Drilling Tools International Corp (NASDAQ: DTI) is an oilfield services company that rents downhole drilling tools to oil and gas operators and drilling contractors. Revenue comes primarily from daily, hourly, or footage-based tool rental fees, supplemented by product sales when tools are lost, damaged beyond normal wear, or replaced by customers. DTI describes itself as the market leader in North American land drilling by share of active projects, with tool rentals active on more than 50% of working locations as of the 10-K filed 2026-03-06. The company operates 15 service and support centers across North America and 11 international centers across Europe, the Middle East, and Asia-Pacific. DTI is organized into two segments: Western Hemisphere, covering North America and Latin America, and Eastern Hemisphere, covering Europe, the Middle East, and Asia-Pacific. DTI does not pay a cash dividend and lists its common stock on Nasdaq under the symbol DTI.

Revenue model

Tool rental fees charged on a daily, hourly, footage, weekly, or monthly basis, with additional repair and replacement charges billed when tools are damaged beyond normal wear. Product sales generate secondary revenue from lost-in-hole recoveries and customer replacement of aging or consumable tools.

Products and services

Downhole drilling tool rentals including directional drilling tools, stabilizers, drill collars (steel and non-magnetic), hole openers, roller reamers, sub-assemblies, bottom hole assembly components, drill string tools, and pressure control devices. Engineering support and inspection services are also offered.

Customers and end markets

Oil and gas operators and drilling contractors conducting onshore and offshore wellbore construction. Demand is driven by active rig counts, number of wells drilled, well depth and working pressure, well completion and remediation activity, and oil and gas company capital spending. Baker Hughes weekly average Western Hemisphere rig count declined 8% in FY2025 vs. FY2024; Eastern Hemisphere rig count declined 7% over the same period.

Value-chain role

Rental tool company sitting between drilling contractors and oil and gas operators. Supplies temporary downhole tool assets that drilling contractors do not own, allowing operators to avoid holding capital equipment after well completion.

Geographic exposure

North America (primary, with 15 service and support centers across major U.S. and Canadian oil and gas basins and offshore Gulf of Mexico), Latin America, Europe, Middle East, and Asia-Pacific (11 international service and support centers as of the 10-K filed 2026-03-06).

Source: SEC 10-K, filed 2026-03-06

Industry: Oil & Gas Field Machinery & Equipment Peers: CSI Compressco LP PROFIRE ENERGY INC Forum Energy Technologies Inc Geospace Technologies Corp KLX Energy Services Holdings Inc Natural Gas Services Group Inc Nine Energy Service Inc SLB NV Smart Sand Inc