Saturday 17 October 2026 Export NBR’s income statement to Excel — free account

Nabors Industries Ltd.

Nabors Industries Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 8.20% from fiscal 2024. In the quarter to June 2026, revenue fell 2.62%, EPS grew 24.7%, free cash flow grew 135.5% and total debt fell 20.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

78.20 1.81 +2.37%

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Market cap: $1.2B
P/E: 5.3×
Fwd P/E: −23.5×
Dividend yield: —
F-score: 6/9
Altman Z: 0.90
Beneish M: −3.00
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.50

Total sells 0.30

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	1	—	—

Insider Ownership 0.09%

Capital & Financial Ratios $m

Market Cap 1,160.00

Revenue 3,234.00

Net Income 322.20

Free Cash Flow 39.65

Net Debt 1,610.44

Current Ratio 1.89

Debt/Equity 2.24

P/E ratio 5.27

Fwd P/E (23.50)

P/S ratio 0.35

P/B ratio 1.18

Past 5Y EPS Growth —

This Y EPS Growth (113.27%)

Next Y EPS Growth 288.70%

Next Y revenue growth 4.38%

Next 5Y EPS Growth (24.86%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 45.52%

10-year low 10-year high

P/B against its own 10 years 65.09%

10-year low 10-year high

EV/Sales against its own 10 years 6.27%

10-year low 10-year high

EV/FCF against its own 10 years 87.94%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	0.50	0.50
2019	2.00	0.50 0.50 0.50 0.50
2018	12.00	3.00 3.00 3.00 3.00
2017	12.00	3.00 3.00 3.00 3.00
2016	12.00	3.00 3.00 3.00 3.00

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,070	397	941	510
Receivables	348	388	392	443
Inventory	148	130	95	88
Other	80	84	124	156
	1,646	1,000	1,552	1,197

	2023	2024	2025	Q'26
Payables	294	321	300	365
ST’ Debt	630	—	377	—
Other	—	—	—	—
	1,214	572	993	634

Compound Annual Growth %

	10y	5y	3y
Sales	(1.64%)	8.51%	6.37%
Cash Flow	(2.09%)	14.66%	11.43%
Earnings	0.00%	0.00%	0.00%
Book Value	(13.96%)	(5.34%)	21.18%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	786	817	—	—	—
’25	743	839	826	805	3,212
’24	744	743	743	739	2,969
’23	789	779	744	738	3,050
’22	569	632	699	769	2,669
’21	462	489	524	544	2,019
’20	715	536	438	447	2,135

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	113	135	—	—	—
’25	88	152	208	246	693
’24	107	182	144	149	581
’23	154	168	133	182	638
’22	41	121	139	200	501
’21	79	134	113	102	429
’20	59	143	46	102	350

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(52)	10	—	—	—
’25	(77)	(27)	(2)	84	(23)
’24	3	54	16	(59)	14
’23	35	24	(10)	48	97
’22	(43)	44	28	99	128
’21	39	57	51	48	195
’20	0	95	0	59	154

Fiscal quarters ending in the months shown.

