Nabors Industries (NBR) Financials

$30.89 +2.12 (+7.36%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$30.88 -0.01 (-0.03%)

As of 04/17/2025 06:17 PM Eastern

Annual Income Statements for Nabors Industries

This table shows Nabors Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-350	-12	-176
Consolidated Net Income / (Loss)	-307	50	-88
Net Income / (Loss) Continuing Operations	-307	50	-88
Total Pre-Tax Income	-246	129	-31
Total Operating Income	-246	129	-31
Total Gross Profit	2,669	3,050	2,969
Total Revenue	2,669	3,050	2,969
Operating Revenue	2,669	3,050	2,969
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	2,914	2,921	3,000
Selling, General & Admin Expense	228	244	249
Research & Development Expense	50	56	57
Depreciation Expense	665	645	633
Other Operating Expenses / (Income)	1,971	1,975	2,060
Total Other Income / (Expense), net	0.00	0.00	0.00
Income Tax Expense	62	79	57
Net Income / (Loss) Attributable to Noncontrolling Interest	43	62	88
Basic Earnings per Share	($40.52)	($5.49)	($22.37)
Weighted Average Basic Shares Outstanding	8.90M	9.16M	9.20M
Diluted Earnings per Share	($40.52)	($5.49)	($22.37)
Weighted Average Diluted Shares Outstanding	8.90M	9.16M	9.20M
Weighted Average Basic & Diluted Shares Outstanding	9.46M	10.63M	10.76M

This table shows Nabors Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-14	-69	49	4.61	-49	-17	-34	-32	-56	-54
Consolidated Net Income / (Loss)	-4.46	-58	61	16	-31	3.86	-9.00	-13	-33	-33
Net Income / (Loss) Continuing Operations	-4.46	-58	61	16	-31	3.86	-9.00	-13	-33	-33
Total Pre-Tax Income	7.89	-32	84	43	-21	23	7.04	2.53	-23	-18
Total Operating Income	52	-166	129	43	-21	-22	57	2.53	-23	-68
Total Gross Profit	267	1,978	327	323	296	2,103	307	303	312	2,048
Total Revenue	699	769	789	779	744	738	744	743	743	739
Operating Revenue	699	769	789	779	744	738	744	743	743	739
Total Cost of Revenue	432	-1,209	462	456	448	-1,366	437	440	432	-1,309
Total Operating Expenses	215	2,144	197	281	317	2,125	249	300	335	2,116
Selling, General & Admin Expense	58	59	62	63	62	57	62	62	64	61
Research & Development Expense	13	14	15	13	14	14	14	14	14	14
Depreciation Expense	170	169	163	160	161	161	158	160	159	156
Other Operating Expenses / (Income)	-26	1,902	-42	44	80	1,893	16	64	97	1,883
Total Other Income / (Expense), net	-44	134	-45	0.00	0.00	45	-50	0.00	0.00	50
Income Tax Expense	12	26	23	26	11	19	16	16	10	15
Net Income / (Loss) Attributable to Noncontrolling Interest	9.32	11	12	12	18	21	25	19	23	21
Basic Earnings per Share	($1.80)	($6.80)	$4.39	($0.31)	($6.26)	($3.31)	($4.54)	($4.29)	($6.86)	($6.68)
Weighted Average Basic Shares Outstanding	9.10M	8.90M	9.16M	9.20M	9.15M	9.16M	9.18M	9.21M	9.21M	9.20M
Diluted Earnings per Share	($1.80)	($6.80)	$4.11	($0.31)	($6.26)	($3.03)	($4.54)	($4.29)	($6.86)	($6.68)
Weighted Average Diluted Shares Outstanding	9.10M	8.90M	9.87M	9.20M	9.15M	9.16M	9.18M	9.21M	9.21M	9.20M
Weighted Average Basic & Diluted Shares Outstanding	9.42M	9.46M	9.54M	9.54M	9.47M	10.63M	10.70M	10.71M	10.71M	10.76M

This table details how cash moves in and out of Nabors Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-536	637	-651
Net Cash From Operating Activities	501	638	581
Net Cash From Continuing Operating Activities	501	638	581
Net Income / (Loss) Continuing Operations	-307	50	-88
Consolidated Net Income / (Loss)	-307	50	-88
Depreciation Expense	665	645	633
Amortization Expense	8.14	8.74	8.81
Non-Cash Adjustments To Reconcile Net Income	123	-9.34	107
Changes in Operating Assets and Liabilities, net	13	-57	-80
Net Cash From Investing Activities	-369	-570	-555
Net Cash From Continuing Investing Activities	-369	-570	-555
Purchase of Property, Plant & Equipment	-373	-541	-568
Purchase of Investments	-21	-38	-7.72
Sale of Property, Plant & Equipment	27	14	15
Other Investing Activities, net	-0.86	-5.42	4.68
Net Cash From Financing Activities	-662	593	-662
Net Cash From Continuing Financing Activities	-662	593	-662
Repayment of Debt	-648	-324	-1,211
Repurchase of Common Equity	-10	0.00	0.00
Payment of Dividends	-3.55	-2.46	-1.04
Issuance of Debt	0.00	900	550
Other Financing Activities, net	0.00	19	0.00
Effect of Exchange Rate Changes	-7.22	-23	-15

