Drilling Tools International (DTI)
Market Price (8/17/2026): $2.56 | Market Cap: $90.3 MilSector: Energy | Industry: Oil & Gas Equipment & Services
Drilling Tools International (DTI)
Market Price (8/17/2026): $2.56Market Cap: $90.3 MilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40% Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies. | Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -117% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 85% Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 75x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%, Rev Chg QQuarterly Revenue Change % is -3.4% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.2% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.9% Key risksDTI key risks include [1] persistent pricing and margin pressure driving a forecast of declining profitability and cash flow, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies. |
| Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -117% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 85% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 75x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%, Rev Chg QQuarterly Revenue Change % is -3.4% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.2% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.9% |
| Key risksDTI key risks include [1] persistent pricing and margin pressure driving a forecast of declining profitability and cash flow, Show more. |
Qualitative Assessment
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Drilling Tools International (DTI) stock has lost about 25% since 4/30/2026 because of the following key factors:
1. Drilling Tools International reported consecutive earnings misses and net losses for its fiscal Q1 2026 and fiscal Q2 2026 periods.
For fiscal Q1 2026 (ended March 31, 2026), the company posted an adjusted loss of $0.03 per share, significantly missing analyst expectations by 48.5%. This was followed by a fiscal Q2 2026 (ended June 30, 2026) adjusted loss of $0.02 per share, which was worse than the consensus estimate for a $0.01 profit. The net loss attributable to stockholders for fiscal Q2 2026 was approximately $1.8 million, or $0.05 per share. Additionally, total consolidated revenue for fiscal Q2 2026 reached $38.1 million, falling short of analyst estimates of $38.72 million.
2. The company faced a challenging macroeconomic environment characterized by a decline in global drilling activity and pricing pressure.
The global rig count decreased by nearly 4% sequentially in fiscal Q2 2026 and remained down year-over-year, with a notable 7% drop in the Middle East. North American land activity was softer, and the U.S. land rig count averaged 541 rigs in fiscal Q2 2026, representing a 3% year-over-year decline. These conditions led to a year-over-year decrease in Drilling Tools International's tool rental revenue, further impacted by a lengthy spring breakup in Canada.
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Drilling Tools International (DTI) stock has lost about 25% since 4/30/2026 because of the following key factors:
1. Drilling Tools International reported consecutive earnings misses and net losses for its fiscal Q1 2026 and fiscal Q2 2026 periods.
For fiscal Q1 2026 (ended March 31, 2026), the company posted an adjusted loss of $0.03 per share, significantly missing analyst expectations by 48.5%. This was followed by a fiscal Q2 2026 (ended June 30, 2026) adjusted loss of $0.02 per share, which was worse than the consensus estimate for a $0.01 profit. The net loss attributable to stockholders for fiscal Q2 2026 was approximately $1.8 million, or $0.05 per share. Additionally, total consolidated revenue for fiscal Q2 2026 reached $38.1 million, falling short of analyst estimates of $38.72 million.
2. The company faced a challenging macroeconomic environment characterized by a decline in global drilling activity and pricing pressure.
The global rig count decreased by nearly 4% sequentially in fiscal Q2 2026 and remained down year-over-year, with a notable 7% drop in the Middle East. North American land activity was softer, and the U.S. land rig count averaged 541 rigs in fiscal Q2 2026, representing a 3% year-over-year decline. These conditions led to a year-over-year decrease in Drilling Tools International's tool rental revenue, further impacted by a lengthy spring breakup in Canada.
3. Drilling Tools International experienced weakening liquidity, negative operating cash flow, and an increase in net debt.
For the first half of fiscal 2026, DTI reported a negative operating cash flow of $5.5 million. The company's cash and cash equivalents declined to $2.5 million as of June 30, 2026, from $3.6 million at the end of fiscal year 2025. Concurrently, DTI's net debt increased to $51.7 million as of June 30, 2026, with its revolving credit balance rising to $39.3 million.
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Stock Movement Drivers
Fundamental Drivers
The -26.1% change in DTI stock from 4/30/2026 to 8/16/2026 was primarily driven by a -23.7% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.45 | 2.55 | -26.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 160 | 153 | -3.9% |
| P/S Multiple | 0.8 | 0.6 | -23.7% |
| Shares Outstanding (Mil) | 36 | 35 | 0.9% |
| Cumulative Contribution | -26.1% |
Market Drivers
4/30/2026 to 8/16/2026| Return | Correlation | |
|---|---|---|
| DTI | -26.1% | |
| Market (SPY) | 8.0% | -14.8% |
| Sector (XLE) | 3.8% | 29.8% |
Fundamental Drivers
The -32.9% change in DTI stock from 1/31/2026 to 8/16/2026 was primarily driven by a -29.8% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.80 | 2.55 | -32.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 161 | 153 | -4.7% |
| P/S Multiple | 0.8 | 0.6 | -29.8% |
| Shares Outstanding (Mil) | 35 | 35 | 0.3% |
| Cumulative Contribution | -32.9% |
Market Drivers
1/31/2026 to 8/16/2026| Return | Correlation | |
|---|---|---|
| DTI | -32.9% | |
| Market (SPY) | 12.5% | -3.6% |
| Sector (XLE) | 22.1% | 32.0% |
Fundamental Drivers
The 22.6% change in DTI stock from 7/31/2025 to 8/16/2026 was primarily driven by a 27.0% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.08 | 2.55 | 22.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 160 | 153 | -4.4% |
| P/S Multiple | 0.5 | 0.6 | 27.0% |
| Shares Outstanding (Mil) | 36 | 35 | 0.9% |
| Cumulative Contribution | 22.6% |
Market Drivers
7/31/2025 to 8/16/2026| Return | Correlation | |
|---|---|---|
| DTI | 22.6% | |
| Market (SPY) | 23.9% | 5.3% |
| Sector (XLE) | 45.4% | 24.4% |
Fundamental Drivers
The -41.4% change in DTI stock from 7/31/2023 to 8/16/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312023 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.35 | 2.55 | -41.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 153 | 0.0% |
| P/S Multiple | � | 0.6 | 0.0% |
| Shares Outstanding (Mil) | � | 35 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2023 to 8/16/2026| Return | Correlation | |
|---|---|---|
| DTI | -41.4% | |
| Market (SPY) | 75.6% | 24.0% |
| Sector (XLE) | 54.7% | 31.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DTI Return | 0% | 4% | -69% | 2% | -25% | 0% | -75% |
| Peers Return | -17% | 81% | 16% | 39% | 27% | 57% | 377% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| DTI Win Rate | 0% | 83% | 42% | 42% | 50% | 50% | |
| Peers Win Rate | 46% | 65% | 54% | 44% | 60% | 75% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DTI Max Drawdown | - | -1% | -71% | -51% | -56% | -57% | |
| Peers Max Drawdown | -54% | -44% | -35% | -28% | -34% | -20% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FTI, HLX, FTK, EROK, SLB.
[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 8/14/2026 (YTD)
How Low Can It Go
| Event | DTI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -49.7% | -18.8% |
| % Gain to Breakeven | 98.7% | 23.1% |
| Time to Breakeven | 64 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.3% | -9.5% |
| % Gain to Breakeven | 33.9% | 10.5% |
| Time to Breakeven | 113 days | 24 days |
In The Past
Drilling Tools International's stock fell -49.7% during the 2025 US Tariff Shock. Such a loss loss requires a 98.7% gain to breakeven.
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| Event | DTI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -49.7% | -18.8% |
| % Gain to Breakeven | 98.7% | 23.1% |
| Time to Breakeven | 64 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.3% | -9.5% |
| % Gain to Breakeven | 33.9% | 10.5% |
| Time to Breakeven | 113 days | 24 days |
In The Past
Drilling Tools International's stock fell -49.7% during the 2025 US Tariff Shock. Such a loss loss requires a 98.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Drilling Tools International (DTI)
Drilling Tools International (DTI) is an oilfield services company specializing in providing essential equipment for the energy sector. The company's core business revolves around manufacturing and renting specialized downhole drilling tools, which are critical components in the process of extracting oil and natural gas.
These tools are specifically designed for use in advanced drilling techniques, primarily horizontal and directional drilling. This allows for more efficient and precise extraction from subterranean reservoirs, supporting the production efforts of oil and natural gas wells. DTI's business model focuses on both producing and supplying these high-demand tools to operators.
DTI serves a global clientele within the oil and natural gas industry. Its operational footprint spans across key energy-producing regions, including North America, Europe, and the Middle East. This strategic presence allows DTI to cater to a broad base of customers involved in exploration and production activities in these significant markets.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Peer Outperformance in Oil & Gas Equipment & Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 11 | 118.2% | 125.8% | 347.9% | PBF 868% · MPC 594% · VLO 528% |
| Integrated Oil & Gas | 7 | 49.2% | 61.9% | 241.2% | IMO 484% · CVE 352% · SU 343% |
| Oil & Gas Storage & Transportation | 18 | 36.0% | 118.9% | 239.9% | INSW 861% · LPG 759% · TRGP 609% |
| Coal & Consumable Fuels | 14 | 30.9% | 71.3% | 196.3% | EU 1114% · LEU 748% · CCJ 516% |
| Oil & Gas Equipment & Services ← | 34 | 69.6% | 45.7% | 146.8% | FTI 1126% · SEI 939% · TDW 769% |
| Oil & Gas Exploration & Production | 51 | 24.1% | 3.3% | 119.8% | KGEI 9763% · OBE 6446% · EP 2683% |
| Oil & Gas Drilling | 7 | 89.4% | 0.4% | 108.9% | VAL 239% · PDS 178% · NE 140% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Drilling Tools International Earnings Notes | 12/16/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.42 |
| Mkt Cap | 1.4 |
| Rev LTM | 798 |
| Op Inc LTM | 69 |
| FCF LTM | 122 |
| FCF 3Y Avg | 168 |
| CFO LTM | 134 |
| CFO 3Y Avg | 188 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.2% |
| Rev Chg 3Y Avg | 6.2% |
| Rev Chg Q | 9.0% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 23.4% |
| Op Inc Chg 3Y Avg | 47.2% |
| Op Mgn LTM | 10.4% |
| Op Mgn 3Y Avg | 9.1% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 16.9% |
| CFO/Rev 3Y Avg | 14.4% |
| FCF/Rev LTM | 10.8% |
| FCF/Rev 3Y Avg | 12.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 160 | 154 | |||
| Providing oilfield equipment and services to operators in wellbore construction and casing installation | 152 | ||||
| Product sales | 31 | 18 | |||
| Tool Rental | 99 | 59 | |||
| Total | 160 | 154 | 152 | 130 | 77 |
| $ Mil | 2024 | 2023 |
|---|---|---|
| Providing oilfield equipment and services to operators in wellbore construction and casing installation | 3 | 15 |
| Total | 3 | 15 |
Price Behavior
| Market Price | $2.55 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 12/29/2021 | |
| Distance from 52W High | -43.2% | |
| 50 Days | 200 Days | |
| DMA Price | $2.31 | $2.95 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 10.3% | -13.5% |
| 3M | 1YR | |
| Volatility | 45.5% | 79.2% |
| Downside Capture | -67.14 | -29.00 |
| Upside Capture | -124.70 | 5.62 |
| Correlation (SPY) | -14.1% | 5.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.24 | -0.33 | -0.34 | -0.07 | 0.42 | 1.09 |
| Up Beta | 0.12 | -0.61 | -0.83 | -0.86 | 0.31 | 1.22 |
| Down Beta | 0.86 | 0.45 | 0.39 | 0.84 | 1.00 | 1.94 |
| Up Capture | 82% | -99% | -106% | -43% | 18% | 12% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 15 | 21 | 27 | 57 | 116 | 338 |
| Down Capture | -248% | -2% | 39% | 45% | 22% | 90% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 5 | 19 | 32 | 63 | 125 | 373 |
[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 | 33.0% | 79.5% | 0.70 | - |
| Sector ETF (XLE) | 48.3% | 21.6% | 1.73 | 24.9% |
| Equity (SPY) | 21.5% | 12.8% | 1.25 | 4.8% |
| Gold (GLD) | 30.0% | 28.5% | 0.91 | 8.0% |
| Commodities (DBC) | 38.1% | 20.1% | 1.49 | 15.7% |
| Real Estate (VNQ) | 14.4% | 13.9% | 0.73 | -0.9% |
| Bitcoin (BTCUSD) | -49.1% | 42.8% | -1.45 | 18.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DTI | |
|---|---|---|---|---|
| DTI | -15.4% | 61.4% | -0.09 | - |
| Sector ETF (XLE) | 24.4% | 25.8% | 0.83 | 22.8% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 17.3% |
| Gold (GLD) | 19.5% | 18.6% | 0.85 | 5.7% |
| Commodities (DBC) | 9.6% | 19.6% | 0.38 | 13.6% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 7.3% |
| Bitcoin (BTCUSD) | 8.0% | 52.8% | 0.34 | 11.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DTI | |
|---|---|---|---|---|
| DTI | -8.0% | 61.4% | -0.09 | - |
| Sector ETF (XLE) | 10.7% | 29.6% | 0.40 | 22.8% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 17.3% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 5.7% |
| Commodities (DBC) | 7.7% | 18.0% | 0.34 | 13.6% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 7.3% |
| Bitcoin (BTCUSD) | 59.9% | 66.1% | 1.00 | 11.3% |
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Earnings Returns History
Updated 8/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -3.0% | 4.7% | |
| 5/7/2026 | -10.2% | -7.2% | -19.8% |
| 3/5/2026 | 9.1% | 3.0% | 35.6% |
| 11/6/2025 | 0.0% | 24.3% | 52.0% |
| 8/13/2025 | 9.4% | -1.0% | 15.6% |
| 5/13/2025 | -9.1% | -11.3% | 13.5% |
| 3/13/2025 | -0.4% | 4.8% | -29.5% |
| 11/13/2024 | -0.3% | -2.6% | 0.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 6 | 7 |
| # Negative | 8 | 7 | 5 |
| Median Positive | 1.6% | 3.9% | 15.6% |
| Median Negative | -3.3% | -7.1% | -12.9% |
| Max Positive | 9.4% | 24.3% | 54.9% |
| Max Negative | -10.2% | -11.3% | -29.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -3.0% | 4.7% | |
| 5/7/2026 | -10.2% | -7.2% | -19.8% |
| 3/5/2026 | 9.1% | 3.0% | 35.6% |
| 11/6/2025 | 0.0% | 24.3% | 52.0% |
| 8/13/2025 | 9.4% | -1.0% | 15.6% |
| 5/13/2025 | -9.1% | -11.3% | 13.5% |
| 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% |
| 5/10/2024 | -3.2% | 1.9% | 6.2% |
| 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 | 6 | 7 |
| # Negative | 8 | 7 | 5 |
| Median Positive | 1.6% | 3.9% | 15.6% |
| Median Negative | -3.3% | -7.1% | -12.9% |
| Max Positive | 9.4% | 24.3% | 54.9% |
| Max Negative | -10.2% | -11.3% | -29.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 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 |
Recent Forward Guidance
Updated 8/7/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 155.00 Mil | 162.50 Mil | 170.00 Mil | 0 | Affirmed | Guidance: 162.50 Mil for 2026 | |
| 2026 Adjusted EBITDA | 35.00 Mil | 40.00 Mil | 45.00 Mil | 0 | Affirmed | Guidance: 40.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | 23.0% | 24.5% | 26.0% | 0 | Affirmed | Guidance: 24.5% for 2026 | |
| 2026 Adjusted Free Cash Flow | 17.00 Mil | 19.50 Mil | 22.00 Mil | 0 | Affirmed | Guidance: 19.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 155.00 Mil | 162.50 Mil | 170.00 Mil | 0 | Affirmed | Guidance: 162.50 Mil for 2026 | |
