PRECISION DRILLING Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PRECISION DRILLING Corp files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,003	1,321	1,541	1,541	936	987	1,617	1,938	1,902	1,844
Cost of revenue		926	1,067	1,039	583	698	1,125	1,205	1,249	1,240
Gross profit		395	474	502	352	289	493	733	654	604
Selling, general and administrative	108	90.1	112	104	70.9	95.9	181	122	132	114
Operating income	-156	-88.1	-198	94.6	41	193	312	611
Interest expense	146	138	127	118	107	91.4	87.8	83.4	69.8	57.2
Pre-tax income	-309	-232	-324	-8.34	-109	-183	-14.1	266	155	55.9
Income tax	-153	-100	-29.3	-15	11	-5.4	20.2	-23.5	43.2	52.8
Net income to minority interests								0	0.14	1.25
Net income	-156	-132	-294	6.62	-120	-177	-34.3	289	111	1.84
EBITDA	236	290	179	428	357	475	591	909
EPS, basic	-11.93	-10.13	-22.50	0.46	-8.76	-13.32	-2.53	21.03	7.81	0.14
EPS, diluted	-11.93	-10.13	-22.50	0.45	-8.76	-13.32	-2.53	19.53	7.81	0.14

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	116	65.1	96.6	74.7	109	40.6	21.6	54.2	73.8	85.8
Receivables	294	323	372	310	207	256	414	421	379	352
Inventory	24.1	24.6	34.1	31.7	26.3	23.4	35.2	35.3	43.3	49
Total current assets	472	442	523	418	342	320	471	511	501	487
Property, plant and equipment	3,642	3,174	3,039	2,749	2,473	2,258	2,303	2,338	2,356	2,159
Lease right-of-use assets			0	66.1	55.2	51.4	60	63.4	66	56.8
Goodwill	207	205	0
Intangible assets	3.32	28.1	35.4	31.7	27.7	23.9	19.6	17.3	13	9.47
Total assets	4,324	3,893	3,636	3,270	2,899	2,662	2,876	3,019	2,956	2,727
Accounts payable	241	210	274	199	151	224	392	351	314	281
Short-term debt					0.9	2.22	2.29	2.85		0
Total current liabilities	241	210	282	216	167	238	410	374	339	300
Lease liabilities				55	48.9	45.8	53	57.1	54.6	47.2
Total liabilities	2,362	2,083	2,078	1,742	1,492	1,436	1,646	1,443	1,274	1,138
Total debt						1,126	1,103	929	822	687
Retained earnings	-553	-685	-979	-969	-1,090	-1,267	-1,301	-1,012	-901	-899
Shareholders' equity	1,962	1,810	1,558	1,527	1,407	1,226	1,231	1,576	1,677	1,584
Minority interests									4.53	4.82
Total equity	1,962	1,810	1,558	1,527	1,407	1,226	1,231	1,576	1,682	1,589
Total liabilities and equity	4,324	3,893	3,636	3,270	2,899	2,662	2,876	3,019	2,956	2,727

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-156	-132	-294	6.62	-120	-177	-34.3	289	111	3.09
Depreciation and amortization	392	378	377	334	316	282	279	298	309	318
Cash from operations	123	117	293	288	226	139	237	501	482	413
Capital expenditures	-203	-74.8	-115	-160	-61.5	-75.9	-184	-225	-217	-263
Cash from investing	-214	-91.2	-101	-74.5	-40.5	-56.6	-144	-215	-203	-208
Debt issued	469	509
Cash from financing	-218	-73.8	-169	-232	-146	-150	-113	-252	-261	-192
Exchange rate effect	-19.3	-2.25	8.09	-3.77	-5.91	-0.88	1.48	-1.23	1.88	-0.28
Net change in cash	-329	-50.6	31.5	-21.9	34.1	-68.2	-19	32.6	19.6	12
Free cash flow	-81	41.7	179	128	165	63.3	52.9	276	265	149
Interest paid	140	136	109	117	104	67.3	85.7	83	72.2	63.5

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	32.8%	Gross profit / revenue.
Pre-tax margin	3.0%	Pre-tax income / revenue.
Net margin	0.1%	Net income / revenue.
FCF margin	8.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	22.4%	Cash from operations / revenue.
Effective tax rate	94.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	0.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.1%	Net income / average total assets.
SG&A / revenue	6.2%	Selling, general and administrative expense / revenue.
Capex / revenue	14.3%	Capital expenditures / revenue.
D&A / revenue	17.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-3.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	4.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	14.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-7.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	7.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	11.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-98.3%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-98.2%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-14.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	20.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	12.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-43.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	41.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-1.9%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-5.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-7.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-1.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-1.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.62x	Current assets / current liabilities.
Quick ratio	1.46x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.29x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.43x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	25.2%	Total debt / total assets.
Liabilities / assets	41.7%	Total liabilities / total assets.
Net debt	CA$601.1M	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	CA$186.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	CA$1.57B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.65x	Revenue / average total assets.
Fixed asset turnover	0.82x	Revenue / average property, plant and equipment.
Inventory turnover	26.9x	Cost of revenue / average inventory.
Days inventory	14 days	365 x average inventory / cost of revenue.
Receivables turnover	5.05x	Revenue / average receivables.
Days sales outstanding	72 days	365 x average receivables / revenue.
Days payables	88 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	-2 days	Days inventory + days sales outstanding - days payables.
FCF conversion	8,112.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	63.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	CA$0.14	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	CA$0.14	Net income per basic share, as reported (split-adjusted).

What was PRECISION DRILLING Corp's revenue in fiscal 2025?

PRECISION DRILLING Corp reported revenue of CA$1.84B for fiscal 2025, 3.1% lower than the year before.

Was PRECISION DRILLING Corp profitable in fiscal 2025?

Yes. Net income was CA$1.8M, a net margin of 0.1%.

How much free cash flow did PRECISION DRILLING Corp generate in fiscal 2025?

Cash from operations of CA$412.9M minus capital expenditures of CA$263.5M left free cash flow of CA$149.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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