Noble vs Patterson-UTI Energy

Add, change or remove companies; up to four.

KIRA’s take AI analyst

I put Noble and Patterson-UTI Energy side by side, using each one’s latest annual report. Here is what stands out:

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%).
Noble turned more of its sales into free cash flow (13.2% FCF margin, against 7.7%).
Noble earned a higher return on the capital invested in it (5.3%, against −0.8%).

Who comes out ahead

Of the 8 measures where higher (or lower) is clearly better, how many each company leads.

Noble

6/8

Revenue growthOperating marginNet marginFCF marginReturn on capitalReturn on equity

Patterson-UTI Energy

PTEN

2/8

Piotroski F-scoreShare count change

Side by side

Best in the row

Latest fiscal year	NE FY25	PTEN FY25
Size
Market cap	$7.6B	$4.7B
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	50.9x	—
Piotroski F-score	5	6

Ten years

Revenue

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

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

NE PTEN

Operating margin

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%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

NE PTEN

Free cash flow

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

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

NE PTEN

Return on capital

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%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

NE PTEN

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.