What is Nabors Industries Ltd.'s earnings per share (EPS)?

Nabors Industries Ltd. (NBR) reported diluted earnings per share of $17.39 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Nabors Industries Ltd. (NBR) Financials

NBR

Trailing 12 months to June 30, 2026

Revenue $3.2B +6.1% YoY

Net Income $247.1M +330.0% YoY

EPS (Diluted) $13.12 +193.2% YoY

Free Cash Flow $61.6M +139.2% YoY

Market Cap $1.2B as of Oct 10, 2026

Price / Sales 0.4x on $3.2B revenue, trailing 12 months to June 30, 2026

Price / Earnings 5.0x on $247.1M net income, trailing 12 months to June 30, 2026

Price / Book 2.3x on $544.1M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NBR SEC filings page.

Nabors Industries Ltd. (NBR) reported $3.2B in revenue over the twelve months to Jun 30, 2026, up 6.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NBR FY2025 2026-10-03

2025 restored reported profitability, but heavy reinvestment still consumed cash while debt reduction materially repaired the balance sheet.

In 2025, operating cash flow of $693M was nearly absorbed by $716M of capital expenditures, leaving free cash flow negative. Because net income was $287M while free cash flow was -$23M, the reported earnings recovery did not translate into discretionary cash.

Debt-to-equity fell from 18.6x in FY2024 to 3.6x in FY2025, showing the balance sheet became materially less leveraged. That improvement coincided with liabilities falling to $3.4B while equity recovered, but a 1.6x current ratio shows short-term coverage remained bounded.

Revenue rose from $2.9B in FY2024 to $3.2B in FY2025, while operating profit moved from $417M to $471M. The modest margin lift from 14.2% to 14.8% suggests growth was accompanied by only limited operating leverage, rather than a major change in cost absorption.

Financial Health Signals

Financial Health Score 47/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Nabors Industries Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Nabors Industries Ltd. has an operating margin of 14.8%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 14.2% the prior year.

Growth

Nabors Industries Ltd.'s revenue grew 8.7% year-over-year to $3.2B, a solid pace of expansion. This earns a growth score of 51/100.

Leverage

Nabors Industries Ltd. has a moderate D/E ratio of 3.58. This balance of debt and equity financing earns a leverage score of 44/100.

Liquidity

Nabors Industries Ltd.'s current ratio of 1.56 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Nabors Industries Ltd. generated $693.3M in operating cash flow, capex of $715.9M consumed most of it, leaving -$22.7M in free cash flow. This results in a low score of 28/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Nabors Industries Ltd.'s ROE of 48.5% shows moderate profitability relative to equity, earning a score of 64/100. This is up from -130.4% the prior year.

Altman Z-Score Distress

0.81

Nabors Industries Ltd. scores 0.81, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Nabors Industries Ltd. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.42x

For every $1 of reported earnings, Nabors Industries Ltd. generates $2.42 in operating cash flow ($693.3M OCF vs $286.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.19x

Nabors Industries Ltd. earns $2.19 in operating income for every $1 of interest expense ($471.1M vs $215.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$814.8M

YoY-2.2%

QoQ+4.0%

5Y CAGR+10.7%

10Y CAGR+3.6%

Nabors Industries Ltd. generated $814.8M in revenue in Q2 2026. This represents a decrease of 2.2% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.

Net Income

-$22.3M

YoY+27.8%

QoQ-47.2%

Nabors Industries Ltd. reported -$22.3M in net income in Q2 2026. This represents an increase of 27.8% from the same quarter a year earlier. Against the prior quarter it is down 47.2%.

EPS (Diluted)

-$2.04

YoY+24.7%

QoQ-32.5%

Nabors Industries Ltd. earned -$2.04 per diluted share (EPS) in Q2 2026. This represents an increase of 24.7% from the same quarter a year earlier. Against the prior quarter it is down 32.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$9.6M

YoY+120.6%

QoQ+118.7%

5Y CAGR-29.9%

10Y CAGR-21.7%

Nabors Industries Ltd. generated $9.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 120.6% from the same quarter a year earlier. Against the prior quarter it is up 118.7%.

Cash & Debt

$509.8M

YoY+31.6%

QoQ+1.8%

5Y CAGR+5.0%

Nabors Industries Ltd. held $509.8M in cash against $2.1B in long-term debt as of Q2 2026.

