OverviewSuggest Edit

Dril-Quip is a manufacturer of offshore drilling and production equipment. It designs subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves. The company also provides technical advisory assistance, rework and reconditioning services, as well as rental running tools.
TypePublic
Founded1981
HQHouston, TX, US
Websitedril-quip.com
Employee Ratings3.8
Overall CultureD

Latest Updates

Employees (est.) (Jun 2021)1,357(-3%)
Job Openings8
Revenue (FY, 2020)$365 M(-12%)
Share Price (Nov 2021)$21.1
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Dril-Quip

Blake T. DeBerry

Blake T. DeBerry

Chief Executive Officer
Jeffrey J. Bird

Jeffrey J. Bird

President and Chief Operating Officer
Raj Kumar

Raj Kumar

Vice President and Chief Financial Officer
James C. Webster

James C. Webster

Vice President, General Counsel and Secretary
Show more

Dril-Quip Office Locations

Dril-Quip has offices in Houston, Perth, Welshpool, Macaé and in 14 other locations
Houston, TX, US (HQ)
6401 N Eldridge Pkwy
Perth, AU
221 St Georges Terrace
Welshpool, AU
Building E/283 Treasure Rd N
Macaé, BR
Estrada Melquiades Ribeiro de Almeida 853 - Imboassica
Beijing, CN
50 Liangmaqiao Rd, Chaoyang Qu
Shenzhen, CN
3 Chiwan Road Shekou , Nanshan District
Show all (20)

Dril-Quip Financials and Metrics

Dril-Quip Revenue

Embed Graph
View revenue for all periods
Dril-Quip's revenue was reported to be $364.97 m in FY, 2020 which is a 12% decrease from the previous period.
USD

Revenue (Q2, 2021)

80.8m

Gross profit (Q2, 2021)

19.3m

Gross profit margin (Q2, 2021), %

23.8%

Net income (Q2, 2021)

(19.1m)

EBIT (Q2, 2021)

(14.7m)

Market capitalization (12-Nov-2021)

753.7m

Closing stock price (12-Nov-2021)

21.2

Cash (30-Jun-2021)

370.5m

EV

388.8m
Dril-Quip's current market capitalization is $753.7 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

384.6m414.8m365.0m

Revenue growth, %

8%(12%)

Cost of goods sold

271.5m295.0m269.7m

Gross profit

113.1m119.8m95.3m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

94.3m103.8m108.2m96.0m90.4m91.3m81.2m80.8m

Cost of goods sold

69.4m73.9m76.0m71.4m66.9m67.2m56.8m61.5m

Gross profit

24.9m29.9m32.2m24.6m23.5m24.1m24.5m19.3m

Gross profit Margin, %

26%29%30%26%26%26%30%24%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

418.1m398.9m346.0m

Accounts Receivable

202.2m107.6m116.2m

Inventories

191.2m205.1m212.5m

Current Assets

853.0m880.5m863.2m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(95.7m)1.7m(30.8m)

Depreciation and Amortization

35.3m34.0m32.4m

Inventories

49.9m(14.1m)(28.3m)

Accounts Payable

(18.8m)15.3m(20.4m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(6.1m)(4.4m)(5.7m)(19.7m)(33.8m)(19.5m)(34.4m)(53.4m)

Depreciation and Amortization

8.4m16.9m25.2m8.9m16.8m24.7m7.4m14.8m

Inventories

(2.7m)(1.0m)(15.6m)(15.5m)(33.9m)(38.5m)(5.8m)(12.7m)

Accounts Payable

(14.5m)2.7m13.7m(7.2m)11.2m(1.2m)5.2m15.1m
USDFY, 2018

Revenue/Employee

209.7k

Financial Leverage

1.1 x

P/E Ratio

(11.6)
Show all financial metrics

Dril-Quip Operating Metrics

Dril-Quip's Backlog was reported to be $191.2k in Q2, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021

Average Selling Price per Barrel

$71.34$67.93$69.04$61.95$64.28$50.27$41.64$42.91$41.96$61.04$68.98

Backlog

$269.97 k$303.7 k$322.2 k$250.67 k$272.54 k$261.13 k$237.87 k$221.57 k$195.65 k$196.66 k$191.19 k

Floating Rig Count

146153159158156152138132126126125

Jack-up Rig Count

341351367380384384359347335349354
Show all operating metrics

Dril-Quip Acquisitions / Subsidiaries

Company NameDateDeal Size
OilPatch TechnologiesJune 06, 2017$20 m
TIW CorporationOctober 17, 2016$143 m
Dril-Quip AP Holdings LLC
Dril-Quip Asia Pacific Pte Ltd
Dril-Quip Asia Pac LP
Dril-Quip B.V.
Dril-Quip Cross Ghana Limited
Dril-Quip do Brasil Ltda.
Dril-Quip Dutch Holdings LLC
Dril-Quip Egypt for Petroleum Services S.A.E.
Show more

Dril-Quip Revenue Breakdown

Embed Graph

Dril-Quip revenue breakdown by business segment: 70.9% from Products, 20.7% from Services and 8.4% from Leasing

Dril-Quip revenue breakdown by geographic segment: 59.0% from Western Hemisphere, 21.4% from Eastern Hemisphere and 19.6% from Asia Pacific Hemisphere

Dril-Quip Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Dril-Quip Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Dril-Quip Online and Social Media Presence

Embed Graph

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

Dril-Quip, Inc. Announces Departure of Chief Financial Officer

HOUSTON, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) announced today that Raj Kumar, Vice President and Chief Financial Officer, has resigned his position with Dril-Quip effective November 1, 2021 to take another opportunity and will assist in a smo…

Dril-Quip, Inc. Announces Leadership Transition

HOUSTON, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) announced today that its Board of Directors has appointed Jeffrey J. Bird as its President and Chief Executive Officer, and elected him to the Board, both effective as of January 1, 2022 to repla…

Dril-Quip, Inc. Wins OTC Spotlight on New Technology Award for BADGeR™ Specialty Connector

HOUSTON, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the 'Company’ or ‘Dril-Quip’) announced that it was presented with a Spotlight on New Technology Award by the 2021 Offshore Technology Conference (OTC) today for its BADGeR™ Specialty Casing Connector. The BADGeR™ is a high-pe…

Dril-Quip, Inc. Announces Second Quarter 2021 Results

HOUSTON, July 29, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the second quarter of 2021.

Dril-Quip, Inc. Schedules Second Quarter 2021 Earnings Release and Upcoming Webcast

HOUSTON, July 21, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its second quarter 2021 earnings press release following the market close on Thursday, July 29, 2021. The Company will also participate in a fireside chat web…

Dril-Quip, Inc. Announces Addition to its Board of Directors

HOUSTON, June 22, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the 'Company’ or ‘Dril-Quip’) announced today that Darryl K. Willis has been appointed to its Board of Directors upon the recommendation of its Nominating and Governance Committee.
Show more

Dril-Quip Frequently Asked Questions

  • When was Dril-Quip founded?

    Dril-Quip was founded in 1981.

  • Who are Dril-Quip key executives?

    Dril-Quip's key executives are Blake T. DeBerry, Jeffrey J. Bird and Raj Kumar.

  • How many employees does Dril-Quip have?

    Dril-Quip has 1,357 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 $269 k.

  • Who are Dril-Quip competitors?

    Competitors of Dril-Quip include Schlumberger, TechnipFMC and Aker Solutions.

  • 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, Macaé and in 14 other locations.

  • How many offices does Dril-Quip have?

    Dril-Quip has 20 offices.