What is National Energy Services Reunited Corp.'s earnings per share (EPS)?

National Energy Services Reunited Corp. (NESR) reported diluted earnings per share of $0.52 for fiscal year 2025. This represents a -35.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

National Energy Services Reunited Corp. (NESR) Financials

NESR

Trailing 12 months to June 30, 2026

Revenue $1.6B +23.5% YoY

Net Income $93.4M +27.8% YoY

EPS (Diluted) $0.92 +19.5% YoY

Free Cash Flow $156.3M +26.3% YoY

Market Cap $2.4B as of Oct 8, 2026

Price / Sales 1.5x on $1.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings 25.5x on $93.4M net income, trailing 12 months to June 30, 2026

Price / Book 2.3x on $1.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NESR SEC filings page.

National Energy Services Reunited Corp. (NESR) reported $1.6B in revenue over the twelve months to Jun 30, 2026, up 23.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NESR FY2025 2026-10-03

The business is generating more operating cash while rising capital spending and thinner margins keep free cash flow nearly flat.

From FY2023 to FY2025, operating cash flow rose 49.3% while free cash flow margin stayed near 9.1%; rising capital spending absorbed much of the added cash, so stronger operations have not translated into proportionally higher discretionary cash.

Revenue changed little in FY2025, yet gross margin fell from 16.0% to 12.4%. Because SG&A fell from $52M to $48M, the squeeze appears concentrated in direct costs rather than overhead. Operating margin consequently narrowed to 7.4%, showing the prior year's margin step-up was not fully retained.

Debt-to-equity fell from 0.4x in FY2023 to 0.2x in FY2025, while total liabilities declined from $976M to $884M; the company is financing a larger equity base with less debt. A current ratio near 1.0x indicates that deleveraging has not created a large short-term cushion.

Financial Health Signals

Financial Health Score 55/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of National Energy Services Reunited Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

National Energy Services Reunited Corp. has an operating margin of 7.4%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is down from 10.6% the prior year.

Growth

National Energy Services Reunited Corp.'s revenue grew a modest 1.7% year-over-year to $1.3B. This slow but positive growth earns a score of 65/100.

Leverage

National Energy Services Reunited Corp. carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

National Energy Services Reunited Corp.'s current ratio of 1.04 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

National Energy Services Reunited Corp. converts 9.1% of revenue into free cash flow ($120.8M). This strong cash generation earns a score of 70/100.

Returns

National Energy Services Reunited Corp.'s ROE of 5.3% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 8.4% the prior year.

Altman Z-Score Grey Zone

2.57

National Energy Services Reunited Corp. scores 2.57, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($2.4B) relative to total liabilities ($883.6M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

National Energy Services Reunited Corp. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

5.17x

For every $1 of reported earnings, National Energy Services Reunited Corp. generates $5.17 in operating cash flow ($264.2M OCF vs $51.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.02x

National Energy Services Reunited Corp. earns $3.02 in operating income for every $1 of interest expense ($98.3M vs $32.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$520.8M

YoY+59.1%

QoQ+28.7%

National Energy Services Reunited Corp. generated $520.8M in revenue in Q2 2026. This represents an increase of 59.1% from the same quarter a year earlier. Against the prior quarter it is up 28.7%.

EBITDA

$96.5M

YoY+71.2%

QoQ+38.3%

National Energy Services Reunited Corp.'s EBITDA was $96.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 71.2% from the same quarter a year earlier. Against the prior quarter it is up 38.3%.

Net Income

$44.0M

YoY+189.6%

QoQ+84.7%

National Energy Services Reunited Corp. reported $44.0M in net income in Q2 2026. This represents an increase of 189.6% from the same quarter a year earlier. Against the prior quarter it is up 84.7%.

EPS (Diluted)

$0.43

YoY+168.8%

QoQ+87.0%

National Energy Services Reunited Corp. earned $0.43 per diluted share (EPS) in Q2 2026. This represents an increase of 168.8% from the same quarter a year earlier. Against the prior quarter it is up 87.0%.

