Precision Drilling (PDS) Gross Margin (2009 - 2026)

Precision Drilling has reported Gross Margin for 18 years, with the latest figure 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.
• The five-year high for Gross Margin was 39.16% in Q1 2023, with the low at 26.21% in Q2 2022.
• Historically, Gross Margin has averaged 33.55% across 5 years, with a median of 33.5% in 2024.
• Annual changes were most pronounced in 2022 — Gross Margin sank 579 bps — and 2023, when it jumped 1287 bps.
• Precision Drilling's Gross Margin stood at 33.36% in 2022, then rose by 13 bps to 37.56% in 2023, then fell by 11 bps to 33.29% in 2024, then declined by 2 bps to 32.5% in 2025, then dropped 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.