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Nine Energy Service, Inc.

NINE Energy Oil & Gas Equipment & Services

Nine Energy Service, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $561.9 million, up 1.41% from fiscal 2024.

Revenue
−3.70%
EPS
−37.7%
Free cash flow
−515.6%
Total debt
−69.5%

Quarter to June 2026, against a year earlier

7.08 0.76 −9.69%
Market cap
$109.4M
P/E
9.1×
Fwd P/E
1.7×
Dividend yield
—
F-score
2/9
Altman Z
n/a
Beneish M
−3.23
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 109.37
Revenue ttm 536.00
Net income ttm 70.37
Free cash flow ttm (39.98)
Net debt Q 80.70
Valuation
P/E 9.10
Forward P/E 1.72
Price / sales 0.18
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.76
Financial health
Current ratio Q 2.34 (at or above 1.5: strong)
Debt / equity Q 0.76
Interest coverage Q (1.54)
Growth
Revenue growth Q −3.70% (below 0%: shrinking)
Operating income growth Q −185.52% (below 0%: shrinking)
EPS, this year +464.80% (at or above 15%: strong)
EPS, next year A −87.94% (below 0%: weak)
Revenue, next year A −1.96% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 31 28 20 18
Receivables 89 81 76 92
Inventory 54 51 57 49
Other 0 0 3 1
184 170 169 171
2023 2024 2025 Q'26
Payables 33 36 44 44
ST’ Debt 3 4 6 2
Other — — — —
83 82 91 73

Compound Annual Growth %

10y 5y 3y
Sales 1.62% 12.57% (1.80%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.06 Actual −0.04

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 −0.06 −0.04 Beat by 0.02
Q3 FY26 −0.41 — Reports 9 November 2026

