Patterson-UTI Energy (PTEN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Patterson-UTI Energy

NasdaqGS•Energy•Oil & Gas Drilling

$12.03-0.68(-0.05%)Pre-market

Market Cap

$4.57B

P/S

1.0x

P/B

1.5x

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.

How this company scores

AverageMetricSide Score: 49/100

Strongest: Profitability (17/25); weakest: Cash & Earnings Quality (5/25).

Profitability17/25

Growth11/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality5/25

Strengths

Long cash runwayLow leverageProfit converts from growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 26.5x5y range 0.0x – 26.5x

Currently above its 7-quarter median.

P/S · 1.0x5y range 0.0x – 1.4x

Currently above its 20-quarter median.

P/B · 1.5x5y range 0.0x – 1.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 2.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $4.57B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.65B
Q. Revenue: $1.22B
TTM EBITDA: $318.99M
TTM Op. Income: $-49.57M
Q. Op. Income: $-6.96M
TTM Net Income: $-89.72M
Q. Net Income: $-19.60M
EPS: $-0.05
Shares Out.: $380.19M

$4.65B in TTM revenue declined 5.7% YoY, reaching $1.22B last quarter. TTM EBITDA of $318.99M and TTM operating income of $-49.57M show growth is flowing through to the bottom line. However, net income is negative at $89.72M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 6% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 14.5%
Op. Margin: -0.6%
Net Margin: -1.6%

Op. margin of -0.6% is up 1.9% YoY — cost efficiency is improving. Net margin at -1.6% Over the past year, operating margin is up 77% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.0x
P/B Ratio: 1.5x

P/S of 1.0x and P/B of 1.5x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.37B
Cash: $201.02M
Long-Term Debt: $1.23B
Book Value: $3.10B
D/E Ratio: 0.4
Debt/EBITDA: 7.0

With $5.37B in assets and $1.23B in long-term debt, D/E is 0.4and book value is $3.10B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 7 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $56.08M
TTM Free Cash Flow: $177.72M
FCF Margin: 3.8%
FCF / Net Income: -2.0

TTM FCF of $177.72M on $56.08M in operating cash flow. The FCF / Net Income ratio of -2.0x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.