Tearsheet

Drilling Tools International (DTI)

Market Price (3/19/2026): $3.73 | Market Cap: $132.7 Mil
Sector: Energy | Industry: Oil & Gas Equipment & Services

Drilling Tools International (DTI)

Market Price (3/19/2026): $3.73
Market Cap: $132.7 Mil
Sector: Energy
Industry: Oil & Gas Equipment & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%	Weak multi-year price returns 3Y Excs Rtn is -136%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51%
1	Megatrend and thematic drivers Megatrends include US Energy Independence. Themes include US Oilfield Technologies.		Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 60x
2			Weak revenue growth Rev Chg QQuarterly Revenue Change % is -3.4%
3			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.2%
4			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 64%
5			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.0%
6			Key risks DTI key risks include [1] persistent pricing and margin pressure driving a forecast of declining profitability and cash flow, Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
1	Megatrend and thematic drivers Megatrends include US Energy Independence. Themes include US Oilfield Technologies.
2	Weak multi-year price returns 3Y Excs Rtn is -136%
3	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 60x
5	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -3.4%
6	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.2%
7	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 64%
8	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.0%
9	Key risks DTI key risks include [1] persistent pricing and margin pressure driving a forecast of declining profitability and cash flow, Show more.

Valuation, Metrics & Events

	3/19/26	2025	2024	2023	2022
Share Price CYE	$3.73	$2.45	$3.27	$3.20	$10.24
Market Cap CYE ($ Mil)	132.7	87.2	114.7	95.6	-
Total Debt ($ Mil)	71.6	71.6	76.7	18.9	38.4
Total Cash ($ Mil)	3.6	3.6	6.2	6.9	3.5
Enterprise Value ($ Mil)	200.7	158.8	191.4	114.5
Valuation Ratios
P/S TTM	0.8	0.5	0.7	0.6	-
P/EBIT TTM	60.5	39.7	18.1	4.6	-
P/E TTM	-35.3	-23.2	38.1	6.5	-
P/FCF TTM	-69.2	-45.5	-6.8	-4.7	-
Sector Ratios
P/S TTM (Sector)	1.8	1.4	1.5	1.5	1.3
P/EBIT TTM (Sector)	9.1	7.1	6.6	5.9	3.9
P/E TTM (Sector)	14.0	11.2	10.3	8.1	5.1
P/FCF TTM (Sector)	10.6	8.1	6.9	7.5	5.2

	3/19/26	2025	2024
Share Price CYE	$3.73	$2.45	$3.27
Market Cap CYE ($ Mil)	132.7	87.2	114.7
Total Debt ($ Mil)	71.6	71.6	76.7
Total Cash ($ Mil)	3.6	3.6	6.2
Enterprise Value ($ Mil)	200.7	158.8	191.4
Valuation Ratios
P/S TTM	0.8	0.5	0.7
P/EBIT TTM	60.5	39.7	18.1
P/E TTM	-35.3	-23.2	38.1
P/FCF TTM	-69.2	-45.5	-6.8
Sector Ratios
P/S TTM (Sector)	1.8	1.4	1.5
P/EBIT TTM (Sector)	9.1	7.1	6.6
P/E TTM (Sector)	14.0	11.2	10.3
P/FCF TTM (Sector)	10.6	8.1	6.9

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Metric	Value	Date	Source
Number of North American Service and Support Centers	15	8142025	Link
Number of International Service and Support Centers	11	8142025	Link
Number of Patented Products	16	8142025	Link
Number of Active Patents	approximately 150	8142025	Link
Projected Eastern Hemisphere Revenue Contribution	around 16%	8142025	Link

Recent
3/05/2026	Earnings Release	Rev: $38 Mil (A) vs. $37 Mil (E) EPS: 0.04 (A) vs. $0.00 (E)
Upcoming
5/12/2026	Earnings Release	Rev: $37 Mil (E) EPS: $0.01 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Drilling Tools International (DTI) stock has gained about 55% since 11/30/2025 because of the following key factors:

1. Strong 2025 Financial Performance Exceeding Estimates. Drilling Tools International reported consolidated revenue of $38.5 million for the fourth quarter of 2025, surpassing analyst estimates of $37.02 million. For the full year 2025, DTI generated $159.6 million in total consolidated revenue, with Adjusted Net Income of $3.4 million and Adjusted Diluted EPS of $0.10 per share. The company's Adjusted EBITDA for 2025 was $39.3 million, and its fourth-quarter Adjusted EBITDA reached a six-quarter high of $10.1 million, reflecting a 26.2% margin. This performance was achieved despite a nearly 7% decline in global rig counts in 2025, with DTI reaching the high end of its guidance ranges.