EPS $

Mar Jun Sep Dec Year
’26 1.95 (0.35) — — —
’25 (0.18) (0.25) (0.35) (0.47) (1.25)
’24 (0.24) (0.40) (0.26) (0.21) (1.11)
’23 (0.19) (0.08) (0.39) (0.31) (0.97)
’22 (0.23) (0.03) 0.45 0.26 0.45
’21 (0.28) (0.81) (0.53) (0.52) (2.13)
’20 (10.22) (0.81) (0.62) (1.09) (12.74)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 130 142 — — —
’25 150 147 132 132 562
’24 142 132 138 141 554
’23 163 161 141 144 610
’22 117 142 167 167 593
’21 67 85 93 105 349
’20 147 53 50 62 311
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (8) (7) — — —
’25 (5) 10 (10) (2) (7)
’24 (9) 13 (6) 15 13
’23 4 27 (10) 24 46
’22 (6) 0 15 8 17
’21 (5) (20) (2) (14) (40)
’20 1 2 2 (10) (5)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (18) — — —
’25 (9) 4 (13) (3) (21)
’24 (14) 10 (9) 12 (1)
’23 (1) 21 (14) 16 22
’22 (5) (3) 11 (11) (9)
’21 (7) (19) (3) (24) (52)
’20 1 3 0 (11) (7)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 282 544 827 833 311 349 593 610 554 562 536 +7.9% 551 606 667 +5.9%
Gross margin, % 12.84 17.51 22.71 19.56 2.80 11.86 22.97 19.49 17.57 16.83 13.91 +4.0 pt
EBT (97) (73) (51) (222) (381) (65) 15 (32) (41) (51) 68 (6.8%)
EBT margin, % (34.42) (13.37) (6.12) (26.61) (122.70) (18.49) 2.52 (5.19) (7.38) (9.16) 12.77 +25.3 pt
Net income (71) (68) (53) (218) (379) (65) 14 (32) (41) (51) 70 (3.5%)
Per share, $
Per share, $ Revenue 21.28 36.52 33.89 28.42 10.45 11.53 19.18 18.31 14.91 13.73 38.42 (4.8%)
Earnings (5.34) (4.55) (2.17) (7.43) (12.74) (2.13) 0.47 (0.97) (1.11) (1.25) 0.78 (14.9%)
Cash flow (0.25) 0.38 3.67 3.46 (0.16) (1.33) 0.54 1.37 0.36 (0.18) (1.92) (3.6%)
Capex (0.45) (2.92) (1.75) (2.04) (0.06) (0.39) (0.82) (0.70) (0.38) (0.33) (0.95) (3.3%)
Free cash flow (0.70) (2.54) 1.92 1.42 (0.22) (1.73) (0.28) 0.67 (0.03) (0.51) (2.87) (3.4%)
Book value 21.72 19.30 24.37 13.30 0.69 (1.30) (0.76) (1.07) (1.78) (2.81) 9.29 n/m
Shares, m 13 15 24 29 30 30 31 33 37 41 38 +13.3%
Valuation, ×
Valuation, × P/E 9.38 9.38 9.38 9.38 9.38 9.38 9.38 9.38 9.38 9.38 9.10 9.4
P/S 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.83 0.18 0.8
P/B 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 0.76 3.3
EV/Sales 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.33 1.0
EV/FCF (29.41) (29.41) (29.41) (29.41) (29.41) (29.41) (29.41) (29.41) (29.41) (29.41) (4.49) (29.4)
Cash, $m
Cash, $m Operating cash flow (3) 6 90 101 (5) (40) 17 46 13 (7) (27) +9.3%
Capex (6) (43) (43) (60) (2) (12) (25) (23) (14) (14) (13) +9.6%
Free cash flow (9) (38) 47 42 (7) (52) (9) 22 (1) (21) (40) +9.5%
Balance, $m
Balance, $m Working capital 41 (139) 225 208 123 83 116 101 89 77 98 +7.3%
Net debt 240 224 364 299 276 313 323 293 293 328 81 +3.5%
Shareholders’ equity 288 287 595 390 20 (39) (24) (36) (66) (115) 130 n/m
Returns, %
Returns, % ROA (24.62) (11.72) (6.16) (21.86) (58.59) (15.67) 3.56 (7.77) (10.78) (14.67) 20.00 +10.0 pt
ROIC (9.82) (6.96) (1.84) (16.58) (80.85) (11.42) 9.10 4.28 2.46 0.69 (6.36) +10.5 pt
ROE 0.00 (23.52) (12.01) (44.23) (184.72) 684.86 (45.86) 108.94 80.80 56.70 283.76 +56.7 pt
People
People Employees — 1,772 2,261 1,469 735 944 1,212 1,157 1,077 1,072 — (6.1%)
Revenue/emp, $m 0.00 0.31 0.37 0.57 0.42 0.37 0.49 0.53 0.51 0.52 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Nine Energy Service, Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RNGR Ranger Energy Services, Inc. $351.5M 22.9× 15.5× +25.53% (above 0%: growing) −12.12% (below 0%: shrinking) +33.55% (above 0%: growing) 19.15% 6.69% Compare
SND Smart Sand $205.2M 17.3× 10.4× +34.14% (above 0%: growing) −52.73% (below 0%: shrinking) +80.86% (above 0%: growing) 17.23% 8.74% Compare
OMSE OMS Energy Technologies Inc. $170.2M — — — — +204.37% (above 0%: growing) — — Compare
KLXE KLX Energy Services Holdings, Inc. $117.3M — (loss-making) — (loss-making) +5.22% (above 0%: growing) n/m −48.75% (below 0%: shrinking) 21.76% 1.26% Compare
NINE Nine Energy Service, Inc. $109.4M 9.1× 1.7× −3.70% (below 0%: shrinking) n/m −515.61% (below 0%: shrinking) 14.06% (2.04%)
LSE Leishen Energy Holding Co., Ltd. $73.6M — — — — −89.33% (below 0%: shrinking) — — Compare
GEOS Geospace Technologies Corporation $57.1M — (loss-making) — (loss-making) −36.38% (below 0%: shrinking) n/m −251.34% (below 0%: shrinking) 3.14% (64.15%) Compare
DWSN Dawson Geophysical Company $56.8M 14.1× — (loss-making) +81.83% (above 0%: growing) n/m −56.16% (below 0%: shrinking) 14.56% (16.91%) Compare
DTI Drilling Tools International Corp. $56.6M — (loss-making) — (loss-making) −3.42% (below 0%: shrinking) n/m −13.33% (below 0%: shrinking) 71.34% 0.91% Compare
Median of peers $95.4M 17.3× — +15.38% — −31.04% 18.19% 1.09%

All 48 Oil & Gas Equipment & Services stocks →

Pay and ownership Proxy statement filed 6 March 2025

Chief executive’s pay

Year Total pay Actually paid $100 invested
2024 2.02m 1.36m 112.00
2023 3.36m (1.08m) 268.00
2022 2.02m 7.66m 1,453.00

Ownership

Directors and executive officers, together 4.10%
William Monroe 11.50%
Tontine Asset Associates, LLC, Tontine Capital Overseas Master Fund II, L.P. and Jeffrey L. Gendell 9.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Nine Energy Service, Inc. (NINE) Latest News

21 Oct

Impact 1 · · Proactive Investors
Impact 1 ·

15 Oct

Impact 1 · · Proactive Investors

13 Oct

Impact 2 · · Business Wire

8 Oct

Impact 1 · · Proactive Investors

1 Oct

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24 Sep

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23 Sep

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29 Aug

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27 Aug

Impact 1 · · Proactive Investors

25 Aug

Impact 1 · · Proactive Investors

12 Aug

Impact 3 · · The Motley Fool transcript
Impact 1 · · Proactive Investors

9 Aug

Impact 3 · · MarketBeat transcript
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6 Aug

Impact 3 · · Moby transcript

5 Aug

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18 Jul

Impact 1 · · Proactive Investors

14 Jul

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17 Jun

Impact 1 · · Proactive Investors

18 May

Impact 2 ·

14 May

Impact 3 · · Moby transcript

2 Apr

Impact 1 ·

1 Feb

Impact 4 ·

13 Jan

Impact 3 ·

11 Aug

Impact 2 ·
stockrow.com/NINE · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com