This table details how cash moves in and out of Nabors Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	8.92	33	24	-241	287	567	-640	57	-9.44	-58
Net Cash From Operating Activities	139	200	154	168	133	182	107	182	144	149
Net Cash From Continuing Operating Activities	139	200	154	168	133	182	107	182	144	149
Net Income / (Loss) Continuing Operations	-4.46	-58	61	16	-31	3.86	-9.00	-13	-33	-33
Consolidated Net Income / (Loss)	-4.46	-58	61	16	-31	3.86	-9.00	-13	-33	-33
Depreciation Expense	170	169	163	160	161	161	158	160	159	156
Amortization Expense	1.98	0.13	2.02	2.22	2.15	2.34	2.27	2.26	2.23	2.05
Non-Cash Adjustments To Reconcile Net Income	-37	87	-44	-3.41	24	13	18	15	41	33
Changes in Operating Assets and Liabilities, net	8.35	2.25	-28	-6.27	-23	1.07	-61	17	-25	-9.95
Net Cash From Investing Activities	-104	-102	-128	-155	-146	-141	-107	-120	-126	-202
Net Cash From Continuing Investing Activities	-104	-102	-128	-155	-146	-141	-107	-120	-126	-202
Purchase of Property, Plant & Equipment	-111	-101	-119	-145	-143	-134	-105	-127	-128	-208
Purchase of Investments	-0.26	-2.12	-11	-13	-3.53	-10	-7.54	-0.08	-0.06	-0.04
Sale of Property, Plant & Equipment	7.60	2.68	1.98	3.07	4.63	4.46	5.50	2.36	1.81	5.83
Other Investing Activities, net	0.01	-0.91	0.01	0.01	-3.89	-1.55	0.04	4.62	0.01	0.01
Net Cash From Financing Activities	-24	-59	2.32	-250	302	538	-635	-1.23	-26	-0.03
Net Cash From Continuing Financing Activities	-24	-59	2.32	-250	302	538	-635	-1.23	-26	-0.03
Repayment of Debt	-144	201	-325	-100	-98	201	-707	-55	-671	222
Issuance of Debt	120	-250	335	40	95	430	75	55	645	-225
Other Financing Activities, net	-	4.52	-7.07	-187	305	-92	-2.63	-	-	2.63
Effect of Exchange Rate Changes	-2.29	-6.36	-3.85	-	-	-	-	-	-1.25	-4.70

This table presents Nabors Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	4,730	5,278	4,504
Total Current Assets	1,001	1,646	1,000
Cash & Equivalents	451	1,057	390
Short-Term Investments	1.29	13	7.65
Accounts Receivable	327	348	388
Inventories, net	128	148	130
Other Current Assets	93	80	84
Plant, Property, & Equipment, net	3,026	2,899	2,831
Total Noncurrent Assets	703	734	674
Noncurrent Deferred & Refundable Income Taxes	257	239	216
Other Noncurrent Operating Assets	446	495	458
Total Liabilities & Shareholders' Equity	4,730	5,278	4,504
Total Liabilities	3,514	3,997	3,298
Total Current Liabilities	596	1,214	572
Short-Term Debt	0.00	630	0.00
Accounts Payable	314	294	321
Accrued Expenses	248	230	224
Current Deferred & Payable Income Tax Liabilities	28	54	20
Other Current Liabilities	6.78	5.42	6.77
Total Noncurrent Liabilities	2,918	2,783	2,726
Long-Term Debt	2,538	2,512	2,505
Noncurrent Deferred & Payable Income Tax Liabilities	2.86	1.37	2.49
Other Noncurrent Operating Liabilities	378	270	218
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	679	739	785
Total Equity & Noncontrolling Interests	537	542	421
Total Preferred & Common Equity	369	327	135
Total Common Equity	369	327	135
Common Stock	3,537	3,539	3,553
Retained Earnings	-1,841	-1,886	-2,092
Treasury Stock	-1,316	-1,316	-1,316
Accumulated Other Comprehensive Income / (Loss)	-11	-11	-10
Noncontrolling Interest	168	215	286

