PDS Energy

Precision Drilling Corporation

$96.47-1.25%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Energy
Industry: Oil & Gas Drilling
Country: Canada
Market cap: 1.2B USD
Enterprise value: 1.5B USD
Full-time employees: 5,245

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.29 vs a peer median of 0.57)higher risk: bigger price swings (beta 1.29 vs peers 0.57)
About average: valuation

Ranks #311 of 363 energy companies (bottom 15%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 75% of peers on operating cash profit (EBITDA), but only 16% on earnings.Cheaper than 75% of peers on operating cash profit, but only 16% on earnings.
Relative to its operating cash profit (EBITDA), Precision Drilling looks cheaper than 75% of peers; relative to its earnings, cheaper than only 16%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Precision Drilling looks cheaper than 75% of peers; relative to its earnings, cheaper than only 16%. The valuation score blends the two, so look at which measure fits this business best.
Cash flow well above reported profit. Free cash flow is 81.1× reported profit.
Free cash flow is 81.1× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Revenue is falling. Revenue fell 3.1% in the 12 months to December 2025 vs the 12 months before.
Precision Drilling's revenue fell 3.1% in the 12 months to December 2025 vs the 12 months before.

StockQuotient Score

32/ 100

Oct 5 33 → Nov 4 32 (-1)

Valuation

Is the price right?

59/100

Moderate

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Mixed versus peers:

▲ EBITDA yield
▲ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rateReported value30% base weight · Z-score -1.46Sector median: 0.0522 · MAD: 0.0351

EBITDA yield19.1%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · CAD→USD convertedReported value50% base weight · Z-score 1.36Sector median: 0.1209 · MAD: 0.0518

Free cash flow yield8.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rate · operating cash flow − capital spendingReported value20% base weight · Z-score 0.47Sector median: 0.0618 · MAD: 0.0491

Other data (not scored)

Book yield89.9%

SEC filings (IFRS mapped) · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5851 · MAD: 0.2677

Growth

Is it growing?

25/100

Weak

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

12-month revenue fell 3.1%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-98.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.44Sector median: 0.0107 · MAD: 0.3431

3-year revenue growth4.5%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 0.72Sector median: -0.0135 · MAD: 0.0807

Revenue growth-3.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -0.33Sector median: 0.0050 · MAD: 0.1101

Profitability

Does it earn well?

17/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Net margin fell 5.7 points to 0.1%

Why it changed since the Oct 27, 2026 close: Score 16 → 17

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin5.7%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.64Sector median: 0.1169 · MAD: 0.0936

Return on assets0.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -1.45Sector median: 0.0444 · MAD: 0.0302

Return on invested capital2.7%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -1.01Sector median: 0.0929 · MAD: 0.0648

Other data (not scored)

Gross margin32.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3310 · MAD: 0.1935

Return on equity0.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.1014 · MAD: 0.0743

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 28 → 29

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.29

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.99Sector median: 0.5680 · MAD: 0.2415

Current ratio1.62×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 0.50Sector median: 1.3710 · MAD: 0.5060

Debt / equity0.43×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 0.10Sector median: 0.4659 · MAD: 0.3175

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Precision Drilling

Is Precision Drilling getting weaker?: Its latest SEC filing (Mar 9, 2026) got weaker in some ways: net margin fell 5.7 points to 0.1%; 12-month revenue fell 3.1%. Its overall score is unchanged at 32/100 since Oct 28, 2026.
How is Precision Drilling valued vs its peers?: Priced about in line with its peers. Valuation scores 59/100 against 404 energy peers. EBITDA yield 19.1% vs a peer median of 12.1% (stronger than 75% of peers).EBITDA yield 19.1% vs peers 12.1% (stronger than 75% of peers). Earnings yield 0.1% vs a peer median of 5.2% (weaker than 84% of peers).Earnings yield 0.1% vs peers 5.2% (weaker than 84% of peers).
Is Precision Drilling growing?: More slowly than most of its peers. Growth scores 25/100 against 404 energy peers. 3-year revenue growth 4.5% vs a peer median of -1.3% (stronger than 68% of peers).3-year revenue growth 4.5% vs peers -1.3% (stronger than 68% of peers). Earnings per share growth -98.2% vs a peer median of 1.1% (weaker than 100% of peers).Earnings per share growth -98.2% vs peers 1.1% (weaker than 100% of peers).
How profitable is Precision Drilling?: Less profitable than most of its peers. Profitability scores 17/100 against 404 energy peers. Return on assets 0.1% vs a peer median of 4.4% (weaker than 83% of peers).Return on assets 0.1% vs peers 4.4% (weaker than 83% of peers).
How risky is Precision Drilling?: Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Current ratio 1.62× vs a peer median of 1.37× (stronger than 61% of peers).Current ratio 1.62× vs peers 1.37× (stronger than 61% of peers). Beta 1.29 vs a peer median of 0.57 (weaker than 94% of peers).Beta 1.29 vs peers 0.57 (weaker than 94% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 9, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Net margin fell 5.7 points to 0.1%
12-month revenue fell 3.1%

