Nabors Industries Ltd. (NBR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 783.55M | 797.53M | 818.19M | 832.79M | 736.19M | 729.82M | 731.8M | 734.8M | 733.7M | 725.8M | 733.97M | 767.07M | 779.14M | 760.15M | 694.14M | 630.94M | 568.54M | 543.54M | 524.16M | 489.33M |
| Revenue Growth % | 6.43% | 9.28% | 11.8% | 13.34% | 0.34% | 0.55% | -0.3% | -4.21% | -5.83% | -4.52% | 5.74% | 21.57% | 37.04% | 39.85% | 32.43% | 28.94% | 23.46% | 22.59% | 19.58% | -8.35% |
| Cost of Goods Sold | 649.65M | 645.55M | 652.17M | 488.88M | 601.94M | 433.4M | 431.7M | 440.23M | 437.08M | 424.77M | 447.75M | 455.53M | 462.33M | 457.18M | 432.31M | 403.8M | 372.71M | 347.66M | 336.54M | 312.47M |
| COGS % of Revenue | 82.91% | 80.94% | 79.71% | 58.7% | 81.76% | 59.39% | 58.99% | 59.91% | 59.57% | 58.52% | 61% | 59.39% | 59.34% | 60.14% | 62.28% | 64% | 65.56% | 63.96% | 64.2% | 63.86% |
| Gross Profit | 133.89M | 151.97M | 166.01M | 343.91M | 134.25M | 296.42M | 300.1M | 294.57M | 296.63M | 301.03M | 286.22M | 311.54M | 316.81M | 302.96M | 261.82M | 227.15M | 195.83M | 195.88M | 187.63M | 176.87M |
| Gross Margin % | 17.09% | 19.06% | 20.29% | 41.3% | 18.24% | 40.61% | 41.01% | 40.09% | 40.43% | 41.48% | 39% | 40.61% | 40.66% | 39.86% | 37.72% | 36% | 34.44% | 36.04% | 35.8% | 36.14% |
| Gross Profit Growth % | -0.26% | -48.73% | -44.68% | 16.75% | -54.74% | -1.53% | 4.85% | -5.45% | -6.37% | -0.64% | 9.32% | 37.15% | 61.78% | 54.67% | 39.55% | 28.43% | 15.29% | 16.11% | 11.59% | -14.71% |
| Operating Expenses | 85.27M | 89.61M | 90.05M | 95.45M | 82.54M | 75.87M | 78.38M | 76.52M | 75.61M | 70.93M | 76.2M | 76.51M | 76.8M | 72.94M | 71M | 69.11M | 65.32M | 65.06M | 62.4M | 59.55M |
| OpEx % of Revenue | 10.88% | 11.24% | 11.01% | 11.46% | 11.21% | 10.4% | 10.71% | 10.41% | 10.31% | 9.77% | 10.38% | 9.97% | 9.86% | 9.6% | 10.23% | 10.95% | 11.49% | 11.97% | 11.9% | 12.17% |
| Selling, General & Admin | 71.76M | 76.28M | 77.08M | 82.73M | 68.51M | 61.44M | 63.98M | 62.15M | 61.75M | 57M | 62.18M | 63.23M | 61.73M | 59.03M | 57.59M | 58.17M | 53.64M | 54.42M | 52.9M | 51.58M |
| SG&A % of Revenue | 9.16% | 9.56% | 9.42% | 9.93% | 9.31% | 8.42% | 8.74% | 8.46% | 8.42% | 7.85% | 8.47% | 8.24% | 7.92% | 7.77% | 8.3% | 9.22% | 9.43% | 10.01% | 10.09% | 10.54% |
| Research & Development | 13.51M | 13.33M | 12.98M | 12.72M | 14.04M | 14.43M | 14.4M | 14.36M | 13.86M | 13.93M | 14.02M | 13.28M | 15.07M | 13.91M | 13.41M | 10.94M | 11.68M | 10.64M | 9.5M | 7.96M |
| R&D % of Revenue | 1.72% | 1.67% | 1.59% | 1.53% | 1.91% | 1.98% | 1.97% | 1.95% | 1.89% | 1.92% | 1.91% | 1.73% | 1.93% | 1.83% | 1.93% | 1.73% | 2.05% | 1.96% | 1.81% | 1.63% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 48.63M | 62.37M | 75.96M | 248.46M | 51.71M | 220.54M | 221.72M | 218.06M | 221.01M | 230.1M | 210.03M | 235.02M | 240.01M | 230.02M | 190.82M | 158.04M | 130.51M | 130.82M | 125.23M | 117.32M |
