q2 25
$387.9B
Q1 25
Q2 24
$394.8B
Q1 24
Q2 23
$415.0B
Q1 23
Q2 22
$447.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
PDS
PDS
SHEL
SHEL
Operating Cash FlowLast quarter
$11.9B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue; lower = less reinvestment burden
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
3.28×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
PDS
PDS
SHEL
SHEL
Q4 25
Q2 25
$11.9B
Q1 25
$9.3B
Q2 24
$13.5B
Q1 24
$13.3B
Q2 23
$15.1B
Q1 23
$14.2B
Q2 22
$18.7B
Cash Conversion
PDS
PDS
SHEL
SHEL
Q4 25
Q2 25
3.28×
Q1 25
1.90×
Q2 24
3.70×
Q1 24
1.79×
Q2 23
4.80×
Q1 23
1.61×
Q2 22
1.02×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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