Shares Outstanding

16M

YoY+9.5%

QoQ0.0%

5Y CAGR+14.1%

10Y CAGR-25.0%

Nabors Industries Ltd. had 16M shares outstanding in Q2 2026. This represents an increase of 9.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

13.6%

YoY-1.8pp

QoQ+1.4pp

5Y change+18.9pp

Nabors Industries Ltd.'s operating margin was 13.6% in Q2 2026, reflecting core business profitability. This is down 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Net Margin

-2.7%

YoY+1.0pp

QoQ-0.8pp

5Y change+37.3pp

10Y change+29.6pp

Nabors Industries Ltd.'s net profit margin was -2.7% in Q2 2026, showing the share of revenue converted to profit. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Return on Equity

-4.1%

YoY+5.9pp

QoQ-1.4pp

5Y change+19.8pp

10Y change+0.9pp

Nabors Industries Ltd.'s ROE was -4.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 5.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$14.2M

YoY+11.7%

QoQ+5.2%

5Y CAGR+12.3%

Nabors Industries Ltd. invested $14.2M in research and development in Q2 2026. This represents an increase of 11.7% from the same quarter a year earlier. Against the prior quarter it is up 5.2%.

Capital Expenditures

$125.6M

YoY-36.7%

QoQ-23.9%

5Y CAGR+10.3%

10Y CAGR+7.1%

Nabors Industries Ltd. invested $125.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 36.7% from the same quarter a year earlier. Against the prior quarter it is down 23.9%.

Share Buybacks

Not reported for Q2 2026.

