Weatherford International plc has filed its 10-Q with the SEC, and its figures are now in our data. Revenue over the twelve months to Q3 2026 was $4.69 billion, which fell 5.7% on the year before. That growth rate was up 1.5 percentage points on the rate a quarter earlier.

Profitability

The trailing operating margin was 12.4%, down 2.8 percentage points from a year earlier. The trailing net margin was 8.6%. Net income over the twelve months was $405.0 million, which rose 0.0% on the year before.

Cash flow

Operating cash flow over the twelve months was $771.0 million, up 17.4% on the year before. Capital spending was $192.0 million, or 4.1% of revenue. Free cash flow, operating cash flow less capital spending, was $579.0 million, up 51.6% on the year before. Free cash flow was 12.3% of revenue (the free-cash-flow margin), up 4.7 percentage points from a year earlier.

Share count

The average diluted share count fell 1.2% over the year.

Against its own history

Today’s free-cash-flow margin of 12.3% is higher than 98% of the company’s own past quarterly readings, which have ranged from −15.0% to 12.7%. Today’s operating margin of 12.4% is higher than 70% of the company’s own past quarterly readings, which have ranged from −53.2% to 17.3%. Today’s twelve-month revenue growth rate of −5.7% is higher than 53% of the company’s own past quarterly readings, which have ranged from −43.4% to 22.4%.

Guidance

The company gave its beginning in 2027 guidance for annual cash savings from Delaware redomestication: $20.0 million to $30.0 million. The company gave its annualized guidance for reduction in annualized cash interest expense: $20.0 million.

What it means for value

In our model, growth 5 percentage points lower would lower the value by 26.2%, and 5 percentage points higher would raise it by 34.4%. A free-cash-flow margin 1 percentage point lower would lower it by 8.4%.

What to watch

The next filing will show whether the recent improvement in the free-cash-flow margin continues or reverses. It will also reveal if the operating margin stabilizes after the recent decline. Finally, it will indicate if the revenue growth rate maintains its recent upward trajectory.