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DRIL-QUIP INC

EDGAR
DRQ Current report (8-K) · filed 2026-10-29

Annual consolidated revenue for 2025: about USD 978.3M, using the latest reported figures. The previous period, 2024, was about USD 660.8M.

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Watchlist

Latest quarter

Revenue

245 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

13.79%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 33782000 USD Source
  • Revenue: 244896000 USD Source

Operating cash flow

37 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 56868000 USD Source
  • Operating Cash Flow: 19840000 USD Source
Cash and cash equivalents
186 million USD Source
Exact value

185629000 USD

Long-term debt including current maturities
25.4 million USD Source
Exact value

25429000 USD

Shares outstanding
68.9 million shares Source
Exact value

68875856 shares

Reported share-count change

0.14% · 96.7 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 68779153 shares · 2025-06-30· Source
  • 68875856 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

998 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 240000000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 978251000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 704649000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 239031000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 244896000 USD · 2026-04-01 – 2026-06-30 Source

Net income

61.6 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 39228000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 83298000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 69330000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -16671000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 25031000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

157 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 138674000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 90300000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 190912000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 138674000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 19840000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 56868000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 19840000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

27.9 million USD

2023-07-01 – 2024-06-30

Exact inputs and evidence
  • Capital expenditure: 21041000 USD · 2023-01-01 – 2023-09-30 Source
  • Capital expenditure: 15611000 USD · 2023-01-01 – 2023-06-30 Source
  • Capital expenditure: 32626000 USD · 2023-01-01 – 2023-12-31 Source
  • Capital expenditure: 21041000 USD · 2023-01-01 – 2023-09-30 Source
  • Capital expenditure: 4757000 USD · 2024-01-01 – 2024-03-31 Source
  • Capital expenditure: 10913000 USD · 2024-01-01 – 2024-06-30 Source
  • Capital expenditure: 4757000 USD · 2024-01-01 – 2024-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 9 of 11 periods available· newest 2023-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2023-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2024-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +48%

    Prior period

    USD 660.8 million

    –

    Current period

    USD 978.25 million

    –

    Exact inputs and evidence

    978251000 − 660803000 = 317448000 USD

    660803000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    978251000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -40.6%

    Prior period

    USD 140.33 million

    –

    Current period

    USD 83.3 million

    –

    Exact inputs and evidence

    83298000 − 140325000 = -57027000 USD

    140325000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    83298000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +104.3%

    Prior period

    USD 93.44 million

    –

    Current period

    USD 190.91 million

    –

    Exact inputs and evidence

    190912000 − 93439000 = 97473000 USD

    93439000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    190912000 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 978.25 million 100% of revenue
  • Cost of revenue USD 674.97 million 69% of revenue
  • Operating expenses USD 135.49 million 14% of revenue
  • Other operating costs Derived USD 35.16 million 3.6% of revenue
  • Operating income USD 132.63 million 14% of revenue
  • Tax, interest and other Derived USD 49.33 million 5% of revenue
  • Net income USD 83.3 million 8.5% of revenue

Cash

  • Operating cash flow USD 190.91 million 20% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 17%79%
  • 2017 Operating loss: operating costs were 115% of revenue.
  • 2018 Operating loss: operating costs were 132% of revenue.
  • 2019 99%
  • 2020 Operating loss: operating costs were 117% of revenue.
  • 2021 Operating loss: operating costs were 139% of revenue.
  • 2022 14%84%
  • 2023 13%82%
  • 2024 Net income was higher than operating income, so the split is not drawn.
  • 2025 86%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31538731000 425872000 Derived 112859000 19638000 Derived 93221000 220759000 Derived
Source
2017 2017-01-01 – 2017-12-31455469000 524605000 Derived -69136000 31503000 Derived -100639000 80371000 Derived
Source
2018 2018-01-01 – 2018-12-31384626000 507364000 Derived -122738000 -27043000 Derived -95695000 13442000 Derived
Source
2019 2019-01-01 – 2019-12-31414806000 412003000 Derived 2803000 1083000 Derived 1720000 3177000 Derived
Source
2020 2020-01-01 – 2020-12-31364973000 428532000 Derived -63559000 -32791000 Derived -30768000 -33031000 Derived
Source
2021 2021-01-01 – 2021-12-31322448000 447783000 Derived -125335000 3158000 Derived -128493000 28438000 Derived
Source
2022 2022-01-01 – 2022-12-31467189000 391346000 Derived 75843000 12565000 Derived 63278000 -24677000 Derived
Source
2023 2023-01-01 – 2023-12-31555539000 458257000 Derived 97282000 23356000 Derived 73926000 43238000 Derived
Source
2024 2024-01-01 – 2024-12-31660803000 611728000 Derived 49075000 -91250000 Derived 140325000 Unavailable
Source
2025 2025-01-01 – 2025-12-31978251000 845626000 Derived 132625000 49327000 Derived 83298000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 978.3M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.1B792.4M528.3M264.1M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue538731000
2017Revenue455469000
2018Revenue384626000
2019Revenue414806000
2020Revenue364973000
2021Revenue322448000
2022Revenue467189000
2023Revenue555539000
2024Revenue660803000
2025Revenue978251000

Revenue growth

Change in revenue from the same financial period one year earlier.

48% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55%30%6%-19%-43%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-36.2%
2017Year over year-15.5%
2018Year over year-15.6%
2019Year over year7.8%
2020Year over year-12%
2021Year over year-11.7%
2022Year over year44.9%
2023Year over year18.9%
2024Year over year18.9%
2025Year over year48%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 13.6% 2025
Net margin 8.5% 2025
Free cash flow margin 7.8% 2023
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.47%24%1%-23%-46%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin20.9%
2017Operating margin-15.2%
2018Operating margin-31.9%
2019Operating margin0.7%
2020Operating margin-17.4%
2021Operating margin-38.9%
2022Operating margin16.2%
2023Operating margin17.5%
2024Operating margin7.4%
2025Operating margin13.6%
2016Net margin17.3%
2017Net margin-22.1%
2018Net margin-24.9%
2019Net margin0.4%
2020Net margin-8.4%
2021Net margin-39.8%
2022Net margin13.5%
2023Net margin13.3%
2024Net margin21.2%
2025Net margin8.5%
2016Free cash flow margin41%
2017Free cash flow margin17.6%
2018Free cash flow margin3.5%
2019Free cash flow margin0.8%
2020Free cash flow margin-9.1%
2021Free cash flow margin8.8%
2022Free cash flow margin-5.3%
2023Free cash flow margin7.8%
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 190.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.267.9M190.3M112.7M35.1M-42.5M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow246522000
2017Operating cash flow107993000
2018Operating cash flow45503000
2019Operating cash flow14678000
2020Operating cash flow-21088000
2021Operating cash flow38428000
2022Operating cash flow-5811000
2023Operating cash flow75864000
2024Operating cash flow93439000
2025Operating cash flow190912000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 43.2M 2023
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.241.1M167.5M93.9M20.3M-53.3M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow220759000
2017Free cash flow80371000
2018Free cash flow13442000
2019Free cash flow3177000
2020Free cash flow-33031000
2021Free cash flow28438000
2022Free cash flow-24677000
2023Free cash flow43238000
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

16.6% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.33.3%24.9%16.6%8.3%0.0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets7.2%
2017Liabilities / assets7.5%
2018Liabilities / assets8.1%
2019Liabilities / assets9.6%
2020Liabilities / assets9.5%
2021Liabilities / assets11.2%
2022Liabilities / assets10.1%
2023Liabilities / assets30.8%
2024Liabilities / assets20%
2025Liabilities / assets16.6%

Current assets to current liabilities

Current assets divided by current liabilities.

4.91× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.11.30×8.47×5.65×2.82×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities10.41×
2017Current assets / current liabilities10.09×
2018Current assets / current liabilities10.46×
2019Current assets / current liabilities9.08×
2020Current assets / current liabilities10.09×
2021Current assets / current liabilities7.95×
2022Current assets / current liabilities8.57×
2023Current assets / current liabilities3.67×
2024Current assets / current liabilities3.94×
2025Current assets / current liabilities4.91×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 93.22 million
Exact value

Exact value: 93221000 USD

2016-01-01 – 2016-12-31: 93221000 USD Inspect Net Income Open source
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USD 246.52 million
Exact value

Exact value: 246522000 USD

2016-01-01 – 2016-12-31: 246522000 USD Inspect Operating Cash Flow Open source
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USD 25.76 million
Exact value

Exact value: 25763000 USD

2016-01-01 – 2016-12-31: 25763000 USD Inspect Capital Expenditure Open source
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USD 220.76 million
Calculation and evidence

246522000 − 25763000 USD

Exact free cash flow: 220759000 USD

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2017 2017-01-01 – 2017-12-31
−USD 100.64 million
Exact value

Exact value: -100639000 USD

2017-01-01 – 2017-12-31: -100639000 USD Inspect Net Income Open source
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USD 107.99 million
Exact value

Exact value: 107993000 USD

2017-01-01 – 2017-12-31: 107993000 USD Inspect Operating Cash Flow Open source
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USD 27.62 million
Exact value

Exact value: 27622000 USD

2017-01-01 – 2017-12-31: 27622000 USD Inspect Capital Expenditure Open source
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USD 80.37 million
Calculation and evidence

107993000 − 27622000 USD

Exact free cash flow: 80371000 USD

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2018 2018-01-01 – 2018-12-31
−USD 95.7 million
Exact value