This table presents Nabors Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	4,769	4,700	4,463	4,727	4,645	4,616	4,554
Total Current Assets	966	1,013	978	961	1,074	1,078	1,072
Cash & Equivalents	420	469	413	387	413	466	452
Short-Term Investments	4.76	6.29	16	19	13	7.66	7.65
Accounts Receivable	303	307	297	325	417	369	385
Inventories, net	129	144	152	146	150	148	142
Other Current Assets	109	86	99	83	82	88	86
Plant, Property, & Equipment, net	3,100	2,977	2,964	2,946	2,841	2,813	2,766
Total Noncurrent Assets	702	710	521	820	729	725	715
Noncurrent Deferred & Refundable Income Taxes	259	252	244	239	232	227	228
Other Noncurrent Operating Assets	443	458	277	581	497	498	487
Total Liabilities & Shareholders' Equity	4,769	4,700	4,463	4,727	4,645	4,616	4,554
Total Liabilities	3,489	3,426	3,358	3,344	3,372	3,353	3,320
Total Current Liabilities	559	540	544	529	602	591	572
Short-Term Debt	-	-	-	-	0.00	0.00	0.00
Accounts Payable	290	307	302	287	319	331	317
Accrued Expenses	242	190	206	213	220	211	218
Current Deferred & Payable Income Tax Liabilities	19	38	31	23	58	42	31
Other Current Liabilities	7.80	6.04	5.24	5.50	5.25	5.75	5.86
Total Noncurrent Liabilities	2,930	2,886	2,814	2,816	2,769	2,762	2,748
Long-Term Debt	2,586	2,562	2,503	2,501	2,512	2,514	2,503
Noncurrent Deferred & Payable Income Tax Liabilities	2.28	2.58	1.77	1.81	1.43	1.56	1.91
Other Noncurrent Operating Liabilities	342	321	308	313	256	246	243
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	683	691	514	834	751	761	774
Total Equity & Noncontrolling Interests	596	582	592	548	523	502	461
Total Preferred & Common Equity	439	403	403	348	286	250	191
Total Common Equity	439	403	403	348	286	250	191
Common Stock	3,533	3,534	3,538	3,536	3,541	3,545	3,549
Retained Earnings	-1,766	-1,804	-1,809	-1,862	-1,928	-1,967	-2,031
Treasury Stock	-1,316	-1,316	-1,316	-1,316	-1,316	-1,316	-1,316
Accumulated Other Comprehensive Income / (Loss)	-12	-11	-10	-10	-11	-11	-11
Noncontrolling Interest	157	180	189	200	236	251	269

