Precision Drilling (PDS) Operating Margin (2009 - 2026)
Precision Drilling (PDS) reported Operating Margin of 23.56% for Q1 2026, down 414.0% on a YoY basis from 7.5% in Q1 2025, and down 10.79% quarter-over-quarter from 26.41% in Q4 2025.
Precision Drilling (PDS) Operating Margin (2009 - 2026) Analysis & Trends
Precision Drilling has reported Operating Margin for 18 years, with the latest figure at 23.56% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 414.0% year-over-year to 23.56%; the trailing twelve-month figure through Mar 2026 stood at 25.4% (down 216.0% YoY), and the FY2025 full-year result was 26.56%, down 84.0% from the prior year.
- Operating Margin for Q1 2026 stood at 23.56%, down from 26.41% in the prior quarter.
- The five-year high for Operating Margin was 36.38% in Q1 2023, with the low at 10.49% in Q1 2022.
- Historically, Operating Margin has averaged 25.9% across 5 years, with a median of 26.59% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin soared 3945 bps — and 2024, when it tumbled 926 bps.
- Precision Drilling's Operating Margin stood at 17.84% in 2022, then soared by 67 bps to 29.84% in 2023, then dropped by 14 bps to 25.74% in 2024, then grew by 3 bps to 26.41% in 2025, then slipped by 11 bps to 23.56% in 2026.
- The last three Operating Margin figures came in at 23.56% (Q1 2026), 26.41% (Q4 2025), and 25.45% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 23.56% |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 28.68% |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 26.55% |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | -1.28% |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | -3.96% |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 6.70% |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | -9,343.35% |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | -60.65% |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | 18.62% |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 4.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.56% |
| Dec 31, 2025 | 26.41% |
| Sep 30, 2025 | 25.45% |
| Jun 30, 2025 | 26.59% |
| Mar 31, 2025 | 27.70% |
| Dec 31, 2024 | 25.74% |
| Sep 30, 2024 | 29.85% |
| Jun 30, 2024 | 26.82% |
| Mar 31, 2024 | 27.12% |
| Dec 31, 2023 | 29.84% |
| Sep 30, 2023 | 25.65% |
| Jun 30, 2023 | 33.38% |
| Mar 31, 2023 | 36.38% |
| Dec 31, 2022 | 17.84% |
| Sep 30, 2022 | 27.85% |
| Jun 30, 2022 | 19.66% |
| Mar 31, 2022 | 10.49% |
| Dec 31, 2021 | -1.70% |
| Sep 30, 2021 | -8.18% |
| Jun 30, 2021 | -19.79% |