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

19.19 2.30 −10.70%
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

National Energy Services Reunited (NESR) Free cash flow margin

Alert me on Free cash flow margin

National Energy Services Reunited's free cash flow margin over the twelve months to 30 June 2026 was 9.99%, up 0.5 percentage points from fiscal 2025 (9.49%). Over the past ten years it has ranged from −3.21% (fiscal 2022) to 12.8% (fiscal 2017); the current reading is higher than 70% of that period. That is above the Oil & Gas Equipment & Services industry median of 3.10% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 9.49% (0.29)
FY2024 9.78% 0.13
FY2023 9.65% 12.86
FY2022 −3.21% (5.88)
FY2021 2.67% (2.43)
FY2020 5.10% 7.72
FY2019 −2.62% (9.60)
FY2018 6.98% (5.85)
FY2017 12.8% 4.97
FY2016 7.86% —

Against its own ten years

Low −3.21% High 12.8%
Ten-year median 7.42%
Current reading's percentile 70

Free cash flow margin against peers

Company Free cash flow margin
FLOC Flowco Holdings Inc. compare 16.6%
EFXT Enerflex Ltd. compare 16.1%
NESR National Energy Services Reunited 9.99%
XPRO Expro Group Holdings N.V. compare 6.73%
NEXT NextDecade Corporation compare 0.00%
INVX Innovex International, Inc. compare 0.00%
WTTR Select Water Solutions, Inc. compare −5.17%
LBRT Liberty Energy Inc. compare −14.0%
EROK EagleRock Land LLC compare —
Oil & Gas Equipment & Services industry median 3.10%
Energy sector median 6.87%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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