STOCK TITAN

NABORS INDUSTRIES WT 26 (NBRWF) Financials

NBRWF
Trailing 12 months to March 31, 2026
Revenue $3.2B +10.2% YoY
Net Income $238.5M +319.3% YoY
EPS (Diluted) $17.39 FY2025 annual
Free Cash Flow $5.3M +107.8% YoY
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 1, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NBRWF SEC filings page.

NABORS INDUSTRIES WT 26 (NBRWF) reported $3.2B in revenue over the twelve months to Mar 31, 2026, up 10.2% 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 NBRWF FY2025

Accounting profitability returned, but heavy reinvestment still defines the business’s cash economics.

In FY2025, net income reached $286.6M while operating cash flow reached $693.3M, showing that reported earnings were accompanied by substantial cash generation. Yet capital expenditures of $715.9M drove free cash flow to -$22.7M, so reinvestment absorbed essentially all operating cash rather than leaving a surplus.

Balance-sheet repair was a major part of the FY2025 improvement: debt-to-equity fell from 18.6x in FY2024 to 3.6x, indicating lower leverage relative to the company’s equity base. Total liabilities declined from $4.37B to $3.35B while equity expanded from $135.0M to $590.7M.

Revenue increased 8.7% in FY2025, but operating margin moved only from 14.2% to 14.8%, suggesting that additional scale produced limited operating-efficiency improvement. Meanwhile, SG&A rose from $249.3M to $304.6M and shares outstanding climbed 47.2%, making the recovery a combination of operations and capital-structure change rather than pure operating leverage.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

NABORS INDUSTRIES WT 26 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
6/8

NABORS INDUSTRIES WT 26 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 WT 26 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 WT 26 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

Export CSV

Earnings & Revenue

Revenue
$783.5M
YoY+6.4%
QoQ-1.8%
5Y CAGR+11.2%
10Y CAGR+2.7%

NABORS INDUSTRIES WT 26 generated $783.5M in revenue in Q1 2026. This represents an increase of 6.4% from the same quarter a year earlier. Against the prior quarter it is down 1.8%.

Net Income
-$15.2M
YoY-146.0%
QoQ-246.6%

NABORS INDUSTRIES WT 26 reported -$15.2M in net income in Q1 2026. This represents a decrease of 146.0% from the same quarter a year earlier. Against the prior quarter it is down 246.6%.

EPS (Diluted)
-$1.54

NABORS INDUSTRIES WT 26 earned -$1.54 per diluted share (EPS) in Q1 2026.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Free Cash Flow
-$51.6M
YoY+33.2%
QoQ-161.6%

NABORS INDUSTRIES WT 26 recorded an outflow of $51.6M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents an increase of 33.2% from the same quarter a year earlier. Against the prior quarter it is down 161.6%.

Cash & Debt
$500.8M
YoY+26.3%
QoQ-46.8%
5Y CAGR+3.7%

NABORS INDUSTRIES WT 26 held $500.8M in cash against $2.1B in long-term debt as of Q1 2026.

Shares Outstanding
16M
QoQ+0.8%
5Y CAGR+16.6%

NABORS INDUSTRIES WT 26 had 16M shares outstanding in Q1 2026. Against the prior quarter it is up 0.8%.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Operating Margin
12.2%
YoY-1.7pp
QoQ-8.9pp
5Y change+20.0pp

NABORS INDUSTRIES WT 26's operating margin was 12.2% in Q1 2026, reflecting core business profitability. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.9 percentage points.

Net Margin
-1.9%
YoY-6.4pp
QoQ-3.2pp
5Y change+27.8pp
10Y change+64.7pp

NABORS INDUSTRIES WT 26's net profit margin was -1.9% in Q1 2026, showing the share of revenue converted to profit. This is down 6.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.2 percentage points.

Return on Equity
-2.7%
YoY-12.3pp
QoQ-4.4pp
5Y change+10.8pp
10Y change+7.5pp

NABORS INDUSTRIES WT 26's ROE was -2.7% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 12.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.4 percentage points.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

R&D Spending
$13.5M
YoY-3.8%
QoQ+1.3%
5Y CAGR+12.6%

NABORS INDUSTRIES WT 26 invested $13.5M in research and development in Q1 2026. This represents a decrease of 3.8% from the same quarter a year earlier. Against the prior quarter it is up 1.3%.

Capital Expenditures
$165.0M
YoY0.0%
QoQ+1.8%
5Y CAGR+32.2%
10Y CAGR+2.4%

NABORS INDUSTRIES WT 26 invested $165.0M in capex in Q1 2026, funding long-term assets and infrastructure. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 1.8%.

Share Buybacks

Not reported for Q1 2026.

NBRWF 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.

NBRWF quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Revenue$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%$734.8M-4.2%
Cost of RevenueN/AN/AN/AN/AN/AN/A$431.7M-3.6%$440.2M-3.4%
Gross ProfitN/AN/AN/AN/AN/AN/A$300.1M+4.8%$294.6M-5.4%
R&D Expenses$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%$14.4M+8.1%
SG&A Expenses$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%$62.2M-1.7%
Operating Income$95.4M-6.3%$168.1M-11.4%$127.8M+20.7%$73.4M+26.7%$101.8M+60.8%$189.7M+78.8%$105.9M+17.9%$57.9M-51.4%
Interest Expense$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%$51.5M+11.5%
Income Tax$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%$15.6M-41.2%
Net Income-$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%-$32.3M-799.5%
EPS (Basic)-$1.54-165.5%N/A$18.25+366.0%-$2.71+36.8%$2.35+151.8%N/A-$6.86-9.6%-$4.29-1283.9%
EPS (Diluted)-$1.54N/A$16.85-$2.71$2.18N/A-$6.86-9.6%-$4.29-1283.9%
Diluted Shares (Avg)14MN/A15M14M12MN/A9M+0.7%9M+0.1%

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

NBRWF Balance Sheet

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.

