A Business at a Glance
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NABORS INDUSTRIES LTD
NBR
$1.2B
Mkt Cap
$83.37
-1.03%
NABORS INDUSTRIES LTD (NBR) has a current P/E ratio of 4.8, compared to its historical median P/E of 3.0. The stock is currently considered Expensive based on its historical valuation range.
NABORS INDUSTRIES LTD (NBR) has a 5-year average return on invested capital (ROIC) of 8.5%. This is below average and may indicate limited pricing power.
NABORS INDUSTRIES LTD (NBR) has a market capitalization of $1.3B. It is classified as a small-cap stock.
NABORS INDUSTRIES LTD (NBR) does not currently pay a regular dividend.
Based on historical P/E analysis, NABORS INDUSTRIES LTD (NBR) appears expensive. The current P/E of 4.8 is 58% above its historical median of 3.0.
NABORS INDUSTRIES LTD (NBR) operates in the Drilling Oil & Gas Wells industry, within the Energy sector.
NABORS INDUSTRIES LTD (NBR) reported annual revenue of $3.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Nabors Industries, Ltd. (NYSE: NBR) was formed as a Bermuda exempted company on December 11, 2001. Unless the context requires otherwise, references in this annual report to “we,” “us,” “our,” “the Company,” or “Nabors” mean Nabors Industries Ltd., together with our subsidiaries. References in this annual report to “Nabors Delaware” mean Nabors Industries, Inc., a wholly owned subsidiary of Nabors. Nabors owns and operates one of the world’s largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and numerous international markets. Nabors also supplies performance software, tubular running services, managed pressure drilling services and innovative technologies for both its own rig fleet and those operated by third parties. In addition, Nabors manufactures advanced drilling equipment and provides drilling rig instrumentation.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.2B | 3.2B | 2.9B | 3.0B | 2.7B | 2.0B |
| Net Income | 201M | 247M | -206M | -50M | -361M | -582M |
| EPS | $12.80 | $17.39 | $-22.37 | $-5.49 | $-40.52 | $-76.58 |
| Free Cash Flow | 2.9M | -23M | 14M | 97M | 128M | 195M |
| ROIC | 12.9% | 14.8% | 17.9% | 10.7% | 1.7% | -2.5% |
| Gross Margin | - | 79.6% | 78.4% | 40.4% | 37.2% | 36.2% |
| Debt/Equity | 3.72 | 4.29 | 18.77 | 9.71 | 6.97 | 5.56 |
| Dividends/Share | $0.00 | - | $0.01 | $0.02 | $0.01 | $0.97 |
| Operating Income | 515M | 471M | 417M | 434M | 44M | -81M |
| Operating Margin | 15.9% | 14.8% | 14.2% | 14.4% | 1.7% | -4.0% |
| ROE | 35.3% | 68.2% | -89.2% | -14.4% | -75.2% | -66.9% |
| Shares Outstanding | 16M | 14M | 9M | 9M | 9M | 8M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.8B | 3.9B | 2.2B | 2.6B | 3.1B | 3.0B | 2.1B | 2.0B | 2.7B | 3.0B | 2.9B | 3.2B | 3.2B |
| Gross Margin | 33.8% | 38.6% | 39.7% | 33.0% | 35.3% | 36.6% | 37.5% | 36.2% | 37.2% | 40.4% | 78.4% | 79.6% | N/A |
| R&D | 50M | 41M | 34M | 51M | 56M | 50M | 34M | 35M | 50M | 56M | 57M | 53M | 53M |
| SG&A | 500M | 324M | 228M | 251M | 266M | 259M | 204M | 214M | 228M | 244M | 249M | 305M | 308M |
| EBIT | 798M | 317M | -118M | -142M | 59M | 89M | -171M | -81M | 44M | 434M | 417M | 471M | 515M |
| Op. Margin | 11.7% | 8.2% | -5.3% | -5.5% | 1.9% | 2.9% | -8.0% | -4.0% | 1.7% | 14.4% | 14.2% | 14.8% | 15.9% |
