Nabors Industries Ltd (NBR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -119,137 | -78,156 | -70,852 | -23,092 | 67,436 | 21,990 | 58,962 | -45,661 | -288,725 | -341,104 | -459,389 | -557,115 | -513,651 | -487,762 | -529,206 | -501,582 | -748,355 | -915,168 | -849,033 | -897,533 |
| 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 |
| Pretax margin | -4.21% | -2.82% | -2.59% | -0.84% | 2.39% | 0.78% | 2.08% | -1.70% | -11.82% | -11.78% | -17.04% | -21.73% | -20.80% | -27.17% | -31.30% | -29.10% | -37.80% | -40.66% | -33.02% | -31.98% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-119,137K ÷ $2,827,277K
= -4.21%
Nabors Industries Ltd's pretax margin has shown a significant improvement over the period from March 31, 2020, to December 31, 2024. The pretax margin started at a low point of -31.98% in March 2020 but gradually improved to -4.21% by December 2024.
The company experienced fluctuations in the pretax margin during this period, with some quarters showing negative margins and others showing positive margins. The trend overall, however, indicates a positive trajectory with the pretax margin moving from negative values to approaching breakeven and even achieving positive values in some quarters.
This improvement in the pretax margin reflects the company's efforts to control costs, increase operational efficiency, and possibly generate higher revenues over time. It suggests a positive trend in the company's profitability and financial performance, which may be of interest to investors and stakeholders considering Nabors Industries Ltd as an investment opportunity.
Peer comparison
Dec 31, 2024