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Canadian land-drilling contractor providing drilling rigs and services to oil and gas producers in North America and internationally.
Canadian land-drilling contractor providing drilling rigs and services to oil and gas producers in North America and internationally.
Rents a rig with its crew to producers for a daily rate (a day rate), often under contracts of a set term, so income follows rigs working and the rate each earns rather than oil output. Most activity is in Canada and the US, with a smaller international business.
In one line: A land drilling contractor like Helmerich & Payne.
Moat: narrow (installed base, scale). Large modern rig fleet and automation technology provide efficiency advantages over smaller drilling contractors.
Headquarters: Calgary, Canada · Founded: 1951
Size Precision Drilling (PD.TO) is a Canada Energy company (Contract Drilling) with a market value of $1.16B, the 232nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$129.95 on 6 Nov 2026.
Performance Over six months the shares gained 5.7%, against -9.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 12 in its peer set.
Growth Revenue grew 8.5% over the last twelve months (peer median +11.0%); the operating margin is 6.8% (peer median 10.0%).
Valuation It trades at 11.4× forward earnings against a peer median of 15.8× (5th cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.6 points below its cost of capital (8.9% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.99B | C$1.84B | C$1.90B | C$1.94B | C$1.62B |
| Revenue growth | — | -3% | -2% | +20% | — |
| Gross profit | C$263M | C$286M | C$344M | C$436M | C$214M |
| EBITDA | C$473M | C$490M | C$521M | C$611M | C$312M |
| Net income | -C$5.08M | C$1.84M | C$111M | C$289M | -C$34.3M |
| Free cash flow | C$100M | C$149M | C$264M | C$276M | C$52.9M |
| Capital expenditure | C$306M | C$264M | C$217M | C$227M | C$184M |
| Total debt | C$700M | C$744M | C$888M | C$992M | C$1.15B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Precision Drilling PD.TO | $1.16B | +6% | +8% | 7% | 11.4× | 11.6% |
| Helmerich & Payne HP | $3.52B | -7% | +17% | 3% | 26.3× | 19.9% |
| Ensign Energy Services ESI.TO | $517M | +6% | -1% | 1% | 34.7× | 41.1% |
| Nabors Industries NBR | $1.11B | -25% | +5% | 8% | 19.1× | 4.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PD.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | -7.5% | highest of 12 |
| 6-month return | +5.7% | -9.2% | 2nd highest of 12 |
| Distance from 52-week high | -17.3% | -26.2% | 3rd highest of 12 |
| Revenue growth (TTM) | +8.5% | +11.0% | 6th lowest of 12 |
| Operating margin | 6.8% | 10.0% | 5th lowest of 12 |
| Forward P/E | 11.4× | 15.8× | 5th cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 11.6% | 16.0% | 4th least demanding of 8 |
| Growth delivered (Del g) | +14.5% | +11.8% | 4th highest of 8 |
| Hurdle (Req g minus delivered) | -2.9 pp | +6.1 pp | 3rd least demanding of 8 |
| ROIC minus cost of capital | -4.6 pp | -3.4 pp | 5th lowest of 12 |
| EV / EBITDA | 4.9× | 6.4× | 4th cheapest of 12 |
| Net debt / EBITDA | 1.4× | 0.7× | 6th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Precision Drilling PD.TO | Canada | $1.16B | +6% | +8% | 7% | 11.4× | 11.6% | +14.5% |
| Nabors Industries NBR | United States | $1.11B | -25% | +5% | 8% | 19.1× | 4.0% | +8.3% |
| Borr Drilling BORR | United States | $1,000M | -45% | +3% | 21% | n/a | n/a | n/a |
| Major Drilling Group International MDI.TO | Canada | $893M | -5% | +23% | 6% | 23.1× | 21.7% | +15.5% |
| Odfjell Drilling ODL.OL | Norway | $2.57B | +4% | +11% | 23% | 10.0× | n/a | n/a |
| Sed Energy ENH.OL | Norway | $520M | -25% | +91% | 36% | 5.7× | -10.9% | +38.2% |
| Ensign Energy Services ESI.TO | Canada | $517M | +6% | -1% | 1% | 34.7× | 41.1% | +11.8% |
| Seadrill SDRL | United States | $2.63B | -13% | +17% | 10% | 15.8× | 16.0% | +6.3% |
| Helmerich & Payne HP | United States | $3.52B | -7% | +17% | 3% | 26.3× | 19.9% | +16.1% |
| Ventura Offshore VTURA.OL | Norway | $371M | +3% | -2% | 34% | n/a | 3.6% | -2.5% |
| PHX Energy Services PHX.TO | Canada | $342M | -9% | +7% | 4% | 8.9× | n/a | n/a |
| Akastor AKAST.OL | Norway | $316M | -31% | +67% | 34% | 9.9× | n/a | n/a |