Cash & Balance Sheet

Free Cash Flow

$99.9M

YoY+45.3%

QoQ+1999.8%

National Energy Services Reunited Corp. generated $99.9M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 45.3% from the same quarter a year earlier. Against the prior quarter it is up 1999.8%.

Cash & Debt

$175.0M

YoY+32.8%

QoQ+88.3%

National Energy Services Reunited Corp. held $175.0M in cash against $159.7M in long-term debt as of Q2 2026.

Shares Outstanding

101M

YoY+4.6%

QoQ0.0%

National Energy Services Reunited Corp. had 101M shares outstanding in Q2 2026. This represents an increase of 4.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

15.6%

YoY+2.2pp

QoQ+2.8pp

National Energy Services Reunited Corp.'s gross margin was 15.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.

Operating Margin

12.4%

YoY+4.2pp

QoQ+3.5pp

National Energy Services Reunited Corp.'s operating margin was 12.4% in Q2 2026, reflecting core business profitability. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.5 percentage points.

Net Margin

8.5%

YoY+3.8pp

QoQ+2.6pp

National Energy Services Reunited Corp.'s net profit margin was 8.5% in Q2 2026, showing the share of revenue converted to profit. This is up 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.

Return on Equity

4.2%

YoY+2.6pp

QoQ+1.8pp

National Energy Services Reunited Corp.'s ROE was 4.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.

Capital Allocation

Capital Expenditures

$74.1M

YoY+149.1%

QoQ+105.8%

National Energy Services Reunited Corp. invested $74.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 149.1% from the same quarter a year earlier. Against the prior quarter it is up 105.8%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

