Weatherford International (WFRD) financial statements
Weatherford International reported revenue of $4.9B in fiscal 2025, down 1.6% a year over 9 years.
Net income was $431M and the operating margin 15.4%, against -38.1% in 2017.
Free cash flow was $450M, and the company returned $72M in dividends and $101M in net buybacks.
The diluted share count fell 93% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Weatherford International's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.7B | $5.7B | $5.0B | $5.0B | $3.7B | $3.6B | $4.3B | $5.1B | $5.5B | $4.9B |
| Cost of revenue | $2.1B | — | — | — | — | — | — | — | — | — |
| Gross profit | $810M | $1.2B | — | $1.1B | — | — | — | — | — | — |
| Research and development | $158M | $139M | $136M | — | $97M | $85M | $90M | $112M | $123M | $108M |
| Selling, general and admin | $130M | $130M | $118M | — | — | — | — | — | — | — |
| Operating income | -$2.2B | -$2.1B | -$1.2B | — | -$1.5B | $116M | $412M | $820M | $938M | $756M |
| Pre-tax income | -$2.7B | -$2.8B | $3.8B | — | -$1.8B | -$343M | $138M | $506M | $739M | $554M |
| Income tax | $137M | $34M | $135M | — | $85M | $86M | $87M | $57M | $189M | $97M |
| Net income | -$2.8B | -$2.8B | $3.7B | $3.7B | -$1.9B | -$450M | $26M | $417M | $506M | $431M |
| EPS (diluted) | -$2.84 | -$2.82 | $3.65 | $3.65 | -$27.44 | -$6.43 | $0.36 | $5.66 | $6.75 | $5.93 |
| Diluted shares | 990M | 997M | 1.00B | 1.00B | 70M | 70M | 72M | 74M | 75M | 73M |
| Gross margin | 14.2% | 21.4% | — | 22.2% | — | — | — | — | — | — |
| Operating margin | -38.1% | -36.3% | -23.9% | — | -40.3% | 3.2% | 9.5% | 16.0% | 17.0% | 15.4% |
| Net margin | -49.4% | -48.9% | 73.9% | 73.9% | -52.1% | -12.3% | 0.6% | 8.1% | 9.2% | 8.8% |
Balance sheet
Fiscal years, from Weatherford International's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $613M | $602M | $754M | $618M | $1.1B | $951M | $910M | $958M | $916M | $987M |
| Receivables | $1.1B | $1.1B | — | $1.2B | $826M | $825M | $989M | $1.2B | $1.3B | $1.2B |
| Inventory | $1.2B | $1.0B | — | $972M | $717M | $670M | $689M | $788M | $880M | $836M |
| Total current assets | $3.9B | $3.5B | — | $3.5B | $3.2B | $2.9B | $3.0B | $3.3B | $3.4B | $3.4B |
| Property, plant and equipment | $2.7B | $2.1B | — | $2.1B | $1.2B | $996M | $918M | $957M | $1.1B | $1.1B |
| Goodwill | $2.7B | $713M | $0 | $239M | $0 | — | — | — | — | — |
| Total assets | $9.7B | $6.6B | — | $7.3B | $5.4B | $4.8B | $4.7B | $5.1B | $5.2B | $5.2B |
| Total current liabilities | $2.2B | $2.3B | $1.7B | $1.7B | $1.4B | $1.3B | $1.5B | $1.9B | $1.7B | $1.5B |
| Long-term debt | $7.5B | $7.6B | — | $2.2B | $2.6B | $2.4B | $2.2B | $1.7B | $1.6B | $1.5B |
| Total liabilities | $10.3B | $10.3B | — | $4.4B | $4.5B | $4.3B | $4.2B | $4.1B | $3.9B | $3.5B |
| Shareholders' equity | -$626M | -$3.7B | $2.9B | $2.9B | $907M | $472M | $535M | $924M | $1.3B | $1.7B |
| Net debt | $7.1B | $7.4B | -$754M | $1.5B | $1.5B | $1.5B | $1.3B | $757M | $701M | $468M |
Cash flow
Fiscal years, from Weatherford International's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$388M | -$242M | -$747M | — | $210M | $322M | $349M | $832M | $792M | $676M |
| Capital spending | $225M | $186M | $250M | — | $154M | $85M | $132M | $209M | $299M | $226M |
| Free cash flow | -$613M | -$428M | -$997M | — | $56M | $237M | $217M | $623M | $493M | $450M |
| Stock-based compensation | $70M | $47M | $46M | — | $0 | $25M | $25M | $35M | $45M | $38M |
| Dividends paid | — | — | — | — | — | — | $0 | $0 | $36M | $72M |
| Share buybacks (net) | — | — | — | — | — | — | $0 | $0 | -$99M | -$101M |
| Net borrowing | $122M | $744M | $1.3B | — | $426M | $2.1B | $0 | $0 | $0 | $1.2B |
| Free cash flow margin | -10.8% | -7.5% | -20.1% | — | 1.5% | 6.5% | 5.0% | 12.1% | 8.9% | 9.2% |
| Dividends per share | — | — | — | — | — | — | — | — | $0.48 | $0.99 |
Questions
What was Weatherford International's revenue in 2025?
$4.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Weatherford International generate?
$450M in fiscal 2025 (operating cash flow minus capital spending).
From Weatherford International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.