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National Energy Services Reunited (NESR) Financials

National Energy Services Reunited logo
$27.99 +0.11 (+0.39%)
Closing price 04:00 PM Eastern
Extended Trading
$28.30 +0.31 (+1.11%)
As of 06:11 PM Eastern
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Annual Income Statements for National Energy Services Reunited

Annual Income Statements for National Energy Services Reunited

This table shows National Energy Services Reunited's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 39 17 -65 -36 13 76 51
Consolidated Net Income / (Loss)		 39 17 -65 -36 13 76 51
Net Income / (Loss) Continuing Operations		 39 17 -65 -36 13 76 51
Total Pre-Tax Income 		52 29 -61 -30 30 95 60
Total Revenue		 639 827 859 881 1,095 1,259 1,286
Net Interest Income / (Expense)		 -19 -16 -15 -34 -46 -40 -33
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 19 16 15 34 46 40 33
Long-Term Debt Interest Expense		 19 16 15 34 46 40 33
Total Non-Interest Income		 658 843 875 915 1,141 1,299 1,319
Other Service Charges		 -0.41 9.14 -2.07 5.24 -5.03 -2.33 -5.41
Other Non-Interest Income		 658 834 877 910 1,146 1,302 1,324
Total Non-Interest Expense		 587 799 920 910 1,065 1,164 1,226
Other Operating Expenses		 571 783 902 892 1,046 1,145 1,207
Amortization Expense		 16 16 18 19 19 19 19
Income Tax Expense		 13 13 3.99 6.62 17 19 9.27
Basic Earnings per Share		 $0.45 $0.19 ($0.71) ($0.39) $0.13 $0.80 $0.52
Weighted Average Basic Shares Outstanding		 87.00M 88.85M 91.04M 92.96M 94.75M 95.47M 98.44M
Diluted Earnings per Share		 $0.45 $0.18 ($0.71) ($0.39) $0.13 $0.80 $0.52
Weighted Average Diluted Shares Outstanding		 87.00M 89.12M 91.04M 92.96M 94.75M 95.74M 99.11M
Weighted Average Basic & Diluted Shares Outstanding		 87.19M 87.78M - 94.01M 95.00M 96.05M 100.79M

Quarterly Income Statements for National Energy Services Reunited

This table shows National Energy Services Reunited's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 10 24
Consolidated Net Income / (Loss)		 10 24
Net Income / (Loss) Continuing Operations		 10 24
Total Pre-Tax Income 		14 31
Total Revenue		 296 399
Net Interest Income / (Expense)		 -8.28 -6.54
Total Interest Income		 0.00 0.00
Total Interest Expense		 8.28 6.54
Long-Term Debt Interest Expense		 8.28 6.54
Total Non-Interest Income		 304 406
Other Service Charges		 1.06 1.45
Other Non-Interest Income		 303 405
Total Non-Interest Expense		 282 369
Other Operating Expenses		 277 364
Amortization Expense		 4.69 4.69
Income Tax Expense		 3.33 7.11
Basic Earnings per Share		 $0.11 $0.24
Weighted Average Basic Shares Outstanding		 96.14M 100.80M
Diluted Earnings per Share		 $0.11 $0.23
Weighted Average Diluted Shares Outstanding		 96.71M 102.93M
Weighted Average Basic & Diluted Shares Outstanding		 - 100.85M