NESR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NESR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K
Revenue	$1.6B	$1.3B+1.7%	$1.3B+13.6%	$1.1B+26.0%	$909.5M+3.7%	$876.7M+5.1%	$834.2M	N/A	N/A	N/A
Cost of Revenue	$1.4B	$1.2B+6.1%	$1.1B+9.6%	$997.3M+18.2%	$844.0M-3.4%	$873.9M+15.6%	$756.2M	N/A	N/A	N/A
Gross Profit	$216.5M	$164.7M-21.1%	$208.7M+40.4%	$148.7M+127.0%	$65.5M+2254.5%	$2.8M-96.4%	$77.9M	N/A	N/A	N/A
SG&A Expenses	$46.8M	$47.6M-8.7%	$52.2M+6.1%	$49.2M+3.5%	$47.5M+69.3%	$28.1M+4.7%	$26.8M	N/A	N/A	N/A
Operating Income	$151.2M	$98.3M-28.6%	$137.7M+70.6%	$80.7M+8900.8%	-$917K+97.9%	-$43.3M-222.8%	$35.3M	N/A	-$4.2M	N/A
EBITDA	N/A	$240.0M-14.4%	$280.5M+25.8%	$222.9M+94.0%	$114.9M+45.9%	$78.8M-49.5%	$156.0M	N/A	N/A	N/A
Interest Expense	$29.2M	$32.5M-18.5%	$39.9M-13.0%	$45.8M+34.3%	$34.1M+124.9%	$15.2M-4.4%	$15.9M	N/A	$1.3M	N/A
Income Tax	$23.7M	$9.3M-51.7%	$19.2M+11.1%	$17.3M+160.9%	$6.6M+65.9%	$4.0M-68.2%	$12.5M	N/A	N/A	N/A
Net Income	$93.4M	$51.1M-33.0%	$76.3M+506.6%	$12.6M+134.5%	-$36.4M+43.6%	-$64.6M-490.0%	$16.6M-57.9%	$39.4M	$28.4M+239.6%	$8.3M
EPS (Basic)	N/A	$0.52-35.0%	$0.80+515.4%	$0.13+133.3%	-$0.39+45.1%	-$0.71-473.7%	$0.19	N/A	N/A	N/A
EPS (Diluted)	$0.92	$0.52-35.0%	$0.80+515.4%	$0.13+133.3%	-$0.39+45.1%	-$0.71-494.4%	$0.18	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	99M+3.5%	96M+1.0%	95M+1.9%	93M+2.1%	91M+2.2%	89M	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'256-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'246-K
Revenue	$520.8M+59.1%	$404.6M+33.5%	$398.3M+15.9%	$295.3M-12.2%	$327.4M+0.7%	$303.1M+2.1%	$343.7M	$336.2M+12.0%
Cost of Revenue	$439.5M+55.0%	$352.8M+32.8%	$350.2M+23.1%	$260.0M-8.1%	$283.5M+4.3%	$265.6M+4.6%	$284.5M	$282.8M+10.9%
Gross Profit	$81.3M+85.2%	$51.8M+38.4%	$48.0M-18.8%	$35.4M-33.8%	$43.9M-17.4%	$37.5M-12.8%	$59.2M	$53.4M+18.4%
SG&A Expenses	$12.0M-0.7%	$11.1M-6.1%	$12.7M+16.0%	$11.1M-16.6%	$12.1M-15.6%	$11.8M-13.7%	$10.9M	$13.3M+8.0%
Operating Income	$64.8M+139.3%	$36.0M+72.1%	$30.7M-29.6%	$19.6M-44.7%	$27.1M-20.6%	$20.9M-14.7%	$43.6M	$35.4M+26.0%
EBITDA	$96.5M+71.2%	$69.8M+22.5%	$78.1M-19.2%	$48.6M-23.6%	$56.4M-9.1%	$57.0M-2.1%	$96.6M	$63.6M+13.8%
Interest Expense	$7.0M-17.8%	$6.5M-21.0%	$7.5M-23.9%	$8.1M-18.2%	$8.6M-9.3%	$8.3M-21.9%	$9.9M	$9.9M-17.8%
Income Tax	$14.9M+249.1%	$7.1M+114.0%	$7.2M+116.3%	-$5.5M-204.0%	$4.3M-28.7%	$3.3M-27.6%	$3.3M	$5.3M+92.5%
Net Income	$44.0M+189.6%	$23.8M+129.3%	$7.8M-70.9%	$17.7M-14.0%	$15.2M-19.5%	$10.4M+4.1%	$26.8M	$20.6M+40.0%
EPS (Basic)	$0.44+175.0%	$0.24+118.2%	$0.08-71.4%	$0.18-18.2%	$0.16-20.0%	$0.110.0%	$0.28+1300.0%	$0.22+37.5%
EPS (Diluted)	$0.43+168.8%	$0.23+109.1%	$0.08-71.4%	$0.18-18.2%	$0.16-20.0%	$0.11+10.0%	$0.28+1300.0%	$0.22+37.5%
Diluted Shares (Avg)	103M+5.7%	103M+6.4%	N/A	101M+5.3%	98M+2.2%	97M+1.3%	N/A	96M+0.7%

Not reported in any period shown, so not listed: R&D Expenses.

