| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | 1 | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | 1 | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | ‡‡‡‡‡ |
|
| 2025 | ‡‡‡‡‡ |
|
| 2024 | ‡‡‡‡‡ |
|
| 2023 | ‡‡‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | 0.50 |
—
|
| 2019 | 2.00 |
—
—
—
—
|
| 2018 | 12.00 |
—
—
—
—
|
| 2017 | 12.00 |
—
—
—
—
|
| 2016 | 12.00 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 1,070.18 | 397.30 | 940.74 | 509.83 |
| Receivables | 347.84 | 387.97 | 391.71 | 443.42 |
| Inventory | 147.80 | 129.98 | 94.79 | 87.86 |
| Other | 79.87 | 84.29 | 124.34 | 156.07 |
| 1,645.68 | 999.54 | 1,551.57 | 1,197.18 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 294.44 | 321.03 | 300.47 | 365.47 |
| ST’ Debt | 629.62 | — | 377.49 | — |
| Other | 289.92 | 250.89 | 315.04 | 268.17 |
| 1,213.98 | 571.92 | 993.00 | 633.64 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 786.44 | 816.93 | — | — |
—
|
| ’25 | 742.78 | 838.92 | 825.51 | 805.13 |
3,212.34
|
| ’24 | 743.91 | 742.98 | 743.31 | 738.65 |
2,968.84
|
| ’23 | 789.01 | 778.81 | 744.14 | 737.84 |
3,049.80
|
| ’22 | 568.70 | 631.77 | 698.95 | 769.34 |
2,668.76
|
| ’21 | 461.77 | 489.27 | 524.37 | 543.70 |
2,019.11
|
| ’20 | 715.17 | 535.97 | 437.61 | 446.74 |
2,135.48
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 113.34 | 135.24 | — | — |
—
|
| ’25 | 87.74 | 151.81 | 207.88 | 245.84 |
693.27
|
| ’24 | 107.24 | 181.66 | 143.62 | 148.92 |
581.43
|
| ’23 | 154.05 | 168.47 | 133.43 | 181.92 |
637.86
|
| ’22 | 41.35 | 120.80 | 138.95 | 199.99 |
501.09
|
| ’21 | 79.49 | 133.71 | 113.28 | 102.29 |
428.78
|
| ’20 | 59.16 | 142.61 | 46.13 | 101.86 |
349.76
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (51.61) | 9.63 | — | — |
—
|
| ’25 | (77.22) | (27.10) | (2.14) | 83.78 |
(22.68)
|
| ’24 | 2.61 | 54.29 | 15.74 | (59.13) |
13.51
|
| ’23 | 35.32 | 23.72 | (9.78) | 47.77 |
97.01
|
| ’22 | (42.90) | 44.16 | 27.76 | 98.62 |
127.64
|
| ’21 | 38.64 | 56.78 | 47.56 | 48.16 |
191.14
|
| ’20 | (0.27) | 95.27 | (0.23) | 59.46 |
154.24
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (1.54) | (2.04) | — | — |
—
|
| ’25 | 2.18 | (2.71) | 16.85 | 0.17 |
17.39
|
| ’24 | (4.54) | (4.29) | (6.86) | (6.67) |
(22.37)
|
| ’23 | 4.11 | (0.31) | (6.26) | (2.70) |
(5.49)
|
| ’22 | (22.51) | (9.41) | (1.80) | (7.87) |
(40.52)
|
| ’21 | (20.16) | (26.59) | (15.79) | (14.60) |
(76.58)
|
| ’20 | (56.73) | (22.13) | (23.42) | (16.45) |
(118.69)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 82.50 | 75.64 | 50.15 | 23.27 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 207.67 | 190.90 | 105.96 | 69.20 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12,000 | 12,000 | 12,400 | 13,900 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.22 | 0.25 | 0.24 | 0.23 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,668.76 | 3,049.80 | 2,968.84 | 3,212.34 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.57% | 41.30% | 41.31% | 40.41% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (245.68) | 129.12 | (31.04) | 537.53 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.21%) | 4.23% | (1.05%) | 16.73% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (307.22) | 49.90 | (87.99) | 374.43 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 673.21 | 654.03 | 642.22 | 659.68 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 299.93 | 332.98 | 322.63 | 243.49 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (40.52) | (5.49) | (22.37) | 18.75 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 56.31 | 69.64 | 63.19 | 52.55 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (41.97) | (59.05) | (61.72) | (54.27) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.35 | 10.59 | 1.47 | (1.72) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 60.33 | 59.18 | 45.78 | 72.40 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.90 | 9.16 | 9.20 | 13.19 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 3.01 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.47 | 0.24 | 0.18 | 0.22 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.35 | 1.37 | 1.25 | 0.75 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.26 | 0.92 | 1.10 | 0.71 | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.29 | 28.98 | 241.52 | (100.09) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 501.09 | 637.86 | 581.43 | 693.27 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (373.44) | (540.85) | (567.92) | (715.95) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 127.64 | 97.01 | 13.51 | (22.68) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 404.23 | 431.70 | 427.62 | 558.57 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,544.54 | 3,141.14 | 2,505.22 | 2,494.68 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,092.23 | 2,070.96 | 2,107.92 | 1,553.94 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 536.79 | 542.01 | 421.25 | 955.20 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6.83%) | (1.00%) | (4.21%) | 5.32% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.84%) | 3.09% | (0.77%) | 13.39% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (55.79%) | (9.32%) | (42.73%) | 35.94% | ‡‡‡‡‡ | — | — |
ROE
|
Nabors Industries Ltd. (NBR), a key player in onshore and offshore drilling, has mirrored oil market turbulence over the past decade, with revenue swinging from a $3.05 billion peak in 2019 to a 30% plunge in 2020 amid COVID lows, rebounding 32% in 2022 before a slight 2024 dip to $2.97 billion. Despite these cycles—correlating 0.85 with WTI prices—gross margins resiliently climbed from 33% in 2016 to 41.3% in 2024 through cost discipline, while revenue per employee surged 55% to $239k, underscoring operational efficiency in a labor-intensive sector.
Profitability remains scarred by $4.5 billion in cumulative losses since 2016, eroding shareholders’ equity 87% and driving negative ROE, with shares diluted 67%. Balance sheet leverage persists (net debt ~$2.1 billion, EV/FCF at 242x), insider activity shows no buys amid one major sell, yet valuations scream value: PS ratio at 0.18x (70% below historical medians) and PB ~1.25x, hinting at deep discounts if oil stabilizes above $70.
Analysts forecast modest 4% revenue CAGR through 2027 but volatile EBT (2025 surge to 16.7% margin, then drops) and ongoing dilution risks, with 45% odds of positive net income by 2027 in a $75 WTI base case. Tailwinds like automation tech offer 10-15% productivity boosts, but OPEC risks loom; NBR trades as a high-beta value play with 20-30% re-rating potential on stabilization, warranting cautious allocation.
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