What is Patterson-UTI Energy's price / earnings?

Patterson-UTI Energy (PTEN) reported price / earnings of 34× in Q2 2024.

How has Patterson-UTI Energy's price / earnings changed year-over-year?

Patterson-UTI Energy's price / earnings increased by 250.7% year-over-year, from 9.7× to 34×.

What does price / earnings mean?

Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

Patterson-UTI Energy PTEN Price / earnings

Price / earnings at other companies

HalliburtonHAL

21.2×+10.7×

Helmerich & PayneHP

11.8×0.0×

Liberty EnergyLBRT

31×+20.9×

Weatherford InternationalWFRD

14.7×+6.4×

NOVA, Inc.NOV

12.8×+7.0×

Noble CorporationNE

34.2×+26.0×

Other financials

Income statement

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Revenue$1.1B-12.7%

Operating income-$14.3M-184%

Net income-$24.6M-2,550%

EPS (diluted)-$0.06—

Balance sheet

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Cash & equivalents$337.2M+49.8%

Total debt$1.3B-1.8%

Total equity$3.2B-7.8%

Total assets$5.4B-7.0%

Cash flow

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Operating cash flow$63.9M-69.3%

CapEx$116.6M-27.9%

Free cash flow-$52.8M-214%

Valuation

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Market cap$3.81B+29.4%

Enterprise value$4.74B+18.8%

P/S0.8×+0.2×

Profitability

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Operating margin-1.5%-0.7pp

Net margin-2.6%-1.2pp

FCF margin6%-1.9pp

Returns & leverage

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Return on equity-3.6%-1.7pp

Debt / equity0.4×0.0×

Current ratio1.8×+0.2×

Where this comes from

Calculated from Patterson-UTI Energy’s reported figures.

market cap/net income=34×

Based on the most recent quarter.

The official record: Patterson-UTI Energy’s 10-Q, filed July 29, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Patterson-UTI Energy's price / earnings?: Patterson-UTI Energy (PTEN) reported price / earnings of 34× in Q2 2024.
How has Patterson-UTI Energy's price / earnings changed year-over-year?: Patterson-UTI Energy's price / earnings increased by 250.7% year-over-year, from 9.7× to 34×.
What does price / earnings mean?: Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.