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
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National Energy Services Reunited (NESR) Operating cash flow
National Energy Services Reunited's operating cash flow for fiscal 2025 was $264.2M, up 15.2% from $229.3M in fiscal 2024. Over the twelve months to 30 June 2026 it was $350.0M. Over the past ten years it has ranged from $61.7M (fiscal 2018) to $264.2M (fiscal 2025) — the current reading is the highest in ten years. Operating cash flow has risen for 3 consecutive fiscal years. National Energy Services Reunited ranks 16th of 46 Oil & Gas Equipment & Services companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $264.2M | 15.22% |
| FY2024 | $229.3M | 29.59% |
| FY2023 | $177.0M | 91.15% |
| FY2022 | $92.6M | (27.53%) |
| FY2021 | $127.7M | (5.60%) |
| FY2020 | $135.3M | 51.90% |
| FY2019 | $89.1M | 44.47% |
| FY2018 | $61.7M | (25.88%) |
| FY2017 | $83.2M | 5.45% |
| FY2016 | $78.9M | — |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Jun 2026 | $174.0M | 465.99% |
| Mar 2026 | $30.7M | (77.82%) |
| Dec 2025 | $138.6M | 1,974.39% |
| Sep 2025 | $6.7M | (93.22%) |
| 24 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| LBRT Liberty Energy Inc. compare | $559.7M |
| EFXT Enerflex Ltd. compare | $447.0M |
| NESR National Energy Services Reunited | $350.0M |
| FLOC Flowco Holdings Inc. compare | $343.6M |
| WTTR Select Water Solutions, Inc. compare | $234.1M |
| XPRO Expro Group Holdings N.V. compare | $228.8M |
| INVX Innovex International, Inc. compare | $157.5M |
| NEXT NextDecade Corporation compare | −$37.2M |
| EROK EagleRock Land LLC compare | — |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- Free cash flow margin
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- P/B ratio
- Price to free cash flow
- EV/EBITDA
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- EV/FCF
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