What is Drilling Tools International's return on equity?

Drilling Tools International (DTI) reported return on equity of 13.4% in Q2 2024.

How has Drilling Tools International's return on equity changed year-over-year?

Drilling Tools International's return on equity decreased by 67.8% year-over-year, from 41.6% to 13.4%.

What does return on equity mean?

Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

Drilling Tools International DTI Return on equity

Return on equity at other companies

Oil States InternationalOIS

-17.8%—

Weatherford InternationalWFRD

29.8%-8.7pp

Forum Energy TechnologiesFET

-31.1%-72.4pp

Nabors IndustriesNBR

52.3%+37.4pp

Patterson-UTI EnergyPTEN

-3.6%-1.7pp

Schlumberger SLB

14.6%-6.2pp

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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Debt / equity0.4×0.0×

Current ratio2.2×+0.2×

Where this comes from

Calculated from Drilling Tools International’s reported figures.

net income/total stockholders equity=13.4%

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 return on equity?: Drilling Tools International (DTI) reported return on equity of 13.4% in Q2 2024.
How has Drilling Tools International's return on equity changed year-over-year?: Drilling Tools International's return on equity decreased by 67.8% year-over-year, from 41.6% to 13.4%.
What does return on equity mean?: Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.