What is Nabors Industrs's earnings per share (EPS)?

Nabors Industrs (NBRWF) reported diluted earnings per share of $17.39 for fiscal year 2025. This represents a 177.7% change compared to the previous fiscal year. 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 Industrs Financials

NBRWF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Nabors Industrs (NBRWF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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).

Financial Health Signals

Financial Profile 47/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Nabors Industrs 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 55/100, indicating healthy but not exceptional operating efficiency. This is up from 14.2% the prior year.

Growth

Nabors Industrs's revenue grew 8.7% year-over-year to $3.2B, a solid pace of expansion. This earns a growth score of 48/100.

Leverage

Nabors Industrs has elevated debt relative to equity (D/E of 3.58), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 29/100, reflecting increased financial risk.

Liquidity

Nabors Industrs's current ratio of 1.56 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 27/100, which could limit financial flexibility.

Cash Flow

While Nabors Industrs 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 23/100, reflecting heavy capital investment rather than weak cash generation.

Returns

100

Nabors Industrs earns a strong 48.5% return on equity (ROE), meaning it generates $49 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from -130.4% the prior year.

Piotroski F-Score Neutral

6/9

Nabors Industrs passes 6 of 9 financial strength tests. 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 Industrs 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

2.2x

Nabors Industrs earns $2.2 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

$3.2B

YoY+8.7%

5Y CAGR+8.3%

10Y CAGR-1.9%

Nabors Industrs generated $3.2B in revenue in fiscal year 2025. This represents an increase of 8.7% from the prior year.

EBITDA

$1.1B

YoY+6.7%

5Y CAGR+10.4%

10Y CAGR-1.4%

Nabors Industrs's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.7% from the prior year.

Net Income

$286.6M

YoY+262.8%

Nabors Industrs reported $286.6M in net income in fiscal year 2025. This represents an increase of 262.8% from the prior year.

EPS (Diluted)

$17.39

YoY+177.7%

Nabors Industrs earned $17.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 177.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$22.7M

YoY-267.9%

Nabors Industrs generated -$22.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 267.9% from the prior year.

Cash & Debt

$940.7M

YoY+141.4%

5Y CAGR+14.8%

10Y CAGR+14.0%

Nabors Industrs held $940.7M in cash against $2.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

16M

YoY+47.1%

Nabors Industrs had 16M shares outstanding in fiscal year 2025. This represents an increase of 47.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

14.8%

YoY+0.6pp

5Y CAGR+22.8pp

10Y CAGR+6.6pp

Nabors Industrs's operating margin was 14.8% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin

9.0%

YoY+15.0pp

5Y CAGR+46.8pp

10Y CAGR+18.6pp

Nabors Industrs's net profit margin was 9.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 15.0 percentage points from the prior year.

Return on Equity

48.5%

YoY+179.0pp

5Y CAGR+118.5pp

10Y CAGR+57.2pp

Nabors Industrs's ROE was 48.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 179.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$53.1M

YoY-7.0%

5Y CAGR+9.6%

10Y CAGR+2.5%

Nabors Industrs invested $53.1M in research and development in fiscal year 2025. This represents a decrease of 7.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$715.9M

YoY+26.1%

5Y CAGR+29.6%

10Y CAGR-1.9%

Nabors Industrs invested $715.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 26.1% from the prior year.

NBRWF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.2B+8.7%	$2.9B-2.5%	$3.0B+13.3%	$2.7B+31.5%	$2.0B-5.5%	$2.1B
Cost of Revenue	N/A	N/A	$1.8B+7.5%	$1.7B+29.5%	$1.3B-3.5%	$1.3B
Gross Profit	N/A	N/A	$1.2B+23.1%	$987.8M+35.2%	$730.7M-8.8%	$801.0M
R&D Expenses	$53.1M-7.0%	$57.1M+1.4%	$56.3M+12.7%	$49.9M+42.1%	$35.2M+4.7%	$33.6M
SG&A Expenses	$304.6M+22.2%	$249.3M+2.1%	$244.1M+6.9%	$228.4M+7.0%	$213.6M+4.9%	$203.5M
Operating Income	$471.1M+13.0%	$416.8M-3.9%	$433.7M+878.6%	$44.3M+154.9%	-$80.8M+52.9%	-$171.5M
Interest Expense	$215.4M+2.1%	$210.9M+13.8%	$185.3M+4.2%	$177.9M+3.7%	$171.5M-16.9%	$206.3M
Income Tax	$163.1M+186.4%	$56.9M-28.1%	$79.2M+28.7%	$61.5M+10.6%	$55.6M-2.9%	$57.3M
Net Income	$286.6M+262.8%	-$176.1M-1394.3%	-$11.8M+96.6%	-$350.3M+38.5%	-$569.3M+29.3%	-$805.6M
EPS (Diluted)	$17.39+177.7%	$-22.37-307.5%	$-5.49+86.5%	$-40.52+47.1%	$-76.58+35.5%	$-118.69

