National Energy Services Reunited Corp. NESR
Oil & Gas Field Services, NEC · CIK 0001698514 · Fiscal year ends 1231
Revenue
$520.75M
Fiscal year ended 2026-06-30Operating income
$64.84M
Fiscal year ended 2026-06-30Free cash flow
—Unavailable
Fiscal year ended 2026-06-30Valuation, from the filing
| Public float | $411.20M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-12-31 |
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| Float per share | $4.08 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
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| Float / net income | 8.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
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| Float / revenue | 0.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
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| Float / equity | 0.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
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Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-12-31, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
How this compares in its industry
Percentile among the Oil & Gas Field Services, NEC filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
National Energy Services Reunited Corp. (NESR) reported revenue of $520.75M and net income of $44.02M for the fiscal year ended 2026-06-30. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from National Energy Services Reunited Corp.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Oil & Gas Field Services, NEC.
Income
National Energy Services Reunited Corp. income by fiscal year, in US dollars, normalized from SEC filings.| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
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| Revenue | $520.75M | $404.59M | $693.58M | $327.37M | $303.10M | —Unavailable | —Unavailable |
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| Cost of revenue | $439.46M | $352.76M | $610.19M | $283.48M | $265.65M | —Unavailable | —Unavailable |
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| Gross profit | $81.29M | $51.83M | $83.39M | $43.88M | $37.46M | —Unavailable | —Unavailable |
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| Operating income | $64.84M | $36.04M | $50.29M | $27.09M | $20.94M | —Unavailable | —Unavailable |
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| Net income | $44.02M | $23.83M | $25.54M | $15.20M | $10.39M | —Unavailable | —Unavailable |
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| Research & development | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Weighted-average diluted shares | shares 103.22M | shares 102.93M | —Unavailable | shares 97.64M | shares 96.71M | —Unavailable | —Unavailable |
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| Pretax income | $58.92M | $30.94M | $27.21M | $19.47M | $13.72M | —Unavailable | —Unavailable |
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| Income tax expense | $14.90M | $7.11M | $1.67M | $4.27M | $3.32M | —Unavailable | —Unavailable |
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| Diluted EPS | $0.43 | $0.23 | —Unavailable | $0.16 | $0.11 | —Unavailable | —Unavailable |
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| Selling, general & administrative | $12.02M | $11.10M | $23.72M | $12.10M | $11.82M | —Unavailable | —Unavailable |
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| General & administrative | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Selling & marketing | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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Balance
National Energy Services Reunited Corp. balance by fiscal year, in US dollars, normalized from SEC filings.| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
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| Cash & equivalents | $174.99M | $92.96M | $124.80M | —Unavailable | —Unavailable | $107.96M | $67.82M |
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| Total assets | $2.10B | $1.92B | $1.85B | —Unavailable | —Unavailable | $1.77B | —Unavailable |
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| Current assets | $815.37M | $689.62M | $630.37M | —Unavailable | —Unavailable | $540.52M | —Unavailable |
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| Total liabilities | $1.06B | $928.72M | $883.60M | —Unavailable | —Unavailable | $865.45M | —Unavailable |
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| Current liabilities | $801.66M | $660.29M | $604.92M | —Unavailable | —Unavailable | $503.51M | —Unavailable |
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| Total equity incl. NCI | $1.04B | $995.21M | $967.92M | $936.90M | $920.48M | $908.23M | $821.49M |
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| Temporary (mezzanine) equity | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Inventory | $126.38M | $96.21M | $94.83M | —Unavailable | —Unavailable | $96.77M | —Unavailable |
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| Accounts receivable | $208.83M | $227.93M | $178.02M | —Unavailable | —Unavailable | $137.26M | $171.27M |
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| Goodwill | $645.10M | $645.10M | $645.10M | —Unavailable | —Unavailable | $645.10M | —Unavailable |
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| Long-term debt | $159.71M | $175.54M | $191.38M | —Unavailable | —Unavailable | $254.39M | —Unavailable |
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| Accounts payable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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Cash flow
National Energy Services Reunited Corp. cash flow by fiscal year, in US dollars, normalized from SEC filings.| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
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| Operating cash flow | $174.01M | $30.74M | $145.27M | $98.49M | $20.48M | —Unavailable | —Unavailable |
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| Capital expenditures | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Investing cash flow | -$73.12M | -$36.44M | -$89.81M | -$30.94M | -$31.49M | —Unavailable | —Unavailable |
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| Financing cash flow | -$18.25M | -$25.30M | -$54.57M | -$14.44M | -$18.26M | —Unavailable | —Unavailable |
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| Net change in cash | $82.64M | -$30.99M | $894.00K | $53.11M | -$29.26M | —Unavailable | —Unavailable |
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| Stock-based compensation | $2.67M | $2.50M | $4.74M | $1.72M | $1.86M | —Unavailable | —Unavailable |
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| Common dividends paid | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Common share repurchases | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Depreciation & amortization | $36.11M | $33.78M | $69.82M | $35.88M | $36.04M | —Unavailable | —Unavailable |
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Derived
National Energy Services Reunited Corp. derived by fiscal year, in US dollars, normalized from SEC filings.| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
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| Free cash flow | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Gross margin | 15.6% | 12.8% | 12.0% | 13.4% | 12.4% | —Unavailable | —Unavailable |
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| Operating margin | 12.5% | 8.9% | 7.3% | 8.3% | 6.9% | —Unavailable | —Unavailable |
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| FCF margin | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| SBC / revenue | 0.5% | 0.6% | 0.7% | 0.5% | 0.6% | —Unavailable | —Unavailable |
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| Current ratio | 1.02x | 1.04x | 1.04x | —Unavailable | —Unavailable | 1.07x | —Unavailable |
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| Revenue YoY growth | 59.1% | 33.5% | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Net margin | 8.5% | 5.9% | 3.7% | 4.6% | 3.4% | —Unavailable | —Unavailable |
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| R&D / revenue | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| CapEx / revenue | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Long-term debt / equity | 0.15x | —Unavailable | 0.20x | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Effective tax rate | 25.3% | 23.0% | 6.1% | 21.9% | 24.2% | —Unavailable | —Unavailable |
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Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NESR in the interactive workspace to inspect any figure back to its filing.
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.