Nine Energy Service, Inc. (NINE) Financials
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 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NINE SEC filings page.
Nine Energy Service, Inc. (NINE) reported $494.4M in revenue over the twelve months to Jun 30, 2026, down 14.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Nine's revenue is relatively steady, but shrinking operating earnings, heavy interest costs, and renewed cash use are weakening its financial structure.
Operating cash flow shifted from$45.5M in FY2023 to-$7.3M in FY2025, showing that recent accounting profits did not translate into dependable internal cash generation. FY2025 capital expenditures of$15.9M coincided with free cash flow of-$23.3M , so ongoing reinvestment was not funded by current operations.
FY2025 liabilities of
Operating margin fell from
Financial Health Signals
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 Nine Energy Service, Inc.'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.
Nine Energy Service, Inc. has an operating margin of 0.4%, meaning the company retains less than $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 16/100, suggesting thin profitability after operating expenses. This is down from 1.6% the prior year.
Nine Energy Service, Inc.'s revenue grew a modest 1.4% year-over-year to $561.9M. This slow but positive growth earns a score of 31/100.
With a current ratio of 1.85, Nine Energy Service, Inc. holds $1.85 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
Nine Energy Service, Inc.'s operations used $7.3M of cash, and capex of $15.9M added to the outflow, for a free cash flow shortfall of $23.3M. This results in a cash flow score of 23/100.
Nine Energy Service, Inc. scores -1.69, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($108.0M) relative to total liabilities ($454.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Nine Energy Service, Inc. passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Nine Energy Service, Inc. reported a net loss of $51.3M while operations used $7.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Nine Energy Service, Inc. earns $0.04 in operating income for every $1 of interest expense ($2.3M vs $55.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Nine Energy Service, Inc. generated $141.8M in revenue in Q2 2026. This represents a decrease of 3.7% from the same quarter a year earlier. Against the prior quarter it is up 60.4%.
Nine Energy Service, Inc.'s EBITDA was $4.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 64.0% from the same quarter a year earlier. Against the prior quarter it is up 185.3%.
Nine Energy Service, Inc. reported -$4.9M in net income in Q2 2026. This represents an increase of 52.9% from the same quarter a year earlier. Against the prior quarter it is down 104.5%.
Cash & Balance Sheet
Nine Energy Service, Inc. recorded an outflow of $12.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 390.6% from the same quarter a year earlier. Against the prior quarter it is up 5.0%.
Nine Energy Service, Inc. held $16.8M in cash against $97.3M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Nine Energy Service, Inc.'s operating margin was -2.0% in Q2 2026, reflecting core business profitability. This is down 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.4 percentage points.
Nine Energy Service, Inc.'s net profit margin was -3.5% in Q2 2026, showing the share of revenue converted to profit. This is up 3.6 percentage points from the same quarter a year earlier.
