What is Nine Energy Serv's earnings per share (EPS)?

Nine Energy Serv (NINEQ) reported diluted earnings per share of -$1.25 for fiscal year 2025. This represents a -12.6% 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.

Nine Energy Serv (NINEQ) Financials

NINEQ

Trailing 12 months to March 5, 2026

Revenue $499.8M -11.1% YoY

Net Income $63.6M +258.7% YoY

EPS (Diluted) -$1.25 FY2025 annual

Free Cash Flow -$26.9M -868.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 5, 2026 Reported May 13, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NINEQ SEC filings page.

Nine Energy Serv (NINEQ) reported $499.8M in revenue over the twelve months to Mar 5, 2026, down 11.1% 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).

Rhea AI NINEQ FY2025 2026-08-30

Interest expense and shrinking operating margins are eroding equity while reversing the company’s recent cash-generation pattern.

The business moved from positive operating cash flow of $45.5M in FY2023 to -$7.3M in FY2025, while free cash flow also swung from $20.9M to -$23.3M; this indicates that recent earnings are no longer translating into cash after reinvestment. At the same time, FY2025 operating income of $2.3M was dwarfed by interest expense of $55.2M, helping explain the -$51.3M net loss despite revenue of $561.9M.

Revenue was broadly stable versus FY2024, but the operating margin narrowed from 1.6% to 0.4% as selling, general and administrative expense increased to $59.7M. The pattern points to weak conversion of sales into operating profit rather than a volume collapse.

The balance sheet became more encumbered: liabilities reached $454.4M against assets of $339.5M, pushing negative equity to -$115.0M. The current ratio also fell from 2.1x to 1.8x, so short-term asset coverage has narrowed even as reported liquidity equaled 30.3 months of the latest annual operating outflow.

Financial Health Signals

Financial health score not available

Nine Energy Serv does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-1.84

Nine Energy Serv scores -1.84, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($520K) 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.

Piotroski F-Score Partial

2/8

Nine Energy Serv 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.

Earnings Quality No Cash Backing

N/A

Nine Energy Serv 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.

Interest Coverage At Risk

0.04x

Nine Energy Serv 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

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Earnings & Revenue

Revenue

$88.4M

YoY-41.3%

QoQ-33.1%

5Y CAGR+5.8%

Nine Energy Serv generated $88.4M in revenue in Q1 2026. This represents a decrease of 41.3% from the same quarter a year earlier. Against the prior quarter it is down 33.1%.

EBITDA

-$5.1M

YoY-135.5%

Nine Energy Serv's EBITDA was -$5.1M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 135.5% from the same quarter a year earlier.

Net Income

$107.9M

YoY+1627.8%

QoQ+661.2%

Nine Energy Serv reported $107.9M in net income in Q1 2026. This represents an increase of 1627.8% from the same quarter a year earlier. Against the prior quarter it is up 661.2%.

EPS (Diluted)

$2.65

Nine Energy Serv earned $2.65 per diluted share (EPS) in Q1 2026.

Cash & Balance Sheet

Free Cash Flow

-$12.9M

YoY-39.3%

QoQ-168.9%

Nine Energy Serv recorded an outflow of $12.9M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 39.3% from the same quarter a year earlier. Against the prior quarter it is down 168.9%.

Cash & Debt

$11.2M

YoY-34.9%

QoQ-39.0%

5Y CAGR-26.7%

Nine Energy Serv held $11.2M in cash against $90.4M in long-term debt as of Q1 2026.

Shares Outstanding

14M

5Y CAGR-15.1%

Nine Energy Serv had 14M shares outstanding in Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Operating Margin

-12.4%

YoY-16.2pp

QoQ-8.3pp

5Y change+13.5pp

Nine Energy Serv's operating margin was -12.4% in Q1 2026, reflecting core business profitability. This is down 16.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.3 percentage points.

Return on Equity

80.5%

Nine Energy Serv's ROE was 80.5% in Q1 2026, measuring profit generated per dollar of shareholder equity.

Gross Margin

Not reported for Q1 2026.