| Net Income | -671M | -373M | -1.0B | -547M | -653M | -720M | -820M | -582M | -361M | -50M | -206M | 247M | 201M |
| Net Margin | -9.9% | -9.6% | -46.2% | -21.3% | -21.4% | -23.7% | -38.4% | -28.9% | -13.6% | -1.7% | -7.0% | 7.8% | 6.2% |
| Non-Recurring | 3.5M | -63M | -85M | 9.5M | -36M | 127M | -17M | -16M | -7.4M | -12M | -24M | 483M | 20M |
| Returns on Capital | |||||||||||||
| ROIC | 8.6% | 3.9% | -1.7% | -2.2% | 0.9% | 1.7% | -4.0% | -2.5% | 1.7% | 10.7% | 17.9% | 14.8% | 12.9% |
| ROE | -12.3% | -8.1% | -27.4% | -17.8% | -23.3% | -30.8% | -52.3% | -66.9% | -75.2% | -14.4% | -89.2% | 68.2% | 35.3% |
| ROA | -5.6% | -3.5% | -11.6% | -6.6% | -8.0% | -9.9% | -13.4% | -10.6% | -7.0% | -1.0% | -4.2% | 5.3% | 4.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.8B | 857M | 532M | 63M | 326M | 685M | 350M | 429M | 501M | 638M | 581M | 693M | 719M |
| Free Cash Flow | -39M | -11M | 136M | -512M | -133M | 257M | 154M | 195M | 128M | 97M | 14M | -23M | 2.9M |
| Owner Earnings | 600M | -161M | -372M | -812M | -567M | -216M | -529M | -284M | -180M | -23M | -68M | 21M | -9.6B |
| CapEx | 1.8B | 867M | 395M | 574M | 459M | 428M | 196M | 234M | 373M | 541M | 568M | 716M | 716M |
| Maint. CapEx | 1.1B | 970M | 872M | 843M | 867M | 876M | 854M | 693M | 665M | 645M | 633M | 649M | 10.3B |
| Growth CapEx | 676M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67M | 0 |
| D&A | 1.1B | 970M | 872M | 843M | 867M | 876M | 854M | 693M | 665M | 645M | 633M | 649M | 10.3B |
| CapEx/OCF | 102.2% | 101.2% | 74.3% | 915.4% | 140.9% | 62.5% | 55.9% | 54.6% | 74.5% | 84.8% | 97.7% | 103.3% | 99.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 59M | 69M | 51M | 69M | 87M | 50M | 23M | 7.4M | 65K | 194K | 87K | 0 | 0 |
| Dividend Yield | 1.0% | 2.3% | 2.0% | 2.7% | 224.6% | 282.2% | 6.5% | 1.0% | 0.0% | 0.0% | 0.0% | N/A | N/A |
| Share Buybacks | 250M | 100M | 1.7M | 18M | 0 | 0 | 14M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 7.6% | 4.6% | 0.0% | 1.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 37M | 47M | 32M | 32M | 26M | 25M | 25M | 19M | 16M | 16M | 17M | 23M | 24M |
| Debt Repayment | 47M | 27M | 494M | 382M | 878M | 455M | 1.4B | 187M | 183M | 298M | 1.2B | 903M | 903M |
| Balance Sheet | |||||||||||||
| Net Debt | 4.0B | 2.9B | 3.3B | 3.7B | 3.1B | 2.9B | 2.5B | 2.3B | 2.1B | 2.1B | 2.1B | 1.6B | 1.6B |
| Cash & Equiv. | 501M | 255M | 264M | 337M | 448M | 436M | 472M | 991M | 451M | 1.1B | 390M | 941M | 501M |
| Long-Term Debt | 4.3B | 3.7B | 3.6B | 4.0B | 3.6B | 3.3B | 3.0B | 3.3B | 2.5B | 2.5B | 2.5B | 2.1B | 2.1B |
| Debt/Equity | 0.93 | 0.73 | 1.10 | 1.40 | 1.31 | 1.70 | 2.61 | 5.56 | 6.97 | 9.71 | 18.77 | 4.29 | 3.72 |
| Interest Coverage | 4.5 | 1.7 | -0.6 | -0.6 | 0.3 | 0.4 | -0.8 | -0.5 | 0.2 | 2.3 | 2.0 | 2.2 | 2.2 |
| Equity | 4.9B | 4.3B | 3.2B | 2.9B | 2.7B | 2.0B | 1.2B | 591M | 369M | 327M | 135M | 591M | 569M |
| Total Assets | 11.9B | 9.5B | 8.2B | 8.4B | 7.9B | 6.8B | 5.5B | 5.5B | 4.7B | 5.3B | 4.5B | 4.8B | 4.4B |
| Total Liabilities | 6.9B | 5.2B | 4.9B | 5.3B | 4.7B | 4.3B | 3.8B | 4.1B | 3.5B | 4.0B | 3.3B | 3.4B | 2.9B |
| Intangibles | 174M | 167M | 167M | 173M | 184M | 28M | 28M | 28M | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 3.6B | 3.1B | 2.0B | 1.4B | 651M | -105M | -946M | -1.5B | -1.8B | -1.9B | -2.1B | -1.8B | -1.9B |
