Independence Contract Drilling EBIT

Independence Contract Drilling's ebit stands at $-37M as of September 2024. That compares with $9.8M in the prior-year period — down 478.4% year over year. That is below the Energy sector average of $88B. Stockcircle updates this page with the newest filings so you can track how the metric evolves quarter by quarter.

Independence Contract Drilling reported $-37M in EBIT versus $9.8M a year earlier — a 478.4% year-over-year decrease. The historical chart on this page makes it easier to see whether that move is part of a longer pattern.

Independence Contract Drilling sits lower the Energy benchmark ($88B) with a EBIT of $-37M. That is roughly 100.0% below the sector mean. Peer context matters because what looks expensive or cheap in absolute terms can be normal for the sector.

That compares with $9.8M in the prior-year period — down 478.4% year over year. Sustained growth in EBIT can support a stronger franchise, while sharp declines may reflect divestitures, weaker demand, or accounting changes. Always read YoY moves with the footnotes of recent filings in mind.

The history chart shows how Independence Contract Drilling's EBIT evolved across reporting periods, while the comparison chart places ICD next to similar companies. Use both: a rising metric that still lags peers tells a different story than a rising metric that already leads the group. Growth charts, when available, highlight acceleration or slowdown.