Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems …
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Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.78), demonstrating pricing resilience across cycles.
Where NBR ranks in Energy: Upstream (E&P/Drilling)
Nabors Industries Ltd. ranks #55 of 102
scored companies in Energy: Upstream (E&P/Drilling) by moat score — the top 54%.
The widest moat in the group is Texas Pacific Land Corporation (TPL)
at 84/100.
Moat scores for companies ranked near NBR in Energy: Upstream (E&P/Drilling)
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 40
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 55
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 52
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 52
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 37
· 15% of the moat score
Scale matters only when it converts into economics.
Nabors Industries Ltd. (NBR) scores 47 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #55 of 102 scored companies in Energy: Upstream (E&P/Drilling), the top 54%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 101 companies in Energy: Upstream (E&P/Drilling). Its strongest defense is Customer Stickiness (55/100) and its weakest is Scale & Market Position (37/100).
How does Nabors Industries Ltd. compare with other Energy: Upstream (E&P/Drilling) companies?
Nabors Industries Ltd. ranks #55 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score. The widest moat in Energy: Upstream (E&P/Drilling) is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Expand Energy Corporation (EXE) at 47 just above it and Comstock Resources, Inc. (CRK) at 46 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 101 companies in Energy: Upstream (E&P/Drilling). The defenses are then weighted to produce the overall score out of 100.
Why is Nabors Industries Ltd. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Nabors Industries Ltd.?
The Corporate Default template measures 6 defenses, and NBR scores: Pricing Power (45), Cost Advantage (40), Customer Stickiness (55), Capital Efficiency (52), Resilience (52), Scale & Market Position (37). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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