Precision Drilling Corporation
NYSE: PDS · ENERGY · OIL & GAS DRILLING
Updated 2026-06-05
Precision Drilling Corporation (PDS) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $1.44B | $579.59M | 52.13% | 41.41% | 40.32% |
| 2007 | $1.01B | $345.78M | 48.86% | 35.31% | 34.26% |
| 2008 | $1.10B | $302.73M | 45.71% | 32.01% | 27.47% |
| 2009 | $1.20B | $161.70M | 42.19% | 15.60% | 13.50% |
| 2010 | $1.43B | $62.09M | 37.97% | 17.67% | 4.34% |
| 2011 | $1.95B | $193.48M | 42.03% | 16.85% | 9.92% |
| 2012 | $2.04B | $52.36M | 24.01% | 8.37% | 2.57% |
| 2013 | $2.03B | $191.15M | 22.08% | 15.06% | 9.42% |
| 2014 | $2.35B | $33.15M | 21.10% | 9.57% | 1.41% |
| 2015 | $1.56B | $-363.44M | 9.30% | -29.65% | -23.36% |
| 2016 | $951.41M | $-155.56M | -5.00% | -16.39% | -16.35% |
| 2017 | $1.32B | $-132.04M | 1.31% | -6.67% | -9.99% |
| 2018 | $1.54B | $-294.27M | 6.99% | 0.61% | -19.09% |
| 2019 | $1.54B | $6.62M | 10.95% | 2.88% | 0.43% |
| 2020 | $734.50M | $-94.30M | 1.07% | -8.75% | -12.84% |
| 2021 | $986.85M | $-177.39M | 71.39% | -9.07% | -17.98% |
| 2022 | $1.62B | $-34.29M | 13.21% | 2.01% | -2.12% |
| 2023 | $1.94B | $289.24M | 37.84% | 31.54% | 14.93% |
| 2024 | $1.90B | $111.19M | 83.74% | 11.14% | 5.85% |
| 2025 | $1.84B | $1.84M | 82.76% | 5.68% | 0.10% |
Frequently asked questions
What is Precision Drilling Corporation's revenue?
Precision Drilling Corporation's trailing twelve-month revenue is $1.87B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PDS?
In its most recent fiscal year, PDS ran a gross margin of 82.76%, an operating margin of 5.68%, and a net margin of 0.10%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does PDS generate?
PDS produced $148.58M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is PDS's balance sheet healthy?
PDS holds $85.71M in cash and equivalents against $679.29M in long-term debt, on $1.58B of shareholder equity. That debt is best read against the cash flow the business throws off each year.