National Energy Services Reunited
NESR
23.63
-0.88
-3.59%
National Energy Services Reunited
US · NESR
#2626 by market cap
Listed 1970
23.63
-0.88
-3.59%
Live - 5344 symbols - heartbeat 42s ago
· 2026-10-08 07:00
Pre-market
24.40
+3.26%
After-hours
23.91
+1.18%
Overnight
23.92
+1.23%
- Market cap
- 2.38B
- P/E (TTM)i
- 25.68
- P/Bi
- 2.29
- EPSi
- 0.52
- Div yieldi
- 0.00%
- 52W posi
- 51%
Reader sentiment
Are you bullish or bearish on NESR?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.57, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +1.72% YoY
Margins
- Gross margin
- 12.44%
- Operating margin
- 7.43%
- Net margin
- 3.86%
Key ratios & quality
- Enterprise valuei
- 2.57B
- Altman Z-Scorei
- 2.57
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -- | 658.39M | 834.15M | 876.73M | 909.52M | 1.15B | 1.30B | 1.32B |
| Gross profit | -- | 151.59M | 77.91M | 2.78M | 65.48M | 148.65M | 208.67M | 164.73M |
| Selling & admin expenses | -- | 63.84M | 26.81M | 28.07M | 47.53M | 49.17M | 52.20M | 47.64M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -- | 71.81M | 35.28M | -43.33M | -917.00K | 80.70M | 137.70M | 98.32M |
| Pretax profit | -- | 52.44M | 29.10M | -60.58M | -29.80M | 29.85M | 95.50M | 60.40M |
| Tax | -- | 13.07M | 12.54M | 3.99M | 6.62M | 17.27M | 19.19M | 9.27M |
| Net profit | -- | 39.36M | 16.56M | -64.57M | -36.42M | 12.58M | 76.31M | 51.13M |
| Basic EPS | -- | 0 | 0 | -1 | 0 | 0 | 1 | 1 |
| Diluted EPS | -- | 0.45 | 0.18 | -0.71 | -0.39 | 0.13 | 0.80 | 0.52 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 303.10M | 327.37M | 295.32M | 398.26M | 404.59M | 520.75M |
| Gross profit | 37.46M | 43.88M | 35.36M | 48.03M | 51.83M | 81.29M |
| Selling & admin expenses | 11.82M | 12.10M | 11.06M | 12.66M | 11.10M | 12.02M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 20.94M | 27.09M | 19.61M | 30.68M | 36.04M | 64.84M |
| Pretax profit | 13.72M | 19.47M | 12.24M | 14.98M | 30.94M | 58.92M |
| Tax | 3.33M | 4.27M | -5.50M | 7.17M | 7.11M | 14.90M |
| Net profit | 10.39M | 15.20M | 17.74M | 7.80M | 23.83M | 44.02M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.11 | 0.16 | 0.18 | 0.08 | 0.23 | 0.43 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 299.65M | 403.21M | 515.22M | 627.37M | 537.81M | 541.72M | 540.52M | 630.37M |
| Cash & ST investments | 24.89M | 73.20M | 75.01M | 205.77M | 78.85M | 67.82M | 107.96M | 124.80M |
| Inventory | 58.15M | 78.84M | 94.26M | 93.86M | 110.52M | 98.43M | 96.77M | 94.83M |
| Total assets | 1.34B | 1.52B | 1.69B | 1.83B | 1.83B | 1.80B | 1.77B | 1.85B |
| Total current liabilities | 223.08M | 228.14M | 359.37M | 431.87M | 544.07M | 533.45M | 503.51M | 604.92M |
| Short-term debt | 76.91M | 52.96M | 89.86M | 87.07M | 149.50M | 128.04M | 133.90M | 121.70M |
| Long-term debt | 225.17M | 330.56M | 308.61M | 508.76M | 391.86M | 331.57M | 254.39M | 191.38M |
| Total liabilities | 512,318,000.00 | 635,892,000.00 | 742,636,000.00 | 1,010,258,000.00 | 1,025,979,000.00 | 976,246,000.00 | 865,446,000.00 | 883,603,000.00 |
| Total equity | 830.99M | 886.47M | 944.42M | 821.03M | 802.35M | 821.49M | 908.23M | 967.92M |
| Retained earnings | 28.30M | 67.66M | 117.75M | -35.83M | -75.02M | -62.44M | 13.87M | 65.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 554.85M | 619.92M | 595.88M | 630.37M | 689.62M | 815.37M |
| Cash & ST investments | 78.70M | 131.80M | 69.68M | 124.80M | 92.96M | 174.99M |
| Inventory | 101.42M | 98.89M | 97.77M | 94.83M | 96.21M | 126.38M |
| Total assets | 1.77B | 1.83B | 1.81B | 1.85B | 1.92B | 2.10B |