Annual Cash Flow Statements for National Energy Services Reunited

This table details how cash moves in and out of National Energy Services Reunited's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.00 1.81 131 -127 -11 40 25
Net Cash From Operating Activities		 0.00 134 128 93 177 229 264
Net Cash From Continuing Operating Activities		 0.00 134 128 93 177 229 264
Net Income / (Loss) Continuing Operations		 0.00 17 -65 -36 13 76 51
Consolidated Net Income / (Loss)		 - 17 -65 -36 13 76 51
Depreciation Expense		 - 121 122 116 142 143 142
Non-Cash Adjustments to Reconcile Net Income		 - 9.39 4.53 3.74 14 11 14
Changes in Operating Assets and Liabilities, net		 0.00 -12 65 1.23 8.12 -0.32 57
Net Cash From Investing Activities		 0.00 -96 -165 -147 -83 -111 -152
Net Cash From Continuing Investing Activities		 0.00 -96 -165 -147 -83 -111 -152
Purchase of Investment Securities		 - -14 -167 -147 -85 -114 -157
Sale of Property, Leasehold Improvements and Equipment		 - 0.49 2.76 0.63 1.76 3.06 4.91
Net Cash From Financing Activities		 0.00 -36 168 -73 -105 -78 -87
Net Cash From Continuing Financing Activities		 0.00 -36 168 -73 -105 -78 -87
Issuance of Debt		 - 81 651 143 106 87 99
Repayment of Debt		 - -114 -460 -201 -195 -162 -177
Other Financing Activities, Net		 0.00 -3.83 -23 -14 -16 -3.94 -9.01
Effect of Exchange Rate Changes		 - 0.04 0.01 0.01 0.00 0.00 0.00
Cash Interest Paid		 - 13 9.89 19 34 38 28

Quarterly Cash Flow Statements for National Energy Services Reunited

This table details how cash moves in and out of National Energy Services Reunited's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -29 -31
Net Cash From Operating Activities		 20 31
Net Cash From Continuing Operating Activities		 20 31
Net Income / (Loss) Continuing Operations		 10 24
Consolidated Net Income / (Loss)		 10 24
Depreciation Expense		 36 34
Non-Cash Adjustments to Reconcile Net Income		 2.19 3.95
Changes in Operating Assets and Liabilities, net		 -28 -31
Net Cash From Investing Activities		 -31 -36
Net Cash From Continuing Investing Activities		 -31 -36
Purchase of Investment Securities		 -32 -37
Sale of Property, Leasehold Improvements and Equipment		 0.64 0.40
Net Cash From Financing Activities		 -18 -25
Net Cash From Continuing Financing Activities		 -18 -25
Issuance of Debt		 27 20
Repayment of Debt		 -44 -44
Other Financing Activities, Net		 -0.60 -1.27
Effect of Exchange Rate Changes		 0.00 0.00

Annual Balance Sheets for National Energy Services Reunited

This table presents National Energy Services Reunited's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 231 1,343 1,522 1,687 1,831 1,828 1,798 1,774 1,852
Cash and Due from Banks		 0.74 25 73 75 206 79 68 108 125
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 - 329 419 438 426 461 443 438 465
Goodwill		 - 571 575 621 645 645 645 645 645
Intangible Assets		 - 138 123 110 122 103 84 66 47
Other Assets		 0.13 281 332 443 433 540 558 517 569
Total Liabilities & Shareholders' Equity		 231 1,343 1,522 1,687 1,831 1,828 1,798 1,774 1,852
Total Liabilities		 12 512 636 743 1,010 1,026 976 865 884
Short-Term Debt		 - 160 133 255 99 158 144 164 156
Accrued Interest Payable		 - 39 69 74 0.00 6.26 7.41 5.45 2.95
Other Short-Term Payables		 3.47 24 26 30 332 380 382 334 446
Long-Term Debt		 - 225 331 309 509 392 332 254 191
Other Long-Term Liabilities		 9.02 64 77 75 70 90 111 108 87
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 55 831 886 944 821 802 821 908 968
Total Preferred & Common Equity		 55 831 886 944 821 802 821 908 968
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 55 831 886 944 821 802 821 908 968
Common Stock		 58 803 819 827 857 877 884 894 903
Retained Earnings		 -2.86 28 68 118 -36 -75 -62 14 65
Accumulated Other Comprehensive Income / (Loss)		 - 0.05 0.03 0.06 0.07 0.07 0.07 0.07 0.07

