Patterson-UTI Energy Inc (PTEN) - Net Assets
Based on the latest financial reports, Patterson-UTI Energy Inc (PTEN) has net assets worth $3.22 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.57 Billion) and total liabilities ($2.35 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Patterson-UTI Energy Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.22 Billion |
| % of Total Assets | 57.89% |
| Annual Growth Rate | 22.67% |
| 5-Year Change | 100.36% |
| 10-Year Change | 43.4% |
| Growth Volatility | 64.21 |
Patterson-UTI Energy Inc - Net Assets Trend (1992–2025)
This chart illustrates how Patterson-UTI Energy Inc's net assets have evolved over time, based on quarterly financial data. Also explore Patterson-UTI Energy Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Patterson-UTI Energy Inc (1992–2025)
The table below shows the annual net assets of Patterson-UTI Energy Inc from 1992 to 2025. For live valuation and market cap data, see market cap of Patterson-UTI Energy Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.22 Billion | -7.22% |
| 2024-12-31 | $3.48 Billion | -27.90% |
| 2023-12-31 | $4.82 Billion | +189.44% |
| 2022-12-31 | $1.67 Billion | +3.48% |
| 2021-12-31 | $1.61 Billion | -20.17% |
| 2020-12-31 | $2.02 Billion | -28.85% |
| 2019-12-31 | $2.83 Billion | -19.16% |
| 2018-12-31 | $3.51 Billion | -11.98% |
| 2017-12-31 | $3.98 Billion | +77.10% |
| 2016-12-31 | $2.25 Billion | -12.20% |
| 2015-12-31 | $2.56 Billion | -11.86% |
| 2014-12-31 | $2.91 Billion | +5.44% |
| 2013-12-31 | $2.76 Billion | +4.37% |
| 2012-12-31 | $2.64 Billion | +4.93% |
| 2011-12-31 | $2.52 Billion | +15.04% |
| 2010-12-31 | $2.19 Billion | +5.09% |
| 2009-12-31 | $2.08 Billion | -2.13% |
| 2008-12-31 | $2.13 Billion | +12.18% |
| 2007-12-31 | $1.90 Billion | +21.35% |
| 2006-12-31 | $1.56 Billion | +14.30% |
| 2005-12-31 | $1.37 Billion | +35.68% |
| 2004-12-31 | $1.01 Billion | +22.86% |
| 2003-12-31 | $820.07 Million | +11.19% |
| 2002-12-31 | $737.56 Million | +7.34% |
| 2001-12-31 | $687.14 Million | +126.92% |
| 2000-12-31 | $302.81 Million | +98.17% |
| 1999-12-31 | $152.80 Million | -2.61% |
| 1998-12-31 | $156.90 Million | +6.81% |
| 1997-12-31 | $146.90 Million | +237.70% |
| 1996-12-31 | $43.50 Million | +113.24% |
| 1995-12-31 | $20.40 Million | +40.69% |
| 1994-12-31 | $14.50 Million | +43.56% |
| 1993-12-31 | $10.10 Million | +165.79% |
| 1992-12-31 | $3.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Patterson-UTI Energy Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 419330.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.24 Million | 0.16% |
| Other Comprehensive Income | $-1.16 Million | -0.04% |
| Other Components | $4.47 Billion | 138.95% |
| Total Equity | $3.22 Billion | 100.00% |
Patterson-UTI Energy Inc Competitors by Market Cap
The table below lists competitors of Patterson-UTI Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chemours Co
NYSE:CC
|
$3.08 Billion |
|
Fuchs Petrolub SE Preference Shares
XETRA:FPE3
|
$3.08 Billion |
|
Brederode SA
BR:BREB
|
$3.08 Billion |
|
ATS CORP
TO:ATS
|
$3.08 Billion |
|
Shikun & Binui
TA:SKBN
|
$3.07 Billion |
|
International Petroleum Corp
TO:IPCO
|
$3.07 Billion |
|
People.Cn Co Ltd
SHG:603000
|
$3.07 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
$3.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Patterson-UTI Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,465,823,000 to 3,218,538,000, a change of -247,285,000 (-7.1%).
- Net loss of 93,635,000 reduced equity.
- Dividend payments of 122,453,000 reduced retained earnings.
- Share repurchases of 69,636,000 reduced equity.
- Other comprehensive income increased equity by 1,429,000.
