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

Nabors Industries brought in $3.2B of revenue in fiscal 2025, Valaris $2.4B in fiscal 2025. Revenue changed by +8.7% at Nabors Industries and +0.3% at Valaris on the year before, so Nabors Industries grew faster. Nabors Industries kept 9.0% of its revenue as net profit, Valaris 41.5%. Free cash flow was -$22.7M at Nabors Industries and $202.7M at Valaris.

Side by side, latest fiscal year

NBRVAL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.2B$2.4B
Revenue growth+8.7%+0.3%
Net income$286.6M$982.8M
Net margin9.0%41.5%
Free cash flow-$22.7M$202.7M
Free cash flow margin-0.7%8.6%
Earnings per share (diluted)$17.39$13.86
Cash$940.7M$599.4M
Debt$2.5B$1.1B
Price to earnings4.75.8
Market value$1.3B$5.6B
Dividend yieldn/an/a
Rank by revenue in sector#45 of 129 · Energy#52 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: $3.2BVAL FY2017: $1.8BVAL FY2018: $1.7BVAL FY2019: $2.1BVAL FY2020: $1.4BVAL FY2022: $1.6BVAL FY2023: $1.8BVAL FY2024: $2.4BVAL FY2025: $2.4BFY17FY18FY19FY20FY21FY22FY23FY24FY25
NBR $3.2BVAL $2.4B
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: $286.6MVAL FY2017: -$303.7MVAL FY2018: -$639.7MVAL FY2019: -$198MVAL FY2020: -$4.9BVAL FY2022: $176.5MVAL FY2023: $865.4MVAL FY2024: $373.4MVAL FY2025: $982.8MFY17FY18FY19FY20FY21FY22FY23FY24FY25
NBR $286.6MVAL $982.8M
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%VAL FY2017: -16.5%VAL FY2018: -37.5%VAL FY2019: -9.6%VAL FY2020: -340.2%VAL FY2022: 11.0%VAL FY2023: 48.5%VAL FY2024: 15.8%VAL FY2025: 41.5%FY17FY18FY19FY20FY21FY22FY23FY24FY25
NBR 9.0%VAL 41.5%
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%VAL FY2018: -7.5%VAL FY2019: +20.4%VAL FY2020: -30.5%VAL FY2023: +11.3%VAL FY2024: +32.4%VAL FY2025: +0.3%FY18FY19FY20FY21FY22FY23FY24FY25
NBR +8.7%VAL +0.3%
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: -$22.7MVAL FY2017: -$277.3MVAL FY2018: -$482.4MVAL FY2019: -$503.9MVAL FY2020: -$345.5MVAL FY2022: -$80MVAL FY2023: -$428.6MVAL FY2024: -$99.7MVAL FY2025: $202.7MFY17FY18FY19FY20FY21FY22FY23FY24FY25
NBR -$22.7MVAL $202.7M

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

Questions about Nabors Industries and Valaris

Which is bigger by revenue, Nabors Industries or Valaris?

Nabors Industries is bigger by revenue: $3.2B in fiscal 2025, against $2.4B for Valaris in fiscal 2025.

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

Nabors Industries had a net margin of 9.0% in fiscal 2025; Valaris had 41.5% in fiscal 2025.

Which grew revenue faster, Nabors Industries or Valaris?

In their latest fiscal years revenue changed by +8.7% at Nabors Industries and +0.3% at Valaris.

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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