Dril Quip Financial Statements From 2010 to 2022

DRQ
 Stock
  

USD 25.41  0.46  1.78%   

Dril Quip financial statements provide useful quarterly and yearly information to potential Dril-Quip investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Dril Quip financial statements helps investors assess Dril Quip's valuation, profitability, and current liquidity needs.
There are currently one hundred five fundamental signals for Dril-Quip that can be evaluated and compared over time across rivals. Make sure you verify Dril Quip's prevailing fundamentals against the trend between 2010 and 2022 to make sure the company can sustain itself down the road.
Dril Quip Invested Capital Average is very stable at the moment as compared to the past year. Dril Quip reported last year Invested Capital Average of 604.13 Million. As of 29th of June 2022, Market Capitalization is likely to grow to about 714.7 M, while Earnings before Tax are likely to drop (128.3 M).
  
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Check Dril Quip financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Dril Quip main balance sheet or income statement drivers, such as Direct Expenses of 336.7 M, Cost of Revenue of 282.9 M or Gross Profit of 82.7 M, as well as many exotic indicators such as Long Term Debt to Equity of 1.0E-4, Calculated Tax Rate of 81.09 or PPandE Turnover of 1.97. Dril Quip financial statements analysis is a perfect complement when working with Dril Quip Valuation or Volatility modules. It can also supplement various Dril Quip Technical models. Continue to the analysis of Dril Quip Correlation against competitors.

Dril Quip Revenues

417.38 Million

Share

Dril Quip Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.1 BB1.2 B
Decreasing
Stable
Cash and Equivalents400.5 M355.5 M365.7 M
Increasing
Slightly volatile
Deferred Revenue10 M9.7 M33.7 M
Decreasing
Slightly volatile
Property Plant and Equipment Net234.7 M221.5 M276.7 M
Decreasing
Slightly volatile
Inventory197.1 M145.7 M278.6 M
Decreasing
Slightly volatile
Tax Assets13 M11.4 M16.8 M
Decreasing
Slightly volatile
Trade and Non Trade Receivables211.7 M203.6 M240.3 M
Decreasing
Very volatile
Trade and Non Trade Payables34.2 M35.2 M36.9 M
Decreasing
Very volatile
Goodwill and Intangible Assets34.2 M26.4 M54.4 M
Decreasing
Slightly volatile
Total Liabilities114.5 M113.3 M131.5 M
Decreasing
Slightly volatile
Shareholders Equity953.7 M897.1 M1.1 B
Decreasing
Very volatile
Accumulated Retained Earnings Deficit1.2 B973.1 M1.1 B
Increasing
Slightly volatile
Current Assets792.9 M745.5 M927.4 M
Decreasing
Stable
Assets Non Current275.3 M264.9 M316.3 M
Decreasing
Very volatile
Current Liabilities99.6 M93.7 M120.4 M
Decreasing
Slightly volatile
Liabilities Non Current16.6 M19.7 M11.2 M
Increasing
Slightly volatile
Tax Liabilities20.7 M17.7 M19.4 M
Increasing
Stable
Total Debt5.3 M5.2 M4.5 M
Increasing
Slightly volatile
Debt Current1.1 MM1.1 M
Increasing
Slightly volatile
Debt Non Current4.9 M4.2 M4.1 M
Increasing
Slightly volatile
Shareholders Equity USD953.7 M897.1 M1.1 B
Decreasing
Very volatile
Cash and Equivalents USD400.5 M355.5 M365.7 M
Increasing
Slightly volatile
Total Debt USD5.3 M5.2 M4.5 M
Increasing
Slightly volatile
Accounts Payable33.8 M35.2 M36 M
Increasing
Very volatile
Receivables208.6 M203.6 M238.4 M
Decreasing
Very volatile
Inventories149.6 M145.7 M272.3 M
Decreasing
Slightly volatile

