Independence Contract Drilling EBIT

Independence Contract Drilling (ICD) currently reports a EBIT of $-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 $200B. Use the charts on this page to explore Independence Contract Drilling's EBIT history and peer comparisons.

Independence Contract Drilling's EBIT decreased from $9.8M to $-37M — a 478.4% year-over-year decrease (period ending September 2024). Watching multi-year history on the chart below helps separate one-off swings from a lasting trend.

Independence Contract Drilling's EBIT of $-37M is lower than the Energy sector average of $200B. That is roughly 100.0% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.

Independence Contract Drilling reported $-37M in EBIT as of September 2024. That compares with $9.8M in the prior-year period — down 478.4% year over year. Absolute dollar amounts are most useful when compared with prior periods, peers, and related line items such as revenue, assets, or liabilities on Stockcircle.

Start with the current EBIT of $-37M, then check the historical chart for trend and the peer comparison chart for relative positioning. The Energy average is $200B. From there, open related valuation or income-statement pages for Independence Contract Drilling, and consider following ICD for alerts when major investors trade the stock.