This table displays calculated financial ratios and metrics derived from Nabors Industries' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	32.18%	14.28%	-2.65%
EBITDA Growth	7.38%	83.18%	-21.96%
EBIT Growth	22.40%	152.56%	-124.04%
NOPAT Growth	22.40%	129.02%	-143.54%
Net Income Growth	43.49%	116.24%	-276.31%
EPS Growth	47.09%	86.45%	-307.47%
Operating Cash Flow Growth	16.87%	27.30%	-8.85%
Free Cash Flow Firm Growth	-31.80%	-100.79%	1,154.69%
Invested Capital Growth	-9.96%	1.56%	-1.13%
Revenue Q/Q Growth	9.18%	-1.02%	0.03%
EBITDA Q/Q Growth	-27.31%	-4.82%	-27.89%
EBIT Q/Q Growth	-174.44%	-20.98%	-115.50%
NOPAT Q/Q Growth	-174.44%	286.73%	97.95%
Net Income Q/Q Growth	14.26%	512.19%	-71.65%
EPS Q/Q Growth	5.77%	40.71%	-19.50%
Operating Cash Flow Q/Q Growth	24.22%	-2.75%	-5.37%
Free Cash Flow Firm Q/Q Growth	902.48%	97.63%	101.87%
Invested Capital Q/Q Growth	-4.04%	-3.60%	1.10%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	16.02%	25.68%	20.59%
Operating Margin	-9.21%	4.23%	-1.05%
EBIT Margin	-9.21%	4.23%	-1.05%
Profit (Net Income) Margin	-11.51%	1.64%	-2.96%
Tax Burden Percent	125.05%	38.65%	283.46%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	61.35%	0.00%
Return on Invested Capital (ROIC)	-4.94%	1.50%	-0.65%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.15%	1.50%	-3.82%
Return on Net Nonoperating Assets (RNNOA)	-18.61%	2.50%	-6.42%
Return on Equity (ROE)	-23.55%	4.00%	-7.07%
Cash Return on Invested Capital (CROIC)	5.54%	-0.05%	0.48%
Operating Return on Assets (OROA)	-4.79%	2.58%	-0.63%
Return on Assets (ROA)	-5.99%	1.00%	-1.80%
Return on Common Equity (ROCE)	-8.66%	1.11%	-1.31%
Return on Equity Simple (ROE_SIMPLE)	-83.27%	15.28%	-65.18%
Net Operating Profit after Tax (NOPAT)	-172	50	-22
NOPAT Margin	-6.44%	1.64%	-0.73%
Net Nonoperating Expense Percent (NNEP)	6.21%	0.00%	3.17%
Return On Investment Capital (ROIC_SIMPLE)	-5.59%	1.35%	-0.74%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	8.56%	8.01%	8.40%
R&D to Revenue	1.87%	1.85%	1.92%
Operating Expenses to Revenue	109.21%	95.77%	101.05%
Earnings before Interest and Taxes (EBIT)	-246	129	-31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	428	783	611
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	3.95	2.37	4.54
Price to Tangible Book Value (P/TBV)	3.95	2.37	4.54
Price to Revenue (P/Rev)	0.55	0.25	0.21
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.33	1.13	1.14
Enterprise Value to Revenue (EV/Rev)	1.64	1.25	1.28
Enterprise Value to EBITDA (EV/EBITDA)	10.27	4.85	6.20
Enterprise Value to EBIT (EV/EBIT)	0.00	29.41	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	76.11	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.76	5.95	6.52
Enterprise Value to Free Cash Flow (EV/FCFF)	22.75	0.00	236.04
Leverage & Solvency	-	-	-
Debt to Equity	2.09	2.45	2.08
Long-Term Debt to Equity	2.09	1.96	2.08
Financial Leverage	1.67	1.66	1.68
Leverage Ratio	3.93	4.01	3.93
Compound Leverage Factor	3.93	4.01	3.93
Debt to Total Capital	67.61%	71.03%	67.50%
Short-Term Debt to Total Capital	0.00%	14.24%	0.00%
Long-Term Debt to Total Capital	67.61%	56.79%	67.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	22.55%	21.58%	28.87%
Common Equity to Total Capital	9.83%	7.39%	3.64%
Debt to EBITDA	5.94	4.01	4.10
Net Debt to EBITDA	4.88	2.64	3.45
Long-Term Debt to EBITDA	5.94	3.21	4.10
Debt to NOPAT	-14.76	62.94	-115.30
Net Debt to NOPAT	-12.13	41.50	-97.01
Long-Term Debt to NOPAT	-14.76	50.33	-115.30
Altman Z-Score	0.20	0.37	0.21
Noncontrolling Interest Sharing Ratio	63.23%	72.14%	81.44%
Liquidity Ratios	-	-	-
Current Ratio	1.68	1.36	1.75
Quick Ratio	1.31	1.17	1.37
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	193	-1.52	16
Operating Cash Flow to CapEx	144.52%	121.10%	105.25%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.52	0.61	0.61
Accounts Receivable Turnover	8.68	9.03	8.07
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.84	1.03	1.04
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	42.05	40.41	45.23
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	42.05	40.41	45.23
Capital & Investment Metrics	-	-	-
Invested Capital	3,301	3,352	3,314
Invested Capital Turnover	0.77	0.92	0.89
Increase / (Decrease) in Invested Capital	-365	51	-38
Enterprise Value (EV)	4,390	3,798	3,792
Market Capitalization	1,458	773	612
Book Value per Share	$39.19	$34.51	$12.61
Tangible Book Value per Share	$39.19	$34.51	$12.61
Total Capital	3,753	4,422	3,712
Total Debt	2,538	3,141	2,505
Total Long-Term Debt	2,538	2,512	2,505
Net Debt	2,085	2,071	2,108
Capital Expenditures (CapEx)	347	527	552
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-48	-8.86	30
Debt-free Net Working Capital (DFNWC)	404	1,061	428
Net Working Capital (NWC)	404	432	428
Net Nonoperating Expense (NNE)	135	0.00	66
Net Nonoperating Obligations (NNO)	2,085	2,071	2,108
Total Depreciation and Amortization (D&A)	673	654	642
Debt-free, Cash-free Net Working Capital to Revenue	-1.80%	-0.29%	1.02%
Debt-free Net Working Capital to Revenue	15.15%	34.80%	14.40%
Net Working Capital to Revenue	15.15%	14.15%	14.40%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($40.52)	($5.49)	($22.37)
Adjusted Weighted Average Basic Shares Outstanding	8.90M	9.16M	9.20M
Adjusted Diluted Earnings per Share	($40.52)	($5.49)	($22.37)
Adjusted Weighted Average Diluted Shares Outstanding	8.90M	9.16M	9.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.46M	10.63M	10.76M
Normalized Net Operating Profit after Tax (NOPAT)	-172	90	-22
Normalized NOPAT Margin	-6.44%	2.96%	-0.73%
Pre Tax Income Margin	-9.21%	4.23%	-1.05%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	-1.16%	4.94%	-1.18%
Augmented Payout Ratio	-4.52%	4.94%	-1.18%

