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Stocks · Energy · Drilling Oil & Gas Wells

PATTERSON UTI ENERGY INC

PTEN Clue Score50
United States Fiscal year ends December CIK 0000889900
$11.31 -1.48% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $11.31 +25.67% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue915.9Operating income−456.2Net income−318.6EPS, diluted−2.18Fiscal year 2017Revenue2,356.7 +157.3%Operating income−292.5Net income5.9EPS, diluted0.03Fiscal year 2018Revenue3,327.0 +41.2%Operating income−322.2Net income−321.4 −5,538.6%EPS, diluted−1.47Fiscal year 2019Revenue2,470.7 −25.7%Operating income−461.6Net income−425.7EPS, diluted−2.10Fiscal year 2020Revenue1,124.2 −54.5%Operating income−892.3Net income−803.7EPS, diluted−4.27Fiscal year 2021Revenue1,357.1 +20.7%Operating income−677.8Net income−654.5EPS, diluted−3.36Fiscal year 2022Revenue2,567.2 +89.2%Operating income211.0Net income154.7EPS, diluted0.70Fiscal year 2023Revenue4,071.9 +58.6%Operating income352.0Net income246.3 +59.2%EPS, diluted0.88Fiscal year 2024Revenue5,312.2 +30.5%Operating income−889.7Net income−968.0 −493.0%EPS, diluted−2.44Fiscal year 2025Revenue4,793.6 −9.8%Operating income−40.8Net income−93.6EPS, diluted−0.24
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 915.9 2,356.7 3,327.0 2,470.7 1,124.2 1,357.1 2,567.2 4,071.9 5,312.2 4,793.6
Growth +157.3% +41.2% −25.7% −54.5% +20.7% +89.2% +58.6% +30.5% −9.8%
Operating income −456.2 −292.5 −322.2 −461.6 −892.3 −677.8 211.0 352.0 −889.7 −40.8
Net income −318.6 5.9 −321.4 −425.7 −803.7 −654.5 154.7 246.3 −968.0 −93.6
Growth −5,538.6% +59.2% −493.0%
EPS, diluted −2.18 0.03 −1.47 −2.10 −4.27 −3.36 0.70 0.88 −2.44 −0.24