NESR Balance Sheet

NESR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K
Total Assets	$1.9B+4.4%	$1.8B-1.3%	$1.8B-1.7%	$1.8B-0.2%	$1.8B+8.6%	$1.7B+10.8%	$1.5B	$231.4M	N/A
Current Assets	$630.4M+16.6%	$540.5M-0.2%	$541.7M+0.7%	$537.8M-14.3%	$627.4M+22.7%	$511.2M+26.8%	$403.2M	$869K	N/A
Cash & Equivalents	$124.8M+15.6%	$108.0M+59.2%	$67.8M-14.0%	$78.9M-61.7%	$205.8M+174.3%	$75.0M+2.5%	$73.2M	$741K	N/A
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	N/A
Inventory	$94.8M-2.0%	$96.8M-1.7%	$98.4M-10.9%	$110.5M+17.7%	$93.9M-0.4%	$94.3M+19.6%	$78.8M	N/A	N/A
Accounts Receivable	$178.0M+29.7%	$137.3M-19.9%	$171.3M+15.2%	$148.7M+14.0%	$130.4M+11.6%	$116.8M+18.3%	$98.8M	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	N/A
Goodwill	$645.1M0.0%	$645.1M0.0%	$645.1M0.0%	$645.1M0.0%	$645.1M+3.9%	$620.9M+8.0%	$574.8M	N/A	N/A
Total Liabilities	$883.6M+2.1%	$865.4M-11.3%	$976.2M-4.8%	$1.0B+1.6%	$1.0B+22.2%	$826.6M+30.0%	$635.9M	$230.1M	N/A
Current Liabilities	$604.9M+20.1%	$503.5M-5.6%	$533.4M-2.0%	$544.1M+26.0%	$431.9M-0.9%	$435.9M+91.1%	$228.1M	$3.5M	N/A
Non-Current Liabilities	$278.7M-23.0%	$361.9M-18.3%	$442.8M-8.1%	$481.9M-16.7%	$578.4M+48.0%	$390.7M-4.2%	$407.8M	$226.7M	N/A
Long-Term Debt	$191.4M-24.8%	$254.4M-23.3%	$331.6M-15.4%	$391.9M-23.0%	$508.8M+64.9%	$308.6M-6.6%	$330.6M	N/A	N/A
Total Equity	$967.9M+6.6%	$908.2M+10.6%	$821.5M+2.4%	$802.3M-2.3%	$821.0M-13.1%	$944.4M+6.5%	$886.5M	$54.6M-85.7%	$382.1M
Retained Earnings	$65.0M+368.7%	$13.9M+122.2%	-$62.4M+16.8%	-$75.0M-109.4%	-$35.8M-224.7%	$28.7M-57.5%	$67.7M	-$2.9M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'256-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'246-K
Total Assets	$2.1B+14.8%	$1.9B+8.7%	$1.9B+4.4%	$1.8B+0.3%	$1.8B+2.1%	$1.8B	$1.8B-1.3%	$1.8B
Current Assets	$815.4M+31.5%	$689.6M+24.3%	$630.4M+16.6%	$595.9M+3.2%	$619.9M+10.5%	$554.8M	$540.5M-0.2%	$577.2M
Cash & Equivalents	$175.0M+32.8%	$93.0M+18.1%	$124.8M+15.6%	$69.7M-41.0%	$131.8M+75.7%	$78.7M	$108.0M+59.2%	$118.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$126.4M+27.8%	$96.2M-5.1%	$94.8M-2.0%	$97.8M-2.2%	$98.9M+3.2%	$101.4M	$96.8M-1.7%	$100.0M
Accounts Receivable	$208.8M+9.3%	$227.9M+38.3%	$178.0M+29.7%	$192.8M+45.4%	$191.0M+22.5%	$164.8M	$137.3M-19.9%	$132.5M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$645.1M0.0%	$645.1M0.0%	$645.1M0.0%	$645.1M0.0%	$645.1M0.0%	$645.1M	$645.1M0.0%	$645.1M
Total Liabilities	$1.1B+18.5%	$928.7M+9.4%	$883.6M+2.1%	$852.5M-8.3%	$890.2M-5.1%	$848.8M	$865.4M-11.3%	$929.3M
Current Liabilities	$801.7M+43.6%	$660.3M+31.4%	$604.9M+20.1%	$542.5M+3.7%	$558.1M+6.5%	$502.6M	$503.5M-5.6%	$523.2M
Non-Current Liabilities	$253.5M-23.7%	$268.4M-22.5%	$278.7M-23.0%	$310.0M-23.7%	$332.1M-19.8%	$346.3M	$361.9M-18.3%	$406.1M
Long-Term Debt	$159.7M-28.4%	$175.5M-26.4%	$191.4M-24.8%	$207.2M-27.1%	$222.9M-26.0%	$238.7M	$254.4M-23.3%	$284.2M
Total Equity	$1.0B+11.2%	$995.2M+8.1%	$967.9M+6.6%	$956.7M+9.5%	$936.9M+10.0%	$920.5M+10.5%	$908.2M+10.6%	$873.5M+6.8%
Retained Earnings	$132.8M+236.6%	$88.8M+266.1%	$65.0M+368.7%	$57.2M+541.1%	$39.5M+217.5%	$24.3M	$13.9M+122.2%	-$13.0M