2. Robust Free Cash Flow Generation and Significant Debt Reduction. Drilling Tools International demonstrated strong capital discipline, generating $19.2 million in Adjusted Free Cash Flow for the full year 2025, marking consistent annual growth since going public. The company also significantly reduced its net debt by over $11 million in the second half of 2025, bringing its net debt to $42.2 million as of December 31, 2025, and improving its net leverage ratio to 1.1x.

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Stock Movement Drivers

Fundamental Drivers

The 55.4% change in DTI stock from 11/30/2025 to 3/18/2026 was primarily driven by a 57.6% change in the company's P/S Multiple.

(LTM values as of)	11302025	3182026	Change
Stock Price ($)	2.40	3.73	55.4%
Change Contribution By:
Total Revenues ($ Mil)	161	160	-0.8%
P/S Multiple	0.5	0.8	57.6%
Shares Outstanding (Mil)	35	36	-0.6%
Cumulative Contribution			55.4%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/18/2026

	Return	Correlation
DTI	55.4%
Market (SPY)	-3.2%	21.5%
Sector (XLE)	29.2%	16.2%

Fundamental Drivers

The 86.5% change in DTI stock from 8/31/2025 to 3/18/2026 was primarily driven by a 89.6% change in the company's P/S Multiple.

(LTM values as of)	8312025	3182026	Change
Stock Price ($)	2.00	3.73	86.5%
Change Contribution By:
Total Revenues ($ Mil)	162	160	-1.6%
P/S Multiple	0.4	0.8	89.6%
Shares Outstanding (Mil)	36	36	0.0%
Cumulative Contribution			86.5%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/18/2026

	Return	Correlation
DTI	86.5%
Market (SPY)	2.8%	14.3%
Sector (XLE)	30.4%	18.4%

Fundamental Drivers

The 15.5% change in DTI stock from 2/28/2025 to 3/18/2026 was primarily driven by a 16.6% change in the company's P/S Multiple.

(LTM values as of)	2282025	3182026	Change
Stock Price ($)	3.23	3.73	15.5%
Change Contribution By:
Total Revenues ($ Mil)	150	160	6.6%
P/S Multiple	0.7	0.8	16.6%
Shares Outstanding (Mil)	33	36	-7.1%
Cumulative Contribution			15.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/18/2026

	Return	Correlation
DTI	15.5%
Market (SPY)	12.3%	36.3%
Sector (XLE)	31.6%	36.0%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/18/2026

	Return	Correlation
DTI	-64.1%
Market (SPY)	73.1%	25.1%
Sector (XLE)	53.3%	25.1%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
DTI Return	0%	4%	-69%	2%	-25%	50%	-63%
Peers Return	-10%	70%	16%	35%	24%	29%	284%
S&P 500 Return	27%	-19%	24%	23%	16%	-2%	79%
Monthly Win Rates [3]
DTI Win Rate	0%	83%	42%	42%	50%	67%
Peers Win Rate	47%	63%	53%	48%	60%	73%
S&P 500 Win Rate	75%	42%	67%	75%	67%	33%
Max Drawdowns [4]
DTI Max Drawdown	-0%	-0%	-70%	-16%	-52%	0%
Peers Max Drawdown	-30%	-15%	-20%	-19%	-25%	-2%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-3%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: FTI, HLX, FTK, SLB, BKR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/18/2026 (YTD)

How Low Can It Go

Unique Key	Event	DTI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-71.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	247.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days

Compare to FTI, HLX, FTK, SLB, BKR

In The Past

Drilling Tools International's stock fell -71.2% during the 2022 Inflation Shock from a high on 5/24/2023. A -71.2% loss requires a 247.4% gain to breakeven.

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About Drilling Tools International (DTI)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Drilling Tools International Corp. operates as a oilfield services company. It manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. It operates in North America, Europe, and the Middle East. The company was incorporated in 1984 and is headquartered in Houston, Texas.

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United Rentals for specialized oil and gas drilling equipment.

A specialized Caterpillar for downhole drilling tools in the oilfield.