Net Margin

Not shown for Q1 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures

$3.0M

YoY-25.9%

QoQ+12.4%

5Y CAGR+4.0%

Nine Energy Serv invested $3.0M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 25.9% from the same quarter a year earlier. Against the prior quarter it is up 12.4%.

R&D Spending

Not reported for Q1 2026.

Share Buybacks

Not reported for Q1 2026.

NINEQ 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.

NINEQ quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Revenue	$499.8M	$561.9M+1.4%	$554.1M-9.1%	$609.5M+2.7%	$593.4M+69.8%	$349.4M+12.4%	$310.9M-62.7%	$832.9M+0.7%	$827.2M+52.1%	$543.7M+92.5%	$282.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$302.2M-54.9%	$670.0M+4.8%	$639.3M+42.6%	$448.5M+82.2%	$246.1M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	$8.7M-94.7%	$163.0M-13.3%	$187.9M+97.4%	$95.2M+162.6%	$36.2M
SG&A Expenses	$59.5M	$59.7M+16.5%	$51.3M-14.2%	$59.8M+15.8%	$51.7M+14.0%	$45.3M-8.2%	$49.3M-39.3%	$81.3M+11.3%	$73.1M+47.6%	$49.5M+25.7%	$39.4M
Operating Income	-$14.3M	$2.3M-73.7%	$8.9M-49.1%	$17.6M-59.7%	$43.6M+187.1%	-$50.0M+86.9%	-$383.2M-109.7%	-$182.7M-545.8%	-$28.3M+50.3%	-$57.0M+31.4%	-$83.0M
EBITDA	N/A	$36.8M-19.7%	$45.7M-21.6%	$58.3M-30.7%	$84.2M+1932.4%	-$4.6M+98.6%	-$333.9M-193.4%	-$113.8M-420.4%	$35.5M+576.0%	$5.3M+128.1%	-$18.7M
Interest Expense	$47.6M	$55.2M+7.6%	$51.3M+0.4%	$51.1M+57.4%	$32.5M+199.9%	-$32.5M-188.5%	$36.8M-7.6%	$39.8M+78.2%	$22.3M+42.1%	$15.7M+10.7%	$14.2M
Income Tax	-$177K	-$171K-186.4%	$198K-66.2%	$585K+7.1%	$546K+2284.0%	-$25K+99.0%	-$2.5M+36.8%	-$3.9M-263.7%	$2.4M+147.6%	-$5.0M+81.0%	-$26.3M
Net Income	$63.6M	-$51.3M-24.9%	-$41.1M-27.5%	-$32.2M-323.8%	$14.4M+122.3%	-$64.6M+83.0%	-$378.9M-74.0%	-$217.8M-311.0%	-$53.0M+21.7%	-$67.7M+4.6%	-$70.9M
EPS (Basic)	N/A	-$1.25-12.6%	-$1.11-14.4%	-$0.97-306.4%	$0.47+122.1%	-$2.13+83.3%	-$12.74-71.5%	-$7.43-242.4%	-$2.17+52.3%	-$4.55+14.8%	-$5.34
EPS (Diluted)	—	-$1.25-12.6%	-$1.11-14.4%	-$0.97-315.6%	$0.45+121.1%	-$2.13+83.3%	-$12.74-71.5%	-$7.43-242.4%	-$2.17	-$4.55+14.8%	-$5.34
Diluted Shares (Avg)	N/A	41M+10.1%	37M+11.7%	33M+3.2%	32M+6.4%	30M+1.9%	30M+1.5%	29M+20.1%	24M	15M+12.2%	13M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$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%	$132.4M-18.0%
SG&A Expenses	$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%	$12.5M-12.3%
Operating Income	-$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%	-$1.4M-115.4%
EBITDA	-$5.1M-135.5%	N/A	N/A	N/A	$14.3M+2.2%	N/A	N/A	N/A
Interest Expense	$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%	$12.8M-1.6%
Income Tax	$109K-5.2%	$115K+168.5%	$53K-27.4%	-$454K-426.6%	$115K-25.3%	-$168K-198.2%	$73K-66.0%	$139K+120.3%
Net Income	$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%	-$14.0M-453.4%
EPS (Basic)	$2.65+1572.2%	N/A	-$0.35-34.6%	-$0.25+37.5%	-$0.18+25.0%	N/A	-$0.26+33.3%	-$0.40-400.0%
EPS (Diluted)	$2.65	N/A	-$0.35-34.6%	-$0.25+37.5%	-$0.18+25.0%	N/A	-$0.26+33.3%	-$0.40-400.0%
Diluted Shares (Avg)	41M	N/A	41M+5.3%	41M+15.2%	40M+18.7%	N/A	39M+16.5%	35M+6.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