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$797.5M-2.5%	$818.2M-1.8%	$832.8M+13.1%	$736.2M+0.9%	$729.8M-0.3%	$731.8M-0.4%	$734.8M+0.1%	$733.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$431.7M-1.9%	$440.2M+0.7%	$437.1M
Gross Profit	N/A	N/A	N/A	N/A	N/A	$300.1M+1.9%	$294.6M-0.7%	$296.6M
R&D Expenses	$13.3M+2.7%	$13.0M+2.0%	$12.7M-9.4%	$14.0M-2.8%	$14.4M+0.2%	$14.4M+0.3%	$14.4M+3.6%	$13.9M
SG&A Expenses	$76.3M-1.0%	$77.1M-6.8%	$82.7M+20.8%	$68.5M+11.5%	$61.4M-4.0%	$64.0M+2.9%	$62.2M+0.7%	$61.8M
Operating Income	$218.2M+70.8%	$127.8M+74.1%	$73.4M+41.9%	$51.7M-72.7%	$189.7M+79.1%	$105.9M+82.8%	$57.9M-8.5%	$63.3M
Interest Expense	$50.6M-6.8%	$54.3M-3.1%	$56.1M+3.2%	$54.3M+1.3%	$53.6M-3.1%	$55.4M+7.5%	$51.5M+2.2%	$50.4M
Income Tax	$7.4M-93.7%	$117.6M+409.5%	$23.1M+53.8%	$15.0M-1.5%	$15.2M+50.5%	$10.1M-34.9%	$15.6M-3.1%	$16.0M
Net Income	$10.3M-96.2%	$274.2M+987.1%	-$30.9M-193.7%	$33.0M+161.5%	-$53.7M+3.9%	-$55.8M-73.1%	-$32.3M+6.1%	-$34.3M
EPS (Diluted)	N/A	$16.85+721.8%	$-2.71-224.3%	$2.18	N/A	$-6.86-59.9%	$-4.29+5.5%	$-4.54