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Downhole Drilling Tools Manufacturing: The company produces specialized tools essential for horizontal and directional drilling of oil and natural gas wells.
Downhole Drilling Tools Rental: DTI provides rental services for its manufactured downhole drilling tools, catering to the needs of oil and natural gas exploration companies.

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Drilling Tools International Corp. (DTI) primarily sells its downhole drilling tools and services to other companies in the oil and natural gas industry. However, the company does not publicly disclose the names of its specific major customers in its financial filings or investor materials.

Based on the nature of its business—manufacturing and renting downhole drilling tools used in horizontal and directional drilling—DTI's customer base typically comprises the following categories of companies:

Oil and Gas Exploration and Production (E&P) Companies: These companies are directly involved in finding, extracting, and producing crude oil and natural gas. They utilize DTI's specialized tools for their drilling operations, particularly for complex horizontal and directional wells. This category includes both large integrated energy companies and smaller independent producers.
Drilling Contractors: These companies own and operate the drilling rigs and provide drilling services to E&P companies. Drilling contractors often rent or purchase specialized tools from companies like DTI to complement their drilling operations and meet the specific technical requirements of their clients' wells.
Other Oilfield Service Companies: In some cases, larger, integrated oilfield service companies might procure specific tools or services from DTI to fulfill a broader service contract they have with an E&P client.

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Wayne Prejean, Interim Chair of the Board, President & Chief Executive Officer

Mr. Prejean has over 40 years of industry experience, beginning his career in 1979 in field operations in the Gulf of Mexico. In 1999, he founded Wildcat Services, a provider of specialty automatic drilling equipment, which grew to over 500 systems in 20 countries before being sold to National Oilwell Varco in 2004. He has also co-founded several other oilfield services companies focused on solids control, downhole tool development, MWD products, and precision metal cutting and machining. Mr. Prejean has been involved in multiple merger and acquisition transactions.

David Johnson, Chief Financial Officer

Mr. Johnson serves as the Chief Financial Officer for Drilling Tools International, a role he has held since October 2013. He possesses over three decades of accounting experience, with more than two decades specifically in the oil and gas industry. His previous significant roles in finance and administration include positions at Directional Drilling Company, Sharewell Energy Services, and PathFinder Energy Services, Inc.

Michael W. Domino, Jr., President, Directional Tool Rentals Division

Mr. Domino serves as the President of the Directional Tool Rentals Division. In connection with Drilling Tools International's business combination in June 2023, he received common stock and options.

Aldo Rodriguez, Vice President, Sales

Mr. Rodriguez is the Vice President of Sales for Drilling Tools International. He has received equity compensation awards and holds direct common stock in the company.

Troy Meier, President, Diamond Products

Mr. Meier is the President of Diamond Products at Drilling Tools International.

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The key risks for Drilling Tools International (DTI) are primarily tied to the cyclical nature of the oil and gas industry and its operational dependencies.

Dependence on Oil and Gas Industry Activity and Commodity Prices: Drilling Tools International's business performance is highly sensitive to the activity levels in the oil and natural gas industry, which are directly influenced by trends in crude oil and natural gas prices, as well as customer expenditure levels. Volatility in energy prices and fluctuations in drilling activity can significantly impact the demand for DTI's products and services.
Customer Concentration Risk: The company's reliance on a relatively small number of customers within the oil and gas industry poses a significant risk. The loss of a major customer or a substantial reduction in business from key clients could materially and adversely affect DTI's operations, financial condition, and results of operations.
Competition and Pricing Pressures: Drilling Tools International operates within a competitive oil and gas drilling tool rental industry. This competitive environment can adversely affect the company's ability to market its services, potentially leading to pricing pressures that could erode profit margins. Additionally, the emergence of new technologies could render DTI's existing tools less competitive, further impacting its market position.

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The global energy transition away from fossil fuels, driven by climate change concerns, increasing ESG (Environmental, Social, and Governance) pressures, and the growing adoption of renewable energy sources, represents a clear emerging threat. This macro trend directly impacts the long-term demand for oil and natural gas drilling, which in turn diminishes the market for Drilling Tools International's core products and services used in oil and gas well development.

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Drilling Tools International (DTI) operates within significant addressable markets for its downhole drilling tools, which are primarily utilized in horizontal and directional drilling of oil and natural gas wells across North America, Europe, and the Middle East. The company's main products and services are integral to the broader downhole tools and horizontal directional drilling markets.

