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National Energy Services Reunited Corp.

NESR

$29.11 ▲ +0.26 (+0.90%) at close

8 Visible periods

31 Metrics

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Analytical Summary

National Energy Services Reunited Corp. shows mixed fundamentals. Consider comparing against peers in the Energy sector before making investment decisions.

Market Cap $2.9B

Dividend Yield —

Revenue Growth 1.7% ↘

Op. Margin 7.4% ↘

ROIC 32.3% ↘

FCF / Share $2.68 ↗

Trailing P/E 56.0x

Price / Book —

FCF Yield 9.2%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.32B

↑ +1.7% —

Net Income Profit after all expenses

$51.13M

↓ -33.0% —

Operating Margin Operating profit as % of sales

7.4%

↓ -29.8% 50th

FCF / Share Free cash flow per share

$2.68

↑ +11.7% —

Long-Term Debt Long-term obligations

$258.00M

↓ -21.0% —

Health Breakdown

Profitability ↑

Financial Health ↑

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2020 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2017 10-K ↗	FY 2018 Dec 31, 2016 20-F ↗
Revenue Growth YoY (%)	1.7% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-66%)	13.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+172%)	30.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+514%)	5.1% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	—	—	—	—
EPS Growth YoY (%)	-35.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	515.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	—	—	—	—
Net Income Growth YoY (%)	-33.0% Weak Weak Year-over-year change in net income	506.6% Excellent Excellent Year-over-year change in net income	N/M	N/M	-57.9% Weak Weak Year-over-year change in net income	N/M	N/M	—
FCF Growth YoY (%)	11.7% Fair ↓ Fair Declining Year-over-year change in free cash flow	28.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	33.1% Excellent Excellent Year-over-year change in free cash flow	-7.3% Weak Weak Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	14.7% Good Good Compound annual revenue growth over 3 years	16.0% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	61.5% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2020 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2017 10-K ↗	FY 2018 Dec 31, 2016 20-F ↗
Operating Margin (%) (%)	7.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	10.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	7.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	-4.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-133%)	4.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	—	—	—
Effective Tax Rate (%) (%)	15.3% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	57.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-6.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	43.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	3.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	5.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	1.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	-7.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-192%)	2.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	—	—	—
FCF Margin (%) (%)	20.0% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.6% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.4% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	14.6% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	16.1% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	5.17x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	3.01x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	14.07x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.98x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	8.12x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	0.30x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2020 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2017 10-K ↗	FY 2018 Dec 31, 2016 20-F ↗
Return on Invested Capital (%)	32.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	33.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	10.3% Good Good Return earned on debt + equity capital invested Optimal: > 10%	-3.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	-6.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	5.3% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	7.8% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-2.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	-1.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	—	—	—	-7.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-166%)	—	4.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-61%)	-5.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-144%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2020 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2017 10-K ↗	FY 2018 Dec 31, 2016 20-F ↗
Debt to Equity (x)	—	—	—	0.65x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+29%)	—	0.36x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-27%)	—	—
Interest Coverage (x)	3.02x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.45x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.76x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-2.86x Weak Weak Operating income divided by interest expense Optimal: > 5x	2.22x Caution Caution Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$187.45M	$278.50M	$312.63M	$324.49M	—	$277.19M	$-741.10K	—
Debt / EBITDA (x)	1.30x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.38x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.71x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.73x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2020 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2017 10-K ↗	FY 2018 Dec 31, 2016 20-F ↗
Revenue per Share (USD)	$13.45	$13.63	$12.09	$9.63	$9.39	—	—	—
Basic EPS, GAAP (USD)	$0.52	$0.80	$0.13	$-0.71	$0.19	—	—	—
Free Cash Flow per Share (USD)	$2.68	$2.40	$1.87	$1.40	$1.51	—	—	—
Book Value per Share (USD)	—	—	—	$8.99	—	$9.71	$4.66	—
Tangible Book Value per Share (USD)	—	—	—	$0.59	—	$1.43	$4.66	—
Basic Weighted Avg Shares (shares)	98.44M	95.47M	94.75M	91.04M	88.85M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2020 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2017 10-K ↗	FY 2018 Dec 31, 2016 20-F ↗
Working Capital (USD)	$25.45M	$37.00M	$8.27M	$195.50M	$75.29M	$76.56M	$-2.61M	—
LT Debt (USD)	$258.00M	$326.74M	$331.56M	$451.94M	—	$270.26M	—	—
Total Equity (USD)	—	—	—	$821.03M	—	$830.92M	$54.64M	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2020 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2017 10-K ↗	FY 2018 Dec 31, 2016 20-F ↗
Sales/Revenue/Turnover (USD)	$1.32B	$1.30B	$1.15B	$876.73M	$834.15M	—	—	—
Depreciation Expense (USD)	$141.73M	$142.78M	$142.23M	$122.12M	$120.72M	—	—	—
Net Income, GAAP (USD)	$51.13M	$76.31M	$12.58M	$-64.57M	$16.55M	$39.36M	$-2.86M	$8.35M
Operating Cash Flow (USD)	$264.24M	$229.33M	$176.96M	$127.74M	$134.45M	—	$-865.00K	—

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Synced 1 week ago 8 years · 12 quarters

National Energy Services Reunited Corp.

Analytical Summary

8-Year Financial Trajectory

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