PTEN vs. FSLR
PTEN (Patterson-UTI Energy, Inc.) and FSLR (First Solar, Inc.) are both stocks. PTEN operates in Oil & Gas Drilling (Energy), while FSLR operates in Solar (Technology). Over the past 10 years, PTEN returned -4.42%/yr vs 18.10%/yr for FSLR. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
PTEN vs. FSLR - Performance Comparison
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Returns By Period
In the year-to-date period, PTEN achieves a 71.61% return, which is significantly higher than FSLR's -10.91% return. Over the past 10 years, PTEN has underperformed FSLR with an annualized return of -4.42%, while FSLR has yielded a comparatively higher 18.10% annualized return.
PTEN
- 1D
- -2.00%
- 1M
- 18.59%
- 6M
- 38.15%
- YTD
- 71.61%
- 1Y
- 94.59%
- 3Y*
- -8.89%
- 5Y*
- 10.39%
- 10Y*
- -4.42%
- ALL TIME*
- 8.90%
FSLR
- 1D
- 10.28%
- 1M
- 3.63%
- 6M
- 0.95%
- YTD
- -10.91%
- 1Y
- 26.50%
- 3Y*
- 6.19%
- 5Y*
- 20.34%
- 10Y*
- 18.10%
- ALL TIME*
- 12.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $483.07M | $434.76M | $599.20M | |
| $107.02M | $92.07M | $96.39M |
PTEN vs. FSLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTEN Patterson-UTI Energy, Inc. | 71.61% | -22.08% | -20.99% | -34.18% | 101.74% | 62.31% | -48.80% | 3.07% | -54.64% | -14.20% |
FSLR First Solar, Inc. | -10.91% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | 31.81% | -37.12% | 110.41% |
Correlation
The correlation between PTEN and FSLR is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006 | 0.31 |
The correlation between PTEN and FSLR shifts across timeframes, from -0.04 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PTEN:
$3.90B
FSLR:
$25.01B
PTEN:
-$0.24
FSLR:
$16.22
PTEN:
0.84
FSLR:
4.66
PTEN:
1.26
FSLR:
2.43
PTEN:
$4.67B
FSLR:
$5.38B
PTEN:
$114.50M
FSLR:
$2.37B
PTEN:
$765.51M
FSLR:
$2.28B
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Return for Risk
PTEN vs. FSLR — Risk / Return Rank
PTEN
FSLR
PTEN vs. FSLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Patterson-UTI Energy, Inc. (PTEN) and First Solar, Inc. (FSLR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PTEN | FSLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.13 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 0.71 | +2.19 |
| Martin ratioReturn relative to average drawdown | 8.81 | 1.36 | +7.45 |
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Drawdowns
PTEN vs. FSLR - Drawdown Comparison
The maximum PTEN drawdown since its inception was -95.13%, roughly equal to the maximum FSLR drawdown of -96.22%. Use the drawdown chart below to compare losses from any high point for PTEN and FSLR.
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Drawdown Indicators
| PTEN | FSLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.13% | -96.22% | +1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -32.79% | -37.40% | +4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -64.60% | -59.97% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -70.93% | -59.97% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -94.02% | -61.26% | -32.76% |
Current DrawdownCurrent decline from peak | -65.22% | -26.87% | -38.35% |
Average DrawdownAverage peak-to-trough decline | -42.37% | -62.96% | +20.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.77% | 19.48% | -8.71% |
Volatility
PTEN vs. FSLR - Volatility Comparison
Patterson-UTI Energy, Inc. (PTEN) has a higher volatility of 17.46% compared to First Solar, Inc. (FSLR) at 14.57%. This indicates that PTEN's price experiences larger fluctuations and is considered to be riskier than FSLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTEN | FSLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.46% | 14.57% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 38.64% | 39.62% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.46% | 54.69% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.11% | 54.29% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.37% | 50.82% | +11.55% |
Dividends
PTEN vs. FSLR - Dividend Comparison
PTEN's dividend yield for the trailing twelve months is around 3.51%, while FSLR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTEN Patterson-UTI Energy, Inc. | 3.51% | 5.24% | 3.87% | 2.96% | 1.19% | 0.95% | 1.90% | 1.52% | 1.35% | 0.35% | 0.59% | 2.65% |
Financials
PTEN vs. FSLR - Financials Comparison
This section allows you to compare key financial metrics between Patterson-UTI Energy, Inc. and First Solar, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PTEN vs. FSLR - Profitability Comparison
PTEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Patterson-UTI Energy, Inc. reported a gross profit of -268.18M and revenue of 1.23B. Therefore, the gross margin over that period was -21.8%.
FSLR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported a gross profit of 605.00M and revenue of 1.06B. Therefore, the gross margin over that period was 57.3%.
PTEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Patterson-UTI Energy, Inc. reported an operating income of -6.96M and revenue of 1.23B, resulting in an operating margin of -0.6%.
FSLR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported an operating income of 450.39M and revenue of 1.06B, resulting in an operating margin of 42.6%.
PTEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Patterson-UTI Energy, Inc. reported a net income of -19.60M and revenue of 1.23B, resulting in a net margin of -1.6%.
FSLR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported a net income of 422.57M and revenue of 1.06B, resulting in a net margin of 40.0%.
Frequently Asked Questions
PTEN and FSLR have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTEN has higher volatility (17.46%) compared to FSLR (14.57%). In terms of maximum drawdown, PTEN dropped -95.13% vs FSLR's -96.22%.
PTEN currently has the higher Sharpe Ratio (1.89 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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