Nabors Industries Ltd (NBR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | -611,309 | -536,562 | -545,625 | -528,933 |
| 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 |
| Pretax margin | 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% | -21.32% | -18.28% | -18.08% | -17.26% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $67,436K ÷ $2,824,854K
= 2.39%
Nabors Industries Ltd has displayed varying levels of pretax margins over the past eight quarters. The company experienced growth in its pretax margin from Q1 2022 to Q1 2023, with the margin improving from -24.96% to 4.30%. Despite a decline in Q2 2023, the pretax margin remained positive. Notably, the company has shown considerable improvement compared to the negative margins seen in Q4 2022 and Q3 2022. Overall, the positive pretax margins in recent quarters indicate an enhanced financial performance and operational efficiency for Nabors Industries Ltd. Further analysis of the company's cost management strategies and revenue generation abilities could provide valuable insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023