This table displays calculated financial ratios and metrics derived from Nabors Industries' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.29%	41.19%	38.74%	23.28%	6.47%	-4.09%	-5.72%	-4.60%	-0.11%	0.11%
EBITDA Growth	107.15%	-97.97%	432.54%	40.74%	-36.15%	4,159.04%	-26.13%	-19.39%	-2.99%	-36.14%
EBIT Growth	173.17%	-1,646.75%	213.26%	341.36%	-140.07%	86.69%	-55.56%	-94.08%	-10.80%	-208.61%
NOPAT Growth	40.91%	-1,646.75%	217.51%	231.13%	50.38%	96.83%	-178.22%	-180.27%	-10.80%	-1,193.85%
Net Income Growth	96.15%	46.78%	134.96%	123.21%	-600.38%	106.63%	-114.74%	-180.27%	-5.90%	-952.19%
EPS Growth	88.60%	53.01%	118.26%	96.71%	-247.78%	55.44%	-210.46%	-1,283.87%	-9.58%	-120.46%
Operating Cash Flow Growth	22.66%	95.51%	272.52%	39.46%	-3.98%	-9.03%	-30.39%	7.83%	7.64%	-18.14%
Free Cash Flow Firm Growth	-94.75%	-50.00%	-16.86%	77.36%	-198.66%	-122.14%	-125.14%	-145.45%	452.03%	82.18%
Invested Capital Growth	-2.33%	-9.96%	-5.56%	-8.23%	1.09%	1.56%	0.00%	3.90%	-5.72%	-1.13%
Revenue Q/Q Growth	10.63%	10.07%	2.56%	-1.29%	-4.45%	-0.85%	0.82%	-0.12%	0.04%	-0.63%
EBITDA Q/Q Growth	53.79%	-98.51%	62.38%	-30.47%	-30.22%	-0.86%	-23.13%	-24.13%	-16.03%	-34.74%
EBIT Q/Q Growth	392.55%	-420.20%	954.74%	-66.97%	-148.57%	-6.31%	-51.83%	-95.60%	-1,009.66%	-196.13%
NOPAT Q/Q Growth	-136.27%	-296.47%	994.30%	-82.70%	-189.41%	74.64%	-468.81%	82.25%	-23.40%	-196.13%
Net Income Q/Q Growth	93.62%	-1,203.61%	205.00%	-73.42%	-292.50%	112.34%	-333.39%	-44.73%	-153.95%	0.66%
EPS Q/Q Growth	80.87%	-277.78%	160.44%	-107.54%	-1,919.35%	51.60%	-49.84%	5.51%	-59.91%	2.62%
Operating Cash Flow Q/Q Growth	15.03%	43.93%	-22.97%	9.36%	-20.80%	36.35%	-41.05%	69.40%	-20.94%	3.69%
Free Cash Flow Firm Q/Q Growth	-69.00%	372.72%	-21.87%	3.25%	-117.25%	-6.06%	-132.74%	-86.63%	233.58%	-105.37%
Invested Capital Q/Q Growth	-0.73%	-4.04%	1.80%	-5.37%	9.35%	-3.60%	0.24%	-1.68%	-0.77%	1.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.15%	257.12%	41.40%	41.51%	39.83%	285.08%	41.25%	40.75%	41.92%	277.22%
EBITDA Margin	31.99%	0.43%	37.30%	26.27%	19.18%	19.18%	29.22%	22.20%	18.63%	12.24%
Operating Margin	7.40%	-21.53%	16.38%	5.48%	-2.79%	-2.99%	7.72%	0.34%	-3.09%	-9.21%
EBIT Margin	7.40%	-21.53%	16.38%	5.48%	-2.79%	-2.99%	7.72%	0.34%	-3.09%	-9.21%
Profit (Net Income) Margin	-0.64%	-7.56%	7.74%	2.08%	-4.20%	0.52%	-1.21%	-1.75%	-4.45%	-4.45%
Tax Burden Percent	-56.53%	181.77%	72.63%	38.03%	150.71%	16.70%	-127.83%	-516.00%	144.05%	186.35%
Interest Burden Percent	15.25%	19.31%	65.07%	100.00%	100.00%	-104.81%	12.26%	100.00%	100.00%	25.93%
Effective Tax Rate	156.53%	0.00%	27.37%	61.97%	0.00%	83.30%	227.83%	616.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.94%	-11.55%	9.93%	1.90%	-1.74%	-0.46%	-8.82%	-1.61%	-1.90%	-5.74%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.82%	-8.89%	8.40%	1.90%	-2.52%	-0.09%	-5.74%	-1.61%	-2.72%	-5.04%
Return on Net Nonoperating Assets (RNNOA)	-3.23%	-14.85%	13.69%	3.40%	-4.04%	-0.16%	-9.40%	-2.79%	-4.31%	-8.46%
Return on Equity (ROE)	-6.17%	-26.40%	23.62%	5.30%	-5.77%	-0.61%	-18.22%	-4.40%	-6.21%	-14.20%
Cash Return on Invested Capital (CROIC)	0.55%	5.54%	9.27%	9.60%	-1.86%	-0.05%	-2.79%	-29.68%	-25.44%	0.48%
Operating Return on Assets (OROA)	3.64%	-11.21%	9.90%	3.59%	-1.81%	-1.82%	4.96%	0.22%	-1.98%	-5.59%
Return on Assets (ROA)	-0.31%	-3.93%	4.68%	1.37%	-2.73%	0.32%	-0.78%	-1.15%	-2.85%	-2.70%
Return on Common Equity (ROCE)	-2.82%	-9.71%	8.49%	1.90%	-1.71%	-0.17%	-4.93%	-1.21%	-1.28%	-2.64%
Return on Equity Simple (ROE_SIMPLE)	-81.58%	0.00%	-17.75%	3.64%	-3.48%	0.00%	-7.04%	-19.74%	-26.79%	0.00%
Net Operating Profit after Tax (NOPAT)	-29	-116	94	16	-15	-3.68	-73	-13	-16	-48
NOPAT Margin	-4.18%	-15.07%	11.89%	2.08%	-1.95%	-0.50%	-9.87%	-1.75%	-2.16%	-6.45%
