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Nabors Industries Ltd. (NBR) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · OIL & GAS DRILLING · DATA UPDATED 2026-09-15

Nabors Industries Ltd. (NBR) operates in the OIL & GAS DRILLING industry and is headquartered in Hamilton, Bermuda with about 13,900 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, NBR reported $3.2B in revenue and $248M in net income.

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies.

Interactive charts & full statements → Open the NBR valuation workbench →

NBR Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$3.2B	$3.2B	$2.9B	$3.0B	$2.7B	$2.0B	$2.1B	$3.0B	$3.1B	$2.6B	$2.2B	$3.9B	$6.8B	$6.2B	$7.0B	$6.1B	$4.2B	$3.5B	$5.3B	$4.9B	$4.9B
Gross Profit	$807M	$621M	$554M	$1.2B	$988M	$730M	$798M	$238M	$1.1B	$846M	$884M	$1.5B	$2.3B	$2.2B	$2.5B	$2.3B	$1.8B	$1.5B	$2.2B	$2.2B	$2.4B
Gross Margin %	25.1%	19.5%	18.9%	40.4%	37.2%	36.2%	37.4%	7.8%	35.3%	33.0%	39.7%	38.6%	33.8%	35.3%	35.4%	37.7%	42.5%	42.6%	41.4%	44.0%	48.0%
Operating Income (EBIT)	$248M	$263M	$248M	$915M	$709M	$481M	$558M	($71M)	$745M	$544M	$622M	$1.1B	$1.7B	$558M	$908M	$927M	$616M	$369M	$1.2B	$1.3B	$1.5B
Operating Margin %	7.7%	8.3%	8.5%	30.4%	26.7%	23.8%	26.2%	-2.3%	24.3%	21.2%	27.9%	29.2%	25.7%	9.1%	13.0%	15.3%	14.6%	10.5%	23.0%	25.7%	30.8%
Net Income	$210M	$248M	($176M)	($12M)	($350M)	($569M)	($806M)	($724M)	($641M)	($547M)	($1.0B)	($373M)	($671M)	$150M	$232M	$244M	$95M	($86M)	$551M	$931M	$1.0B
Net Margin %	6.5%	7.8%	-6.0%	-0.4%	-13.2%	-28.2%	-37.8%	-23.8%	-21.0%	-21.3%	-46.2%	-9.6%	-9.9%	2.4%	3.3%	4.0%	2.2%	-2.4%	10.4%	18.8%	20.6%
EBITDA	$1.3B	$1.4B	$813M	$915M	$709M	$482M	$561M	$491M	$760M	$546M	$625M	$1.1B	$1.8B	$1.7B	$2.0B	$1.7B	$1.1B	$1.0B	$1.5B	$1.8B	$1.9B
Earnings Per Share (EPS)	$13.46	$17.23	$-19.14	$-1.29	$-39.36	$-74.85	$-114.13	$-102.94	$-95.84	$-97.42	$-186.23	$-65.85	$-115.35	$25.27	$39.74	$41.66	$16.33	$-15.10	$95.61	$162.36	$170.22
Shares Outstanding (M)	14M	14M	9M	9M	9M	8M	7M	7M	7M	6M	6M	6M	6M	6M	6M	6M	6M	6M	6M	6M	6M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NBR Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$817M	$784M	$798M	$818M	$833M	$736M	$730M	$732M
Gross Profit	$356M	$134M	$152M	$166M	$344M	$134M	$296M	$300M
Gross Margin %	43.5%	17.1%	19.1%	20.3%	41.3%	18.2%	40.6%	41.0%
Operating Income (EBIT)	$61M	$49M	$62M	$76M	$248M	$52M	$221M	$222M
Operating Margin %	7.5%	6.2%	7.8%	9.3%	29.8%	7.0%	30.2%	30.3%
Net Income	($29M)	($22M)	$3M	$258M	($31M)	$33M	($54M)	($56M)
Net Margin %	-3.6%	-2.8%	0.3%	31.5%	-3.7%	4.5%	-7.3%	-7.6%
EBITDA	$222M	$221M	$234M	$635M	$248M	$281M	$221M	$222M
