NABORS INDUSTRIES LTD
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.18B | $2.93B | $3.01B | $2.65B | $2.02B | $2.13B | $3.04B | $3.06B |
| Cost of Revenue | — | — | $1.79B | $1.67B | $1.29B | $1.33B | $1.93B | $1.98B |
| Gross Profit | — | — | $1.22B | $987.8M | $730.7M | $801.0M | $1.11B | $1.08B |
| Gross Margin | — | — | 40.4% | 37.2% | 36.2% | 37.5% | 36.6% | 35.3% |
| Operating Expenses | ||||||||
| Research & Development | $53.1M | $57.1M | $56.3M | $49.9M | $35.2M | $33.6M | $50.4M | $56.1M |
| SG&A Expense | $304.6M | $249.3M | $244.1M | $228.4M | $213.6M | $203.5M | $258.7M | $265.8M |
| Operating Income | $471.1M | $416.8M | $433.7M | $44.3M | $-80.8M | $-171.5M | $89.1M | $58.6M |
| Operating Margin | 14.8% | 14.2% | 14.4% | 1.7% | -4.0% | -8.0% | 2.9% | 1.9% |
| Interest Expense | — | — | $185.3M | $177.9M | $171.5M | $206.3M | $204.3M | $227.1M |
| Pretax Income | $537.5M | $-31.0M | $129.1M | $-245.7M | $-488.1M | $-705.6M | $-588.9M | $-518.8M |
| Income Tax Expense | $163.1M | $56.9M | $79.2M | $61.5M | $55.6M | $57.3M | $91.6M | $79.3M |
| Net Income | $286.6M | $-176.1M | $-11.8M | $-350.3M | $-569.3M | $-805.6M | $-702.9M | $-640.9M |
| Net Margin | 9.0% | -6.0% | -0.4% | -13.2% | -28.2% | -37.8% | -23.1% | -21.0% |
| EPS (Basic) | $18.75 | $-22.37 | $-5.49 | $-40.52 | $-76.58 | $-118.69 | $-105.39 | $-99.61 |
| EPS (Diluted) | $17.39 | $-22.37 | $-5.49 | $-40.52 | $-76.58 | $-118.69 | $-105.39 | $-99.61 |
| Shares Outstanding (Basic) | 13.2M | 9.2M | 9.2M | 8.9M | 7.6M | 7.1M | 7.0M | 6.7M |
| Shares Outstanding (Diluted) | 14.4M | 9.2M | 9.2M | 8.9M | 7.6M | 7.1M | 7.0M | 6.7M |
| Dividends Per Share | — | — | — | — | — | $0.50 | $2.00 | $12.00 |