| Working Capital | 1.2B | 469M | 334M | 528M | 761M | 592M | 616M | 977M | 404M | 432M | 428M | 559M | 567M |
| Current Assets | 2.7B | 1.5B | 1.2B | 1.4B | 1.6B | 1.2B | 1.1B | 1.5B | 1.0B | 1.6B | 1000M | 1.6B | 1.2B |
| Current Liabilities | 1.6B | 1.0B | 822M | 919M | 832M | 657M | 515M | 525M | 596M | 1.2B | 572M | 993M | 585M |
| Per Share Data | |||||||||||||
| EPS | -114.00 | -64.50 | -182.00 | -95.00 | -4,980.50 | -5,269.50 | -118.69 | -76.58 | -40.52 | -5.49 | -22.37 | 17.39 | 12.80 |
| Owner EPS | 101.92 | -27.90 | -65.70 | -141.09 | -4,326.65 | -1,581.98 | -76.48 | -37.34 | -20.21 | -2.54 | -7.39 | 1.48 | -603.70 |
| Book Value | 834.38 | 741.22 | 573.89 | 505.88 | 20,591.69 | 14,509.10 | 166.60 | 77.67 | 41.46 | 35.69 | 14.67 | 41.53 | 35.65 |
| Cash Flow/Share | 302.89 | 148.25 | 94.01 | 10.90 | 2,483.74 | 5,009.21 | 50.61 | 56.38 | 56.31 | 69.69 | 63.20 | 48.74 | 659.86 |
| Dividends/Share | 10.05 | 12.00 | 12.00 | 12.00 | 600.00 | 362.82 | 3.26 | 0.97 | 0.01 | 0.02 | 0.01 | N/A | 0.00 |
| Shares Out. | 5.9M | 5.8M | 5.7M | 5.8M | 0.1M | 0.1M | 6.9M | 7.6M | 8.9M | 9.2M | 9.2M | 14.2M | 16.0M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.0 | 6.5 |
| P/FCF | N/A | N/A | 30.6 | N/A | N/A | 0.1 | 2.6 | 3.4 | 10.4 | 7.8 | 34.9 | N/A | 455.7 |
| EV/EBIT | 9.1 | 15.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 14.2 | 38.7 | 4.2 | 5.7 |
| Price/Book | 0.7 | 0.5 | 1.3 | 0.6 | 0.2 | 0.5 | 0.3 | 1.1 | 3.5 | 2.7 | 6.0 | 1.5 | 2.3 |
| Price/Sales | 0.8 | 0.8 | 1.2 | 1.0 | 0.6 | 0.3 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.2 | 0.4 |
| FCF Yield | -1.2% | -0.5% | 3.3% | -28.6% | -20.8% | 26.2% | 39.1% | 30.2% | 9.9% | 10.9% | 1.7% | -2.6% | 0.2% |
| Market Cap | 3.3B | 2.2B | 4.2B | 1.8B | 639M | 982M | 394M | 645M | 1.3B | 888M | 811M | 868M | 1.3B |
| Avg. Price | 958.07 | 532.73 | 457.57 | 448.88 | 295.60 | 128.57 | 50.17 | 93.40 | 137.35 | 117.06 | 76.25 | 41.15 | 83.37 |
| Year-End Price | 559.04 | 372.25 | 737.61 | 311.16 | 97.37 | 143.66 | 57.01 | 86.17 | 148.67 | 82.50 | 51.19 | 52.64 | 83.37 |
NABORS INDUSTRIES LTD passes 2 of 9 quality checks, indicating weak fundamentals.
NABORS INDUSTRIES LTD trades at 4.8x trailing earnings, compared to its 15-year median P/E of 3.0x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 8.5% with a gross margin of 54.4%. At current prices, the estimated annualized return to fair value is -15.5%.
NABORS INDUSTRIES LTD (NBR) has a net profit margin of 7.8%. This is a modest margin.
NABORS INDUSTRIES LTD (NBR) generated $-23 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
NABORS INDUSTRIES LTD (NBR) has a debt-to-equity ratio of 4.29. This indicates higher leverage, which may increase financial risk.
NABORS INDUSTRIES LTD (NBR) reported earnings per share (EPS) of $17.39 in its most recent fiscal year.
NABORS INDUSTRIES LTD (NBR) has a return on equity (ROE) of 68.2%. This indicates the company generates strong returns for shareholders.
NABORS INDUSTRIES LTD (NBR) has a 5-year average gross margin of 54.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for NABORS INDUSTRIES LTD (NBR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NABORS INDUSTRIES LTD (NBR) has a book value per share of $41.53, based on its most recent annual SEC filing.