Earnings Per Share (EPS)	$-2.04	$-1.54	$0.19	$16.84	$-2.52	$2.83	$-5.83	$-6.06
Shares Outstanding (M)	14M	14M	14M	15M	12M	12M	9M	9M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NBR Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$702M	$693M	$581M	$638M	$501M	$429M	$350M	$685M	$326M	$63M	$532M	$857M	$1.8B	$1.4B	$1.6B	$1.5B	$1.1B	$1.6B	$1.4B	$1.4B	$1.5B
Capital Expenditures (CapEx)	$663M	$716M	$568M	$541M	$373M	$238M	$196M	$428M	$459M	$574M	$395M	$867M	$1.8B	$1.2B	$1.5B	$2.0B	$930M	$1.1B	$1.5B	$2.0B	$1.9B
Free Cash Flow (FCF)	$40M	($23M)	$14M	$97M	$128M	$191M	$154M	$257M	($133M)	($512M)	$136M	($11M)	($39M)	$240M	$44M	($586M)	$177M	$524M	($44M)	($644M)	($441M)
FCF Margin %	1.2%	-0.7%	0.5%	3.2%	4.8%	9.5%	7.2%	8.4%	-4.4%	-20.0%	6.1%	-0.3%	-0.6%	3.9%	0.6%	-9.7%	4.2%	14.9%	-0.8%	-13.0%	-8.9%
Dividends Paid	—	$6M	$0M	$0M	$0M	$7M	$23M	$50M	$87M	$69M	$51M	$69M	$59M	$47M	$3M	$2.3B	$698M	$1.1B	$963M	—	$2.2B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NBR Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$135M	$113M	$246M	$208M	$152M	$88M	$149M	$144M
Capital Expenditures (CapEx)	$126M	$165M	$162M	$210M	$179M	$165M	$208M	$128M
Free Cash Flow (FCF)	$10M	($52M)	$84M	($2M)	($27M)	($77M)	($59M)	$16M
FCF Margin %	1.2%	-6.6%	10.5%	-0.3%	-3.2%	-10.5%	-8.1%	2.1%
Dividends Paid	—	—	$6M	$6M	$6M	$0M	$0M	$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NBR Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$4.4B	$4.8B	$4.5B	$5.3B	$4.7B	$5.5B	$5.5B	$6.8B	$7.9B	$8.4B	$8.2B	$9.5B	$11.9B	$12.2B	$12.7B	$12.9B	$11.6B	$10.7B	$10.5B	$10.1B	$9.1B
Cash & Cash Equivalents	$510M	$941M	$390M	$1.1B	$451M	$991M	$472M	$436M	$448M	$337M	$264M	$255M	$501M	$390M	$525M	$539M	$801M	$928M	$442M	$531M	$701M
Total Liabilities	$3.0B	$3.4B	$3.3B	$4.0B	$3.5B	$4.1B	$3.8B	$4.3B	$4.7B	$5.3B	$4.9B	$5.2B	$7.0B	$6.2B	$6.7B	$7.3B	$6.3B	$5.5B	$5.8B	$5.6B	$5.6B
Total Debt (Short + Long-Term)	$2.1B	$2.5B	$2.5B	$3.1B	$2.5B	$3.3B	$3.0B	$3.3B	$3.6B	$4.0B	$3.6B	$3.7B	$4.4B	$3.9B	$4.4B	$4.6B	$4.4B	$3.9B	$4.1B	$4.0B	$4.0B
Total Shareholders' Equity	$544M	$591M	$135M	$327M	$1.2B	$1.4B	$1.7B	$2.5B	$2.7B	$2.9B	$3.2B	$4.3B	$4.9B	$6.0B	$5.9B	$5.6B	$5.3B	$5.2B	$4.7B	$4.5B	$3.5B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive NBR viewer.

Other Companies in OIL & GAS DRILLING

PTEN · Patterson-UTI Energy Inc — $4 billion
HP · Helmerich and Payne Inc — $4 billion
SDRL · Seadrill Limited — $3 billion
BORR · Borr Drilling Ltd — $1 billion
PDS · Precision Drilling Corporation — $1 billion
SOC · Sable Offshore Corp. — $875 million
RIG · Transocean Ltd — $6 billion
VAL · Valaris Ltd — $6 billion

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