Patterson Uti Energy (PTEN) Asset Utilization Ratio (2009 - 2026)
Patterson Uti Energy recorded quarterly Asset Utilization Ratio of 0.85 in Q1 2026, down 1.86% quarter-over-quarter from 0.87 in Q4 2025, and down 3.88% year-over-year from 0.89 in Q1 2025.
Patterson Uti Energy's Asset Utilization Ratio history runs 18 years deep, the most recent figure standing at 0.85 for Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 3.88% year-over-year to 0.85; the TTM figure through Mar 2026 stood at 0.85 (down 3.88% YoY), while the FY2025 annual figure was 0.85, up 4.31% from the prior year.
- Asset Utilization Ratio came in at 0.85 for Q1 2026 at Patterson Uti Energy, down from 0.87 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.99 in Q2 2023 to a low of 0.41 in Q1 2022.
- A 5-year average of 0.77 and a median of 0.86 in 2022 frame the typical range for Asset Utilization Ratio.
- Across the five-year window, Asset Utilization Ratio soared 174.38% in 2022 and slumped 34.72% in 2023, its largest moves.
- Patterson Uti Energy's Asset Utilization Ratio stood at 0.86 in 2022, then tumbled by 34.72% to 0.56 in 2023, then soared by 63.16% to 0.91 in 2024, then slipped by 4.64% to 0.87 in 2025, then slipped by 1.86% to 0.85 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.85, 0.87, and 0.87 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 0.69 |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 0.43 |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 0.27 |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 0.85 |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 0.62 |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 0.41 |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | 0.00 |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 0.70 |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | 0.29 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.85 |
| Dec 31, 2025 | 0.87 |
| Sep 30, 2025 | 0.87 |
| Jun 30, 2025 | 0.89 |
| Mar 31, 2025 | 0.89 |
| Dec 31, 2024 | 0.91 |
| Sep 30, 2024 | 0.89 |
| Jun 30, 2024 | 0.77 |
| Mar 31, 2024 | 0.66 |
| Dec 31, 2023 | 0.56 |
| Sep 30, 2023 | 0.64 |
| Jun 30, 2023 | 0.99 |
| Mar 31, 2023 | 0.94 |
| Dec 31, 2022 | 0.86 |
| Sep 30, 2022 | 0.63 |
| Jun 30, 2022 | 0.52 |
| Mar 31, 2022 | 0.41 |
| Dec 31, 2021 | 0.31 |
| Sep 30, 2021 | 0.36 |
| Jun 30, 2021 | 0.31 |
| Mar 31, 2021 | 0.28 |
| Dec 31, 2020 | 0.33 |
| Sep 30, 2020 | 0.39 |
| Jun 30, 2020 | 0.48 |
| Mar 31, 2020 | 0.53 |
| Dec 31, 2019 | 0.55 |
| Sep 30, 2019 | 0.57 |
| Jun 30, 2019 | 0.58 |
| Mar 31, 2019 | 0.59 |
| Dec 31, 2018 | 0.59 |
| Sep 30, 2018 | 0.56 |
| Jun 30, 2018 | 0.52 |
| Mar 31, 2018 | 0.49 |
| Dec 31, 2017 | 0.42 |
| Sep 30, 2017 | 0.33 |
| Jun 30, 2017 | 0.28 |
| Mar 31, 2017 | 0.24 |
| Dec 31, 2016 | 0.24 |
| Sep 30, 2016 | 0.25 |
| Jun 30, 2016 | 0.28 |
| Mar 31, 2016 | 0.34 |
| Dec 31, 2015 | 0.41 |
| Sep 30, 2015 | 0.50 |
| Jun 30, 2015 | 0.56 |
| Mar 31, 2015 | 0.60 |
| Dec 31, 2014 | 0.61 |
| Sep 30, 2014 | 0.06 |
| Jun 30, 2014 | 0.03 |
| Mar 31, 2014 | 0.01 |
| Dec 31, 2013 | -0.13 |
| Sep 30, 2013 | 0.87 |
| Jun 30, 2013 | 0.86 |
| Mar 31, 2013 | 0.87 |
| Dec 31, 2012 | 1.05 |
| Sep 30, 2012 | 0.47 |
| Jun 30, 2012 | 0.34 |
| Mar 31, 2012 | 0.33 |
| Dec 31, 2011 | 0.16 |
| Sep 30, 2011 | 0.16 |
| Jun 30, 2011 | 0.27 |
| Mar 31, 2011 | 0.12 |
| Dec 31, 2010 | 0.13 |
| Sep 30, 2010 | 0.14 |
| Jun 30, 2010 | 0.07 |
| Mar 31, 2010 | 0.07 |
| Dec 31, 2009 | 0.07 |
| Sep 30, 2009 | 0.22 |