Worth watching: Precision Drilling is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Revenue (12 months)	1.9B CAD	1.8B CAD	−3.1%
Net income (12 months)	111.2M CAD	1.8M CAD	−98.3%
Free cash flow (12 months)	265.4M CAD	149.4M CAD	−43.7%
Debt	822.3M CAD	686.9M CAD	−16.5%
Cash	73.8M CAD	85.8M CAD	+16.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	29.3%	30.5%	37.8%	34.4%	32.8%	▼ 1.6 pts
Operating margin	19.5%	19.3%	31.5%	—	—	—
Net margin	-18.0%	-2.1%	14.9%	5.8%	0.1%	▼ 5.7 pts
Return on assets (ROA)	-6.7%	-1.2%	9.6%	3.8%	0.1%	▼ 3.7 pts
Return on equity (ROE)	-14.5%	-2.8%	18.4%	6.6%	0.1%	▼ 6.5 pts
Free cash flow margin	6.4%	3.3%	14.2%	14.0%	8.1%	▼ 5.8 pts
Current ratio	1.34×	1.15×	1.37×	1.48×	1.62×	▲ 9.6%
Quick ratio	1.24×	1.06×	1.27×	1.35×	1.46×	▲ 7.9%
Debt to equity	0.92×	0.90×	0.59×	0.49×	0.43×	▼ 12%
Interest coverage	2.11×	3.55×	7.33×	—	—	—

PDS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.29 vs a peer median of 0.57)higher risk: bigger price swings (beta 1.29 vs peers 0.57)

About average: valuation

Ranks #311 of 363 energy companies (bottom 15%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 75% of peers on operating cash profit (EBITDA), but only 16% on earnings.Cheaper than 75% of peers on operating cash profit, but only 16% on earnings.

Relative to its operating cash profit (EBITDA), Precision Drilling looks cheaper than 75% of peers; relative to its earnings, cheaper than only 16%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Precision Drilling looks cheaper than 75% of peers; relative to its earnings, cheaper than only 16%. The valuation score blends the two, so look at which measure fits this business best.

Cash flow well above reported profit. Free cash flow is 81.1× reported profit.

Free cash flow is 81.1× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Revenue is falling. Revenue fell 3.1% in the 12 months to December 2025 vs the 12 months before.

Precision Drilling's revenue fell 3.1% in the 12 months to December 2025 vs the 12 months before.

Questions investors ask about Precision Drilling

Is Precision Drilling getting weaker?

Its latest SEC filing (Mar 9, 2026) got weaker in some ways: net margin fell 5.7 points to 0.1%; 12-month revenue fell 3.1%. Its overall score is unchanged at 32/100 since Oct 28, 2026.

How is Precision Drilling valued vs its peers?

Priced about in line with its peers. Valuation scores 59/100 against 404 energy peers. EBITDA yield 19.1% vs a peer median of 12.1% (stronger than 75% of peers).EBITDA yield 19.1% vs peers 12.1% (stronger than 75% of peers). Earnings yield 0.1% vs a peer median of 5.2% (weaker than 84% of peers).Earnings yield 0.1% vs peers 5.2% (weaker than 84% of peers).

Is Precision Drilling growing?

More slowly than most of its peers. Growth scores 25/100 against 404 energy peers. 3-year revenue growth 4.5% vs a peer median of -1.3% (stronger than 68% of peers).3-year revenue growth 4.5% vs peers -1.3% (stronger than 68% of peers). Earnings per share growth -98.2% vs a peer median of 1.1% (weaker than 100% of peers).Earnings per share growth -98.2% vs peers 1.1% (weaker than 100% of peers).

How profitable is Precision Drilling?

Less profitable than most of its peers. Profitability scores 17/100 against 404 energy peers. Return on assets 0.1% vs a peer median of 4.4% (weaker than 83% of peers).Return on assets 0.1% vs peers 4.4% (weaker than 83% of peers).

How risky is Precision Drilling?

Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Current ratio 1.62× vs a peer median of 1.37× (stronger than 61% of peers).Current ratio 1.62× vs peers 1.37× (stronger than 61% of peers). Beta 1.29 vs a peer median of 0.57 (weaker than 94% of peers).Beta 1.29 vs peers 0.57 (weaker than 94% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

1.9B CAD

1.8B CAD

−3.1%

Net income (12 months)

111.2M CAD

1.8M CAD

−98.3%

Free cash flow (12 months)

265.4M CAD

149.4M CAD

−43.7%

Debt

822.3M CAD

686.9M CAD

−16.5%

Cash

73.8M CAD

85.8M CAD

+16.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

29.3%

30.5%

37.8%

34.4%

32.8%

▼ 1.6 pts

Operating margin

19.5%

19.3%

31.5%

—

Net margin

-18.0%

-2.1%

14.9%

5.8%

0.1%

▼ 5.7 pts

Return on assets (ROA)

-6.7%

-1.2%

9.6%

3.8%

0.1%

▼ 3.7 pts

Return on equity (ROE)

-14.5%

-2.8%

18.4%

6.6%

0.1%

▼ 6.5 pts

Free cash flow margin

6.4%

3.3%

14.2%

14.0%

8.1%

▼ 5.8 pts

Current ratio

1.34×

1.15×

1.37×

1.48×

1.62×

▲ 9.6%

Quick ratio

1.24×

1.06×

1.27×

1.35×

1.46×

▲ 7.9%

Debt to equity

0.92×

0.90×

0.59×

0.49×

0.43×

▼ 12%

Interest coverage

2.11×

3.55×

7.33×

—