Independence Contract Drilling Profit Margin

Independence Contract Drilling's profit margin stands at -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 9.85%. Stockcircle updates this page with the newest filings so you can track how the metric evolves quarter by quarter.

Independence Contract Drilling reported -40.36% in profit margin versus -3.69% a year earlier — a 993.7% 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 (9.85%) with a profit margin of -40.36%. That is roughly 509.6% below the sector mean. Peer context matters because what looks expensive or cheap in absolute terms can be normal for the sector.

A profit margin of -40.36% for Independence Contract Drilling means each unit of related capital or sales is generating that return rate. Higher is usually better for profitability metrics, but extremely high figures can reflect one-time items or thin equity bases. Review several years of data on this page before extrapolating.

The history chart shows how Independence Contract Drilling's profit margin 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.