Addressable Market Sizes:

Global Downhole Tools Market: The global downhole tools market was estimated at approximately USD 5.18 billion in 2025.
North America Downhole Tools Market: This region held the largest share of the global downhole tools market, valued at around USD 1.7 billion in 2024.
Europe Downhole Tools Market: Europe accounted for approximately 25% of the global downhole tools market share. Based on the 2025 global market size, this would represent an addressable market of approximately USD 1.3 billion for downhole tools in Europe.
Middle East Downhole Tools Market: The downhole tools market in the Middle East was valued at US$ 857.5 million in 2025 and is projected to grow to US$ 1,245.0 million by 2032.
Global Horizontal Directional Drilling (HDD) Market: The global horizontal directional drilling market size was valued at USD 10.3 billion in 2025.
North America Horizontal Directional Drilling (HDD) Market: North America is a dominant region in the HDD market. The U.S. horizontal directional drilling market alone generated a revenue of USD 1,892.3 million in 2024.
Europe Horizontal Directional Drilling (HDD) Market: This market generated a revenue of USD 1,933.4 million in 2024.
Middle East & Africa Directional Drilling Market: The directional drilling market in the Middle East & Africa was valued at USD 2.01 billion in 2024.

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Drilling Tools International (DTI) anticipates several key drivers for its future revenue growth over the next 2-3 years, stemming from its strategic initiatives and market outlook.

International Expansion, particularly in the Eastern Hemisphere: DTI has demonstrated significant growth in its Eastern Hemisphere operations, with revenue increasing by 78% year-over-year in the fourth quarter of 2025. This region now accounts for 14% of the company's total revenue, with expectations for further growth to 18% in 2026. The company's international footprint has expanded to 11 service and support centers in the Eastern Hemisphere, up from zero in 2020.
Strategic Acquisitions and Industry Consolidation: DTI has actively pursued and completed several key acquisitions, including Deep Casing Tools, Superior Drilling Products, European Drilling Projects, and Titan Tools, which have expanded its geographic reach and diversified its product lines. The company has an "active M&A pipeline" and aims to leverage its infrastructure and customer relationships for further industry consolidation to drive growth.
Product Innovation and Technologically Differentiated Offerings: DTI emphasizes its focus on product innovation and its portfolio of technologically differentiated tools. The company holds approximately 150 active patents supporting 16 patented products. Growth in specific product lines like RotoSteer and Drill-N-Ream, along with secured distribution rights for emerging technologies that facilitate longer horizontal drilling, are expected to contribute to revenue growth.
Increased Market Demand and Energy Market Recovery: Despite a decline in global rig counts in 2025, DTI is preparing for increased market-driven demand for its rental tools and services throughout the remainder of the decade. Management anticipates market stabilization and operational improvements in the latter half of 2026, with potential catalysts including rig reactivations in Saudi Arabia and increased project activity in other international markets.

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Share Repurchases

In 2025, Drilling Tools International authorized a $10 million share repurchase program and bought back more than $1.25 million of stock.
Approximately $660,000 of common shares were repurchased in the second half of 2025.

Share Issuance

Drilling Tools International was listed on NASDAQ in June 2023.

Inbound Investments

The company expanded its asset-based credit facility to $80 million.
A $25 million term loan was added, maturing in March 2029.

Outbound Investments

Since going public, Drilling Tools International has completed four acquisitions.
On March 15, 2024, Drilling Tools International acquired Deep Casing Tools Limited for £16.2 million.
The acquisition of UK-based Titan Tools Services was finalized on January 2, 2025, to enhance product offerings and strengthen its presence in key international markets.

Capital Expenditures

Planned capital expenditures for 2026 are projected between $18 million and $23 million.
In 2025, the company shifted its focus from growth capital expenditures to prioritizing cash flow generation due to a softer market.
Capital expenditures were described as modest in Q3 2025.

