Independence Contract Drilling Past Earnings Performance
Past criteria checks 0/6
Independence Contract Drilling has been growing earnings at an average annual rate of 12.1%, while the Energy Services industry saw earnings growing at 51.8% annually. Revenues have been growing at an average rate of 8.1% per year.
Key information
12.1%
Earnings growth rate
38.6%
EPS growth rate
| Energy Services Industry Growth | 23.7% |
| Revenue growth rate | 8.1% |
| Return on equity | -50.1% |
| Net Margin | -40.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet
Jun 20
Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?
May 09Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher
Feb 29We Think Independence Contract Drilling (NYSE:ICD) Is Taking Some Risk With Its Debt
Jan 10Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business
Nov 10Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt
Jun 14Independence Contract Drilling Navigates Through Operational Challenges
Jun 08Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?
Feb 22Independence Contract Drilling: Repricing And Profit Growth Potential Are Alluring
Feb 03Independence Contract Drilling Non-GAAP EPS of -$0.35, revenue of $49.1M
Nov 01Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?
Oct 28Independence Contract Drilling: Rig Reactivation And Margin Expansion Will Drive It
Oct 06Independence Contract Drilling: Await The Repricing And Contract Renewals
Jul 13Independence Contract Drilling: Better Quality Rigs And Repricing Will Outdo Cash Flow Concerns
Apr 06Independence Contract Drilling: Improved Revenue And Margin Can Bail Out Cash Flow Crunch
Jan 14Revenue & Expenses Breakdown
How Independence Contract Drilling makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 174 | -70 | 17 | 0 |
| 30 Jun 24 | 180 | -59 | 21 | 0 |
| 31 Mar 24 | 193 | -47 | 22 | 0 |
| 31 Dec 23 | 210 | -38 | 24 | 0 |
| 30 Sep 23 | 225 | -8 | 27 | 0 |
| 30 Jun 23 | 230 | -8 | 27 | 0 |
| 31 Mar 23 | 215 | -7 | 26 | 0 |
| 31 Dec 22 | 187 | -65 | 25 | 0 |
| 30 Sep 22 | 155 | -100 | 21 | 0 |
| 30 Jun 22 | 130 | -97 | 18 | 0 |
| 31 Mar 22 | 107 | -109 | 17 | 0 |
| 31 Dec 21 | 88 | -67 | 16 | 0 |
| 30 Sep 21 | 73 | -78 | 15 | 0 |
| 30 Jun 21 | 59 | -89 | 14 | 0 |
| 31 Mar 21 | 60 | -84 | 13 | 0 |
| 31 Dec 20 | 83 | -97 | 13 | 0 |
| 30 Sep 20 | 115 | -89 | 15 | 0 |
| 30 Jun 20 | 150 | -84 | 16 | 0 |
| 31 Mar 20 | 182 | -87 | 15 | 0 |
| 31 Dec 19 | 204 | -61 | 16 | 0 |
| 30 Sep 19 | 221 | -34 | 16 | 0 |
| 30 Jun 19 | 204 | -28 | 16 | 0 |
| 31 Mar 19 | 177 | -18 | 17 | 0 |
| 31 Dec 18 | 143 | -20 | 16 | 0 |
| 30 Sep 18 | 105 | -17 | 14 | 0 |
| 30 Jun 18 | 100 | -19 | 13 | 0 |
| 31 Mar 18 | 95 | -22 | 13 | 0 |
| 31 Dec 17 | 90 | -24 | 13 | 0 |
| 30 Sep 17 | 83 | -29 | 13 | 0 |
| 30 Jun 17 | 74 | -30 | 13 | 0 |
| 31 Mar 17 | 68 | -28 | 15 | 0 |
| 31 Dec 16 | 70 | -22 | 15 | 0 |
| 30 Sep 16 | 76 | -17 | 15 | 0 |
| 30 Jun 16 | 83 | -13 | 16 | 0 |
| 31 Mar 16 | 89 | -10 | 14 | 0 |
| 31 Dec 15 | 88 | -8 | 14 | 0 |
| 30 Sep 15 | 88 | -27 | 16 | 0 |
| 30 Jun 15 | 86 | -25 | 16 | 0 |
| 31 Mar 15 | 79 | -23 | 14 | 0 |
| 31 Dec 14 | 70 | -28 | 12 | 0 |
| 30 Sep 14 | 60 | -4 | 11 | 0 |
| 30 Jun 14 | 53 | -2 | 8 | 0 |
| 31 Mar 14 | 48 | -4 | 9 | 0 |
Quality Earnings: ICDI.Q is currently unprofitable.
Growing Profit Margin: ICDI.Q is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ICDI.Q is unprofitable, but has reduced losses over the past 5 years at a rate of 12.1% per year.
Accelerating Growth: Unable to compare ICDI.Q's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ICDI.Q is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (24.1%).
Return on Equity
High ROE: ICDI.Q has a negative Return on Equity (-50.08%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 20:26 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Independence Contract Drilling, Inc. is covered by 12 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas Curran | B. Riley Securities, Inc. |
| Luke Lemoine | Capital One Securities, Inc. |
| Sonny Randhawa | D.A. Davidson & Co. |