Patterson Uti Energy IncPatterson Uti Energy Inc
Patterson Uti Energy Inc

Patterson Uti Energy Inc

PTEN
Energy·Energy Equipment & Services

Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment, and technology. It operates through the following segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment represents contract drilling, directional drilling, oilfield technology, and electrical controls and automation businesses. The Completion Services segment offers hydraulic fracturing, wireline and pumping, completion support, cementing, and pressure pumping business. The Drilling Products segment focuses on manufacturing and distribution of drill bits business. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.

Texas; U.S.A
Market cap
$4.4BNo data
Revenue
$4.8B−10.3% YoY
Net income
$-93.6M+90.3% YoY
Free cash flow
$372.2M−25.1% YoY

Market

Listed stock
PTENPriceNasdaq
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Financial performance

Revenue
$4.8B−10.3% YoY
Operating income
$-40.8M+95.4% YoY
Net income
$-93.6M+90.3% YoY
Free cash flow
$372.2M−25.1% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $1.4B, 2022 $2.6B, 2023 $4.1B, 2024 $5.4B, 2025 $4.8B. Operating income: 2021 $-677.8M, 2022 $211M, 2023 $352M, 2024 $-889.7M, 2025 $-40.8M. Net income: 2021 $-654.5M, 2022 $154.7M, 2023 $246.3M, 2024 $-968M, 2025 $-93.6M. Free cash flow: 2021 $-70.8M, 2022 $129.4M, 2023 $390.2M, 2024 $497.2M, 2025 $372.2M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-10.3%−3995 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-677.8M, 2022-12-31 $211M, 2023-12-31 $352M, 2024-12-31 $-889.7M, 2025-12-31 $-40.8M. Net income: 2021-12-31 $-654.5M, 2022-12-31 $154.7M, 2023-12-31 $246.3M, 2024-12-31 $-968M, 2025-12-31 $-93.6M. Free cash flow: 2021-12-31 $-70.8M, 2022-12-31 $129.4M, 2023-12-31 $390.2M, 2024-12-31 $497.2M, 2025-12-31 $372.2M

Growth heatmap

2022202320242025CAGR
Revenue
+95.1%
+56.6%
+29.7%
-10.3%
+37.3%
Gross profit
+100.0%
No data
+34.4%
-10.3%
No data
Operating income
+131.1%
+66.8%
-352.8%
+95.4%
No data
Free cash flow
+282.7%
+201.6%
+27.4%
-25.1%
No data

Earnings quality

Operating cash flow
$961.2M−18.2% YoY
Net income
$-93.6M+90.3% YoY
Free cash flow
$372.2M−25.1% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -1027%, 2024-12-31 -121%, 2023-12-31 408%, 2022-12-31 366%, 2021-12-31 -15%. Free cash flow: 2025-12-31 -397%, 2024-12-31 -51%, 2023-12-31 158%, 2022-12-31 84%, 2021-12-31 11%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data