PDS

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Precision Drilling Corp.

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Key Metrics

Previous Close: $87.99
52-Week Range: $52.87 – $103.80
Market Cap: $1.15B
P/E (TTM): —
EPS (TTM): -1.72
Dividend Yield: —

Advanced Metrics

Price/Book: 1.00
PEG Ratio: 33.32
Return on Equity: -1.92%
Return on Assets: 2.97%
Gross Margin: 30.90%
Operating Margin: 3.17%
Profit Margin: -1.71%
Current Ratio: 1.46
Debt/Equity: 0.43
Total Debt: $697.02M
Free Cash Flow: $139.09M
Revenue Growth: 11.40%
Earnings Growth: —
Enterprise Value: $1.76B

PDS Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.62B	$1.94B	$1.90B	$1.84B
Cost of Revenue	$279.04M	$297.56M	$309.31M	$317.90M
Gross Profit	$1.34B	$1.64B	$1.59B	$1.53B
Selling, General & Admin	$180.99M	$122.19M	$132.42M	$114.44M
Operating Expenses	$1.31B	$1.34B	$1.38B	$1.42B
Operating Income	$32.57M	$303.97M	$211.91M	$104.63M
EBITDA	$349.85M	$644.40M	$532.14M	$111.71M
Pretax Income	-$14.14M	$265.78M	$154.56M	$55.92M
Income Tax	$20.15M	-$23.46M	$43.23M	$52.83M
Net Income	-$34.29M	$289.24M	$111.19M	$1.84M
Diluted EPS	-2.53	19.53	7.81	0.14
Diluted Shares	13.55M	15.29M	14.23M	13.34M

PDS Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$21.59M	$54.18M	$73.77M	$85.78M
Receivables	$413.93M	$421.43M	$378.71M	$352.14M
Inventory	$35.16M	$35.27M	$43.30M	$48.99M
Current Assets	$470.67M	$510.88M	$501.28M	$486.92M
Total Assets	$2.88B	$3.02B	$2.96B	$2.73B
Current Liabilities	$422.33M	$374.01M	$338.69M	$300.10M
Long-Term Debt	$1.09B	$914.83M	$812.47M	$679.29M
Total Debt	$1.15B	$992.19M	$887.59M	$744.24M
Total Liabilities	$1.65B	$1.44B	$1.27B	$1.14B
Retained Earnings	-$1.30B	-$1.01B	-$900.83M	-$898.99M
Shareholders' Equity	$1.23B	$1.58B	$1.68B	$1.58B
Working Capital	$48.34M	$136.87M	$162.59M	$186.81M
Net Debt	$1.07B	$863.50M	$738.70M	$593.51M

PDS Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$237.10M	$500.57M	$482.08M	$412.90M
Capital Expenditure	-$184.25M	-$226.75M	-$216.70M	-$263.50M
Free Cash Flow	$52.85M	$273.82M	$265.38M	$149.40M
Depreciation & Amortisation	$279.04M	$297.56M	$309.31M	$317.90M
Stock-Based Compensation	$60.09M	$6.66M	$18.89M	$14.52M
Investing Cash Flow	-$144.41M	-$214.78M	-$202.99M	-$208.32M
Financing Cash Flow	-$113.17M	-$251.97M	-$261.38M	-$192.28M
Share Repurchases	-$10.01M	-$29.95M	-$75.49M	-$75.62M
Net Change in Cash	-$20.48M	$33.82M	$17.71M	$12.29M

PDS Income statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$406.62M	$462.25M	$478.51M	$526.05M	$452.80M
Cost of Revenue	$74.86M	$79.49M	$88.52M	$84.33M	$82.68M
Gross Profit	$331.76M	$382.76M	$389.99M	$441.72M	$370.12M
Selling, General & Admin	$24.77M	$30.79M	$29.11M	$41.74M	$26.45M
Operating Expenses	$298.51M	$344.62M	$419.20M	$402.10M	$355.75M
Operating Income	$33.24M	$38.15M	-$29.22M	$39.62M	$14.38M
EBITDA	$114.47M	$40.57M	-$33.89M	$123.87M	$98.12M
Pretax Income	$24.75M	$27.23M	-$45.31M	$27.06M	$3.14M
Income Tax	$8.27M	$33.70M	-$3.44M	$9.21M	$4.04M
Net Income	$16.27M	-$6.76M	-$42.17M	$17.38M	-$1.20M
Diluted EPS	1.07	-0.51	-3.23	1.34	-0.52
Diluted Shares	13.99M	13.21M	13.05M	12.94M	13.41M

PDS Balance Sheet statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$46.70M	$38.31M	$85.78M	$41.46M	$66.29M
Receivables	$318.61M	$365.11M	$352.14M	$410.27M	$348.48M
Inventory	$45.72M	$46.26M	$48.99M	$53.30M	$54.70M
Current Assets	$411.03M	$449.68M	$486.92M	$505.03M	$469.47M
Total Assets	$2.74B	$2.80B	$2.73B	$2.75B	$2.73B
Current Liabilities	$407.35M	$284.69M	$300.10M	$296.93M	$322.56M
Long-Term Debt	$546.43M	$687.73M	$679.29M	$663.86M	$626.33M
Total Debt	$749.60M	$753.88M	$744.24M	$732.07M	$697.02M
Total Liabilities	$1.08B	$1.13B	$1.14B	$1.12B	$1.12B
Retained Earnings	-$850.06M	-$856.82M	-$898.99M	-$879.25M	-$875.18M
Shareholders' Equity	$1.66B	$1.66B	$1.58B	$1.62B	$1.60B
Working Capital	$3.68M	$164.99M	$186.81M	$208.10M	$146.91M
Net Debt	$635.91M	$649.42M	$593.51M	$622.40M	$560.03M

PDS Cash Flow statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$147.50M	$75.87M	$126.11M	$63.15M	$145.57M
Capital Expenditure	-$52.77M	-$69.33M	-$81.43M	-$65.00M	-$76.36M
Free Cash Flow	$94.72M	$6.54M	$44.68M	-$1.85M	$69.20M
Depreciation & Amortisation	$74.86M	$79.49M	$88.52M	$84.33M	$82.68M
Stock-Based Compensation	$3.37M	$5.61M	$2.52M	$9.26M	$2.54M
Investing Cash Flow	-$36.05M	-$61.19M	-$53.88M	-$74.70M	-$54.76M
Financing Cash Flow	-$92.27M	-$23.67M	-$24.88M	-$33.21M	-$66.41M
Share Repurchases	-$14.49M	-$8.80M	-$21.57M	-$4.01M	-$12.01M
Net Change in Cash	$19.18M	-$9.00M	$47.36M	-$44.76M	$24.40M

Market Snapshot

About

Precision Drilling provides contract drilling and completion services to oil and natural gas exploration and production companies in Canada and the United States. The company operates a fleet of land drilling rigs and offers complementary services including well servicing, directional drilling, procurement and distribution, and manufacturing of drilling equipment.