NBR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NBR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$3.2B	$3.2B+8.7%	$2.9B-2.5%	$3.0B+13.3%	$2.7B+31.5%	$2.0B-5.5%	$2.1B-29.9%	$3.0B-0.5%	$3.1B+19.2%	$2.6B+15.1%	$2.2B-42.4%	$3.9B-43.2%	$6.8B+10.6%	$6.2B-10.1%	$6.8B+12.9%	$6.1B
Cost of Revenue	N/A	N/A	N/A	$1.8B+7.5%	$1.7B+29.5%	$1.3B-3.5%	$1.3B-30.9%	$1.9B-2.4%	$2.0B+15.1%	$1.7B+27.8%	$1.3B-43.3%	$2.4B-47.4%	$4.5B+13.1%	$4.0B-8.8%	$4.4B+15.7%	$3.8B
Gross Profit	N/A	N/A	N/A	$1.2B+23.1%	$987.8M+35.2%	$730.7M-8.8%	$801.0M-28.1%	$1.1B+3.1%	$1.1B+27.7%	$846.2M-4.2%	$883.5M-40.8%	$1.5B-35.1%	$2.3B+5.9%	$2.2B-12.3%	$2.5B+8.4%	$2.3B
R&D Expenses	$54.0M	$53.1M-7.0%	$57.1M+1.4%	$56.3M+12.7%	$49.9M+42.1%	$35.2M+4.7%	$33.6M-33.4%	$50.4M-10.3%	$56.1M+9.9%	$51.1M+52.1%	$33.6M-18.6%	$41.3M-17.0%	$49.7M+9.4%	$45.4M	N/A	N/A
SG&A Expenses	$296.5M	$304.6M+22.2%	$249.3M+2.1%	$244.1M+6.9%	$228.4M+7.0%	$213.6M+4.9%	$203.5M-21.3%	$258.7M-2.7%	$265.8M+5.8%	$251.2M+10.3%	$227.6M-29.8%	$324.3M-35.1%	$500.0M+4.2%	$479.9M-9.1%	$528.0M+7.8%	$489.9M
Operating Income	$447.1M	$471.1M+13.0%	$416.8M-3.9%	$433.7M+878.6%	$44.3M+154.9%	-$80.8M+52.9%	-$171.5M-292.3%	$89.1M+52.1%	$58.6M+141.3%	-$141.9M-19.9%	-$118.3M-137.3%	$316.8M-60.3%	$797.9M+42.9%	$558.2M-38.6%	$908.5M-2.0%	$927.0M
EBITDA	N/A	$1.1B+6.7%	$1.0B-2.7%	$1.1B+52.1%	$709.4M+15.8%	$612.6M-10.2%	$682.2M-29.3%	$965.2M+4.3%	$925.5M+32.0%	$701.0M-6.9%	$753.3M-41.5%	$1.3B-33.7%	$1.9B+18.1%	$1.6B-15.6%	$1.9B+5.3%	$1.9B
Interest Expense	$191.4M	$215.4M+2.1%	$210.9M+13.8%	$185.3M+4.2%	$177.9M+3.7%	$171.5M-16.9%	$206.3M+1.0%	$204.3M-10.0%	$227.1M+1.9%	$222.9M+20.2%	$185.4M+1.9%	$181.9M+2.2%	$177.9M-20.4%	$223.4M-11.3%	$251.9M-1.8%	$256.6M
Income Tax	$158.3M	$163.1M+186.4%	$56.9M-28.1%	$79.2M+28.7%	$61.5M+10.6%	$55.6M-2.9%	$57.3M-37.4%	$91.6M+15.5%	$79.3M+195.5%	-$83.0M+55.6%	-$186.8M-90.6%	-$98.0M-256.4%	$62.7M+213.6%	-$55.2M-234.6%	$41.0M-71.3%	$142.6M
Net Income	$247.1M	$286.6M+262.8%	-$176.1M-1394.3%	-$11.8M+96.6%	-$350.3M+38.9%	-$572.9M+28.9%	-$805.6M-14.6%	-$702.9M-9.7%	-$640.9M-17.2%	-$546.8M+46.9%	-$1.0B-176.3%	-$372.7M+44.4%	-$670.7M-579.1%	$140.0M-15.1%	$164.8M-32.4%	$243.7M
EPS (Basic)	N/A	$18.75+183.8%	-$22.37-307.5%	-$5.49+86.5%	-$40.52+47.1%	-$76.58+35.5%	-$118.69-12.6%	-$105.39-5.8%	-$99.61-5142.6%	-$1.90+47.8%	-$3.64-182.2%	-$1.29+43.4%	-$2.28-585.1%	$0.47-17.5%	$0.57+167.1%	-$0.85
EPS (Diluted)	$13.12	$17.39	-$22.37	-$5.49	-$40.52+47.1%	-$76.58+35.5%	-$118.69	-$105.39-5.8%	-$99.61	-$1.90+47.8%	-$3.64-182.2%	-$1.29+43.4%	-$2.28-585.1%	$0.47-16.1%	$0.56-32.5%	$0.83
Diluted Shares (Avg)	N/A	14M	9M	9M	9M+17.0%	8M+7.7%	7M	7M+5.1%	7M	281M+1.5%	276M-2.3%	283M-2.7%	291M-2.0%	297M+1.5%	292M-0.1%	292M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$814.8M-2.2%	$783.5M+6.4%	$797.5M+9.3%	$818.2M+11.8%	$832.8M+13.3%	$736.2M+0.3%	$729.8M+0.6%	$731.8M-0.3%
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$431.7M-3.6%
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$300.1M+4.8%
R&D Expenses	$14.2M+11.7%	$13.5M-3.8%	$13.3M-7.7%	$13.0M-9.9%	$12.7M-11.4%	$14.0M+1.2%	$14.4M+3.6%	$14.4M+2.8%
SG&A Expenses	$71.4M-13.7%	$71.8M+4.7%	$76.3M+24.2%	$77.1M+20.5%	$82.7M+33.1%	$68.5M+10.9%	$61.4M+7.8%	$64.0M+2.9%
Operating Income	$110.4M-13.7%	$95.4M-6.3%	$113.6M-40.1%	$127.8M+20.7%	$127.9M+120.9%	$101.8M+60.8%	$189.7M+78.8%	$105.9M+17.9%
Interest Expense	$42.7M-23.9%	$43.8M-19.4%	$50.6M-5.6%	$54.3M-1.8%	$56.1M+8.9%	$54.3M+7.8%	$53.6M+7.4%	$55.4M+25.7%
Income Tax	$16.4M-28.9%	$16.9M+12.5%	$7.4M-51.2%	$117.6M+1062.0%	$23.1M+48.4%	$15.0M-6.5%	$15.2M-20.9%	$10.1M-3.8%
Net Income	-$22.3M+27.8%	-$15.2M-146.0%	$10.3M+119.3%	$274.2M+591.2%	-$30.9M+4.2%	$33.0M+196.1%	-$53.7M-221.3%	-$55.8M-14.1%
EPS (Basic)	-$2.04+24.7%	-$1.54-165.5%	-$0.24+96.4%	$18.25+366.0%	-$2.71+36.8%	$2.35+151.8%	-$6.68-147.4%	-$6.86-9.6%
EPS (Diluted)	-$2.04+24.7%	-$1.54	-$0.15+97.8%	$16.85	-$2.71	$2.18	-$6.68-147.4%	-$6.86-9.6%
Diluted Shares (Avg)	14M+1.3%	14M	N/A	15M	14M	12M	N/A	9M+0.7%

Not reported in any period shown, so not listed: EBITDA.