NINEQ Balance Sheet

NINEQ quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Total Assets	$339.5M-5.7%	$360.1M-10.4%	$402.0M-5.8%	$426.8M+11.8%	$381.6M-13.8%	$442.6M-48.0%	$850.9M-25.4%	$1.1B+97.1%	$578.9M	N/A
Current Assets	$168.8M-1.0%	$170.5M-7.2%	$183.6M-6.7%	$196.7M+41.2%	$139.3M-16.2%	$166.2M-38.2%	$268.9M-19.3%	$333.2M+126.3%	$147.2M	N/A
Cash & Equivalents	$18.4M-33.8%	$27.9M-9.6%	$30.8M+76.8%	$17.4M-18.9%	$21.5M-68.8%	$68.9M-25.9%	$93.0M+46.2%	$63.6M+263.2%	$17.5M+329.9%	$4.1M
Short-Term Investments	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	$56.6M+11.4%	$50.8M-6.8%	$54.5M-12.2%	$62.0M+47.1%	$42.2M+9.8%	$38.4M-37.0%	$60.9M-33.3%	$91.4M+311.3%	$22.2M	N/A
Accounts Receivable	$76.0M-6.4%	$81.2M-8.2%	$88.4M-16.0%	$105.3M+64.4%	$64.0M+55.3%	$41.2M-57.4%	$96.9M-37.4%	$154.8M+55.5%	$99.6M	N/A
Long-Term Investments	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$296.2M-3.8%	$307.8M+228.3%	$93.8M-25.2%	$125.3M
Total Liabilities	$454.4M+6.6%	$426.1M-2.6%	$437.6M-2.8%	$450.3M+7.0%	$420.9M-0.3%	$422.2M-8.4%	$461.0M-15.6%	$546.3M+87.4%	$291.5M	N/A
Current Liabilities	$91.4M+12.1%	$81.5M-1.5%	$82.8M+2.2%	$81.0M+43.5%	$56.5M+30.0%	$43.4M-29.1%	$61.2M-43.5%	$108.3M-62.2%	$286.4M	N/A
Non-Current Liabilities	$363.0M+5.3%	$344.6M-2.9%	$354.9M-3.9%	$369.3M+1.3%	$364.4M-3.8%	$378.8M-5.3%	$399.8M-8.7%	$438.1M+8521.6%	$5.1M	N/A
Long-Term Debt	$341.6M+7.7%	$317.3M-1.0%	$320.5M-5.2%	$338.0M+1.7%	$332.3M-3.0%	$342.7M-12.6%	$392.1M-7.7%	$425.0M	$0	N/A
Total Equity	-$115.0M-74.0%	-$66.1M-85.4%	-$35.6M-51.6%	-$23.5M+40.1%	-$39.3M-292.4%	$20.4M-94.8%	$389.9M-34.5%	$594.8M+107.0%	$287.4M-0.3%	$288.2M
Retained Earnings	-$918.6M-5.9%	-$867.3M-5.0%	-$826.2M-4.1%	-$794.0M+1.8%	-$808.4M-8.7%	-$743.8M-103.9%	-$364.8M-148.1%	-$147.1M-56.3%	-$94.1M	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$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%	$381.7M-12.9%
Current Assets	$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%	$178.3M-14.2%
Cash & Equivalents	$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%	$26.0M-36.7%
Inventory	$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%	$59.7M-5.8%
Accounts Receivable	$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%	$84.4M-11.1%
Total Liabilities	$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%	$431.4M-4.5%
Current Liabilities	$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%	$83.0M-1.0%
Non-Current Liabilities	$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%	$348.5M-5.3%
Long-Term Debt	$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%	$318.7M-4.2%
Total Equity	$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%	-$49.7M-270.7%
Retained Earnings	-$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%	-$848.3M-5.7%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.

