Independence Contract Drilling EBIT

The latest EBIT for ICD is $-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 $710B. Investors often review this figure alongside Independence Contract Drilling's historical trend and sector peers before judging valuation or financial health.

Over the past year, ICD's EBIT moved from $9.8M to $-37M — a 478.4% year-over-year decrease. If the trend continues in the same direction for several quarters, it can signal a meaningful shift in Independence Contract Drilling's operating scale or balance-sheet position.

Against Energy companies, ICD currently prints $-37M for EBIT, while the sector average sits near $710B. That is roughly 100.0% below the sector mean. Large gaps often invite a closer look at Independence Contract Drilling's growth, margins, and balance sheet.

A EBIT figure of $-37M for ICD is a snapshot of scale on that line item. On its own it does not say whether the business is healthy — you also want growth rate, margins, and how the number compares with similar companies. The Energy average is about $710B. Explore the charts below for those layers of context.

After noting ICD's EBIT ($-37M), review year-over-year change from $9.8M, peer averages, and a few neighboring metrics such as revenue, margins, or valuation multiples. That combination usually beats staring at a single figure. The navigation links on this page jump you to those related views.