Independence Contract Drilling Profit Margin

Independence Contract Drilling (ICD) currently reports a profit margin of -40.36% as of September 2024. That compares with -3.69% in the prior-year period — down 993.7% year over year. That is below the Energy sector average of 11.48%. Use the charts on this page to explore Independence Contract Drilling's profit margin history and peer comparisons.

Independence Contract Drilling's profit margin decreased from -3.69% to -40.36% — a 993.7% 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 profit margin of -40.36% is lower than the Energy sector average of 11.48%. That is roughly 451.7% 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.

There is no universal 'good' profit margin, but Independence Contract Drilling's current -40.36% should be judged against Energy norms (sector average: 11.48%) and against ICD's own history. Strong, stable readings often indicate durable competitive advantage; volatile or declining ones deserve a closer look at margins and capital efficiency.

Start with the current profit margin of -40.36%, then check the historical chart for trend and the peer comparison chart for relative positioning. The Energy average is 11.48%. 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.