Nabors Industries Ltd (NBR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 815,183 | 476,118 | 971,710 | 924,992 | 1,067,180 |
| Revenue | US$ in thousands | 2,849,710 | 2,370,550 | 2,472,160 | 2,597,540 | 3,502,510 |
| Gross profit margin | 28.61% | 20.08% | 39.31% | 35.61% | 30.47% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $815,183K ÷ $2,849,710K
= 28.61%
The gross profit margin of Nabors Industries Ltd has shown a generally positive trend over the past five years, increasing from 36.61% in 2019 to 40.44% in 2023. This indicates that the company has been able to improve its efficiency in generating profits from its revenue during this period. The consistent growth in the gross profit margin suggests effective cost management and pricing strategies, which have contributed to the company's profitability. Overall, the upward trend in the gross profit margin reflects positively on Nabors Industries Ltd's operational performance and financial health.
Peer comparison
Dec 31, 2023