Patterson-Uti Energy Inc Financials
Patterson-Uti Energy Inc (PTEN) reported $4.8B in revenue for fiscal year 2025, down 10.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash generation stayed durable despite reported losses, showing a capital-intensive business where accounting charges can obscure operations.
Across FY2024-FY2025, net losses totaled-$1.06B while operating cash flow reached$2.14B . That unusually wide gap means the income statement was carrying heavy non-cash damage, while the underlying business still turned activity into cash.
Capital spending remains structural, not optional: FY2025 operating cash flow of
Leverage looks fairly contained even after the earnings swing: long-term debt stayed near
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Patterson-Uti Energy Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Patterson-Uti Energy Inc scores 1.82, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($4.6B) relative to total liabilities ($2.3B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Patterson-Uti Energy Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Patterson-Uti Energy Inc reported a net loss of $93.1M while generating $961.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Patterson-Uti Energy Inc reported an operating loss of $40.8M against $70.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Patterson-Uti Energy Inc generated $4.8B in revenue in fiscal year 2025. This represents a decrease of 10.3% from the prior year.
Patterson-Uti Energy Inc reported -$93.1M in net income in fiscal year 2025. This represents an increase of 90.4% from the prior year.
Patterson-Uti Energy Inc earned -$0.24 per diluted share (EPS) in fiscal year 2025. This represents an increase of 90.2% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Patterson-Uti Energy Inc generated $372.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 25.1% from the prior year.
Patterson-Uti Energy Inc held $418.5M in cash against $1.2B in long-term debt as of fiscal year 2025.
Patterson-Uti Energy Inc paid $0.32 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
Patterson-Uti Energy Inc's operating margin was -0.9% in fiscal year 2025, reflecting core business profitability. This is up 15.7 percentage points from the prior year.
Patterson-Uti Energy Inc's net profit margin was -1.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.0 percentage points from the prior year.
Patterson-Uti Energy Inc's ROE was -2.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 25.0 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Patterson-Uti Energy Inc spent $69.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 76.0% from the prior year.
Patterson-Uti Energy Inc invested $589.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.2% from the prior year.
Not reported for fiscal year 2025.
PTEN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7B | $4.8B-10.3% | $5.4B+29.7% | $4.1B+56.6% | $2.6B+95.1% | $1.4B+20.7% | $1.1B-54.5% | $2.5B-25.7% | $3.3B+41.2% | $2.4B+157.3% | $915.9M-51.6% | $1.9B-40.6% | $3.2B+17.2% | $2.7B-0.3% | $2.7B+6.1% | $2.6B |
| SG&A Expenses | $260.3M | $255.1M-4.9% | $268.3M+57.9% | $170.0M+45.8% | $116.6M+26.2% | $92.4M-5.4% | $97.6M-26.9% | $133.5M-0.4% | $134.1M+26.7% | $105.8M+52.9% | $69.2M-7.6% | $74.9M-6.5% | $80.1M+8.5% | $73.9M+14.5% | $64.5M+0.3% | $64.3M |
| Operating Income | -$49.6M | -$40.8M+95.4% | -$889.7M-352.8% | $352.0M+66.8% | $211.0M+131.1% | -$677.8M+24.0% | -$892.3M-93.3% | -$461.6M-43.3% | -$322.2M-10.1% | -$292.5M+35.9% | -$456.2M-12.1% | -$407.0M-243.7% | $283.1M-12.1% | $322.2M-35.2% | $497.4M-5.4% | $525.6M |