NINEQ Cash Flow Statement

NINEQ quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Operating Cash Flow	-$12.0M	-$7.3M-155.4%	$13.2M-71.0%	$45.5M+173.0%	$16.7M+141.3%	-$40.4M-724.6%	-$4.9M-104.8%	$101.3M+13.1%	$89.6M+1479.6%	$5.7M+272.4%	-$3.3M
Depreciation & Amortization	N/A	$34.4M-6.5%	$36.8M-9.7%	$40.7M+0.3%	$40.6M-10.5%	$45.4M-7.7%	$49.2M-28.6%	$68.9M+8.0%	$63.8M+2.6%	$62.2M-3.3%	$64.3M
Stock-Based Compensation	N/A	$2.2M-24.9%	$2.9M+35.8%	$2.2M-11.1%	$2.4M-54.9%	$5.4M-44.5%	$9.7M-30.7%	$14.1M+6.3%	$13.2M+74.7%	$7.6M+32.5%	$5.7M
Capital Expenditures	$14.9M	$15.9M+8.0%	$14.8M-40.0%	$24.6M-13.8%	$28.6M+85.2%	$15.4M+63.7%	$9.4M-85.5%	$65.0M+39.3%	$46.6M+3.2%	$45.2M+395.2%	$9.1M
Free Cash Flow	-$26.9M	-$23.3M-1383.0%	-$1.6M-107.5%	$20.9M+276.0%	-$11.9M+78.7%	-$55.8M-289.9%	-$14.3M-139.4%	$36.3M-15.3%	$42.9M+208.6%	-$39.5M-218.4%	-$12.4M
Investing Cash Flow	-$11.6M	-$13.6M+4.1%	-$14.2M+38.8%	-$23.2M+8.9%	-$25.4M-113.2%	-$11.9M-570.5%	-$1.8M+94.8%	-$34.1M+91.2%	-$389.8M-776.6%	-$44.5M-964.8%	-$4.2M
Financing Cash Flow	$34.9M	$12.9M+864.2%	-$1.7M+81.1%	-$8.9M-283.4%	$4.8M-3.9%	$5.0M+129.0%	-$17.4M+54.1%	-$37.9M-110.9%	$346.7M+562.4%	$52.3M+815.5%	-$7.3M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	-$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%	$12.9M-52.5%
Depreciation & Amortization	$5.9M-31.1%	N/A	N/A	N/A	$8.6M-9.4%	N/A	N/A	N/A
Stock-Based Compensation	$1.9M+152.0%	N/A	N/A	N/A	$750K+29.1%	N/A	N/A	N/A
Capital Expenditures	$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%	$2.6M-55.8%
Free Cash Flow	-$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%	$10.3M-51.5%
Investing Cash Flow	-$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%	-$2.6M+54.7%
Financing Cash Flow	$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%	$5.5M+471.9%

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

NINEQ 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.