Nine Energy Service, Inc.'s ROE was -3.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 84.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
Nine Energy Service, Inc. invested $7.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 28.4% from the same quarter a year earlier. Against the prior quarter it is up 155.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
NINE 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $141.8M-3.7% | $88.4M-41.3% | $132.2M-6.5% | $132.0M-4.4% | $147.3M+11.2% | $150.5M+5.9% | $141.4M-1.8% | $138.2M-1.7% |
| SG&A Expenses | $15.6M+12.5% | $13.1M-1.6% | $19.9M+40.0% | $12.8M+3.2% | $13.9M+11.2% | $13.3M+8.1% | $14.2M+10.7% | $12.4M-5.3% |
| Operating Income | -$2.9M-185.5% | -$11.0M-295.5% | -$5.5M-256.6% | -$1.2M-147.6% | $3.4M+335.2% | $5.6M+27.4% | $3.5M+59.9% | $2.5M+401.5% |
| EBITDA | $4.3M-64.0% | -$5.1M-135.5% | $3.1M-74.7% | $7.4M-35.6% | $12.0M+50.4% | $14.3M+2.2% | $12.4M+2.0% | $11.5M+22.5% |
| Interest Expense | $1.9M-87.2% | $5.3M-59.2% | $13.9M+7.9% | $13.7M+6.5% | $14.7M+15.2% | $12.9M+0.7% | $12.9M+0.4% | $12.9M+0.2% |
| Income Tax | $384K+184.6% | $109K-5.2% | $115K+168.5% | $53K-27.4% | -$454K-426.6% | $115K-25.3% | -$168K-198.2% | $73K-66.0% |
| Net Income | -$4.9M+52.9% | $107.9M+1627.8% | -$19.2M-117.4% | -$14.6M-44.4% | -$10.4M+26.0% | -$7.1M+12.3% | -$8.8M+14.2% | -$10.1M+23.5% |
| EPS (Basic) | -$0.35-40.0% | $2.65+1572.2% | -$0.46-109.1% | -$0.35-34.6% | -$0.25+37.5% | -$0.18+25.0% | -$0.22+29.0% | -$0.26+33.3% |
| EPS (Diluted) | -$0.35 | $2.65 | -$0.46-109.1% | -$0.35-34.6% | -$0.25+37.5% | -$0.18+25.0% | -$0.22+29.0% | -$0.26+33.3% |
| Diluted Shares (Avg) | 14M | 41M | N/A | 41M+5.3% | 41M+15.2% | 40M+18.7% | N/A | 39M+16.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
NINE Balance Sheet
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $317.7M-12.0% | $326.0M-9.2% | $339.5M-5.7% | $340.7M-3.5% | $361.2M-5.4% | $359.2M-5.6% | $360.1M-10.4% | $353.2M-8.7% |
| Current Assets | $171.3M-2.5% | $174.9M+0.2% | $168.8M-1.0% | $162.9M+3.4% | $175.7M-1.5% | $174.6M+4.1% | $170.5M-7.2% | $157.6M-3.0% |
| Cash & Equivalents | $16.8M+18.5% | $11.2M-34.9% | $18.4M-33.8% | $14.4M-8.1% | $14.2M-45.4% | $17.3M+68.8% | $27.9M-9.6% | $15.7M+28.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $48.8M-10.0% | $50.5M-1.2% | $56.6M+11.4% | $56.8M+1.7% | $54.2M-9.2% | $51.2M-9.1% | $50.8M-6.8% | $55.8M-4.8% |
| Accounts Receivable | $91.6M-2.5% | $88.3M-7.2% | $76.0M-6.4% | $81.4M+2.1% | $94.0M+11.4% | $95.1M+4.6% | $81.2M-8.2% | $79.7M-6.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $188.1M-57.5% | $192.1M-55.5% | $454.4M+6.6% | $436.6M+6.3% | $442.9M+2.7% | $431.3M+1.8% | $426.1M-2.6% | $410.8M-0.5% |
| Current Liabilities | $73.1M-22.2% | $82.0M-4.7% | $91.4M+12.1% | $73.8M+15.1% | $93.9M+13.2% | $86.0M+16.5% | $81.5M-1.5% | $64.1M+10.3% |
| Non-Current Liabilities | $115.0M-67.0% | $110.1M-68.1% | $363.0M+5.3% | $362.8M+4.6% | $349.0M+0.1% | $345.3M-1.3% | $344.6M-2.9% | $346.7M-2.3% |
| Long-Term Debt | $97.3M-69.9% | $90.4M-71.7% | $341.6M+7.7% | $339.4M+6.6% | $323.5M+1.5% | $319.1M+0.6% | $317.3M-1.0% | $318.5M-0.2% |
| Total Equity | $129.6M+258.5% | $134.0M+285.8% | -$115.0M-74.0% | -$95.9M-66.5% | -$81.7M-64.4% | -$72.1M-66.5% | -$66.1M-85.4% | -$57.6M-120.4% |
| Retained Earnings | -$6.1M+99.3% | -$1.3M+99.9% | -$918.6M-5.9% | -$899.4M-4.8% | -$884.8M-4.3% | -$874.4M-4.8% | -$867.3M-5.0% | -$858.5M-5.2% |
Not reported in any period shown, so not listed: Goodwill.
