Patterson-UTI Energy, Inc. (PTEN) Income Statement
PTEN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPTEN revenue and net income
Where PTEN's revenue goes
2025Each bar shows an amount and its share of revenue. PTEN kept −1.9% of revenue as net income.
PTEN profit margins
PTEN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −10.3% | +22.2% | +33.8% | +9.8% |
| Gross profit | −19.7% | −10.2% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PTEN quarterly EPS vs estimates
Patterson-UTI Energy beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.03).
PTEN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.83B | $5.38B | $4.15B | $2.65B | $1.36B | $1.12B | $2.47B | $3.33B | $2.36B | $915.9M |
| Cost of revenue | $4.60B | $5.09B | $3.54B | $2.33B | $1.93B | $1.47B | $2.78B | $3.32B | $2.50B | $1.32B |
| Gross profit | $229.9M | $286.2M | $603.7M | $317.1M | −$574.0M | −$348.6M | −$306.9M | $8.2M | −$144.2M | −$401.3M |
| Research & development | — | — | $992,000 | $992,000 | $1.4M | $3.4M | $3.8M | $3.4M | $0 | $0 |
| Sales, general & admin | $255.1M | $268.3M | $170.8M | $116.6M | $92.4M | $97.6M | $133.5M | $134.1M | $105.8M | $69.2M |
| Total operating expenses | $255.1M | $1.18B | $251.8M | $104.0M | $103.7M | $543.7M | $154.7M | $116.5M | $73.9M | $54.9M |
| Operating income | −$25.2M | −$889.7M | $352.0M | −$273.8M | −$677.8M | −$892.3M | −$461.6M | −$322.2M | −$292.5M | −$456.2M |
| Interest income | $6.6M | $5.7M | $4.9M | $360,000 | $222,000 | $1.3M | $6.0M | $5.6M | $1.9M | $327,000 |
| Interest expense | $70.5M | $72.0M | $52.9M | $40.3M | $42.0M | $40.8M | $75.2M | $51.6M | $37.5M | $40.4M |
| Income before taxes | −$103.0M | −$956.9M | $307.1M | $167.9M | −$719.8M | −$931.0M | −$530.4M | −$367.4M | −$327.8M | −$496.2M |
| Income taxes | −$9.9M | $9.5M | $61.2M | $13.2M | −$62.7M | −$127.3M | −$104.7M | −$46.0M | −$333.7M | −$177.6M |
| Net income | −$93.6M | −$968.0M | $246.3M | $154.7M | −$654.5M | −$803.7M | −$425.7M | −$321.4M | $5.9M | −$318.6M |
| EBITDA | $907.8M | $286.9M | $1.09B | $210.2M | $171.4M | −$219.3M | $548.7M | $535.6M | $493.0M | $212.6M |
| EPS (diluted) | −$0.20 | −$2.44 | $1.29 | $0.70 | −$1.92 | −$2.18 | −$1.02 | −$0.36 | −$1.09 | −$2.16 |
| Gross margin | 4.8% | 5.3% | 14.6% | 12.0% | −42.3% | −31.0% | −12.4% | 0.2% | −6.1% | −43.8% |
| Operating margin | −0.5% | −16.5% | 8.5% | −10.3% | −49.9% | −79.4% | −18.7% | −9.7% | −12.4% | −49.8% |
| Net margin | −1.9% | −18.0% | 5.9% | 5.8% | −48.2% | −71.5% | −17.2% | −9.7% | 0.3% | −34.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.12B | $1.15B | $1.18B | $1.22B | $1.28B | $1.16B | $1.36B | $1.35B | $1.51B | $1.58B | $1.01B |
| Cost of revenue | $947.3M | $849.2M | $1.09B | $1.12B | $1.19B | $1.19B | $1.11B | $1.39B | $1.24B | $1.35B | $1.40B | $889.1M |
| Gross profit | $280.6M | $268.2M | $58.0M | $56.5M | $28.1M | $87.3M | $47.9M | −$29.4M | $109.4M | $158.3M | $186.4M | $122.4M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $136,000 | — |
| Sales, general & admin | $67.5M | $68.8M | $62.1M | $64.1M | $64.1M | $66.9M | $73.1M | $65.7M | $64.6M | $65.0M | $61.0M | $45.1M |
| Total operating expenses | $287.6M | $282.5M | $62.1M | $84.6M | $57.6M | $70.3M | $79.2M | $961.3M | $64.3M | $71.3M | $61.9M | $112.7M |
| Operating income | −$7.0M | −$14.3M | −$4.1M | −$28.1M | −$29.5M | $16.9M | −$31.3M | −$990.6M | $45.1M | $87.0M | $124.5M | $9.7M |
| Interest income | $2.9M | $2.8M | $2.4M | $1.5M | $1.3M | $1.5M | $928,000 | $745,000 | $1.9M | $2.2M | $1.5M | $2.1M |
| Interest expense | $20.4M | $17.5M | $17.7M | $17.5M | $17.6M | $17.7M | $17.7M | $18.0M | $17.9M | $18.3M | $18.7M | $15.6M |
| Income before taxes | −$27.9M | −$28.1M | −$15.1M | −$43.0M | −$47.5M | $2.7M | −$49.5M | −$1.01B | $29.4M | $71.7M | $93.3M | −$4.4M |
| Income taxes | $19.3M | −$3.6M | −$5.9M | −$6.6M | $1.2M | $1.4M | $1.9M | −$30.3M | $17.8M | $20.0M | $31.3M | −$4.1M |
| Net income | −$19.6M | −$24.6M | −$9.1M | −$36.4M | −$49.1M | $1.0M | −$51.6M | −$978.8M | $11.1M | $51.2M | $62.0M | $50,000 |
| EBITDA | $210.3M | $207.8M | $217.7M | $200.0M | $232.0M | $252.2M | $215.2M | −$615.9M | $323.5M | $365.0M | $383.5M | $208.9M |
| EPS (diluted) | −$0.06 | −$0.06 | −$0.02 | −$0.05 | −$0.13 | $0.00 | −$0.13 | −$2.50 | $0.04 | $0.15 | $0.19 | $0.20 |
| Gross margin | 22.9% | 24.0% | 5.0% | 4.8% | 2.3% | 6.8% | 4.1% | −2.2% | 8.1% | 10.5% | 11.8% | 12.1% |
| Operating margin | −0.6% | −1.3% | −0.4% | −2.4% | −2.4% | 1.3% | −2.7% | −73.0% | 3.3% | 5.8% | 7.9% | 1.0% |
| Net margin | −1.6% | −2.2% | −0.8% | −3.1% | −4.0% | 0.1% | −4.4% | −72.1% | 0.8% | 3.4% | 3.9% | 0.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PTEN's financial statements (latest annual report filed February 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PTEN financial results
In fiscal year 2025 (ended December 31, 2025), Patterson-UTI Energy reported revenue of $4.8 billion, down 10.3% from the year before. It had a net loss of $93.6 million, a net profit margin of −1.9%. Diluted earnings per share came to −$0.20. Over five years revenue grew at an average rate of 33.8% a year.
See the PTEN stock overview for the latest quote and news, or the PTEN chart for price history and technical indicators.
PTEN income statement FAQ
What is Patterson-UTI Energy's annual revenue?
Patterson-UTI Energy reported total revenue of $4.8 billion for fiscal year 2025, which ended on December 31, 2025. That was down 10.3% from $5.4 billion the previous year.
Is Patterson-UTI Energy profitable?
No. Patterson-UTI Energy reported a net loss of $93.6 million in fiscal 2025, a net profit margin of −1.9%; its operating margin was −0.5%.
What is Patterson-UTI Energy's gross margin?
Patterson-UTI Energy's gross margin was 4.8% in fiscal 2025: for every $100 of revenue, Patterson-UTI Energy kept $5 after the direct cost of its products and services.
How fast is Patterson-UTI Energy growing?
Revenue grew 33.8% a year on average over the last five fiscal years, from $1.1 billion to $4.8 billion.
What are Patterson-UTI Energy's earnings per share?
Patterson-UTI Energy earned $-0.20 per diluted share in fiscal 2025, compared with $-2.44 a year earlier.
When will Patterson-UTI Energy report its next earnings?
Patterson-UTI Energy is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Patterson-UTI Energy's fiscal year end?
Patterson-UTI Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 10, 2026.