Nabors Industries Ltd (NBR)
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure that integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
- Symbol
- NBR
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Market cap
- $1.19B
- 52 week range
- 36.66 - 112.9
Valuation
- Share price
- $83.02 (close of 2026-09-23)
- P/E (TTM)
- 5.37x
- Price to book
- 1.26x
- Price to free cash flow
- 30.03x
- Enterprise value
- $2.81B
- Book value per share
- $66.28
Price performance
| Period | Change |
|---|
| 1 day | -1.08% |
| 5 days | -7.03% |
| 1 month | -10.16% |
| 3 months | -4.03% |
| 6 months | -2.32% |
| Year to date | +52.89% |
| 1 year | +103.18% |
| 3 years | -32.46% |
| 5 years | -4.45% |
| 10 years | -83.40% |
| All time | +26.50% |
Profitability and growth
- Return on equity
- 30.01%
- Return on invested capital
- 12.23%
- Return on assets
- 5.98%
- Return on capital employed
- 12.41%
- Gross margin
- 39.89%
- Net margin
- 9.00%
- EBITDA margin
- 35.16%
- Revenue growth
- 8.69%
- Net income growth
- 262.78%
- Free cash flow growth
- -267.85%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.33%
- Current ratio
- 1.89x
- Net debt to EBITDA
- 1.24x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $3.18B
- Cost of revenue
- $1.91B
- Gross profit
- $1.27B
- EBITDA
- $1.12B
- Net income
- $286.62M
- Earnings per share
- $18.75
- Research and development
- $53.06M
- Shares outstanding
- 13.19M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $3.18B | $1.27B | $286.62M | $18.75 |
| 2024-12-31 | $2.93B | $1.19B | $-176.08M | $-22.37 |
| 2023-12-31 | $3.01B | $1.22B | $-11.78M | $-5.49 |
| 2022-12-31 | $2.65B | $987.76M | $-350.26M | $-40.52 |
| 2021-12-31 | $2.02B | $730.65M | $-569.27M | $-76.58 |
| 2020-12-31 | $2.13B | $800.97M | $-805.64M | $-118.69 |
| 2019-12-31 | $3.04B | $1.11B | $-702.88M | $-105.39 |
| 2018-12-31 | $3.06B | $1.08B | $-640.95M | $-99.61 |
| 2017-12-31 | $2.56B | $846.22M | $-546.81M | $-95.00 |
| 2016-12-31 | $2.23B | $883.54M | $-1.03B | $-182.00 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 39.89% | 9.00% | 30.01% | 12.23% |
| 2024-12-31 | 40.53% | -6.01% | -41.80% | 14.19% |
| 2023-12-31 | 40.44% | -0.39% | -2.17% | 13.54% |
| 2022-12-31 | 37.22% | -13.20% | -65.25% | 0.84% |
| 2021-12-31 | 36.21% | -28.22% | -79.18% | -2.68% |
| 2020-12-31 | 37.53% | -37.75% | -64.10% | -4.54% |
| 2019-12-31 | 36.61% | -23.10% | -34.28% | 0.90% |
| 2018-12-31 | 35.34% | -20.96% | -23.30% | 0.50% |
| 2017-12-31 | 33.00% | -21.32% | -18.61% | -1.08% |
| 2016-12-31 | 39.66% | -46.22% | -31.64% | -0.90% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $940.74M | $2.12B |
| 2024-12-31 | $397.30M | $2.51B |
| 2023-12-31 | $1.07B | $2.51B |
| 2022-12-31 | $452.31M | $2.54B |
| 2021-12-31 | $991.49M | $3.26B |
| 2020-12-31 | $481.75M | $2.97B |
| 2019-12-31 | $452.50M | $3.33B |
| 2018-12-31 | $481.80M | $3.59B |
| 2017-12-31 | $365.37M | $4.03B |
| 2016-12-31 | $295.20M | $3.58B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-22.68M | $23.38M |
| 2024-12-31 | $13.51M | $16.50M |
| 2023-12-31 | $97.01M | $15.84M |
| 2022-12-31 | $127.64M | $15.83M |
| 2021-12-31 | $194.74M | $19.36M |
| 2020-12-31 | $154.24M | $24.64M |
| 2019-12-31 | $256.82M | $24.66M |
| 2018-12-31 | $-133.16M | $26.40M |
| 2017-12-31 | $-511.71M | $31.90M |
| 2016-12-31 | $136.45M | $32.00M |
Dividend history
- Most recent payment
- 2020-03-11
| Payment date | Dividend per share |
|---|
| 2020-03-11 | $0.50 |
| 2019-12-12 | $0.50 |
| 2019-09-10 | $0.50 |
| 2018-12-12 | $3.00 |
| 2018-09-10 | $3.00 |
| 2018-06-11 | $3.00 |
| 2018-03-12 | $3.00 |
| 2017-12-12 | $3.00 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-28 | Jun/2026 | - |
| 2026-04-28 | - | - |
| 2026-02-11 | - | - |
| 2025-10-28 | - | - |
| 2025-07-29 | - | - |
| 2025-04-29 | - | - |
| 2025-02-12 | - | - |
| 2024-10-22 | - | - |
Filings and sources
- Company website
- nabors.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
ConocoPhillips (COP) · Occidental Petroleum Corp (OXY) · Devon Energy Corp (DVN) · EQT Corp (EQT) · APA Corp (APA) · SLB Limited (SLB) · Baker Hughes Co (BKR) · Halliburton Co (HAL)
All Energy companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades