Noble
NE · Oil & Gas Drilling
$47.70
8.5%Patterson-UTI Energy
PTEN · Oil & Gas Drilling
$11.97
5.6%The short version
- Patterson-UTI Energy is the larger business, with $4.8B of revenue in fiscal 2025 against $3.3B for Noble.
- Noble grew revenue faster (7.5%, against −10.3%).
- Noble kept more of each dollar of sales as operating profit (12.7% operating margin, against −0.9% operating margin).
- Noble turned more of its sales into free cash flow (13.2% FCF margin, against 7.7% FCF margin).
- Noble earned a higher return on the capital invested in it (5.3%, against −0.8%).
| Latest fiscal year | NE · FY25 | PTEN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.6B | $4.6B |
| Revenue | $3.3B | $4.8B |
| Free cash flow | $432M | $372M |
| Net income | $217M | −$93.6M |
| Growth | ||
| Revenue growth | 7.5% | −10.3% |
| 5-year growth | — | 33.8% |
| Share count change | 5.7% | −3.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 12.7% | −0.9% |
| Net margin | 6.6% | −1.9% |
| FCF margin | 13.2% | 7.7% |
| Return on capital | 5.3% | −0.8% |
| Return on equity | 4.7% | −2.8% |
| Balance sheet | ||
| Net debt | $1.6B | $822M |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $340M | $192M |
| Valuation & quality | ||
| P/E | 50.7x | — |
| Piotroski F-score | 5 | 6 |
FY16
NE —
PTEN $916M
FY17
NE —
PTEN $2.4B
FY18
NE —
PTEN $3.3B
FY19
NE —
PTEN $2.5B
FY20
NE $964M
PTEN $1.1B
FY21
NE —
PTEN $1.4B
FY22
NE $1.4B
PTEN $2.6B
FY23
NE $2.6B
PTEN $4.1B
FY24
NE $3.1B
PTEN $5.4B
FY25
NE $3.3B
PTEN $4.8B
NE
PTEN
FY16
NE —
PTEN −49.8%
FY17
NE —
PTEN −12.4%
FY18
NE —
PTEN −9.7%
FY19
NE —
PTEN −18.7%
FY20
NE −422.8%
PTEN −79.4%
FY21
NE —
PTEN −49.9%
FY22
NE 16.2%
PTEN 8.0%
FY23
NE 22.2%
PTEN 8.5%
FY24
NE 19.8%
PTEN −16.5%
FY25
NE 12.7%
PTEN −0.9%
NE
PTEN
FY16
NE —
PTEN $185M
FY17
NE —
PTEN −$266M
FY18
NE —
PTEN $89.2M
FY19
NE —
PTEN $349M
FY20
NE $124M
PTEN $133M
FY21
NE —
PTEN −$70.8M
FY22
NE $107M
PTEN $129M
FY23
NE $165M
PTEN $390M
FY24
NE $80.2M
PTEN $497M
FY25
NE $432M
PTEN $372M
NE
PTEN
FY16
NE —
PTEN −11.8%
FY17
NE —
PTEN −6.1%
FY18
NE —
PTEN −5.5%
FY19
NE —
PTEN −9.1%
FY20
NE —
PTEN −22.3%
FY21
NE —
PTEN −21.2%
FY22
NE —
PTEN 8.3%
FY23
NE 13.6%
PTEN 6.8%
FY24
NE 10.4%
PTEN −13.5%
FY25
NE 5.3%
PTEN −0.8%
NE
PTEN
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.