Precision Drilling Corporation (PDS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.4	-$0.09	-122.5%	—	—	—
Q2 26	$2.31	$1.34	-42.0%	—	—	—
Q1 26	$2.07	$1.91	-7.7%	—	—	—
Q4 25	$1.19	-$0.51	-142.9%	—	—	—
Q3 25	$0.05	$1.07	+2040.0%	—	—	—
Q2 25	$2.09	$2.56	+22.5%	—	—	—
Q1 25	$1.54	$1.06	-31.2%	—	—	—
Q4 24	$2.23	$2.31	+3.6%	—	—	—
Q3 24	$0.23	$1.44	+526.1%	—	—	—
Q2 24	$2.64	$2.53	-4.2%	—	—	—
Q1 24	$1.92	$9.81	+410.9%	—	—	—
Q4 23	$1.66	$1.45	-12.7%	—	—	—
Q3 23	$1.31	$1.63	+24.4%	—	—	—
Q2 23	$4.1	$5.57	+35.9%	—	—	—
Q1 23	$4.32	$0.27	-93.8%	—	—	—
Q4 22	$0.75	$2.03	+170.7%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.14	—	—	$1.8B	—
FY24	—	$7.81	—	—	$1.4B	—
FY23	—	$21	—	—	$1.3B	—
FY22	—	-$2.53	—	—	$1.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1B	$1.3B	$1.5B	$1.5B	$935.8M	$986.8M	$1.6B	$1.3B	$1.4B	$1.8B
YoY change	-35.5%	+31.7%	+16.6%	+0.01%	-39.3%	+5.46%	+63.9%	-17%	+4.7%	+31.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1B	1.3B	1.5B	1.5B	935.8M	986.8M	1.6B	1.3B	1.4B	1.8B
Cost of revenue	391.7M	377.7M	377M	333.6M	316.3M	282.3M	279M	206M	228.4M	317.9M
Gross profit	611.6M	943.5M	1.2B	1.2B	619.4M	704.5M	1.3B	1.1B	1.2B	1.5B
Gross margin	61%	71.4%	75.5%	78.4%	66.2%	71.4%	82.7%	84.6%	83.7%	82.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	107.7M	90.1M	111.8M	104M	70.9M	95.9M	181M	84.6M	97.8M	114.4M
Operating expenses	761.8M	1B	1.2B	1.2B	654.3M	794.1M	1.3B	925.3M	1B	1.4B
Operating income	-150.2M	-72.8M	-749K	44.5M	-34.9M	-89.6M	32.6M	210.5M	156.5M	104.6M
Operating margin	-15%	-5.51%	-0.05%	2.88%	-3.73%	-9.07%	2.01%	15.7%	11.1%	5.68%
Non-operating income, net	-12M	-21.4M	-195.7M	65.7M	33.1M	-1.8M	41.1M	31.3M	9.2M	8.5M
Pretax income	-308.6M	-232.1M	-323.6M	-8.3M	-109.2M	-182.8M	-14.1M	184M	114.1M	55.9M
Income tax	-153M	-100M	-29.3M	-15M	11M	-5.4M	20.1M	-16.2M	31.9M	52.8M
Net income	-155.6M	-132M	-294.3M	6.6M	-120.1M	-177.4M	-34.3M	200.3M	82.2M	3.1M
Net margin	-15.5%	-9.99%	-19.1%	0.43%	-12.8%	-18%	-2.12%	14.9%	5.85%	0.17%
EBITDA	233.6M	296.5M	371.3M	373.8M	276M	183.1M	308.8M	414.9M	383.8M	103.2M
EPS	-10.6	-9	-20	0.4	-8.76	-13.3	-2.53	21	7.81	0.14
Diluted EPS	-10.6	-9	-20	0.4	-8.76	-13.3	-2.53	19.5	7.81	0.14

