Nabors Industries (NBR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Nabors Industries

NYSE•Energy•Oil & Gas Drilling

$90.84-2.13(-0.02%)Market closed

Market Cap

$1.22B

P/E

4.9x

P/S

0.4x

P/B

2.2x

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure that integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.

How this company scores

GoodMetricSide Score: 66/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability25/25

Growth18/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality14/25

Strengths

Strong marginsHigh ROERising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 4.9x5y range 2.6x – 5.2x

Currently above its 4-quarter median.

P/S · 0.4x5y range 0.1x – 0.6x

Currently near its 20-quarter median.

P/B · 2.2x5y range 1.0x – 3.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.22B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.21B
Q. Revenue: $814.79M
TTM EBITDA: $1.19B
TTM Op. Income: $551.75M
Q. Op. Income: $110.44M
TTM Net Income: $247.05M
Q. Net Income: $-22.33M
EPS: $-2.04
Shares Out.: $14.27M

$3.21B in TTM revenue grew 6.1% YoY, reaching $814.79M last quarter. TTM EBITDA of $1.19B and TTM operating income of $551.75M show growth is flowing through to the bottom line. TTM net income of $247.05M means revenue is converting into profit. Over the past year, TTM revenue is up 6% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 37.7%
EBITDA Margin: 33.3%
Op. Margin: 13.6%
Net Margin: -2.7%

Op. margin of 13.6% is up 4.7% YoY — cost efficiency is improving. Net margin at -2.7% and gross margin of 37.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 54% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 4.9x
P/S Ratio: 0.4x
P/B Ratio: 2.2x

At 4.9x P/E, the stock trades below typical market levels. P/S of 0.4x and P/B of 2.2x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.42B
Cash: $509.78M
Long-Term Debt: $2.12B
Book Value: $544.13M
D/E Ratio: 3.9
Debt/EBITDA: 7.8

With $4.42B in assets and $2.12B in long-term debt, D/E is 3.9and book value is $544.13M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $135.24M
TTM Free Cash Flow: $39.65M
FCF Margin: 1.2%
FCF / Net Income: 0.2

TTM FCF of $39.65M on $135.24M in operating cash flow. The FCF / Net Income ratio of 0.2x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.