Net Nonoperating Expense Percent (NNEP)	-1.11%	-2.65%	1.53%	0.00%	0.79%	-0.36%	-3.09%	0.00%	0.82%	-0.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.77%	-	-	-	-0.10%	-	-	-	-1.63%
Cost of Revenue to Revenue	61.85%	-157.12%	58.60%	58.49%	60.17%	-185.08%	58.75%	59.25%	58.08%	-177.22%
SG&A Expenses to Revenue	8.24%	7.67%	7.82%	8.12%	8.36%	7.73%	8.30%	8.37%	8.61%	8.32%
R&D to Revenue	1.92%	1.81%	1.91%	1.71%	1.88%	1.89%	1.86%	1.93%	1.94%	1.95%
Operating Expenses to Revenue	30.75%	278.65%	25.03%	36.03%	42.62%	288.07%	33.53%	40.41%	45.01%	286.43%
Earnings before Interest and Taxes (EBIT)	52	-166	129	43	-21	-22	57	2.53	-23	-68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	224	3.32	294	205	143	142	217	165	138	90
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.18	3.95	2.86	2.20	3.38	2.37	2.85	3.04	3.61	4.54
Price to Tangible Book Value (P/TBV)	2.18	3.95	2.86	2.20	3.38	2.37	2.85	3.04	3.61	4.54
Price to Revenue (P/Rev)	0.39	0.55	0.40	0.29	0.38	0.25	0.27	0.26	0.23	0.21
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.33	1.22	1.15	1.24	1.13	1.16	1.15	1.15	1.14
Enterprise Value to Revenue (EV/Rev)	1.62	1.64	1.42	1.21	1.40	1.25	1.29	1.28	1.27	1.28
Enterprise Value to EBITDA (EV/EBITDA)	6.73	10.27	4.87	4.06	5.23	4.85	4.36	4.48	4.46	6.20
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	23.42	15.54	26.34	29.41	16.03	18.84	18.87	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	33.45	108.66	0.00	76.11	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.81	8.76	6.70	5.54	6.56	5.95	6.58	6.31	6.15	6.52
Enterprise Value to Free Cash Flow (EV/FCFF)	205.55	22.75	12.81	11.50	0.00	0.00	0.00	0.00	0.00	236.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.02	2.09	2.01	2.26	1.81	2.45	1.97	1.99	2.03	2.08
Long-Term Debt to Equity	2.02	2.09	2.01	2.26	1.81	1.96	1.97	1.99	2.03	2.08
Financial Leverage	1.77	1.67	1.63	1.78	1.60	1.66	1.64	1.74	1.58	1.68
Leverage Ratio	3.96	3.93	3.63	3.88	3.57	4.01	3.67	3.83	3.55	3.93
Compound Leverage Factor	0.60	0.76	2.36	3.88	3.57	-4.20	0.45	3.83	3.55	1.02
Debt to Total Capital	66.90%	67.61%	66.80%	69.37%	64.41%	71.03%	66.36%	66.56%	66.98%	67.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	14.24%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	66.90%	67.61%	66.80%	69.37%	64.41%	56.79%	66.36%	66.56%	66.98%	67.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	21.73%	22.55%	22.70%	19.48%	26.63%	21.58%	26.07%	26.81%	27.90%	28.87%
Common Equity to Total Capital	11.37%	9.83%	10.50%	11.16%	8.97%	7.39%	7.56%	6.63%	5.12%	3.64%
Debt to EBITDA	4.40	5.94	3.03	2.77	3.04	4.01	2.82	2.95	2.95	4.10
Net Debt to EBITDA	3.67	4.88	2.47	2.30	2.55	2.64	2.34	2.40	2.41	3.45
Long-Term Debt to EBITDA	4.40	5.94	3.03	2.77	3.04	3.21	2.82	2.95	2.95	4.10
Debt to NOPAT	-41.26	-14.76	20.86	74.23	-93.59	62.94	-26.76	-3.00	-2.37	-115.30
Net Debt to NOPAT	-34.48	-12.13	16.98	61.51	-78.38	41.50	-22.23	-2.43	-1.93	-97.01
Long-Term Debt to NOPAT	-41.26	-14.76	20.86	74.23	-93.59	50.33	-26.76	-3.00	-2.37	-115.30
Altman Z-Score	0.30	0.26	0.49	0.42	0.41	0.28	0.37	0.31	0.27	0.18
Noncontrolling Interest Sharing Ratio	54.32%	63.23%	64.05%	64.14%	70.41%	72.14%	72.95%	72.43%	79.38%	81.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.73	1.68	1.87	1.80	1.82	1.36	1.78	1.82	1.88	1.75
Quick Ratio	1.30	1.31	1.45	1.33	1.38	1.17	1.40	1.43	1.48	1.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	53	249	292	301	-52	-55	-73	-137	183	-9.82
Operating Cash Flow to CapEx	134.13%	202.66%	131.95%	118.90%	96.28%	140.26%	108.19%	145.32%	113.92%	73.64%
Free Cash Flow to Firm to Interest Expense	1.20	0.00	6.46	0.00	0.00	0.00	-1.46	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	3.17	0.00	3.41	0.00	0.00	0.00	2.13	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.81	0.00	0.83	0.00	0.00	0.00	0.16	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.52	0.60	0.66	0.65	0.61	0.64	0.65	0.64	0.61