NBRWF quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$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%$4.6B+3.4%
Current Assets$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%$1.1B+10.2%
Cash & Equivalents$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%$466.0M+12.7%
Inventory$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%$147.8M-2.9%
Accounts Receivable$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%$368.6M+23.9%
Total Liabilities$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%$4.4B+30.0%
Current Liabilities$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%$590.9M+8.6%
Non-Current Liabilities$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%$3.8B+34.2%
Long-Term Debt$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%$2.5B+0.4%
Total Equity$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%$250.4M-37.8%
Retained Earnings-$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%-$2.0B-8.7%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.

NBRWF Cash Flow 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.

NBRWF quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Cash Flow$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%$181.7M+7.8%
Stock-Based Compensation$4.4M+5.5%N/AN/AN/A$4.1M-0.5%N/AN/AN/A
Capital Expenditures$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%$138.3M-4.5%
Free Cash Flow-$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%$43.4M+83.0%
Investing Cash Flow-$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%-$120.5M+22.2%
Financing Cash Flow-$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%-$1.2M+99.5%
Dividends PaidN/AN/AN/AN/AN/A$0$0$0

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

NBRWF 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.

NBRWF quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Gross MarginN/AN/AN/AN/AN/AN/A41.0%+2.0pp40.1%-0.5pp
Operating Margin12.2%-1.7pp21.1%-4.9pp15.6%+1.2pp8.8%+0.9pp13.8%+5.2pp26.0%+11.4pp14.5%+2.2pp7.9%-7.7pp
Net Margin-1.9%-6.4pp1.3%+8.6pp33.5%+41.1pp-3.7%+0.7pp4.5%+9.2pp-7.3%-5.0pp-7.6%-1.0pp-4.4%-5.0pp
Return on Equity-2.7%-12.3pp1.8%+41.5pp47.3%+76.5pp-10.0%+2.8pp9.6%+21.6pp-39.8%-34.6pp-29.2%-15.1pp-12.9%-14.0pp
Return on Assets-0.4%-1.0pp0.2%+1.4pp5.7%+6.9pp-0.6%+0.1pp0.7%+1.4pp-1.2%-0.9pp-1.2%-0.2pp-0.7%-0.8pp
Current Ratio1.97+0.2x1.56-0.2x2.09+0.2x1.790.0x1.800.0x1.75+0.4x1.88+0.1x1.820.0x
Debt-to-Equity3.72-4.1x3.58-15.0x4.05-9.0x8.68-1.4x7.84-0.9x18.56+10.9x13.08+5.9x10.04+3.8x
Asset Turnover0.180.0x0.170.0x0.170.0x0.170.0x0.150.0x0.160.0x0.160.0x0.160.0x
FCF Margin-6.6%+3.9pp10.5%+18.6pp2.4%-1.1pp-5.6%-11.5pp-10.5%-10.8pp-8.1%-14.7pp3.5%+4.8pp5.9%+2.8pp

Frequently Asked Questions

What is NABORS INDUSTRIES WT 26's annual revenue?

NABORS INDUSTRIES WT 26 (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 INDUSTRIES WT 26's revenue growing?

NABORS INDUSTRIES WT 26 (NBRWF) revenue grew by 8.7% year-over-year, from $2.9B to $3.2B in fiscal year 2025.

Is NABORS INDUSTRIES WT 26 profitable?

Yes, NABORS INDUSTRIES WT 26 (NBRWF) reported a net income of $286.6M in fiscal year 2025, with a net profit margin of 9.0%.

NABORS INDUSTRIES WT 26 (NBRWF) 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 WT 26 (NBRWF) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, NABORS INDUSTRIES WT 26 (NBRWF) had $940.7M in cash and equivalents against $2.1B in long-term debt.

NABORS INDUSTRIES WT 26 (NBRWF) had an operating margin of 14.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

NABORS INDUSTRIES WT 26 (NBRWF) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

NABORS INDUSTRIES WT 26 (NBRWF) has a return on equity of 48.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

NABORS INDUSTRIES WT 26 (NBRWF) 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.

NABORS INDUSTRIES WT 26 (NBRWF) generated $693.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

NABORS INDUSTRIES WT 26 (NBRWF) had $4.8B in total assets as of fiscal year 2025, including both current and long-term assets.

NABORS INDUSTRIES WT 26 (NBRWF) invested $715.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

NABORS INDUSTRIES WT 26 (NBRWF) invested $53.1M in research and development during fiscal year 2025.

NABORS INDUSTRIES WT 26 (NBRWF) had 16M shares outstanding as of fiscal year 2025.

NABORS INDUSTRIES WT 26 (NBRWF) had a current ratio of 1.56 as of fiscal year 2025, which is generally considered healthy.

NABORS INDUSTRIES WT 26 (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.

NABORS INDUSTRIES WT 26 (NBRWF) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

NABORS INDUSTRIES WT 26 (NBRWF) 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.

NABORS INDUSTRIES WT 26 (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.

NABORS INDUSTRIES WT 26 (NBRWF) 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.

Back to top