Precision Drilling (PDS) Tax Rate (2009 - 2026)
Precision Drilling's (PDS) quarterly Tax Rate came in at 22.14% in Q2 2026, up 1783.0% YoY from 1.18% in Q2 2025, and up 753.57% on a QoQ basis from 2.59% in Q1 2026.
Precision Drilling (PDS) Tax Rate (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has 18 years of Tax Rate data on file, last reported at 22.14% in Q2 2026.
- Quarterly Tax Rate rose 1783.0% year-over-year to 22.14% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 6.79% (down 1174.0% YoY) and the FY2025 annual result came in at 131.99%, up 9292.0% from the prior year.
- Tax Rate advanced to 22.14% in Q2 2026, from 2.59% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 22.14% in Q2 2026 to a low of 3.06% in Q2 2022.
- A 5-year average of 5.0% and a median of 3.38% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate slumped 1347 bps — and 2026, when it surged 1783 bps.
- Tracing PDS's Tax Rate over 5 years: stood at 14.09% in 2022, then tumbled by 96 bps to 0.62% in 2023, then jumped by 2088 bps to 13.61% in 2024, then plunged by 44 bps to 7.6% in 2025, then jumped by 191 bps to 22.14% in 2026.
- The last three Tax Rate figures came in at 22.14% (Q2 2026), 2.59% (Q1 2026), and 7.6% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | -79.89% |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 7.61% |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 30.97% |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 48.10% |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 29.27% |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | -4.73% |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 110.23% |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 22.14% |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 41.69% |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -72.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.14% |
| Jun 30, 2026 | 22.14% |
| Jun 30, 2026 | 22.14% |
| Mar 31, 2026 | 2.59% |
| Mar 31, 2026 | 2.59% |
| Mar 31, 2026 | 2.59% |
| Dec 31, 2025 | 7.60% |
| Dec 31, 2025 | 7.60% |
| Dec 31, 2025 | 7.60% |
| Sep 30, 2025 | 4.16% |
| Sep 30, 2025 | 4.16% |
| Sep 30, 2025 | 4.16% |
| Jun 30, 2025 | 4.31% |
| Jun 30, 2025 | 4.31% |
| Jun 30, 2025 | 4.31% |
| Mar 31, 2025 | 2.25% |
| Mar 31, 2025 | 2.25% |
| Mar 31, 2025 | 2.25% |
| Dec 31, 2024 | 13.61% |
| Dec 31, 2024 | 13.61% |