Precision Drilling Corporation (PDS) Income Statement
PDS 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsPDS revenue and net income
Where PDS's revenue goes
2025Each bar shows an amount and its share of revenue. PDS kept 0.1% of revenue as net income.
PDS profit margins
PDS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.1% | +4.5% | +20.2% | +1.7% |
| Gross profit | −4.2% | +92.6% | +186.8% | +26.6% |
| Operating income | −50.6% | +47.6% | — | — |
| Net income | −98.3% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PDS income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$1.84B | C$1.90B | C$1.94B | C$1.62B | C$986.8M | C$734.5M | C$1.54B | C$1.54B | C$1.32B | C$951.4M |
| Cost of revenue | C$317.9M | C$309.3M | C$1.20B | C$1.40B | C$282.3M | C$726.6M | C$1.37B | C$1.43B | C$1.30B | C$999.0M |
| Gross profit | C$1.53B | C$1.59B | C$733.3M | C$213.6M | C$704.5M | C$7.9M | C$168.7M | C$107.7M | C$17.3M | −C$47.5M |
| Research & development | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Sales, general & admin | C$114.4M | C$132.4M | C$122.2M | C$181.0M | C$95.9M | C$70.9M | C$104.0M | C$112.4M | C$90.1M | C$110.3M |
| Total operating expenses | C$1.42B | C$1.38B | C$122.2M | C$181.0M | C$794.1M | C$72.1M | C$124.3M | C$98.2M | C$90.1M | C$102.7M |
| Operating income | C$104.6M | C$211.9M | C$611.1M | C$32.6M | −C$89.6M | −C$64.3M | C$44.5M | C$9.5M | −C$88.1M | −C$156.0M |
| Interest income | C$1.6M | C$2.2M | C$1.4M | C$76.6M | C$92.2M | C$112.0M | C$109.7M | C$130.8M | C$133.7M | C$152.1M |
| Interest expense | C$57.2M | C$68.3M | C$84.8M | C$87.8M | C$91.4M | C$107.5M | C$118.5M | C$127.2M | C$137.9M | C$146.4M |
| Income before taxes | C$55.9M | C$154.6M | C$265.8M | −C$14.1M | −C$182.8M | −C$85.7M | −C$8.3M | −C$323.6M | −C$232.1M | −C$308.6M |
| Income taxes | C$52.8M | C$43.2M | −C$23.5M | C$20.1M | −C$5.4M | C$8.6M | −C$15.0M | −C$29.3M | −C$100.0M | −C$153.0M |
| Net income | C$1.8M | C$111.2M | C$289.2M | −C$34.3M | −C$177.4M | −C$94.3M | C$6.6M | −C$294.3M | −C$132.0M | −C$155.6M |
| EBITDA | C$429.6M | C$532.1M | C$611.1M | C$352.7M | C$181.3M | C$247.5M | C$378.1M | C$375.1M | C$275.2M | C$221.6M |
| Gross margin | 82.8% | 83.7% | 37.8% | 13.2% | 71.4% | 1.1% | 10.9% | 7.0% | 1.3% | −5.0% |
| Operating margin | 5.7% | 11.1% | 31.5% | 2.0% | −9.1% | −8.7% | 2.9% | 0.6% | −6.7% | −16.4% |
| Net margin | 0.1% | 5.8% | 14.9% | −2.1% | −18.0% | −12.8% | 0.4% | −19.1% | −10.0% | −16.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$452.8M | C$526.1M | C$478.5M | C$462.2M | C$496.3M | C$468.2M | C$477.2M | C$429.2M | C$527.8M | C$506.9M | C$328.9M | C$425.6M |
| Cost of revenue | C$82.7M | C$84.3M | C$88.5M | C$313.8M | C$75.0M | C$82.2M | C$75.1M | C$359.2M | C$78.2M | C$78.7M | C$265.9M | C$334.3M |
| Gross profit | C$370.1M | C$441.7M | C$390.0M | C$148.4M | C$421.3M | C$386.0M | C$402.1M | C$70.0M | C$449.6M | C$428.1M | C$63.0M | C$91.4M |
| Sales, general & admin | C$26.5M | C$41.7M | C$29.1M | C$30.8M | C$29.8M | C$35.3M | C$23.3M | C$28.7M | C$45.1M | C$39.1M | C$44.2M | C$23.4M |