NESR Cash Flow Statement

NESR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K
Operating Cash Flow	$350.0M	$264.2M+15.2%	$229.3M+29.6%	$177.0M+91.1%	$92.6M-27.5%	$127.7M-5.0%	$134.5M	N/A	-$865K	N/A
Depreciation & Amortization	N/A	$141.7M-0.7%	$142.8M+0.4%	$142.2M+22.8%	$115.8M-5.1%	$122.1M+1.2%	$120.7M	N/A	N/A	N/A
Stock-Based Compensation	N/A	$8.3M+37.9%	$6.0M-10.8%	$6.8M-27.0%	$9.3M-5.0%	$9.8M+24.6%	$7.8M	N/A	N/A	N/A
Capital Expenditures	$193.7M	$143.5M+36.5%	$105.1M+54.1%	$68.2M-44.3%	$122.4M+14.3%	$107.1M	N/A	N/A	N/A	N/A
Free Cash Flow	$156.3M	$120.8M-2.8%	$124.2M+14.2%	$108.8M+464.5%	-$29.8M-244.4%	$20.7M	N/A	N/A	N/A	N/A
Investing Cash Flow	-$199.4M	-$152.2M-37.0%	-$111.1M-33.2%	-$83.5M+43.1%	-$146.7M+10.8%	-$164.5M-70.6%	-$96.4M	N/A	-$229.2M	N/A
Financing Cash Flow	-$98.1M	-$87.3M-11.8%	-$78.1M+25.3%	-$104.5M-43.6%	-$72.8M-143.4%	$167.5M+562.3%	-$36.2M	N/A	$230.8M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'256-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'246-K
Operating Cash Flow	$174.0M+76.7%	$30.7M+50.1%	$138.6M+199.6%	$6.7M-90.6%	$98.5M+130.9%	$20.5M-70.6%	$46.3M+26.7%	$70.8M+4.1%
Depreciation & Amortization	$31.7M+8.2%	$33.8M-6.3%	$35.2M-11.0%	$29.0M+2.8%	$29.3M+5.0%	$36.0M+7.2%	$39.6M+9.9%	$28.2M+1.4%
Stock-Based Compensation	N/A	$2.5M+34.8%	N/A	N/A	N/A	$1.9M+37.6%	N/A	N/A
Capital Expenditures	$74.1M+149.1%	$36.0M+19.5%	$42.8M+71.0%	$40.8M+49.0%	$29.7M+108.1%	$30.1M-21.6%	$25.1M+958.8%	$27.4M-1.7%
Free Cash Flow	$99.9M+45.3%	-$5.3M+45.4%	$95.8M+351.5%	-$34.1M-178.4%	$68.7M+142.3%	-$9.6M-130.9%	$21.2M-37.9%	$43.4M+8.0%
Investing Cash Flow	-$73.1M-136.3%	-$36.4M-15.7%	-$45.5M-68.5%	-$44.4M-61.6%	-$30.9M-101.7%	-$31.5M+23.9%	-$27.0M-1270.7%	-$27.5M0.0%
Financing Cash Flow	-$18.3M-26.4%	-$25.3M-38.6%	-$30.1M-2.1%	-$24.4M-14715.2%	-$14.4M+4.3%	-$18.3M+45.2%	-$29.5M-1.6%	-$165K+99.5%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

