Patterson-UTI Energy, Inc. (PTEN) Key Metrics
PTEN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.37B
- Enterprise value
- $5.31B
- P/E (TTM)
- — 10-yr median 23.9
- Forward P/E
- 35.7
- PEG ratio
- 0.78
- Price / sales
- 0.9 10-yr median 0.9
- Price / book
- 1.4 10-yr median 0.8
- EV / EBITDA
- 6.1 10-yr median 11.0
- Dividend yield
- 3.48% $0.40 a year
- Beta
- 0.78
PTEN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPTEN valuation Price multiples at each fiscal year-end price.
PTEN returns How much profit the business earns on the capital it uses.
PTEN per-share figures Results divided by the shares outstanding at year-end.
PTEN financial health Debt, liquidity and how easily interest is covered.
PTEN efficiency & capital use Working capital cycle and where the cash goes.
PTEN valuation history
PTEN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PTEN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PTEN cash returned to shareholders
PTEN price vs earnings per share
PTEN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.34B | $3.28B | $3.02B | $3.70B | $1.65B | $988.9M | $2.13B | $2.26B | $4.60B | $3.94B |
| Enterprise value | $3.20B | $4.34B | $4.18B | $4.41B | $2.41B | $1.69B | $2.96B | $3.14B | $5.42B | $4.50B |
| P/E ratio | — | — | 12.3 | 23.9 | — | — | — | — | 778.2 | — |
| Price / sales | 0.5 | 0.6 | 0.7 | 1.4 | 1.2 | 0.9 | 0.9 | 0.7 | 2.0 | 4.3 |
| Price / book | 0.7 | 0.9 | 0.6 | 2.2 | 1.0 | 0.5 | 0.8 | 0.6 | 1.2 | 1.7 |
| Price / free cash flow | 6.3 | 6.6 | 7.8 | 28.6 | — | 7.4 | 6.1 | 25.4 | — | 21.2 |
| Price / operating cash flow | 2.4 | 2.8 | 3.0 | 6.5 | 17.3 | 3.5 | 3.1 | 3.1 | 15.3 | 12.9 |
| EV / sales | 0.7 | 0.8 | 1.0 | 1.7 | 1.8 | 1.5 | 1.2 | 0.9 | 2.3 | 4.9 |
| EV / EBITDA | 3.5 | 15.1 | 3.8 | 21.0 | 14.0 | — | 5.4 | 5.9 | 11.0 | 21.2 |
| EV / free cash flow | 8.6 | 8.7 | 10.7 | 34.1 | — | 12.7 | 8.5 | 35.2 | — | 24.3 |
| Earnings yield | −4.0% | −29.5% | 8.1% | 4.2% | −39.7% | −81.3% | −20.0% | −14.2% | 0.1% | −8.1% |
| Free cash flow yield | 15.9% | 15.2% | 12.9% | 3.5% | −4.3% | 13.5% | 16.4% | 3.9% | −5.8% | 4.7% |
| Dividend yield | 5.2% | 3.9% | 3.3% | 1.2% | 0.9% | 1.9% | 1.5% | 1.4% | 0.4% | 0.6% |
| Shareholder yield (dividends + buybacks) | 8.2% | 12.7% | 9.9% | 3.1% | 1.3% | 4.0% | 13.5% | 8.5% | 0.5% | 0.7% |
| Share price at fiscal year-end | $6.11 | $8.26 | $10.80 | $16.84 | $8.45 | $5.26 | $10.50 | $10.35 | $23.01 | $26.92 |
| Per share | ||||||||||
| Revenue per share | $12.59 | $13.54 | $14.81 | $12.06 | $6.96 | $5.98 | $12.17 | $15.22 | $11.79 | $6.27 |
| Earnings per share | −$0.24 | −$2.44 | $0.88 | $0.70 | −$3.36 | −$4.27 | −$2.10 | −$1.47 | $0.03 | −$2.18 |
| Operating cash flow per share | $2.51 | $2.96 | $3.59 | $2.58 | $0.49 | $1.48 | $3.43 | $3.34 | $1.50 | $2.09 |
| Free cash flow per share | $0.97 | $1.25 | $1.39 | $0.59 | −$0.36 | $0.71 | $1.72 | $0.41 | −$1.33 | $1.27 |
| Cash per share | $1.10 | $0.60 | $0.69 | $0.63 | $0.60 | $1.20 | $0.86 | $1.12 | $0.21 | $0.24 |
| Book value per share | $8.39 | $8.73 | $17.18 | $7.59 | $8.25 | $10.72 | $13.96 | $16.03 | $19.92 | $15.38 |
| Tangible book value per share | $5.00 | $5.16 | $8.50 | $7.56 | $8.21 | $10.40 | $11.77 | $13.85 | $16.49 | $14.77 |
| Dividends per share | $0.32 | $0.32 | $0.36 | $0.20 | $0.08 | $0.10 | $0.16 | $0.14 | $0.08 | $0.16 |
| Capex per share | $1.54 | $1.71 | $2.20 | $1.99 | $0.85 | $0.77 | $1.71 | $2.93 | $2.84 | $0.82 |
| Debt per share | $3.34 | $3.27 | $4.80 | $3.90 | $4.50 | $4.93 | $4.94 | $5.12 | $4.34 | $4.09 |
