Precision Drilling (PDS) Gross Margin (2009 - 2026)
Precision Drilling posted quarterly Gross Margin of 31.5% for Q1 2026, down 220.0% year-on-year from 26.25% in Q1 2025, and down 3.08% on a QoQ basis from 32.5% in Q4 2025.
Precision Drilling (PDS) has 18 years of Gross Margin data on file, last reported at 31.5% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 220.0% year-over-year to 31.5%; the trailing twelve-month figure through Mar 2026 stood at 32.16% (down 166.0% YoY), and the FY2025 full-year result was 32.76%, down 160.0% from the prior year.
- Gross Margin for Q1 2026 stood at 31.5%, down from 32.5% in the prior quarter.
- Across five years, Gross Margin topped out at 39.16% in Q1 2023 and bottomed at 26.21% in Q2 2022.
- The 5-year median for Gross Margin is 33.5% (2024), against an average of 33.55%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 579 bps; it then jumped 1287 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 33.36% in 2022, then gained by 13 bps to 37.56% in 2023, then retreated by 11 bps to 33.29% in 2024, then fell by 2 bps to 32.5% in 2025, then declined by 3 bps to 31.5% in 2026.
- The last three Gross Margin figures came in at 31.5% (Q1 2026), 32.5% (Q4 2025), and 32.11% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 31.50% |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 96.17% |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 43.94% |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 47.96% |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 97.34% |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 49.44% |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | -5,252.71% |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 37.02% |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.50% |
| Dec 31, 2025 | 32.50% |
| Sep 30, 2025 | 32.11% |
| Jun 30, 2025 | 32.68% |
| Mar 31, 2025 | 33.70% |
| Dec 31, 2024 | 33.29% |
| Sep 30, 2024 | 34.72% |
| Jun 30, 2024 | 33.50% |
| Mar 31, 2024 | 35.67% |
| Dec 31, 2023 | 37.56% |
| Sep 30, 2023 | 35.53% |
| Jun 30, 2023 | 38.87% |
| Mar 31, 2023 | 39.16% |
| Dec 31, 2022 | 33.36% |
| Sep 30, 2022 | 33.65% |
| Jun 30, 2022 | 26.21% |
| Mar 31, 2022 | 26.29% |
| Dec 31, 2021 | 28.14% |
| Sep 30, 2021 | 27.34% |
| Jun 30, 2021 | 30.00% |
| Mar 31, 2021 | 32.08% |
| Dec 31, 2020 | 37.78% |
| Sep 30, 2020 | 37.42% |
| Jun 30, 2020 | 43.85% |
| Mar 31, 2020 | 34.59% |
| Dec 31, 2019 | 35.07% |
| Sep 30, 2019 | 31.68% |
| Jun 30, 2019 | 29.87% |
| Mar 31, 2019 | 33.51% |
| Dec 31, 2018 | 33.20% |
| Sep 30, 2018 | 28.99% |
| Jun 30, 2018 | 28.68% |
| Mar 31, 2018 | 31.53% |
| Dec 31, 2017 | 32.65% |
| Sep 30, 2017 | 30.39% |
| Jun 30, 2017 | 28.34% |
| Mar 31, 2017 | 29.73% |
| Dec 31, 2016 | 31.74% |
| Sep 30, 2016 | 31.98% |
| Jun 30, 2016 | 31.87% |
| Mar 31, 2016 | 43.05% |
| Dec 31, 2015 | 42.81% |
| Sep 30, 2015 | 37.91% |
| Jun 30, 2015 | 36.89% |
| Mar 31, 2015 | 41.37% |
| Dec 31, 2014 | 42.01% |
| Sep 30, 2014 | 40.52% |
| Jun 30, 2014 | 35.96% |
| Mar 31, 2014 | 41.22% |
| Dec 31, 2013 | 40.82% |
| Sep 30, 2013 | 36.01% |
| Jun 30, 2013 | 31.70% |
| Mar 31, 2013 | 42.62% |
| Dec 31, 2012 | 38.23% |
| Sep 30, 2012 | 38.19% |
| Jun 30, 2012 | 31.76% |
| Mar 31, 2012 | 44.23% |
| Dec 31, 2011 | 45.22% |
| Sep 30, 2011 | 41.45% |
| Jun 30, 2011 | 35.55% |
| Mar 31, 2011 | 42.07% |
| Dec 31, 2010 | 40.71% |
| Sep 30, 2010 | 40.38% |
| Jun 30, 2010 | 33.57% |
| Mar 31, 2010 | 40.81% |
| Dec 31, 2009 | 43.77% |
| Sep 30, 2009 | 39.65% |
| Jun 30, 2009 | 48.70% |
| Mar 31, 2009 | 43.41% |