Precision Drilling Corporation
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 the United States, Canada, and internationally. It operates through Contract Drilling Services; and Completion and Production Services segments. The Contract Drilling Services segment offe… Read more
Precision Drilling Corporation (PDS) - Net Assets
Latest net assets as of December 2025: $1.59 Billion USD
Based on the latest financial reports, Precision Drilling Corporation (PDS) has net assets worth $1.59 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 ($2.72 Billion) and total liabilities ($1.14 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.59 Billion |
| % of Total Assets | 58.27% |
| Annual Growth Rate | 5.27% |
| 5-Year Change | 29.54% |
| 10-Year Change | -19.09% |
| Growth Volatility | 27.16 |
Precision Drilling Corporation - Net Assets Trend (1995–2025)
This chart illustrates how Precision Drilling Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Precision Drilling Corporation (1995–2025)
The table below shows the annual net assets of Precision Drilling Corporation from 1995 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.59 Billion | -5.61% |
| 2024-12-31 | $1.68 Billion | +6.75% |
| 2023-12-31 | $1.58 Billion | +28.05% |
| 2022-12-31 | $1.23 Billion | +0.41% |
| 2021-12-31 | $1.23 Billion | -12.87% |
| 2020-12-31 | $1.41 Billion | -7.91% |
| 2019-12-31 | $1.53 Billion | -1.95% |
| 2018-12-31 | $1.56 Billion | -13.95% |
| 2017-12-31 | $1.81 Billion | -7.74% |
| 2016-12-31 | $1.96 Billion | -7.50% |
| 2015-12-31 | $2.12 Billion | -13.11% |
| 2014-12-31 | $2.44 Billion | +1.75% |
| 2013-12-31 | $2.40 Billion | +10.50% |
| 2012-12-31 | $2.17 Billion | +1.82% |
| 2011-12-31 | $2.13 Billion | -17.27% |
| 2010-12-31 | $2.58 Billion | -0.25% |
| 2009-12-31 | $2.58 Billion | +11.21% |
| 2008-12-31 | $2.32 Billion | +76.50% |
| 2007-12-31 | $1.32 Billion | +8.18% |
| 2006-12-31 | $1.22 Billion | +13.26% |
| 2005-12-31 | $1.07 Billion | -53.72% |
| 2004-12-31 | $2.32 Billion | +32.74% |
| 2003-12-31 | $1.75 Billion | +13.94% |
| 2002-12-31 | $1.54 Billion | +8.22% |
| 2001-12-31 | $1.42 Billion | +17.53% |
| 2000-12-31 | $1.21 Billion | +32.80% |
| 1999-12-31 | $908.80 Million | +19.89% |
| 1998-12-31 | $758.00 Million | +8.81% |
| 1997-12-31 | $696.60 Million | +2.52% |
| 1996-12-31 | $679.50 Million | +99.85% |
| 1995-12-31 | $340.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Precision Drilling Corporation'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 1171.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.24 Billion | 141.33% |
| Other Comprehensive Income | $164.89 Million | 10.42% |
| Other Components | $79.21 Million | 5.00% |
| Total Equity | $1.58 Billion | 100.00% |
Precision Drilling Corporation Competitors by Market Cap
The table below lists competitors of Precision Drilling Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LG Display Co Ltd
NYSE:LPL
|
$1.19 Billion |
|
Trigano SA
LSE:0NX0
|
$1.19 Billion |
|
Deutsche Wohnen SE
PINK:DWHHF
|
$1.19 Billion |
|
BRF S.A
SA:BRFS3
|
$1.19 Billion |
|
YAOKO CO. LTD
F:5FV
|
$1.19 Billion |
|
Zhejiang Jolly Pharmaceutical Co Ltd
SHE:300181
|
$1.19 Billion |
|
Charter Hall Long WALE REIT
PINK:CHLWF
|
$1.19 Billion |
|
Vaisala Oyj
PINK:VAIAF
|
$1.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Precision Drilling Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,677,472,000 to 1,582,773,091, a change of -94,698,909 (-5.6%).
- Net income of 1,840,498 contributed positively to equity growth.
- Share repurchases of 75,561,371 reduced equity.