| Interest Expense | $73.0M | $70.5M-2.0% | $72.0M+36.1% | $52.9M+31.3% | $40.3M-4.1% | $42.0M+3.0% | $40.8M-45.8% | $75.2M+45.8% | $51.6M+37.6% | $37.5M-7.2% | $40.4M+10.7% | $36.5M+22.3% | $29.8M+5.2% | $28.4M+24.7% | $22.8M+45.3% | $15.7M |
| Income Tax | -$24.8M | -$9.9M-205.1% | $9.5M-84.5% | $61.2M+363.1% | $13.2M+121.1% | -$62.7M+50.8% | -$127.3M-21.6% | -$104.7M-127.6% | -$46.0M+86.2% | -$333.7M-87.9% | -$177.6M-20.0% | -$148.0M-261.5% | $91.6M-15.5% | $108.4M-38.5% | $176.2M-6.2% | $187.9M |
| Net Income | -$89.1M | -$93.1M+90.4% | -$966.4M-492.9% | $246.0M+59.0% | $154.7M+123.6% | -$654.5M+18.6% | -$803.7M-88.8% | -$425.7M-32.4% | -$321.4M-5538.6% | $5.9M+101.9% | -$318.6M-8.2% | -$294.5M-281.0% | $162.7M-13.5% | $188.0M-37.2% | $299.5M-7.1% | $322.4M |
| EPS (Diluted) | — | -$0.24+90.2% | -$2.44-377.3% | $0.88 | $0.70+120.8% | -$3.36+21.3% | -$4.27-103.3% | -$2.10-42.9% | -$1.47-5000.0% | $0.03+101.4% | -$2.18-9.0% | -$2.00-280.2% | $1.11-13.3% | $1.28-34.7% | $1.96-4.9% | $2.06 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PTEN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.6B-4.5% | $5.8B-21.4% | $7.4B+136.0% | $3.1B+6.3% | $3.0B-10.3% | $3.3B-25.7% | $4.4B-18.8% | $5.5B-5.0% | $5.8B+52.7% | $3.8B-15.5% | $4.5B-17.2% | $5.4B+15.0% | $4.7B+2.9% | $4.6B+7.9% | $4.2B |
| Current Assets | $1.4B+9.5% | $1.3B-12.8% | $1.5B+79.1% | $829.4M+42.1% | $583.7M+22.1% | $478.0M-24.4% | $631.8M-33.5% | $950.2M+27.2% | $746.9M+202.5% | $246.9M-49.3% | $486.5M-46.5% | $909.1M+12.4% | $808.6M+15.5% | $700.0M-8.5% | $765.0M |
| Cash & Equivalents | $418.5M+75.0% | $239.2M+25.8% | $190.1M+38.2% | $137.6M+17.0% | $117.5M-47.7% | $224.9M+29.1% | $174.2M-28.9% | $245.0M+472.1% | $42.8M+21.8% | $35.2M-69.0% | $113.3M+163.5% | $43.0M-82.8% | $249.5M+125.3% | $110.7M+362.4% | $23.9M |
| Inventory | $160.3M-4.0% | $167.0M-7.6% | $180.8M+176.6% | $65.4M+54.3% | $42.4M+28.0% | $33.1M-9.0% | $36.4M-44.6% | $65.6M-5.2% | $69.2M+242.6% | $20.2M+37.2% | $14.7M-54.4% | $32.3M+51.8% | $21.2M-21.0% | $26.9M-14.1% | $31.3M |
| Accounts Receivable | $723.3M-5.3% | $763.8M-21.3% | $971.1M+71.7% | $565.5M+58.8% | $356.1M+122.3% | $160.2M-52.8% | $339.7M-39.2% | $558.8M-3.7% | $580.4M+291.9% | $148.1M-32.6% | $219.7M-66.9% | $663.4M+46.9% | $451.5M-3.0% | $465.5M-10.2% | $518.1M |
| Goodwill | $487.4M0.0% | $487.4M-64.7% | $1.4B | $0 | $0 | N/A | $395.1M-3.8% | $410.8M-32.8% | $611.5M+609.1% | $86.2M0.0% | $86.2M-59.1% | $210.8M+37.0% | $153.8M0.0% | $153.8M0.0% | $153.8M |
| Total Liabilities | $2.3B-0.5% | $2.4B-9.3% | $2.6B+75.8% | $1.5B+9.6% | $1.3B+5.1% | $1.3B-20.1% | $1.6B-18.2% | $2.0B+10.6% | $1.8B+16.6% | $1.5B-22.6% | $2.0B-20.9% | $2.5B+28.8% | $1.9B+0.8% | $1.9B+12.4% | $1.7B |
| Current Liabilities | $863.6M+2.6% | $842.0M-19.8% | $1.1B+90.7% | $551.0M+26.4% | $435.9M+59.2% | $273.7M-31.7% | $400.6M-23.9% | $526.3M-3.6% | $546.3M+106.3% | $264.8M-13.9% | $307.6M-45.9% | $568.4M+60.4% | $354.3M-1.6% | $359.9M-14.1% | $418.7M |
| Long-Term Debt | $1.2B+0.1% | $1.2B-0.4% | $1.2B+47.4% | $830.9M-2.5% | $852.3M-5.5% | $901.5M-6.7% | $966.5M-13.6% | $1.1B+86.9% | $598.8M+0.1% | $598.4M-24.0% | $787.9M-20.1% | $985.5M+44.4% | $682.5M-1.4% | $692.5M+37.8% | $502.5M |
| Total Equity | $3.2B-7.1% | $3.5B-28.0% | $4.8B+188.9% | $1.7B+3.5% | $1.6B-20.2% | $2.0B-28.9% | $2.8B-19.2% | $3.5B-12.0% | $4.0B+77.1% | $2.2B-12.2% | $2.6B-11.9% | $2.9B+5.4% | $2.8B+4.4% | $2.6B+4.9% | $2.5B |
