Patterson-UTI Energy financials
$10.55−2.77%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.83B | $5.38B | $4.15B | $2.65B | $1.36B | $1.12B | $2.47B | $3.33B | $2.36B | $915.9M |
| Gross profit | $1.17B | $1.46B | $1.34B | $801.0M | $275.1M | $322.3M | $697.0M | $924.5M | $639.1M | $267.1M |
| Gross margin | 24.2% | 27.1% | 32.2% | 30.3% | 20.3% | 28.7% | 28.2% | 27.8% | 27.1% | 29.2% |
| Operating income | -$40.8M | -$889.7M | $352.0M | $211.0M | -$665.7M | -$892.3M | -$461.6M | -$319.4M | -$218.1M | -$456.2M |
| Net income | -$93.6M | -$968.0M | $246.3M | $154.7M | -$654.5M | -$803.7M | -$425.7M | -$321.4M | $5.7M | -$318.6M |
| Net margin | −1.9% | −18.0% | 5.9% | 5.8% | −48.2% | −71.5% | −17.2% | −9.7% | 0.2% | −34.8% |
| Diluted EPS | $-0.24 | $-2.44 | $0.88 | $0.70 | $-3.36 | $-4.27 | $-2.10 | $-1.47 | $0.03 | $-2.18 |
| EBITDA | $900.5M | $1.20B | $1.18B | $697.0M | $183.5M | $212.1M | $560.1M | $808.0M | $565.3M | $212.2M |
| Operating cash flow | $961.2M | $1.18B | $1.01B | $566.2M | $95.5M | $278.9M | $696.2M | $754.4M | $300.7M | $305.0M |
| Free cash flow | $372.2M | $497.1M | $390.2M | $129.4M | -$70.8M | $133.4M | $348.7M | $113.0M | -$266.4M | $185.2M |
| Diluted shares | 383.5M | 397.2M | 280.1M | 219.5M | 195.0M | 188.0M | 203.0M | 218.6M | 199.9M | 146.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $420.6M | $241.3M | $192.7M | $137.6M | $117.5M | $224.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $1.23B | $1.25B | $1.29B | $830.9M | $852.3M | $901.5M |
| Total assets | $5.57B | $5.83B | $7.42B | $3.14B | $2.96B | $3.30B |
| Total liabilities | $2.35B | $2.36B | $2.60B | $1.48B | $1.35B | $1.28B |
| Shareholders' equity | $3.22B | $3.48B | $4.82B | $1.67B | $1.61B | $2.02B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology