Dril-Quip

OverviewSuggest Edit

Dril-Quip is a manufacturer of precision-engineered offshore drilling and production equipment that is well suited for use in deepwater, harsh environments and severe service applications. The Company designs and manufactures subsea, surface and offshore rig equipment for use by oil and gas companies in offshore areas throughout the world. Dril-Quip also provides installation and reconditioning services, as well as rental running tools for use with its products.

TypePublic
Founded1981
HQHouston, TX, USMap
Websitedril-quip.com
Employee Ratings3.4More
Overall CultureDMore
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Employees (est.) (Dec 2019)1,814(+5%)
Revenue (FY, 2020)$365 M(-12%)
Share Price (Mar 2021)$38.9 (+6%)
Cybersecurity ratingAMore

Dril-Quip Office Locations

Dril-Quip has offices in Houston, Perth, Welshpool, Shenzhen Shi and in 10 other locations
Houston, TX, US (HQ)
6401 N Eldridge Pkwy
Houston, TX, US
13550 Hempstead Rd
Perth, AU
221 St Georges Terrace
Welshpool, AU
Building E/283 Treasure Rd N
Shenzhen Shi, CN
Chi Wan Lu, Nanshan Qu
Esbjerg, DK
Limfjordsvej 8
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Dril-Quip Financials and Metrics

Dril-Quip Revenue

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Dril-Quip's revenue was reported to be $364.97 m in FY, 2020
USD

Revenue (FY, 2020)

365.0m

Gross profit (FY, 2020)

95.3m

Gross profit margin (FY, 2020), %

26.1%

Net income (FY, 2020)

(30.8m)

EBIT (FY, 2020)

(63.6m)

Market capitalization (5-Mar-2021)

1.4b

Closing stock price (5-Mar-2021)

38.9

Cash (31-Dec-2020)

346.0m

EV

1.0b
Dril-Quip's current market capitalization is $1.4 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

566.3m601.3m733.0m872.4m931.0m844.3m538.7m455.5m384.6m414.8m365.0m

Revenue growth, %

7%(9%)(36%)

Cost of goods sold

322.6m361.8m451.7m513.9m513.5m459.3m328.4m305.4m271.5m295.0m269.7m

Gross profit

243.6m239.5m281.4m358.5m417.4m385.0m210.3m150.1m113.1m119.8m95.3m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

142.0m140.1m137.7m137.0m155.0m177.1m176.6m190.9m193.2m222.0m224.7m204.1m230.3m241.8m226.0m215.3m201.4m166.6m142.4m123.6m119.2m127.9m100.3m99.2m94.9m93.3m94.3m103.8m108.2m96.0m90.4m91.3m

Cost of goods sold

79.5m79.4m80.1m82.0m96.5m107.1m108.3m121.8m116.3m133.2m132.1m110.8m125.0m135.3m125.1m117.7m108.1m93.1m79.9m77.6m82.4m87.5m63.1m67.8m69.4m65.6m69.4m73.9m76.0m71.4m66.9m67.2m

Gross profit

62.5m60.7m57.6m55.0m58.5m70.1m68.2m69.0m76.8m88.8m92.6m93.3m105.3m106.5m100.9m97.6m93.3m73.5m62.6m46.0m36.8m40.4m37.3m31.4m25.4m27.6m24.9m29.9m32.2m24.6m23.5m24.1m

Gross profit Margin, %

44%43%42%40%38%40%39%36%40%40%41%46%46%44%45%45%46%44%44%37%31%32%37%32%27%30%26%29%30%26%26%26%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

245.9m298.6m257.2m384.4m298.7m381.3m423.5m493.2m418.1m398.9m346.0m

Accounts Receivable

158.9m180.1m263.2m279.3m374.0m319.8m213.5m191.6m202.2m107.6m116.2m

Prepaid Expenses

18.1m19.0m18.0m21.9m38.3m54.1m32.7m41.5m28.3m

Inventories

243.4m277.8m362.2m368.4m392.6m344.5m355.4m291.1m191.2m205.1m212.5m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

225.9m258.0m268.3m250.1m255.6m285.5m248.1m263.4m319.0m325.5m380.9m420.9m342.6m315.0m374.1m382.7m397.0m423.4m491.7m542.6m414.2m437.0m473.0m495.6m493.4m424.1m414.8m423.1m413.1m343.5m345.8m359.2m

Accounts Receivable

137.5m131.1m157.2m193.2m185.5m190.8m220.1m240.8m212.1m241.0m243.3m266.1m316.9m331.6m299.3m299.4m298.4m328.1m251.1m221.6m208.5m221.6m197.1m193.9m184.5m190.4m208.2m218.5m235.6m118.6m101.0m93.5m

Prepaid Expenses

8.7m10.6m17.4m18.0m16.3m21.9m19.7m13.4m18.0m18.7m14.2m28.3m26.6m26.9m38.4m38.1m43.3m45.2m31.3m17.0m37.8m35.8m25.1m36.6m34.4m40.8m25.8m32.0m28.3m

Inventories

240.0m250.3m253.8m265.5m269.7m306.8m340.0m350.1m368.3m376.6m369.7m397.4m408.1m407.9m386.6m383.8m365.7m343.1m339.9m351.1m346.7m330.5m297.2m276.0m264.1m242.1m194.5m194.5m201.7m197.0m212.4m219.0m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

102.2m95.3m119.2m169.8m208.7m192.0m93.2m(100.6m)(95.7m)1.7m(30.8m)

Depreciation and Amortization

20.9m23.0m26.2m29.3m31.2m30.5m31.9m41.0m35.3m34.0m32.4m

Inventories

7.3m(37.5m)(81.9m)(10.6m)(36.8m)28.5m7.9m37.6m49.9m(14.1m)(28.3m)

Accounts Payable

10.0m41.9m4.1m(8.6m)54.2m(89.4m)(11.4m)1.8m(18.8m)15.3m(20.4m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

53.7m81.4m21.7m43.9m67.1m28.8m58.6m88.3m39.8m82.8m122.8m42.6m93.9m149.6m53.7m92.9m143.7m36.8m72.9m91.9m94.0k110.0k(29.1m)(7.4m)(10.4m)(20.8m)(6.1m)(4.4m)(5.7m)(19.7m)(33.8m)(19.5m)

Depreciation and Amortization

10.1m15.3m5.8m10.6m17.0m6.1m12.4m19.4m7.0m14.4m21.7m7.7m15.1m22.8m7.5m15.1m22.8m7.8m15.5m23.1m9.8m22.7m32.2m8.2m17.2m26.0m8.4m16.9m25.2m8.9m16.8m24.7m

Inventories

(4.3m)(1.0m)(7.2m)(17.2m)(29.5m)(25.3m)(63.1m)(70.2m)(11.7m)(24.7m)(12.1m)(26.3m)(32.7m)(44.0m)(7.0m)3.3m9.0m1.9m763.0k(12.5m)11.6m29.2m32.6m17.2m22.7m32.6m(2.7m)(1.0m)(15.6m)(15.5m)(33.9m)(38.5m)

Accounts Payable

(15.5m)3.4m14.6m26.6m21.6m(1.3m)221.0k4.2m(7.1m)(1.3m)(12.9m)13.1m24.3m28.8m(29.1m)(67.5m)(70.7m)4.8m(13.5m)(13.3m)(22.2m)(18.2m)(39.4m)(7.4m)(13.4m)(41.0k)(14.5m)2.7m13.7m(7.2m)11.2m(1.2m)
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USDQ2, 2010

Financial Leverage

1.1 x
Show all financial metrics

Dril-Quip Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

Learn more about our premium products
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Dril-Quip Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Dril-Quip Online and Social Media Presence

Dril-Quip's Trends

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Dril-Quip Company Culture

  • Overall Culture

    D

    59/100

  • CEO Rating

    F

    30/100

  • Compensation

    F

    15/100

Learn more on Comparably

Dril-Quip News and Updates

March 04, 2021

Dril-Quip, Inc. Collaborates with ASME Foundation to support K-12 STEM Education

NEW YORK and HOUSTON, March 04, 2021 (GLOBE NEWSWIRE) -- On this World Engineering Day, the ASME Foundation, fundraising arm of the American Society of Mechanical Engineers, welcomes Dril-Quip, Inc. (NYSE: DRQ) to its growing family of supporters. 
February 22, 2021

Dril-Quip, Inc. Announces Timing of Year-End 2020 Earnings Release and Conference Call

HOUSTON, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its fourth quarter and full year 2020 results on Thursday, February 25, 2021 after the close of trading on the New York Stock Exchange. The Company has also s…
September 04, 2020

Dril-Quip, Inc. to Participate in Upcoming Investor Conference

HOUSTON, Sept. 04, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced its participation in an upcoming investor conference. Blake T. DeBerry, Chief Executive Officer, and Raj Kumar, Vice President and Chief Financial Officer, will participate in a fireside chat at the 2020 Barcla…
July 30, 2020

Dril-Quip, Inc. Announces Second Quarter 2020 Results

HOUSTON, July 30, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the second quarter of 2020.  
March 31, 2020

Dril-Quip, Inc. Announces Fireside Chat Call

HOUSTON, March 31, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) said today that it will be hosting a fireside chat call with J. David Anderson of Barclays on Thursday, April 2, 2020 at 2:00 pm EST (1:00 p.m. CST). Blake DeBerry, Dril-Quip’s President and Chi…
February 19, 2020

Dril-Quip Announces Timing of Year-End 2019 Earnings Release and Conference Call

HOUSTON, Feb. 19, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) announced today that it will release its fourth quarter and full year 2019 results on Thursday, February 27, 2020 after the close of trading on the NYSE. The Company has also scheduled a conference call to discuss its 2019 resu…
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 Dril-Quip Frequently Asked Questions

  • When was Dril-Quip founded?

    Dril-Quip was founded in 1981.

  • How many employees does Dril-Quip have?

    Dril-Quip has 1,814 employees.

  • What is Dril-Quip revenue?

    Latest Dril-Quip annual revenue is $365 m.

  • What is Dril-Quip revenue per employee?

    Latest Dril-Quip revenue per employee is $201.2 k.

  • Who are Dril-Quip competitors?

    Competitors of Dril-Quip include Baker Hughes, GEFCO and Newpark Resources.

  • Where is Dril-Quip headquarters?

    Dril-Quip headquarters is located at 6401 N Eldridge Pkwy, Houston.

  • Where are Dril-Quip offices?

    Dril-Quip has offices in Houston, Perth, Welshpool, Shenzhen Shi and in 10 other locations.

  • How many offices does Dril-Quip have?

    Dril-Quip has 23 offices.