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	446.8M	351M	527.8M	429.2M	339.9M	345.7M	496.3M	406.6M	462.3M	478.5M	526.1M	452.8M
Cost of revenue	73.2M	54.5M	78.2M	73.8M	53.5M	60.7M	75M	74.9M	79.5M	88.5M	84.3M	82.7M
Gross profit	373.6M	296.4M	449.6M	355.4M	286.4M	285M	421.3M	331.8M	382.8M	390M	441.7M	370.1M
Gross margin	83.6%	84.5%	85.2%	82.8%	84.3%	82.4%	84.9%	81.6%	82.8%	81.5%	84%	81.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	44.2M	27.1M	45.1M	28.7M	16.6M	26.1M	29.8M	24.8M	30.8M	29.1M	41.7M	26.5M
Operating expenses	332.2M	252.9M	384.6M	314.1M	238.5M	256.7M	358.8M	298.5M	344.6M	419.2M	402.1M	355.7M
Operating income	41.4M	43.6M	64.9M	41.3M	48M	28.3M	62.5M	33.2M	38.1M	-29.2M	39.6M	14.4M
Operating margin	9.26%	12.4%	12.3%	9.62%	14.1%	8.18%	12.6%	8.18%	8.25%	-6.11%	7.53%	3.18%
Non-operating income, net	5.9M	24M	3.1M	8.1M	1.9M	-1M	2.6M	6.4M	2.8M	-3.3M	-202K	1.1M
Pretax income	27.7M	54.1M	49.6M	31.2M	37.8M	15.2M	49.3M	24.8M	27.2M	-45.3M	27.1M	3.1M
Income tax	7.9M	-47.5M	13.1M	10.5M	9.9M	4.2M	14.3M	8.3M	33.7M	-3.4M	9.2M	4M
Net income	19.8M	101.6M	36.5M	20.7M	27.9M	11M	34.9M	16.5M	-6.5M	-41.9M	17.8M	-893K
Net margin	4.43%	28.9%	6.92%	4.82%	8.21%	3.19%	7.04%	4.05%	-1.4%	-8.75%	3.39%	-0.2%
EBITDA	114.6M	97.9M	143.1M	114.8M	101.5M	87.9M	137.3M	107.7M	37.7M	-30.6M	124.1M	97.1M
EPS	1.45	10.4	2.53	1.44	2.77	1.06	2.52	1.21	-0.51	-3.23	1.34	-0.09
Diluted EPS	1.45	9.81	2.53	1.44	2.31	1.06	2.2	1.07	-0.51	-3.23	1.34	-0.52

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.3B	1.3B	742.2M	591.5M	328.8M	685.5M	1.5B	—	—	—	1B
Enterprise value	4.1B	3B	2.4B	2B	1.5B	1.8B	2.6B	—	—	—	1.2B
Shares outstanding	21.3M	21.3M	21.3M	21.1M	19.9M	19.3M	19.7M	13.8M	10.5M	13.3M	13.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	89.4	—	—	—	—	—	—	1K
P/S	2.31	0.97	0.48	0.38	0.35	0.69	0.93	—	—	—	0.54
P/B	1.18	0.71	0.48	0.39	0.23	0.56	1.23	—	—	—	0.92
EV/EBITDA	17.6	9.96	6.33	5.38	5.5	9.89	8.56	—	—	—	3.72
EV/Sales	4.1	2.23	1.53	1.3	1.62	1.83	1.63	—	—	—	0.88
Earnings yield	—	—	—	1.12%	—	—	—	—	—	—	0.1%
FCF yield	-3.49%	1.44%	22.5%	21.5%	50%	9.23%	3.5%	—	—	—	9.72%
PEG	—	—	—	—	—	—	—	—	—	—	-9.47

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	61%	71.4%	75.5%	78.4%	66.2%	71.4%	82.7%	84.6%	83.7%	82.8%	81.7%
Operating margin	-15%	-5.51%	-0.05%	2.88%	-3.73%	-9.07%	2.01%	15.7%	11.1%	5.68%	3.17%
Net margin	-15.5%	-9.99%	-19.1%	0.43%	-12.8%	-18%	-2.12%	14.9%	5.85%	0.17%	-1.71%
ROE	-7.93%	-7.29%	-18.9%	0.43%	-8.54%	-14.5%	-2.79%	18.4%	6.62%	0.19%	-1.92%
ROA	-3.6%	-3.39%	-8.09%	0.2%	-4.14%	-6.66%	-1.19%	9.58%	3.77%	0.11%	2.97%
ROIC	-4%	-2.09%	-0.02%	1.51%	-1.34%	-3.81%	1.38%	12.1%	6.12%	0.26%	0%
Return on tangible assets	-3.99%	-3.85%	-8.25%	0.21%	-4.22%	-6.79%	-1.21%	9.69%	3.8%	0.11%	-1.15%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.96	2.11	1.85	1.93	2.05	1.34	1.15	1.4	1.48	1.62	1.46
Quick ratio	1.86	1.99	1.73	1.79	1.89	1.24	1.06	1.3	1.35	1.46	1.29
Debt / equity	0.97	0.96	1.1	0.98	0.92	0.95	0.94	0.63	0.53	0.47	0.43
Debt / assets	0.44	0.44	0.47	0.46	0.45	0.44	0.4	0.33	0.3	0.27	0.26
Net debt / EBITDA	7.67	5.62	4.34	3.8	4.31	6.15	3.67	1.57	1.57	6.38	2.76
Interest coverage	-1.23	-0.79	-1.65	0.93	-0.07	-1.24	0.83	4.28	3.26	2	1.24
Effective tax rate	0%	0%	0%	0%	0%	0%	0%	0%	28%	94.5%	100%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	47.1	62	72.3	73	46.9	51	82.2	97.6	133.7	138.3	147.3
EPS (basic)	-10.6	-9	-20	0.4	-8.76	-13.3	-2.53	21	7.81	0.14	0.14
EPS (diluted)	-10.6	-9	-20	0.4	-8.76	-13.3	-2.53	19.5	7.81	0.14	-1.67
Book value per share	92.1	85	73	72.3	70.6	63.3	62.5	79.3	118.2	119.2	89
FCF per share	-3.8	0.87	7.84	6.03	8.25	3.27	2.69	13.8	18.7	11.2	8.84
Cash per share	5.43	3.05	4.53	3.54	5.46	2.1	1.1	2.73	5.18	6.43	5.2
Capex per share	9.19	2.82	4.23	3.27	2.03	3.25	7.47	10.1	13.1	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	19.5%	4.54%	5.85%	4.48%	4.32%	6.37%	9.09%	10.4%	9.79%	—	—
Capex / operating cash flow	78.8%	20.8%	45.8%	14.3%	12.3%	28.3%	35.6%	30.3%	33.7%	—	—
Payout ratio	0%	—	—	—	—	—	—	—	—	—	0%
Dividend yield	0%	—	—	—	—	—	—	—	—	—	5.37%