| 2026 Adjusted EBITDA | 35.00 Mil | 40.00 Mil | 45.00 Mil | 0 | Affirmed | Guidance: 40.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | 23.0% | 24.5% | 26.0% | 0 | Affirmed | Guidance: 24.5% for 2026 | |
| 2026 Adjusted Free Cash Flow | 17.00 Mil | 19.50 Mil | 22.00 Mil | 0 | Affirmed | Guidance: 19.50 Mil for 2026 | |
Q4 2025 Earnings Reported 3/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 155.00 Mil | 162.50 Mil | 170.00 Mil | 4.8% | Higher New | Guidance: 155.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | 35.00 Mil | 40.00 Mil | 45.00 Mil | 8.1% | Higher New | Guidance: 37.00 Mil for 2025 | |
| 2026 Adjusted EBITDA Margin | 23.0% | 24.5% | 26.0% | 1.0% | Higher New | Guidance: 23.5% for 2025 | |
| 2026 Adjusted Free Cash Flow | 17.00 Mil | 19.50 Mil | 22.00 Mil | 18.2% | Higher New | Guidance: 16.50 Mil for 2025 | |
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 145.00 Mil | 155.00 Mil | 165.00 Mil | 0 | Affirmed | Guidance: 155.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 32.00 Mil | 37.00 Mil | 42.00 Mil | 0 | Affirmed | Guidance: 37.00 Mil for 2025 | |
| 2025 Adjusted EBITDA Margin | 22.0% | 23.5% | 25.0% | 0 | Affirmed | Guidance: 23.5% for 2025 | |
| 2025 Adjusted Free Cash Flow | 14.00 Mil | 16.50 Mil | 19.00 Mil | 0 | Affirmed | Guidance: 16.50 Mil for 2025 | |
Insider Activity
Updated 8/3/2026| # | 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 | 6152026 | 2.56 | 2,083 | 5,332 | 3,685,335 | Form |
| 2 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 5152026 | 3.07 | 2,083 | 6,395 | 4,425,918 | Form |
| 3 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 4152026 | 2.89 | 2,083 | 6,020 | 4,172,438 | Form |
| 4 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 3302026 | 4.00 | 997 | 3,988 | 5,796,008 | Form |
| 5 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 3162026 | 3.58 | 2,083 | 7,457 | 5,190,996 | Form |
| # | 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 | 6152026 | 2.56 | 2,083 | 5,332 | 3,685,335 | Form |
| 2 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 5152026 | 3.07 | 2,083 | 6,395 | 4,425,918 | Form |
| 3 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 4152026 | 2.89 | 2,083 | 6,020 | 4,172,438 | Form |
| 4 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 3302026 | 4.00 | 997 | 3,988 | 5,796,008 | Form |
| 5 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 3162026 | 3.58 | 2,083 | 7,457 | 5,190,996 | Form |
| 6 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 2172026 | 3.96 | 6,249 | 24,746 | 5,650,148 | Form |
| 7 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 1212026 | 4.00 | 24,996 | 99,984 | 5,732,216 | Form |
| 8 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 1162026 | 3.36 | 2,083 | 6,999 | 4,899,048 | Form |
| 9 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 12152025 | 2.65 | 2,083 | 5,520 | 3,869,352 | Form |
| 10 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 11172025 | 2.51 | 2,083 | 5,238 | 3,676,742 | Form |
| 11 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 10242025 | 2.50 | 2,083 | 5,208 | 3,660,748 | Form |
| 12 | Domino, Michael Wayne JR | President, DTR Division | Direct | Sell | 9172025 | 2.50 | 4,166 | 10,415 | 3,665,955 | Form |
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