Precision Drilling Corporation (PDS) Key Metrics
PDS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Canadian dollarsPDS returns How much profit the business earns on the capital it uses.
PDS financial health Debt, liquidity and how easily interest is covered.
PDS efficiency & capital use Working capital cycle and where the cash goes.
PDS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PDS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PDS cash returned to shareholders
PDS key metrics in Canadian dollars
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.1% | 6.8% | 20.6% | −2.8% | −13.5% | −6.4% | 0.4% | −17.5% | −7.0% | −7.6% |
| Return on invested capital (ROIC) | 2.2% | 6.1% | 25.1% | 1.1% | −2.9% | −1.8% | 1.1% | 0.2% | −1.9% | −3.2% |
| Return on assets (ROA) | 0.1% | 3.7% | 9.8% | −1.2% | −6.4% | −3.1% | 0.2% | −7.8% | −3.2% | −3.4% |
| Return on tangible assets | 0.1% | 3.8% | 9.6% | −1.2% | −6.7% | −3.3% | 0.2% | −8.3% | −3.6% | −3.8% |
| Free cash flow margin | 8.1% | 14.0% | 14.1% | 3.3% | 6.4% | 22.4% | 8.3% | 10.8% | 1.4% | −8.5% |
| Income quality (OCF / net income) | 223.59 | 4.34 | 1.73 | — | — | — | 43.54 | — | — | — |
| Financial health | ||||||||||
| Total debt | C$744.2M | C$887.6M | C$992.2M | C$1.15B | C$1.17B | C$1.30B | C$1.49B | C$1.71B | C$1.73B | C$1.91B |
| Cash & short-term investments | C$85.8M | C$73.8M | C$54.2M | C$21.6M | C$40.6M | C$108.8M | C$74.7M | C$96.6M | C$65.1M | C$115.7M |
| Net debt | C$658.5M | C$813.8M | C$938.0M | C$1.13B | C$1.13B | C$1.19B | C$1.42B | C$1.61B | C$1.67B | C$1.79B |
| Debt / equity | 0.47 | 0.53 | 0.63 | 0.94 | 0.95 | 0.92 | 0.98 | 1.10 | 0.96 | 0.97 |
| Debt / assets | 0.27 | 0.30 | 0.33 | 0.40 | 0.44 | 0.45 | 0.46 | 0.47 | 0.44 | 0.44 |
| Net debt / EBITDA | 1.53 | 1.53 | 1.53 | 3.21 | 6.21 | 4.80 | 3.76 | 4.29 | 6.05 | 8.08 |
| Current ratio | 1.62 | 1.48 | 1.40 | 1.11 | 1.34 | 2.05 | 1.93 | 1.85 | 2.11 | 1.96 |
| Quick ratio | 1.46 | 1.35 | 1.30 | 1.03 | 1.24 | 1.89 | 1.79 | 1.73 | 1.99 | 1.86 |
| Interest coverage | 1.8 | 3.1 | 7.2 | 0.4 | -1.0 | -0.6 | 0.4 | 0.1 | -0.6 | -1.1 |
| Working capital | C$186.8M | C$162.6M | C$145.2M | C$48.3M | C$81.6M | C$175.4M | C$201.7M | C$240.5M | C$232.1M | C$230.9M |
| Invested capital | C$2.24B | C$2.49B | C$2.51B | C$2.36B | C$2.35B | C$2.60B | C$2.95B | C$3.17B | C$3.48B | C$3.75B |
| Tangible asset value | C$1.57B | C$1.67B | C$1.56B | C$1.21B | C$1.20B | C$1.35B | C$1.46B | C$1.49B | C$1.58B | C$1.75B |
| Net current asset value | −C$650.9M | −C$773.0M | −C$932.5M | −C$1.17B | −C$1.12B | −C$1.15B | −C$1.32B | −C$1.56B | −C$1.64B | −C$1.89B |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | C$9.8M | — | — | C$0 | C$0 | C$0 | C$0 |
| Share buybacks (net) | C$75.6M | C$75.5M | C$30.0M | C$10.0M | C$4.3M | C$11.3M | C$25.9M | C$0 | C$0 | C$0 |
| Dividend payout ratio | — | — | — | — | — | — | 0.0% | — | — | — |
| Dividends + buybacks / free cash flow | 50.9% | 28.4% | 10.9% | 37.5% | 6.8% | 6.9% | 20.3% | 0.0% | 0.0% | — |
| Capex / revenue | 14.3% | 11.4% | 11.7% | 11.4% | 7.7% | 8.4% | 10.4% | 8.2% | 7.4% | 21.4% |
