Nabors Industries Ltd (NBR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -11,784 | -350,261 | -569,272 | -805,641 | -702,885 |
| Revenue | US$ in thousands | 2,849,710 | 2,370,550 | 2,472,160 | 2,597,540 | 3,502,510 |
| Net profit margin | -0.41% | -14.78% | -23.03% | -31.02% | -20.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-11,784K ÷ $2,849,710K
= -0.41%
The net profit margin of Nabors Industries Ltd has shown a notable improvement over the past five years. From a low of -39.26% in 2020, there has been a consistent upward trend in the net profit margin, with the margin improving to -1.67% in 2023. This suggests that the company has been able to enhance its profitability relative to its revenue over the years, indicating better cost management or revenue growth strategies. However, it's essential to note that even though the net profit margin has improved, it remains negative, indicating that the company is still incurring losses relative to its revenue. Further analysis may be required to understand the specific factors driving these improvements and assess the overall financial health of Nabors Industries Ltd.
Peer comparison
Dec 31, 2023