NBR

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Nabors Industries Ltd.

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Key Metrics

Previous Close: $91.76
52-Week Range: $32.70 – $112.90
Market Cap: $1.36B
P/E (TTM): 6.20
EPS (TTM): 14.82
Dividend Yield: —

Advanced Metrics

Price/Book: 2.50
PEG Ratio: 2.90
Return on Equity: 22.31%
Return on Assets: 3.28%
Gross Margin: 38.42%
Operating Margin: 7.50%
Profit Margin: 7.69%
Current Ratio: 1.89
Debt/Equity: 1.48
Total Debt: $2.13B
Free Cash Flow: $134.17M
Revenue Growth: -2.20%
Earnings Growth: —
Enterprise Value: $3.87B

NBR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.65B	$3.01B	$2.93B	$3.18B
Cost of Revenue	$2.33B	$2.44B	$2.38B	$2.56B
Gross Profit	$322.69M	$570.31M	$554.31M	$621.08M
Research & Development	$49.94M	$56.30M	$57.06M	$53.06M
Selling, General & Admin	$228.43M	$244.15M	$249.32M	$304.59M
Operating Expenses	$278.37M	$300.44M	$306.38M	$357.65M
Operating Income	$44.32M	$269.86M	$247.93M	$263.43M
EBITDA	$597.28M	$959.70M	$813.23M	$1.40B
Pretax Income	-$245.68M	$129.12M	-$31.04M	$537.53M
Income Tax	$61.54M	$79.22M	$56.95M	$163.09M
Net Income	-$350.26M	-$11.78M	-$176.08M	$286.62M
Diluted EPS	-40.52	-5.49	-22.37	17.39
Diluted Shares	8.90M	9.16M	9.20M	14.42M

NBR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$451.02M	$1.06B	$389.65M	$940.71M
Receivables	$327.40M	$347.84M	$387.97M	$391.70M
Inventory	$127.95M	$147.80M	$129.98M	$94.79M
Current Assets	$1.00B	$1.65B	$999.54M	$1.55B
Total Assets	$4.73B	$5.28B	$4.50B	$4.79B
Current Liabilities	$596.39M	$1.21B	$571.92M	$993.00M
Long-Term Debt	$2.54B	$2.51B	$2.51B	$2.12B
Total Debt	$2.54B	$3.15B	$2.51B	$2.50B
Total Liabilities	$3.51B	$4.00B	$3.30B	$3.35B
Retained Earnings	-$1.84B	-$1.89B	-$2.09B	-$1.84B
Shareholders' Equity	$368.96M	$326.61M	$135.00M	$590.73M
Working Capital	$404.23M	$431.70M	$427.62M	$558.57M
Net Debt	$2.09B	$2.08B	$2.12B	$1.55B

NBR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$501.09M	$637.86M	$581.43M	$693.27M
Capital Expenditure	-$373.44M	-$540.85M	-$567.92M	-$715.95M
Free Cash Flow	$127.64M	$97.01M	$13.51M	-$22.68M
Depreciation & Amortisation	$665.07M	$645.29M	$633.41M	$649.23M
Stock-Based Compensation	$15.83M	$15.84M	$16.50M	$23.38M
Investing Cash Flow	-$368.71M	-$570.42M	-$555.46M	$97.09M
Financing Cash Flow	-$661.53M	$592.59M	-$662.05M	-$566.79M
Dividends Paid	-$65.00K	$0.00	$0.00	-$6.05M
Net Change in Cash	-$529.15M	$660.03M	-$636.08M	$223.57M

NBR Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$832.79M	$818.19M	$797.53M	$783.55M	—
Cost of Revenue	$663.94M	$652.17M	$645.55M	$649.65M	—
Gross Profit	$168.85M	$166.01M	$151.97M	$133.89M	—
Research & Development	$12.72M	$12.98M	$13.33M	$13.51M	—
Selling, General & Admin	$82.73M	$77.08M	$76.28M	$71.76M	—
Operating Expenses	$95.45M	$90.05M	$89.61M	$85.27M	—
Operating Income	$73.40M	$75.96M	$62.37M	$48.63M	—
EBITDA	$252.01M	$634.72M	$234.25M	$221.09M	—
Pretax Income	$20.87M	$420.04M	$24.43M	$21.15M	—
Income Tax	$23.08M	$117.57M	$7.44M	$16.88M	—
Net Income	-$30.91M	$274.20M	$10.35M	-$15.17M	—
Diluted EPS	-2.71	16.85	0.17	-1.54	-2.04
Diluted Shares	14.08M	15.32M	14.21M	14.21M	14.27M

NBR Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$396.47M	$387.32M	$428.05M	$940.71M	$500.81M
Receivables	$549.63M	$537.07M	$737.10M	$391.70M	$417.72M
Inventory	$117.05M	$107.48M	$108.30M	$94.79M	$90.16M
Current Assets	$1.20B	$1.20B	$1.42B	$1.55B	$1.15B
Total Assets	$5.05B	$5.04B	$4.83B	$4.79B	$4.39B
Current Liabilities	$667.64M	$669.45M	$680.21M	$993.00M	$585.22M
Long-Term Debt	$2.69B	$2.67B	$2.35B	$2.12B	$2.12B
Total Debt	$2.70B	$2.69B	$2.36B	$2.50B	$2.13B
Total Liabilities	$3.60B	$3.59B	$3.27B	$3.35B	$2.94B
Retained Earnings	-$2.07B	-$2.11B	-$1.84B	-$1.84B	-$1.86B
Shareholders' Equity	$342.66M	$307.98M	$579.78M	$590.73M	$568.94M
Working Capital	$531.17M	$527.45M	$744.21M	$558.57M	$567.39M
Net Debt	$2.29B	$2.29B	$1.92B	$1.55B	$1.62B

NBR Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$87.73M	$151.81M	$207.88M	$245.84M	$113.34M
Capital Expenditure	-$164.95M	-$178.91M	-$210.02M	-$162.06M	-$164.95M
Free Cash Flow	-$77.22M	-$27.10M	-$2.14M	$83.78M	-$51.62M
Depreciation & Amortisation	$154.64M	$175.06M	$160.35M	$159.19M	$156.19M
Stock-Based Compensation	$4.13M	$4.51M	$5.98M	$8.76M	$4.36M
Investing Cash Flow	-$74.92M	-$135.94M	$166.50M	$141.45M	-$169.50M
Financing Cash Flow	-$1.96M	-$19.39M	-$518.17M	-$27.27M	-$383.20M
Dividends Paid	$0.00	-$6.05M	$0.00	$0.00	—
Net Change in Cash	$10.86M	-$3.52M	-$143.79M	$360.02M	-$439.36M

Market Snapshot

About

Nabors Industries Ltd. provides oil and gas drilling services and technologies for land-based and offshore operations worldwide. The company operates one of the largest land drilling rig fleets with advanced automation and directional drilling capabilities. Nabors also offers drilling software, performance tools, and rig equipment manufacturing through its technology divisions.