Dril Quip Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues417.4 M322.9 M575.6 M
Decreasing
Slightly volatile
Cost of Revenue282.9 M242.4 M361.9 M
Decreasing
Slightly volatile
Selling General and Administrative Expense113.5 M115 M91.5 M
Increasing
Slightly volatile
Research and Development Expense21 M15.1 M30.6 M
Decreasing
Slightly volatile
Operating Expenses193.7 M205.4 M148.4 M
Increasing
Slightly volatile
Interest Expense849.1 K787 K244.8 K
Increasing
Slightly volatile
Income Tax ExpenseM2.9 M24.4 M
Decreasing
Slightly volatile
Consolidated Income(131.4 M)(128 M)37.6 M
Decreasing
Slightly volatile
Net Income(131.4 M)(128 M)37.6 M
Decreasing
Slightly volatile
Net Income Common Stock(131.4 M)(128 M)37.6 M
Decreasing
Slightly volatile
Weighted Average Shares34.6 M35.3 M37.9 M
Decreasing
Slightly volatile
Weighted Average Shares Diluted34.6 M35.3 M38 M
Decreasing
Slightly volatile
Earning Before Interest and Taxes EBIT(127.5 M)(124.3 M)62.2 M
Decreasing
Slightly volatile
Revenues USD417.4 M322.9 M575.6 M
Decreasing
Slightly volatile
Net Income Common Stock USD(131.4 M)(128 M)37.6 M
Decreasing
Slightly volatile
Earning Before Interest and Taxes USD(127.5 M)(124.3 M)62.2 M
Decreasing
Slightly volatile
Gross Profit82.7 M80.6 M209.7 M
Decreasing
Slightly volatile
Operating Income(128.1 M)(124.8 M)60 M
Decreasing
Slightly volatile
Direct Expenses336.7 M242.4 M359.4 M
Decreasing
Slightly volatile

Dril Quip Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow from Financing(26.2 M)(24.3 M)(35 M)
Decreasing
Stable
Issuance Purchase of Equity Shares(26.1 M)(24.2 M)(35.4 M)
Decreasing
Very volatile
Net Cash Flow from Operations59.6 M38.4 M91.4 M
Decreasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (1.5 M)(1.4 M)(2.8 M)
Decreasing
Very volatile
Net Cash Flow or Change in Cash and Cash Equivalents9.2 M9.5 M13.2 M
Decreasing
Slightly volatile
Share Based Compensation14.6 M14.9 M11.3 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion34.2 M30.4 M30.9 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share(3.72)(3.62)0.8596
Decreasing
Slightly volatile
Earnings per Diluted Share(3.72)(3.62)0.8488
Decreasing
Slightly volatile
Earnings per Basic Share USD(3.72)(3.62)0.8596
Decreasing
Slightly volatile
Return on Average Equity(0.14)(0.132)0.0312
Decreasing
Slightly volatile
Return on Average Assets(0.12)(0.118)0.0268
Decreasing
Slightly volatile
Return on Invested Capital(0.21)(0.206)0.0663
Decreasing
Slightly volatile
Gross Margin0.280.250.3443
Decreasing
Slightly volatile
Profit Margin(0.41)(0.396)(0.0043)
Decreasing
Slightly volatile
EBITDA Margin(0.3)(0.291)0.0903
Decreasing
Slightly volatile
Return on Sales(0.4)(0.385)0.0273
Decreasing
Slightly volatile
Asset Turnover0.350.2970.4586
Decreasing
Slightly volatile
Enterprise Value over EBITDA(3.57)(3.478)1.8682
Decreasing
Slightly volatile
Enterprise Value over EBIT(3.08)(3.0)13.917
Decreasing
Very volatile
Price to Earnings Ratio(5.58)(5.436)78.5243
Increasing
Stable
Sales per Share11.249.14114.9341
Decreasing
Slightly volatile
Price to Sales Ratio2.652.1533.5859
Decreasing
Slightly volatile
Price to Book Value1.20.7761.9072
Decreasing
Slightly volatile
Debt to Equity Ratio0.120.1260.1208
Decreasing
Slightly volatile
Current Ratio9.117.968.2936
Increasing
Slightly volatile
Free Cash Flow per Share1.250.9971.6526
Decreasing
Stable
Book Value per Share30.8125.39229.6376
Increasing
Slightly volatile
Tangible Assets Book Value per Share28.4827.8532.0451
Decreasing
Very volatile
Total Assets Per Share29.1229.081932.5307
Increasing
Stable
Cash Flow Per Share1.131.1062.3468
Decreasing
Slightly volatile
Return on Investment(13.69)(13.3413)5.3644
Decreasing
Slightly volatile
Operating Margin(41.1)(40.044)2.0765
Decreasing
Slightly volatile
Calculated Tax Rate81.0975.1650.9275
Increasing
Slightly volatile
Receivables Turnover2.191.40382.4886
Decreasing
Slightly volatile
Inventory Turnover1.451.3531.2845
Decreasing
Very volatile
PPandE Turnover1.971.43212.0934
Decreasing
Slightly volatile
Cash and Equivalents Turnover0.940.92091.7192
Decreasing
Slightly volatile
Accounts Payable Turnover9.138.889715.9333
Decreasing
Slightly volatile
Accrued Expenses Turnover11.357.755812.4545
Decreasing
Slightly volatile
Long Term Debt to Equity1.0E-41.0E-41.0E-4
Decreasing
Slightly volatile
Quick Ratio5.375.88695.3881
Increasing
Slightly volatile
Net Current Assets as percentage of Total Assets61.2564.51664.5388
Increasing
Stable
Revenue to Assets0.440.31960.4649
Decreasing
Slightly volatile