NBR Balance Sheet

NBR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.8B+6.3%	$4.5B-14.7%	$5.3B+11.6%	$4.7B-14.4%	$5.5B+0.4%	$5.5B-18.6%	$6.8B-13.9%	$7.9B-6.5%	$8.4B+2.6%	$8.2B-14.2%	$9.5B-19.6%	$11.9B-2.4%	$12.2B-3.9%	$12.7B-2.0%	$12.9B
Current Assets	$1.6B+55.2%	$999.5M-39.3%	$1.6B+64.5%	$1.0B-33.4%	$1.5B+32.7%	$1.1B-9.4%	$1.2B-21.6%	$1.6B+10.1%	$1.4B+25.2%	$1.2B-21.7%	$1.5B-46.2%	$2.7B-0.4%	$2.8B-12.1%	$3.1B+1.4%	$3.1B
Cash & Equivalents	$940.7M+141.4%	$389.7M-63.2%	$1.1B+134.5%	$451.0M-54.5%	$991.5M+109.9%	$472.2M+8.3%	$436.0M-2.6%	$447.8M+32.9%	$337.0M+27.6%	$264.1M+3.8%	$254.5M-49.2%	$501.1M+28.5%	$389.9M-25.7%	$524.9M+31.7%	$398.6M
Short-Term Investments	$31K-99.6%	$7.6M-39.7%	$12.7M+883.8%	$1.3M+7488.2%	$17K-99.8%	$9.5M-42.4%	$16.5M-51.5%	$34.0M+20.0%	$28.4M-8.8%	$31.1M+55.1%	$20.1M-42.7%	$35.0M-70.1%	$117.2M-53.7%	$253.3M+79.7%	$140.9M
Inventory	$94.8M-27.1%	$130.0M-12.1%	$147.8M+15.5%	$127.9M+1.2%	$126.4M-21.3%	$160.6M-8.9%	$176.3M+6.5%	$165.6M-0.4%	$166.3M+60.5%	$103.6M-32.7%	$153.8M-33.1%	$230.1M+9.7%	$209.8M-16.5%	$251.1M-8.0%	$272.9M
Accounts Receivable	$391.7M+1.0%	$388.0M+11.5%	$347.8M+6.2%	$327.4M+13.8%	$287.6M-20.8%	$363.0M-19.9%	$453.0M-40.1%	$756.3M+8.3%	$698.5M+37.4%	$508.4M-35.2%	$784.7M-48.3%	$1.5B+8.4%	$1.4B+1.2%	$1.4B-12.3%	$1.6B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$2.8M-13.3%	$3.2M-24.2%	$4.3M-61.6%	$11.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$28.4M-84.6%	$183.9M+6.2%	$173.2M+3.8%	$166.9M+0.2%	$166.7M-4.2%	$173.9M-66.1%	$513.0M+8.6%	$472.3M-5.8%	$501.3M
Total Liabilities	$3.4B-23.3%	$4.4B+9.3%	$4.0B+13.7%	$3.5B-14.9%	$4.1B+8.6%	$3.8B-11.2%	$4.3B-8.8%	$4.7B-10.7%	$5.3B+6.6%	$4.9B-5.9%	$5.2B-24.5%	$6.9B+13.7%	$6.1B-7.8%	$6.6B-8.5%	$7.2B
Current Liabilities	$993.0M+73.6%	$571.9M-52.9%	$1.2B+103.6%	$596.4M+13.5%	$525.2M+1.9%	$515.5M-21.5%	$656.5M-21.1%	$832.1M-9.5%	$919.5M+11.9%	$821.9M-18.3%	$1.0B-35.8%	$1.6B+19.5%	$1.3B+15.8%	$1.1B-37.2%	$1.8B
Non-Current Liabilities	$2.4B-37.9%	$3.8B+36.5%	$2.8B-4.6%	$2.9B-19.1%	$3.6B+9.7%	$3.3B-9.4%	$3.6B-6.2%	$3.9B-10.9%	$4.3B+5.6%	$4.1B-3.0%	$4.2B-21.2%	$5.4B+12.1%	$4.8B-12.7%	$5.5B+1.1%	$5.4B