| Operating Margin % | 6.21% | 7.82% | 9.28% | 29.83% | 7.02% | 30.22% | 30.3% | 29.68% | 30.12% | 31.7% | 28.61% | 30.64% | 30.8% | 30.26% | 27.49% | 25.05% | 22.96% | 24.07% | 23.89% | 23.98% |
| Operating Income Growth % | -5.96% | -71.72% | -65.74% | 13.94% | -76.6% | -4.15% | 5.57% | -7.22% | -7.91% | 0.04% | 10.06% | 48.71% | 83.9% | 75.83% | 52.37% | 34.7% | 21.15% | 24.87% | 9.46% | -23.73% |
| EBITDA | 204.81M | 221.56M | 236.31M | 423.52M | 206.34M | 376.89M | 380.95M | 378.2M | 378.7M | 391.33M | 371.36M | 394.72M | 403.04M | 398.86M | 360.68M | 320.05M | 294.87M | 298.77M | 298.61M | 292.1M |
| EBITDA Margin % | 26.14% | 27.78% | 28.88% | 50.86% | 28.03% | 51.64% | 52.06% | 51.47% | 51.61% | 53.92% | 50.6% | 51.46% | 51.73% | 52.47% | 51.96% | 50.73% | 51.86% | 54.97% | 56.97% | 59.69% |
| EBITDA Growth % | -0.74% | -41.22% | -37.97% | 11.98% | -45.51% | -3.69% | 2.58% | -4.19% | -6.04% | -1.89% | 2.96% | 23.33% | 36.68% | 33.5% | 20.79% | 9.57% | 3.46% | -8.26% | -7.05% | -22.57% |
| D&A (Non-Cash Add-back) | 156.19M | 159.19M | 160.35M | 175.06M | 154.64M | 156.35M | 159.23M | 160.14M | 157.69M | 161.23M | 161.34M | 159.7M | 163.03M | 168.84M | 169.86M | 162.01M | 164.36M | 167.96M | 173.38M | 174.78M |
| EBIT | 64.91M | 75.06M | 474.37M | 73.4M | 126.51M | 64.2M | 62.49M | 57.92M | 63.33M | 68.88M | 48.69M | 75.33M | 76.97M | 61.18M | 20.96M | -3.98M | -33.85M | -36.72M | -48.14M | -57.45M |
| Net Interest Income | -40.87M | -43.04M | -47.01M | -49.95M | -47.72M | -44.81M | -43.87M | -42.9M | -40.19M | -34.61M | -34M | -35.15M | -35.63M | -35.31M | -39.03M | -41.58M | -46.51M | -44.26M | -42.01M | 41.78M |
| Interest Income | 2.89M | 7.59M | 7.32M | 6.13M | 6.61M | 8.83M | 11.48M | 8.6M | 10.19M | 15.33M | 10.04M | 11.02M | 9.51M | 8.94M | 4.81M | 1.32M | 397K | 313K | 211K | 41.78M |
| Interest Expense | 43.76M | 50.63M | 54.33M | 56.08M | 54.33M | 53.64M | 55.35M | 51.49M | 50.38M | 49.94M | 44.04M | 46.16M | 45.14M | 44.24M | 43.84M | 42.9M | 46.91M | 44.57M | 42.22M | 0 |
| Other Income/Expense | -27.48M | -37.93M | 344.08M | -227.59M | 20.48M | -238.18M | -244.69M | -215.53M | -213.97M | -207M | -230.76M | -192.34M | -155.93M | -262.02M | -182.93M | -218.62M | -291.51M | -221.7M | -238.15M | -283.01M |
| Pretax Income | 21.15M | 24.43M | 420.04M | 20.87M | 72.19M | -17.64M | -22.97M | 2.52M | 7.04M | 23.1M | -20.73M | 42.68M | 84.08M | -31.99M | 7.89M | -60.58M | -161M | -90.88M | -112.92M | -165.68M |
