WFRDWeatherford International plc

$88.00

Is the business good?

How good a business is WFRD?

Weatherford International plc earns 22% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

22%

Return on invested capital · cost of capital 9.0% · 13 points above what the capital costs: growth creates value

Operating margin
13%

Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q2 2026

Cash conversion
1.44×

Cash conversion · 0.98× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
−0.28%

Share count, year on year · flat: no meaningful dilution

Operating margin by fiscal year
YearOperating margin
FY2020−40%
FY20213.2%
FY20229.5%
FY202316%
FY202417%
FY202515%
Details
Operating margin12 months to Q2 2026
13%
Net margin12 months to Q2 2026
7.7%
Free cash flow margin
11%
R&D as % of revenue
1.9%
Revenue, trailing twelve months
$4.78B
Free cash flow, trailing twelve months
$526M
Net income, trailing twelve months
$366M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
22%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.