Patterson-UTI Energy, Inc. (PTEN) Balance Sheet
PTEN balance sheet, 2025
December 31, 2025 · U.S. dollars$5.57B assets = $2.35B liabilities + $3.22B equity
Both columns are drawn to the same scale: what PTEN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PTEN financial health
Descriptive bands, not a rating. Fiscal 2025.
PTEN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.80B2016 | $5.57B2025 | +4.3%/yr | |
| Total liabilities | $1.56B2016 | $2.35B2025 | +4.7%/yr | |
| Shareholders’ equity | $2.25B2016 | $3.22B2025 | +4.1%/yr | |
| Cash & short-term investments | $35.2M2016 | $420.6M2025 | +31.8%/yr | |
| Total debt | $598.4M2016 | $1.28B2025 | +8.8%/yr | |
| Net cash (debt) | −$563.3M2016 | −$859.8M2025 | −$296.5M | |
| Working capital | $18.5M2016 | $554.4M2025 | +$535.9M | |
| Book value per share | $15.382016 | $8.392025 | −6.5%/yr | |
| Current ratio | 1.072016 | 1.642025 | +0.57 | |
| Debt / equity | 0.272016 | 0.402025 | +0.13 | |
| Shares outstanding | 146.2M2016 | 383.5M2025 | +11.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PTEN assets
PTEN liabilities and equity
PTEN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PTEN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $420.6M | $239.2M | $192.7M | $137.6M | $117.5M | $224.9M | $174.2M | $245.0M | $42.8M | $35.2M |
| Cash & equivalents | $420.6M | $239.2M | $192.7M | $137.6M | $117.5M | $224.9M | $174.2M | $245.0M | $42.8M | $35.2M |
| Short-term investments | — | $2.1M | — | — | — | — | — | — | $0 | $0 |
| Receivables | $776.0M | $821.8M | $1.03B | $611.5M | $356.1M | $164.6M | $346.1M | $562.9M | $581.5M | $150.2M |
| Inventory | $160.3M | $167.0M | $180.8M | $65.4M | $42.4M | $33.1M | $36.4M | $65.6M | $69.2M | $20.2M |
| Other current assets | $61.2M | $67.3M | $83.2M | $15.0M | $67.6M | $55.3M | $75.2M | $76.7M | $53.4M | $77.8M |
| Total current assets | $1.42B | $1.30B | $1.49B | $829.4M | $583.7M | $478.0M | $631.8M | $950.2M | $746.9M | $283.3M |
| Property, plant & equipment (net) | $2.71B | $3.08B | $3.48B | $2.29B | $2.35B | $2.78B | $3.35B | $4.01B | $4.27B | $3.43B |
| Goodwill & intangible assets | $1.30B | $1.42B | $2.43B | $5.8M | $7.5M | $60.2M | $444.0M | $477.6M | $687.1M | $89.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $139.1M | $39.4M | $23.4M | $14.1M | $15.0M | $391.2M | $17.8M | $27.4M | $53.8M | $7.3M |
| Total assets | $5.57B | $5.83B | $7.42B | $3.14B | $2.96B | $3.71B | $4.44B | $5.47B | $5.76B | $3.80B |
| Liabilities | ||||||||||
| Accounts payable | $470.8M | $421.3M | $534.4M | $237.1M | $190.2M | $91.6M | $170.5M | $289.0M | $319.6M | $125.7M |
| Short-term debt | $26.4M | $34.9M | $69.7M | $5.1M | $6.9M | $7.1M | $9.9M | — | $866.8M | $598.4M |
| Deferred revenue | $79.3M | $75.2M | $98.9M | $110.2M | $60.3M | $599,000 | — | — | — | — |
| Total current liabilities | $863.6M | $842.0M | $1.05B | $551.0M | $435.9M | $273.7M | $400.6M | $526.3M | $546.2M | $264.8M |
| Long-term debt | $1.22B | $1.22B | $1.22B | $830.9M | $852.3M | $901.5M | $966.5M | $1.12B | $866.8M | $598.4M |
| Lease obligations | $59.4M | $73.1M | $108.3M | $24.7M | $25.0M | $26.2M | $36.6M | — | — | — |
| Other long-term liabilities | $261.1M | $295.9M | $324.0M | $96.4M | $60.2M | $517.6M | $238.9M | $318.9M | $363.3M | $692.6M |
| Total liabilities | $2.35B | $2.36B | $2.60B | $1.48B | $1.35B | $1.69B | $1.61B | $1.96B | $1.78B | $1.56B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5.2M | $5.2M | $5.2M | $3.0M | $3.0M | $2.7M | $2.7M | $2.7M | $2.7M | $1.9M |
| Retained earnings (deficit) | −$1.26B | −$1.04B | $57.0M | −$87.4M | −$198.3M | $472.0M | $1.29B | $1.75B | $2.11B | $2.12B |
| Treasury stock | — | — | — | −$1.45B | −$1.37B | −$1.37B | −$1.35B | −$1.08B | −$918.7M | −$911.1M |