NINEQ quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Gross Margin	N/A	N/A	N/A	N/A	N/A	2.8%-16.8pp	19.6%-3.1pp	22.7%+5.2pp	17.5%+4.7pp	12.8%
Operating Margin	0.4%-1.2pp	1.6%-1.3pp	2.9%-4.5pp	7.3%+21.7pp	-14.3%	-123.3%	-21.9%-18.5pp	-3.4%+7.1pp	-10.5%+18.9pp	-29.4%
Net Margin	-9.1%-1.7pp	-7.4%-2.1pp	-5.3%-7.7pp	2.4%+20.9pp	-18.5%	-121.9%	-26.1%-19.7pp	-6.4%+6.0pp	-12.4%+12.7pp	-25.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-1856.8%-1800.9pp	-55.9%-46.9pp	-8.9%+14.6pp	-23.5%+1.1pp	-24.6%
Return on Assets	-15.1%-3.7pp	-11.4%-3.4pp	-8.0%-11.4pp	3.4%+20.3pp	-16.9%+68.7pp	-85.6%-60.0pp	-25.6%-21.0pp	-4.6%+7.1pp	-11.7%	N/A
Current Ratio	1.85-0.2x	2.09-0.1x	2.22-0.2x	2.430.0x	2.47-1.4x	3.83-0.6x	4.39+1.3x	3.08+2.6x	0.51	N/A
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	16.79+15.8x	1.01+0.3x	0.71+0.7x	0.00	N/A
Asset Turnover	1.66+0.1x	1.540.0x	1.52+0.1x	1.39+0.5x	0.92+0.2x	0.70-0.3x	0.98+0.3x	0.72-0.2x	0.94	N/A
FCF Margin	-4.1%-3.9pp	-0.3%-3.7pp	3.4%+5.4pp	-2.0%+14.0pp	-16.0%-11.4pp	-4.6%-9.0pp	4.4%-0.8pp	5.2%+12.5pp	-7.3%-2.9pp	-4.4%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Margin	-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	-1.1%-6.9pp
Net Margin	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	-10.6%-9.0pp
Return on Equity	80.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	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	-3.7%-3.1pp
Current Ratio	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	2.15-0.3x
Debt-to-Equity	0.68	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.27-0.1x	0.390.0x	0.390.0x	0.41+0.1x	0.420.0x	0.390.0x	0.390.0x	0.350.0x
FCF Margin	-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	7.8%-5.4pp

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.

Where Nine Energy Serv Ranks

Frequently Asked Questions

What is Nine Energy Serv's annual revenue?

Nine Energy Serv (NINEQ) 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 Serv's revenue growing?

Nine Energy Serv (NINEQ) revenue grew by 1.4% year-over-year, from $554.1M to $561.9M in fiscal year 2025.

Is Nine Energy Serv profitable?

No, Nine Energy Serv (NINEQ) reported a net income of -$51.3M in fiscal year 2025, with a net profit margin of -9.1%.

What is Nine Energy Serv's EBITDA?

Nine Energy Serv (NINEQ) had EBITDA of $36.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Nine Energy Serv have?

As of fiscal year 2025, Nine Energy Serv (NINEQ) had $18.4M in cash and equivalents against $341.6M in long-term debt.

What is Nine Energy Serv's operating margin?

Nine Energy Serv (NINEQ) 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 Serv's net profit margin?

Nine Energy Serv (NINEQ) 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 Serv's free cash flow?

Nine Energy Serv (NINEQ) 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 Serv's operating cash flow?

Nine Energy Serv (NINEQ) 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 Serv's total assets?

Nine Energy Serv (NINEQ) had $339.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nine Energy Serv's capital expenditures?

Nine Energy Serv (NINEQ) invested $15.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Nine Energy Serv have outstanding?

Nine Energy Serv (NINEQ) had 43M shares outstanding as of fiscal year 2025.

What is Nine Energy Serv's current ratio?

Nine Energy Serv (NINEQ) had a current ratio of 1.85 as of fiscal year 2025, which is generally considered healthy.

What is Nine Energy Serv's return on assets (ROA)?

Nine Energy Serv (NINEQ) had a return on assets of -15.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does Nine Energy Serv's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Nine Energy Serv (NINEQ) 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 Serv's debt-to-equity ratio negative or not reported?

Nine Energy Serv (NINEQ) 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 Serv's Altman Z-Score?

Nine Energy Serv (NINEQ) has an Altman Z-Score of -1.84, 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 Serv's Piotroski F-Score?

Nine Energy Serv (NINEQ) 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 Serv's earnings high quality?

Nine Energy Serv (NINEQ) 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 Serv cover its interest payments?

Nine Energy Serv (NINEQ) 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.