Quarterly Balance Sheets for National Energy Services Reunited

This table presents National Energy Services Reunited's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2026
Period end date 3/31/2026
Total Assets		 1,924
Cash and Due from Banks		 93
Loans and Leases, Net of Allowance		 0.00
Premises and Equipment, Net		 476
Goodwill		 645
Intangible Assets		 42
Other Assets		 667
Total Liabilities & Shareholders' Equity		 1,924
Total Liabilities		 929
Short-Term Debt		 158
Accrued Interest Payable		 1.98
Other Short-Term Payables		 500
Long-Term Debt		 176
Other Long-Term Liabilities		 93
Commitments & Contingencies		 0.00
Total Equity & Noncontrolling Interests		 995
Total Preferred & Common Equity		 995
Preferred Stock		 0.00
Total Common Equity		 995
Common Stock		 906
Retained Earnings		 89
Accumulated Other Comprehensive Income / (Loss)		 0.07

Annual Metrics And Ratios for National Energy Services Reunited

This table displays calculated financial ratios and metrics derived from National Energy Services Reunited's official financial filings.

Metric 2017 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - 100,787,173.00
DEI Adjusted Shares Outstanding		 - - - - - - - 100,787,173.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - 0.51
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 0.00% 29.48% 3.88% 2.46% 24.35% 15.02% 2.11%
EBITDA Growth		 0.00% 0.00% 118.32% -58.77% 39.80% 99.99% 38.47% -15.17%
EBIT Growth		 0.00% 0.00% -45.57% -312.27% 50.81% 200.15% 219.97% -36.75%
NOPAT Growth		 0.00% 0.00% -58.75% -361.15% 50.81% 160.30% 506.60% -32.99%
Net Income Growth		 0.00% 0.00% -57.94% -490.02% 43.59% 134.54% 506.60% -32.99%
EPS Growth		 0.00% 0.00% -60.00% -494.44% 45.07% 133.33% 515.38% -35.00%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% -4.99% -27.53% 91.15% 29.59% 15.22%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 125.81% 53.61% 21.38% -31.27% 32.29%
Invested Capital Growth		 0.00% 0.00% 11.68% -5.23% -5.39% -4.11% 2.27% -0.81%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - -
EBITDA Margin		 0.00% 10.70% 18.04% 7.16% 9.77% 15.71% 18.92% 15.72%
EBIT Margin		 0.00% 8.21% 3.45% -7.05% -3.38% 2.73% 7.58% 4.70%
Profit (Net Income) Margin		 0.00% 6.16% 2.00% -7.51% -4.14% 1.15% 6.06% 3.98%
Tax Burden Percent		 68.07% 75.07% 56.90% 106.58% 122.21% 42.15% 79.91% 84.66%
Interest Burden Percent		 100.00% 100.00% 101.95% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 24.93% 43.10% 0.00% 0.00% 57.85% 20.09% 15.34%
Return on Invested Capital (ROIC)		 0.00% 2.91% 1.14% -2.89% -1.50% 0.95% 5.82% 3.87%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 2.91% 1.20% -6.67% -4.19% 0.95% 5.82% 3.87%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 1.53% 0.67% -4.43% -2.99% 0.60% 3.01% 1.58%
Return on Equity (ROE)		 0.00% 4.44% 1.81% -7.31% -4.49% 1.55% 8.82% 5.45%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -9.90% 2.49% 4.03% 5.14% 3.57% 4.69%
