Company / R&D Expense
NABORS INDUSTRIES LTD R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$53.1M
FY2025
5-year range
$49.9M / $57.1M
FY2021-FY2025
Trend
-7.0%
vs FY2024
Sector context
#9 of 13
Energy
What the data says
At $53M, NABORS INDUSTRIES LTD's r&d expense ranks #9 of 13 in the Energy sector. R&D Expense has fluctuated over the past 10 years, ranging from $34M in FY2018 to $57M in FY2024.
Based on SEC 10-K filings.
$53M in FY2025 with a 5-year CAGR of -1.1%.
Declined from $56M to $53M over the past 2 years.
Energy sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +2.0%
- 5-Year CAGR
- -1.1%
- 10-Year CAGR
- -
Sector benchmark
#9 of 13 in EnergyTop 69% of 13This company $53.1M Sector average $286.9M
▼
-81.5% below sector average
Key checks
Key Insights
- 5-year CAGR of -1.1%, indicating a declining trend.
- In FY2025, r&d expense decreased 7.0% year-over-year.
- Ranks #9 out of 13 companies in the Energy sector.
- Peak r&d expense was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score 0.79 (distress zone, below 1.8 threshold)
- Negative profit margin: -6.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $53.1M | -7.0% |
| FY2024 | $57.1M | +1.4% |
| FY2023 | $56.3M | +12.7% |
| FY2022 | $49.9M | -0.8% |
| FY2021 | $50.4M | -10.3% |
| FY2020 | $56.1M | +9.9% |
| FY2019 | $51.1M | +52.1% |
| FY2018 | $33.6M | -18.6% |
| FY2017 | $41.3M | -17.0% |
| FY2016 | $49.7M | +9.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026