Patterson-UTI Energy
PTEN Β· Oil & Gas Drilling
$11.97
5.6%Transocean
RIG Β· Oil & Gas Drilling
$6.41
5.4%The short version
- Patterson-UTI Energy is the larger business, with $4.8B of revenue in fiscal 2025 against $4.0B for Transocean.
- Transocean grew revenue faster (12.5%, against β10.3%).
- Patterson-UTI Energy kept more of each dollar of sales as operating profit (β0.9% operating margin, against β58.9% operating margin).
- Transocean turned more of its sales into free cash flow (15.8% FCF margin, against 7.7% FCF margin).
- Patterson-UTI Energy earned a higher return on the capital invested in it (β0.8%, against β12.4%).
| Latest fiscal year | PTEN Β· FY25 | RIG Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.6B | $7.7B |
| Revenue | $4.8B | $4.0B |
| Free cash flow | $372M | $626M |
| Net income | β$93.6M | β$2.9B |
| Growth | ||
| Revenue growth | β10.3% | 12.5% |
| 5-year growth | 33.8% | 4.7% |
| Share count change | β3.5% | 3.8% |
| Profitability | ||
| Gross margin | β | 39.3% |
| Operating margin | β0.9% | β58.9% |
| Net margin | β1.9% | β73.5% |
| FCF margin | 7.7% | 15.8% |
| Return on capital | β0.8% | β12.4% |
| Return on equity | β2.8% | β31.7% |
| Balance sheet | ||
| Net debt | $822M | $5.0B |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $192M | $0.0M |
| Valuation & quality | ||
| P/E | β | β |
| Piotroski F-score | 6 | 6 |
FY16
PTEN $916M
RIG $4.2B
FY17
PTEN $2.4B
RIG $3.0B
FY18
PTEN $3.3B
RIG $3.0B
FY19
PTEN $2.5B
RIG $3.1B
FY20
PTEN $1.1B
RIG $3.2B
FY21
PTEN $1.4B
RIG $2.6B
FY22
PTEN $2.6B
RIG $2.6B
FY23
PTEN $4.1B
RIG $2.8B
FY24
PTEN $5.4B
RIG $3.5B
FY25
PTEN $4.8B
RIG $4.0B
PTEN
RIG
FY16
PTEN β49.8%
RIG 26.6%
FY17
PTEN β12.4%
RIG β84.3%
FY18
PTEN β9.7%
RIG β41.5%
FY19
PTEN β18.7%
RIG β23.4%
FY20
PTEN β79.4%
RIG β15.6%
FY21
PTEN β49.9%
RIG β4.4%
FY22
PTEN 8.0%
RIG β1.2%
FY23
PTEN 8.5%
RIG β11.5%
FY24
PTEN β16.5%
RIG β11.8%
FY25
PTEN β0.9%
RIG β58.9%
PTEN
RIG
FY16
PTEN $185M
RIG $636M
FY17
PTEN β$266M
RIG $673M
FY18
PTEN $89.2M
RIG $374M
FY19
PTEN $349M
RIG β$47.0M
FY20
PTEN $133M
RIG $133M
FY21
PTEN β$70.8M
RIG $367M
FY22
PTEN $129M
RIG β$269M
FY23
PTEN $390M
RIG β$263M
FY24
PTEN $497M
RIG $193M
FY25
PTEN $372M
RIG $626M
PTEN
RIG
FY16
PTEN β11.8%
RIG 4.6%
FY17
PTEN β6.1%
RIG β10.3%
FY18
PTEN β5.5%
RIG β5.2%
FY19
PTEN β9.1%
RIG β2.8%
FY20
PTEN β22.3%
RIG β2.1%
FY21
PTEN β21.2%
RIG β0.5%
FY22
PTEN 8.3%
RIG β0.1%
FY23
PTEN 6.8%
RIG β1.5%
FY24
PTEN β13.5%
RIG β2.0%
FY25
PTEN β0.8%
RIG β12.4%
PTEN
RIG
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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.