Operating Return on Assets (OROA)		 0.00% 3.66% 1.78% -3.44% -1.63% 1.65% 5.35% 3.33%
Return on Assets (ROA)		 0.00% 2.75% 1.03% -3.67% -1.99% 0.69% 4.27% 2.82%
Return on Common Equity (ROCE)		 0.00% 4.44% 1.81% -7.31% -4.49% 1.55% 8.82% 5.45%
Return on Equity Simple (ROE_SIMPLE)		 - 4.44% 1.75% -7.86% -4.54% 1.53% 8.40% 5.28%
Net Operating Profit after Tax (NOPAT)		 -4.21 39 16 -42 -21 13 76 51
NOPAT Margin		 0.00% 6.16% 1.96% -4.93% -2.37% 1.15% 6.06% 3.98%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -0.06% 3.78% 2.69% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 91.79% 96.55% 107.05% 103.38% 97.27% 92.42% 95.30%
Earnings before Interest and Taxes (EBIT)		 -4.21 52 29 -61 -30 30 95 60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -4.21 68 149 62 86 172 238 202
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 1.31 0.00 0.00 0.00 0.80 0.31 0.94 1.60
Price to Tangible Book Value (P/TBV)		 1.31 0.00 0.00 0.00 11.87 2.73 4.34 5.63
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.73 0.23 0.68 1.21
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 19.96 11.24 30.35
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 -4.00% 0.00% 0.00% 0.00% 0.00% 5.01% 8.90% 3.29%
Enterprise Value to Invested Capital (EV/IC)		 0.02 0.00 0.00 0.00 0.83 0.51 0.88 1.35
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 1.27 0.60 0.93 1.38
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 12.97 3.83 4.90 8.78
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 22.07 12.23 29.38
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 52.35 15.30 34.71
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 12.06 3.72 5.09 6.72
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 19.89 9.67 24.95 28.66
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 0.52 0.60 0.74 0.69 0.58 0.46 0.36
Long-Term Debt to Equity		 0.00 0.37 0.33 0.62 0.49 0.40 0.28 0.20
Financial Leverage		 0.00 0.52 0.56 0.66 0.71 0.63 0.52 0.41
Leverage Ratio		 1.06 1.67 1.75 1.99 2.25 2.23 2.06 1.93
Compound Leverage Factor		 1.06 1.67 1.79 1.99 2.25 2.23 2.06 1.93
Debt to Total Capital		 0.00% 34.36% 37.38% 42.56% 40.67% 36.65% 31.52% 26.42%
Short-Term Debt to Total Capital		 0.00% 9.88% 16.92% 6.96% 11.69% 11.08% 12.34% 11.87%
Long-Term Debt to Total Capital		 0.00% 24.48% 20.46% 35.60% 28.98% 25.57% 19.18% 14.55%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 75.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 24.96% 65.64% 62.62% 57.44% 59.33% 63.35% 68.48% 73.58%
Debt to EBITDA		 0.00 6.79 3.78 9.88 6.39 2.76 1.75 1.72
Net Debt to EBITDA		 0.00 5.72 3.27 6.54 5.48 2.37 1.30 1.10
Long-Term Debt to EBITDA		 0.00 4.84 2.07 8.27 4.55 1.93 1.07 0.95
Debt to NOPAT		 0.00 11.79 34.72 -14.34 -26.36 37.78 5.48 6.80
Net Debt to NOPAT		 0.00 9.93 30.10 -9.49 -22.58 32.39 4.06 4.36
