Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $834M in 2020 to $1.3B in 2025.
National Energy Services Reunited's fiscal-year revenue rose in each of the five years to 2025, from $834M to $1.3B.
Profit is backed by cash. Free cash flow is 167% of reported profit.
National Energy Services Reunited's free cash flow is 167% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Fast revenue growth. Revenue grew 24% in the 12 months to June 2026 vs the 12 months before, faster than 87% of peers.
Revenue grew 24% in the 12 months to June 2026 vs the 12 months before, faster than 87% of its peers.
StockQuotient Score
58/ 100▲ 1 since Oct 27 closeOct 5 60 → Nov 4 58 (-2)
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growth-35.0%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score -1.05Sector median: 0.0107 · MAD: 0.3431
3-year revenue growth13.3%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score 1.82Sector median: -0.0135 · MAD: 0.0807
Revenue growth23.5%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.09Sector median: 0.0050 · MAD: 0.1101
Why it changed since the Oct 27, 2026 close: Score 43 → 44
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about National Energy Services Reunited
Is National Energy Services Reunited getting weaker?
Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is 58/100, up 1 since Oct 28, 2026.
How is National Energy Services Reunited valued vs its peers?
Priced about in line with its peers. Valuation scores 53/100 against 404 energy peers.
Is National Energy Services Reunited growing?
Yes, faster than most of its peers. Growth scores 74/100 against 404 energy peers.Revenue growth 23.5% vs a peer median of 0.5% (stronger than 87% of peers).Revenue growth 23.5% vs peers 0.5% (stronger than 87% of peers).Earnings per share growth -35.0% vs a peer median of 1.1% (weaker than 71% of peers).Earnings per share growth -35.0% vs peers 1.1% (weaker than 71% of peers).
How profitable is National Energy Services Reunited?
About as profitable as its peers. Profitability scores 44/100 against 404 energy peers.
How risky is National Energy Services Reunited?
Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Debt / equity 0.26× vs a peer median of 0.47× (stronger than 71% of peers).Debt / equity 0.26× vs peers 0.47× (stronger than 71% of peers).Current ratio 1.02× vs a peer median of 1.37× (weaker than 70% of peers).Current ratio 1.02× vs peers 1.37× (weaker than 70% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.4B USD
1.6B USD
+13.6%
Net income (12 months)
64.6M USD
93.4M USD
+44.6%
Operating margin
8.0%
9.3%
+1.4 pts
Free cash flow (12 months)
125.2M USD
156.3M USD
+24.9%
Debt
287.4M USD
274.6M USD
−4.4%
Cash
93.0M USD
175.0M USD
+88.3%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Equipment & Services companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
0.3%
7.2%
13.0%
16.0%
12.4%
▼ 3.6 pts
Operating margin
-4.9%
-0.1%
7.0%
10.6%
7.4%
▼ 3.2 pts
Net margin
-7.4%
-4.0%
1.1%
5.9%
3.9%
▼ 2.0 pts
Return on assets (ROA)
-3.5%
-2.0%
0.7%
4.3%
2.8%
▼ 1.5 pts
Return on equity (ROE)
-7.9%
-4.5%
1.5%
8.4%
5.3%
▼ 3.1 pts
Free cash flow margin
2.4%
-3.3%
9.5%
9.5%
9.1%
▼ 0.4 pts
Current ratio
1.45×
0.99×
1.02×
1.07×
1.04×
▼ 2.9%
Quick ratio
1.24×
0.79×
0.83×
0.88×
0.89×
▲ 0.5%
Debt to equity
0.73×
0.68×
0.56×
0.43×
0.32×
▼ 24%
Interest coverage
-2.86×
-0.03×
1.76×
3.45×
3.02×
▼ 12%
NESR price history
Price history is added with the daily price update and will appear after the next one.