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 158,307M combined for its competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-12.6% annualized vs trailing 12 months), vs decelerating (-2.8%) 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 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.
API endpoints for this dataset
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 Independence Contract Drilling Inc reports; 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 (4) | $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 -5.0% 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 0.20%, a loss of 0.02 percentage points.
Independence Contract Drilling Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Independence Contract Drilling inc | No | No | No | No |
| Competitors combined (22) | ||||
| High-Confidence Competitors (6) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 0.00 % (0 of 8) | 12.50 % (1 of 8) | 0.00 % (0 of 8) |
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 | Patterson uti Energy Inc | 282.9% | Outperformed |
| 3 | Nabors Industries Ltd | 282.9% | Outperformed |
| 4 | Seadrill Limited | 282.9% | Outperformed |
| 5 | Noble Corporation Plc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Independence Contract Drilling Inc's best-performing 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 |
76,212.27 | 36,886.00 |
 Dover Corp |
28,252.89 | 8,576.81 |
 Halliburton Company |
27,256.32 | 22,476.00 |
 Loews Corp |
22,877.06 | 18,782.00 |
 Lineage Inc |
7,964.04 | 5,386.00 |
| SUBTOTAL | 209,827.76 | 159,902.47 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
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 Independence Contract Drilling Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Nabors Industries, Ltd. | Company report | 85% |
| Helmerich & Payne, Inc. | Company report | 85% |
| Patterson-UTI Energy, Inc. | Company report | 85% |
| Precision Drilling Corporation | Company report | 85% |
| Southwestern Energy Company | Company report | 85% |
| Endeavor Energy Resources | Company report | 85% |
| Indigo Minerals, LLC | Company report | 85% |
| BPX Operating Company | Company report | 85% |
| GeoSouthern Energy Corporation | Company report | 85% |
| Diamondback Energy, Inc. | Company report | 85% |
| Diamond Offshore Drilling Inc | Company report | 85% |
| Transocean ltd | Company report | 85% |
| Patterson uti Energy Inc | Company report | 85% |
| Oil States International Inc | Company report | 85% |
| Borr Drilling Limited | Company report | 85% |
| Nov Inc | Company report | 85% |
| Valaris Limited | Company report | 85% |
| Noble Corporation Plc | Company report | 85% |
| Superior Drilling Products Inc | Company report | 85% |
| Basic Energy Services Inc | Company report | 85% |
| Npk International Inc | Company report | 85% |
| Seadrill Limited | Company report | 85% |
| Lineage Inc | Company report | 85% |
| Vantage Drilling International | Company report | 85% |
Company report basis, confidence, active dates and source counts for Independence Contract Drilling Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
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 42.33 % |
| Dover Corp | Clean Energy & Fueling 27.13 % |
| Halliburton Company | Completion and Production 54.16 % |
| Loews Corp | CNA Financial Corporation 80.29 % |
| Lineage Inc | Global Warehousing 74.14 % |
Source: operating segment revenue as reported in each company's reports (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 | 76,212 | 338,404 | 28,541 |
| Dover Corp | 28,253 | 357,367 | 75,230 |
| Halliburton Company | 27,256 | 468,250 | 41,750 |
| Loews Corp | 22,877 | 1,433,740 | 119,008 |
| Lineage Inc | 7,964 | 224,417 | -7,875 |
| PEERS TOTAL | 209,828 | 435,841 | 36,094 |
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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 report. 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 29.71 % |
| Dover Corp | United States 56.96 % |
| Halliburton Company | North America 37.87 % |
| Transocean ltd | US 34.90 % |
| Helmerich and Payne inc | United States 58.76 % |
Source: revenue geography as reported in each company's reports (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 (42 companies). See the full Oil Well Services & Equipment industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.29 % | 24.27 % (avg) | -24.0 pp |
| Operating Margin | -0.19 % | industry median | -8.8 pp |
| EBITDA Margin | 0.09 % | 12.78 % (avg) | -12.7 pp |
| Capital Intensity (Capex / Revenue) | 16.04 % | 17.76 % (avg) | -1.7 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 company reports.| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -54.08 % | -20.76 % | 28.47 % | 58.44 % | 42.77 % | 5.44 % | 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
Independence Contract Drilling Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Independence Contract Drilling Inc's trailing-12-month revenue growth of -22.6% and operating margin of -0.2% compares with an average of -9.7% growth and 7.3% margin across its 8 closest peers by combined growth, margin and ROIC -- Independence Contract Drilling Inc sits below that peer average on growth and below it on margin.
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 | Moderate, in line with the industry | Capital intensity (capex / revenue) of 16.04 % vs industry average 17.76 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Independence Contract Drilling Inc's dedicated Suppliers and Customers pages, not here.
Independence Contract Drilling Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
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 8.8 points below the industry median.
- Latest-quarter revenue run-rate is decelerating (-12.6% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-2.8% annualized).
Methodology: see Methodology: SWOT Analysis.
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 | 0.19 | 1.37 | 0.38 |
| Dover Corp | - | 1.89 | 0.48 |
| Halliburton Company | 0.35 | 2.04 | 0.66 |
| Loews Corp | 0.04 | 0.89 | 0.46 |
| Lineage Inc | - | 0.85 | 0.67 |
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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 | Q3 2026 | +5.8 % | -5.0 % |
| Dover Corp | Q3 2026 | +7.5 % | -51.6 % |
| Halliburton Company | Q3 2026 | +1.8 % | +1,985.0 % |
| Loews Corp | Q3 2026 | +1.9 % | -42.9 % |
| Lineage Inc | Q2 2026 | +0.8 % | - |
| PEERS TOTAL | +5.5 % | +121.7 % |
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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 | Q3 2026 | +93.4 % | +15.0 % |
| Dover Corp | Q3 2026 | +6.9 % | +2.3 % |
| Halliburton Company | Q3 2026 | - | +1.9 % |
| Loews Corp | Q3 2026 | +1.9 % | +68.6 % |
| Lineage Inc | Q2 2026 | +1.7 % | -23.3 % |
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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 | 5.63% | 7.16% | 11.40% |
| Dover Corp | 13.30% | 16.39% | 23.89% |
| Halliburton Company | 7.85% | 9.85% | 18.41% |
| Loews Corp | 1.81% | 2.25% | 7.95% |
| Lineage Inc | - | - | - |
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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 | 24.48 | 2.07 |
| Dover Corp | 34.34 | 3.29 |
| Halliburton Company | 13.76 | 1.21 |
| Loews Corp | 15.77 | 1.22 |
| Lineage Inc | - | 1.48 |
| PEERS AVERAGE | 15.95 | 1.31 |
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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.