The Filing Desk

Patterson-UTI Energy vs Valaris

Patterson-UTI Energy PTEN · Valaris VAL · Oil & Gas Drilling

Patterson-UTI Energy reported revenue of $4.8 billion in fiscal 2025, 2.0 times Valaris' $2.4 billion in fiscal 2025. Patterson-UTI Energy's revenue fell 10.2% in its latest year, and Valaris' grew 0.3%. Patterson-UTI Energy had an operating margin of -0.8%, against 20.1% at Valaris. Free cash flow was $372 million at Patterson-UTI Energy and $203 million at Valaris.

Side by side

Patterson-UTI EnergyValaris
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$4.8B$2.4B
Revenue growth−10.2%0.3%
Revenue growth a year, last 5 years33.8%2.9%
Gross margin—31.2%
Operating margin−0.8%20.1%
Net margin−1.9%41.5%
Free cash flow$372M$203M
Free cash flow margin7.7%8.6%
Return on capital−0.8%14.4%
Net debt to EBITDA—0.8x
Dividends and buybacks$192M$100M
Change in diluted share count−3.5%−2.7%
Last close$12.25$99.18
P/E at the last close—7.5×
Insider trades, last 12 monthssold $33.9 million—
Piotroski F-score6 of 87 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Patterson-UTI EnergyValaris
Operating margin
Percent of revenue
Patterson-UTI EnergyValaris
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Patterson-UTI EnergyValaris

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Patterson-UTI Energy and Valaris pages.