What is Drilling Tools International's free cash flow yield?

Drilling Tools International (DTI) reported free cash flow yield of -13% in Q2 2024.

How has Drilling Tools International's free cash flow yield changed year-over-year?

Drilling Tools International's free cash flow yield increased by 44.7% year-over-year, from -23.6% to -13%.

What does free cash flow yield mean?

Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.

Drilling Tools International DTI Free cash flow yield

Free cash flow yield at other companies

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9.7%+0.3pp

Weatherford InternationalWFRD

6.9%-5.6pp

Forum Energy TechnologiesFET

8.8%-27.1pp

KLX Energy Services Holdings, Inc.KLXE

41%—

Nabors IndustriesNBR

19.6%—

Patterson-UTI EnergyPTEN

6.8%-6.0pp

Other financials

Income statement

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Revenue$38.0M-11.5%

Gross profit$29.0M-0.5%

Operating income$3.3M-35.6%

Net income-$1.5M+7.7%

EPS (diluted)-$0.04+20.0%

Balance sheet

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Cash & equivalents$2.8M+1.8%

Total debt$44.2M-9.3%

Total equity$120.4M-1.9%

Total assets$224.7M-3.6%

Cash flow

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Operating cash flow-$3.2M-230%

CapEx$7.7M+52.4%

Free cash flow-$10.9M-315%

Valuation

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Market cap$67.82M-35.2%

Enterprise value$109.2M-27.9%

P/S0.4×-0.2×

Profitability

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Gross margin75.1%-29.7pp

Operating margin7.2%-8.6pp

Net margin5.5%-3.2pp

FCF margin-14.7%-151pp

Returns & leverage

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Return on equity13.4%-28.2pp

Debt / equity0.4×0.0×

Current ratio2.2×+0.2×

Where this comes from

Calculated from Drilling Tools International’s reported figures.

free cash flow/market cap=-13%

Based on trailing twelve months.

The official record: Drilling Tools International’s 10-Q, filed August 9, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Drilling Tools International's free cash flow yield?: Drilling Tools International (DTI) reported free cash flow yield of -13% in Q2 2024.
How has Drilling Tools International's free cash flow yield changed year-over-year?: Drilling Tools International's free cash flow yield increased by 44.7% year-over-year, from -23.6% to -13%.
What does free cash flow yield mean?: Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.