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MARKETS / NYSE / NBR
NYSE · DRILLING OIL & GAS WELLS · MID CAP

Nabors Industries Ltd. NBR

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.2B
▲ 8.7% YoY
$286.6M
$-22.7M
▼ 267.9% YoY
In brief

What this company does

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet and provides offshore platform rigs in the United States and numerous international markets. It also supplies performance software, tubular running services, and managed pressure drilling services for its own rig fleet and for rigs operated by third parties, and manufactures drilling equipment and provides drilling rig instrumentation. As of December 31, 2025, its fleet of drilling rigs and drilling-related equipment included 242 actively marketed rigs for land-based drilling operations and 27 actively marketed rigs for offshore platform drilling operations. As of December 31, 2025, it employed approximately 13,900 employees worldwide. Its business consists of four reportable segments: U.S. Drilling, International Drilling, Drilling Solutions and Rig Technologies. Nabors Industries, Ltd. was formed as a Bermuda exempted company on December 11, 2001.

Written from the business description in NABORS INDUSTRIES LTD's annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth
USD 3.2B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.2 · Net income 0.3
2.5B5.0B-0.4B-0.8B2007201020132016201920222025
Compound annual growth
+6.3%
+8.3%
−1.9%
−1.7%
+7.7%
−77.2%
−55.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 14.8% · Net 11.8%
5%10%15%-20%-40%2007201020132016201920222025
ROE
FY2025 · ROE 79.0%
20%40%60%-20%-40%-60%2007201020132016201920222025

Each USD of equity produced 79 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -22.7
200.0M400.0M-250.0M-500.0M2007201020132016201920222025
Net buybacks $M Dividends $M
FY2024 · Dividends 0.1 · Net buybacks —
100M200MDividendsNet buybacks20072009201320152017202120232024

Total assetsUSD 4.8B
EquityUSD 590.7M
CashUSD 940.7M
Gross debtUSD 2.5B
Net debtUSD 1.6B
Current ratio1.56×

Net debt stands at 263% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B3.22.93.02.72.02.13.03.12.62.23.96.86.26.86.04.13.75.54.9
Operating income $B0.50.40.40.0−0.1−0.20.10.1−0.1−0.10.30.80.60.90.90.60.4··
EBITDA $B1.11.01.10.70.60.71.00.90.70.81.31.91.61.91.81.41.1··
Income tax $B0.20.10.10.10.10.10.10.1−0.1−0.2−0.10.1−0.10.00.20.0−0.10.20.2
Net income $B0.3−0.2−0.0−0.4−0.6−0.8−0.7−0.6−0.5−1.0−0.4−0.70.10.20.20.1−0.10.50.9
Free cash flow $B−0.00.00.10.10.20.20.3−0.1−0.50.1−0.0−0.00.20.0−0.60.20.5−0.0−0.6
EPS, diluted $17.39−22.37−5.49−40.52−76.58−118.69−105.39−99.61−1.90−3.64−1.29−2.280.470.560.850.33−0.301.653.00
Dividend / sh $·····0.502.0012.000.240.240.240.040.04······
Payout %·−0−2−0−1−3··−13−5−19−934··0···
ROE %79.0−76.3−3.4−73.0−65.4−51.4−30.0−22.8−17.8−27.4−8.1−12.32.32.94.61.8−1.79.7·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 3 divergences in 74 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 3 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures3 divergent
ActivityDrilling Oil & Gas Wells
Listed onNYSE
Incorporated inoutside the United States — SEC code D0
Fiscal year endsDecember 31
Data on record since2007

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