Long-Term Debt	$2.1B-15.5%	$2.5B-0.3%	$2.5B-1.0%	$2.5B-22.2%	$3.3B+9.9%	$3.0B-10.9%	$3.3B-7.0%	$3.6B-11.0%	$4.0B+12.6%	$3.6B-2.1%	$3.7B-15.6%	$4.3B+11.0%	$3.9B-10.9%	$4.4B+0.7%	$4.3B
Total Equity	$590.7M+337.6%	$135.0M-58.7%	$326.6M-11.5%	$369.0M-37.5%	$590.7M-48.7%	$1.2B-41.9%	$2.0B-26.6%	$2.7B-7.2%	$2.9B-10.3%	$3.2B-24.2%	$4.3B-12.8%	$4.9B-17.8%	$6.0B+0.4%	$5.9B+6.4%	$5.6B
Retained Earnings	-$1.8B+12.2%	-$2.1B-10.9%	-$1.9B-2.4%	-$1.8B-19.7%	-$1.5B-62.6%	-$946.1M-803.0%	-$104.8M-116.1%	$650.8M-54.3%	$1.4B-30.0%	$2.0B-35.1%	$3.1B-12.4%	$3.6B-17.0%	$4.3B+4.5%	$4.1B+4.2%	$4.0B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$4.4B-12.3%	$4.4B-13.0%	$4.8B+6.3%	$4.8B+6.1%	$5.0B+9.2%	$5.0B+8.5%	$4.5B-14.7%	$4.6B-3.7%
Current Assets	$1.2B0.0%	$1.2B-3.9%	$1.6B+55.2%	$1.4B+32.8%	$1.2B+11.1%	$1.2B+11.6%	$999.5M-39.3%	$1.1B+11.6%
Cash & Equivalents	$509.8M+31.6%	$500.8M+26.3%	$940.7M+141.4%	$428.1M-5.2%	$387.3M-16.9%	$396.5M-4.0%	$389.7M-63.2%	$451.6M+16.6%
Short-Term Investments	$51K+50.0%	$46K-99.4%	$31K-99.6%	$28K-99.6%	$34K-99.6%	$7.6M-39.8%	$7.6M-39.7%	$7.7M-60.1%
Inventory	$87.9M-18.3%	$90.2M-23.0%	$94.8M-27.1%	$108.3M-23.7%	$107.5M-27.3%	$117.0M-21.9%	$130.0M-12.1%	$141.9M-3.0%
Accounts Receivable	$443.4M-17.4%	$417.7M-24.0%	$391.7M+1.0%	$487.1M+26.6%	$537.1M+45.7%	$549.6M+31.8%	$388.0M+11.5%	$384.7M+18.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$3.9B-18.1%	$2.9B-37.3%	$3.4B-23.3%	$4.3B-2.5%	$4.7B+8.4%	$4.7B+7.7%	$4.4B+9.3%	$4.4B-0.4%
Current Liabilities	$633.6M-5.3%	$585.2M-12.3%	$993.0M+73.6%	$680.2M+19.0%	$669.4M+13.3%	$667.6M+10.8%	$571.9M-52.9%	$571.6M+8.1%
Non-Current Liabilities	$3.2B-20.2%	$2.4B-41.4%	$2.4B-37.9%	$3.6B-5.7%	$4.1B+7.6%	$4.0B+7.2%	$3.8B+36.5%	$3.8B-1.5%
Long-Term Debt	$2.1B-20.7%	$2.1B-21.1%	$2.1B-15.5%	$2.3B-6.2%	$2.7B+6.3%	$2.7B+6.9%	$2.5B-0.3%	$2.5B+0.1%
Total Equity	$544.1M+76.7%	$568.9M+66.0%	$590.7M+337.6%	$579.8M+203.0%	$308.0M+23.0%	$342.7M+19.7%	$135.0M-58.7%	$191.4M-45.0%
Retained Earnings	-$1.9B+10.4%	-$1.9B+10.1%	-$1.8B+12.2%	-$1.8B+9.4%	-$2.1B-7.0%	-$2.1B-7.2%	-$2.1B-10.9%	-$2.0B-9.1%

