National Energy Services Reunited Corp. NESR
Last close
34.75
2026-09-04
Market cap
$3.50B
2026-06-30 share count
52-week range
9.31 - 36.94
Valuation FY2025 figures against the last close
P/S2.6x
P/E66.8x
P/FCF29.0x
EV/EBITDA15.1x
Dividend yield—
Diluted EPS0.52
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.52 | 0.80 | 0.13 | -0.39 | -0.71 | 0.19 | — | — | — | — |
| EPS, diluted | 0.52 | 0.80 | 0.13 | -0.39 | -0.71 | 0.18 | — | — | -0.40 | — |
| Shares, diluted (wtd. avg.) | $99.1M | $95.7M | $94.7M | $93.0M | $91.0M | $89.1M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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