Nabors Industries Ltd (NBR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 629,586 | 796,894 | 740,026 | 724,467 | 790,327 | 755,188 | 786,617 | 694,381 | 547,982 | 1,116,185 | 1,015,906 | 982,231 | 969,310 | 696,610 | 664,708 | 688,480 | 511,928 | 782,793 | 787,751 | 735,422 |
| Revenue (ttm) | US$ in thousands | 2,827,277 | 2,775,554 | 2,732,938 | 2,733,763 | 2,824,854 | 2,824,158 | 2,835,559 | 2,686,524 | 2,442,417 | 2,896,069 | 2,695,320 | 2,563,727 | 2,469,769 | 1,795,405 | 1,690,978 | 1,723,505 | 1,980,035 | 2,250,900 | 2,571,586 | 2,806,404 |
| Gross profit margin | 22.27% | 28.71% | 27.08% | 26.50% | 27.98% | 26.74% | 27.74% | 25.85% | 22.44% | 38.54% | 37.69% | 38.31% | 39.25% | 38.80% | 39.31% | 39.95% | 25.85% | 34.78% | 30.63% | 26.21% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $629,586K ÷ $2,827,277K
= 22.27%
The gross profit margin of Nabors Industries Ltd has exhibited some fluctuations over the last few years. From March 31, 2020, to June 30, 2022, there was a consistent upward trend in the gross profit margin, indicating improved efficiency in generating profits from sales. The peak gross profit margin of 39.95% was recorded on March 31, 2021.
However, there was a slight dip by the end of 2022, with the gross profit margin dropping to 22.44% on December 31, 2022. This significant decrease suggests a potential decline in the company's ability to control production costs and generate profits.
Over the subsequent periods from 2023 to 2024, the gross profit margin fluctuated within a range of 22.27% to 28.71%. These fluctuations may be indicative of various internal and external factors impacting the company's profitability during this period.
Overall, it is important for Nabors Industries Ltd to closely monitor and address factors affecting their gross profit margin to ensure sustained profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2024