Dril Quip Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax(128.3 M)(125 M)62 M
Decreasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(96.4 M)(93.9 M)92.9 M
Decreasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD(96.4 M)(93.9 M)92.9 M
Decreasing
Slightly volatile
Market Capitalization714.7 M696.4 M2.1 B
Decreasing
Slightly volatile
Enterprise Value335.1 M326.5 M1.7 B
Decreasing
Slightly volatile
Invested Capital604.7 M540.1 M739.5 M
Decreasing
Slightly volatile
Average Equity1.2 B970.1 M1.1 B
Increasing
Stable
Average Assets1.1 B1.1 B1.2 B
Decreasing
Very volatile
Invested Capital Average639.9 M604.1 M744.7 M
Decreasing
Stable
Tangible Asset ValueB984 M1.2 B
Decreasing
Slightly volatile
Free Cash Flow46.5 M35.2 M63.5 M
Decreasing
Stable
Working Capital693.3 M651.9 M807 M
Decreasing
Very volatile
Revenue Per Employee283.6 K240.6 K272.1 K
Decreasing
Slightly volatile
Net Income Per Employee(97.9 K)(95.4 K)6.9 K
Decreasing
Slightly volatile

Dril Quip Fundamental Market Drivers

Short Percent Of Float5.99%
Forward Price Earnings72.61
Shares Short Prior Month1.5M
Average Daily Volume Last 10 Day305.19k
Average Daily Volume In Three Month277.41k
Date Short Interest29th of April 2022
Fifty Day Average30.69
Two Hundred Day Average26.82

Dril Quip Upcoming Events

Upcoming Quarterly Report24th of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Dril Quip Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Dril Quip income statement, its balance sheet, and the statement of cash flows. Dril Quip investors use historical funamental indicators, such as Dril Quip's revenue or net income, to determine how well the company is positioned to perform in the future. Although Dril Quip investors may use each financial statement separately, they are all related. The changes in Dril Quip's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Dril Quip's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Dril Quip Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Dril Quip. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue9.7 M10 M
Cost of Revenue242.4 M282.9 M
Revenues322.9 M417.4 M
Revenue to Assets 0.32  0.44 
Revenue Per Employee240.6 K283.6 K
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. Dril Quip operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1342 people.

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Our tools can tell you how much better you can do entering a position in Dril Quip without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Dril Quip

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dril Quip position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dril Quip will appreciate offsetting losses from the drop in the long position's value.

Dril Quip Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dril Quip - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dril-Quip to buy it.
The correlation of Dril Quip is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril-Quip moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dril Quip can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Dril Quip Correlation against competitors. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril Quip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
874.4 M
Quarterly Revenue Growth YOY
0.023
Return On Assets
-0.0281
Return On Equity
-0.11
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.