Accounts Receivable Turnover	8.35	8.68	9.56	10.55	9.81	9.03	8.30	8.92	8.36	8.07
Inventory Turnover	11.69	0.00	12.71	13.25	13.24	0.00	12.01	11.67	12.04	0.00
Fixed Asset Turnover	0.75	0.84	0.93	0.99	1.02	1.03	1.03	1.03	1.04	1.04
Accounts Payable Turnover	5.74	0.00	6.00	6.31	6.31	0.00	5.64	5.53	5.74	0.00
Days Sales Outstanding (DSO)	43.73	42.05	38.17	34.59	37.19	40.41	43.97	40.94	43.64	45.23
Days Inventory Outstanding (DIO)	31.21	0.00	28.73	27.55	27.57	0.00	30.40	31.29	30.33	0.00
Days Payable Outstanding (DPO)	63.56	0.00	60.86	57.85	57.81	0.00	64.72	66.04	63.57	0.00
Cash Conversion Cycle (CCC)	11.38	42.05	6.04	4.30	6.95	40.41	9.64	6.18	10.40	45.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,440	3,301	3,360	3,180	3,477	3,352	3,360	3,304	3,278	3,314
Invested Capital Turnover	0.70	0.77	0.84	0.91	0.89	0.92	0.89	0.92	0.88	0.89
Increase / (Decrease) in Invested Capital	-82	-365	-198	-285	37	51	-0.03	124	-199	-38
Enterprise Value (EV)	3,956	4,390	4,110	3,664	4,304	3,798	3,889	3,815	3,777	3,792
Market Capitalization	955	1,458	1,153	887	1,175	773	815	762	690	612
Book Value per Share	$46.64	$39.19	$42.59	$42.21	$36.48	$34.51	$31.21	$23.40	$17.87	$12.61
Tangible Book Value per Share	$46.64	$39.19	$42.59	$42.21	$36.48	$34.51	$31.21	$23.40	$17.87	$12.61
Total Capital	3,865	3,753	3,836	3,609	3,884	4,422	3,786	3,777	3,737	3,712
Total Debt	2,586	2,538	2,562	2,503	2,501	3,141	2,512	2,514	2,503	2,505
Total Long-Term Debt	2,586	2,538	2,562	2,503	2,501	2,512	2,512	2,514	2,503	2,505
Net Debt	2,160	2,085	2,087	2,074	2,095	2,071	2,087	2,041	2,044	2,108
Capital Expenditures (CapEx)	104	99	117	142	139	130	99	125	126	202
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-18	-48	-2.97	4.81	25	-8.86	46	13	41	30
Debt-free Net Working Capital (DFNWC)	407	404	473	434	432	1,061	472	487	501	428
Net Working Capital (NWC)	407	404	473	434	432	432	472	487	501	428
Net Nonoperating Expense (NNE)	-25	-58	33	0.00	17	-7.54	-64	0.00	17	-15
Net Nonoperating Obligations (NNO)	2,160	2,085	2,087	2,074	2,095	2,071	2,087	2,041	2,044	2,108
Total Depreciation and Amortization (D&A)	172	169	165	162	163	164	160	162	161	158
Debt-free, Cash-free Net Working Capital to Revenue	-0.75%	-1.80%	-0.10%	0.16%	0.82%	-0.29%	1.54%	0.45%	1.40%	1.02%
Debt-free Net Working Capital to Revenue	16.64%	15.15%	16.36%	14.29%	14.02%	34.80%	15.71%	16.40%	16.87%	14.40%
Net Working Capital to Revenue	16.64%	15.15%	16.36%	14.29%	14.02%	14.15%	15.71%	16.40%	16.87%	14.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.80)	($6.80)	$4.39	($0.31)	($6.26)	($3.31)	($4.54)	($4.29)	($6.86)	($6.68)
Adjusted Weighted Average Basic Shares Outstanding	9.10M	8.90M	9.16M	9.20M	9.15M	9.16M	9.18M	9.21M	9.21M	9.20M
Adjusted Diluted Earnings per Share	($1.80)	($6.80)	$4.11	($0.31)	($6.26)	($3.03)	($4.54)	($4.29)	($6.86)	($6.68)
Adjusted Weighted Average Diluted Shares Outstanding	9.10M	8.90M	9.87M	9.20M	9.15M	9.16M	9.18M	9.21M	9.21M	9.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.42M	9.46M	9.54M	9.54M	9.47M	10.63M	10.70M	10.71M	10.71M	10.76M
Normalized Net Operating Profit after Tax (NOPAT)	36	-116	94	30	-15	-15	40	1.77	-16	-48
Normalized NOPAT Margin	5.18%	-15.07%	11.89%	3.84%	-1.95%	-2.09%	5.40%	0.24%	-2.16%	-6.45%
Pre Tax Income Margin	1.13%	-4.16%	10.66%	5.48%	-2.79%	3.13%	0.95%	0.34%	-3.09%	-2.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.18	0.00	2.86	0.00	0.00	0.00	1.14	0.00	0.00	0.00
NOPAT to Interest Expense	-0.67	0.00	2.08	0.00	0.00	0.00	-1.46	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-1.18	0.00	0.28	0.00	0.00	0.00	-0.83	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-3.03	0.00	-0.51	0.00	0.00	0.00	-3.42	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1.55%	-1.16%	-3.84%	16.78%	-20.34%	4.94%	-11.69%	-2.10%	-2.02%	-1.18%
Augmented Payout Ratio	-1.55%	-4.52%	-3.84%	16.78%	-20.34%	4.94%	-11.69%	-2.10%	-2.02%	-1.18%

