Precision Drilling (PDS) Asset Utilization Ratio (2009 - 2026)
Precision Drilling's (PDS) quarterly Asset Utilization Ratio came in at 0.7 in Q2 2026, up 5.93% YoY from 0.66 in Q2 2025, and up 2.09% on a QoQ basis from 0.69 in Q1 2026.
Precision Drilling (PDS) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has 18 years of Asset Utilization Ratio data on file, last reported at 0.7 in Q2 2026.
- Quarterly Asset Utilization Ratio rose 5.93% year-over-year to 0.7 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.7 (up 5.93% YoY) and the FY2025 annual result came in at 0.77, up 4.27% from the prior year.
- Asset Utilization Ratio climbed to 0.7 in Q2 2026, from 0.69 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.7 in Q2 2026 to a low of 0.41 in Q1 2022.
- A 5-year average of 0.63 and a median of 0.65 in 2024 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio soared 74.9% — and 2024, when it dropped 5.8%.
- Tracing PDS's Asset Utilization Ratio over 5 years: stood at 0.6 in 2022, then gained by 10.69% to 0.67 in 2023, then slipped by 1.34% to 0.66 in 2024, then rose by 0.59% to 0.66 in 2025, then climbed by 5.84% to 0.7 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.7 (Q2 2026), 0.69 (Q1 2026), and 0.66 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | 0.42 |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 0.27 |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | 0.87 |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 0.63 |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 0.38 |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | 0.27 |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | 0.73 |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 0.70 |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 0.40 |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | 0.08 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.70 |
| Mar 31, 2026 | 0.69 |
| Dec 31, 2025 | 0.66 |
| Sep 30, 2025 | 0.65 |
| Jun 30, 2025 | 0.66 |
| Mar 31, 2025 | 0.65 |
| Dec 31, 2024 | 0.66 |
| Sep 30, 2024 | 0.67 |
| Jun 30, 2024 | 0.65 |
| Mar 31, 2024 | 0.64 |
| Dec 31, 2023 | 0.67 |
| Sep 30, 2023 | 0.70 |
| Jun 30, 2023 | 0.69 |
| Mar 31, 2023 | 0.65 |
| Dec 31, 2022 | 0.60 |
| Sep 30, 2022 | 0.54 |
| Jun 30, 2022 | 0.43 |
| Mar 31, 2022 | 0.41 |
| Dec 31, 2021 | 0.39 |
| Sep 30, 2021 | 0.31 |