| Total current liabilities | 502.57M | 558.10M | 542.50M | 604.92M | 660.29M | 801.66M |
| Short-term debt | 132.94M | 136.76M | 129.51M | 121.70M | 113.84M | 116.33M |
| Long-term debt | 238.65M | 222.92M | 207.18M | 191.38M | 175.54M | 159.71M |
| Total liabilities | 848,844,000.00 | 890,186,000.00 | 852,472,000.00 | 883,603,000.00 | 928,721,000.00 | 1,055,145,000.00 |
| Total equity | 920.48M | 936.90M | 956.65M | 967.92M | 995.21M | 1.04B |
| Retained earnings | 24.26M | 39.46M | 57.20M | 65.00M | 88.83M | 132.85M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -- | 89.09M | 134.45M | 127.74M | 92.58M | 176.96M | 229.33M | 264.24M |
| Depreciation & amortization | -- | 88.11M | 120.72M | 122.13M | 115.85M | 142.23M | 142.78M | 141.73M |
| Free cash flow | -- | -18.85M | 51.82M | 20.67M | -29.84M | 108.77M | 124.22M | 120.79M |
| Dividends paid | -- | 0 | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | 0 | -- | -- | -- | -- | -- | -- |
| Ending cash balance | -- | 73.20M | 75.01M | 205.77M | 78.85M | 67.82M | 107.96M | 132.70M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 20.49M | 98.49M | 6.68M | 138.59M | 30.75M | 174.01M |
| Depreciation & amortization | 36.04M | 35.88M | 34.57M | 35.25M | 33.78M | 36.11M |
| Free cash flow | -9.64M | 68.74M | -34.07M | 95.76M | -5.26M | 99.91M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 78.70M | 131.80M | 69.68M | 132.70M | 101.71M | 184.34M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | 4.51 | 5.40 | -7.31 | -4.49 | 1.55 | 8.82 | 5.45 |
| ROA %i | -- | 2.70 | 3.08 | -3.67 | -1.99 | 0.69 | 4.27 | 2.82 |
| ROIC %i | -- | 4.41 | 4.79 | -3.88 | -0.68 | 3.65 | 8.25 | 6.01 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -0.80 | 0.06 | 0.80 |
| EBIT margin %i | -- | 10.85 | 9.19 | -5.18 | 0.48 | 6.60 | 10.40 | 7.02 |
| FCF / sales %i | -- | -- | 5.17 | 2.36 | -- | 9.49 | 9.54 | 9.12 |
| Current ratioi | 1.34 | 1.77 | 1.43 | 1.45 | 0.99 | 1.02 | 1.07 | 1.04 |
| Quick ratioi | 0.89 | 1.33 | 1.13 | 1.21 | 0.75 | 0.79 | 0.85 | 0.85 |
| Debt / assetsi | 22.49 | 25.19 | 23.62 | 32.54 | 30.98 | 26.96 | 23.07 | 17.91 |
| LT debt / equityi | 27.10 | 37.29 | 32.68 | 61.97 | 51.96 | 43.42 | 30.30 | 21.68 |
| Interest coveragei | -- | 3.76 | 4.83 | -2.99 | 0.13 | 1.65 | 3.39 | 2.86 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | 11.37 | 11.17 | 14.08 | 13.34 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -8.75 | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | 28.04 | 81.82 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 8.33 | 8.17 | 7.67 | 5.45 | 6.74 | 9.44 |
| ROA %i | 4.34 | 4.04 | 3.89 | 2.82 | 3.50 | 4.76 |
| ROIC %i | 8.17 | 7.92 | 7.81 | 6.01 | 6.88 | 8.78 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 10.11 | 9.61 | 8.70 | 7.02 | 7.60 | 9.04 |
| FCF / sales %i | 6.37 | 9.44 | 3.64 | 9.12 | 8.78 | 9.66 |
| Current ratioi | 1.10 | 1.11 | 1.10 | 1.04 | 1.04 | 1.02 |
| Quick ratioi | 0.87 | 0.89 | 0.87 | 0.85 | 0.87 | 0.82 |
| Debt / assetsi | 22.13 | 20.77 | 19.70 | 17.91 | 16.22 | 14.26 |
| LT debt / equityi | 28.10 | 25.91 | 23.72 | 21.68 | 19.92 | 17.54 |
| Interest coveragei | 3.52 | 3.43 | 3.17 | 2.86 | 3.52 | 5.00 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Production Services is the largest reported line at 63.32% of revenue, across 2 reported segments.
- Drilling and Evaluation Services follows at 36.68%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Production Services63.32%
Drilling and Evaluation Services36.68%
Quote time 2026-10-08 07:00:12 · For reference only, not investment advice and not tailored to your situation.