NBRWF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.8B+6.3%	$4.5B-14.7%	$5.3B+11.6%	$4.7B-14.4%	$5.5B+0.4%	$5.5B
Current Assets	$1.6B+55.2%	$999.5M-39.3%	$1.6B+64.5%	$1.0B-33.4%	$1.5B+32.7%	$1.1B
Cash & Equivalents	$940.7M+141.4%	$389.7M-63.2%	$1.1B+134.5%	$451.0M-54.5%	$991.5M+109.9%	$472.2M
Inventory	$94.8M-27.1%	$130.0M-12.1%	$147.8M+15.5%	$127.9M+1.2%	$126.4M-21.3%	$160.6M
Accounts Receivable	$391.7M+1.0%	$388.0M+11.5%	$347.8M+6.2%	$327.4M+13.8%	$287.6M-20.8%	$363.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.4B-23.3%	$4.4B+9.3%	$4.0B+13.7%	$3.5B-14.9%	$4.1B+8.6%	$3.8B
Current Liabilities	$993.0M+73.6%	$571.9M-52.9%	$1.2B+103.6%	$596.4M+13.5%	$525.2M+1.9%	$515.5M
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
Total Equity	$590.7M+337.6%	$135.0M-58.7%	$326.6M-11.5%	$369.0M-37.5%	$590.7M-48.7%	$1.2B
Retained Earnings	-$1.8B+12.2%	-$2.1B-10.9%	-$1.9B-2.4%	-$1.8B-19.7%	-$1.5B-62.6%	-$946.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.8B-0.9%	$4.8B-4.1%	$5.0B0.0%	$5.0B+11.9%	$4.5B-1.1%	$4.6B-1.3%	$4.6B-0.6%	$4.6B
Current Assets	$1.6B+8.9%	$1.4B+19.0%	$1.2B-0.2%	$1.2B+19.9%	$999.5M-6.8%	$1.1B-0.5%	$1.1B+0.3%	$1.1B
Cash & Equivalents	$940.7M+119.8%	$428.1M+10.5%	$387.3M-2.3%	$396.5M+1.7%	$389.7M-13.7%	$451.6M-3.1%	$466.0M+12.9%	$412.9M
Inventory	$94.8M-12.5%	$108.3M+0.8%	$107.5M-8.2%	$117.0M-9.9%	$130.0M-8.4%	$141.9M-4.0%	$147.8M-1.4%	$149.8M
Accounts Receivable	$391.7M-19.6%	$487.1M-9.3%	$537.1M-2.3%	$549.6M+41.7%	$388.0M+0.8%	$384.7M+4.4%	$368.6M-11.6%	$416.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.4B-21.2%	$4.3B-10.1%	$4.7B+0.7%	$4.7B+7.5%	$4.4B+0.2%	$4.4B-0.1%	$4.4B+0.2%	$4.4B
Current Liabilities	$993.0M+46.0%	$680.2M+1.6%	$669.4M+0.3%	$667.6M+16.7%	$571.9M+0.1%	$571.6M-3.3%	$590.9M-1.9%	$602.4M
Long-Term Debt	$2.1B-9.8%	$2.3B-12.2%	$2.7B-0.5%	$2.7B+7.2%	$2.5B+0.1%	$2.5B-0.4%	$2.5B+0.1%	$2.5B
Total Equity	$590.7M+1.9%	$579.8M+88.2%	$308.0M-10.1%	$342.7M+153.8%	$135.0M-29.5%	$191.4M-23.6%	$250.4M-12.6%	$286.3M
Retained Earnings	-$1.8B+0.1%	-$1.8B+12.6%	-$2.1B-1.9%	-$2.1B+1.2%	-$2.1B-3.0%	-$2.0B-3.2%	-$2.0B-2.1%	-$1.9B

