Nabors Industries Ltd (NBR)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -11,784 | -64,146 | -29,013 | -116,541 | -350,261 | -394,873 | -503,590 | -616,682 | -569,272 | -563,832 | -598,797 | -550,900 | -805,641 | -960,088 | -921,551 | -977,003 | -702,885 | -623,619 | -619,268 | -614,456 |
| Revenue (ttm) | US$ in thousands | 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 | 2,867,832 | 2,935,651 | 3,017,736 | 3,064,840 |
| Net profit margin | -0.42% | -2.27% | -1.02% | -4.34% | -14.34% | -13.63% | -18.68% | -24.05% | -23.05% | -31.40% | -35.41% | -31.96% | -40.69% | -42.65% | -35.84% | -34.81% | -24.51% | -21.24% | -20.52% | -20.05% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-11,784K ÷ $2,824,854K
= -0.42%
Net profit margin is a key profitability metric that indicates the percentage of revenue that translates into net income. For Nabors Industries Ltd, the net profit margin has fluctuated over the quarters indicated in the table.
In Q4 2023, the net profit margin stood at -1.67%, an improvement from the previous quarter's -2.97%. However, the company still experienced a negative margin, indicating that expenses continue to outpace revenues.
Comparing the current period to the same quarter in the previous year, there has been a significant improvement as Q4 2022 reported a net profit margin of -13.59%. This suggests that Nabors Industries Ltd has made progress in controlling costs and optimizing its operations.
Overall, while the recent trend shows improvements in net profit margin, the company still faces challenges in generating a positive bottom line. Further analysis of the underlying factors impacting profitability is needed to assess the sustainability of these improvements.
Peer comparison
Dec 31, 2023