National Energy Services Reunited Corp. (NESR)
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.
- Symbol
- NESR
- Exchange
- Nasdaq
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Market cap
- $3.34B
- 52 week range
- 9.95 - 36.94
Valuation
- Share price
- $32.81 (close of 2026-09-23)
- P/E (TTM)
- 35.58x
- Price to book
- 3.20x
- Price to free cash flow
- 21.35x
- Enterprise value
- $3.46B
- Book value per share
- $10.33
Price performance
| Period | Change |
|---|
| 1 day | +1.27% |
| 5 days | +2.24% |
| 1 month | -0.67% |
| 3 months | +30.87% |
| 6 months | +49.61% |
| Year to date | +109.51% |
| 1 year | +216.09% |
| All time | +264.56% |
Profitability and growth
- Return on equity
- 5.28%
- Return on invested capital
- 7.58%
- 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)
- 4.68%
- Current ratio
- 1.02x
- Net debt to EBITDA
- 0.43x
Latest reported year
- Period end
- 2025-12-31
- 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% | 7.58% |
| 2024-12-31 | 16.03% | 5.86% | 8.40% | 9.80% |
| 2023-12-31 | 12.97% | 1.10% | 1.53% | 5.12% |
| 2022-12-31 | 7.20% | -4.00% | -4.54% | -0.07% |
| 2021-12-31 | 0.32% | -7.36% | -7.86% | -3.83% |
| 2020-12-31 | 9.34% | 1.98% | 1.93% | 1.94% |
| 2019-12-31 | - | - | 4.71% | - |
| 2017-12-31 | - | - | 7.28% | -1.08% |
| 2016-12-31 | - | - | 2.19% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $124.80M | $191.38M |
| 2024-12-31 | $107.96M | $254.39M |
| 2023-12-31 | $67.82M | $331.56M |
| 2022-12-31 | $78.85M | $391.86M |
| 2021-12-31 | $205.77M | $508.76M |
| 2020-12-31 | $75.01M | $308.61M |
| 2019-12-31 | $73.20M | $330.56M |
| 2017-12-31 | $741.10K | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $120.79M | $8.32M |
| 2024-12-31 | $124.22M | $6.03M |
| 2023-12-31 | $108.77M | $6.76M |
| 2022-12-31 | $-29.84M | $9.27M |
| 2021-12-31 | $20.67M | $9.76M |
| 2020-12-31 | $134.45M | $7.83M |
| 2017-12-31 | $-865.00K | - |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-12
- Consensus EPS estimate
- $0.50
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-10 | Jun/2026 | $0.35 |
| 2026-05-11 | - | - |
| 2026-02-17 | - | - |
| 2025-11-13 | - | - |
| 2025-08-20 | - | - |
| 2025-06-03 | - | - |
| 2025-03-12 | - | - |
| 2024-11-19 | - | - |
Filings and sources
- Company website
- nesr.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
SLB Limited (SLB) · Baker Hughes Co (BKR) · Halliburton Co (HAL) · ConocoPhillips (COP) · Occidental Petroleum Corp (OXY) · Devon Energy Corp (DVN) · EQT Corp (EQT) · APA Corp (APA)
All Energy companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades