Shareholders being diluted. Shares outstanding up 79% from December 2022 to July 2026.
Patterson-UTI Energy had 79% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Patterson-UTI Energy had 79% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Valuation signals disagree.Cheaper than 64% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 64% of peers on operating cash profit, but only 0% on earnings.
Relative to its operating cash profit (EBITDA), Patterson-UTI Energy looks cheaper than 64% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Patterson-UTI Energy looks cheaper than 64% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Patterson-UTI Energy reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Revenue is falling. Revenue fell 6.9% in the 12 months to June 2026 vs the 12 months before.
Patterson-UTI Energy's revenue fell 6.9% in the 12 months to June 2026 vs the 12 months before.
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-2.0%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.49Sector median: 0.0522 · MAD: 0.0351
EBITDA yield15.4%
Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 0.63Sector median: 0.1209 · MAD: 0.0518
Free cash flow yield4.0%
SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.45Sector median: 0.0618 · MAD: 0.0491
Why it changed since the Oct 27, 2026 close: Score 10 → 11
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.
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 Patterson-UTI Energy
Is Patterson-UTI Energy getting weaker?
Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 44/100 since Oct 28, 2026.
How is Patterson-UTI Energy valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 404 energy peers.EBITDA yield 15.4% vs a peer median of 12.1% (stronger than 64% of peers).EBITDA yield 15.4% vs peers 12.1% (stronger than 64% of peers).Earnings yield -2.0% vs a peer median of 5.2% (weaker than 100% of peers).Earnings yield -2.0% vs peers 5.2% (weaker than 100% of peers).
Is Patterson-UTI Energy growing?
Yes, faster than most of its peers. Growth scores 64/100 against 404 energy peers.3-year revenue growth 15.1% vs a peer median of -1.3% (stronger than 88% of peers).3-year revenue growth 15.1% vs peers -1.3% (stronger than 88% of peers).Revenue growth -6.9% vs a peer median of 0.5% (weaker than 70% of peers).Revenue growth -6.9% vs peers 0.5% (weaker than 70% of peers).
How profitable is Patterson-UTI Energy?
Less profitable than most of its peers. Profitability scores 11/100 against 404 energy peers.Operating margin -1.1% vs a peer median of 11.7% (weaker than 89% of peers).Operating margin -1.1% vs peers 11.7% (weaker than 89% of peers).
How risky is Patterson-UTI Energy?
Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Current ratio 1.75× vs a peer median of 1.37× (stronger than 66% of peers).Current ratio 1.75× vs peers 1.37× (stronger than 66% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Worth watching: Patterson-UTI Energy 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 quarter
Latest quarter
Change
Revenue (12 months)
4.7B USD
4.7B USD
+0.2%
Net income (12 months)
−118.7M USD
−89.1M USD
−24.9%
Operating margin
-1.5%
-1.1%
+0.5 pts
Free cash flow (12 months)
273.1M USD
177.7M USD
−34.9%
Debt
1.2B USD
1.2B USD
+1.0%
Cash
335.1M USD
201.0M USD
−40.0%
Shares outstanding
379.6M
381.4M
+0.5%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Drilling companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
-49.9%
8.0%
8.5%
-16.5%
-0.8%
▲ 16 pts
Net margin
-48.2%
5.8%
5.9%
-18.0%
-1.9%
▲ 16 pts
Return on assets (ROA)
-22.1%
4.9%
3.3%
-16.6%
-1.7%
▲ 15 pts
Return on equity (ROE)
-40.7%
9.3%
5.1%
-27.9%
-2.9%
▲ 25 pts
Free cash flow margin
-5.2%
4.9%
9.4%
9.2%
7.7%
▼ 1.5 pts
Current ratio
1.34×
1.51×
1.41×
1.54×
1.64×
▲ 6.7%
Quick ratio
1.24×
1.39×
1.24×
1.34×
1.46×
▲ 8.7%
Debt to equity
0.53×
0.50×
0.26×
0.36×
0.38×
▲ 7.1%
Interest coverage
-16.15×
5.24×
6.66×
-12.36×
-0.58×
▲ 95%
PTEN price history
Price history is added with the daily price update and will appear after the next one.