Interactive Breakdown

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Better Bets vs. Drilling Tools International (DTI)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Drilling Tools International Earnings Notes	12/16/2025

	Title
0	ARTICLES

Trade Ideas

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TPL_12262025_Dip_Buyer_ValueBuy	12262025	TPL	Texas Pacific Land	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	82.3%	82.3%	-2.1%
NOV_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V2	12122025	NOV	NOV	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	23.6%	23.6%	-6.5%
RIG_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V2	12122025	RIG	Transocean	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	56.9%	56.9%	-7.0%
WHD_11212025_Dip_Buyer_ValueBuy	11212025	WHD	Cactus	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	31.6%	31.6%	0.0%
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	41.7%	41.7%	0.0%

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Peer Comparisons

Peers to compare with:

Financials

	DTI	FTI	HLX	FTK	SLB	BKR	Median
Name	Drilling.	TechnipF.	Helix En.	Flotek I.	SLB	Baker Hu.
Mkt Price	3.73	65.13	9.46	16.48	45.32	57.48	30.90
Mkt Cap	0.1	26.2	1.4	0.6	67.8	56.8	13.8
Rev LTM	160	9,933	1,291	221	35,709	27,733	5,612
Op Inc LTM	9	1,393	83	27	5,457	3,557	738
FCF LTM	-2	1,447	120	-5	4,543	2,537	784
FCF 3Y Avg	-13	865	139	-3	4,520	2,143	502
CFO LTM	20	1,765	137	-2	6,489	3,810	951
CFO 3Y Avg	16	1,140	158	-1	6,576	3,401	649

Growth & Margins

	DTI	FTI	HLX	FTK	SLB	BKR	Median
Name	Drilling.	TechnipF.	Helix En.	Flotek I.	SLB	Baker Hu.
Rev Chg LTM	3.4%	9.4%	-4.9%	23.6%	-1.6%	-0.3%	1.5%
Rev Chg 3Y Avg	-	14.1%	16.0%	36.5%	8.6%	9.8%	14.1%
Rev Chg Q	-3.4%	6.3%	-5.9%	12.6%	5.0%	0.3%	2.6%
QoQ Delta Rev Chg LTM	-0.8%	1.5%	-1.6%	2.9%	1.3%	0.1%	0.7%
Op Mgn LTM	5.5%	14.0%	6.4%	12.1%	15.3%	12.8%	12.5%
Op Mgn 3Y Avg	10.3%	10.5%	8.0%	2.6%	16.4%	11.8%	10.4%
QoQ Delta Op Mgn LTM	0.4%	0.8%	0.0%	2.7%	-0.9%	0.1%	0.2%
CFO/Rev LTM	12.5%	17.8%	10.6%	-0.7%	18.2%	13.7%	13.1%
CFO/Rev 3Y Avg	10.6%	12.4%	12.0%	-0.7%	18.8%	12.6%	12.2%
FCF/Rev LTM	-1.2%	14.6%	9.3%	-2.2%	12.7%	9.1%	9.2%
FCF/Rev 3Y Avg	-8.5%	9.3%	10.5%	-1.5%	12.9%	7.9%	8.6%

Valuation

	DTI	FTI	HLX	FTK	SLB	BKR	Median
Name	Drilling.	TechnipF.	Helix En.	Flotek I.	SLB	Baker Hu.
Mkt Cap	0.1	26.2	1.4	0.6	67.8	56.8	13.8
P/S	0.8	2.6	1.1	2.7	1.9	2.0	2.0
P/EBIT	60.5	19.4	18.4	26.2	14.0	18.3	18.9
P/E	-35.3	27.2	45.1	18.5	20.1	21.9	21.0
P/CFO	6.7	14.9	10.2	-367.8	10.4	14.9	10.3
Total Yield	-2.8%	4.0%	2.2%	5.4%	7.3%	6.2%	4.7%
Dividend Yield	0.0%	0.3%	0.0%	0.0%	2.4%	1.6%	0.2%
FCF Yield 3Y Avg	-12.8%	6.3%	11.1%	-2.1%	7.4%	5.4%	5.8%
D/E	0.5	0.1	0.5	0.1	0.2	0.1	0.1
Net D/E	0.5	0.0	0.1	0.1	0.1	0.0	0.1