Frequently Asked Questions About Nabors Industries' Financials

When does Nabors Industries's financial year end?

According to the most recent income statement we have on file, Nabors Industries' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Nabors Industries' net income changed over the last 2 years?

Nabors Industries' net income appears to be on a downward trend, with a most recent value of -$87.99 million in 2024, falling from -$307.22 million in 2022. The previous period was $49.90 million in 2023.

What is Nabors Industries's operating income?

Nabors Industries's total operating income in 2024 was -$31.04 million, based on the following breakdown:

Total Gross Profit: $2.97 billion
Total Operating Expenses: $3.00 billion

How has Nabors Industries revenue changed over the last 2 years?

Over the last 2 years, Nabors Industries' total revenue changed from $2.67 billion in 2022 to $2.97 billion in 2024, a change of 11.2%.

How much debt does Nabors Industries have?

Nabors Industries' total liabilities were at $3.30 billion at the end of 2024, a 17.5% decrease from 2023, and a 6.2% decrease since 2022.

How much cash does Nabors Industries have?

In the past 2 years, Nabors Industries' cash and equivalents has ranged from $389.65 million in 2024 to $1.06 billion in 2023, and is currently $389.65 million as of their latest financial filing in 2024.

How has Nabors Industries' book value per share changed over the last 2 years?

Over the last 2 years, Nabors Industries' book value per share changed from 39.19 in 2022 to 12.61 in 2024, a change of -67.8%.

Related Companies

This page (NYSE:NBR) was last updated on 4/20/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Nabors Industries (NBR) Financials

Frequently Asked Questions About Nabors Industries' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Nabors Industries (NBR) Financials

Annual Income Statements for Nabors Industries

Quarterly Income Statements for Nabors Industries

Annual Cash Flow Statements for Nabors Industries

Quarterly Cash Flow Statements for Nabors Industries

Annual Balance Sheets for Nabors Industries

Quarterly Balance Sheets for Nabors Industries

Annual Metrics and Ratios for Nabors Industries

Quarterly Metrics and Ratios for Nabors Industries

Frequently Asked Questions About Nabors Industries' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools