PDS

MKT CAP:$1B

Precision Drilling Corporation

Market Cap

$1B

Energy·Oil & Gas Drilling·🇨🇦 Canada·NYSE

Energy·Oil & Gas Drilling·🇨🇦·NYSE

Stock Price

$92.05+$18.37 (+24.93%)

Apr 23, 2026

Company Details

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle ...

CEO

Carey Thomas Ford

IPO Date

Nov 15, 1996

Website

www.precisiondrilling.com

Key Metrics TTM

Revenue

$1.4B

-8.2% YoY

Net Income

$24M

EPS (Diluted)

$1.16

Free Cash Flow

$219M

Revenue / Share

$103.73

Gross Margin

49.9%

Operating Margin

10.0%

Net Margin

1.8%

FCF Margin

16.2%

P/S

0.9x

P/E

51.7x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Mar 9, 2026

$1.3B-3.2%EPS $0.10

Q4 2025

Mar 9, 2026

$349M+2.1%EPS -$2.35

FY 2024

Mar 10, 2025

$1.4B-1.8%EPS $5.71

Q4 2024

Mar 10, 2025

$342M-7.6%EPS $0.77

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$279M	$15M	-$7M
Q4 18	$312M	$31M	$26M
Q1 19	$317M	$43M	$19M
Q2 19	$263M	$18M	-$3M
Q3 19	$274M	$27M	$11M
Q3 20	$120M	-$12M	-$20M
Q3 21	$185M	-$29.2K	-$18M
Q1 22	$205M	$14M	-$18M
Q1 23	$408M	$108M	$96M
Q2 23	$311M	$67M	$50M
Q4 23	$370M	$313M	$46M
Q1 24	$386M	$329M	$47M
Q2 24	$314M	$51M	$30M
Q3 24	$349M	$294M	$49M
Q4 24	$342M	$282M	$28M
Q4 25	$349M	$49M	$28M

Valuation

Quarter	P/S	P/E
Q3 18	1.2x	—
Q4 18	1.1x	—
Q1 19	1.1x	—
Q2 19	1.0x	—
Q3 19	1.1x	—
Q3 20	1.3x	—
Q3 21	1.5x	—
Q1 22	1.6x	—
Q1 23	1.3x	—
Q2 23	1.1x	33.9x
Q4 23	0.9x	7.2x
Q1 24	0.8x	5.5x
Q2 24	0.9x	7.3x
Q3 24	0.9x	6.9x
Q4 24	0.9x	15.1x
Q4 25	0.9x	51.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 18	$23M	$2M
Q4 18	$68M	$46M
Q1 19	$30M	-$23M
Q2 19	$77M	$46M
Q3 19	$49M	$31M
Q3 20	$31M	$28M
Q3 21	$16M	$2M
Q1 22	-$38M	-$59M
Q1 23	$21M	-$16M
Q2 23	$156M	$123M
Q4 23	$124M	$71M
Q1 24	$48M	$7M
Q2 24	$127M	$99M
Q3 24	$58M	$12M
Q4 24	$119M	$76M
Q4 25	$92M	$33M

Capital Expenditures

Quarter	CapEx
Q3 18	$21M
Q4 18	$22M
Q1 19	$52M
Q2 19	$32M
Q3 19	$17M
Q3 20	$2M
Q3 21	$14M
Q1 22	$21M
Q1 23	$37M
Q2 23	$33M
Q4 23	$54M
Q1 24	$41M
Q2 24	$28M
Q3 24	$47M
Q4 24	$43M
Q4 25	$59M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	+21.6%	+18.2%
Q4 18	+23.0%	+7.0%
Q1 19	+8.2%	+4.3%
Q2 19	+8.7%	+1.7%
Q3 19	-1.8%	-8.0%
Q3 20	-61.4%	-50.8%
Q3 21	-41.5%	-31.8%
Q1 22	-21.9%	-15.7%
Q1 23	+48.7%	+18.3%
Q2 23	+158.2%	+85.6%
Q4 23	+99.7%	+59.8%
Q1 24	+88.0%	+51.2%
Q2 24	-23.2%	-9.1%
Q3 24	+12.1%	+14.6%
Q4 24	-7.6%	-3.2%
Q4 25	-9.4%	-4.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 18	$4M	1.3%
Q4 18	-$1M	-0.4%
Q1 19	$5M	1.7%
Q2 19	$3M	1.0%
Q3 19	$2M	0.7%
Q3 20	$2M	1.9%
Q3 21	$6M	3.1%
Q1 22	$0	0.0%
Q1 23	-$3M	-0.7%
Q2 23	$1M	0.4%
Q4 23	-$2M	-0.5%
Q1 24	$5M	1.4%
Q2 24	$3M	1.0%
Q3 24	$2M	0.5%
Q4 24	$3M	0.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q3 18	$22M	—
Q4 18	$16M	—
Q1 19	$23M	—
Q2 19	$19M	—
Q3 19	$15M	—
Q3 20	$9M	—
Q3 21	$18M	—
Q1 22	—	$32M
Q1 23	$11M	—
Q2 23	$17M	—
Q4 23	$29M	—
Q1 24	$33M	—
Q2 24	$21M	—
Q3 24	$17M	—
Q4 24	$26M	—
Q4 25	—	$21M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$18M	$0	$18M
Q2 22	$38M	$0	$38M
Q3 22	$29M	$0	$29M
Q4 22	$16M	$0	$16M
Q1 23	$30M	$0	$30M
Q2 23	$17M	$0	$17M
Q3 23	$36M	$0	$36M
Q4 23	$40M	$0	$40M
Q1 24	$23M	$0	$23M
Q2 24	$35M	$0	$35M
Q3 24	$18M	$0	$18M
Q4 24	$54M	$0	$54M
Q1 25	$21M	$0	$21M
Q2 25	$34M	$0	$34M
Q3 25	$28M	$0	$28M
Q4 25	$63M	$0	$63M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	15M	+0.1%	+0.2%
Q4 18	15M	+0.0%	+0.2%
Q1 19	15M	+2.2%	+2.4%
Q2 19	15M	-2.1%	+0.1%
Q3 19	15M	-0.3%	-0.3%
Q3 20	14M	-6.3%	-6.6%
Q3 21	13M	-3.1%	-11.4%
Q1 22	13M	+1.3%	-8.2%
Q1 23	15M	+10.1%	+1.4%
Q2 23	15M	-0.6%	+7.5%
Q4 23	16M	+5.2%	+16.6%
Q1 24	14M	-7.1%	+6.9%
Q2 24	14M	-0.1%	-3.0%
Q3 24	15M	+3.4%	+1.0%
Q4 24	14M	-6.1%	-9.8%
Q4 25	13M	-6.7%	-9.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	$38.8K	7K
Q4 18	$43.3K	7K
Q1 19	$44.1K	7K
Q2 19	$36.5K	7K
Q3 19	$38.1K	7K
Q3 20	$16.7K	7K
Q3 21	$25.8K	7K
Q1 22	$28.5K	7K
Q1 23	$56.7K	7K
Q2 23	$43.2K	7K
Q4 23	$51.4K	7K
Q1 24	$53.6K	7K
Q2 24	$43.6K	7K
Q3 24	$48.4K	7K
Q4 24	$47.5K	7K
Q4 25	$48.5K	7K

Revenue / Employee