NINE Cash Flow 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.7M-146.7% | -$10.0M-88.6% | -$2.2M-114.5% | -$9.9M-70.0% | $10.1M-21.8% | -$5.3M+40.3% | $15.0M-38.4% | -$5.8M+41.0% |
| Depreciation & Amortization | $7.2M-16.2% | $5.9M-31.1% | $8.6M-2.5% | $8.6M-5.2% | $8.6M-8.5% | $8.6M-9.4% | $8.8M-10.2% | $9.0M-11.4% |
| Stock-Based Compensation | $573K | $1.9M+152.0% | N/A | N/A | N/A | $750K+29.1% | N/A | N/A |
| Capital Expenditures | $7.5M+28.4% | $3.0M-25.9% | $2.6M-18.9% | $3.5M+2.1% | $5.9M+122.5% | $4.0M-27.5% | $3.2M-62.0% | $3.4M-9.9% |
| Free Cash Flow | -$12.3M-390.6% | -$12.9M-39.3% | -$4.8M-140.8% | -$13.4M-45.0% | $4.2M-58.9% | -$9.3M+35.4% | $11.8M-25.6% | -$9.3M+32.4% |
| Investing Cash Flow | -$7.3M-26.9% | -$2.0M+48.9% | -$432K+85.6% | -$3.4M-10.8% | -$5.8M-119.0% | -$4.0M+27.1% | -$3.0M+64.4% | -$3.1M+14.7% |
| Financing Cash Flow | $1.8M+146.7% | $20.5M+1417.2% | $6.3M+1355.7% | $12.0M+961.1% | -$3.9M-171.1% | -$1.6M+75.0% | $433K-84.0% | -$1.4M+91.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
NINE 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -2.0%-4.3pp | -12.4%-16.2pp | -4.2%-6.6pp | -0.9%-2.7pp | 2.3%+3.4pp | 3.7%+0.6pp | 2.5%+1.0pp | 1.8%+2.4pp |
| Net Margin | -3.5%+3.6pp | 122.0% | -14.5%-8.3pp | -11.1%-3.7pp | -7.1%+3.5pp | -4.7%+1.0pp | -6.3%+0.9pp | -7.3%+2.1pp |
| Return on Equity | -3.8% | 80.5% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.5%+1.3pp | 33.1%+35.1pp | -5.7%-3.2pp | -4.3%-1.4pp | -2.9%+0.8pp | -2.0%+0.2pp | -2.5%+0.1pp | -2.9%+0.6pp |
| Current Ratio | 2.34+0.5x | 2.13+0.1x | 1.85-0.2x | 2.21-0.3x | 1.87-0.3x | 2.03-0.2x | 2.09-0.1x | 2.46-0.3x |
| Debt-to-Equity | 0.75 | 0.68 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.450.0x | 0.27-0.1x | 0.390.0x | 0.390.0x | 0.41+0.1x | 0.420.0x | 0.390.0x | 0.390.0x |
| FCF Margin | -8.6%-11.5pp | -14.6%-8.4pp | -3.6%-11.9pp | -10.2%-3.5pp | 2.9%-4.9pp | -6.2%+3.9pp | 8.3%-2.7pp | -6.7%+3.0pp |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Note: Shareholder equity is negative (-$115.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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 |
|---|---|---|---|---|---|---|
| Nine Energy Service, Inc. NINE | FY2025 | $561.9M | -$51.3M | -9.1% | $108.0M | 26/100 |
| KLX Energy Services Holdings, Inc. KLXE | FY2025 | $636.6M | -$77.1M | -12.1% | $138.7M | 19/100 |
| STAK Inc. STAK | FY2025 | $24.9M | -$5.7M | -22.9% | $20.7M | 38/100 |
| Dawson Geophysical Company New DWSN | FY2025 | $75.6M | -$1.9M | -2.6% | $80.4M | 24/100 |
| Recon Technology, Ltd. RCON | FY2026 | $16.2M | -$4.4M | -27.0% | $22.6M | 51/100 |
| Drilling Tools International Corporation DTI | FY2025 | $159.6M | -$3.8M | -2.4% | $72.3M | 60/100 |
Where Nine Energy Service, Inc. Ranks
Frequently Asked Questions
What is Nine Energy Service, Inc.'s annual revenue?