NESR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NESR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K
Gross Margin	12.4%-3.6pp	16.0%+3.1pp	13.0%+5.8pp	7.2%+6.9pp	0.3%-9.0pp	9.3%	N/A	N/A	N/A
Operating Margin	7.4%-3.1pp	10.6%+3.5pp	7.0%+7.1pp	-0.1%+4.8pp	-4.9%-9.2pp	4.2%	N/A	N/A	N/A
Net Margin	3.9%-2.0pp	5.9%+4.8pp	1.1%+5.1pp	-4.0%+3.4pp	-7.4%-9.3pp	2.0%	N/A	N/A	N/A
Return on Equity	5.3%-3.1pp	8.4%+6.9pp	1.5%+6.1pp	-4.5%+3.3pp	-7.9%-9.6pp	1.8%-2.7pp	4.4%	51.9%+49.7pp	2.2%
Return on Assets	2.8%-1.5pp	4.3%+3.6pp	0.7%+2.7pp	-2.0%+1.5pp	-3.5%-4.5pp	1.0%-1.6pp	2.6%	12.3%	N/A
Current Ratio	1.040.0x	1.07+0.1x	1.020.0x	0.99-0.5x	1.45+0.3x	1.17-0.6x	1.77	0.25	N/A
Debt-to-Equity	0.20-0.1x	0.28-0.1x	0.40-0.1x	0.49-0.1x	0.62+0.3x	0.330.0x	0.37	4.21	N/A
Asset Turnover	0.720.0x	0.73+0.1x	0.64+0.1x	0.500.0x	0.480.0x	0.49	N/A	N/A	N/A
FCF Margin	9.1%-0.4pp	9.5%+0.1pp	9.5%+12.8pp	-3.3%-5.6pp	2.4%	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'256-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'246-K
Gross Margin	15.6%+2.2pp	12.8%+0.4pp	12.1%-5.2pp	12.0%-3.9pp	13.4%-2.9pp	12.4%-2.1pp	17.2%	15.9%+0.9pp
Operating Margin	12.4%+4.2pp	8.9%+2.0pp	7.7%-5.0pp	6.6%-3.9pp	8.3%-2.2pp	6.9%-1.4pp	12.7%	10.5%+1.2pp
Net Margin	8.5%+3.8pp	5.9%+2.5pp	2.0%-5.9pp	6.0%-0.1pp	4.6%-1.2pp	3.4%+0.1pp	7.8%	6.1%+1.2pp
Return on Equity	4.2%+2.6pp	2.4%+1.3pp	0.8%-2.1pp	1.8%-0.5pp	1.6%-0.6pp	1.1%-0.1pp	2.9%	2.4%+0.6pp
Return on Assets	2.1%+1.3pp	1.2%+0.7pp	0.4%-1.1pp	1.0%-0.2pp	0.8%-0.2pp	0.6%	1.5%	1.1%
Current Ratio	1.02-0.1x	1.04-0.1x	1.040.0x	1.100.0x	1.110.0x	1.10	1.07+0.1x	1.10
Debt-to-Equity	0.15-0.1x	0.18-0.1x	0.20-0.1x	0.22-0.1x	0.24-0.1x	0.26	0.28-0.1x	0.33
Asset Turnover	0.25+0.1x	0.210.0x	0.220.0x	0.160.0x	0.180.0x	0.17	0.19	0.19
FCF Margin	19.2%-1.8pp	-1.3%+1.9pp	24.0%+17.9pp	-11.5%-24.5pp	21.0%+12.3pp	-3.2%-13.7pp	6.2%	12.9%-0.5pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
National Energy Services Reunited Corp. NESR	FY2025	$1.3B	$51.1M	3.9%	$2.4B	55/100
RPC, Inc. RES	FY2025	$1.6B	$32.1M	2.0%	$1.3B	59/100
Innovex International, Inc. INVX	FY2025	$978.3M	$83.3M	8.5%	$1.9B	73/100
Bristow Group Inc. VTOL	FY2025	$1.5B	$129.1M	8.7%	$1.2B	51/100
Select Water Solutions, Inc. WTTR	FY2025	$1.4B	$21.2M	1.5%	$2.5B	26/100
Helix Energy Solutions Group, Inc. HLX	FY2025	$1.3B	$30.8M	2.4%	$1.6B	58/100

Where National Energy Services Reunited Corp. Ranks

Frequently Asked Questions

What is National Energy Services Reunited Corp.'s annual revenue?

