Patterson Uti Energy (PTEN) Gross Margin (2009 - 2026)
Patterson Uti Energy (PTEN) posted Gross Margin of 95.8% for Q1 2026, down 13.58% sequentially from 110.86% in Q4 2025, and down 53.0% YoY from 203.83% in Q1 2025.
Patterson Uti Energy (PTEN) Gross Margin (2009 - 2026) Analysis & Trends
Patterson Uti Energy has reported Gross Margin for 18 years, with the latest figure at 95.8% in Q1 2026.
- Quarterly Gross Margin fell 53.0% year-over-year to 95.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 83.47% (up 2153.0% YoY) and the FY2025 annual result came in at 99.55%, up 4898.0% from the prior year.
- Gross Margin eased to 95.8% in Q1 2026 per PTEN's latest filing, from 110.86% in the prior quarter.
- Over five years, Gross Margin peaked at 110.86% in Q4 2025 and troughed at 0.9% in Q4 2022.
- A 5-year average of 69.69% and a median of 69.23% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2025: Gross Margin slumped 19393 bps in 2022, then surged 5866 bps in 2025.
- Over 5 years, Gross Margin stood at 0.9% in 2022, then jumped by 3388 bps to 31.37% in 2023, then jumped by 66 bps to 52.2% in 2024, then jumped by 112 bps to 110.86% in 2025, then fell by 14 bps to 95.8% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 95.8%, 110.86%, and 49.48% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.47 Bn | 7.01 Bn | 273.38 Mn | 37.99% |
| 2 | Transocean | 6.66 Bn | 5.87 Bn | 358.00 Mn | 37.06% |
| 3 | Patterson Uti Energy | 4.67 Bn | 4.47 Bn | 597.25 Mn | 48.64% |
| 4 | Helmerich & Payne | 4.36 Bn | 4.13 Bn | 349.94 Mn | 33.82% |
| 5 | Seadrill | 2.94 Bn | 2.58 Bn | 234.00 Mn | 52.12% |
| 6 | Borr Drilling | 1.39 Bn | 1.16 Bn | - | - |
| 7 | Nabors Industries | 1.30 Bn | 792.44 Mn | 309.38 Mn | 37.87% |
| 8 | Precision Drilling | 1.18 Bn | 1.13 Bn | 89.29 Mn | 27.28% |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 22.94% |
| 10 | Sable Offshore | 761.98 Mn | 740.38 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.64% |
| Mar 31, 2026 | 95.80% |
| Dec 31, 2025 | 110.86% |
| Sep 30, 2025 | 49.48% |
| Jun 30, 2025 | 79.11% |
| Mar 31, 2025 | 96.33% |
| Dec 31, 2024 | 52.20% |
| Sep 30, 2024 | 48.14% |
| Jun 30, 2024 | 51.55% |
| Mar 31, 2024 | 96.78% |
| Dec 31, 2023 | 31.37% |
| Sep 30, 2023 | 63.53% |
| Jun 30, 2023 | 74.11% |
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 0.90% |
| Sep 30, 2022 | 100.00% |
| Jun 30, 2022 | 69.23% |
| Mar 31, 2022 | 65.31% |
| Dec 31, 2021 | 194.83% |
| Sep 30, 2021 | 62.35% |