Nabors Industries Ltd. (NBR)

Nabors Industries Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	3,185	2,930	3,006	2,654	2,018
Revenue Growth (YoY)	8.69%	-2.52%	13.27%	31.53%	-5.46%
Cost of Revenue	1,914	1,742	1,790	1,666	1,287
Gross Profit	1,270	1,188	1,216	987.76	730.23
Selling, General & Admin	304.59	249.32	244.15	228.43	213.56
Research & Development	53.06	57.06	56.3	49.94	35.15
Operating Expenses	1,007	939.79	945.74	943.44	942.09
Operating Income	263.43	247.93	269.86	44.32	-211.86
Interest Expense	-215.37	-210.86	-185.29	-177.9	-171.48
Interest & Investment Income	27.65	38.71	43.82	14.99	1.56
Currency Exchange Gain (Loss)	-5.67	-28.15	-37.29	-6.69	-4.81
Other Non Operating Income (Expenses)	-5.69	-1.07	63.66	-102.5	-17.77
EBT Excluding Unusual Items	64.35	46.56	154.77	-227.77	-404.35
Merger & Restructuring Charges	-43.66	-4.02	-2.26	-	-6.23
Gain (Loss) on Sale of Investments	-15.18	-26.08	-8.29	-	-
Gain (Loss) on Sale of Assets	460.83	-26.36	-13.92	-7.35	-23.88
Asset Writedown	-26.46	-	-	-	-58.76
Legal Settlements	-0.48	-6.28	-26.45	-15.16	-8.29
Other Unusual Items	98.12	-14.86	25.27	4.6	13.42
Pretax Income	537.53	-31.04	129.12	-245.68	-488.09
Income Tax Expense	163.1	56.95	79.22	61.54	55.62
Earnings From Continuing Operations	374.43	-87.99	49.9	-307.22	-543.71
Earnings From Discontinued Operations	-	-	-	-	0.02
Net Income to Company	374.43	-87.99	49.9	-307.22	-543.69
Minority Interest in Earnings	-87.81	-88.1	-61.69	-43.04	-25.58
Net Income	286.62	-176.08	-11.78	-350.26	-569.27
Preferred Dividends & Other Adjustments	39.29	29.72	38.46	10.32	13.1
Net Income to Common	247.34	-205.81	-50.25	-360.59	-582.37
Shares Outstanding (Basic)	13	9	9	9	8
Shares Outstanding (Diluted)	14	9	9	9	8
Shares Change (YoY)	56.66%	0.47%	2.93%	17.00%	7.74%
EPS (Basic)	18.75	-22.37	-5.49	-40.52	-76.58
EPS (Diluted)	17.39	-22.37	-5.49	-40.52	-76.58
Free Cash Flow	-22.68	13.51	97.01	127.64	194.74
Free Cash Flow Per Share	-1.57	1.47	10.59	14.35	25.61
Gross Margin	39.89%	40.53%	40.44%	37.22%	36.19%
Operating Margin	8.27%	8.46%	8.98%	1.67%	-10.50%
Profit Margin	7.77%	-7.02%	-1.67%	-13.59%	-28.87%
Free Cash Flow Margin	-0.71%	0.46%	3.23%	4.81%	9.65%
EBITDA	912.67	881.34	915.16	709.39	481.52
EBITDA Margin	28.66%	30.08%	30.44%	26.73%	23.87%
D&A For EBITDA	649.23	633.41	645.29	665.07	693.38
EBIT	263.43	247.93	269.86	44.32	-211.86
EBIT Margin	8.27%	8.46%	8.98%	1.67%	-10.50%
Effective Tax Rate	30.34%	-	61.35%	-	-
Revenue as Reported	3,212	2,969	3,050	2,669	2,019

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q