- Other comprehensive income decreased equity by 34,134,481.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.84 Million | +0.12% |
| Share Repurchases | $75.56 Million | -4.77% |
| Other Comprehensive Income | $-34.13 Million | -2.16% |
| Other Changes | $13.16 Million | +0.83% |
| Total Change | $- | -5.65% |
Book Value vs Market Value Analysis
This analysis compares Precision Drilling Corporation'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: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.52x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $26.89 | $94.61 | x |
| 1996-12-31 | $31.60 | $94.61 | x |
| 1997-12-31 | $46.06 | $94.61 | x |
| 1998-12-31 | $50.12 | $94.61 | x |
| 1999-12-31 | $54.63 | $94.61 | x |
| 2000-12-31 | $67.03 | $94.61 | x |
| 2001-12-31 | $76.53 | $94.61 | x |
| 2002-12-31 | $81.34 | $94.61 | x |
| 2003-12-31 | $91.43 | $94.61 | x |
| 2004-12-31 | $114.85 | $94.61 | x |
| 2005-12-31 | $100.52 | $94.61 | x |
| 2006-12-31 | $113.85 | $94.61 | x |
| 2007-12-31 | $123.17 | $94.61 | x |
| 2008-12-31 | $217.38 | $94.61 | x |
| 2009-12-31 | $199.11 | $94.61 | x |
| 2010-12-31 | $180.87 | $94.61 | x |
| 2011-12-31 | $147.73 | $94.61 | x |
| 2012-12-31 | $151.51 | $94.61 | x |
| 2013-12-31 | $166.69 | $94.61 | x |
| 2014-12-31 | $166.19 | $94.61 | x |
| 2015-12-31 | $144.85 | $94.61 | x |
| 2016-12-31 | $133.87 | $94.61 | x |
| 2017-12-31 | $123.47 | $94.61 | x |
| 2018-12-31 | $106.13 | $94.61 | x |
| 2019-12-31 | $102.80 | $94.61 | x |
| 2020-12-31 | $102.51 | $94.61 | x |
| 2021-12-31 | $92.04 | $94.61 | x |
| 2022-12-31 | $90.84 | $94.61 | x |
| 2023-12-31 | $103.07 | $94.61 | x |
| 2024-12-31 | $117.85 | $94.61 | x |
| 2025-12-31 | $118.64 | $94.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Precision Drilling Corporation 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): 0.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.10%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.72x
- Recent ROE (0.12%) is below the historical average (10.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 5.18% | 10.79% | 0.26x | 1.82x | $-16.40 Million |
| 1996 | 6.24% | 9.32% | 0.37x | 1.80x | $-25.55 Million |
| 1997 | 16.87% | 11.60% | 0.85x | 1.72x | $47.84 Million |
| 1998 | 15.50% | 11.60% | 0.76x | 1.76x | $41.70 Million |
| 1999 | 2.27% | 4.03% | 0.36x | 1.58x | $-70.28 Million |
| 2000 | 10.90% | 9.71% | 0.57x | 1.98x | $10.87 Million |
| 2001 | 13.26% | 9.63% | 0.74x | 1.87x | $46.28 Million |
| 2002 | 5.95% | 5.40% | 0.61x | 1.80x | $-62.03 Million |
| 2003 | 10.81% | 9.84% | 0.66x | 1.67x | $14.15 Million |
| 2004 | 10.66% | 10.64% | 0.60x | 1.66x | $15.23 Million |
| 2005 | 151.74% | 128.47% | 0.74x | 1.60x | $1.52 Billion |
| 2006 | 47.62% | 40.32% | 0.82x | 1.45x | $457.88 Million |
| 2007 | 26.26% | 34.26% | 0.57x | 1.34x | $214.11 Million |
| 2008 | 13.03% | 27.47% | 0.23x | 2.08x | $70.34 Million |
| 2009 | 6.26% | 13.50% | 0.29x | 1.62x | $-96.75 Million |
| 2010 | 2.41% | 4.34% | 0.33x | 1.67x | $-195.70 Million |
| 2011 | 9.07% | 9.92% | 0.44x | 2.08x | $-19.78 Million |
| 2012 | 2.41% | 2.57% | 0.47x | 1.98x | $-164.77 Million |
| 2013 | 7.97% | 9.42% | 0.44x | 1.91x | $-48.78 Million |
| 2014 | 1.36% | 1.41% | 0.44x | 2.17x | $-210.98 Million |
| 2015 | -17.13% | -23.36% | 0.32x | 2.30x | $-575.56 Million |
| 2016 | -7.93% | -16.35% | 0.22x | 2.20x | $-351.77 Million |
| 2017 | -7.29% | -9.99% | 0.34x | 2.15x | $-313.07 Million |
| 2018 | -18.89% | -19.09% | 0.42x | 2.33x | $-450.05 Million |
| 2019 | 0.43% | 0.43% | 0.47x | 2.14x | $-146.13 Million |
| 2020 | -6.70% | -12.84% | 0.25x | 2.06x | $-234.96 Million |
| 2021 | -14.47% | -17.98% | 0.37x | 2.17x | $-299.94 Million |
| 2022 | -2.79% | -2.12% | 0.56x | 2.34x | $-157.35 Million |
| 2023 | 18.36% | 14.93% | 0.64x | 1.92x | $131.68 Million |
| 2024 | 6.63% | 5.85% | 0.64x | 1.76x | $-56.55 Million |
| 2025 | 0.12% | 0.10% | 0.68x | 1.72x | $-156.44 Million |
Industry Comparison
This section compares Precision Drilling Corporation's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $168,298,265
- Average return on equity (ROE) among peers: -7.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Precision Drilling Corporation (PDS) | $1.59 Billion | 5.18% | 0.72x | $1.19 Billion |
| Agri-Dynamics Inc (AGDY) | $-371.31K | 0.00% | 0.00x | $39.23 |
| AKITA Drilling Ltd (AKTAF) | $124.93 Million | 16.71% | 0.30x | $37.79 Million |
| Archer Limited (ARHVF) | $556.89 Million | 2.23% | 0.75x | $127.09 Million |
| Awilco Drilling PLC (AWLCF) | $-126.95 Million | 0.00% | 0.00x | $16.95 Million |
| Borr Drilling Ltd (BORR) | $993.30 Million | 8.27% | 2.44x | $1.19 Billion |
| Beard Co (BRCOQ) | $10.00 Million | -4.00% | 0.46x | $0.94 |
| Cathedral Energy Services Ltd (CETEF) | $90.77 Million | -6.37% | 0.50x | $68.91 Million |
| EP3Oil, Inc. (EEEP) | $7.39 Million | -22.45% | 0.56x | $101.31 |
| Enseco Energy Services Corp (ENSRF) | $22.49 Million | 0.00% | 0.05x | $0.97 |
| EnerNorth Industries Inc (ENYNF) | $4.54 Million | -66.24% | 2.35x | $0.92 |