Not reported in any period shown, so not listed: Goodwill.

NBR Cash Flow Statement

NBR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$702.3M	$693.3M+19.2%	$581.4M-8.8%	$637.9M+27.3%	$501.1M+16.9%	$428.8M+22.6%	$349.8M-48.9%	$684.6M+110.1%	$325.8M+419.1%	$62.8M-88.2%	$531.9M-37.9%	$856.6M-51.9%	$1.8B+25.6%	$1.4B-9.2%	$1.6B+7.3%	$1.5B
Depreciation & Amortization	N/A	$648.8M+2.5%	$632.9M-1.9%	$645.3M-3.0%	$665.1M-4.1%	$693.4M-18.8%	$853.7M-2.6%	$876.1M+1.1%	$866.9M+2.8%	$842.9M-3.3%	$871.6M-10.2%	$970.5M-15.3%	$1.1B+5.4%	$1.1B+4.5%	$1.0B+12.5%	$924.1M
Stock-Based Compensation	N/A	$23.4M+41.7%	$16.5M+4.2%	$15.8M+0.1%	$15.8M-18.3%	$19.4M-21.4%	$24.6M-0.1%	$24.7M-6.6%	$26.4M-17.2%	$31.9M-0.3%	$32.0M-32.4%	$47.3M+27.2%	$37.2M-30.2%	$53.3M+190.8%	$18.3M-13.8%	$21.2M
Capital Expenditures	$640.7M	$715.9M+26.1%	$567.9M+5.0%	$540.9M+44.8%	$373.4M+59.6%	$234.0M+19.7%	$195.5M-54.3%	$427.7M-6.8%	$458.9M-20.1%	$574.5M+45.3%	$395.5M-54.4%	$867.1M-52.4%	$1.8B+54.6%	$1.2B-22.4%	$1.5B-25.7%	$2.0B
Free Cash Flow	$61.6M	-$22.7M-267.9%	$13.5M-86.1%	$97.0M-24.0%	$127.6M-34.5%	$194.7M+26.3%	$154.2M-39.9%	$256.8M+292.9%	-$133.2M+74.0%	-$511.7M-475.0%	$136.4M+1393.4%	-$10.6M+73.2%	-$39.4M-116.4%	$240.0M+444.5%	$44.1M+107.5%	-$586.1M
Investing Cash Flow	$15.6M	$97.1M+117.5%	-$555.5M+2.6%	-$570.4M-54.7%	-$368.7M-214.5%	-$117.2M+29.2%	-$165.5M+53.5%	-$355.9M+3.1%	-$367.1M+26.3%	-$497.9M-30.3%	-$382.2M-68.0%	-$227.4M+86.8%	-$1.7B-110.5%	-$815.5M+30.9%	-$1.2B+36.6%	-$1.9B
Financing Cash Flow	-$930.6M	-$566.8M+14.4%	-$662.0M-211.7%	$592.6M+189.6%	-$661.5M-235.4%	$488.4M+430.0%	-$148.0M+55.4%	-$331.6M-313.1%	$155.6M-69.6%	$512.2M+470.6%	-$138.2M+83.7%	-$849.9M-1316.8%	$69.8M+109.6%	-$729.6M-187.1%	-$254.1M-255.7%	$163.2M
Dividends Paid	N/A	N/A	$87K-55.2%	$194K+198.5%	$65K-99.1%	$7.4M-67.3%	$22.5M	N/A	N/A	$68.5M+34.5%	$50.9M-26.6%	$69.4M+17.3%	$59.1M+25.4%	$47.2M	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$18.1M+971.2%	$1.7M-98.3%	$99.6M-60.2%	$250.0M	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$135.2M-10.9%	$113.3M+29.2%	$245.8M+65.1%	$207.9M+44.7%	$151.8M-16.4%	$87.7M-18.2%	$148.9M-18.1%	$143.6M+7.6%
Stock-Based Compensation	N/A	$4.4M+5.5%	N/A	N/A	N/A	$4.1M-0.5%	N/A	N/A
Capital Expenditures	$125.6M-36.7%	$165.0M0.0%	$162.1M-22.1%	$188.1M+59.5%	$198.5M+43.6%	$165.0M+57.7%	$208.0M+55.1%	$117.9M-17.7%
Free Cash Flow	$9.6M+120.6%	-$51.6M+33.2%	$83.8M+241.7%	$19.8M-22.9%	-$46.7M-207.6%	-$77.2M-3056.2%	-$59.1M-223.8%	$25.7M+362.7%
Investing Cash Flow	-$122.8M+9.6%	-$169.5M-126.2%	$141.4M+169.9%	$166.5M+232.0%	-$135.9M-12.8%	-$74.9M+29.7%	-$202.2M-43.0%	-$126.1M+13.6%
Financing Cash Flow	-$1.9M+90.0%	-$383.2M-19470.9%	-$27.3M-97285.7%	-$518.2M-1917.6%	-$19.4M-1473.9%	-$2.0M+99.7%	-$28K-100.0%	-$25.7M-108.5%
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

Not reported in any period shown, so not listed: Depreciation & Amortization, Share Buybacks.

