Nabors Industries Ltd (NBR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -176,084 | -11,784 | -350,261 | -569,272 | -805,641 |
| Revenue | US$ in thousands | 2,877,660 | 2,849,710 | 2,370,550 | 2,472,160 | 2,597,540 |
| Net profit margin | -6.12% | -0.41% | -14.78% | -23.03% | -31.02% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-176,084K ÷ $2,877,660K
= -6.12%
Based on the provided data, Nabors Industries Ltd has experienced a declining trend in its net profit margin over the years. The net profit margin was -31.02% as of December 31, 2020, which means that for every dollar of revenue generated, the company incurred a net loss of $0.31.
However, there has been an improvement in the net profit margin in subsequent years. By December 31, 2023, the net profit margin had improved significantly to -0.41%, indicating a much lower loss relative to revenue.
Despite this improvement, the company's net profit margin decreased again to -6.12% by December 31, 2024. This indicates that the company's profitability decreased compared to the previous year.
Overall, it is essential for Nabors Industries Ltd to continue monitoring its net profit margin closely and implement strategies to improve profitability and operational efficiency to ensure long-term sustainability and financial health.
Peer comparison
Dec 31, 2024