EPS $

	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)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	246.50	266.00	90.50	75.00	9.79	55.01	82.50	75.64	50.15	23.27	Analyst estimates 2026–2028 Powerpack
	High	884.00	920.00	443.50	204.00	167.50	133.61	207.67	190.90	105.96	69.20
People
People	Employees	13,000	15,000	15,000	14,000	10,000	10,000	12,000	12,000	12,400	13,900
	Revenue/emp, $m	0.15	0.17	0.20	0.22	0.21	0.20	0.22	0.25	0.24	0.23
Income, $m
Income, $m	Revenue	2,007	2,565	3,048	3,054	2,135	2,019	2,669	3,050	2,969	3,212
	Gross margin, %	33.02	33.03	35.14	36.82	37.58	36.26	37.57	41.30	41.31	40.41
	EBT	(1,198)	(580)	(519)	(589)	(706)	(488)	(246)	129	(31)	538
	EBT margin, %	(59.69)	(22.61)	(17.02)	(19.29)	(33.04)	(24.17)	(9.21)	4.23	(1.05)	16.73
	Net income	(1,030)	(541)	(613)	(681)	(763)	(544)	(307)	50	(88)	374
	Depreciation	881	873	901	907	885	715	673	654	642	660
Per share, $
Per share, $	Revenue	362.98	457.05	455.76	434.24	302.52	265.50	299.93	332.98	322.63	243.49
	Earnings	(182.00)	(95.00)	(99.50)	(105.50)	(118.69)	(76.58)	(40.52)	(5.49)	(22.37)	18.75
	Cash flow	96.19	11.18	48.71	97.35	49.55	56.38	56.31	69.64	63.19	52.55
	Capex	(71.52)	(102.34)	(68.62)	(60.83)	(27.70)	(30.77)	(41.97)	(59.05)	(61.72)	(54.27)
	Free cash flow	24.68	(91.16)	(19.91)	36.52	21.85	25.61	14.35	10.59	1.47	(1.72)
	Book value	588.62	523.56	411.23	291.55	178.04	94.53	60.33	59.18	45.78	72.40
	Shares, m	6	6	7	7	7	8	9	9	9	13
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.01
	P/S	2.32	0.75	0.22	0.33	0.19	0.31	0.47	0.24	0.18	0.22
	P/B	1.43	0.66	0.24	0.49	0.33	0.86	2.35	1.37	1.25	0.75
	EV/Sales	3.95	2.18	1.24	1.28	1.36	1.43	1.26	0.92	1.10	0.71
	EV/FCF	58.12	(10.93)	(28.34)	15.21	18.84	14.86	26.29	28.98	241.52	(100.09)
Cash, $m
Cash, $m	Operating cash flow	532	63	326	685	350	429	501	638	581	693
	Capex	(395)	(574)	(459)	(428)	(196)	(234)	(373)	(541)	(568)	(716)
	Free cash flow	136	(512)	(133)	257	154	195	128	97	14	(23)
Balance, $m
Balance, $m	Working capital	334	528	761	592	616	977	404	432	428	559
	Total debt	3,579	4,028	3,586	3,346	2,977	3,268	2,545	3,141	2,505	2,495
	Net debt	3,283	3,663	3,105	2,894	2,495	2,276	2,092	2,071	2,108	1,554
	Shareholders’ equity	3,255	2,939	2,750	2,050	1,257	719	537	542	421	955
Returns, %
Returns, %	ROA	(11.62)	(6.59)	(8.04)	(9.85)	(13.38)	(10.39)	(6.83)	(1.00)	(4.21)	5.32
	ROIC	(11.45)	(5.49)	(5.54)	(7.45)	(11.75)	(10.18)	(5.84)	3.09	(0.77)	13.39
	ROE	(27.28)	(17.66)	(22.97)	(30.00)	(49.61)	(58.00)	(55.79)	(9.32)	(42.73)	35.94

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NE Noble Corporation PLC	$6.9B	46.4×	29.7×	−15.20% (below 0%: shrinking)	n/m	−152.06% (below 0%: shrinking)	37.99%	4.23%	Compare
RIG Transocean Ltd.	$6.2B	— (loss-making)	31.8×	−2.23% (below 0%: shrinking)	n/m	+90.18% (above 0%: growing)	100.00%	15.73%	Compare
VAL Valaris Limited	$5.8B	6.3×	25.3×	−12.35% (below 0%: shrinking)	−54.94% (below 0%: shrinking)	−159.58% (below 0%: shrinking)	22.94%	9.48%	Compare
PTEN Patterson-UTI Energy, Inc.	$4.3B	— (loss-making)	— (loss-making)	+0.71% (above 0%: growing)	n/m	−598.20% (below 0%: shrinking)	22.85%	(0.57%)	Compare
HP Helmerich & Payne, Inc.	$3.8B	— (loss-making)	— (loss-making)	−0.58% (below 0%: shrinking)	n/m	+574.70% (above 0%: growing)	29.52%	18.19%	Compare
SDRL Seadrill Limited	$2.9B	1,575×	123×	+19.10% (above 0%: growing)	n/m	−258.33% (below 0%: shrinking)	52.12%	16.04%	Compare
BORR Borr Drilling Limited	$1.4B	— (loss-making)	— (loss-making)	−13.22% (below 0%: shrinking)	n/m	−323.94% (below 0%: shrinking)	24.62%	0.13%	Compare
NBR Nabors Industries Ltd.	$1.2B	5.3×	— (loss-making)	−2.62% (below 0%: shrinking)	n/m	+135.53% (above 0%: growing)	37.87%	7.05%
SOC Sable Offshore Corp.	$637.0M	— (loss-making)	—	—	n/m	+90.17% (above 0%: growing)	100.00%	(48.78%)	Compare
Median of peers	$4.0B	46.4×	30.8×	−2.23%	—	−155.82%	33.76%	6.86%

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