Returns

	DTI	FTI	HLX	FTK	SLB	BKR	Median
Name	Drilling.	TechnipF.	Helix En.	Flotek I.	SLB	Baker Hu.
1M Rtn	-6.5%	6.2%	10.0%	-4.7%	-10.1%	-5.7%	-5.2%
3M Rtn	44.6%	46.9%	42.0%	8.4%	18.3%	27.4%	34.7%
6M Rtn	46.9%	66.4%	49.2%	39.9%	32.1%	24.7%	43.4%
12M Rtn	37.6%	132.9%	13.6%	73.5%	13.6%	34.2%	35.9%
3Y Rtn	-64.2%	437.7%	31.2%	186.2%	9.5%	128.7%	79.9%
1M Excs Rtn	-4.7%	9.6%	15.9%	-2.1%	-5.9%	-0.8%	-1.4%
3M Excs Rtn	36.0%	43.9%	36.4%	8.8%	20.0%	25.9%	30.9%
6M Excs Rtn	55.8%	67.0%	48.2%	37.9%	30.1%	22.5%	43.1%
12M Excs Rtn	17.0%	115.2%	-0.9%	44.7%	-4.0%	16.9%	16.9%
3Y Excs Rtn	-136.1%	312.2%	-47.5%	100.1%	-71.7%	46.9%	-0.3%

FDIC Bank Data

Bank Capital

null

Bank Deposits

null

Bank Assets

null

Bank Loans

null

FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Filing Date	3/6/2026	3/6/2026	3/14/2025	3/28/2024	4/3/2023	4/3/2023
Key Financials
Total Revenue	160	160	154	152	130	77
EBITDA	29	29	30	41	45	25
Operating Income	9	9	13	26	25	-6
Net Income	-4	-4	3	15	21	2
EPS	-0.12	-0.11	0.09	0.67	-	-
Growth Rates
Total Revenue Growth	3.4%	3.4%	1.6%	17.4%	67.4%	-
EBITDA Growth	-2.3%	-2.3%	-26.8%	-8.3%	81.0%	-
Operating Income Growth	-34.3%	-34.3%	-47.5%	1.1%	502.7%	-
Net Income Growth	-224.9%	-224.8%	-79.6%	-30.0%	903.3%	-
Margins
EBITDA Margin	18.5%	18.5%	19.5%	27.1%	34.7%	32.1%
Operating Income Margin	5.5%	5.5%	8.7%	16.8%	19.5%	-8.1%
Net Income Margin	-2.4%	-2.4%	2.0%	9.7%	16.3%	2.7%
Cash & Debt
Total Cash	4	4	6	7	3	1
Total Debt	72	72	77	19	38	27
Net Debt / (Cash)	68	68	71	12	35	26
Cash Flows
Net Cash from Operations	20	20	6	23	14	-0
Free Cash from Operations	-2	-2	-17	-20	-11	-12
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0
Share Repurchases	1	1	-0	0	-0	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	3/6/2026	11/7/2025	8/14/2025	5/14/2025	3/14/2025	11/14/2024	8/9/2024	5/15/2024	3/28/2024	11/14/2023	8/14/2023	5/15/2024
Key Financials Quarterly
Total Revenue	39	39	39	43	40	40	38	37	35	38	38	41
Ebitda	9	8	7	6	6	8	7	10	9	12	7	13
Operating Income	2	1	2	3	2	4	2	5	6	7	4	8
Net Income	1	-1	-2	-2	-1	1	0	3	4	4	1	6
EPS	0.03	-0.03	-0.07	-0.05	-0.04	0.03	0.01	0.11	0.13	0.14	0.07	0.18
Key Financials TTM
Total Revenue TTM	160	161	162	160	154	150	148	148	152	154	152	144
Ebitda TTM	29	27	27	27	30	33	37	38	41	45	46	47
Operating Income TTM	9	8	11	12	13	17	20	22	25	27	28	32
Net Income TTM	-4	-6	-5	-2	3	8	12	12	15	18	20	25
Growth Rates Quarterly
Total Revenue Growth	-3.4%	-3.2%	5.0%	16.0%	13.2%	5.1%	-1.0%	-9.4%	-4.0%	4.4%	24.8%	-
EBITDA Growth	47.6%	0.7%	-4.0%	-35.5%	-32.4%	-35.0%	-8.2%	-26.1%	-30.2%	-5.8%	-8.3%	-
Operating Income Growth	31.6%	-65.7%	-25.2%	-35.6%	-68.8%	-40.4%	-47.8%	-35.2%	-26.9%	-11.7%	-46.8%	-
Net Income Growth	190.4%	-204.2%	-759.5%	-153.4%	-135.2%	-79.8%	-61.0%	-45.2%	-43.9%	-38.7%	-84.2%	-
Margins Quarterly
EBITDA Margin	23.6%	19.8%	16.5%	14.5%	15.4%	19.1%	18.1%	26.0%	25.8%	30.8%	19.5%	31.9%
Operating Income Margin	6.2%	3.8%	4.2%	7.7%	4.5%	10.6%	6.0%	13.9%	16.5%	18.7%	11.3%	19.4%
Net Income Margin	3.2%	-2.3%	-6.1%	-3.9%	-3.4%	2.2%	1.0%	8.5%	10.9%	11.2%	2.5%	14.0%
Cash & Debt
Total Cash	4	4	1	3	6	12	8	15	7	5	9	-
Total Debt	72	78	80	79	77	68	46	43	19	20	20	0
Net Debt / (Cash)	68	73	79	76	71	56	38	28	12	15	12	-
Cash Flows Quarterly
FCF from Operations	5	10	2	2	-4	5	1	3	6	3	7	7
Cash Flows TTM
FCF from Operations TTM	20	11	6	5	6	16	14	20	23	26	26	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	1	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	4.8%	2.9%	3.2%	5.9%	2.8%	9.4%	6.7%	12.8%	21.7%	17.4%	6.5%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	4.5%	4.1%	5.0%	3.5%	6.9%	9.3%	12.2%	13.5%	17.5%	18.5%	21.6%	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022
Providing oilfield equipment and services to operators in wellbore construction and casing installation	154	152
Product sales			31	18
Tool Rental			99	59
Total	154	152	130	77

