Middle East & Asia was Nabors Industries’s largest region in fiscal 2025, bringing in $1.25B of $3.18B (39%).
| Geography | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | — | — | — | — | |||||||||
| Outside The U.S | — | — | — | — | |||||||||
| Lower 48 | $1.18B | $1.37B | $1.13B | $1.08B | |||||||||
| Middle East & Asia | $911.94M | $1.08B | $1.14B | $1.25B | |||||||||
| Latin America | $340.34M | $397.05M | $448.63M | $465.26M | |||||||||
| Europe, Africa & Cis | $96.93M | $71.63M | $91.58M | $145.94M | |||||||||
| Europe Africa & Cis | — | — | — | — | |||||||||
| U.S. Offshore Gulf Of Mexico | $133.20M | — | — | — | |||||||||
| Offshore Gulf Of Mexico | — | — | — | — | |||||||||
| U.S. Offshore | — | $129.37M | $117.20M | $123.34M | |||||||||
| Alaska | $65.88M | $38.87M | $50.88M | $125.47M | |||||||||
| Canada | $7.25M | $8.79M | $8.18M | $55.13M | |||||||||
| Canada Drilling | — | — | — | — | |||||||||
| Other Items | -$84.61M | -$91.42M | -$59.84M | -$57.04M | |||||||||
| Other Reconciling Items | — | — | — | — | |||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||
| Other Reconciling Items (1) | — | — | — | — | |||||||||
| Total | $2.65B | $3.01B | $2.93B | $3.18B |
Nabors Industries brought in $3.18B from its eight regions in fiscal 2025, the year ended December 31, 2025. That was up 8.7% from $2.93B in fiscal 2024. Middle East & Asia was the largest at $1.25B (39.3%), ahead of Lower 48 at $1.08B (33.8%) and Latin America at $465.26M (14.6%). The other four regions brought in $449.88M combined.
Compared with fiscal 2024, Alaska grew fastest, up 146.6% to $125.47M, while Lower 48 fell the most, down 4.7% to $1.08B.
Nabors Industries began breaking out U.S. Offshore in fiscal 2023, when it brought in $129.37M. Nabors Industries stopped reporting U.S. Offshore Gulf Of Mexico as a separate region after fiscal 2022, when it brought in $133.20M. The total is net of Other Items, which took $57.04M off revenue in fiscal 2025.
International Drilling was Nabors Industries’s largest segment in fiscal 2025, bringing in $1.60B of $3.18B (50%).
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drilling & Rig Technologies | — | — | — | — | |||||||||
| Drilling & Rig Services | — | — | — | — | |||||||||
| Completion & Production Services | — | — | — | — | |||||||||
| International Drilling | $1.20B | $1.35B | $1.45B | $1.60B | |||||||||
| International Excluding Canada | — | — | — | — | |||||||||
| U.S. Drilling | $1.10B | $1.21B | $1.03B | $976.64M | |||||||||
| Us | — | — | — | — | |||||||||
| Drilling Solutions | $243.35M | $301.76M | $314.07M | $513.28M | |||||||||
| Rig Services | — | — | — | — | |||||||||
| Rig Technologies | $195.13M | $242.77M | $201.68M | $154.04M | |||||||||
| Canada Drilling | — | — | — | — | |||||||||
| Canada | — | — | — | — | |||||||||
| Other | -$84.61M | -$91.42M | -$59.84M | -$57.04M | |||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||
| Other Reconciling Items | — | — | — | — | |||||||||
| Other Reconciling Items (1) | — | — | — | — | |||||||||
| Other Reconciling Items (3) | — | — | — | — | |||||||||
| Total | $2.65B | $3.01B | $2.93B | $3.18B |
Nabors Industries brought in $3.18B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 8.7% from $2.93B in fiscal 2024. International Drilling was the largest at $1.60B (50.2%), ahead of U.S. Drilling at $976.64M (30.7%) and Drilling Solutions at $513.28M (16.1%). The remaining segment, Rig Technologies, brought in $154.04M.
Compared with fiscal 2024, Drilling Solutions grew fastest, up 63.4% to $513.28M, while Rig Technologies fell the most, down 23.6% to $154.04M. From fiscal 2022 to 2025, combined revenue from these segments grew from $2.65B to $3.18B, a compound annual growth rate of 6.3%. International Drilling's share of the total rose from 45.2% to 50.2%.
The total is net of Other, which took $57.04M off revenue in fiscal 2025.
Scenario Previously Reported was Nabors Industries’s largest revenue line in fiscal 2011, bringing in $6.09B of $6.12B (100%).
| Scenario | FY 2011 |
|---|---|
| Scenario Previously Reported | $6.09B |
| Restatement Adjustment | $28.80M |
| Total | $6.12B |
Nabors Industries brought in $6.12B from its two revenue lines in fiscal 2011, the year ended December 31, 2011. Scenario Previously Reported was the largest at $6.09B (99.5%), ahead of Restatement Adjustment at $28.80M (0.5%).
Nabors Industries (NBR) reports its revenue by geography, by segment and by scenario. In fiscal 2025, Middle East & Asia was its largest region, bringing in $1.25B (39.3% of the total), followed by Lower 48 at $1.08B (33.8%).
Middle East & Asia was Nabors Industries' largest region in fiscal 2025, bringing in $1.25B, or 39.3% of the $3.18B total across its eight regions.
International Drilling was Nabors Industries' largest segment in fiscal 2025, bringing in $1.60B, or 50.2% of the $3.18B total across its five segments.
Scenario Previously Reported was Nabors Industries' largest revenue line in fiscal 2011, bringing in $6.09B, or 99.5% of the $6.12B total across its two revenue lines.
Among Nabors Industries' regions that make up at least 2% of revenue, Alaska grew fastest in fiscal 2025, up 146.6% from $50.88M to $125.47M.
Every figure comes from Nabors Industries' annual financial filings, as reported. Each line keeps the name Nabors Industries gives it, and years follow its fiscal calendar.
Nabors Industries' revenue by geography goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.