National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems. This segment also provides production assurance chemicals; integrated production management projects; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology for steam applications, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources and treats water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers drilling and workover rigs; rigs and integrated services; fishing and remediation solutions; directional and turbines drilling; drilling fluid systems and related technologies; wireline logging; slickline services, descaling, wax and sand cleanout, plug setting, gas lift valve changeout, fishing and other complex well applications; and well testing services to measure solids, gas, and oil and water produced from well, as well as drilling tools and machine shop services. This segment also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. National Energy Services Reunited Corp. was incorporated in 2017 and is headquartered in Houston, Texas.
Ticker
NESR
Exchange
Nasdaq
Sector
Energy
Industry
Oil & Gas Equipment & Services
Market cap
$2.01B
52-week range
$12.21 - $36.94
Valuation
Share price
$19.96 (close of Nov 6, 2026)
P/E (TTM)
21.46x
Price to book
1.93x
Price to free cash flow
12.88x
Enterprise value
$2.14B
Book value per share
$10.33
Price performance
Period
Change
1 day
+3.96%
5 days
-6.34%
1 month
-18.56%
3 months
-30.81%
6 months
-19.48%
Year to date
+27.46%
1 year
+60.71%
All time
+121.78%
Short interest
As of
Oct 15, 2026
Short % of float
7.56%
Shares short
6.88M
Days to cover
2.12
Change since prior report
+27.49%
Source
FINRA consolidated short interest
Profitability and growth
Return on equity
5.28%
Return on invested capital
6.85%
Return on assets
2.76%
Return on capital employed
7.89%
Gross margin
12.44%
Net margin
3.86%
EBITDA margin
18.13%
Revenue growth
1.72%
Net income growth
-32.99%
Free cash flow growth
-2.77%
Cash flow and balance sheet
Free cash flow yield (TTM)
7.77%
Current ratio
1.02x
Net debt to EBITDA
0.43x
Latest reported year
Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$1.32B
Cost of revenue
$1.16B
Gross profit
$164.73M
EBITDA
$240.05M
Net income
$51.13M
Earnings per share
$0.52
Interest expense
$32.51M
Shares outstanding
98.44M
Income statement by year
Period end
Revenue
Gross profit
Net income
EPS
2025-12-31
$1.32B
$164.73M
$51.13M
$0.52
2024-12-31
$1.30B
$208.67M
$76.31M
$0.80
2023-12-31
$1.15B
$148.65M
$12.58M
$0.13
2022-12-31
$909.52M
$65.48M
-$36.42M
-$0.39
2021-12-31
$876.73M
$2.78M
-$64.57M
-$0.71
2020-12-31
$834.15M
$77.91M
$16.55M
$0.19
2019-12-31
-
-
$39.36M
$0.46
2017-12-31
-
-
$28.35M
-$0.40
2016-12-31
-
-
$8.35M
$0.00
Margins and returns by year
Period end
Gross margin
Net margin
Return on equity
Return on capital
2025-12-31
12.44%
3.86%
5.28%
6.85%
2024-12-31
16.03%
5.86%
8.40%
9.00%
2023-12-31
12.97%
1.10%
1.53%
4.86%
2022-12-31
7.20%
-4.00%
-4.54%
-0.07%
2021-12-31
0.32%
-7.36%
-7.86%
-3.06%
2020-12-31
9.34%
1.98%
1.93%
1.76%
2019-12-31
-
-
4.71%
3.23%*
2017-12-31
-
-
7.28%
-1.08%
2016-12-31
-
-
2.19%
-
* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.