| Accumulated other comprehensive income | −$1.2M | −$2.6M | $472,000 | −$467.9M | $5.9M | $5.4M | $5.5M | $2.5M | $6.8M | −$1.1M |
| Minority interest | $6.2M | $10.0M | $8.4M | $0 | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $3.22B | $3.47B | $4.81B | $1.67B | $1.61B | $2.02B | $2.83B | $3.51B | $3.98B | $2.25B |
| Key figures | ||||||||||
| Total debt | $1.28B | $1.30B | $1.35B | $855.7M | $877.3M | $927.7M | $1.00B | $1.12B | $866.8M | $598.4M |
| Net cash (debt) | −$859.8M | −$1.06B | −$1.15B | −$718.1M | −$759.8M | −$702.8M | −$828.9M | −$874.2M | −$824.0M | −$563.3M |
| Working capital | $554.4M | $453.3M | $435.3M | $278.5M | $147.8M | $204.2M | $231.2M | $423.9M | $200.6M | $18.5M |
| Tangible book value | $1.92B | $2.05B | $2.38B | $1.66B | $1.60B | $1.96B | $2.39B | $3.03B | $3.30B | $2.16B |
| Book value per share | $8.39 | $8.73 | $17.18 | $7.59 | $8.25 | $10.72 | $13.96 | $16.03 | $19.92 | $15.38 |
| Shares outstanding | 383.5M | 397.2M | 280.1M | 219.5M | 195.0M | 188.0M | 203.0M | 218.6M | 199.9M | 146.2M |
| Current ratio | 1.64 | 1.54 | 1.41 | 1.51 | 1.34 | 1.75 | 1.58 | 1.81 | 1.37 | 1.07 |
| Quick ratio | 1.39 | 1.26 | 1.16 | 1.36 | 1.09 | 1.42 | 1.30 | 1.54 | 1.14 | 0.70 |
| Debt / equity | 0.40 | 0.37 | 0.28 | 0.51 | 0.55 | 0.46 | 0.35 | 0.32 | 0.22 | 0.27 |
| Equity / assets | 57.8% | 59.4% | 64.9% | 53.0% | 54.4% | 54.4% | 63.8% | 64.1% | 69.2% | 59.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $203.2M | $337.2M | $420.6M | $184.8M | $183.8M | $223.1M | $239.2M | $115.5M | $75.0M | $170.2M | $192.7M | $67.0M |
| Cash & equivalents | $203.2M | $337.2M | $420.6M | $184.8M | $183.8M | $223.1M | $239.2M | $113.4M | $75.0M | $170.2M | $192.7M | $67.0M |
| Short-term investments | — | — | — | — | — | — | $2.1M | $2.1M | — | $385.4M | — | $300.6M |
| Receivables | $970.9M | $779.5M | $776.0M | $861.0M | $825.0M | $856.5M | $821.8M | $932.6M | $935.7M | $929.4M | $1.03B | $1.07B |
| Inventory | $140.8M | $150.6M | $160.3M | $155.9M | $163.7M | $167.8M | $167.0M | $172.8M | $172.4M | $183.2M | $180.8M | $186.5M |
| Other current assets | $57.4M | $55.0M | $61.2M | $75.8M | $68.6M | $70.1M | $67.3M | $81.4M | $96.2M | $71.9M | $83.2M | $97.9M |
| Total current assets | $1.37B | $1.32B | $1.42B | $1.28B | $1.24B | $1.32B | $1.30B | $1.30B | $1.28B | $1.35B | $1.49B | $1.42B |
| Property, plant & equipment (net) | $2.65B | $2.63B | $2.71B | $2.86B | $2.92B | $3.02B | $3.08B | $3.19B | $3.35B | $3.45B | $3.48B | $3.52B |
| Goodwill & intangible assets | $1.24B | $1.27B | $1.30B | $1.33B | $1.36B | $1.39B | $1.42B | $1.45B | $2.37B | $2.40B | $2.43B | $2.45B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $109.2M | $138.7M | $139.1M | $63.4M | $56.4M | $35.7M | $39.4M | $24.1M | $21.6M | $23.4M | $23.4M | $26.2M |
| Total assets | $5.37B | $5.36B | $5.57B | $5.53B | $5.58B | $5.77B | $5.83B | $5.96B | $7.02B | $7.23B | $7.42B | $7.42B |
| Liabilities | ||||||||||||
| Accounts payable | $513.2M | $442.4M | $470.8M | $461.3M | $426.5M | $514.0M | $421.3M | $493.4M | $476.5M | $544.9M | $534.4M | $579.7M |
| Short-term debt | $61.9M | $21.5M | $26.4M | $32.6M | $28.3M | $30.6M | $34.9M | $38.2M | $78.4M | $48.1M | $69.7M | $67.5M |
| Deferred revenue | $8.6M | $20.3M | $79.3M | $3.6M | $4.5M | $14.0M | $75.2M | $13.3M | $14.1M | $22.0M | $98.9M | $16.6M |
| Total current liabilities | $784.1M | $720.3M | $863.6M | $777.8M | $716.5M | $818.3M | $842.0M | $858.4M | $851.2M | $916.9M | $1.05B | $1.04B |
| Long-term debt | $1.23B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.22B | $1.23B |
| Lease obligations | $51.4M | $47.5M | $59.4M | $67.6M | $66.5M | $68.7M | $73.1M | $83.3M | $81.9M | $87.4M | $108.3M | $107.3M |
| Other long-term liabilities | $247.8M | $253.2M | $261.1M | $279.5M | $290.1M | $291.6M | $295.9M | $313.9M | $343.5M | $336.4M | $324.0M | $295.6M |
