Precision Drilling Corporation
PDS
Operating Margin for Precision Drilling Corporation (PDS)
Operating Margin as of May 2024 (TTM): 7.72%
According to Precision Drilling Corporation's latest financial reports and stock price the company's current Operating Margin is 7.72%. At the end of 2021 the company had an Operating Margin of -10.24%.
Operating Margin history for Precision Drilling Corporation from 2001 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2021 | -10.24% | 1234.08% |
| 2020 | -0.77% | -111.18% |
| 2019 | 6.86% | -152.53% |
| 2018 | -13.07% | 68.3% |
| 2017 | -7.76% | -56.55% |
| 2016 | -17.87% | -35.8% |
| 2015 | -27.84% | -610.03% |
| 2014 | 5.46% | -64.42% |
| 2013 | 15.34% | 177.22% |
| 2012 | 5.53% | -69.68% |
| 2011 | 18.25% | -1.67% |
| 2010 | 18.56% | -28.22% |
| 2009 | 25.86% | -19.21% |
| 2008 | 32.01% | -9.35% |
| 2007 | 35.31% | -14.73% |
| 2006 | 41.41% | 8.83% |
| 2005 | 38.05% | 108.43% |
| 2004 | 18.25% | 17.84% |
| 2003 | 15.49% | 64.55% |
| 2002 | 9.41% | -52.15% |
| 2001 | 19.68% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Helmerich & Payne
HP | 1.50% | -80.57% | 🇺🇸 USA |
 Patterson-UTI Energy PTEN | 12.72% | 64.77% | 🇺🇸 USA |
 Nabors Industries
NBR | -0.02% | -100.26% | 🇧🇲 Bermuda |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.