Precision Drilling (PDS) Net Margin (2009 - 2026)
Precision Drilling (PDS) reported Net Margin of 3.3% for Q1 2026, down 365.0% on a YoY basis from 1.25% in Q1 2025, and up 137.48% quarter-over-quarter from 8.81% in Q4 2025.
Precision Drilling (PDS) Net Margin (2009 - 2026) Analysis & Trends
Precision Drilling has reported Net Margin for 18 years, with the latest figure at 3.3% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 365.0% year-over-year to 3.3%; the trailing twelve-month figure through Mar 2026 stood at 0.79% (down 663.0% YoY), and the FY2025 full-year result was 0.1%, down 575.0% from the prior year.
- Net Margin for Q1 2026 stood at 3.3%, up from 8.81% in the prior quarter.
- The five-year high for Net Margin was 28.95% in Q4 2023, with the low at 12.48% in Q1 2022.
- Historically, Net Margin has averaged 4.22% across 5 years, with a median of 4.43% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin jumped 3015 bps — and 2024, when it tumbled 2579 bps.
- Precision Drilling's Net Margin stood at 0.68% in 2022, then surged by 4143 bps to 28.95% in 2023, then sank by 89 bps to 3.16% in 2024, then sank by 379 bps to 8.81% in 2025, then soared by 137 bps to 3.3% in 2026.
- The last three Net Margin figures came in at 3.3% (Q1 2026), 8.81% (Q4 2025), and 1.46% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 3.30% |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 15.37% |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 6.57% |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | -2.19% |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | -5.99% |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | -1.96% |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | -15,501.65% |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 1.19% |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | -11.74% |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | -1.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.30% |
| Dec 31, 2025 | -8.81% |
| Sep 30, 2025 | -1.46% |
| Jun 30, 2025 | 4.00% |
| Mar 31, 2025 | 6.95% |
| Dec 31, 2024 | 3.16% |
| Sep 30, 2024 | 8.21% |
| Jun 30, 2024 | 4.82% |
| Mar 31, 2024 | 6.92% |
| Dec 31, 2023 | 28.95% |
| Sep 30, 2023 | 4.43% |
| Jun 30, 2023 | 6.32% |
| Mar 31, 2023 | 17.16% |
| Dec 31, 2022 | 0.68% |
| Sep 30, 2022 | 7.15% |
| Jun 30, 2022 | -7.55% |
| Mar 31, 2022 | -12.48% |
| Dec 31, 2021 | -9.26% |
| Sep 30, 2021 | -14.98% |
| Jun 30, 2021 | -37.70% |