PTEN vs SDRL: Patterson-UTI Energy and Seadrill Limited compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Patterson-UTI Energy is the larger company, worth $4.4B, about 1.4 times Seadrill Limited.
- Seadrill Limited grew revenue faster over the last year (+23.3% vs +0.7%).
- Seadrill Limited keeps more of each dollar of revenue as operating profit (10.0% vs -1.1%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | PTEN | SDRL |
|---|---|---|
| Market cap | $4.4B | $3.2B |
| Share price | $11.31 | $46.15 |
| Revenue (last fiscal year) | $4.8B | $1.1B |
| Free cash flow (last fiscal year) | $372M | — |
| Revenue growth, last year | +0.7% | +23.3% |
| Revenue growth per year, last 5 fiscal years | +37.3% | +12.5% |
| Operating margin | -1.1% | 10.0% |
| Net margin | -1.9% | 0.08% |
| Return on equity | -2.9% | 0.03% |
| P/E (trailing) | — | — |
| Price / free cash flow | 11.8x | — |
| EV / EBITDA | 6.53x | 8.69x |
| FCF growth the price implies | -1.9% | — |
| Dividend yield | 2.8% | — |
| Debt / equity | 0.73x | 0.43x |
| Fundamental grade | D | C |
| Superinvestors holding it | 5 | 0 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Patterson-UTI Energy
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.4B | -$71M | -49.9% |
| 2022 | $2.6B | $129M | 8.0% |
| 2023 | $4.1B | $390M | 8.5% |
| 2024 | $5.4B | $497M | -16.5% |
| 2025 | $4.8B | $372M | -0.85% |
Seadrill Limited
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $605M | -$557M | -740.7% |
| 2021 | $663M | -$238M | -23.5% |
| 2023 | $1.2B | — | 28.5% |
| 2024 | $1.0B | — | 40.8% |
| 2025 | $1.1B | — | 4.3% |
Where the revenue comes from
Patterson-UTI Energy · by segments, 2025
Completion Services$2.9B60%
Drilling Services$1.6B32%
Drilling Products$344M7%
Other$33M1%
Seadrill Limited · by segments, 2021
Harsh environment$495M55%
Floaters$363M41%
Jackup rigs$38M4%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open PTEN in InvestinglyQuestions
Which is bigger, Patterson-UTI Energy or Seadrill Limited?
Patterson-UTI Energy (PTEN), at $4.4B against $3.2B.
Which grows faster, PTEN or SDRL?
Seadrill Limited: revenue grew +23.3% over the last year, against +0.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.