NABORS INDUSTRIES LTD
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.2B | $2.9B | $3.0B | $2.7B | $2.0B |
| Cost of revenue | — | — | $1.8B | $1.7B | $1.3B |
| Research and development | $53.1M | $57.1M | $56.3M | $49.9M | $35.2M |
| Operating income | $471.1M | $416.8M | $433.7M | $44.3M | -$80.8M |
| Interest expense | $215.4M | $210.9M | $185.3M | $177.9M | $171.5M |
| Pretax income | $537.5M | -$31.0M | $129.1M | -$245.7M | -$488.1M |
| Income tax expense | $163.1M | $56.9M | $79.2M | $61.5M | $55.6M |
| Net income | $286.6M | -$176.1M | -$11.8M | -$350.3M | -$569.3M |
| Balance Sheet | |||||
| Cash and equivalents | $940.7M | $389.7M | $1.1B | $451.0M | $991.5M |
| Current assets | $1.6B | $999.5M | $1.6B | $1.0B | $1.5B |
| Total assets | $4.8B | $4.5B | $5.3B | $4.7B | $5.5B |
| Current liabilities | $993.0M | $571.9M | $1.2B | $596.4M | $525.2M |
| Total liabilities | $3.4B | $3.3B | $4.0B | $3.5B | $4.1B |
| Total debt | $2.5B | $2.5B | $3.2B | $2.6B | $3.3B |
| Stockholders' equity | $590.7M | $135.0M | $326.6M | $369.0M | $590.7M |
| Cash Flow Statement | |||||
| Cash from operations | $693.3M | $581.4M | $637.9M | $501.1M | $428.8M |
| Depreciation and amortization | $648.8M | $632.9M | $645.3M | $665.1M | $693.4M |
| Stock-based compensation | $23.4M | $16.5M | $15.8M | $15.8M | $19.4M |
| Capital expenditure | $715.9M | $567.9M | $540.9M | $373.4M | $234.0M |
| Free cash flow | -$22.7M | $13.5M | $97.0M | $127.6M | $194.7M |
| Dividends paid | — | $87,000 | $194,000 | $65,000 | $7.4M |
| Impairments | $26.5M | — | — | — | — |
Shares outstanding 16.0M · Free float 6.0%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.