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) P/E ratio
As of 16 October 2026, National Energy Services Reunited (NESR) trades at a P/E ratio of 19.9×. Over the past ten years it has ranged from 6.8× (April 2025) to 49.7× (February 2026); the current reading is higher than 58% of that period. That is below the Oil & Gas Equipment & Services industry median of 22.5× and above the Energy sector median of 13.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 29.5× | 163.81% |
| FY2024 | 11.2× | (40.81%) |
| FY2023 | 18.9× | 0.00% |
| FY2022 | 18.9× | 0.00% |
| FY2021 | 18.9× | 0.00% |
| FY2020 | 18.9× | 0.00% |
| FY2019 | 18.9× | 0.00% |
| FY2018 | 18.9× | 0.00% |
| FY2017 | 18.9× | 0.00% |
| FY2016 | 18.9× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 31.8× | (2.12%) |
| Mar 2026 | 32.5× | 10.10% |
| Dec 2025 | 29.5× | 110.23% |
| Sep 2025 | 14.1× | 79.77% |
| 22 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| NEXT NextDecade Corporation compare | n/m |
| FLOC Flowco Holdings Inc. compare | 11.7× |
| NESR National Energy Services Reunited | 19.9× |
| LBRT Liberty Energy Inc. compare | 22.1× |
| HOS Hornbeck Offshore Services Inc compare | 25.4× |
| INVX Innovex International, Inc. compare | 31.5× |
| RES RPC, Inc. compare | 64.4× |
| WTTR Select Water Solutions, Inc. compare | 69.0× |
| XPRO Expro Group Holdings N.V. compare | 91.4× |
| Oil & Gas Equipment & Services industry median | 22.5× |
| Energy sector median | 13.9× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)