NESR
National Energy Services Reunited Corp Ordinary Shares
NASDAQ: NESR · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$24.25
-3.04% today
Updated 2026-04-29
Market cap
$2.44B
P/E ratio
46.63
P/S ratio
1.85x
EPS (TTM)
$0.52
Dividend yield
—
52W range
$5 – $27
Volume
2.1M
National Energy Services Reunited Corp Ordinary Shares (NESR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $271.32M | $271.32M | $658.38M | $834.15M | $876.73M | $909.52M | $1.15B | $1.30B | $1.32B |
| Revenue growth (YoY) | — | — | +0.0% | +142.7% | +26.7% | +5.1% | +3.7% | +26.0% | +13.6% | +1.7% |
| Cost of revenue | — | $200.15M | $200.15M | $522.73M | $772.06M | $891.99M | $844.04M | $1.02B | $1.09B | $1.18B |
| Gross profit | — | $71.17M | $71.17M | $135.65M | $62.09M | $-15.26M | $65.48M | $129.88M | $208.67M | $145.96M |
| Gross margin | — | 26.2% | 26.2% | 20.6% | 7.4% | -1.7% | 7.2% | 11.3% | 16.0% | 11.0% |
| R&D | — | $0.00 | — | — | — | — | — | — | — | — |
| SG&A | — | $30.34M | $56.67M | $63.84M | $53.19M | $28.07M | $47.53M | $49.17M | $52.20M | $47.64M |
| Operating income | — | $39.66M | $40.23M | $71.81M | $35.28M | $-43.33M | $-917000.00 | $80.70M | $137.70M | $98.32M |
| Operating margin | — | 14.6% | 14.8% | 10.9% | 4.2% | -4.9% | -0.1% | 7.0% | 10.6% | 7.4% |
| EBITDA | — | $78.07M | $99.93M | $159.52M | $165.70M | $76.72M | — | $217.90M | $278.16M | $240.05M |
| EBITDA margin | — | 28.8% | 36.8% | 24.2% | 19.9% | 8.8% | 0.0% | 19.0% | 21.4% | 18.1% |
| EBIT | — | $39.66M | $40.23M | $71.41M | $44.97M | $-45.41M | — | $75.67M | $135.38M | $98.32M |
| Interest expense | — | $6.72M | $6.72M | $18.97M | $15.88M | $15.17M | $34.13M | $45.83M | $39.88M | $32.51M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | — | $30.63M | $28.35M | $39.36M | $16.55M | $-64.57M | $-36.42M | $12.58M | $76.31M | $51.13M |
| Net income growth (YoY) | — | — | -7.4% | +38.8% | -57.9% | -490.0% | +43.6% | +134.5% | +506.6% | -33.0% |
| Profit margin | — | 11.3% | 10.4% | 6.0% | 2.0% | -7.4% | -4.0% | 1.1% | 5.9% | 3.9% |