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−49.8%Net margin−34.8%Free cash flow margin20.2%Fiscal year 2017Operating margin−12.4%Net margin0.3%Free cash flow margin−11.3%Fiscal year 2018Operating margin−9.7%Net margin−9.7%Free cash flow margin2.7%Fiscal year 2019Operating margin−18.7%Net margin−17.2%Free cash flow margin14.1%Fiscal year 2020Operating margin−79.4%Net margin−71.5%Free cash flow margin11.9%Fiscal year 2021Operating margin−49.9%Net margin−48.2%Free cash flow margin−5.2%Fiscal year 2022Operating margin8.2%Net margin6.0%Free cash flow margin5.0%Fiscal year 2023Operating margin8.6%Net margin6.0%Free cash flow margin9.6%Fiscal year 2024Operating margin−16.7%Net margin−18.2%Free cash flow margin9.4%Fiscal year 2025Operating margin−0.9%Net margin−2.0%Free cash flow margin7.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −49.8% −12.4% −9.7% −18.7% −79.4% −49.9% 8.2% 8.6% −16.7% −0.9%
Net margin −34.8% 0.3% −9.7% −17.2% −71.5% −48.2% 6.0% 6.0% −18.2% −2.0%
Free cash flow margin 20.2% −11.3% 2.7% 14.1% 11.9% −5.2% 5.0% 9.6% 9.4% 7.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow305.0Capital expenditure−119.8Free cash flow185.2Buybacks−3.6Dividends paid−23.6Fiscal year 2017Operating cash flow300.7Capital expenditure−567.1Free cash flow−266.4 −243.8%Buybacks−6.8Dividends paid−16.3Fiscal year 2018Operating cash flow730.7Capital expenditure−641.5Free cash flow89.2Buybacks−161.7Dividends paid−30.6Fiscal year 2019Operating cash flow696.2Capital expenditure−347.5Free cash flow348.7 +290.9%Buybacks−255.5Dividends paid−32.4Fiscal year 2020Operating cash flow278.9Capital expenditure−145.5Free cash flow133.4 −61.7%Buybacks−21.2Dividends paid−18.9Fiscal year 2021Operating cash flow95.5Capital expenditure−166.3Free cash flow−70.8 −153.1%Buybacks−6.3Dividends paid−15.6Fiscal year 2022Operating cash flow566.2Capital expenditure−436.8Free cash flow129.4Buybacks−70.1Dividends paid−43.1Fiscal year 2023Operating cash flow1,005.9Capital expenditure−615.7Free cash flow390.2 +201.6%Buybacks−200.7Dividends paid−100.0Fiscal year 2024Operating cash flow1,175.5Capital expenditure−678.4Free cash flow497.2 +27.4%Buybacks−290.4Dividends paid−126.8Fiscal year 2025Operating cash flow961.2Capital expenditure−589.0Free cash flow372.2 −25.1%Buybacks−69.6Dividends paid−122.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 305.0 300.7 730.7 696.2 278.9 95.5 566.2 1,005.9 1,175.5 961.2
Capital expenditure −119.8 −567.1 −641.5 −347.5 −145.5 −166.3 −436.8 −615.7 −678.4 −589.0
Free cash flow 185.2 −266.4 89.2 348.7 133.4 −70.8 129.4 390.2 497.2 372.2
Growth −243.8% +290.9% −61.7% −153.1% +201.6% +27.4% −25.1%
Buybacks −3.6 −6.8 −161.7 −255.5 −21.2 −6.3 −70.1 −200.7 −290.4 −69.6
Dividends paid −23.6 −16.3 −30.6 −32.4 −18.9 −15.6 −43.1 −100.0 −126.8 −122.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash35.2Total debt598.4Net cash (debt)−563.3Shareholders’ equity2,248.7Debt to equity0.27Fiscal year 2017Cash42.8Total debt598.8Net cash (debt)−556.0Shareholders’ equity3,982.5Debt to equity0.15Fiscal year 2018Cash245.0Total debt1,119.2Net cash (debt)−874.2Shareholders’ equity3,505.4Debt to equity0.32Fiscal year 2019Cash174.2Total debt966.5Net cash (debt)−792.4Shareholders’ equity2,833.6Debt to equity0.34Fiscal year 2020Cash224.9Total debt901.5Net cash (debt)−676.6Shareholders’ equity2,016.1Debt to equity0.45Fiscal year 2021Cash117.5Total debt852.3Net cash (debt)−734.8Shareholders’ equity1,609.5Debt to equity0.53Fiscal year 2022Cash137.6Total debt830.9Net cash (debt)−693.4Shareholders’ equity1,665.5Debt to equity0.50Fiscal year 2023Cash190.1Total debt1,237.2Net cash (debt)−1,047.1Shareholders’ equity4,812.3Debt to equity0.26Fiscal year 2024Cash239.2Total debt1,226.2Net cash (debt)−987.0Shareholders’ equity3,465.8Debt to equity0.35Fiscal year 2025Cash418.5Total debt1,221.0Net cash (debt)−802.5Shareholders’ equity3,218.5Debt to equity0.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 35.2 42.8 245.0 174.2 224.9 117.5 137.6 190.1 239.2 418.5
Total debt 598.4 598.8 1,119.2 966.5 901.5 852.3 830.9 1,237.2 1,226.2 1,221.0
Net cash (debt) −563.3 −556.0 −874.2 −792.4 −676.6 −734.8 −693.4 −1,047.1 −987.0 −802.5
Shareholders’ equity 2,248.7 3,982.5 3,505.4 2,833.6 2,016.1 1,609.5 1,665.5 4,812.3 3,465.8 3,218.5
Debt to equity 0.27 0.15 0.32 0.34 0.45 0.53 0.50 0.26 0.35 0.38

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−49.8% −12.4% −9.7% −18.7% −79.4% −49.9% 8.2% 8.6% −16.7% −0.9%
−54.2% −13.9% −11.0% −21.5% −82.8% −53.0% 6.5% 7.5% −18.0% −2.1%
−34.8% 0.3% −9.7% −17.2% −71.5% −48.2% 6.0% 6.0% −18.2% −2.0%
20.2% −11.3% 2.7% 14.1% 11.9% −5.2% 5.0% 9.6% 9.4% 7.8%
Spending
7.6% 4.5% 4.0% 5.4% 8.7% 6.8% 4.5% 4.2% 5.1% 5.3%
13.1% 24.1% 19.3% 14.1% 12.9% 12.3% 17.0% 15.1% 12.8% 12.3%
n/a n/a n/a n/a n/a n/a 7.9% 19.9% n/a n/a
Returns
−14.2% 0.1% −9.2% −15.0% −39.9% −40.7% 9.3% 5.1% −27.9% −2.9%
−8.4% 0.1% −5.9% −9.6% −24.4% −22.1% 4.9% 3.3% −16.6% −1.7%
Balance and payout
0.27 0.15 0.32 0.34 0.45 0.53 0.50 0.26 0.35 0.38
40.4% 30.8% 35.9% 36.2% 38.9% 45.6% 47.0% 35.0% 40.4% 42.1%
n/a 276.1% n/a n/a n/a n/a 27.9% 40.6% n/a n/a
14.7% n/a 215.6% 82.6% 30.0% n/a 87.5% 77.1% 83.9% 51.6%