| Pretax Margin % | 2.7% | 3.06% | 51.34% | 2.51% | 9.81% | -2.42% | -3.14% | 0.34% | 0.96% | 3.18% | -2.82% | 5.56% | 10.79% | -4.21% | 1.14% | -9.6% | -28.32% | -16.72% | -21.54% | -33.86% |
| Income Tax | 16.88M | 7.44M | 117.57M | 23.08M | 15.01M | 15.23M | 10.12M | 15.55M | 16.04M | 19.24M | 10.51M | 26.45M | 23.02M | 26.16M | 12.35M | 9.35M | 13.67M | 18.39M | 2.78M | 24.72M |
| Effective Tax Rate % | 79.84% | 30.45% | 27.99% | 110.56% | 20.79% | -86.35% | -44.05% | 616% | 227.83% | 83.3% | -50.71% | 61.97% | 27.37% | -81.77% | 156.53% | -15.44% | -8.49% | -20.24% | -2.47% | -14.92% |
| Net Income | -21.85M | 2.7M | 258.03M | -30.91M | 32.99M | -53.67M | -55.83M | -32.26M | -34.33M | -16.7M | -48.92M | 4.61M | 49.22M | -69.06M | -13.78M | -82.92M | -184.5M | -113.68M | -122.5M | -196.01M |
| Net Margin % | -2.79% | 0.34% | 31.54% | -3.71% | 4.48% | -7.35% | -7.63% | -4.39% | -4.68% | -2.3% | -6.66% | 0.6% | 6.32% | -9.09% | -1.99% | -13.14% | -32.45% | -20.91% | -23.37% | -40.06% |
| Net Income Growth % | -166.23% | 105.04% | 562.21% | 4.17% | 196.08% | -221.33% | -14.12% | -799.52% | -169.75% | 75.82% | -254.9% | 105.56% | 126.68% | 39.24% | 88.75% | 57.7% | -34.58% | -5.03% | 22.2% | -32.34% |
| Net Income (Continuing) | 4.26M | 16.99M | 302.47M | -2.21M | 57.18M | -32.87M | -33.09M | -13.03M | -9M | 3.86M | -31.24M | 16.23M | 61.06M | -58.15M | -4.46M | -69.94M | -174.67M | -109.28M | -115.7M | -190.4M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13K | -20K | 8K |
| Minority Interest | 872.59M | 846.92M | 988.39M | 1.14B | 1.1B | 1.07B | 1.04B | 1.01B | 987.09M | 954.47M | 1.03B | 702.84M | 870.77M | 846.44M | 839.93M | 828M | 814.94M | 803.57M | 525.65M | 516.52M |
| EPS (Diluted) | -1.54 | 0.17 | 16.85 | -3.19 | 2.18 | -6.67 | -6.86 | -4.29 | -4.54 | -2.70 | -5.35 | 0.31 | 4.11 | -6.39 | -0.49 | -9.13 | -21.02 | -14.30 | -15.49 | -26.27 |
| EPS Growth % | -170.64% | 102.55% | 345.63% | 25.64% | 148.02% | -147.04% | -28.22% | -1483.87% | -210.46% | 57.75% | -991.84% | 103.4% | 119.55% | 55.31% | 96.84% | 65.25% | -8.86% | 6.66% | 30.51% | -25.1% |
| EPS (Basic) | -1.54 | 0.17 | 18.25 | -3.36 | 2.35 | -6.67 | -6.86 | -4.29 | -4.54 | -1.83 | -5.35 | 0.31 | 4.39 | -6.39 | -0.49 | -9.13 | -21.02 | -14.30 | -15.49 | -26.28 |
| Diluted Shares Outstanding | 14.21M | 14.21M | 15.32M | 12.27M | 11.67M | 9.21M | 9.21M | 9.21M | 9.18M | 9.13M | 9.15M | 9.2M | 9.87M | 9.1M | 9.1M | 9.08M | 8.31M | 7.95M | 7.91M | 7.46M |
| Basic Shares Outstanding | 14.21M | 14.13M | 14.1M | 12.27M | 10.46M | 9.21M | 9.21M | 9.21M | 9.18M | 9.13M | 9.15M | 9.2M | 9.16M | 9.1M | 9.1M | 9.08M | 8.31M | 7.95M | 7.91M | 7.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | 0.39% | - | - | - | - | - | - | - |