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Patterson UTI Energy vs Transocean: PTEN and RIG compared
Patterson UTI Energy is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $937M for Transocean (Q3 2026). Patterson UTI Energy is growing faster (+14% against -9% a year earlier). Transocean is more profitable, with an operating margin of 15.3% against 4.7%.
Where the money goes: PTEN and RIG
Patterson UTI Energy (PTEN) · Q3 2026
Patterson UTI Energy, Q3 2026: revenue $1.3B (+14% year over year), operating margin 4.7%, net earnings $28.6M, operating cash flow $301M. The chart follows the revenue to costs, profit and cash.
Transocean (RIG) · Q3 2026
Transocean, Q3 2026: revenue $937M (-9% year over year), operating margin 15.3%, net earnings $26.0M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
| Patterson UTI Energy (PTEN) | Transocean (RIG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.3B | $937M |
| Revenue growth, Y/Y | +14% | -9% |
| Operating margin | 4.7% | 15.3% |
| Net earnings | $28.6M | $26.0M |
| Net margin | 2.1% | 2.8% |
| Operating cash flow | $301M | $174M |
| Free cash flow | $160M | $131M |
| Market value | $3.8B | $5.9B |
| P/E | — | 21.0× |
| Analysts’ mean target | $14.83 | $6.56 |
Where the revenue comes from
Patterson UTI Energy
- Completion Services: $808M (60%)
- Drilling Services: $417M (31%)
- Drilling Products: $110M (8%)
- Other: $6.4M (0%)
Transocean
- Ultra-deepwater floaters: $590M (63%)
- Harsh environment floaters: $347M (37%)
Questions
Which is bigger, Patterson UTI Energy or Transocean?
Patterson UTI Energy is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $937M for Transocean (Q3 2026).
Is Patterson UTI Energy or Transocean growing faster?
Patterson UTI Energy is growing faster (+14% against -9% a year earlier).
Which is more profitable, Patterson UTI Energy or Transocean?
Transocean is more profitable, with an operating margin of 15.3% against 4.7%.
More: Patterson UTI Energy earnings · how Patterson UTI Energy makes money · Transocean earnings · how Transocean makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.