Nine Energy Service, Inc. (NINE) reported $561.9M in total revenue for fiscal year 2025. This represents a 1.4% 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 Nine Energy Service, Inc.'s revenue growing?
Nine Energy Service, Inc. (NINE) revenue grew by 1.4% year-over-year, from $554.1M to $561.9M in fiscal year 2025.
Is Nine Energy Service, Inc. profitable?
No, Nine Energy Service, Inc. (NINE) reported a net income of -$51.3M in fiscal year 2025, with a net profit margin of -9.1%.
What is Nine Energy Service, Inc.'s EBITDA?
Nine Energy Service, Inc. (NINE) had EBITDA of $36.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Nine Energy Service, Inc. have?
As of fiscal year 2025, Nine Energy Service, Inc. (NINE) had $18.4M in cash and equivalents against $341.6M in long-term debt.
What is Nine Energy Service, Inc.'s operating margin?
Nine Energy Service, Inc. (NINE) had an operating margin of 0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Nine Energy Service, Inc.'s net profit margin?
Nine Energy Service, Inc. (NINE) had a net profit margin of -9.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Nine Energy Service, Inc.'s free cash flow?
Nine Energy Service, Inc. (NINE) recorded an outflow of $23.3M in free cash flow during fiscal year 2025. This represents a -1383.0% 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 Nine Energy Service, Inc.'s operating cash flow?
Nine Energy Service, Inc. (NINE) recorded an outflow of $7.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Nine Energy Service, Inc.'s total assets?
Nine Energy Service, Inc. (NINE) had $339.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Nine Energy Service, Inc.'s capital expenditures?
Nine Energy Service, Inc. (NINE) invested $15.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Nine Energy Service, Inc.'s current ratio?
Nine Energy Service, Inc. (NINE) had a current ratio of 1.85 as of fiscal year 2025, which is generally considered healthy.
What is Nine Energy Service, Inc.'s return on assets (ROA)?
Nine Energy Service, Inc. (NINE) had a return on assets of -15.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nine Energy Service, Inc.'s P/E ratio?
Nine Energy Service, Inc. (NINE) trades at 1.6x earnings, its market capitalization divided by net income of $69.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $108.0M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nine Energy Service, Inc.'s price-to-sales ratio?
Nine Energy Service, Inc. (NINE) trades at 0.2x sales, its market capitalization divided by revenue of $494.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $108.0M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Nine Energy Service, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Nine Energy Service, Inc. (NINE) held $18.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $7.3M over that year. Dividing the one by the other, the reported balance equals about 30 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Nine Energy Service, Inc.'s debt-to-equity ratio negative or not reported?
Nine Energy Service, Inc. (NINE) has negative shareholder equity of -$115.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Nine Energy Service, Inc.'s Altman Z-Score?
Nine Energy Service, Inc. (NINE) has an Altman Z-Score of -1.69, placing it in the Distress Zone (elevated bankruptcy 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 Nine Energy Service, Inc.'s Piotroski F-Score?
Nine Energy Service, Inc. (NINE) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Nine Energy Service, Inc.'s earnings high quality?
Nine Energy Service, Inc. (NINE) reported a net loss of $51.3M while operations used $7.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Nine Energy Service, Inc. cover its interest payments?
Nine Energy Service, Inc. (NINE) has an interest coverage ratio of 0.04x, meaning it can struggle to 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 Nine Energy Service, Inc.?
Nine Energy Service, Inc. (NINE) scores 26 out of 100 on our Financial Health Score, indicating weak 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.