| Shares outstanding | 383.5M | 397.2M | 280.1M | 219.5M | 195.0M | 188.0M | 203.0M | 218.6M | 199.9M | 146.2M |
| Change in shares outstanding | −3.5% | +41.8% | +27.6% | +12.5% | +3.7% | −7.4% | −7.1% | +9.4% | +36.7% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.8% | −23.4% | 7.6% | 9.4% | −36.1% | −33.1% | −13.4% | −8.6% | 0.2% | −13.2% |
| Return on invested capital (ROIC) | −0.5% | −13.4% | 6.8% | −10.6% | −21.0% | −22.1% | −9.1% | −5.5% | −6.1% | −11.8% |
| Return on assets (ROA) | −1.6% | −14.6% | 4.7% | 5.1% | −19.6% | −19.7% | −8.6% | −5.7% | 0.1% | −7.6% |
| Return on tangible assets | −2.2% | −21.9% | 4.9% | 4.9% | −22.2% | −22.0% | −10.7% | −6.4% | 0.1% | −8.6% |
| Free cash flow margin | 7.7% | 9.2% | 9.4% | 4.9% | −5.2% | 11.9% | 14.1% | 2.7% | −11.3% | 20.2% |
| Income quality (OCF / net income) | — | — | 4.08 | 3.66 | — | — | — | — | 50.88 | — |
| Financial health | ||||||||||
| Total debt | $1.28B | $1.30B | $1.35B | $855.7M | $877.3M | $927.7M | $1.00B | $1.12B | $866.8M | $598.4M |
| Cash & short-term investments | $420.6M | $239.2M | $192.7M | $137.6M | $117.5M | $224.9M | $174.2M | $245.0M | $42.8M | $35.2M |
| Net debt | $859.8M | $1.06B | $1.15B | $718.1M | $759.8M | $702.8M | $828.9M | $874.2M | $824.0M | $563.3M |
| Debt / equity | 0.40 | 0.37 | 0.28 | 0.51 | 0.55 | 0.46 | 0.35 | 0.32 | 0.22 | 0.27 |
| Debt / assets | 0.23 | 0.22 | 0.18 | 0.27 | 0.30 | 0.25 | 0.23 | 0.20 | 0.15 | 0.16 |
| Net debt / EBITDA | 0.95 | 3.69 | 1.06 | 3.42 | 4.43 | — | 1.51 | 1.63 | 1.67 | 2.65 |
| Current ratio | 1.64 | 1.54 | 1.41 | 1.51 | 1.34 | 1.75 | 1.58 | 1.81 | 1.37 | 1.07 |
| Quick ratio | 1.46 | 1.34 | 1.24 | 1.39 | 1.24 | 1.63 | 1.49 | 1.68 | 1.24 | 0.99 |
| Interest coverage | -0.4 | -12.4 | 6.7 | -6.8 | -16.1 | -21.9 | -6.1 | -6.2 | -7.8 | -11.3 |
| Working capital | $554.4M | $453.3M | $435.3M | $278.5M | $147.8M | $204.2M | $231.2M | $423.9M | $200.6M | $18.5M |
| Invested capital | $4.08B | $4.53B | $5.97B | $2.38B | $2.37B | $2.72B | $3.66B | $4.38B | $4.81B | $2.81B |
| Tangible asset value | $1.92B | $2.06B | $2.39B | $1.66B | $1.60B | $1.96B | $2.39B | $3.03B | $3.30B | $2.16B |
| Net current asset value | −$927.7M | −$1.06B | −$1.11B | −$648.9M | −$764.7M | −$1.21B | −$974.2M | −$1.01B | −$1.03B | −$1.27B |
| Graham number | — | — | $18.44 | $10.97 | — | — | — | — | $3.64 | — |
| Graham net-net per share | −$3.29 | −$3.57 | −$5.51 | −$3.87 | −$4.83 | −$7.06 | −$5.68 | −$5.78 | −$6.32 | −$9.56 |
| Capital allocation | ||||||||||
| Dividends paid | $122.5M | $126.8M | $100.0M | $43.1M | $15.6M | $18.9M | $32.4M | $30.6M | $16.3M | $23.6M |
| Share buybacks (net) | $69.6M | $290.4M | $200.7M | $70.1M | $6.3M | $21.2M | $255.5M | $161.7M | $6.8M | $3.6M |
| Dividend payout ratio | — | — | 40.6% | 27.9% | — | — | — | — | 276.1% | — |
| Dividends + buybacks / free cash flow | 51.6% | 83.9% | 77.1% | 87.5% | — | 30.0% | 82.6% | 215.6% | — | 14.7% |
| Capex / revenue | 12.2% | 12.6% | 14.8% | 16.5% | 12.3% | 12.9% | 14.1% | 19.3% | 24.1% | 13.1% |
| Capex / operating cash flow | 61.3% | 57.7% | 61.2% | 77.1% | 174.2% | 52.2% | 49.9% | 87.8% | 188.6% | 39.3% |
| Capex / depreciation | 0.63 | 0.58 | 0.84 | 0.90 | 0.20 | 0.22 | 0.35 | 0.75 | 0.72 | 0.18 |
| Stock-based compensation / revenue | 0.8% | 0.9% | 1.1% | 0.8% | 1.6% | 2.4% | 1.6% | 1.1% | 1.9% | 3.1% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.1% | 0.3% | 0.2% | 0.1% | — | — |
