Last 47 quarters of trend data · Energy · Oil & Gas Drilling
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Nabors Industries Ltd.'s quarterly P/E stands at 79.9x. EV/EBITDA has expanded 52.6% YoY to 2.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 5.05 | 79.85 | 0.61 | — | 4.78 | — | — | — | — | — | — | 75.02 | 7.42 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.43 | 0.24 | 0.19 | 0.10 | 0.17 | 0.18 | 0.20 | 0.22 | 0.27 | 0.26 | 0.38 | 0.28 | 0.39 |
| — | +34.1% | -5.7% | -53.7% | -38.6% | -29.7% | -47.1% | -20.0% | -30.2% | -44.6% | +15.4% | -42.1% | -30.8% | |
| P/B Ratio | 0.87 | 0.54 | 0.40 | 0.24 | 0.34 | 0.44 | 0.48 | 0.52 | 0.62 | 0.58 | 0.81 | 0.77 | 0.94 |
| — | +22.9% | -17.0% | -54.2% | -45.7% | -25.0% | -40.9% | -33.0% | -34.3% | -49.8% | +12.9% | -18.5% | +1.1% | |
| P/FCF | — | 2.30 | — | — | — | — | 9.44 | 3.02 | 75.64 | 3.90 | — | 9.02 | 8.52 |
| — | — | — | — | — | — | — | -66.5% | +788.3% | +9.2% | — | +31.0% | — | |
| EV / EBITDA | 3.29 | 2.70 | 2.71 | 1.56 | 3.38 | 1.77 | 1.74 | 1.79 | 1.91 | 1.81 | 2.19 | 1.87 | 2.05 |
| — | +52.6% | +55.5% | -12.9% | +76.8% | -2.2% | -20.4% | -4.2% | -6.7% | -17.4% | +1.8% | -29.8% | -30.7% | |
| EV / EBIT | 11.41 | 9.61 | 1.35 | 9.00 | 13.48 | 10.40 | 10.61 | 11.69 | 11.43 | 10.29 | 16.67 | 9.79 | 10.72 |
| — | -7.7% | -87.3% | -23.0% | +18.0% | +1.1% | -36.4% | +19.4% | +6.6% | -28.0% | -54.9% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Nabors Industries Ltd.'s operating margin was 7.8% in Q4 2025, down 1.5 pp QoQ and down 22.4 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 13.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 53.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.5% | 19.1% | 20.3% | 41.3% | 18.2% | 40.6% | 41.0% | 40.1% | 40.4% | 41.5% | 39.0% | 40.6% | 40.7% |
| — | -53.1% | -50.5% | +3.0% | -54.9% | -2.1% | +5.2% | -1.3% | -0.6% | +4.1% | +3.4% | +12.8% | +18.1% | |
| Operating Margin | 8.3% | 7.8% | 9.3% | 29.8% | 7.0% | 30.2% | 30.3% | 29.7% | 30.1% | 31.7% | 28.6% | 30.6% | 30.8% |
| — | -74.1% | -69.4% | +0.5% | -76.7% | -4.7% | +5.9% | -3.1% | -2.2% | +4.8% | +4.1% | +22.3% | +34.2% | |
| Net Margin | 7.8% | 0.3% | 31.5% | -3.7% | 4.5% | -7.4% | -7.6% | -4.4% | -4.7% | -2.3% | -6.7% | 0.6% | 6.3% |
| — | +104.6% | +513.4% | +15.4% | +195.8% | -219.6% | -14.5% | -830.3% | -174.1% | +74.7% | -235.6% | +104.6% | +119.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.8% | 0.2% | 17.1% | -2.1% | 2.5% | -4.4% | -4.5% | -2.5% | -2.7% | -1.3% | -3.9% | 0.4% | 4.0% |
| — | +104.1% | +482.8% | +16.0% | +192.6% | -250.7% | -13.7% | -756.2% | -168.0% | +77.3% | -265.3% | +106.2% | +129.5% | |
| ROA | 5.3% | 0.1% | 5.2% | -0.6% | 0.7% | -1.2% | -1.2% | -0.7% | -0.7% | -0.3% | -1.1% | 0.1% | 1.0% |
| — | +104.7% | +529.3% | +12.0% | +199.8% | -254.9% | -14.4% | -792.4% | -166.3% | +77.0% | -269.5% | +105.9% | +129.4% | |
| ROIC | 6.2% | 1.4% | 1.6% | 5.0% | 1.1% | 5.0% | 5.0% | 4.9% | 4.9% | 5.0% | 4.7% | 5.4% | 5.4% |
| — | -71.4% | -68.8% | +1.8% | -77.8% | -0.8% | +7.1% | -8.9% | -8.9% | -1.7% | +13.8% | +59.6% | +99.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Nabors Industries Ltd.'s Debt/EBITDA ratio is 11.6x, up from 10.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 10.6% YoY to 1.56x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.78 | 1.78 | 1.50 | 1.86 | 1.87 | 2.10 | 2.03 | 2.00 | 1.98 | 2.46 | 1.81 | 2.27 | 2.02 |
| — | -15.1% | -26.0% | -6.9% | -5.6% | -14.5% | +12.1% | -12.1% | -2.0% | +17.6% | -10.6% | +11.5% | +4.8% | |
| Debt / EBITDA | 2.81 | 11.58 | 9.98 | 6.34 | 13.08 | 6.72 | 6.59 | 6.66 | 6.65 | 8.04 | 6.75 | 6.36 | 6.37 |
| — | +72.2% | +51.6% | -4.8% | +96.7% | -16.4% | -2.4% | +4.8% | +4.3% | +26.4% | -6.1% | -22.0% | -28.2% | |
| Current Ratio | 1.56 | 1.56 | 2.09 | 1.79 | 1.80 | 1.75 | 1.88 | 1.82 | 1.78 | 1.36 | 1.82 | 1.80 | 1.87 |
| — | -10.6% | +11.6% | -2.0% | +0.7% | +28.9% | +3.3% | +1.5% | -4.9% | -19.2% | +5.2% | +2.0% | +2.0% | |
| Quick Ratio | 1.47 | 1.47 | 1.93 | 1.63 | 1.62 | 1.52 | 1.63 | 1.57 | 1.53 | 1.23 | 1.54 | 1.52 | 1.61 |
| — | -3.5% | +18.9% | +3.4% | +5.6% | +23.2% | +5.7% | +3.7% | -4.5% | -15.7% | +2.9% | -0.9% | +1.7% | |
| Interest Coverage | 1.22 | 1.23 | 8.73 | 1.31 | 0.95 | 1.20 | 1.13 | 1.12 | 1.26 | 1.38 | 1.11 | 1.63 | 1.71 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying NBR stock.
Nabors Industries Ltd.'s current P/E is 5.0x. The average P/E over the last 3 quarters is 28.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Nabors Industries Ltd.'s current operating margin is 8.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Nabors Industries Ltd.'s business trajectory between earnings reports.