| Total operating expenses | C$355.7M | C$402.1M | C$419.2M | C$30.8M | C$358.8M | C$347.6M | C$334.7M | C$28.7M | C$384.6M | C$365.2M | C$32.5M | C$23.4M |
| Operating income | C$14.4M | C$39.6M | −C$29.2M | C$117.6M | C$62.5M | C$38.3M | C$67.4M | C$41.3M | C$64.9M | C$62.9M | C$30.5M | C$68.0M |
| Interest income | — | C$783,000 | C$416,000 | C$409,000 | C$499,000 | C$19.6M | C$17.6M | C$777,000 | C$568,000 | C$690,000 | C$16.1M | C$26.3M |
| Interest expense | C$12.3M | C$12.5M | C$12.6M | C$13.8M | C$11.3M | C$14.8M | C$16.9M | C$18.2M | C$18.4M | C$19.5M | C$19.6M | C$21.4M |
| Income before taxes | C$3.1M | C$27.1M | −C$45.3M | C$27.2M | C$49.3M | C$20.6M | C$53.1M | C$31.2M | C$49.6M | C$78.1M | C$20.4M | C$45.7M |
| Income taxes | C$4.0M | C$9.2M | −C$3.4M | C$33.7M | C$14.3M | C$5.7M | C$13.9M | C$10.5M | C$13.1M | −C$68.6M | C$5.8M | C$18.8M |
| Net income | −C$1.2M | C$17.4M | −C$42.2M | −C$6.8M | C$34.5M | C$14.8M | C$39.2M | C$20.7M | C$36.5M | C$146.7M | C$14.6M | C$26.9M |
| EBITDA | C$98.1M | C$123.9M | C$55.8M | C$120.5M | C$139.8M | C$117.6M | C$145.0M | C$122.9M | C$146.0M | C$176.0M | C$89.0M | C$140.4M |
| Gross margin | 81.7% | 84.0% | 81.5% | 32.1% | 84.9% | 82.4% | 84.3% | 16.3% | 85.2% | 84.5% | 19.2% | 21.5% |
| Operating margin | 3.2% | 7.5% | −6.1% | 25.4% | 12.6% | 8.2% | 14.1% | 9.6% | 12.3% | 12.4% | 9.3% | 16.0% |
| Net margin | −0.3% | 3.3% | −8.8% | −1.5% | 7.0% | 3.2% | 8.2% | 4.8% | 6.9% | 28.9% | 4.4% | 6.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in PDS's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PDS financial results
In fiscal year 2025 (ended December 31, 2025), Precision Drilling reported revenue of C$1.8 billion, down 3.1% from the year before. It had net income of C$1.8 million (down 98.3%), a net profit margin of 0.1%. Over five years revenue grew at an average rate of 20.2% a year. Figures are in Canadian dollars, the currency of its financial statements.
See the PDS stock overview for the latest quote and news, or the PDS chart for price history and technical indicators.
PDS income statement FAQ
What is Precision Drilling's annual revenue?
Precision Drilling reported total revenue of C$1.8 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.1% from C$1.9 billion the previous year.
Is Precision Drilling profitable?
Yes. Precision Drilling reported net income of C$1.8 million in fiscal 2025, a net profit margin of 0.1%; its operating margin was 5.7%.
What is Precision Drilling's gross margin?
Precision Drilling's gross margin was 82.8% in fiscal 2025: for every $100 of revenue, Precision Drilling kept $83 after the direct cost of its products and services.
How fast is Precision Drilling growing?
Revenue grew 20.2% a year on average over the last five fiscal years, from C$734.5 million to C$1.8 billion.
When will Precision Drilling report its next earnings?
Precision Drilling is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Precision Drilling's fiscal year end?
Precision Drilling's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.