Independence Contract Drilling Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Independence Contract Drilling Inc (ICDI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Independence Contract Drilling Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 174M vs 156,076M combined for tracked competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-12.6% annualized vs trailing 12 months), vs holding steady (-1.5%) for its tracked peer group.
- Growth: Independence Contract Drilling Inc generated -14.0% revenue growth year over year in Q3 2024, vs 7.3% for its tracked competitors combined.
- Profitability: Its -48.7% net margin compares with 5.3% for the peer group.
- Peer revenue share: Independence Contract Drilling Inc accounted for 0.1% of combined revenue among its tracked peer group, down from 0.1% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ICDI Sales vs. its Competitors, Q3 2024
Independence Contract Drilling Inc reported revenue contraction of 13.98 % year on year in Q3 2024, below its competitors' combined revenue growth of 7.27 %.
With a net margin of -48.68 %, Independence Contract Drilling Inc reported lower profitability than its competitors (5.34 %).
Independence Contract Drilling Inc generated 0.10 % of the combined sales of its peer group, down from 0.12 % a year earlier.
Independence Contract Drilling Inc vs. its Competitors, Q3 2024
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Independence Contract Drilling Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Independence Contract Drilling inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Independence Contract Drilling Inc's competitor groups requires a Commercial License.
For context: the Oil Well Services & Equipment industry grew revenue -11.7% year over year, combined, vs -14.0% for Independence Contract Drilling Inc. Independence Contract Drilling Inc's share of combined industry revenue moved from 0.22% to 0.21%, a loss of 0.01 percentage points.
Independence Contract Drilling Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Independence Contract Drilling inc | No | No | No | Yes |
| Competitors combined (22) | ||||
| High-Confidence Competitors (6) | ||||
| Similar Growth & Profitability (8) | 12.50 % (1 of 8) | 0.00 % (0 of 8) | 37.50 % (3 of 8) | 50.00 % (3 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ICDI Stock Performance relative to its Competitors
ICDI Stock Performance relative to High-Confidence Competitors
ICDI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Matson inc | 282.9% | Outperformed |
| 2 | Nabors Industries Ltd | 282.9% | Outperformed |
| 3 | Patterson uti Energy Inc | 282.9% | Outperformed |
| 4 | Helmerich and Payne inc | 282.9% | Outperformed |
| 5 | Transocean ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Independence Contract Drilling Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Independence Contract Drilling Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Independence Contract Drilling inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Independence Contract Drilling inc | 0.23 | 173.78 |
| Slb Limited | 77,543.94 | 36,365.00 |
| Baker Hughes Company | 57,120.00 | 27,893.00 |
| Halliburton Company | 27,176.34 | 22,373.00 |
| Dover Corp | 25,955.69 | 8,420.56 |
| Loews Corp | 21,574.57 | 18,694.00 |
| SUBTOTAL | 266,480.90 | 157,671.24 |
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Sources: Independence Contract Drilling inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Independence Contract Drilling inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Independence Contract Drilling Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| BPX Operating Company | Named by the company | 85% |
| Indigo Minerals, LLC | Named by the company | 85% |
| GeoSouthern Energy Corporation | Named by the company | 85% |
| Precision Drilling Corporation | Named by the company | 85% |
| Diamondback Energy, Inc. | Named by the company | 85% |
| Nabors Industries, Ltd. | Named by the company | 85% |
| Helmerich & Payne, Inc. | Named by the company | 85% |
| Southwestern Energy Company | Named by the company | 85% |
| Endeavor Energy Resources | Named by the company | 85% |
| Patterson-UTI Energy, Inc. | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Independence Contract Drilling Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Independence Contract Drilling Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Slb Limited | Production Systems 42.03 % |
| Baker Hughes Company | Oilfield Services and Equipment 52.34 % |
| Halliburton Company | Completion and Production 55.83 % |
| Dover Corp | Clean Energy & Fueling 27.17 % |
| Loews Corp | CNA Financial Corporation 80.72 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Independence Contract Drilling Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Independence Contract Drilling inc | 0 | - | - |