| Retained Earnings | -$1.3B-21.0% | -$1.0B-1922.3% | $57.0M+165.3% | -$87.4M+55.9% | -$198.3M-142.0% | $472.0M-63.5% | $1.3B-26.2% | $1.8B-16.7% | $2.1B-0.5% | $2.1B-13.9% | $2.5B-12.6% | $2.8B+3.9% | $2.7B+6.2% | $2.5B+11.8% | $2.3B |
PTEN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $733.3M | $961.2M-18.2% | $1.2B+16.9% | $1.0B+77.7% | $566.2M+492.9% | $95.5M-65.8% | $278.9M-59.9% | $696.2M-4.7% | $730.7M+143.0% | $300.7M-1.4% | $305.0M-69.5% | $999.4M+37.1% | $728.7M-18.0% | $888.9M-11.6% | $1.0B+15.7% | $868.6M |
| Capital Expenditures | $555.5M | $589.0M-13.2% | $678.4M+10.2% | $615.7M+41.0% | $436.8M+162.6% | $166.3M+14.3% | $145.5M-58.1% | $347.5M-45.8% | $641.5M+13.1% | $567.1M+373.4% | $119.8M-83.9% | $743.8M-29.3% | $1.1B+58.9% | $662.5M-32.0% | $974.0M-3.7% | $1.0B |
| Free Cash Flow | $177.7M | $372.2M-25.1% | $497.1M+27.4% | $390.2M+201.6% | $129.4M+282.7% | -$70.8M-153.1% | $133.4M-61.7% | $348.7M+290.9% | $89.2M+133.5% | -$266.4M-243.8% | $185.2M-27.5% | $255.7M+179.0% | -$323.6M-242.9% | $226.4M+622.2% | $31.4M+121.9% | -$143.0M |
| Investing Cash Flow | -$537.2M | -$567.2M+13.4% | -$654.7M+35.7% | -$1.0B-146.3% | -$413.2M-214.0% | -$131.6M-5.3% | -$125.0M+58.6% | -$301.8M+48.4% | -$584.6M+42.2% | -$1.0B-933.8% | -$97.8M | N/A | N/A | -$652.1M+28.2% | -$908.0M+5.8% | -$963.6M |
| Financing Cash Flow | -$175.2M | -$210.7M+55.6% | -$475.0M-824.4% | $65.6M+149.2% | -$133.4M-85.4% | -$71.9M+30.3% | -$103.2M+77.8% | -$465.2M-918.1% | $56.9M-92.1% | $716.6M+351.2% | -$285.3M | N/A | N/A | -$97.1M-783.6% | -$11.0M-112.0% | $91.6M |
| Dividends Paid | $136.8M | $122.5M-3.4% | $126.8M+26.7% | $100.0M+132.1% | $43.1M+176.2% | $15.6M-17.3% | $18.9M-41.8% | $32.4M+6.0% | $30.6M+87.5% | $16.3M-30.8% | $23.6M-59.9% | $58.8M+0.8% | $58.3M+100.2% | $29.1M-3.9% | $30.3M-2.4% | $31.0M |
| Share Buybacks | $43.3M | $69.6M-76.0% | $290.4M+44.7% | $200.7M+186.4% | $70.1M+1007.3% | $6.3M-70.1% | $21.2M-91.7% | $255.5M+58.0% | $161.7M+2275.3% | $6.8M+88.6% | $3.6M-54.9% | $8.0M-40.9% | $13.6M-81.6% | $73.5M-56.8% | $170.3M+3847.4% | $4.3M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PTEN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -0.9%+15.7pp | -16.5%-25.0pp | 8.5%+0.5pp | 8.0%+57.9pp | -49.9%+29.4pp | -79.4%-60.7pp | -18.7%-9.0pp | -9.7%+2.7pp | -12.4%+37.4pp | -49.8%-28.3pp | -21.5%-30.4pp | 8.9%-3.0pp | 11.9%-6.4pp | 18.3%-2.2pp | 20.5% |
| Net Margin | -1.9%+16.0pp | -18.0%-23.9pp | 5.9%+0.1pp | 5.8%+54.1pp | -48.2%+23.3pp | -71.5%-54.3pp | -17.2%-7.6pp | -9.7%-9.9pp | 0.3%+35.0pp | -34.8%-19.2pp | -15.6%-20.7pp | 5.1%-1.8pp | 6.9%-4.1pp | 11.0%-1.6pp | 12.6% |
| Return on Equity | -2.9%+25.0pp | -27.9%-33.0pp | 5.1%-4.2pp | 9.3%+50.0pp | -40.7%-0.8pp | -39.9%-24.8pp | -15.0%-5.8pp | -9.2%-9.3pp | 0.1%+14.3pp | -14.2%-2.7pp | -11.5%-17.1pp | 5.6%-1.2pp | 6.8%-4.5pp | 11.3%-1.5pp | 12.8% |
| Return on Assets | -1.7%+14.9pp | -16.6%-19.9pp | 3.3%-1.6pp | 4.9%+27.1pp | -22.1%+2.2pp | -24.4%-14.8pp | -9.6%-3.7pp | -5.9%-6.0pp | 0.1%+8.6pp | -8.5%-1.9pp | -6.6%-9.6pp | 3.0%-1.0pp | 4.0%-2.6pp | 6.6%-1.1pp | 7.6% |
| Current Ratio | 1.64+0.1x | 1.54+0.1x | 1.41-0.1x | 1.51+0.2x | 1.34-0.4x | 1.75+0.2x | 1.58-0.2x | 1.81+0.4x | 1.37+0.4x | 0.93-0.6x | 1.580.0x | 1.60-0.7x | 2.28+0.3x | 1.95+0.1x | 1.83 |
| Debt-to-Equity | 0.380.0x | 0.35+0.1x | 0.25-0.2x | 0.500.0x | 0.53+0.1x | 0.45+0.1x | 0.340.0x | 0.32+0.2x | 0.15-0.1x | 0.270.0x | 0.310.0x | 0.34+0.1x | 0.250.0x | 0.26+0.1x | 0.20 |