Long-Term Debt to NOPAT		 0.00 8.40 19.01 -12.00 -18.78 26.36 3.33 3.74
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - -
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 -142 37 56 68 47 62
Operating Cash Flow to CapEx		 0.00% 0.00% 163.68% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -8.91 2.41 1.64 1.49 1.17 1.90
Operating Cash Flow to Interest Expense		 0.00 0.00 8.47 8.42 2.71 3.86 5.75 8.13
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 3.29 8.60 2.73 3.90 5.83 8.28
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 0.45 0.52 0.49 0.48 0.60 0.71 0.71
Fixed Asset Turnover		 0.00 1.71 1.93 1.99 1.99 2.42 2.86 2.85
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 219 1,350 1,508 1,429 1,352 1,297 1,326 1,315
Invested Capital Turnover		 0.00 0.47 0.58 0.59 0.63 0.83 0.96 0.97
Increase / (Decrease) in Invested Capital		 0.00 0.00 158 -79 -77 -56 29 -11
Enterprise Value (EV)		 4.63 0.00 0.00 0.00 1,116 659 1,168 1,775
Market Capitalization		 72 0.00 0.00 0.00 645 251 858 1,552
Book Value per Share		 $7.59 $10.36 $10.83 $9.35 $9.14 $8.74 $9.56 $10.08
Tangible Book Value per Share		 $7.59 $2.21 $2.44 $0.62 $0.62 $0.98 $2.08 $2.87
Total Capital		 219 1,350 1,508 1,429 1,352 1,297 1,326 1,315
Total Debt		 0.00 464 564 608 550 475 418 348
Total Long-Term Debt		 0.00 331 309 509 392 332 254 191
Net Debt		 -231 391 489 402 471 407 310 223
Capital Expenditures (CapEx)		 0.00 0.00 82 -2.76 -0.63 -1.76 -3.06 -4.91
Net Nonoperating Expense (NNE)		 -1.34 0.00 -0.32 22 16 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 464 564 608 550 475 418 348
Total Depreciation and Amortization (D&A)		 0.00 16 121 122 116 142 143 142
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.40) $0.45 $0.56 $0.00 ($0.39) $0.13 $0.80 $0.52
Adjusted Weighted Average Basic Shares Outstanding		 7.20M 87.00M 88.85M 0.00 92.96M 94.75M 95.47M 98.44M
Adjusted Diluted Earnings per Share		 ($0.40) $0.45 $0.56 $0.00 ($0.39) $0.13 $0.80 $0.52
Adjusted Weighted Average Diluted Shares Outstanding		 7.20M 87.00M 88.99M 0.00 92.96M 94.75M 95.74M 99.11M
Adjusted Basic & Diluted Earnings per Share		 ($0.40) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 9.55M 87.19M 87.78M 0.00 94.01M 95.00M 96.05M 100.79M
Normalized Net Operating Profit after Tax (NOPAT)		 0.01 39 16 -42 -21 21 76 51
Normalized NOPAT Margin		 0.00% 6.16% 1.96% -4.93% -2.37% 1.91% 6.06% 3.98%
Pre Tax Income Margin		 0.00% 8.21% 3.52% -7.05% -3.38% 2.73% 7.58% 4.70%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.00 2.76 1.80 -3.99 -0.87 0.65 2.39 1.86
NOPAT to Interest Expense		 0.00 2.08 1.02 -2.79 -0.61 0.27 1.91 1.57
EBIT Less CapEx to Interest Expense		 0.00 2.76 -3.38 -3.81 -0.85 0.69 2.47 2.01
NOPAT Less CapEx to Interest Expense		 0.00 2.08 -4.15 -2.61 -0.59 0.31 1.99 1.72
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for National Energy Services Reunited