NBRWF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$693.3M+19.2%	$581.4M-8.8%	$637.9M+27.3%	$501.1M+16.9%	$428.8M+22.6%	$349.8M
Capital Expenditures	$715.9M+26.1%	$567.9M+5.0%	$540.9M+44.8%	$373.4M+59.6%	$234.0M+19.7%	$195.5M
Free Cash Flow	-$22.7M-267.9%	$13.5M-86.1%	$97.0M-24.0%	$127.6M-34.5%	$194.7M+26.3%	$154.2M
Investing Cash Flow	$97.1M+117.5%	-$555.5M+2.6%	-$570.4M-54.7%	-$368.7M-214.5%	-$117.2M+29.2%	-$165.5M
Financing Cash Flow	-$566.8M+14.4%	-$662.0M-211.7%	$592.6M+189.6%	-$661.5M-235.4%	$488.4M+430.0%	-$148.0M
Dividends Paid	N/A	$87K-55.2%	$194K+198.5%	$65K-99.1%	$7.4M-67.3%	$22.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$245.8M+18.3%	$207.9M+36.9%	$151.8M+73.0%	$87.7M-41.1%	$148.9M+3.7%	$143.6M-20.9%	$181.7M+69.4%	$107.2M
Capital Expenditures	$162.1M-13.8%	$188.1M-5.3%	$198.5M+20.4%	$165.0M-20.7%	$208.0M+76.4%	$117.9M-14.7%	$138.3M+32.1%	$104.6M
Free Cash Flow	$83.8M+322.6%	$19.8M+142.4%	-$46.7M+39.5%	-$77.2M-30.6%	-$59.1M-330.0%	$25.7M-40.8%	$43.4M+1561.9%	$2.6M
Investing Cash Flow	$141.4M-15.0%	$166.5M+222.5%	-$135.9M-81.5%	-$74.9M+63.0%	-$202.2M-60.4%	-$126.1M-4.7%	-$120.5M-13.0%	-$106.6M
Financing Cash Flow	-$27.3M+94.7%	-$518.2M-2572.4%	-$19.4M-890.3%	-$2.0M-6892.9%	-$28K+99.9%	-$25.7M-1984.7%	-$1.2M+99.8%	-$635.1M
Dividends Paid	N/A	N/A	N/A	N/A	$0	$0	$0-100.0%	$87K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NBRWF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	40.4%+3.2pp	37.2%+1.0pp	36.2%-1.3pp	37.5%
Operating Margin	14.8%+0.6pp	14.2%-0.2pp	14.4%+12.8pp	1.7%+5.7pp	-4.0%+4.0pp	-8.0%
Net Margin	9.0%+15.0pp	-6.0%-5.6pp	-0.4%+12.8pp	-13.2%+15.0pp	-28.2%+9.5pp	-37.8%
Return on Equity	48.5%+179.0pp	-130.4%-126.8pp	-3.6%+91.3pp	-94.9%+1.4pp	-96.4%-26.4pp	-70.0%
Return on Assets	6.0%+9.9pp	-3.9%-3.7pp	-0.2%+7.2pp	-7.4%+2.9pp	-10.3%+4.3pp	-14.6%
Current Ratio	1.56-0.2	1.75+0.4	1.36-0.3	1.68-1.2	2.86+0.7	2.19
Debt-to-Equity	3.58-15.0	18.56+10.9	7.69+0.8	6.88+1.4	5.52+2.9	2.58
FCF Margin	-0.7%-1.2pp	0.5%-2.8pp	3.2%-1.6pp	4.8%-4.8pp	9.7%+2.4pp	7.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	41.0%+0.9pp	40.1%-0.3pp	40.4%
Operating Margin	27.4%+11.7pp	15.6%+6.8pp	8.8%+1.8pp	7.0%-19.0pp	26.0%+11.5pp	14.5%+6.6pp	7.9%-0.8pp	8.6%
Net Margin	1.3%-32.2pp	33.5%+37.2pp	-3.7%-8.2pp	4.5%+11.8pp	-7.3%+0.3pp	-7.6%-3.2pp	-4.4%+0.3pp	-4.7%
Return on Equity	1.8%-45.5pp	47.3%+57.3pp	-10.0%-19.7pp	9.6%+49.4pp	-39.8%-10.6pp	-29.2%-16.3pp	-12.9%-0.9pp	-12.0%
Return on Assets	0.2%-5.5pp	5.7%+6.3pp	-0.6%-1.3pp	0.7%+1.8pp	-1.2%+0.0pp	-1.2%-0.5pp	-0.7%+0.0pp	-0.7%
Current Ratio	1.56-0.5	2.09+0.3	1.790.0	1.80+0.0	1.75-0.1	1.88+0.1	1.82+0.0	1.78
Debt-to-Equity	3.58-0.5	4.05-4.6	8.68+0.8	7.84-10.7	18.56+5.5	13.08+3.0	10.04+1.3	8.77
FCF Margin	10.5%+8.1pp	2.4%+8.0pp	-5.6%+4.9pp	-10.5%-2.4pp	-8.1%-11.6pp	3.5%-2.4pp	5.9%+5.5pp	0.4%

Frequently Asked Questions

What is Nabors Industrs's annual revenue?

Nabors Industrs (NBRWF) 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 Industrs's revenue growing?

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

Is Nabors Industrs profitable?

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

What is Nabors Industrs's EBITDA?

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

How much debt does Nabors Industrs have?

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

What is Nabors Industrs's operating margin?

Nabors Industrs (NBRWF) 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 Industrs's net profit margin?

Nabors Industrs (NBRWF) 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 Industrs's return on equity (ROE)?

Nabors Industrs (NBRWF) 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 Industrs's free cash flow?

Nabors Industrs (NBRWF) generated -$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 Industrs's operating cash flow?

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

What are Nabors Industrs's total assets?

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

What are Nabors Industrs's capital expenditures?

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

How much does Nabors Industrs spend on research and development?

Nabors Industrs (NBRWF) invested $53.1M in research and development during fiscal year 2025.

How many shares does Nabors Industrs have outstanding?

Nabors Industrs (NBRWF) had 16M shares outstanding as of fiscal year 2025.

What is Nabors Industrs's current ratio?

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

What is Nabors Industrs's debt-to-equity ratio?

Nabors Industrs (NBRWF) 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 Industrs's return on assets (ROA)?

Nabors Industrs (NBRWF) 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 Industrs's Piotroski F-Score?

Nabors Industrs (NBRWF) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nabors Industrs's earnings high quality?

Nabors Industrs (NBRWF) 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 Industrs cover its interest payments?

Nabors Industrs (NBRWF) has an interest coverage ratio of 2.2x, 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 Industrs?

Nabors Industrs (NBRWF) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.