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

19.76 0.56 +2.92%
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) Operating margin

Alert me on Operating margin

National Energy Services Reunited's operating margin over the twelve months to 30 June 2026 was 9.34%, up 1.9 percentage points from fiscal 2025 (7.43%). Over the past ten years it has ranged from −4.94% (fiscal 2021) to 14.8% (fiscal 2017); the current reading is higher than 40% of that period. That is above the Oil & Gas Equipment & Services industry median of 7.44% and below the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 7.43% (3.15)
FY2024 10.6% 3.54
FY2023 7.04% 7.14
FY2022 −0.10% 4.84
FY2021 −4.94% (13.04)
FY2020 8.10% (2.81)
FY2019 10.9% (2.71)
FY2018 13.6% (1.21)
FY2017 14.8% 6.75
FY2016 8.08% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 12.5% 3.54
Mar 2026 8.91% 1.21
Dec 2025 7.70% 1.06
Sep 2025 6.64% (1.64)
23 more quarters

Against its own ten years

Low −4.94% High 14.8%
Ten-year median 8.09%
Current reading's percentile 57

Operating margin against peers

Company Operating margin
FLOC Flowco Holdings Inc. compare 18.8%
EFXT Enerflex Ltd. compare 10.8%
NESR National Energy Services Reunited 9.34%
INVX Innovex International, Inc. compare 6.85%
WTTR Select Water Solutions, Inc. compare 3.51%
XPRO Expro Group Holdings N.V. compare 1.91%
LBRT Liberty Energy Inc. compare 1.67%
NEXT NextDecade Corporation compare 0.00%
EROK EagleRock Land LLC compare —
Oil & Gas Equipment & Services industry median 7.44%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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