This table displays calculated financial ratios and metrics derived from National Energy Services Reunited's official financial filings.

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
DEI Shares Outstanding		 96,045,856.00 100,847,255.00
DEI Adjusted Shares Outstanding		 96,045,856.00 100,847,255.00
DEI Earnings Per Adjusted Shares Outstanding		 0.11 0.24
Growth Metrics		 - -
Revenue Growth		 0.00% 35.02%
EBITDA Growth		 0.00% 30.09%
EBIT Growth		 0.00% 125.58%
NOPAT Growth		 0.00% 129.30%
Net Income Growth		 0.00% 129.30%
EPS Growth		 0.00% 109.09%
Operating Cash Flow Growth		 0.00% 50.09%
Free Cash Flow Firm Growth		 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00%
Profitability Metrics		 - -
EBITDA Margin		 16.81% 16.20%
EBIT Margin		 4.64% 7.75%
Profit (Net Income) Margin		 3.51% 5.96%
Tax Burden Percent		 75.76% 77.01%
Interest Burden Percent		 100.00% 100.00%
Effective Tax Rate		 24.24% 22.99%
Return on Invested Capital (ROIC)		 0.00% 12.48%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 12.48%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 4.18%
Return on Equity (ROE)		 0.00% 16.66%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 5.59%
Return on Assets (ROA)		 0.00% 4.31%
Return on Common Equity (ROCE)		 0.00% 16.66%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.49%
Net Operating Profit after Tax (NOPAT)		 10 24
NOPAT Margin		 3.51% 5.96%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00%
Operating Expenses to Revenue		 95.36% 92.25%
Earnings before Interest and Taxes (EBIT)		 14 31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 50 65
Valuation Ratios		 - -
Price to Book Value (P/BV)		 0.00 2.22
Price to Tangible Book Value (P/TBV)		 0.00 7.18
Price to Revenue (P/Rev)		 0.00 1.59
Price to Earnings (P/E)		 0.00 34.23
Dividend Yield		 0.00% 0.00%
Earnings Yield		 0.00% 2.92%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.84
Enterprise Value to Revenue (EV/Rev)		 0.00 1.76
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 11.29
Enterprise Value to EBIT (EV/EBIT)		 0.00 31.57
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 37.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 8.93
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00
Leverage & Solvency		 - -
Debt to Equity		 0.00 0.34
Long-Term Debt to Equity		 0.00 0.18
Financial Leverage		 0.00 0.34
Leverage Ratio		 0.00 1.93
Compound Leverage Factor		 0.00 1.93
Debt to Total Capital		 0.00% 25.09%
Short-Term Debt to Total Capital		 0.00% 11.88%
Long-Term Debt to Total Capital		 0.00% 13.21%
Preferred Equity to Total Capital		 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00%
Common Equity to Total Capital		 0.00% 74.91%
Debt to EBITDA		 0.00 1.54
Net Debt to EBITDA		 0.00 1.11
Long-Term Debt to EBITDA		 0.00 0.81
Debt to NOPAT		 0.00 5.16
Net Debt to NOPAT		 0.00 3.72
Long-Term Debt to NOPAT		 0.00 2.72
Noncontrolling Interest Sharing Ratio		 0.00% 0.00%
Liquidity Ratios		 - -
Cash Flow Metrics		 - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,305
Operating Cash Flow to CapEx		 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -199.41
Operating Cash Flow to Interest Expense		 2.47 4.70
Operating Cash Flow Less CapEx to Interest Expense		 2.55 4.76
Efficiency Ratios		 - -
Asset Turnover		 0.00 0.72
Fixed Asset Turnover		 0.00 2.92
Capital & Investment Metrics		 - -
Invested Capital		 0.00 1,329
Invested Capital Turnover		 0.00 2.09
Increase / (Decrease) in Invested Capital		 0.00 1,329
Enterprise Value (EV)		 0.00 2,450
Market Capitalization		 712 2,210
Book Value per Share		 $0.00 $9.87
Tangible Book Value per Share		 $0.00 $3.05
Total Capital		 0.00 1,329
Total Debt		 0.00 333
Total Long-Term Debt		 0.00 176
Net Debt		 0.00 240
Capital Expenditures (CapEx)		 -0.64 -0.40
Net Nonoperating Expense (NNE)		 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 333
Total Depreciation and Amortization (D&A)		 36 34
Earnings Adjustments		 - -
Adjusted Basic Earnings per Share		 $0.00 $0.24
Adjusted Weighted Average Basic Shares Outstanding		 0.00 100.80M
Adjusted Diluted Earnings per Share		 $0.00 $0.23
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 102.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 100.85M
Normalized Net Operating Profit after Tax (NOPAT)		 10 24
Normalized NOPAT Margin		 3.51% 5.96%
Pre Tax Income Margin		 4.64% 7.75%
Debt Service Ratios		 - -
EBIT to Interest Expense		 1.66 4.73
NOPAT to Interest Expense		 1.25 3.64
EBIT Less CapEx to Interest Expense		 1.73 4.79
NOPAT Less CapEx to Interest Expense		 1.33 3.70
Payout Ratios		 - -
Dividend Payout Ratio		 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

National Energy Services Reunited Corp. had a mixed start to 2026, with stronger profitability but weaker operating cash flow and a larger cash burn from investing and financing. The company’s Q1 2026 net income rose sharply year over year, yet cash and cash equivalents declined meaningfully during the quarter.

