Precision Drilling (PDS) Gross Margin (2009 - 2026)
Precision Drilling's Gross Margin came in at 29.33% for Q3 2026, down 2.77 percentage points from 32.11% a year earlier but up 2.06 percentage points from the prior quarter.
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Analysis
Precision Drilling (PDS) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Precision Drilling reported Gross Margin of 30.20%, down 2.76 percentage points year-over-year; for FY2025, it came in at 32.76%, down 1.60 percentage points from FY2024.
- Gross Margin carries a five-year change of -4.89 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 34.36% in FY2024 (-3.48 pp), 37.84% in FY2023 (+7.38 pp), 30.46% in FY2022 (+1.20 pp) and 29.26% in FY2021 (-8.40 pp).
- The five-year range for quarterly Gross Margin is 26.21% (Q2 2022) to 39.16% (Q1 2023).
- Year-over-year, Gross Margin has declined for 11 consecutive quarters, with an average year-over-year change of -2.61 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2023 (a gain of 12.87 percentage points), and the weakest in Q4 2021 (a drop of 9.64 percentage points).
- Business Quant data shows PDS's Gross Margin at 27.28% (Q2 2026), 31.50% (Q1 2026) and 32.50% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.30 Bn | 73.91 Bn | 1.57 Bn | 16.57% |
| 2 | Baker Hughes | 49.10 Bn | 11.25 Bn | 1.96 Bn | 24.39% |
| 3 | Halliburton | 27.94 Bn | 19.88 Bn | 840.00 Mn | 14.73% |
| 4 | TechnipFMC | 25.83 Bn | 21.81 Bn | 728.70 Mn | 25.16% |
| 5 | Noble | 6.97 Bn | 5.04 Bn | 228.22 Mn | 31.32% |
| 6 | Nov | 6.45 Bn | 1.39 Bn | 439.00 Mn | 19.72% |
| 7 | Weatherford International | 6.27 Bn | 2.04 Bn | 374.00 Mn | 32.72% |
| 8 | Transocean | 6.19 Bn | 4.23 Bn | 348.00 Mn | 37.14% |
| 9 | Valaris | 5.84 Bn | 3.59 Bn | 176.30 Mn | 29.70% |
| 10 | Precision Drilling | 1.32 Bn | 1.17 Bn | 111.41 Mn | 29.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.33% |
| Jun 30, 2026 | 27.28% |
| 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% |
API Access
Precision Drilling Gross Margin 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=gross-margin&ticker=PDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();