NBR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NBR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	40.4%+3.2pp	37.2%+1.0pp	36.2%-1.3pp	37.5%+0.9pp	36.6%+1.3pp	35.3%+2.3pp	33.0%-6.7pp	39.7%+1.0pp	38.6%+4.8pp	33.8%-1.5pp	35.3%-0.9pp	36.2%-1.5pp	37.7%
Operating Margin	14.8%+0.6pp	14.2%-0.2pp	14.4%+12.8pp	1.7%+5.7pp	-4.0%+4.0pp	-8.0%-11.0pp	2.9%+1.0pp	1.9%+7.5pp	-5.5%-0.2pp	-5.3%-13.5pp	8.2%-3.5pp	11.7%+2.7pp	9.1%-4.2pp	13.3%-2.0pp	15.3%
Net Margin	9.0%+15.0pp	-6.0%-5.6pp	-0.4%+12.8pp	-13.2%+15.2pp	-28.4%+9.4pp	-37.8%-14.6pp	-23.1%-2.1pp	-21.0%+0.4pp	-21.3%+24.9pp	-46.2%-36.6pp	-9.6%+0.2pp	-9.9%-12.1pp	2.3%-0.1pp	2.4%-1.6pp	4.0%
Return on Equity	48.5%+179.0pp	-130.4%-126.8pp	-3.6%+91.3pp	-94.9%+2.1pp	-97.0%-27.0pp	-70.0%-34.5pp	-35.4%-11.7pp	-23.7%-5.0pp	-18.8%+12.9pp	-31.7%-23.0pp	-8.7%+5.0pp	-13.7%-16.0pp	2.4%-0.4pp	2.8%-1.6pp	4.4%
Return on Assets	6.0%+9.9pp	-3.9%-3.7pp	-0.2%+7.2pp	-7.4%+3.0pp	-10.4%+4.3pp	-14.6%-4.2pp	-10.4%-2.2pp	-8.2%-1.7pp	-6.5%+6.1pp	-12.6%-8.7pp	-3.9%+1.7pp	-5.7%-6.8pp	1.1%-0.1pp	1.3%-0.6pp	1.9%
Current Ratio	1.56-0.2x	1.75+0.4x	1.36-0.3x	1.68-1.2x	2.86+0.7x	2.19+0.3x	1.900.0x	1.92+0.3x	1.57+0.2x	1.41-0.1x	1.47-0.3x	1.75-0.4x	2.10-0.7x	2.77+1.1x	1.71
Debt-to-Equity	3.58-15.0x	18.56+10.9x	7.69+0.8x	6.88+1.4x	5.52+2.9x	2.58+0.9x	1.68+0.4x	1.33-0.1x	1.38+0.3x	1.10+0.2x	0.850.0x	0.88+0.2x	0.65-0.1x	0.740.0x	0.78
Asset Turnover	0.660.0x	0.65+0.1x	0.570.0x	0.56+0.2x	0.370.0x	0.39-0.1x	0.45+0.1x	0.39+0.1x	0.310.0x	0.27-0.1x	0.41-0.2x	0.57+0.1x	0.510.0x	0.54+0.1x	0.47
FCF Margin	-0.7%-1.2pp	0.5%-2.8pp	3.2%-1.6pp	4.8%-4.8pp	9.7%+2.4pp	7.2%-1.2pp	8.4%+12.8pp	-4.4%+15.6pp	-20.0%-26.1pp	6.1%+6.4pp	-0.3%+0.3pp	-0.6%-4.5pp	3.9%+3.3pp	0.6%+10.3pp	-9.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	41.0%+2.0pp
Operating Margin	13.6%-1.8pp	12.2%-1.7pp	14.2%-11.8pp	15.6%+1.2pp	15.4%+7.5pp	13.8%+5.2pp	26.0%+11.4pp	14.5%+2.2pp
Net Margin	-2.7%+1.0pp	-1.9%-6.4pp	1.3%+8.6pp	33.5%+41.1pp	-3.7%+0.7pp	4.5%+9.2pp	-7.3%-5.0pp	-7.6%-1.0pp
Return on Equity	-4.1%+5.9pp	-2.7%-12.3pp	1.8%+41.5pp	47.3%+76.5pp	-10.0%+2.8pp	9.6%+21.6pp	-39.8%-34.6pp	-29.2%-15.1pp
Return on Assets	-0.5%+0.1pp	-0.4%-1.0pp	0.2%+1.4pp	5.7%+6.9pp	-0.6%+0.1pp	0.7%+1.4pp	-1.2%-0.9pp	-1.2%-0.2pp
Current Ratio	1.89+0.1x	1.97+0.2x	1.56-0.2x	2.09+0.2x	1.790.0x	1.800.0x	1.75+0.4x	1.88+0.1x
Debt-to-Equity	3.90-4.8x	3.72-4.1x	3.58-15.0x	4.05-9.0x	8.68-1.4x	7.84-0.9x	18.56+10.9x	13.08+5.9x
Asset Turnover	0.180.0x	0.180.0x	0.170.0x	0.170.0x	0.170.0x	0.150.0x	0.160.0x	0.160.0x
FCF Margin	1.2%+6.8pp	-6.6%+3.9pp	10.5%+18.6pp	2.4%-1.1pp	-5.6%-11.5pp	-10.5%-10.8pp	-8.1%-14.7pp	3.5%+4.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Nabors Industries Ltd. NBR	FY2025	$3.2B	$286.6M	9.0%	$1.2B	47/100
Borr Drilling Limited BORR	FY2025	$1.0B	$45.0M	4.4%	$1.5B	48/100
Transocean LTD. RIG	FY2025	$4.0B	-$2.9B	-73.5%	$6.2B	47/100
Patterson-UTI Energy Inc PTEN	FY2025	$4.8B	-$93.1M	-1.9%	$4.3B	49/100
Seadrill Limited SDRL	FY2025	$1.4B	-$77.0M	-5.4%	$2.9B	38/100