| Capex / operating cash flow | 63.9% | 44.9% | 45.3% | 77.7% | 54.5% | 27.2% | 55.8% | 43.0% | 84.1% | 166.1% |
| Capex / depreciation | 0.83 | 0.70 | 0.76 | 0.66 | 0.27 | 0.19 | 0.48 | 0.34 | 0.26 | 0.52 |
| Stock-based compensation / revenue | 0.8% | 1.0% | 0.3% | 3.7% | 3.2% | 2.4% | 1.3% | 1.1% | 0.5% | 3.0% |
| SG&A / revenue | 6.2% | 7.0% | 6.3% | 11.2% | 9.7% | 9.6% | 6.7% | 7.3% | 6.8% | 11.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 72.3 | 76.8 | 78.7 | 67.0 | 57.4 | 109.8 | 73.8 | 78.6 | 81.5 | 95.7 |
| Days of inventory on hand | 53.0 | 46.4 | 10.7 | 7.6 | 32.1 | 14.6 | 8.7 | 7.5 | 6.8 | 8.8 |
| Days payables outstanding | 134.2 | 156.2 | 84.2 | 64.4 | 95.5 | 37.3 | 29.4 | 27.6 | 22.5 | 28.4 |
| Cash conversion cycle (days) | -8.9 | -33.0 | 5.1 | 10.2 | -5.9 | 87.1 | 53.2 | 58.5 | 65.8 | 76.1 |
| Receivables turnover | 5.05 | 4.75 | 4.64 | 5.45 | 6.36 | 3.32 | 4.95 | 4.64 | 4.48 | 3.82 |
| Payables turnover | 2.72 | 2.34 | 4.34 | 5.67 | 3.82 | 9.79 | 12.42 | 13.22 | 16.23 | 12.83 |
| Inventory turnover | 6.89 | 7.87 | 34.21 | 47.92 | 11.36 | 25.06 | 41.72 | 48.83 | 53.48 | 41.30 |
| Asset turnover | 0.65 | 0.64 | 0.66 | 0.58 | 0.35 | 0.24 | 0.45 | 0.41 | 0.32 | 0.21 |
| Average receivables | C$365.4M | C$400.1M | C$417.7M | C$296.8M | C$155.2M | C$221.0M | C$311.7M | C$332.0M | C$294.9M | C$249.4M |
| Average payables | C$116.9M | C$132.3M | C$277.8M | C$247.6M | C$73.8M | C$74.2M | C$110.5M | C$108.5M | C$80.3M | C$77.9M |
| Average inventory | C$46.1M | C$39.3M | C$35.2M | C$29.3M | C$24.9M | C$29.0M | C$32.9M | C$29.4M | C$24.4M | C$24.2M |
| Intangibles / total assets | 0.7% | 0.4% | 0.5% | 0.7% | 0.9% | 1.9% | 1.9% | 1.9% | 6.0% | 4.9% |
Computed from PDS's annual financial statements (latest annual report filed March 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
PDS valuation and financial ratios
Precision Drilling earned a return on equity of 0.1% and a return on invested capital of 2.2% in fiscal 2025. It ended the year with C$744.2 million of debt and C$85.8 million in cash and short-term investments, net debt of C$658.5 million. It returned C$75.6 million to shareholders: C$0 in dividends and C$75.6 million in share buybacks, 51% of free cash flow.
See the PDS income statement, the PDS chart for price history, or the PDS stock overview for the latest quote and news.
PDS key metrics FAQ
What is Precision Drilling's return on equity?
Precision Drilling's return on equity (ROE) was 0.1% in fiscal 2025: net income of C$1.8 million on average shareholders' equity of C$1.6 billion.
What is Precision Drilling's ROIC?
Precision Drilling's return on invested capital was 2.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Precision Drilling have?
Precision Drilling had total debt of C$744.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.47 and C$658.5 million of net debt (1.53 times EBITDA).
Does Precision Drilling buy back its shares?
Yes. Precision Drilling spent C$75.6 million on net share repurchases in fiscal 2025.
What is Precision Drilling's current ratio?
Precision Drilling's current ratio was 1.62 at the end of fiscal 2025: current assets were 1.62 times current liabilities.