Net Income by Segment

$ Mil	2025	2024	2023	2022
Providing oilfield equipment and services to operators in wellbore construction and casing installation		15
Total		15

Price Behavior

Price Behavior

Market Price	$3.73
Market Cap ($ Bil)	0.1
First Trading Date	12/29/2021
Distance from 52W High	-10.1%
	50 Days	200 Days
DMA Price	$3.61	$2.71
DMA Trend	up	up
Distance from DMA	3.4%	37.6%
	3M	1YR
Volatility	83.1%	86.4%
Downside Capture	138.37	85.65
Upside Capture	374.09	103.53
Correlation (SPY)	25.7%	35.8%

DTI Betas & Captures as of 2/28/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.71	1.51	1.74	1.06	1.63	1.16
Up Beta	-1.34	1.21	2.38	2.47	1.65	1.20
Down Beta	4.08	0.13	2.03	2.19	2.40	1.95
Up Capture	147%	413%	300%	100%	101%	14%
Bmk +ve Days	9	20	31	70	142	431
Stock +ve Days	8	19	29	58	115	337
Down Capture	211%	77%	25%	-74%	105%	101%
Bmk -ve Days	12	21	30	54	109	320
Stock -ve Days	12	21	31	61	124	360

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DTI
DTI	46.6%	86.0%	0.83	-
Sector ETF (XLE)	31.5%	24.7%	1.06	35.4%
Equity (SPY)	17.7%	18.9%	0.73	35.3%
Gold (GLD)	62.0%	26.4%	1.81	8.8%
Commodities (DBC)	18.3%	17.3%	0.85	24.8%
Real Estate (VNQ)	4.2%	16.1%	0.08	21.2%
Bitcoin (BTCUSD)	-12.1%	44.3%	-0.16	19.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DTI
DTI	-8.7%	60.9%	0.04	-
Sector ETF (XLE)	21.2%	26.1%	0.74	21.5%
Equity (SPY)	12.4%	17.0%	0.57	20.5%
Gold (GLD)	22.6%	17.3%	1.07	7.5%
Commodities (DBC)	10.7%	19.0%	0.45	13.6%
Real Estate (VNQ)	4.2%	18.8%	0.13	8.9%
Bitcoin (BTCUSD)	5.0%	56.7%	0.31	11.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DTI
DTI	-4.4%	60.9%	0.04	-
Sector ETF (XLE)	11.1%	29.4%	0.41	21.5%
Equity (SPY)	14.6%	17.9%	0.70	20.5%
Gold (GLD)	14.1%	15.7%	0.75	7.5%
Commodities (DBC)	8.4%	17.6%	0.39	13.6%
Real Estate (VNQ)	5.6%	20.7%	0.23	8.9%
Bitcoin (BTCUSD)	67.9%	66.8%	1.07	11.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	2272026
Short Interest: Shares Quantity	0.2 Mil
Short Interest: % Change Since 2152026	71.1%
Average Daily Volume	0.2 Mil
Days-to-Cover Short Interest	1.1 days
Basic Shares Quantity	35.6 Mil
Short % of Basic Shares	0.5%

