Also trades as: NBRWF (OTC) · $vol 0M

$81.36

-0.93 (-1.13%)

After Hours: $79.88 (-1.48, -1.82%)

Weekly Expected Move ±5.5%

$72 $76 $81 $85 $90

NYSE · Energy · Oil & Gas Drilling · Tech Score Neutral · Power 60 · $1.3B mcap · 14M float · 1.71% daily turnover · Short 62% of daily vol

Credit Risk of going bust: higher than 79% of companies Debt: 63.0% of company value Bonds: $287.8M held by 257 funds, 320 bp over Treasuries → details ▾

If the stock fell to about $9.28 (down 89%), Nabors Industries Ltd. would be worth roughly what it owes.
Total debt $2.13B against a stock market value of $1.25B.
Distance to default 2.68 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.06B (short-term plus half of long-term), stock volatility 51.5%; Altman Z'' 0.66. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest Supply Chain

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$3.2B +8.7% ▲

5Y CAGR: +8.3%

Gross Profit

$621M +12.0% ▲

5Y CAGR: -4.9%

Operating Income

$263M +6.3% ▲

5Y CAGR: -13.9%

Net Income

$248M +241.0% ▲

EPS (Diluted)

$17.16 +176.7% ▲

EBITDA

$913M +12.2% ▲

5Y CAGR: +10.2%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.0B	$2.7B	$3.0B	$2.9B	$3.2B
YoY Growth	-5.5%	+31.5%	+13.3%	-2.5%	+8.7%
Cost of Revenue	$1.3B	$1.7B	$1.8B	$2.4B	$2.6B
Gross Profit	$730M	$988M	$1.2B	$554M	$621M
Gross Margin	36.2%	37.2%	40.4%	18.9%	19.5%
R&D Expenses	$36M	$50M	$56M	$57M	$53M
SG&A Expenses	$214M	$228M	$244M	$249M	$305M
Operating Expenses	$249M	$278M	$300M	$306M	$358M
Operating Income	$481M	$709M	$915M	$248M	$263M
Operating Margin	23.8%	26.7%	30.4%	8.5%	8.3%
Interest Expense	$171M	$178M	$185M	$211M	$215M
Income Before Tax	-$488M	-$246M	$129M	-$31M	$538M
Tax Expense	$56M	$62M	$79M	$57M	$163M
Net Income	-$569M	-$350M	-$12M	-$176M	$248M
Net Margin	-28.2%	-13.2%	-0.4%	-6.0%	7.8%
EPS (Diluted)	$-76.58	$-40.52	$-5.49	$-22.37	$17.16
EBITDA	$482M	$709M	$915M	$813M	$913M
Shares Outstanding	8M	9M	9M	9M	14M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$732M	$730M	$736M	$833M	$818M	$798M	$784M	$817M
Cost of Revenue	$432M	$433M	$447M	$489M	$652M	$646M	$650M	$461M
Gross Profit	$300M	$296M	$289M	$344M	$166M	$152M	$134M	$356M
Gross Margin	41.0%	40.6%	39.2%	41.3%	20.3%	19.1%	17.1%	43.5%
R&D Expenses	$14M	$14M	$14M	$13M	$13M	$13M	$14M	$14M
SG&A Expenses	$64M	$61M	$69M	$83M	$77M	$76M	$72M	$71M
Operating Expenses	$78M	$76M	$83M	$95M	$90M	$90M	$85M	$294M
Operating Income	$222M	$221M	$206M	$248M	$76M	$62M	$49M	$61M
Operating Margin	30.3%	30.2%	28.0%	29.8%	9.3%	7.8%	6.2%	7.5%
Interest Expense	$55M	$54M	$54M	$56M	$54M	$51M	$44M	$43M
Income Before Tax	-$23M	-$18M	$72M	$21M	$420M	$24M	$21M	$15M
Tax Expense	$10M	$15M	$15M	$23M	$118M	$7M	$17M	$16M
Net Income	-$56M	-$54M	$33M	-$31M	$258M	$3M	-$22M	-$29M
Net Margin	-7.6%	-7.4%	4.5%	-3.7%	31.5%	0.3%	-2.8%	-3.6%
EPS (Diluted)	$-6.06	$-2.60	$2.18	$-3.19	$16.85	$0.17	$-1.54	$-2.04
EBITDA	$222M	$221M	$206M	$248M	$635M	$234M	$221M	$222M
Shares Outstanding	9M	9M	12M	12M	15M	14M	14M	14M

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