NBR Energy

Nabors Industries Ltd.

$81.22-4.09%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Energy
Industry: Oil & Gas Drilling
Country: Bermuda
Market cap: 1.2B USD
Enterprise value: 2.9B USD
Full-time employees: 13,900

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.02 vs a peer median of 0.57) and more debt relative to equity (3.90× vs a peer median of 0.47×)higher risk: bigger price swings (beta 1.02 vs peers 0.57) and more debt vs equity (3.90× vs peers 0.47×)

Ranks #127 of 363 energy companies (top 35%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. 2025 operating profit includes a $432M gain on selling assets; without it the operating margin was about 1.2%.
Nabors Industries's 2025 operating profit of $471M includes a one-off $432M gain on selling assets or businesses. Without it, operations would have earned $39M, an operating margin of about 1.2%.
Profit isn't fully turning into cash. Free cash flow is only 16% of reported profit.
Free cash flow is only 16% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Much more borrowing than peers. Debt is 3.9× equity vs a peer median of 0.5×.Debt is 3.9× equity vs peers 0.5×.
Debt is 3.9× shareholders' equity, against a peer median of 0.5×, among the highest 10% of its peer group.Debt is 3.9× shareholders' equity, vs peers 0.5×, among the highest 10% of its peer group.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Nabors Industries made a profit per share in its latest year after a loss the year before.

StockQuotient Score

59/ 100

Oct 5 58 → Nov 4 59 (+1)

Valuation

Is the price right?

85/100

Strong▼ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 87 → 85

Peer companies moved-2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield19.1%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 3.95Sector median: 0.0522 · MAD: 0.0351

EBITDA yield23.9%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 2.27Sector median: 0.1209 · MAD: 0.0518

Free cash flow yield3.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.64Sector median: 0.0618 · MAD: 0.0491

Other data (not scored)

Book yield42.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5851 · MAD: 0.2677

Growth

Is it growing?

83/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit33% base weight · Z-score 3.84Sector median: 0.0107 · MAD: 0.3431

3-year revenue growth2.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.45Sector median: -0.0135 · MAD: 0.0807

Revenue growth6.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.50Sector median: 0.0050 · MAD: 0.1101

Profitability

Does it earn well?

61/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin13.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.24Sector median: 0.1169 · MAD: 0.0936

Return on assets5.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.38Sector median: 0.0444 · MAD: 0.0302

Return on invested capital16.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.10Sector median: 0.0929 · MAD: 0.0648

Other data (not scored)

Gross margin38.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3310 · MAD: 0.1935

Return on equity45.4%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.1014 · MAD: 0.0743

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 5 → 6

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.02

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.86Sector median: 0.5680 · MAD: 0.2415

Current ratio1.89×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.02Sector median: 1.3710 · MAD: 0.5060

Debt / equity3.90×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -7.81Sector median: 0.4659 · MAD: 0.3175

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Nabors Industries

Is Nabors Industries getting weaker?: Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is unchanged at 59/100 since Oct 28, 2026.
How is Nabors Industries valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 85/100 against 404 energy peers. Earnings yield 19.1% vs a peer median of 5.2% (stronger than 93% of peers).Earnings yield 19.1% vs peers 5.2% (stronger than 93% of peers). Free cash flow yield 3.1% vs a peer median of 6.2% (weaker than 69% of peers).Free cash flow yield 3.1% vs peers 6.2% (weaker than 69% of peers).
Is Nabors Industries growing?: Yes, faster than most of its peers. Growth scores 83/100 against 404 energy peers. 3-year revenue growth 2.3% vs a peer median of -1.3% (stronger than 63% of peers).3-year revenue growth 2.3% vs peers -1.3% (stronger than 63% of peers).
How profitable is Nabors Industries?: More profitable than most of its peers. Profitability scores 61/100 against 404 energy peers. Return on invested capital 16.4% vs a peer median of 9.3% (stronger than 73% of peers).Return on invested capital 16.4% vs peers 9.3% (stronger than 73% of peers).
How risky is Nabors Industries?: Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Current ratio 1.89× vs a peer median of 1.37× (stronger than 71% of peers).Current ratio 1.89× vs peers 1.37× (stronger than 71% of peers). Debt / equity 3.90× vs a peer median of 0.47× (weaker than 100% of peers).Debt / equity 3.90× vs peers 0.47× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 31, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.2B USD	3.2B USD	−0.6%
Net income (12 months)	238.5M USD	247.1M USD	+3.6%
Operating margin	14.4%	13.9%	−0.5 pts
Free cash flow (12 months)	2.9M USD	39.7M USD	+1258.0%
Debt	2.1B USD	2.1B USD	+0.1%
Cash	500.8M USD	509.8M USD	+1.8%
Shares outstanding	16.0M	16.0M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	36.2%	37.2%	40.4%	—	—	—
Operating margin	-4.0%	1.7%	14.4%	14.2%	14.8%	▲ 0.6 pts
Net margin	-28.2%	-13.2%	-0.4%	-6.0%	9.0%	▲ 15 pts
Return on assets (ROA)	-10.3%	-7.4%	-0.2%	-3.9%	6.0%	▲ 9.9 pts
Return on equity (ROE)	-96.4%	-94.9%	-3.6%	-130.4%	48.5%	▲ 179 pts
Free cash flow margin	9.7%	4.8%	3.2%	0.5%	-0.7%	▼ 1.2 pts
Current ratio	2.86×	1.68×	1.36×	1.75×	1.56×	▼ 11%
Quick ratio	2.62×	1.46×	1.23×	1.52×	1.47×	▼ 3.5%
Debt to equity	5.52×	6.88×	9.62×	18.56×	4.22×	▼ 77%
Interest coverage	-0.47×	0.25×	2.34×	1.98×	2.19×	▲ 11%