Returns Analyses

null

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
3/5/2026	9.1%	3.0%
11/6/2025	0.0%	24.3%	52.0%
8/13/2025	9.4%	-1.0%	15.6%
3/13/2025	-0.4%	4.8%	-29.5%
11/13/2024	-0.3%	-2.6%	0.6%
8/6/2024	-8.8%	-10.1%	-12.9%
3/7/2024	1.0%	0.0%	54.9%
11/13/2023	1.6%	-0.5%	-10.9%
...
SUMMARY STATS
# Positive	5	4	4
# Negative	4	5	4
Median Positive	1.6%	3.9%	33.8%
Median Negative	-1.9%	-2.6%	-11.9%
Max Positive	9.4%	24.3%	54.9%
Max Negative	-8.8%	-10.1%	-29.5%

	Forward Returns
3/5/2026	9.1%	3.0%
11/6/2025	0.0%	24.3%	52.0%
8/13/2025	9.4%	-1.0%	15.6%
3/13/2025	-0.4%	4.8%	-29.5%
11/13/2024	-0.3%	-2.6%	0.6%
8/6/2024	-8.8%	-10.1%	-12.9%
3/7/2024	1.0%	0.0%	54.9%
11/13/2023	1.6%	-0.5%	-10.9%
8/14/2023	-3.3%	-7.1%	-1.1%
SUMMARY STATS
# Positive	5	4	4
# Negative	4	5	4
Median Positive	1.6%	3.9%	33.8%
Median Negative	-1.9%	-2.6%	-11.9%
Max Positive	9.4%	24.3%	54.9%
Max Negative	-8.8%	-10.1%	-29.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	03/06/2026	10-K
09/30/2025	11/07/2025	10-Q
06/30/2025	08/14/2025	10-Q
03/31/2025	05/14/2025	10-Q
12/31/2024	03/14/2025	10-K
09/30/2024	11/14/2024	10-Q
06/30/2024	08/09/2024	10-Q
03/31/2024	05/15/2024	10-Q
12/31/2023	03/28/2024	10-K
09/30/2023	11/14/2023	10-Q
06/30/2023	08/14/2023	10-Q
12/31/2022	04/03/2023	S-4/A

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Domino, Michael Wayne Jr	President, DTR Division	Direct	Sell	12152025	2.65	2,083	5,520	3,869,352	Form
2	Domino, Michael Wayne Jr	President, DTR Division	Direct	Sell	11172025	2.51	2,083	5,238	3,676,742	Form
3	Domino, Michael Wayne Jr	President, DTR Division	Direct	Sell	10242025	2.50	2,083	5,208	3,660,748	Form
4	Domino, Michael Wayne Jr	President, DTR Division	Direct	Sell	9172025	2.50	4,166	10,415	3,665,955	Form
5	Domino, Michael Wayne Jr	President, DTR Division	Direct	Sell	1162026	3.36	2,083	6,999	4,899,048	Form

DTI Trade Sentinel

Stock Conviction

null

CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing DTI?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What DTI Makes & Who Pays

TTM figures based on

DTI Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Drilling Tools International (DTI)

Market Price (3/19/2026): $3.73 | Market Cap: $132.7 MilSector: Energy | Industry: Oil & Gas Equipment & Services

Drilling Tools International (DTI)

Market Price (3/19/2026): $3.73Market Cap: $132.7 MilSector: EnergyIndustry: Oil & Gas Equipment & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Drilling Tools International (DTI)

Addressable Market Sizes:

Interactive Breakdown

Better Bets vs. Drilling Tools International (DTI)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

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Top Gainers

Top Losers

Top Gainers

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Peer Comparisons

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

DTI Trade Sentinel

null

CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Position Sizing

null

Diversification Alternatives

Repricing Catalyst

Industry Resources

External Quote Links

Market Price (3/19/2026): $3.73 | Market Cap: $132.7 Mil
Sector: Energy | Industry: Oil & Gas Equipment & Services

Market Price (3/19/2026): $3.73
Market Cap: $132.7 Mil
Sector: Energy
Industry: Oil & Gas Equipment & Services