- Other factors increased equity by 37,010,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-93.64 Million | -2.91% |
| Dividends Paid | $122.45 Million | -3.8% |
| Share Repurchases | $69.64 Million | -2.16% |
| Other Comprehensive Income | $1.43 Million | +0.04% |
| Other Changes | $37.01 Million | +1.15% |
| Total Change | $- | -7.13% |
Book Value vs Market Value Analysis
This analysis compares Patterson-UTI Energy Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 36.65x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $0.33 | $11.99 | x |
| 1993-12-31 | $0.76 | $11.99 | x |
| 1994-12-31 | $0.90 | $11.99 | x |
| 1995-12-31 | $0.91 | $11.99 | x |
| 1996-12-31 | $1.08 | $11.99 | x |
| 1997-12-31 | $2.49 | $11.99 | x |
| 1998-12-31 | $2.48 | $11.99 | x |
| 1999-12-31 | $2.35 | $11.99 | x |
| 2000-12-31 | $2.02 | $11.99 | x |
| 2001-12-31 | $4.34 | $11.99 | x |
| 2002-12-31 | $4.69 | $11.99 | x |
| 2003-12-31 | $4.98 | $11.99 | x |
| 2004-12-31 | $5.95 | $11.99 | x |
| 2005-12-31 | $7.87 | $11.99 | x |
| 2006-12-31 | $9.33 | $11.99 | x |
| 2007-12-31 | $12.08 | $11.99 | x |
| 2008-12-31 | $13.75 | $11.99 | x |
| 2009-12-31 | $13.69 | $11.99 | x |
| 2010-12-31 | $14.27 | $11.99 | x |
| 2011-12-31 | $16.20 | $11.99 | x |
| 2012-12-31 | $17.41 | $11.99 | x |
| 2013-12-31 | $18.97 | $11.99 | x |
| 2014-12-31 | $19.99 | $11.99 | x |
| 2015-12-31 | $17.61 | $11.99 | x |
| 2016-12-31 | $15.38 | $11.99 | x |
| 2017-12-31 | $19.92 | $11.99 | x |
| 2018-12-31 | $16.03 | $11.99 | x |
| 2019-12-31 | $13.96 | $11.99 | x |
| 2020-12-31 | $10.72 | $11.99 | x |
| 2021-12-31 | $8.25 | $11.99 | x |
| 2022-12-31 | $7.59 | $11.99 | x |
| 2023-12-31 | $17.18 | $11.99 | x |
| 2024-12-31 | $8.73 | $11.99 | x |
| 2025-12-31 | $8.39 | $11.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Patterson-UTI Energy Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.94%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.73x
- Recent ROE (-2.91%) is below the historical average (3.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 2.63% | 0.45% | 1.63x | 3.58x | $-280.00K |
| 1993 | 15.84% | 6.48% | 1.34x | 1.82x | $590.00K |
| 1994 | 17.24% | 7.12% | 1.11x | 2.19x | $1.05 Million |
| 1995 | 9.31% | 4.09% | 1.06x | 2.15x | $-140.00K |
| 1996 | 9.89% | 5.14% | 0.95x | 2.02x | $-50.00K |
| 1997 | 15.11% | 11.64% | 0.94x | 1.38x | $7.51 Million |
| 1998 | -0.19% | -0.16% | 0.79x | 1.51x | $-15.99 Million |
| 1999 | -5.96% | -6.01% | 0.64x | 1.55x | $-24.38 Million |
| 2000 | 7.84% | 7.71% | 0.75x | 1.36x | $-6.53 Million |
| 2001 | 23.89% | 16.58% | 1.14x | 1.27x | $95.45 Million |
| 2002 | 0.29% | 0.41% | 0.56x | 1.28x | $-71.59 Million |
| 2003 | 6.75% | 7.13% | 0.72x | 1.31x | $-26.68 Million |
| 2004 | 10.79% | 10.86% | 0.76x | 1.31x | $7.98 Million |
| 2005 | 27.27% | 21.42% | 0.97x | 1.31x | $236.04 Million |
| 2006 | 43.09% | 26.44% | 1.16x | 1.40x | $517.01 Million |
| 2007 | 23.13% | 20.75% | 0.86x | 1.30x | $249.04 Million |
| 2008 | 16.32% | 15.71% | 0.81x | 1.28x | $134.37 Million |
| 2009 | -1.84% | -4.90% | 0.29x | 1.28x | $-246.46 Million |
| 2010 | 5.35% | 7.99% | 0.43x | 1.56x | $-101.82 Million |
| 2011 | 12.81% | 12.57% | 0.61x | 1.68x | $70.75 Million |
| 2012 | 11.34% | 11.00% | 0.60x | 1.73x | $35.41 Million |
| 2013 | 6.82% | 6.92% | 0.58x | 1.70x | $-87.59 Million |
| 2014 | 5.60% | 5.11% | 0.59x | 1.86x | $-127.92 Million |
| 2015 | -11.50% | -15.57% | 0.42x | 1.77x | $-550.60 Million |
| 2016 | -14.17% | -34.79% | 0.24x | 1.69x | $-543.51 Million |
| 2017 | 0.15% | 0.25% | 0.41x | 1.45x | $-392.34 Million |
| 2018 | -9.17% | -9.66% | 0.61x | 1.56x | $-671.96 Million |
| 2019 | -15.02% | -17.23% | 0.56x | 1.57x | $-709.07 Million |
| 2020 | -39.86% | -71.49% | 0.30x | 1.84x | $-1.01 Billion |
| 2021 | -40.67% | -48.23% | 0.46x | 1.84x | $-815.49 Million |
| 2022 | 9.29% | 5.84% | 0.84x | 1.89x | $-11.89 Million |
| 2023 | 5.12% | 5.94% | 0.56x | 1.54x | $-234.94 Million |
| 2024 | -27.93% | -18.00% | 0.92x | 1.68x | $-1.31 Billion |
| 2025 | -2.91% | -1.94% | 0.87x | 1.73x | $-415.49 Million |
Industry Comparison
This section compares Patterson-UTI Energy Inc's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $3,658,831,143
- Average return on equity (ROE) among peers: -4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patterson-UTI Energy Inc (PTEN) | $3.22 Billion | 2.63% | 0.73x | $3.07 Billion |
| Borr Drilling Ltd (BORR) | $1.53 Billion | -12.42% | 0.90x | $1.55 Billion |
| Helmerich and Payne Inc (HP) | $408.20 Million | 1.71% | 0.38x | $3.05 Billion |
| Nabors Industries Ltd (NBR) | $2.48 Billion | -29.24% | 1.73x | $1.14 Billion |
| Noble Corporation plc (NE) | $3.92 Billion | 12.29% | 0.40x | $6.66 Billion |
| Transocean Ltd (RIG) | $10.91 Billion | 2.32% | 0.56x | $6.85 Billion |
| Seadrill Limited (SDRL) | $6.02 Billion | 18.39% | 2.26x | $2.68 Billion |
| Sable Offshore Corp. (SOC) | $339.02 Million | -27.63% | 1.10x | $586.10 Million |
About Patterson-UTI Energy Inc
Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment engages in the provision of contract and dir… Read more