Nabors Industries Ltd. (NBR) Income Statement
NBR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNBR revenue and net income
Where NBR's revenue goes
2025Each bar shows an amount and its share of revenue. NBR kept 7.8% of revenue as net income.
NBR profit margins
NBR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.7% | +6.3% | +8.3% | −1.9% |
| Gross profit | +12.0% | −14.3% | −4.9% | −8.4% |
| Operating income | +6.3% | −28.1% | −13.9% | −13.5% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NBR quarterly EPS vs estimates
Nabors Industries beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 27, 2026 (estimate $-0.37).
NBR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.18B | $2.93B | $3.01B | $2.65B | $2.02B | $2.13B | $3.04B | $3.06B | $2.56B | $2.23B |
| Cost of revenue | $2.56B | $2.38B | $1.79B | $1.67B | $1.29B | $1.34B | $2.81B | $1.98B | $1.72B | $1.34B |
| Gross profit | $621.1M | $554.3M | $1.22B | $987.8M | $730.2M | $798.0M | $238.0M | $1.08B | $846.2M | $883.5M |
| Research & development | $53.1M | $57.1M | $56.3M | $49.9M | $35.6M | $36.5M | $50.4M | $70.2M | $51.1M | $33.6M |
| Sales, general & admin | $304.6M | $249.3M | $244.1M | $228.4M | $213.6M | $203.5M | $258.7M | $265.8M | $251.2M | $227.6M |
| Total operating expenses | $357.6M | $306.4M | $300.4M | $278.4M | $249.1M | $240.0M | $309.1M | $336.0M | $302.3M | $261.2M |
| Operating income | $263.4M | $247.9M | $915.2M | $709.4M | $481.1M | $558.0M | −$71.1M | $744.6M | $544.0M | $622.3M |
| Interest income | $187.7M | $39.1M | $39.5M | $15.5M | $174.7M | $4.7M | $8.4M | $240.8M | $223.3M | $411.8M |
| Interest expense | $215.4M | $210.9M | $185.3M | $177.9M | $171.5M | $206.3M | $204.3M | $227.1M | $222.9M | $185.4M |
| Income before taxes | $537.5M | −$31.0M | $129.1M | −$245.7M | −$488.1M | −$705.6M | −$588.9M | −$518.8M | −$580.1M | −$1.20B |
| Income taxes | $163.1M | $56.9M | $79.2M | $61.5M | $55.6M | $57.3M | $91.6M | $79.3M | −$83.0M | −$186.8M |
| Net income | $248.3M | −$176.1M | −$11.8M | −$350.3M | −$569.3M | −$805.6M | −$723.9M | −$640.9M | −$546.8M | −$1.03B |
| EBITDA | $1.40B | $813.2M | $915.2M | $709.4M | $481.5M | $561.0M | $491.5M | $760.3M | $546.5M | $625.0M |
| EPS (diluted) | −$2.97 | −$22.36 | −$10.99 | −$45.33 | −$69.69 | −$85.27 | −$105.50 | −$79.00 | −$85.50 | −$121.19 |
| Gross margin | 19.5% | 18.9% | 40.4% | 37.2% | 36.2% | 37.4% | 7.8% | 35.3% | 33.0% | 39.7% |
| Operating margin | 8.3% | 8.5% | 30.4% | 26.7% | 23.8% | 26.1% | −2.3% | 24.4% | 21.2% | 27.9% |
| Net margin | 7.8% | −6.0% | −0.4% | −13.2% | −28.2% | −37.8% | −23.8% | −21.0% | −21.3% | −46.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $816.9M | $783.5M | $797.5M | $818.2M | $832.8M | $736.2M | $729.8M | $731.8M | $734.8M | $733.7M | $725.8M | $734.0M |
| Cost of revenue | $461.3M | $649.7M | $645.6M | $652.2M | $488.9M | $601.9M | $433.4M | $431.7M | $440.2M | $437.1M | $424.8M | $447.8M |
| Gross profit | $355.6M | $133.9M | $152.0M | $166.0M | $343.9M | $134.2M | $296.4M | $300.1M | $294.6M | $296.6M | $301.0M | $286.2M |
| Research & development | $14.2M | $13.5M | $13.3M | $13.0M | $12.7M | $14.0M | $14.4M | $14.4M | $14.4M | $13.9M | $13.9M | $14.0M |
| Sales, general & admin | $71.4M | $71.8M | $76.3M | $77.1M | $82.7M | $68.5M | $61.4M | $64.0M | $62.2M | $61.8M | $57.0M | $62.2M |
| Total operating expenses | $294.5M | $85.3M | $89.6M | $90.1M | $95.4M | $82.5M | $75.9M | $78.4M | $76.5M | $75.6M | $70.9M | $76.2M |
| Operating income | $61.1M | $48.6M | $62.4M | $76.0M | $248.5M | $51.7M | $220.5M | $221.7M | $218.1M | $221.0M | $230.1M | $210.0M |
| Interest income | $2.1M | $2.9M | $43.0M | $7.3M | $50.0M | $6.6M | $8.8M | $11.5M | $8.6M | $10.2M | $15.3M | $46.4M |
| Interest expense | $42.7M | $43.8M | $50.6M | $54.3M | $56.1M | $54.3M | $53.6M | $55.4M | $51.5M | $50.4M | $49.9M | $44.0M |
| Income before taxes | $14.9M | $21.1M | $24.4M | $420.0M | $20.9M | $72.2M | −$17.6M | −$23.0M | $2.5M | $7.0M | $23.1M | −$20.7M |
| Income taxes | $16.4M | $16.9M | $7.4M | $117.6M | $23.1M | $15.0M | $15.2M | $10.1M | $15.6M | $16.0M | $19.2M | $10.5M |
| Net income | −$29.1M | −$21.8M | $2.7M | $258.0M | −$30.9M | $33.0M | −$53.7M | −$55.8M | −$32.3M | −$34.3M | −$16.7M | −$48.9M |
| EBITDA | $221.7M | $221.1M | $234.2M | $634.7M | $248.5M | $281.1M | $220.5M | $221.7M | $218.1M | $221.0M | $230.1M | $210.0M |
| EPS (diluted) | −$2.04 | −$1.54 | $0.17 | −$2.61 | −$2.71 | $2.18 | −$6.67 | −$6.86 | −$4.29 | −$4.54 | −$2.70 | −$5.40 |
| Gross margin | 43.5% | 17.1% | 19.1% | 20.3% | 41.3% | 18.2% | 40.6% | 41.0% | 40.1% | 40.4% | 41.5% | 39.0% |
| Operating margin | 7.5% | 6.2% | 7.8% | 9.3% | 29.8% | 7.0% | 30.2% | 30.3% | 29.7% | 30.1% | 31.7% | 28.6% |
| Net margin | −3.6% | −2.8% | 0.3% | 31.5% | −3.7% | 4.5% | −7.4% | −7.6% | −4.4% | −4.7% | −2.3% | −6.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NBR's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NBR financial results
In fiscal year 2025 (ended December 31, 2025), Nabors Industries reported revenue of $3.2 billion, up 8.7% from the year before. It had net income of $248.3 million, a net profit margin of 7.8%. Diluted earnings per share came to −$2.97. Over five years revenue grew at an average rate of 8.3% a year.
See the NBR stock overview for the latest quote and news, or the NBR chart for price history and technical indicators.
NBR income statement FAQ
What is Nabors Industries's annual revenue?
Nabors Industries reported total revenue of $3.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.7% from $2.9 billion the previous year.
Is Nabors Industries profitable?
Yes. Nabors Industries reported net income of $248.3 million in fiscal 2025, a net profit margin of 7.8%; its operating margin was 8.3%.
What is Nabors Industries's gross margin?
Nabors Industries's gross margin was 19.5% in fiscal 2025: for every $100 of revenue, Nabors Industries kept $20 after the direct cost of its products and services.
How much does Nabors Industries spend on research and development?
Nabors Industries spent $53.1 million on research and development in fiscal 2025, 1.7% of revenue.
How fast is Nabors Industries growing?
Revenue grew 8.3% a year on average over the last five fiscal years, from $2.1 billion to $3.2 billion.
What are Nabors Industries's earnings per share?
Nabors Industries earned $-2.97 per diluted share in fiscal 2025, compared with $-22.36 a year earlier.
When will Nabors Industries report its next earnings?
Nabors Industries is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Nabors Industries's fiscal year end?
Nabors Industries's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.