| FCF Margin | 7.7%-1.5pp | 9.2%-0.2pp | 9.4%+4.5pp | 4.9%+10.1pp | -5.2%-17.1pp | 11.9%-2.3pp | 14.1%+11.4pp | 2.7%+14.0pp | -11.3%-31.5pp | 20.2%+6.7pp | 13.5%+23.7pp | -10.2%-18.5pp | 8.3%+7.2pp | 1.1%+6.7pp | -5.6% |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Where Patterson-Uti Energy Inc Ranks
Frequently Asked Questions
What is Patterson-Uti Energy Inc's annual revenue?
Patterson-Uti Energy Inc (PTEN) reported $4.8B in total revenue for fiscal year 2025. This represents a -10.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Patterson-Uti Energy Inc's revenue growing?
Patterson-Uti Energy Inc (PTEN) revenue declined by 10.3% year-over-year, from $5.4B to $4.8B in fiscal year 2025.
Is Patterson-Uti Energy Inc profitable?
No, Patterson-Uti Energy Inc (PTEN) reported a net income of -$93.1M in fiscal year 2025, with a net profit margin of -1.9%.
How much debt does Patterson-Uti Energy Inc have?
As of fiscal year 2025, Patterson-Uti Energy Inc (PTEN) had $418.5M in cash and equivalents against $1.2B in long-term debt.
What is Patterson-Uti Energy Inc's operating margin?
Patterson-Uti Energy Inc (PTEN) had an operating margin of -0.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Patterson-Uti Energy Inc's net profit margin?
Patterson-Uti Energy Inc (PTEN) had a net profit margin of -1.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Patterson-Uti Energy Inc pay dividends?
Yes, Patterson-Uti Energy Inc (PTEN) paid $0.32 per share in dividends during fiscal year 2025.
What is Patterson-Uti Energy Inc's return on equity (ROE)?
Patterson-Uti Energy Inc (PTEN) has a return on equity of -2.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Patterson-Uti Energy Inc's free cash flow?
Patterson-Uti Energy Inc (PTEN) generated $372.2M in free cash flow during fiscal year 2025. This represents a -25.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Patterson-Uti Energy Inc's operating cash flow?
Patterson-Uti Energy Inc (PTEN) generated $961.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Patterson-Uti Energy Inc's total assets?
Patterson-Uti Energy Inc (PTEN) had $5.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Patterson-Uti Energy Inc's capital expenditures?
Patterson-Uti Energy Inc (PTEN) invested $589.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Patterson-Uti Energy Inc's current ratio?
Patterson-Uti Energy Inc (PTEN) had a current ratio of 1.64 as of fiscal year 2025, which is generally considered healthy.
What is Patterson-Uti Energy Inc's debt-to-equity ratio?
Patterson-Uti Energy Inc (PTEN) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Patterson-Uti Energy Inc's return on assets (ROA)?
Patterson-Uti Energy Inc (PTEN) had a return on assets of -1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Patterson-Uti Energy Inc's Altman Z-Score?
Patterson-Uti Energy Inc (PTEN) has an Altman Z-Score of 1.82, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Patterson-Uti Energy Inc's Piotroski F-Score?
Patterson-Uti Energy Inc (PTEN) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Patterson-Uti Energy Inc's earnings high quality?
Patterson-Uti Energy Inc (PTEN) reported a net loss of $93.1M while generating $961.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Patterson-Uti Energy Inc cover its interest payments?
Patterson-Uti Energy Inc (PTEN) reported an operating loss of $40.8M against $70.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Patterson-Uti Energy Inc?
Patterson-Uti Energy Inc (PTEN) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.