Nabors Industries Ltd (NBR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 433,707 | 194,401 | -80,787 | -171,461 | 89,145 |
| Revenue | US$ in thousands | 2,849,710 | 2,370,550 | 2,472,160 | 2,597,540 | 3,502,510 |
| Operating profit margin | 15.22% | 8.20% | -3.27% | -6.60% | 2.55% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $433,707K ÷ $2,849,710K
= 15.22%
The operating profit margin of Nabors Industries Ltd has shown a positive trend over the past five years, indicating improvements in the company's operational efficiency and profitability. The margin has increased from negative values in 2020 and 2021 to 8.98% in 2023, reflecting a significant enhancement in the company's ability to generate profits from its core operations. This positive trend suggests that Nabors Industries Ltd has been successful in managing its operating costs and increasing revenues relative to the size of its operations. Overall, the improving operating profit margin is a positive indication of the company's financial performance and strategic management efforts.
Peer comparison
Dec 31, 2023