| Total liabilities | $2.27B | $2.19B | $2.35B | $2.28B | $2.23B | $2.33B | $2.36B | $2.39B | $2.41B | $2.47B | $2.60B | $2.56B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5.3M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M |
| Retained earnings (deficit) | −$1.38B | −$1.32B | −$1.26B | −$1.22B | −$1.15B | −$1.07B | −$1.04B | −$956.2M | $54.2M | $75.3M | $57.0M | $28.9M |
| Accumulated other comprehensive income | −$2.3M | −$1.7M | −$1.2M | −$1.8M | −$1.0M | −$2.9M | −$2.6M | −$51,000 | −$648,000 | −$521,000 | $472,000 | −$656,000 |
| Minority interest | $6.7M | $6.3M | $6.2M | $6.3M | $6.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.10B | $3.17B | $3.22B | $3.25B | $3.34B | $3.43B | $3.47B | $3.56B | $4.60B | $4.74B | $4.81B | $4.85B |
| Key figures | ||||||||||||
| Total debt | $1.26B | $1.27B | $1.28B | $1.29B | $1.29B | $1.29B | $1.30B | $1.31B | $1.35B | $1.32B | $1.35B | $1.35B |
| Net cash (debt) | −$1.06B | −$931.6M | −$859.8M | −$1.10B | −$1.10B | −$1.07B | −$1.06B | −$1.20B | −$1.27B | −$1.15B | −$1.15B | −$1.28B |
| Working capital | $588.0M | $602.0M | $554.4M | $499.7M | $524.7M | $499.1M | $453.3M | $443.8M | $428.2M | $437.8M | $435.3M | $387.1M |
| Tangible book value | $1.86B | $1.89B | $1.92B | $1.92B | $1.98B | $2.04B | $2.05B | $2.11B | $2.23B | $2.34B | $2.38B | $2.40B |
| Book value per share | $8.16 | $8.34 | $8.50 | $8.44 | $8.66 | $8.85 | $8.90 | $9.09 | $11.51 | $11.57 | $11.49 | $17.20 |
| Shares outstanding | 379.9M | 379.6M | 379.2M | 384.9M | 385.9M | 387.0M | 389.4M | 391.7M | 399.6M | 409.8M | 418.8M | 282.0M |
| Current ratio | 1.75 | 1.84 | 1.64 | 1.64 | 1.73 | 1.61 | 1.54 | 1.52 | 1.50 | 1.48 | 1.41 | 1.37 |
| Quick ratio | 1.50 | 1.55 | 1.39 | 1.34 | 1.41 | 1.32 | 1.26 | 1.22 | 1.19 | 1.20 | 1.16 | 1.10 |
| Debt / equity | 0.41 | 0.40 | 0.40 | 0.40 | 0.39 | 0.38 | 0.37 | 0.37 | 0.29 | 0.28 | 0.28 | 0.28 |
| Equity / assets | 57.7% | 59.1% | 57.9% | 58.7% | 59.9% | 59.4% | 59.4% | 59.7% | 65.5% | 65.6% | 64.9% | 65.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 10, 2026); data from EODHD.
PTEN financial position
At the end of fiscal 2025 (December 31, 2025), Patterson-UTI Energy had total assets of $5.6 billion (down 4.5% from a year earlier), total liabilities of $2.3 billion and shareholders' equity of $3.2 billion. It held $420.6 million in cash and short-term investments against $1.3 billion of debt, net debt of $859.8 million. Its current ratio was 1.64. In the latest quarter (ended June 30, 2026) total assets were $5.4 billion and equity $3.1 billion.
Related: PTEN income statement, PTEN cash flow statement, PTEN key metrics. See the PTEN stock overview for the latest quote and news.
PTEN balance sheet FAQ
What are Patterson-UTI Energy's total assets?
Patterson-UTI Energy reported total assets of $5.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.8 billion a year earlier.
How much debt does Patterson-UTI Energy have?
Patterson-UTI Energy had $1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.40.
How much cash does Patterson-UTI Energy have?
Patterson-UTI Energy held $420.6 million in cash and short-term investments at the end of fiscal 2025; with $1.3 billion of debt that is net debt of $859.8 million.
What is Patterson-UTI Energy's book value?
Patterson-UTI Energy's shareholders' equity (book value) was $3.2 billion at the end of fiscal 2025, or $8.39 per share.
What is Patterson-UTI Energy's current ratio?
Patterson-UTI Energy had current assets of $1.4 billion and current liabilities of $863.6 million, a current ratio of 1.64 (it can cover its short-term obligations).
How much goodwill does Patterson-UTI Energy have?
Patterson-UTI Energy carried $1.3 billion of goodwill and intangible assets, 23.4% of total assets, at the end of fiscal 2025.