Is the business good?
How good a business is PTEN?
Patterson-UTI Energy, Inc. earns −0.95% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−0.95%
Return on invested capital · cost of capital 9.0% · 10.0 points below what the capital costs: growth destroys value
- Operating margin
- −1.1%
Operating margin · Oil & Gas Drilling median 5.0% · 12 months to Q2 2026
- Share count, year on year
- −1.3%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −79% |
| FY2021 | −50% |
| FY2022 | 8.2% |
| FY2023 | 8.6% |
| FY2024 | −17% |
| FY2025 | −0.85% |
Details›
- Operating margin12 months to Q2 2026
- −1.1%
- Net margin12 months to Q2 2026
- −1.9%
- Free cash flow margin
- 3.8%
- Revenue, trailing twelve months
- $4.65B
- Free cash flow, trailing twelve months
- $178M
- Net income, trailing twelve months
- −$90M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −0.95%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Drilling
Ranks #4 of 9 by Smart Score