Where Nabors Industries Ltd. Ranks

Frequently Asked Questions

What is Nabors Industries Ltd.'s annual revenue?

Nabors Industries Ltd. (NBR) reported $3.2B in total revenue for fiscal year 2025. This represents a 8.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Nabors Industries Ltd.'s revenue growing?

Nabors Industries Ltd. (NBR) revenue grew by 8.7% year-over-year, from $2.9B to $3.2B in fiscal year 2025.

Is Nabors Industries Ltd. profitable?

Yes, Nabors Industries Ltd. (NBR) reported a net income of $286.6M in fiscal year 2025, with a net profit margin of 9.0%.

What is Nabors Industries Ltd.'s EBITDA?

Nabors Industries Ltd. (NBR) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Nabors Industries Ltd. have?

As of fiscal year 2025, Nabors Industries Ltd. (NBR) had $940.7M in cash and equivalents against $2.1B in long-term debt.

What is Nabors Industries Ltd.'s operating margin?

Nabors Industries Ltd. (NBR) had an operating margin of 14.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Nabors Industries Ltd.'s net profit margin?

Nabors Industries Ltd. (NBR) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Nabors Industries Ltd.'s return on equity (ROE)?

Nabors Industries Ltd. (NBR) has a return on equity of 48.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Nabors Industries Ltd.'s free cash flow?

Nabors Industries Ltd. (NBR) recorded an outflow of $22.7M in free cash flow during fiscal year 2025. This represents a -267.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Nabors Industries Ltd.'s operating cash flow?

Nabors Industries Ltd. (NBR) generated $693.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nabors Industries Ltd.'s total assets?

Nabors Industries Ltd. (NBR) had $4.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nabors Industries Ltd.'s capital expenditures?

Nabors Industries Ltd. (NBR) invested $715.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Nabors Industries Ltd. spend on research and development?

Nabors Industries Ltd. (NBR) invested $53.1M in research and development during fiscal year 2025.

How many shares does Nabors Industries Ltd. have outstanding?

Nabors Industries Ltd. (NBR) had 16M shares outstanding as of fiscal year 2025.

What is Nabors Industries Ltd.'s current ratio?

Nabors Industries Ltd. (NBR) had a current ratio of 1.56 as of fiscal year 2025, which is generally considered healthy.

What is Nabors Industries Ltd.'s debt-to-equity ratio?

Nabors Industries Ltd. (NBR) had a debt-to-equity ratio of 3.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nabors Industries Ltd.'s return on assets (ROA)?

Nabors Industries Ltd. (NBR) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Nabors Industries Ltd.'s P/E ratio?

Nabors Industries Ltd. (NBR) trades at 5.0x earnings, its market capitalization divided by net income of $247.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Nabors Industries Ltd.'s price-to-sales ratio?

Nabors Industries Ltd. (NBR) trades at 0.4x sales, its market capitalization divided by revenue of $3.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Nabors Industries Ltd.'s Altman Z-Score?

Nabors Industries Ltd. (NBR) has an Altman Z-Score of 0.81, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Nabors Industries Ltd.'s Piotroski F-Score?

Nabors Industries Ltd. (NBR) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nabors Industries Ltd.'s earnings high quality?

Nabors Industries Ltd. (NBR) has an earnings quality ratio of 2.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Nabors Industries Ltd. cover its interest payments?

Nabors Industries Ltd. (NBR) has an interest coverage ratio of 2.19x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Nabors Industries Ltd.?

Nabors Industries Ltd. (NBR) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.