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. In the quarter to June 2026, revenue grew 59.1%, EPS grew 175.0%, free cash flow grew 45.8% and total debt fell 22.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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National Energy Services Reunited (NESR) EV/Sales
As of 16 October 2026, National Energy Services Reunited (NESR) trades at a EV/Sales of 1.2×. Over the past ten years it has ranged from 0.6× (July 2025) to 2.3× (August 2026); the current reading is higher than 59% of that period. That is below the Oil & Gas Equipment & Services industry median of 1.3× and below the Energy sector median of 2.3×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 1.3× | 50.21% |
| FY2024 | 0.9× | (12.35%) |
| FY2023 | 1.0× | 0.00% |
| FY2022 | 1.0× | 0.00% |
| FY2021 | 1.0× | 0.00% |
| FY2020 | 1.0× | 0.00% |
| FY2019 | 1.0× | 0.00% |
| FY2018 | 1.0× | 0.00% |
| FY2017 | 1.0× | 0.00% |
| FY2016 | 1.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 1.9× | 16.40% |
| Mar 2026 | 1.7× | 26.86% |
| Dec 2025 | 1.3× | 28.06% |
| Sep 2025 | 1.0× | 66.10% |
| 22 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| NEXT NextDecade Corporation compare | n/m |
| HOS Hornbeck Offshore Services Inc compare | 0.5× |
| RES RPC, Inc. compare | 0.7× |
| LBRT Liberty Energy Inc. compare | 0.9× |
| XPRO Expro Group Holdings N.V. compare | 1.1× |
| NESR National Energy Services Reunited | 1.2× |
| FLOC Flowco Holdings Inc. compare | 1.3× |
| INVX Innovex International, Inc. compare | 1.7× |
| WTTR Select Water Solutions, Inc. compare | 1.9× |
| Oil & Gas Equipment & Services industry median | 1.3× |
| Energy sector median | 2.3× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)