Drilling Tools International (DTI) Tax Rate (2022 - 2024)
Drilling Tools International (DTI) recorded Tax Rate of 5.35% in Q2 2026, up 50.27 percentage points from -44.91% a year earlier but down 23.29 percentage points from the prior quarter.
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Analysis
Drilling Tools International (DTI) Tax Rate (2022 - 2024) Analysis & Trends
On a TTM basis, Drilling Tools International's Tax Rate came in at 11.46% as of Jun 30, 2026, up 4.50 percentage points year-over-year; for FY2025, it was -31.69%, down 30.68 percentage points from FY2024.
- Annual Tax Rate has a three-year change of -46.61 percentage points (FY2022 to FY2025).
- Across earlier years, Tax Rate came in at -1.01% in FY2024 (-26.50 pp), 25.49% in FY2023 (+10.57 pp) and 14.93% in FY2022.
- Quarterly Tax Rate has ranged from -102.57% in Q3 2024 to 60.53% in Q2 2023 over the past five years.
- On a year-over-year basis, Tax Rate rose in four of the last eight quarters, with an average year-over-year change of -10.85 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 50.27 percentage points in Q2 2026, against a drop of 135.47 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 28.64% (Q1 2026), -10.84% (Q4 2025) and -93.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 74.03 Bn | 71.14 Bn | 1.40 Bn | 20.02% |
| 2 | Baker Hughes | 55.51 Bn | 18.79 Bn | 1.58 Bn | 23.54% |
| 3 | TechnipFMC | 27.04 Bn | 23.19 Bn | 684.70 Mn | 23.96% |
| 4 | Halliburton | 26.27 Bn | 18.03 Bn | 804.00 Mn | 18.98% |
| 5 | Nov | 6.79 Bn | 1.58 Bn | 521.00 Mn | 26.11% |
| 6 | Noble | 6.70 Bn | 4.63 Bn | 239.27 Mn | - |
| 7 | Transocean | 5.82 Bn | 3.53 Bn | 358.00 Mn | 7.61% |
| 8 | Weatherford International | 5.77 Bn | 1.71 Bn | 333.00 Mn | 44.00% |
| 9 | Valaris | 5.44 Bn | 3.05 Bn | 123.70 Mn | 41.69% |
| 10 | Drilling Tools International | 81.15 Mn | 67.78 Mn | 24.94 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 23.06% |
| Sep 30, 2023 | 32.90% |
| Jun 30, 2023 | 60.53% |
| Mar 31, 2023 | 23.21% |
| Dec 31, 2022 | 11.11% |
| Sep 30, 2022 | 8.21% |
| Jun 30, 2022 | 23.30% |
API Access
Drilling Tools International Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=DTI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "DTI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=DTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();