| Slb Limited | 77,544 | 333,624 | 28,899 |
| Baker Hughes Company | 57,120 | 498,089 | 56,304 |
| Halliburton Company | 27,176 | 466,104 | 33,479 |
| Dover Corp | 25,956 | 350,857 | 90,018 |
| Loews Corp | 21,575 | 1,427,023 | 136,565 |
| PEERS TOTAL | 266,481 | 429,753 | 31,959 |
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Independence Contract Drilling Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Slb Limited | Middle East 28.67 % |
| Halliburton Company | North America 39.54 % |
| Dover Corp | United States 55.59 % |
| Transocean ltd | US 35.61 % |
| Helmerich and Payne inc | United States 58.76 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Independence Contract Drilling Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil Well Services & Equipment industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (31 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 28.94 % | 36.50 % (avg) | -7.6 pp |
| Operating Margin | -19.03 % | industry median | -27.7 pp |
| EBITDA Margin | -2.89 % | 10.27 % (avg) | -13.2 pp |
| Capital Intensity (Capex / Revenue) | 16.04 % | 12.97 % (avg) | +3.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Independence Contract Drilling Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -54.08 % | -20.76 % | 28.47 % | 58.44 % | 42.77 % | -23.78 % | 112.28 % | 12.53 % |
| Operating Margin | -5.60 % | -27.02 % | -23.36 % | -8.65 % | -22.84 % | -49.02 % | -1.12 % | -1.77 % |
| Return on Invested Capital | -1.04 % | -3.45 % | -3.96 % | -1.98 % | -5.35 % | -7.44 % | -0.37 % | -0.64 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Independence Contract Drilling Inc's Strategic Group Map
Every company in Independence Contract Drilling Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Independence Contract Drilling Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Independence Contract Drilling Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 16.04 % vs industry average 12.97 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Independence Contract Drilling Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Independence Contract Drilling Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Independence Contract Drilling Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Independence Contract Drilling Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Independence Contract Drilling Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 27.7 points below the industry median.
- Return on equity 44.7 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-12.6% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (30.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Independence Contract Drilling Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Independence Contract Drilling inc | 0.17 | 1.09 | 1.05 |
| Slb Limited | 0.20 | 1.37 | 0.38 |
| Baker Hughes Company | - | 1.58 | 0.46 |
| Halliburton Company | 0.36 | 2.02 | 0.68 |
| Dover Corp | - | 1.91 | 0.45 |
| Loews Corp | 0.05 | 0.89 | 0.47 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Independence Contract Drilling Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Independence Contract Drilling inc | Q3 2024 | -14.0 % | - |
| Slb Limited | Q2 2026 | +5.0 % | -22.2 % |
| Baker Hughes Company | Q1 2026 | +2.5 % | +129.3 % |
| Halliburton Company | Q2 2026 | +3.7 % | +11.3 % |
| Dover Corp | Q2 2026 | +6.9 % | -50.5 % |
| Loews Corp | Q2 2026 | +3.9 % | +13.2 % |
| PEERS TOTAL | +2.5 % | +48.0 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Independence Contract Drilling Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Independence Contract Drilling inc | Q3 2024 | +7.9 % | +19.6 % |
| Slb Limited | Q2 2026 | +79.3 % | +29.0 % |
| Baker Hughes Company | Q1 2026 | +3.1 % | +12.0 % |
| Halliburton Company | Q2 2026 | - | -33.6 % |
| Dover Corp | Q2 2026 | +6.4 % | -21.6 % |
| Loews Corp | Q2 2026 | +2.6 % | +92.5 % |
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Independence Contract Drilling Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Independence Contract Drilling inc | - | - | - |
| Slb Limited | 5.73% | 7.18% | 11.58% |
| Baker Hughes Company | 7.43% | 11.19% | 16.88% |
| Halliburton Company | 6.36% | 7.98% | 15.08% |
| Dover Corp | 15.99% | 19.97% | 28.56% |
| Loews Corp | 2.07% | 2.73% | 9.12% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Independence Contract Drilling Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Independence Contract Drilling inc | - | 0.00 |
| Slb Limited | 24.64 | 2.13 |
| Baker Hughes Company | 18.28 | 2.05 |
| Halliburton Company | 17.07 | 1.21 |
| Dover Corp | 23.10 | 3.08 |
| Loews Corp | 12.89 | 1.15 |
| PEERS AVERAGE | 22.89 | 1.69 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.