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Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure that integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.2B | $1.4B | $287M | $-23M | 48.5% | 8.7% | -262.8% |
| 2024 | $2.9B | $813M | $-176M | $14M | -130.4% | -2.5% | 1394.3% |
| 2023 | $3.0B | $960M | $-12M | $97M | -3.6% | 13.3% | -96.6% |
| 2022 | $2.7B | $597M | $-350M | $128M | -94.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 3,184.69 |
| Operating Revenue | 3,184.69 |
| Cost Of Revenue | 2,563.61 |
| Gross Profit | 621.08 |
| Operating Expense | 357.65 |
| Research And Development | 53.06 |
| Selling General And Administration | 304.59 |
| Total Expenses | 2,921.26 |
| Operating Income | 263.43 |
| EBITDA | 1,402.13 |
| Normalized EBITDA | 891.90 |
| EBIT | 752.89 |
| Interest Income | 27.91 |
| Interest Expense | 215.37 |
| Net Interest Income | -187.45 |
| Other Non Operating Income Expenses | -48.68 |
| Other Income Expense | 461.55 |
| Interest Income Non Operating | 27.91 |
| Interest Expense Non Operating | 215.37 |
| Net Non Operating Interest Income Expense | -187.45 |
| Pretax Income | 537.53 |
| Tax Provision | 163.10 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 154.60 |
| Net Income Continuous Operations | 374.43 |
| Net Income From Continuing And Discontinued Operation | 286.62 |
| Net Income From Continuing Operation Net Minority Interest | 286.62 |
| Net Income | 286.62 |
| Net Income Common Stockholders | 247.34 |
| Net Income Including Noncontrolling Interests | 374.43 |
| Normalized Income | -69.01 |
| Diluted NI Availto Com Stockholders | 247.34 |
| Basic Average Shares | 13.19 |
| Diluted Average Shares | 14.42 |
| Reconciled Depreciation | 649.23 |
| Reconciled Cost Of Revenue | 2,563.61 |
| Total Unusual Items | 510.23 |
| Total Unusual Items Excluding Goodwill | 510.23 |
| Preferred Stock Dividends | - |
| Minority Interests | -87.81 |
| Net Income Discontinuous Operations | - |
| Special Income Charges | 507.81 |
| Other Special Charges | 0.48 |
| Write Off | 15.18 |
| Impairment Of Capital Assets | 26.46 |
| Restructuring And Mergern Acquisition | -89.10 |
| Gain On Sale Of Security | 2.42 |
| General And Administrative Expense | 304.59 |
| Other Gand A | 304.59 |
| Gain On Sale Of Ppe | 460.83 |
| Other Operating Expenses | - |
| Otherunder Preferred Stock Dividend | 39.28 |
| Earnings From Equity Interest | - |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Nabors Industries Ltd.this co. | NBR | $1.5B | 5.22↓ discount | 2.53 | 48.5% | 2.18 |
| Dorian LPG Ltd. | LPG | $1.7B | 8.95 | 1.52 | 17.0% | 7.24 |
| RPC, Inc. | RES | $1.6B | 50.16 | 1.46 | 2.9% | 6.69 |
| FLEX LNG Ltd. | FLNG | $1.6B | 21.41 | 2.23 | 10.4% | 12.30 |
| Borr Drilling Limited | BORR | $1.6B | 34.64 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.28 |
| 3.7% |
| 7.37 |
| World Kinect Corporation | WKC | $1.5B | -2.49 | 1.18 | -47.3% | -3.83 |
| ProFrac Holding Corp. | ACDC | $1.5B | -3.95 | 2.03 | -51.4% | 14.04 |
| Helix Energy Solutions Group, Inc. | HLX | $1.4B | 46.49 | 0.91 | 2.0% | 7.70 |
| Navigator Holdings Ltd. | NVGS | $1.3B | 13.40 | 1.09 | 8.2% | 6.95 |
| Peer Median | - | 17.41 | 1.37 | 3.3% | 7.31 | |