Patterson-UTI Energy, Inc.
PTENFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
5,378
Cost of Revenue
5,092
Gross Profit
286
Gross Margin
5.3%
Operating Income
-890
Operating Margin
-16.5%
Net Income
-968
Net Margin
-18.0%
EPS (Basic)
$-2.44
EPS (Diluted)
$-2.44
EBITDA
287
EBITDA Margin
5.3%
2023
12/31/2023
Revenue
4,146
Cost of Revenue
3,543
Gross Profit
604
Gross Margin
14.6%
Operating Income
352
Operating Margin
8.5%
Net Income
246
Net Margin
5.9%
EPS (Basic)
$0.88
EPS (Diluted)
$0.88
EBITDA
1,091
EBITDA Margin
26.3%
2022
12/31/2022
Revenue
2,648
Cost of Revenue
2,330
Gross Profit
317
Gross Margin
12.0%
Operating Income
211
Operating Margin
8.0%
Net Income
155
Net Margin
5.8%
EPS (Basic)
$0.72
EPS (Diluted)
$0.70
EBITDA
692
EBITDA Margin
26.1%
2021
12/31/2021
Revenue
1,357
Cost of Revenue
1,931
Gross Profit
-574
Gross Margin
-42.3%
Operating Income
-678
Operating Margin
-49.9%
Net Income
-655
Net Margin
-48.2%
EPS (Basic)
$-3.37
EPS (Diluted)
$-3.37
EBITDA
171
EBITDA Margin
12.6%
2020
12/31/2020
Revenue
1,124
Cost of Revenue
1,473
Gross Profit
-349
Gross Margin
-31.0%
Operating Income
-892
Operating Margin
-79.4%
Net Income
-804
Net Margin
-71.5%
EPS (Basic)
$-4.27
EPS (Diluted)
$-4.27
EBITDA
-219
EBITDA Margin
-19.5%