NESR

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National Energy Services Reunited Corp

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Key Metrics

Previous Close: $33.55
52-Week Range: $8.23 – $36.94
Market Cap: $3.30B
P/E (TTM): 35.57
EPS (TTM): 0.92
Dividend Yield: —

Advanced Metrics

Price/Book: 3.32
PEG Ratio: —
Return on Equity: 9.44%
Return on Assets: 4.77%
Gross Margin: 13.28%
Operating Margin: 12.45%
Profit Margin: 5.77%
Current Ratio: 1.02
Debt/Equity: 0.29
Total Debt: $304.86M
Free Cash Flow: $137.61M
Revenue Growth: 59.10%
Earnings Growth: 172.80%
Enterprise Value: $3.51B

NESR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$909.52M	$1.15B	$1.30B	$1.32B
Cost of Revenue	$844.04M	$997.26M	$1.09B	$1.16B
Gross Profit	$65.48M	$148.65M	$208.67M	$164.73M
Selling, General & Admin	$47.53M	$49.17M	$52.20M	$47.64M
Operating Expenses	$66.39M	$67.95M	$70.97M	$66.41M
Operating Income	-$917.00K	$80.70M	$137.70M	$98.32M
EBITDA	$120.17M	$217.90M	$278.16M	$234.64M
Pretax Income	-$29.80M	$29.85M	$95.50M	$60.40M
Income Tax	$6.62M	$17.27M	$19.19M	$9.27M
Net Income	-$36.42M	$12.58M	$76.31M	$51.13M
Diluted EPS	-0.39	0.13	0.80	0.52
Diluted Shares	92.96M	94.75M	95.74M	99.11M

NESR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$78.85M	$67.82M	$107.96M	$124.80M
Receivables	$331.43M	$355.46M	$318.55M	$386.84M
Inventory	$110.52M	$98.43M	$96.77M	$94.83M
Current Assets	$537.81M	$541.72M	$540.52M	$630.37M
Total Assets	$1.83B	$1.80B	$1.77B	$1.85B
Current Liabilities	$544.07M	$533.45M	$503.51M	$604.92M
Long-Term Debt	$391.86M	$331.56M	$254.39M	$191.38M
Total Debt	$566.41M	$484.75M	$409.13M	$331.52M
Total Liabilities	$1.03B	$976.25M	$865.45M	$883.60M
Retained Earnings	-$75.02M	-$62.44M	$13.87M	$65.00M
Shareholders' Equity	$802.35M	$821.49M	$908.23M	$967.92M
Working Capital	-$6.25M	$8.27M	$37.00M	$25.45M
Net Debt	$456.25M	$384.38M	$274.89M	$185.33M

NESR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$92.58M	$176.96M	$229.33M	$264.24M
Capital Expenditure	-$122.42M	-$68.19M	-$105.11M	-$143.45M
Free Cash Flow	-$29.84M	$108.77M	$124.22M	$120.79M
Depreciation & Amortisation	$115.84M	$142.23M	$142.78M	$141.73M
Stock-Based Compensation	$9.27M	$6.76M	$6.03M	$8.32M
Investing Cash Flow	-$146.71M	-$83.46M	-$111.13M	-$152.24M
Financing Cash Flow	-$72.80M	-$104.53M	-$78.06M	-$87.26M
Net Change in Cash	-$126.93M	-$11.03M	$40.13M	$24.74M

NESR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$303.10M	$327.37M	$295.31M	$398.26M	$404.59M
Cost of Revenue	$265.65M	$283.48M	$259.95M	$350.23M	$352.75M
Gross Profit	$37.45M	$43.88M	$35.36M	$48.03M	$51.83M
Selling, General & Admin	$11.82M	$12.10M	$11.06M	$12.65M	$11.10M
Operating Expenses	$16.51M	$16.79M	$15.75M	$17.35M	$15.80M
Operating Income	$20.94M	$27.09M	$19.61M	$30.68M	$36.03M
EBITDA	$58.03M	$63.91M	$54.93M	$57.76M	$71.26M
Pretax Income	$13.72M	$19.47M	$12.24M	$14.98M	$30.94M
Income Tax	$3.33M	$4.27M	-$5.50M	$7.17M	$7.11M
Net Income	$10.39M	$15.20M	$17.74M	$7.80M	$23.83M
Diluted EPS	0.11	0.16	0.18	0.08	0.23
Diluted Shares	96.71M	97.64M	100.72M	102.21M	102.93M

NESR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$78.69M	$131.80M	$69.68M	$124.80M	$92.96M
Receivables	$359.69M	$366.80M	$400.95M	$386.84M	$480.24M
Inventory	$101.42M	$98.89M	$97.77M	$94.83M	$96.21M
Current Assets	$554.85M	$619.92M	$595.88M	$630.37M	$689.62M
Total Assets	$1.77B	$1.83B	$1.81B	$1.85B	$1.92B
Current Liabilities	$502.57M	$558.10M	$542.50M	$604.92M	$660.29M
Long-Term Debt	$238.65M	$222.92M	$207.18M	$191.38M	$175.54M
Total Debt	$391.59M	$379.51M	$356.44M	$331.52M	$312.06M
Total Liabilities	$848.84M	$890.19M	$852.47M	$883.60M	$928.72M
Retained Earnings	$24.26M	$39.46M	$57.20M	$65.00M	$88.83M
Shareholders' Equity	$920.48M	$936.90M	$956.65M	$967.92M	$995.21M
Working Capital	$52.28M	$61.82M	$53.38M	$25.45M	$29.33M
Net Debt	$287.63M	$223.02M	$263.27M	$185.33M	$194.44M

NESR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$20.48M	$98.49M	$6.68M	$138.59M	$30.75M
Capital Expenditure	-$30.12M	-$29.74M	-$40.75M	-$42.83M	-$36.00M
Free Cash Flow	-$9.64M	$68.74M	-$34.07M	$95.76M	-$5.26M
Depreciation & Amortisation	$36.03M	$35.88M	$34.57M	$35.25M	$33.78M
Stock-Based Compensation	$1.86M	$1.72M	$2.17M	$2.57M	$2.50M
Investing Cash Flow	-$31.49M	-$30.94M	-$44.35M	-$45.45M	-$36.44M
Financing Cash Flow	-$18.26M	-$14.44M	-$24.45M	-$30.12M	-$25.30M
Net Change in Cash	-$29.26M	$53.11M	-$62.12M	$63.01M	-$30.99M

Market Snapshot

About

National Energy Services Reunited Corp. provides oilfield services across the Middle East and North Africa (MENA) region. The company offers production services, drilling, coiled tubing, cementing, and stimulation for oil and gas operators.