Precision Drilling (PDS) financial statements

Energy · Oil & Gas Drilling · Market cap $1.1B

Precision Drilling reported revenue of 1.8B CAD in fiscal 2025, up 7.0% a year over 9 years.

Net income was 2M CAD.

Free cash flow was 149M CAD, and the company returned 77M CAD in net buybacks.

The diluted share count fell 9% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (CAD).

-10122016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CAD, from Precision Drilling's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue1.0B CAD1.3B CAD1.5B CAD1.5B CAD936M CAD987M CAD1.6B CAD1.9B CAD1.9B CAD1.8B CAD
Cost of revenue—926M CAD1.1B CAD1.0B CAD583M CAD698M CAD1.1B CAD1.2B CAD1.2B CAD1.2B CAD
Gross profit—395M CAD474M CAD502M CAD352M CAD289M CAD493M CAD733M CAD654M CAD604M CAD
Selling, general and admin108M CAD90M CAD112M CAD104M CAD71M CAD96M CAD181M CAD122M CAD132M CAD114M CAD
Operating income-156M CAD-88M CAD-198M CAD95M CAD41M CAD193M CAD312M CAD611M CAD——
Interest expense146M CAD138M CAD127M CAD118M CAD107M CAD91M CAD88M CAD83M CAD70M CAD57M CAD
Pre-tax income-309M CAD-232M CAD-324M CAD-8M CAD-109M CAD-183M CAD-14M CAD266M CAD155M CAD56M CAD
Income tax-153M CAD-100M CAD-29M CAD-15M CAD11M CAD-5M CAD20M CAD-23M CAD43M CAD53M CAD
Net income-156M CAD-132M CAD-294M CAD7M CAD-120M CAD-177M CAD-34M CAD289M CAD111M CAD2M CAD
EPS (diluted)-10.60 CAD-9.00 CAD-20.00 CAD0.45 CAD-8.76 CAD-13.32 CAD-2.53 CAD19.53 CAD7.81 CAD0.14 CAD
Diluted shares15M15M15M15M14M13M14M15M14M13M
Gross margin—29.9%30.8%32.6%37.7%29.3%30.5%37.8%34.4%32.8%
Operating margin-15.5%-6.7%-12.9%6.1%4.4%19.5%19.3%31.5%——
Net margin-15.5%-10.0%-19.1%0.4%-12.8%-18.0%-2.1%14.9%5.8%0.1%

Balance sheet

Fiscal years, in CAD, from Precision Drilling's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments116M CAD65M CAD97M CAD75M CAD109M CAD41M CAD22M CAD54M CAD74M CAD86M CAD
Receivables294M CAD323M CAD372M CAD310M CAD207M CAD256M CAD414M CAD421M CAD379M CAD352M CAD
Inventory24M CAD25M CAD34M CAD32M CAD26M CAD23M CAD35M CAD35M CAD43M CAD49M CAD
Total current assets472M CAD442M CAD523M CAD418M CAD342M CAD320M CAD471M CAD511M CAD501M CAD487M CAD
Property, plant and equipment3.6B CAD3.2B CAD3.0B CAD2.7B CAD2.5B CAD2.3B CAD2.3B CAD2.3B CAD2.4B CAD2.2B CAD
Goodwill207M CAD205M CAD0 CAD———————
Total assets4.3B CAD3.9B CAD3.6B CAD3.3B CAD2.9B CAD2.7B CAD2.9B CAD3.0B CAD3.0B CAD2.7B CAD
Total current liabilities241M CAD210M CAD282M CAD216M CAD167M CAD238M CAD410M CAD374M CAD339M CAD300M CAD
Long-term debt1.9B CAD1.7B CAD1.7B CAD1.4B CAD1.2B CAD1.1B CAD1.1B CAD915M CAD812M CAD679M CAD
Total liabilities2.4B CAD2.1B CAD2.1B CAD1.7B CAD1.5B CAD1.4B CAD1.6B CAD1.4B CAD1.3B CAD1.1B CAD
Shareholders' equity2.0B CAD1.8B CAD1.6B CAD1.5B CAD1.4B CAD1.2B CAD1.2B CAD1.6B CAD1.7B CAD1.6B CAD
Net debt1.8B CAD1.7B CAD1.6B CAD1.4B CAD1.1B CAD1.1B CAD1.1B CAD863M CAD739M CAD594M CAD

Cash flow

Fiscal years, in CAD, from Precision Drilling's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow123M CAD117M CAD293M CAD288M CAD226M CAD139M CAD237M CAD501M CAD482M CAD413M CAD
Capital spending203M CAD98M CAD126M CAD161M CAD62M CAD76M CAD184M CAD227M CAD217M CAD263M CAD
Free cash flow-81M CAD19M CAD167M CAD127M CAD165M CAD63M CAD53M CAD274M CAD265M CAD149M CAD
Share buybacks (net)———-26M CAD-11M CAD-4M CAD-10M CAD-30M CAD-87M CAD-77M CAD
Net borrowing469M CAD509M CAD—————10M CAD——
Free cash flow margin-8.1%1.4%10.8%8.3%17.6%6.4%3.3%14.1%14.0%8.1%
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Questions

What was Precision Drilling's revenue in 2025?

1.8B CAD in fiscal 2025, from its 10-K filing.

How much free cash flow does Precision Drilling generate?

149M CAD in fiscal 2025 (operating cash flow minus capital spending).

From Precision Drilling's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.