Yield

5.37%

trailing twelve months

Frequency

Quarterly

Last dividend

$10.696

ex-dividend Nov 4, 2015

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Nov 4, 2015	$10.696
Aug 6, 2015	$1.076
May 13, 2015	$1.156
Feb 25, 2015	$1.122
Nov 12, 2014	$1.236

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$446.8M	$351M	$527.8M	$429.2M	$339.9M	$345.7M	$496.3M	$406.6M	$462.3M	$478.5M	$526.1M	$452.8M
YoY change	+4.06%	-31.3%	-5.52%	+0.84%	-23.9%	-1.49%	-5.96%	-5.27%	+36%	+38.4%	+5.99%	+11.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	115.7M	65.1M	96.6M	74.7M	108.8M	40.6M	21.6M	37.5M	54.5M	85.8M
Receivables	237.8M	270.1M	312M	244M	130.7M	179.6M	322.8M	231.6M	219.1M	274.4M
Inventory	24.1M	24.6M	34.1M	31.7M	26.3M	23.4M	35.2M	24.4M	32M	49M
Total current assets	471.6M	441.7M	522.7M	417.8M	342.3M	319.8M	470.7M	353.7M	370.2M	486.9M
Property, plant & equipment	3.5B	3B	2.9B	2.7B	2.4B	2.2B	2.2B	1.6B	1.7B	2.1B
Goodwill & intangibles	421.4M	466.6M	70.8M	63.5M	55.3M	47.8M	39.1M	24M	19.2M	18.9M
Total assets	4.3B	3.9B	3.6B	3.3B	2.9B	2.7B	2.9B	2.1B	2.2B	2.7B
Accounts payable	73.2M	87.4M	129.5M	91.5M	56.9M	90.8M	136.4M	104.8M	83.7M	120.4M
Short-term debt	—	—	—	12.4M	12.2M	13.2M	15M	14M	15.2M	17.8M
Total current liabilities	240.7M	209.6M	282.2M	216.1M	166.8M	238.1M	410M	253.2M	250.1M	300.1M
Long-term debt	1.9B	1.7B	1.7B	1.5B	1.3B	1.2B	1.1B	673M	640.3M	726.5M
Total liabilities	2.4B	2.1B	2.1B	1.7B	1.5B	1.4B	1.6B	999.4M	941.1M	1.1B
Shareholders' equity	2B	1.8B	1.6B	1.5B	1.4B	1.2B	1.2B	1.1B	1.2B	1.6B
Total debt	1.9B	1.7B	1.7B	1.5B	1.3B	1.2B	1.2B	687M	655.5M	744.2M
Net debt	1.8B	1.7B	1.6B	1.4B	1.2B	1.1B	1.1B	649.5M	601M	658.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	49.1M	37.5M	30.9M	48.2M	17.3M	54.5M	28.2M	46.7M	38.3M	85.8M	41.5M	66.3M
Receivables	393.3M	231.6M	432.7M	376.6M	286.1M	219.1M	397.7M	318.6M	365.1M	274.4M	410.3M	348.5M
Inventory	35M	24.4M	36M	38.5M	29.5M	32M	49.2M	—	—	—	—	54.7M
Total current assets	477.4M	353.7M	499.6M	469.9M	336.6M	370.2M	481.1M	411M	449.7M	486.9M	505M	469.5M
Property, plant & equipment	2.3B	1.6B	2.4B	2.4B	1.7B	1.7B	2.4B	2.3B	2.3B	2.1B	2.2B	2.2B
Goodwill & intangibles	36.1M	24M	32.7M	16.7M	11.1M	19.2M	27.1M	22.5M	20.7M	18.9M	8.6M	7.7M
Total assets	2.8B	2.1B	3B	2.9B	2.1B	2.2B	2.9B	2.7B	2.8B	2.7B	2.7B	2.7B
Accounts payable	280.5M	104.8M	266.3M	290.4M	201.5M	83.7M	271.7M	250.9M	264.3M	120.4M	276.4M	302.6M