NBR price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.02 vs a peer median of 0.57) and more debt relative to equity (3.90× vs a peer median of 0.47×)higher risk: bigger price swings (beta 1.02 vs peers 0.57) and more debt vs equity (3.90× vs peers 0.47×)

Ranks #127 of 363 energy companies (top 35%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. 2025 operating profit includes a $432M gain on selling assets; without it the operating margin was about 1.2%.

Nabors Industries's 2025 operating profit of $471M includes a one-off $432M gain on selling assets or businesses. Without it, operations would have earned $39M, an operating margin of about 1.2%.

Profit isn't fully turning into cash. Free cash flow is only 16% of reported profit.

Free cash flow is only 16% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Much more borrowing than peers. Debt is 3.9× equity vs a peer median of 0.5×.Debt is 3.9× equity vs peers 0.5×.

Debt is 3.9× shareholders' equity, against a peer median of 0.5×, among the highest 10% of its peer group.Debt is 3.9× shareholders' equity, vs peers 0.5×, among the highest 10% of its peer group.

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

Nabors Industries made a profit per share in its latest year after a loss the year before.

Questions investors ask about Nabors Industries

Is Nabors Industries getting weaker?

Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is unchanged at 59/100 since Oct 28, 2026.

How is Nabors Industries valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 85/100 against 404 energy peers. Earnings yield 19.1% vs a peer median of 5.2% (stronger than 93% of peers).Earnings yield 19.1% vs peers 5.2% (stronger than 93% of peers). Free cash flow yield 3.1% vs a peer median of 6.2% (weaker than 69% of peers).Free cash flow yield 3.1% vs peers 6.2% (weaker than 69% of peers).

Is Nabors Industries growing?

Yes, faster than most of its peers. Growth scores 83/100 against 404 energy peers. 3-year revenue growth 2.3% vs a peer median of -1.3% (stronger than 63% of peers).3-year revenue growth 2.3% vs peers -1.3% (stronger than 63% of peers).

How profitable is Nabors Industries?

More profitable than most of its peers. Profitability scores 61/100 against 404 energy peers. Return on invested capital 16.4% vs a peer median of 9.3% (stronger than 73% of peers).Return on invested capital 16.4% vs peers 9.3% (stronger than 73% of peers).

How risky is Nabors Industries?

Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Current ratio 1.89× vs a peer median of 1.37× (stronger than 71% of peers).Current ratio 1.89× vs peers 1.37× (stronger than 71% of peers). Debt / equity 3.90× vs a peer median of 0.47× (weaker than 100% of peers).Debt / equity 3.90× vs peers 0.47× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.2B USD

3.2B USD

−0.6%

Net income (12 months)

238.5M USD

247.1M USD

+3.6%

Operating margin

14.4%

13.9%

−0.5 pts

Free cash flow (12 months)

2.9M USD

39.7M USD

+1258.0%

Debt

2.1B USD

2.1B USD

+0.1%

Cash

500.8M USD

509.8M USD

+1.8%

Shares outstanding

16.0M

16.0M

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

36.2%

37.2%

40.4%

—

Operating margin

-4.0%

1.7%

14.4%

14.2%

14.8%

▲ 0.6 pts

Net margin

-28.2%

-13.2%

-0.4%

-6.0%

9.0%

▲ 15 pts

Return on assets (ROA)

-10.3%

-7.4%

-0.2%

-3.9%

6.0%

▲ 9.9 pts

Return on equity (ROE)

-96.4%

-94.9%

-3.6%

-130.4%

48.5%

▲ 179 pts

Free cash flow margin

9.7%

4.8%

3.2%

0.5%

-0.7%

▼ 1.2 pts

Current ratio

2.86×

1.68×

1.36×

1.75×

1.56×

▼ 11%

Quick ratio

2.62×

1.46×

1.23×

1.52×

1.47×

▼ 3.5%

Debt to equity

5.52×

6.88×

9.62×

18.56×

4.22×

▼ 77%

Interest coverage

-0.47×

0.25×

2.34×

1.98×

2.19×

▲ 11%