National Energy Services Reunited Corp. (NESR) reported $1.3B in total revenue for fiscal year 2025. This represents a 1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is National Energy Services Reunited Corp.'s revenue growing?

National Energy Services Reunited Corp. (NESR) revenue grew by 1.7% year-over-year, from $1.3B to $1.3B in fiscal year 2025.

Is National Energy Services Reunited Corp. profitable?

Yes, National Energy Services Reunited Corp. (NESR) reported a net income of $51.1M in fiscal year 2025, with a net profit margin of 3.9%.

What is National Energy Services Reunited Corp.'s EBITDA?

National Energy Services Reunited Corp. (NESR) had EBITDA of $240.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does National Energy Services Reunited Corp. have?

As of fiscal year 2025, National Energy Services Reunited Corp. (NESR) had $124.8M in cash and equivalents against $191.4M in long-term debt.

What is National Energy Services Reunited Corp.'s gross margin?

National Energy Services Reunited Corp. (NESR) had a gross margin of 12.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is National Energy Services Reunited Corp.'s operating margin?

National Energy Services Reunited Corp. (NESR) had an operating margin of 7.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is National Energy Services Reunited Corp.'s net profit margin?

National Energy Services Reunited Corp. (NESR) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is National Energy Services Reunited Corp.'s return on equity (ROE)?

National Energy Services Reunited Corp. (NESR) has a return on equity of 5.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is National Energy Services Reunited Corp.'s free cash flow?

National Energy Services Reunited Corp. (NESR) generated $120.8M in free cash flow during fiscal year 2025. This represents a -2.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is National Energy Services Reunited Corp.'s operating cash flow?

National Energy Services Reunited Corp. (NESR) generated $264.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are National Energy Services Reunited Corp.'s total assets?

National Energy Services Reunited Corp. (NESR) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are National Energy Services Reunited Corp.'s capital expenditures?

National Energy Services Reunited Corp. (NESR) invested $143.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does National Energy Services Reunited Corp. have outstanding?

National Energy Services Reunited Corp. (NESR) had 101M shares outstanding as of fiscal year 2025.

What is National Energy Services Reunited Corp.'s current ratio?

National Energy Services Reunited Corp. (NESR) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

What is National Energy Services Reunited Corp.'s debt-to-equity ratio?

National Energy Services Reunited Corp. (NESR) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is National Energy Services Reunited Corp.'s return on assets (ROA)?

National Energy Services Reunited Corp. (NESR) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is National Energy Services Reunited Corp.'s P/E ratio?

National Energy Services Reunited Corp. (NESR) trades at 25.5x earnings, its market capitalization divided by net income of $93.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.4B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is National Energy Services Reunited Corp.'s price-to-sales ratio?

National Energy Services Reunited Corp. (NESR) trades at 1.5x sales, its market capitalization divided by revenue of $1.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.4B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is National Energy Services Reunited Corp.'s Altman Z-Score?

National Energy Services Reunited Corp. (NESR) has an Altman Z-Score of 2.57, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is National Energy Services Reunited Corp.'s Piotroski F-Score?

National Energy Services Reunited Corp. (NESR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are National Energy Services Reunited Corp.'s earnings high quality?

National Energy Services Reunited Corp. (NESR) has an earnings quality ratio of 5.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can National Energy Services Reunited Corp. cover its interest payments?

National Energy Services Reunited Corp. (NESR) has an interest coverage ratio of 3.02x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is National Energy Services Reunited Corp.?

National Energy Services Reunited Corp. (NESR) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.