  • Net income improved significantly. Q1 2026 consolidated net income rose to $23.8 million from $10.4 million in Q1 2025, showing better bottom-line performance.
  • Revenue increased year over year. Total revenue climbed to $399.5 million from $295.9 million, indicating stronger business activity.
  • Pre-tax income also improved materially. Total pre-tax income increased to $30.9 million from $13.7 million a year ago.
  • Cash on hand remains substantial. The balance sheet showed $93.0 million in cash and due from banks at the end of Q1 2026.
  • Debt expense eased. Long-term debt interest expense fell to $6.5 million from $8.3 million in Q1 2025, helping profitability.
  • Depreciation remained high. Depreciation expense was still elevated at $33.8 million, though slightly below last year’s $36.0 million.
  • Shares outstanding increased. Basic weighted average shares rose to 100.8 million from 96.1 million, which can dilute per-share results over time.
  • Intangible and goodwill balances are large. Goodwill of $645.1 million and intangible assets of $42.4 million make up a meaningful portion of assets and could matter if business conditions weaken.
  • Operating cash flow declined year over year. Net cash from operating activities fell to $30.7 million from $20.5 million in Q1 2025, but much of the improvement in net income did not translate into proportionally stronger cash generation.
  • Investing cash outflows widened. Net cash used in investing activities was -$36.4 million, worse than -$31.5 million a year earlier.
  • Financing activities used cash again. Net cash from financing activities was -$25.3 million, compared with -$18.3 million in Q1 2025, reflecting ongoing debt repayments and other outflows.
  • Cash balance declined during the quarter. Net change in cash and equivalents was -$31.0 million, which reduced liquidity despite the company’s still-solid cash position.
  • Debt remains meaningful. Total short-term and long-term debt combined totaled roughly $333.4 million, which is a notable leverage burden relative to cash.

Overall, NESR’s Q1 2026 results show a company with better earnings and stronger revenue growth, but investors should keep an eye on cash flow conversion, debt levels, and the pace of cash outflows. The quarter looks encouraging on profitability, but the balance sheet and cash flow statement suggest the turnaround still needs to prove itself in cash terms.

07/17/26 06:25 PM ETAI Generated. May Contain Errors.

National Energy Services Reunited Financials - Frequently Asked Questions

According to the most recent income statement we have on file, National Energy Services Reunited's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

National Energy Services Reunited's net income appears to be on an upward trend, with a most recent value of $51.13 million in 2025, rising from $39.36 million in 2019. The previous period was $76.31 million in 2024. See National Energy Services Reunited's forecast for analyst expectations on what's next for the company.

Over the last 6 years, National Energy Services Reunited's total revenue changed from $639.01 million in 2019 to $1.29 billion in 2025, a change of 101.3%.

National Energy Services Reunited's total liabilities were at $883.60 million at the end of 2025, a 2.1% increase from 2024, and a 6,970.7% increase since 2017.

In the past 8 years, National Energy Services Reunited's cash and equivalents has ranged from $741.10 thousand in 2017 to $205.77 million in 2021, and is currently $124.80 million as of their latest financial filing in 2025.

Over the last 7 years, National Energy Services Reunited's book value per share changed from 7.59 in 2017 to 10.08 in 2025, a change of 32.8%.


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Financial statements for NASDAQ:NESR last updated on 5/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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