Shareholders being diluted. Shares outstanding up 30% from December 2022 to December 2025.
Nine Energy Service had 30% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Nine Energy Service had 30% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Sales growing faster than profits. Since 2022: revenue −5.3%, operating profit −95%.
Since 2022, Nine Energy Service's revenue changed −5.3% while operating profit fell 95%: costs rose faster than sales.
Not profitable yet. Reported a loss over the last 12 months.
Nine Energy Service reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Thin margins.Operating margin 0.1% (fiscal year to Dec 2025) vs a peer median of 12%.Operating margin 0.1% (fiscal year to Dec 2025) vs peers 12%.
Nine Energy Service keeps 0.1% of revenue as operating profit, less than most peers (median 12%), leaving less room if costs rise.
StockQuotient Score
33/ 100Oct 5 34 → Nov 4 33 (-1)Fundamentals: Yahoo Finance, not primary filings
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-12.3%
Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.49Sector median: 0.0522 · MAD: 0.0351
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 Nine Energy Service
Is Nine Energy Service getting weaker?
Filing-by-filing changes are tracked only for companies that file with the US SEC. Its overall score is unchanged at 33/100 since Oct 28, 2026.
How is Nine Energy Service valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 404 energy peers.Earnings yield -12.3% vs a peer median of 5.2% (weaker than 100% of peers).Earnings yield -12.3% vs peers 5.2% (weaker than 100% of peers).
Is Nine Energy Service growing?
At about the same pace as its peers. Growth scores 44/100 against 404 energy peers.
How profitable is Nine Energy Service?
Less profitable than most of its peers. Profitability scores 8/100 against 404 energy peers.Return on assets -4.4% vs a peer median of 4.4% (weaker than 93% of peers).Return on assets -4.4% vs peers 4.4% (weaker than 93% of peers).
How risky is Nine Energy Service?
Lower risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Current ratio 2.34× vs a peer median of 1.37× (stronger than 80% of peers).Current ratio 2.34× vs peers 1.37× (stronger than 80% of peers).Debt / equity 0.76× vs a peer median of 0.47× (weaker than 65% of peers).Debt / equity 0.76× vs peers 0.47× (weaker than 65% of peers). A relative measure, not a bankruptcy probability.
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
—
—
—
—
—
—
Operating margin
-14.3%
7.3%
2.9%
1.6%
0.4%
▼ 1.2 pts
Net margin
-18.5%
2.4%
-5.3%
-7.4%
-9.1%
▼ 1.7 pts
Return on assets (ROA)
-16.9%
3.4%
-8.0%
-11.4%
-15.1%
▼ 3.7 pts
Return on equity (ROE)
—
—
—
—
—
—
Free cash flow margin
-16.0%
-2.0%
3.4%
-0.3%
-4.1%
▼ 3.9 pts
Current ratio
2.47×
2.43×
2.22×
2.09×
1.85×
▼ 12%
Quick ratio
1.72×
1.66×
1.56×
1.47×
1.23×
▼ 16%
Debt to equity
—
—
—
—
—
—
Interest coverage
—
1.34×
0.34×
0.17×
0.04×
▼ 76%
NINE price history
Price history is added with the daily price update and will appear after the next one.