Weatherford International plc WFRD
Weatherford International plc, an Irish public limited company, together with its subsidiaries ("Weatherford," the "Company," "we," "us" and "our"), is a leading global energy services company providing equipment and services used in the drilling, evaluation, well construction, completion, production, intervention, and responsible abandonment of wells in the oil and natural gas exploration and production industry as well as new energy platforms.
We conduct business in approximately 75 countries, answering the challenges of the energy industry with approximately 305 operating locations including manufacturing, research and development, service, and training facilities. Our operational performance is reviewed and managed across the life cycle of the well, and we report in three segments (1) Drilling and Evaluation, (2) Well Construction and Completions, and (3) Production and Intervention.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.92B | $5.51B | $5.13B | $4.33B | $3.65B | $3.69B | $4.95B | $5.74B | $5.70B | $5.75B |
| Cost of revenue | — | — | — | — | — | — | — | — | $2.75B | $3.05B |
| Gross profit | — | — | — | — | — | — | $1.10B | $1.23B | $810.0M | $560.0M |
| R&D | $108.0M | $123.0M | $112.0M | $90.0M | $85.0M | $97.0M | $136.0M | $139.0M | $158.0M | $159.0M |
| SG&A | — | — | — | — | — | — | $118.0M | $130.0M | $130.0M | $138.0M |
| Total operating expenses | $4.16B | $4.58B | $4.32B | $3.92B | $3.53B | $5.17B | $6.14B | $7.83B | $7.87B | $7.99B |
| Operating income | $756.0M | $938.0M | $820.0M | $412.0M | $116.0M | -$1.49B | -$1.18B | -$2.08B | -$2.17B | -$2.25B |
| Pre-tax income | $554.0M | $739.0M | $506.0M | $138.0M | -$343.0M | -$1.81B | $3.82B | -$2.76B | -$2.66B | -$2.88B |
| Income tax | $97.0M | $189.0M | $57.0M | $87.0M | $86.0M | $85.0M | $135.0M | $34.0M | $137.0M | $496.0M |
| Net income | $431.0M | $506.0M | $417.0M | $26.0M | -$450.0M | -$1.92B | $3.66B | -$2.81B | -$2.81B | -$3.39B |
| EPS, basic | 5.96 | 6.93 | 5.79 | 0.37 | -6.43 | -27.44 | — | — | — | -3.82 |
| EPS, diluted | 5.93 | 6.75 | 5.66 | 0.36 | -6.43 | -27.44 | 3.65 | -2.82 | -2.84 | -3.82 |
| Shares, diluted (wtd. avg.) | $72.6M | $74.9M | $73.6M | $71.6M | $70.0M | $70.0M | $1.00B | $997.0M | $990.0M | $887.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $987.0M | $916.0M | $1.06B | $1.11B | $1.11B | $1.28B | $800.0M | $602.0M | $613.0M | $1.04B |
| Receivables | $1.23B | $1.26B | $1.22B | $989.0M | $825.0M | $826.0M | $1.16B | $1.13B | $1.05B | $1.38B |
| Inventory | $836.0M | $880.0M | $788.0M | $689.0M | $670.0M | $717.0M | $972.0M | $1.02B | $1.23B | $1.80B |
| Total current assets | $3.37B | $3.40B | $3.35B | $3.04B | $2.91B | $3.18B | $3.45B | $3.45B | $3.88B | $4.91B |
| Property, plant and equipment | $1.12B | $1.06B | $957.0M | $918.0M | $996.0M | $1.24B | $2.12B | $2.09B | $2.71B | $4.48B |
| Goodwill | — | — | — | — | — | $0 | $0 | $713.0M | $2.73B | $2.80B |
| Other intangibles | $285.0M | $325.0M | $370.0M | $506.0M | $657.0M | $810.0M | $1.11B | $213.0M | $213.0M | $248.0M |
| Total assets | $5.20B | $5.16B | $5.07B | $4.72B | $4.77B | $5.43B | $7.29B | $6.60B | $9.75B | $12.66B |
| Accounts payable | $650.0M | $792.0M | $679.0M | $460.0M | $380.0M | $325.0M | $585.0M | $732.0M | $856.0M | $845.0M |
| Short-term debt | — | — | — | $45.0M | $12.0M | $13.0M | $13.0M | $383.0M | $148.0M | $179.0M |
| Total current liabilities | $1.54B | $1.70B | $1.87B | $1.47B | $1.33B | $1.36B | $1.71B | $2.30B | $2.23B | $2.43B |
| Long-term debt | $1.42B | $1.59B | $1.83B | — | $2.37B | $2.55B | — | — | — | — |
| Total liabilities | $3.50B | $3.88B | $4.15B | $4.17B | $4.28B | $4.50B | $4.38B | $10.27B | $10.32B | $10.60B |
| Retained earnings | -$1.13B | -$1.49B | -$1.95B | -$2.37B | -$2.40B | -$1.95B | -$26.0M | -$8.67B | -$5.76B | -$2.95B |
| Total equity | $1.70B | $1.28B | $922.0M | $551.0M | $496.0M | $937.0M | $2.92B | -$3.67B | -$571.0M | $2.07B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $676.0M | $792.0M | $832.0M | $349.0M | $322.0M | $210.0M | -$747.0M | -$242.0M | -$388.0M | -$304.0M |
| Depreciation and amortisation | $267.0M | $343.0M | $327.0M | $349.0M | $440.0M | $503.0M | $447.0M | $556.0M | $801.0M | $956.0M |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | $87.0M |
| Capital expenditure | $226.0M | $299.0M | $209.0M | $132.0M | $85.0M | $154.0M | $250.0M | $186.0M | $225.0M | $204.0M |
| Investing cash flow | -$145.0M | -$293.0M | -$289.0M | -$54.0M | -$83.0M | -$75.0M | $149.0M | $122.0M | -$62.0M | -$137.0M |
| Financing cash flow | -$474.0M | -$511.0M | -$514.0M | -$248.0M | -$403.0M | $348.0M | $749.0M | $168.0M | $20.0M | $1.06B |
| Dividends paid | $72.0M | $36.0M | $0 | $0 | — | — | — | — | — | — |
| Buybacks | $101.0M | $99.0M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-166847.
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