What is Drilling Tools International's gross margin?

Drilling Tools International (DTI) reported gross margin of 75.1% in Q4 2024.

How has Drilling Tools International's gross margin changed year-over-year?

Drilling Tools International's gross margin decreased by 28.3% year-over-year, from 104.7% to 75.1%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Drilling Tools International DTI Gross margin

Gross margin at other companies

Oil States InternationalOIS

19.8%-3.3pp

Forum Energy TechnologiesFET

27.5%-3.5pp

KLX Energy Services Holdings, Inc.KLXE

20.8%-2.3pp

Nabors IndustriesNBR

40.7%+0.7pp

TransoceanRIG

42.2%+4.7pp

Helmerich & PayneHP

31.5%-5.8pp

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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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.

gross profit/total revenue=75.1%

Based on trailing twelve months.

The official record: Drilling Tools International’s 10-K, filed March 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Drilling Tools International's gross margin?: Drilling Tools International (DTI) reported gross margin of 75.1% in Q4 2024.
How has Drilling Tools International's gross margin changed year-over-year?: Drilling Tools International's gross margin decreased by 28.3% year-over-year, from 104.7% to 75.1%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.