15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.3% per year over the past 5 years.
Operating margin has expanded, at 14.8% in the latest year.
Financial health
Total debt ($2.5B) exceeds cash ($941M); net debt is $1.6B.
Total debt has grown slower than revenue (-3.6% vs 8.3% per year).
Operating income covered interest expense 2.2× in the latest year.
Total debt is 5.3× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$3.2B
$287M
0.0%
14.8%
48.5%
6.0%
-$23M
$2.5B
$941M
2024
$2.9B
-$176M
0.0%
14.2%
-130.4%
-3.9%
$14M
$2.5B
$390M
2023
$3.0B
-$12M
40.4%
14.4%
-3.6%
-0.2%
$97M
$3.1B
$1.1B
2022
$2.7B
-$350M
37.2%
1.7%
-94.9%
-7.4%
$128M
$2.5B
$451M
2021
$2.0B
-$573M
36.2%
-4.0%
-97.0%
-10.4%
$195M
$3.3B
$991M
2020
$2.1B
-$806M
37.5%
-8.0%
-70.0%
-14.6%
$154M
$3.0B
$472M
2019
$3.0B
-$703M
36.6%
2.9%
-35.4%
-10.4%
$257M
$3.4B
$436M
2018
$3.1B
-$641M
35.3%
1.9%
-23.7%
-8.2%
—
$3.6B
$448M
2017
$2.6B
-$547M
33.0%
-5.5%
-18.8%
-6.5%
—
$4.1B
$337M
2016
$2.2B
-$1.0B
39.7%
-5.3%
-31.7%
-12.6%
—
$3.6B
$264M
2015
—
-$373M
—
—
-8.7%
-3.9%
—
$3.7B
$255M
2014
—
-$671M
—
—
-13.7%
-5.7%
—
$4.4B
$501M
2013
—
$140M
—
—
2.3%
1.2%
—
$3.9B
$390M
2012
—
$165M
—
—
2.8%
1.3%
—
$4.4B
$525M
2011
—
$249M
—
—
4.4%
1.9%
—
$4.6B
$399M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$815M
-$22M
0.0%
13.6%
-4.1%
-0.5%
$10M
$2.1B
$510M
Mar '26
$784M
-$15M
0.0%
12.2%
-2.7%
-0.3%
-$52M
$2.1B
$501M
Dec '25
$798M
$10M
0.0%
14.2%
1.8%
0.2%
$84M
$2.5B
$941M
Sep '25
$818M
$274M
0.0%
15.6%
47.3%
5.7%
-$2M
$2.3B
$428M
Jun '25
$833M
-$31M
0.0%
15.4%
-10.0%
-0.6%
-$27M
$2.7B
$387M
Mar '25
$736M
$33M
0.0%
13.8%
9.6%
0.7%
-$77M
$2.7B
$396M
Dec '24
$730M
-$54M
0.0%
14.5%
-39.8%
-1.2%
-$59M
$2.5B
$390M
Sep '24
$732M
-$56M
41.0%
14.5%
-29.2%
-1.2%
$16M
$2.5B
$452M
Jun '24
$735M
-$32M
40.1%
7.9%
-12.9%
-0.7%
$54M
$2.5B
$466M
Mar '24
$734M
-$34M
40.4%
8.6%
-12.0%
-0.7%
$3M
$2.5B
$413M
Dec '23
$726M
-$17M
41.5%
-8.0%
-5.1%
-0.3%
$48M
$3.1B
$1.1B
Sep '23
$734M
-$49M
39.0%
12.2%
-14.0%
-1.0%
-$10M
$2.5B
$387M
Jun '23
$767M
$5M
40.6%
15.5%
1.1%
0.1%
$24M
$2.5B
$413M
Mar '23
$779M
$49M
40.7%
15.2%
12.2%
0.9%
$35M
$2.6B
$469M
Dec '22
$760M
-$69M
39.9%
13.3%
-18.7%
-1.5%
$99M
$2.5B
$451M
Sep '22
$694M
-$14M
37.7%
8.7%
-3.1%
-0.3%
$28M
$2.6B
$420M
Jun '22
$631M
-$83M
36.0%
5.3%
-18.3%
-1.7%
$44M
$2.6B
$413M
Mar '22
$569M
-$184M
34.4%
-0.0%
-33.9%
-3.8%
-$43M
$2.6B
$394M
Dec '21
$544M
-$114M
36.1%
-0.7%
-19.2%
-2.1%
$48M
$3.3B
$991M
Sep '21
$524M
-$123M
35.8%
-2.9%
-17.3%
-2.4%
$51M
$3.1B
$772M
Valuation over time
How the market has priced NBR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 3.0× (Dec '25) to 5.2× (Sep '26).
The price-to-sales ratio has fallen from 0.7× (Mar '23) to 0.5× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NBR growing its revenue and profit?
Over the past 5 years, Nabors Industries Ltd's revenue has grown 8.3% per year. These are computed facts, not advice.
How much debt does NBR have?
As of FY2025, Nabors Industries Ltd reported $2.5B of total debt against $941M of cash; operating income covered interest expense 2.2×.
What is NBR's profit margin?
In FY2025, gross margin was —, operating margin 14.8%, and net margin 9.0%.
What is NBR's P/E ratio?
As of Sep '26, Nabors Industries Ltd traded at a price-to-earnings ratio of about 5.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.