DTI · CIK 0001884516 · operating
Founded in 1984, Drilling Tools International Corporation operates in the oil and gas equipment and services sector, providing specialized downhole tools and rental equipment to support drilling and wellbore construction activities. The company serves customers in the drilling and upstream energy industries across North America, Europe, and the Middle East, offering both rental and non-rental service lines to meet operational requirements across diverse geographic markets.
The company's primary revenue streams include downhole tool rentals, equipment machining services, and inspection capabilities. Its rental fleet comprises drill pipe, drill collars, heavy-weight drill pipe, stabilizers, crossover subs, kellys, pup joints, work strings, blowout preventers, and production tubing. These assets are deployed to support directional drilling operations and wellbore construction projects where temporary equipment access is preferred to capital ownership.
Headquartered in Houston, Texas, the company operates with approximately 447 full-time employees and maintains a market capitalization of $0.1 billion. Its service model combines capital-intensive fleet operations with technical service delivery, positioning the business to serve both large and mid-sized drilling contractors and upstream producers requiring specialized equipment on a project basis.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $0.09 | $0.09 | -84.7% | |
| 2023 | $0.59 | $0.67 | +1375.0% | |
| 2022 | $0.04 | $0.04 | +233.3% | |
| 2021 | $-0.03 | $-0.03 | — |