National Energy Services Reunited Corp. NESR

Energy SIC 1389 - Oil & Gas Field Services, NEC NAICS Mining, Quarrying, and Oil and Gas Extraction › Support Activities for Mining › Support Activities for Oil and Gas Operations derived Nasdaq

Last close 20.46 2026-10-23
Market cap $2.06B 2026-06-30 share count
52-week range 11.84 - 36.94

Valuation FY2025 figures against the last close

P/S1.6x
P/E39.3x
P/FCF17.1x
EV/EBITDA9.1x
Dividend yield—
Diluted EPS0.52

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.32B$1.30B$1.15B$909.5M$876.7M$834.2M————
Cost of revenue $1.16B$1.09B$997.3M$844.0M$873.9M$756.2M————
Gross profit $164.7M$208.7M$148.7M$65.5M$2.8M$77.9M————
SG&A $47.6M$52.2M$49.2M$47.5M$28.1M$26.8M————
Operating income $98.3M$137.7M$80.7M-$917.0K-$43.3M$35.3M——-$4.2M—
Interest expense $32.5M$39.9M$45.8M$34.1M$15.2M$15.9M——$1.3M—
Pre-tax income $60.4M$95.5M$29.8M-$29.8M-$60.6M$29.1M————
Income tax $9.3M$19.2M$17.3M$6.6M$4.0M$12.5M————
Net income $51.1M$76.3M$12.6M-$36.4M-$64.6M$16.6M$39.4M—$28.4M$8.3M
EPS, basic 0.520.800.13-0.39-0.710.19————
EPS, diluted 0.520.800.13-0.39-0.710.18——-0.40—
Shares, diluted (wtd. avg.) 99.1M95.7M94.7M93.0M91.0M89.1M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $124.8M$108.0M$67.8M$78.9M$205.8M$75.0M$73.2M$24.9M$741.1K—
Receivables $178.0M$137.3M$171.3M$148.7M$130.4M$116.8M$98.8M$62.6M——
Inventory $94.8M$96.8M$98.4M$110.5M$93.9M$94.3M$78.8M$58.2M——
Total current assets $630.4M$540.5M$541.7M$537.8M$627.4M$511.2M$403.2M$299.6M$868.5K—
Property, plant and equipment $465.5M$438.1M$442.7M$461.1M$425.5M$437.7M$419.3M$328.7M——
Goodwill $645.1M$645.1M$645.1M$645.1M$645.1M$620.9M$574.8M$570.5M——
Other intangibles $47.1M$65.7M$84.3M$102.9M$121.6M$110.4M$122.7M$138.1M——
Total assets $1.85B$1.77B$1.80B$1.83B$1.83B$1.69B$1.52B$1.34B$231.4M—
Accounts payable $421.1M$305.3M$351.2M$353.5M$314.6M$144.6M$65.7M$66.3M$3.5M—
Short-term debt $64.5M$68.7M$71.7M$53.4M$8.8M$47.5M$15.0M$45.1M——
Total current liabilities $604.9M$503.5M$533.4M$544.1M$431.9M$435.9M$228.1M$223.1M$3.5M—
Long-term debt $191.4M$254.4M$331.6M$391.9M$508.8M$308.6M$330.6M$225.2M——
Total liabilities $883.6M$865.4M$976.2M$1.03B$1.01B$826.6M$635.9M$512.3M$230.1M—
Retained earnings $65.0M$13.9M-$62.4M-$75.0M$2.8M$28.7M$67.7M$28.3M-$2.9M—
Total equity $967.9M$908.2M$821.5M$802.3M$821.0M$859.9M$835.2M$0$389.4M$382.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $264.2M$229.3M$177.0M$92.6M$127.7M$134.5M——-$865.0K—
Depreciation and amortisation $141.7M$142.8M$142.2M$115.8M$122.1M$120.7M————
Stock-based compensation $8.3M$6.0M$6.8M$9.3M$9.8M$7.8M————
Capital expenditure $143.5M$105.1M$68.2M$122.4M$107.1M—————
Investing cash flow -$152.2M-$111.1M-$83.5M-$146.7M-$164.5M-$96.4M——-$229.2M—
Financing cash flow -$87.3M-$78.1M-$104.5M-$72.8M$167.5M-$36.2M——$230.8M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-009139.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Net income, FY2016: 8.3M Net income, FY2017: 28.4M Net income, FY2019: 39.4M Revenue, FY2020: 834.2M Gross profit, FY2020: 77.9M Net income, FY2020: 16.6M Revenue, FY2021: 876.7M Gross profit, FY2021: 2.8M Net income, FY2021: -64.6M Revenue, FY2022: 909.5M Gross profit, FY2022: 65.5M Net income, FY2022: -36.4M Revenue, FY2023: 1.1B Gross profit, FY2023: 148.7M Net income, FY2023: 12.6M Revenue, FY2024: 1.3B Gross profit, FY2024: 208.7M Net income, FY2024: 76.3M Revenue, FY2025: 1.3B Gross profit, FY2025: 164.7M Net income, FY2025: 51.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — $834.2M $876.7M $909.5M $1.15B $1.30B $1.32B
Gross profit — — — — $77.9M $2.8M $65.5M $148.7M $208.7M $164.7M
Net income $8.3M $28.4M — $39.4M $16.6M -$64.6M -$36.4M $12.6M $76.3M $51.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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