Patterson-UTI Energy, Inc. (PTEN) Stock Analysis
Energy · Oil & Gas Drilling · NasdaqGS
Patterson-UTI Energy, Inc. (PTEN) posted $4.83B in revenue for fiscal 2025 (down 10.3% year over year), with a net loss of $93.64M, and has compounded revenue about 33.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Patterson-UTI Energy, Inc.
Patterson-UTI Energy, Inc. has grown revenue from $915.87M to $4.83B over the last 10 fiscal years, compounding about 33.8% a year. The most recent year was down 10.3%, so growth has cooled from its longer-run pace.
Net margin sits at -1.9%, up 16.1 points year over year. It carries about $1.23B of total debt.
At today's valuation the market is pricing in roughly 1% annual free-cash-flow growth — versus the 22.8% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is currently unprofitable.
Synthesised from Patterson-UTI Energy, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Patterson-UTI Energy, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $915.87M | $2.36B | $3.33B | $2.47B | $1.12B | $1.36B | $2.65B | $4.15B | $5.38B | $4.83B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $-318.63M | $5.91M | $-321.42M | $-425.70M | $-803.69M | $-654.54M | $154.66M | $246.29M | $-968.03M | $-93.64M |
| Net margin | -34.8% | 0.3% | -9.7% | -17.2% | -71.5% | -48.2% | 5.8% | 5.9% | -18.0% | -1.9% |
Source: Patterson-UTI Energy, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
Patterson-UTI Energy, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -1.9%).
What growth is priced into PTEN stock?
At today's market cap of $4.57B, Patterson-UTI Energy, Inc. is priced for free-cash-flow growth of about 1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $372.19M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 22.8%/yr over the last five fiscal years and revenue 33.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Patterson-UTI Energy, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Patterson-UTI Energy, Inc. financial history by metric
Compare Patterson-UTI Energy, Inc. with peers
About Patterson-UTI Energy, Inc.
Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment engages in the provision of contract and directional drilling, and measurement-while-drilling (MWD) services in onshore oil and natural gas basins; supply and rental of downhole performance motors, such as Mpact drilling motors, and Mpower MWD systems; electrical controls and automation to the energy, marine, and mining industries; rig fleet evaluation; and drilling technology service. This segment also provides software and services, such as MWD Survey Fault Detection, Isolation and Recovery (FDIR) services, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; and HiFi Guidance that utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, equipment, materials, and cementing, as well as involved in the power solutions natural gas fueling, and last mile logistics and storage businesses. The Drilling Products segment engages in the design, manufacture, sale, and rental of matrix and steel-bodied polycrystalline diamond compact drill bits. It also rents oilfield tools; and offers specialized services for land-based oil and natural gas drilling, completion, and workover activities. The company was founded in 1978 and is headquartered in Houston, Texas.
Patterson-UTI Energy, Inc. — frequently asked questions
What is Patterson-UTI Energy, Inc.'s revenue?
Patterson-UTI Energy, Inc. (PTEN) reported revenue of $4.83B for fiscal year 2025, down 10.3% from the prior year, according to its SEC filings.
Is Patterson-UTI Energy, Inc. profitable?
No — PTEN reported a net loss of $-93.64M in fiscal 2025.
What is PTEN's P/E ratio?
Patterson-UTI Energy, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Patterson-UTI Energy, Inc. growing?
PTEN's revenue grew at roughly 33.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Patterson-UTI Energy, Inc. have?
As of fiscal year 2025, PTEN carried roughly $1.23B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Patterson-UTI Energy, Inc.'s market cap?
Patterson-UTI Energy, Inc. (PTEN) has a market capitalization of about $4.57B, based on the latest data in our nightly-refreshed cache.
When does Patterson-UTI Energy, Inc.'s fiscal year end?
PTEN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into PTEN stock?
At today's market cap of $4.57B, Patterson-UTI Energy, Inc. is priced for free-cash-flow growth of about 1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $372.19M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 22.8%/yr over the last five fiscal years and revenue 33.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Patterson-UTI Energy, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.