Exact value: -95695000 USD

2018-01-01 – 2018-12-31: -95695000 USD Inspect Net Income Open source
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USD 45.5 million
Exact value

Exact value: 45503000 USD

2018-01-01 – 2018-12-31: 45503000 USD Inspect Operating Cash Flow Open source
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USD 32.06 million
Exact value

Exact value: 32061000 USD

2018-01-01 – 2018-12-31: 32061000 USD Inspect Capital Expenditure Open source
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USD 13.44 million
Calculation and evidence

45503000 − 32061000 USD

Exact free cash flow: 13442000 USD

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2019 2019-01-01 – 2019-12-31
USD 1.72 million
Exact value

Exact value: 1720000 USD

2019-01-01 – 2019-12-31: 1720000 USD Inspect Net Income Open source
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USD 14.68 million
Exact value

Exact value: 14678000 USD

2019-01-01 – 2019-12-31: 14678000 USD Inspect Operating Cash Flow Open source
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USD 11.5 million
Exact value

Exact value: 11501000 USD

2019-01-01 – 2019-12-31: 11501000 USD Inspect Capital Expenditure Open source
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USD 3.18 million
Calculation and evidence

14678000 − 11501000 USD

Exact free cash flow: 3177000 USD

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2020 2020-01-01 – 2020-12-31
−USD 30.77 million
Exact value

Exact value: -30768000 USD

2020-01-01 – 2020-12-31: -30768000 USD Inspect Net Income Open source
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−USD 21.09 million
Exact value

Exact value: -21088000 USD

2020-01-01 – 2020-12-31: -21088000 USD Inspect Operating Cash Flow Open source
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USD 11.94 million
Exact value

Exact value: 11943000 USD

2020-01-01 – 2020-12-31: 11943000 USD Inspect Capital Expenditure Open source
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−USD 33.03 million
Calculation and evidence

-21088000 − 11943000 USD

Exact free cash flow: -33031000 USD

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2021 2021-01-01 – 2021-12-31
−USD 128.49 million
Exact value

Exact value: -128493000 USD

2021-01-01 – 2021-12-31: -128493000 USD Inspect Net Income Open source
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USD 38.43 million
Exact value

Exact value: 38428000 USD

2021-01-01 – 2021-12-31: 38428000 USD Inspect Operating Cash Flow Open source
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USD 9.99 million
Exact value

Exact value: 9990000 USD

2021-01-01 – 2021-12-31: 9990000 USD Inspect Capital Expenditure Open source
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USD 28.44 million
Calculation and evidence

38428000 − 9990000 USD

Exact free cash flow: 28438000 USD

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2022 2022-01-01 – 2022-12-31
USD 63.28 million
Exact value

Exact value: 63278000 USD

2022-01-01 – 2022-12-31: 63278000 USD Inspect Net Income Open source
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−USD 5.81 million
Exact value

Exact value: -5811000 USD

2022-01-01 – 2022-12-31: -5811000 USD Inspect Operating Cash Flow Open source
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USD 18.87 million
Exact value

Exact value: 18866000 USD

2022-01-01 – 2022-12-31: 18866000 USD Inspect Capital Expenditure Open source
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−USD 24.68 million
Calculation and evidence

-5811000 − 18866000 USD

Exact free cash flow: -24677000 USD

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2023 2023-01-01 – 2023-12-31
USD 73.93 million
Exact value

Exact value: 73926000 USD

2023-01-01 – 2023-12-31: 73926000 USD Inspect Net Income Open source
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USD 75.86 million
Exact value

Exact value: 75864000 USD

2023-01-01 – 2023-12-31: 75864000 USD Inspect Operating Cash Flow Open source
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USD 32.63 million
Exact value

Exact value: 32626000 USD

2023-01-01 – 2023-12-31: 32626000 USD Inspect Capital Expenditure Open source
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USD 43.24 million
Calculation and evidence

75864000 − 32626000 USD

Exact free cash flow: 43238000 USD

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2024 2024-01-01 – 2024-12-31
USD 140.33 million
Exact value

Exact value: 140325000 USD

2024-01-01 – 2024-12-31: 140325000 USD Inspect Net Income Open source
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USD 93.44 million
Exact value

Exact value: 93439000 USD

2024-01-01 – 2024-12-31: 93439000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 83.3 million
Exact value

Exact value: 83298000 USD

2025-01-01 – 2025-12-31: 83298000 USD Inspect Net Income Open source
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USD 190.91 million
Exact value

Exact value: 190912000 USD

2025-01-01 – 2025-12-31: 190912000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

206 filings · 11,766 latest values · 11,766 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001042893, 1042893, DRQ, INVX, edgar:1042893

Also known as DRIL-QUIP INC, DRIL-QUIP, INC., INNOVEX INTERNATIONAL, INC., Innovex International, Inc.