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National Energy Services Reunited

NESR Energy Oil & Gas Equipment & Services

National Energy Services Reunited’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 1.72% from fiscal 2024.

Revenue
+59.1%
EPS
+175.0%
Free cash flow
+45.8%
Total debt
−22.6%

Quarter to June 2026, against a year earlier

19.47 0.27 +1.41%
Market cap
$1.9B
P/E
20.4×
Fwd P/E
13.4×
Dividend yield
—
F-score
5/9
Altman Z
2.00
Beneish M
−2.67
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

National Energy Services Reunited (NESR) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, National Energy Services Reunited (NESR) trades at a EV/EBITDA of 7.0×. Over the past ten years it has ranged from 0.0× (June 2018) to 32.6× (September 2018); the current reading is higher than 71% of that period. That is below the Oil & Gas Equipment & Services industry median of 8.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 7.2× 78.53%
FY2024 4.0× (33.26%)
FY2023 6.0× 24.48%
FY2022 4.9× (21.67%)
FY2021 6.2× (3.29%)
FY2020 6.4× (7.23%)
FY2019 6.9× (14.69%)
FY2018 8.1× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 10.7× 14.94%
Mar 2026 9.3× 29.64%
Dec 2025 7.2× 43.18%
Sep 2025 5.0× 70.68%
22 more quarters

Against its own ten years

Low 0.0× High 32.6×
Ten-year median 5.7×
Current reading's percentile 71

EV/EBITDA against peers

Company EV/EBITDA
EROK EagleRock Land LLC compare n/m
NEXT NextDecade Corporation compare n/m
FLOC Flowco Holdings Inc. compare 3.3×
LBRT Liberty Energy Inc. compare 6.0×
EFXT Enerflex Ltd. compare 6.6×
XPRO Expro Group Holdings N.V. compare 6.8×
NESR National Energy Services Reunited 7.0×
INVX Innovex International, Inc. compare 8.7×
WTTR Select Water Solutions, Inc. compare 9.6×
Oil & Gas Equipment & Services industry median 8.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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