The historical rank and industry rank for Nabors Industries's Pretax Margin % or its related term are showing as below:
NBR'
s Pretax Margin % Range Over the Past 10 Years
Min: -53.78 Med: -18.16 Max: 4.3
Current: 4.3
NBR's Pretax Margin % is ranked worse than 55.21% of 978
companies
in the Oil & Gas industry
Industry Median: 6.42
vs NBR: 4.30
Nabors Industries Pretax Margin % Historical Data
The historical data trend for Nabors Industries's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Nabors Industries's Pretax Margin %
For the Oil & Gas Drilling subindustry, Nabors Industries's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nabors Industries's Pretax Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Nabors Industries's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Nabors Industries's Pretax Margin % falls into.
Nabors Industries Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Nabors Industries's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Nabors Industries Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Nabors Industries's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nabors Industries (Nabors Industries) Business Description
Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.
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