Filing Flows › Nabors Industries (NBR) › Q4 2025
Nabors Industries (NBR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Nabors Industries (NBR) reported revenue of $798M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -3% from the quarter before. Operating margin was 14.2%, net earnings $10.3M (1.3% of revenue).
Nabors Industries, Q4 2025: revenue $798M (+9% year over year), operating margin 14.2%, net earnings $10.3M, operating cash flow $246M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $798M | -3% | +9% |
| Operating profit | $114M | -11% | +7% |
| Net earnings | $10.3M | -96% | — |
| Operating cash flow | $246M | +18% | +65% |
| Free cash flow | $132M | — | — |
What changed
Revenue was $797.5M in Q4 2025, up 9% year over year and down 3% from the previous quarter.
Operating profit was $113.6M, a 14.2% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 15% margin then. Total costs grew 10% against revenue growth of 9%. The fastest-growing cost line was General & admin (+24%). Net earnings were $10.3M. The effective tax rate was 30.5%.
Operating cash flow was $245.8M (up 65% year over year), 1447% of net income including minority interests. Non-cash charges added back $8.8M of share-based compensation. Working capital and other items added $220.1M. After capital expenditures, net of proceeds from sales of assets ($114.0M), free cash flow as the company reports it was $131.8M.
Questions
What was Nabors Industries' revenue in the fourth quarter 2025?
Nabors Industries (NBR) reported revenue of $798M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -3% from the quarter before.
Was Nabors Industries profitable in the fourth quarter 2025?
Operating profit was $114M (14.2% of revenue) and net earnings $10.3M.
Source: Nabors Industries 10-K on SEC EDGAR.