| SG&A / revenue | 5.3% | 5.0% | 4.1% | 4.4% | 6.8% | 8.7% | 5.4% | 4.0% | 4.5% | 7.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 60.4 | 62.8 | 72.2 | 66.7 | 70.0 | 82.9 | 67.1 | 62.8 | 56.7 | 80.4 |
| Days of inventory on hand | 13.0 | 12.5 | 12.7 | 8.4 | 7.1 | 8.6 | 6.7 | 7.4 | 6.5 | 4.8 |
| Days payables outstanding | 35.4 | 34.3 | 39.7 | 33.5 | 26.6 | 32.5 | 30.2 | 33.5 | 32.5 | 28.9 |
| Cash conversion cycle (days) | 38.0 | 41.0 | 45.1 | 41.7 | 50.5 | 59.0 | 43.7 | 36.7 | 30.7 | 56.3 |
| Receivables turnover | 6.04 | 5.81 | 5.06 | 5.47 | 5.21 | 4.40 | 5.44 | 5.81 | 6.44 | 4.54 |
| Payables turnover | 10.31 | 10.66 | 9.18 | 10.91 | 13.70 | 11.24 | 12.09 | 10.91 | 11.23 | 12.64 |
| Inventory turnover | 28.09 | 29.28 | 28.78 | 43.26 | 51.19 | 42.42 | 54.50 | 49.26 | 55.97 | 75.47 |
| Asset turnover | 0.85 | 0.81 | 0.79 | 0.87 | 0.41 | 0.28 | 0.50 | 0.59 | 0.49 | 0.22 |
| Average receivables | $798.9M | $925.4M | $820.3M | $483.8M | $260.4M | $255.4M | $454.5M | $572.2M | $365.9M | $201.7M |
| Average payables | $446.1M | $477.9M | $385.7M | $213.6M | $140.9M | $131.0M | $229.7M | $304.3M | $222.6M | $104.2M |
| Average inventory | $163.7M | $173.9M | $123.1M | $53.9M | $37.7M | $34.7M | $51.0M | $67.4M | $44.7M | $17.5M |
| Intangibles / total assets | 23.4% | 24.3% | 32.8% | 0.2% | 0.3% | 1.6% | 10.0% | 8.7% | 11.9% | 2.3% |
Computed from PTEN's annual financial statements (latest annual report filed February 10, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PTEN valuation and financial ratios
Patterson-UTI Energy earned a return on equity of −2.8% and a return on invested capital of −0.5% in fiscal 2025. It ended the year with $1.3 billion of debt and $420.6 million in cash and short-term investments, net debt of $859.8 million. It returned $192.1 million to shareholders: $122.5 million in dividends and $69.6 million in share buybacks, 52% of free cash flow. The share count rose 162.3% from 146.2M to 383.5M over 9 years.
See the PTEN income statement, the PTEN chart for price history, or the PTEN stock overview for the latest quote and news.
PTEN key metrics FAQ
What is Patterson-UTI Energy's EV/EBITDA?
Patterson-UTI Energy's enterprise value was 3.5 times EBITDA at the end of fiscal 2025 (enterprise value $3.2 billion, EBITDA $907.8 million); the current EV/EBITDA is 6.1.
What is Patterson-UTI Energy's return on equity?
Patterson-UTI Energy's return on equity (ROE) was −2.8% in fiscal 2025: net income of -$93.6 million on average shareholders' equity of $3.3 billion.
What is Patterson-UTI Energy's ROIC?
Patterson-UTI Energy's return on invested capital was −0.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Patterson-UTI Energy have?
Patterson-UTI Energy had total debt of $1.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.40 and $859.8 million of net debt (0.95 times EBITDA).
What is Patterson-UTI Energy's dividend yield?
Patterson-UTI Energy's forward dividend yield is 3.48%. Patterson-UTI Energy paid $122.5 million in dividends in fiscal 2025 ($0.32 per share), a payout ratio of —.
Does Patterson-UTI Energy buy back its shares?
Yes. Patterson-UTI Energy spent $69.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.5% over the year, to 383.5M..
What is Patterson-UTI Energy's free cash flow yield?
Patterson-UTI Energy generated $372.2 million of free cash flow in fiscal 2025, a free cash flow yield of 15.9% on its market value at year-end ($2.3 billion).
What is Patterson-UTI Energy's current ratio?
Patterson-UTI Energy's current ratio was 1.64 at the end of fiscal 2025: current assets were 1.64 times current liabilities.