Short-term debt	15.9M	14M	21.5M	19.9M	14.4M	15.2M	249.9M	154.6M	18M	17.8M	18.6M	19.5M
Total current liabilities	299.7M	253.2M	291.5M	311.5M	218M	250.1M	526.1M	407.3M	284.7M	300.1M	296.9M	322.6M
Long-term debt	1B	673M	992.9M	900.5M	599.1M	640.3M	619.5M	595M	735.8M	726.5M	713.4M	677.5M
Total liabilities	1.4B	999.4M	1.4B	1.3B	874M	941.1M	1.2B	1.1B	1.1B	1.1B	1.1B	1.1B
Shareholders' equity	1.4B	1.1B	1.6B	1.6B	1.2B	1.2B	1.7B	1.7B	1.7B	1.6B	1.6B	1.6B
Total debt	1B	687M	1B	920.4M	613.5M	655.5M	869.4M	749.6M	753.9M	744.2M	732.1M	697M
Net debt	985.8M	649.5M	983.4M	872.2M	596.2M	601M	841.2M	702.9M	715.6M	658.5M	690.6M	630.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-155.6M	-132M	-294.3M	6.6M	-120.1M	-177.4M	-34.3M	200.3M	82.2M	3.1M
Depreciation & amortization	391.7M	377.7M	377M	333.6M	316.3M	282.3M	279M	206M	228.4M	317.9M
Stock-based compensation	28.3M	6.8M	17.4M	19.5M	17.8M	32M	60.1M	4.6M	13.9M	14.5M
Change in working capital	—	—	—	—	—	—	—	—	—	—
Operating cash flow	248.3M	288.4M	196.8M	482.5M	330M	222M	413.3M	458.9M	407.8M	412.9M
Capital expenditure	-195.6M	-60M	-90.1M	-69.1M	-40.4M	-62.9M	-147.1M	-139.3M	-137.5M	—
Investing cash flow	-213.9M	-68M	-89.2M	-73.7M	-40.5M	-56.6M	-144.4M	-147.5M	-149.9M	16.1M
Dividends paid	0	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	0	-25.9M	-11.3M	-4.3M	-10M	-20.7M	-55.7M	-75.6M
Financing cash flow	-220.3M	-73.8M	-169.4M	-231.8M	-145.6M	-149.9M	-123M	-174.5M	-193.5M	-192.7M
Net change in cash	-185.9M	146.6M	-61.8M	177M	143.9M	15.4M	145.9M	137M	64.4M	236.3M
Free cash flow	-81M	18.6M	167.2M	127.5M	164.5M	63.3M	52.9M	189.6M	196M	149.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	-6.5M	-41.9M	17.8M	-893K
Depreciation & amortization	—	—	—	—	—	—	—	—	79.5M	88.5M	84.3M	82.7M
Stock-based compensation	—	—	—	—	—	—	—	—	5.6M	2.5M	9.3M	2.5M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	—	75.9M	126.1M	63.2M	145.6M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	1.9M	10.3M	-12M	9.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	-8.8M	-21.6M	-4M	-12M
Financing cash flow	16.3M	0	0	0	8M	17.1M	0	10M	-23.9M	-25.1M	-33.4M	-66.4M
Net change in cash	16.3M	0	0	0	8M	17.1M	0	10M	53.9M	111.3M	17.8M	88.7M
Free cash flow	—	—	—	—	—	—	—	—	6.5M	44.7M	-1.8M	69.2M

Date	Ratio
Nov 12, 2020	1:20
Jun 1, 2005	2:1
May 18, 2005	2:1
Oct 15, 1997	2:1

Precision Drilling Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history