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Nabors Industries vs Noble: revenue, profit, margins and growth compared

Nabors Industries brought in $3.2B of revenue in fiscal 2025, Noble $3.3B in fiscal 2025. Revenue changed by +8.7% at Nabors Industries and +7.4% at Noble on the year before, so Nabors Industries grew faster. Nabors Industries kept 9.0% of its revenue as net profit, Noble 6.6%. Free cash flow was -$22.7M at Nabors Industries and $432.2M at Noble.

Side by side, latest fiscal year

NBRNE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.2B$3.3B
Revenue growth+8.7%+7.4%
Net income$286.6M$216.7M
Net margin9.0%6.6%
Free cash flow-$22.7M$432.2M
Free cash flow margin-0.7%13.2%
Earnings per share (diluted)$17.39$1.35
Cash$940.7M$471.4M
Debt$2.5B$2B
Price to earnings4.731.7
Market value$1.3B$6.8B
Dividend yieldn/a4.67%
Rank by revenue in sector#45 of 129 · Energy#44 of 129 · Energy

Over the years

Revenue
NBR FY2018: $3.1BNBR FY2019: $3BNBR FY2020: $2.1BNBR FY2021: $2BNBR FY2022: $2.7BNBR FY2023: $3BNBR FY2024: $2.9BNBR FY2025: $3.2BNE FY2020: $964.3MNE FY2022: $1.4BNE FY2023: $2.6BNE FY2024: $3.1BNE FY2025: $3.3BFY18FY19FY20FY21FY22FY23FY24FY25
NBR $3.2BNE $3.3B
Net income
NBR FY2018: -$640.9MNBR FY2019: -$702.9MNBR FY2020: -$805.6MNBR FY2021: -$569.3MNBR FY2022: -$350.3MNBR FY2023: -$11.8MNBR FY2024: -$176.1MNBR FY2025: $286.6MNE FY2020: -$4BNE FY2022: $168.9MNE FY2023: $481.9MNE FY2024: $448.4MNE FY2025: $216.7MFY18FY19FY20FY21FY22FY23FY24FY25
NBR $286.6MNE $216.7M
Net margin
NBR FY2018: -21.0%NBR FY2019: -23.1%NBR FY2020: -37.8%NBR FY2021: -28.2%NBR FY2022: -13.2%NBR FY2023: -0.4%NBR FY2024: -6.0%NBR FY2025: 9.0%NE FY2020: -412.6%NE FY2022: 11.9%NE FY2023: 18.6%NE FY2024: 14.7%NE FY2025: 6.6%FY18FY19FY20FY21FY22FY23FY24FY25
NBR 9.0%NE 6.6%
Revenue growth
NBR FY2019: -0.5%NBR FY2020: -29.9%NBR FY2021: -5.5%NBR FY2022: +31.5%NBR FY2023: +13.3%NBR FY2024: -2.5%NBR FY2025: +8.7%NE FY2023: +83.1%NE FY2024: +18.1%NE FY2025: +7.4%FY19FY20FY21FY22FY23FY24FY25
NBR +8.7%NE +7.4%
Free cash flow
NBR FY2018: -$133.2MNBR FY2019: $256.8MNBR FY2020: $154.2MNBR FY2021: $194.7MNBR FY2022: $127.6MNBR FY2023: $97MNBR FY2024: $13.5MNBR FY2025: -$22.7MNE FY2020: $124.3MNE FY2022: $106.7MNE FY2023: $164.8MNE FY2024: $80.2MNE FY2025: $432.2MFY18FY19FY20FY21FY22FY23FY24FY25
NBR -$22.7MNE $432.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Nabors Industries and Noble

Which is bigger by revenue, Nabors Industries or Noble?

Noble is bigger by revenue: $3.3B in fiscal 2025, against $3.2B for Nabors Industries in fiscal 2025.

Which keeps more of its revenue as profit, Nabors Industries or Noble?

Nabors Industries had a net margin of 9.0% in fiscal 2025; Noble had 6.6% in fiscal 2025.

Which grew revenue faster, Nabors Industries or Noble?

In their latest fiscal years revenue changed by +8.7% at Nabors Industries and +7.4% at Noble.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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