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Independence Contract Drilling inc   (ICD)
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ICD's Revenue Growth by Quarter and Year

Independence Contract Drilling Inc 's Revenue results by quarter and year




ICD Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 45.83 60.26 28.56 10.22
III Quarter September 44.16 49.15 24.04 21.38
II Quarter June 56.36 42.31 19.82 38.49
I Quarter March 63.76 34.99 15.54 45.29
FY   210.11 186.71 87.96 115.38



ICD Revenue fourth quarter 2023 Y/Y Growth Comment
Independence Contract Drilling Inc reported decline in Revenue in the fourth quarter 2023 by -23.95% to $ 45.83 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Independence Contract Drilling Inc 's Revenue compares unfavorably to the Company's average Revenue doubling of 122.12%.

According to the results reported in the fourth quarter 2023, Independence Contract Drilling Inc achieved the best Revenue growth in Oil Well Services & Equipment industry. While Independence Contract Drilling Inc ' s Revenue fall of -23.95% ranks overall at the positon no. 305 in the fourth quarter 2023.




ICD Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -23.95 % 110.99 % 179.45 % -77.32 %
III Quarter September -10.15 % 104.45 % 12.44 % -59.57 %
II Quarter June 33.21 % 113.47 % -48.51 % -36.23 %
I Quarter March 82.22 % 125.16 % -65.69 % -27.87 %
FY   12.53 % 112.27 % -23.76 % -47.82 %

Financial Statements
Independence Contract Drilling Inc 's fourth quarter 2023 Revenue $ 45.83 millions ICD's Income Statement
Independence Contract Drilling Inc 's fourth quarter 2022 Revenue $ 60.26 millions Quarterly ICD's Income Statement
New: More ICD's historic Revenue Growth >>


ICD Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 3.78 % 22.6 % 18.8 % -52.2 %
III Quarter September -21.65 % 16.17 % 21.29 % -44.45 %
II Quarter June -11.61 % 20.92 % 27.54 % -15.01 %
I Quarter March 5.81 % 22.51 % 52.05 % 0.49 %
FY (Year on Year)   12.53 % 112.27 % -23.76 % -47.82 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil Well Services & Equipment Industry #1
Energy Sector #7
Overall #305

Revenue Y/Y Growth Statistics
High Average Low
1991.31 % 122.12 % -63.15 %
(Mar 31 2016)   (Jun 30 2021)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil Well Services & Equipment Industry #1
Energy Sector #7
Overall #305
Revenue Y/Y Growth Statistics
High Average Low
1991.31 % 122.12 % -63.15 %
(Mar 31 2016)   (Jun 30 2021)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Independence Contract Drilling Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
120.78 % 5.06 % -52.18 %
(Dec 31 2018)  


ICD's IV. Quarter Q/Q Revenue Comment
Independence Contract Drilling inc achieved in the IV. Quarter 2023 below company average Revenue growth of 3.78% quarter on quarter, to $ 45.83 millions.

Within Oil Well Services & Equipment industry 2 other companies have achieved higher Revenue quarter on quarter growth. While Independence Contract Drilling Inc 's Revenue growth quarter on quarter, overall rank is 705.


Revenue Q/Q Growth Company Ranking
Within: No.
Oil Well Services & Equipment Industry #3
Energy Sector #26
Overall #705
Revenue Q/Q Growth Company Ranking
Within: No.
Oil Well Services & Equipment Industry #3
Energy Sector #26
Overall #705
Revenue Q/Q Growth Statistics
High Average Low
120.78 % 5.06 % -52.18 %
(Dec 31 2018)  


ICD's IV. Quarter Q/Q Revenue Comment
Independence Contract Drilling inc achieved in the IV. Quarter 2023 below company average Revenue growth of 3.78% quarter on quarter, to $ 45.83 millions.

Within Oil Well Services & Equipment industry 2 other companies have achieved higher Revenue quarter on quarter growth. While Independence Contract Drilling Inc 's Revenue growth quarter on quarter, overall rank is 705.


Independence Contract Drilling Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 210.11 $ 224.54 $ 229.52 $ 215.48 $ 186.71
Y / Y Revenue Growth (TTM) 12.53 % 44.85 % 76.69 % 100.62 % 112.28 %
Year on Year Revenue Growth Overall Ranking # 36 # 33 # 223 # 569 # 2248
Seqeuential Revenue Change (TTM) -6.43 % -2.17 % 6.52 % 15.41 % 20.45 %
Seq. Revenue Growth (TTM) Overall Ranking # 305 # 273 # 761 # 658 # 568




Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Dec 31 2023 period, Independence Contract Drilling Inc 's cumulative twelve months Revenue were $ 210 millions, company would post below average annual Revenue growth of 20.45% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Independence Contract Drilling Inc 's Revenue growth from the 44.16% growth in Sep 30 2023. Despite that, Independence Contract Drilling Inc showed the highest Revenue growth, among it's peers in Oil Well Services & Equipment industry.

Among companies within the Energy sector 2 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 33 to 36.

Revenue TTM Q/Q Growth Statistics
High Average Low
1991.31 %
122.12 %
-63.15 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Oil Well Services & Equipment Industry # 1
Energy Sector # 3
Overall # 36

Revenue TTM Y/Y Growth Statistics
High Average Low
1991.31 %
122.12 %
-63.15 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 7
S&P 500 # 305
Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Dec 31 2023 period, Independence Contract Drilling Inc 's cumulative twelve months Revenue were $ 210 millions, company would post below average annual Revenue growth of -63.15% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Independence Contract Drilling Inc 's Revenue growth from the 44.16% growth in Sep 30 2023. Despite that, Independence Contract Drilling Inc showed the highest Revenue growth, among it's peers in Oil Well Services & Equipment industry.

Among companies within the Energy sector 2 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 33 to 36.

Revenue TTM Q/Q Growth Statistics
High Average Low
1991.31 %
122.12 %
-63.15 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Oil Well Services & Equipment Industry # 1
Energy Sector # 3
Overall # 36

Revenue TTM Y/Y Growth Statistics
High Average Low
1991.31 %
122.12 %
-63.15 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 7
S&P 500 # 305




Other Revenue Growth
Oil Well Services & Equipment Industry Revenue Growth Trends and Statistics
Energy Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
ICD's Revenue Growth Ratio versus Oil Well Services & Equipment Industry, Energy Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for ICD's Competitors
Revenue Growth for Independence Contract Drilling Inc 's Suppliers
Revenue Growth for ICD's Customers

You may also want to know
ICD's Annual Growth Rates ICD's Profitability Ratios ICD's Asset Turnover Ratio ICD's Dividend Growth
ICD's Roe ICD's Valuation Ratios ICD's Financial Strength Ratios ICD's Dividend Payout Ratio
ICD's Roa ICD's Inventory Turnover Ratio ICD's Growth Rates ICD's Dividend Comparisons



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