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National Energy Services Reunited Corp.

NESR

$32.80 ▼ -0.32 (-0.97%) at close

14 Visible periods

29 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 $3.3B

Dividend Yield —

Revenue Growth 59.1% ↗

Op. Margin 12.5% ↗

ROIC 3.8% ↗

FCF / Share $1.73 ↗

Trailing P/E 74.6x

Price / Book 3.2x

FCF Yield 5.3%

Debt / Equity 0.26

info Valuation on last close. End-of-day price, Sep 23, 2026.

14-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$520.75M

↑ +59.1% —

Net Income Profit after all expenses

$44.02M

↑ +189.6% —

Operating Margin Operating profit as % of sales

12.5%

↑ +39.8% 50th

FCF / Share Free cash flow per share

$1.73

↑ +68.9% —

Long-Term Debt Long-term obligations

$224.21M

↓ -6.6% —

Health Breakdown

Profitability ↑

Financial Health ↑

Cash Quality ↓

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📈 Is growth accelerating? 4 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2020 20-F ↗	Q4 FY2020 Dec 31, 2018 20-F ↗	Q4 FY2019 Dec 31, 2017 10-K ↗	Q3 FY2019 Sep 30, 2017 10-Q ↗	Q2 FY2019 Jun 30, 2017 10-Q ↗	Q1 FY2019 Mar 31, 2018 10-Q ↗
Revenue Growth YoY (%)	59.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1081%)	33.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+570%)	—	—	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	175.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	118.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	189.6% Excellent Excellent Year-over-year change in net income	129.3% Excellent Excellent Year-over-year change in net income	—	—	—	—	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	68.9% Excellent Excellent Year-over-year change in free cash flow	43.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2020 20-F ↗	Q4 FY2020 Dec 31, 2018 20-F ↗	Q4 FY2019 Dec 31, 2017 10-K ↗	Q3 FY2019 Sep 30, 2017 10-Q ↗	Q2 FY2019 Jun 30, 2017 10-Q ↗	Q1 FY2019 Mar 31, 2018 10-Q ↗
Operating Margin (%) (%)	12.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	8.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	—	8.3% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	6.9% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	25.3% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.0% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	21.9% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.2% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	8.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	5.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	—	4.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	3.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	33.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.6% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	—	30.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	6.8% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—
FCF / Net Income (x)	3.95x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.29x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	—	6.48x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.97x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—	1.00x Fair Fair Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2020 20-F ↗	Q4 FY2020 Dec 31, 2018 20-F ↗	Q4 FY2019 Dec 31, 2017 10-K ↗	Q3 FY2019 Sep 30, 2017 10-Q ↗	Q2 FY2019 Jun 30, 2017 10-Q ↗	Q1 FY2019 Mar 31, 2018 10-Q ↗
Return on Invested Capital (%)	3.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	—	2.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	1.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	-5.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	-0.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%
Return on Capital (%) (%)	3.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	1.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—	-1.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	-0.0% Weak Weak Operating profit relative to total assets Optimal: > 10%
Return on Common Equity (%) (%)	4.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-65%)	2.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-80%)	—	1.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-86%)	1.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-91%)	—	—	—	—	—	—	—	—	-0.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)

⚖️ Is the balance sheet risky? 4 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2020 20-F ↗	Q4 FY2020 Dec 31, 2018 20-F ↗	Q4 FY2019 Dec 31, 2017 10-K ↗	Q3 FY2019 Sep 30, 2017 10-Q ↗	Q2 FY2019 Jun 30, 2017 10-Q ↗	Q1 FY2019 Mar 31, 2018 10-Q ↗
Debt to Equity (x)	0.26x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-47%)	0.29x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-42%)	0.32x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-36%)	—	—	—	—	0.65x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+29%)	0.43x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-15%)	0.36x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-27%)	—	—	—	—
Interest Coverage (x)	9.21x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.51x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	—	3.16x Fair Fair Operating income divided by interest expense Optimal: > 5x	2.53x Caution Caution Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$99.63M	$194.44M	$185.33M	—	—	$278.50M	$389.55M	$324.49M	$327.35M	$277.19M	$-741.10K	—	—	$-28.88K
Debt / EBITDA (x)	2.72x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.12x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2020 20-F ↗	Q4 FY2020 Dec 31, 2018 20-F ↗	Q4 FY2019 Dec 31, 2017 10-K ↗	Q3 FY2019 Sep 30, 2017 10-Q ↗	Q2 FY2019 Jun 30, 2017 10-Q ↗	Q1 FY2019 Mar 31, 2018 10-Q ↗
Revenue per Share (USD)	$5.16	$4.01	—	$3.39	$3.15	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$0.44	$0.24	—	$0.16	$0.11	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$1.73	$0.30	—	$1.02	$0.21	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$10.33	$9.87	$9.60	$9.72	$9.57	—	—	$8.99	$10.76	$9.71	$4.66	—	—	$4.66
Tangible Book Value per Share (USD)	$3.56	$3.05	$2.74	$9.72	$9.57	—	—	$0.59	$2.43	$1.43	$4.66	—	—	$4.66
Basic Weighted Avg Shares (shares)	100.85M	100.80M	—	96.43M	96.14M	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2020 20-F ↗	Q4 FY2020 Dec 31, 2018 20-F ↗	Q4 FY2019 Dec 31, 2017 10-K ↗	Q3 FY2019 Sep 30, 2017 10-Q ↗	Q2 FY2019 Jun 30, 2017 10-Q ↗	Q1 FY2019 Mar 31, 2018 10-Q ↗
Working Capital (USD)	$13.71M	$29.33M	$25.45M	—	—	$37.00M	$8.27M	$195.50M	$155.85M	$76.56M	$-2.61M	—	—	$-2.61M
LT Debt (USD)	$224.21M	$240.04M	$255.88M	—	—	$326.74M	$408.48M	$451.94M	$360.00M	$270.26M	—	—	—	—
Total Equity (USD)	$1.04B	$995.21M	$967.92M	$936.90M	$920.48M	—	—	$821.03M	$944.43M	$830.92M	$54.64M	—	—	$54.64M

📋 What is driving earnings? 4 metrics

Metric	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 20-F ↗	Q4 FY2023 Dec 31, 2023 20-F ↗	Q4 FY2022 Dec 31, 2022 20-F ↗	Q4 FY2021 Dec 31, 2020 20-F ↗	Q4 FY2020 Dec 31, 2018 20-F ↗	Q4 FY2019 Dec 31, 2017 10-K ↗	Q3 FY2019 Sep 30, 2017 10-Q ↗	Q2 FY2019 Jun 30, 2017 10-Q ↗	Q1 FY2019 Mar 31, 2018 10-Q ↗
Sales/Revenue/Turnover (USD)	$520.75M	$404.59M	—	$327.37M	$303.10M	—	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$36.11M	$33.78M	—	$35.88M	$36.03M	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$44.02M	$23.83M	—	$15.20M	$10.39M	—	—	—	—	—	—	$-31.05K	$299.17K	$-5.74K
Operating Cash Flow (USD)	$174.01M	$30.75M	—	$98.49M	$20.48M	—	—	—	—	—	$-481.45K	—	—	$-5.74K

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Synced yesterday 8 years · 14 quarters

National Energy Services Reunited Corp.

Analytical Summary

14-Year Financial Trajectory

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