NESR National Energy Services Reunited Corp - Ordinary Shares
$25.80
Price · May 20, 2026
Fundamentals as of May 11, 2026
52W Range
$5–$27
93% of range
Analyst Rating
BUY
13 analysts
Price Target
$32
+23% upside
P/E (TTM)
30.1
ROE
5.5%
Net Profit Margin
3.9%
NESR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$25.80
Market Cap
$1.58B
P/E (TTM)
30.1
EPS (TTM)
$0.52
Revenue (TTM)
$1.32B
Div Yield
—
ROE
5.5%
Debt/Equity
0.3
52W Range
$5 – $27
NESR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.32B
2023-12-31
→
2025-12-31
EPS
$0.52
2023-12-31
→
2025-12-31
Free Cash Flow
$121M
2025-12-31
→
2025-12-31
Margins
3.9%
2025-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
NESR
Peer Median
P/E (TTM)
30.1
34.8
P/S (TTM)
1.2
1.9
P/B
1.6
1.7
EV / EBITDA
7.3
—
Price / FCF
13.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
NESR
Peer Median
Gross Margin
12.4%
22.3%
Operating Margin
7.4%
—
Net Profit Margin
3.9%
7.0%
ROA
2.8%
3.5%
ROE
5.5%
11.1%
ROIC
6.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NESR
Peer Median
Debt / Equity
0.3
—
Current Ratio
1.0
1.5
Quick Ratio
0.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NESR
Peer Median
Revenue YoY
1.7%
—
EPS YoY
-35.0%
—
Net Income YoY
-33.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NESR
Peer Median
NESR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 4 30.8%
- Buy 8 61.5%
- Hold 1 7.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-05-21
Median
$32.00
← Below all targets
$25.80
Low
$30.00
High
$35.00
Median target
$32.00
+24.0%
Mean target
$31.86
+23.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
Next Report
Jun 01, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $0.26 | $0.22 | 0.04% |
| Dec. 31, 2025 | $0.32 | $0.26 | 0.06% |
| Sept. 30, 2025 | $0.16 | $0.18 | -0.02% |
| June 30, 2025 | $0.21 | $0.19 | 0.02% |
| March 31, 2025 | $0.14 | $0.15 | -0.01% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NESR | $1.58B | 30.1 | 1.7% | 3.9% | 5.5% | 12.4% |
| USAC | — | — | 5.0% | 11.2% | — | — |
| TDW | $2.50B | 7.6 | 0.52% | 24.7% | 27.0% | — |
| OII | — | 6.9 | 4.6% | 12.7% | 39.6% | 20.4% |
| WBI | — | — | 66.2% | — | — | — |
| WTTR | — | — | -3.1% | 1.5% | 2.6% | 14.4% |
| FLOC | — | 15.1 | 41.9% | 5.5% | 36.2% | — |
| AESI | $1.17B | -23.0 | 3.7% | -4.6% | -4.5% | 13.8% |
| INVX | $1.51B | 18.2 | 48.0% | 8.5% | 8.1% | — |
| PUMP | $992M | 951.0 | -12.1% | 0.06% | 0.10% | — |
| AESI | $1.17B | -23.0 | 3.7% | -4.6% | -4.5% | 13.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $1.32B | $1.30B | $1.15B | |
| Cost of Revenue | $1.16B | $1.09B | $997M | |
| Gross Profit | $165M | $209M | $149M | |
| SG&A Expense | $48M | $52M | $49M | |
| Operating Income | $98M | $138M | $81M | |
| Interest Expense | $33M | $40M | $46M | |
| Pretax Income | $60M | $95M | $30M | |
| Income Tax | $9M | $19M | $17M | |
| Net Income | $51M | $76M | $13M | |
| EPS (Basic) | $0.52 | $0.80 | $0.13 | |
| EPS (Diluted) | $0.52 | $0.80 | $0.13 | |
| Shares (Basic) | 98,444,582 | 95,472,527 | 94,748,324 | |
| Shares (Diluted) | 99,105,484 | 95,735,924 | 94,748,324 | |
| EBITDA | $240M | · | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $125M | $108M | $68M | |
| Receivables | $178M | $137M | $171M | |
| Inventory | $95M | $97M | · | |
| Prepaid Expense | $13M | $10M | · | |
| Other Current Assets | $11M | $7M | · | |
| Current Assets | $630M | $541M | · | |
| PP&E (Net) | $465M | $438M | · | |
| Accum. Depreciation | $522M | $443M | · | |
| Goodwill | $645M | $645M | · | |
| Intangibles | $47M | $66M | · | |
| Other Non-current Assets | $43M | $58M | · | |
| Total Assets | $1.85B | $1.77B | · | |
| Accounts Payable | $421M | $305M | · | |
| Short-term Debt | $54M | $60M | · | |
| Current Liabilities | $605M | $504M | · | |
| Capital Leases | $18M | $21M | · | |
| Other Non-current Liabilities | $31M | $49M | · | |
| Total Liabilities | $884M | $865M | · | |
| Long-term Debt | $256M | $323M | · | |
| Total Debt | $310M | · | · | |
| Common Stock | $903M | $894M | · | |
| Retained Earnings | $65M | $14M | · | |
| AOCI | $69.0K | $69.0K | · | |
| Stockholders' Equity | $968M | $908M | $821M | |
| Liabilities + Equity | $1.85B | $1.77B | · | |
| Shares Outstanding | 100,787,173 | 96,045,856 | · |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $142M | $143M | $142M | |
| Stock-based Comp | $8M | $6M | $7M | |
| Deferred Tax | $-5M | $-3M | $-4M | |
| Other Non-cash | $68M | · | · | |
| Operating Cash Flow | $264M | $229M | $177M | |
| CapEx | $143M | $105M | $68M | |
| Investing Cash Flow | $-152M | $-111M | $-83M | |
| Debt Issued | · | $4M | $11M | |
| Net Debt Issued | $-69M | · | · | |
| Financing Cash Flow | $-87M | $-78M | $-105M | |
| Net Change in Cash | $25M | $40M | $-11M | |
| Taxes Paid | $27M | $13M | $15M | |
| Free Cash Flow | $121M | · | · | |
| Levered FCF | $93M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Gross Margin | 12.4% | · | · | |
| Operating Margin | 7.4% | · | · | |
| Net Margin | 3.9% | · | · | |
| Pretax Margin | 4.6% | · | · | |
| EBITDA Margin | 18.1% | · | · | |
| ROA | 2.8% | · | · | |
| ROE | 5.5% | · | · | |
| ROIC | 6.5% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 1.0 | · | · | |
| Quick Ratio | 0.5 | · | · | |
| Debt / Equity | 0.3 | · | · | |
| LT Debt / Equity | 0.2 | · | · | |
| Interest Coverage | 3.0 | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.7 | · | · | |
| Inventory Turnover | 12.1 | · | · | |
| Receivables Turnover | 8.4 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 1.7% | 13.6% | · | |
| EPS YoY | -35.0% | 515.4% | · | |
| Net Income YoY | -33.0% | 506.6% | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $1.32B | · | · | |
| Net Income TTM | $51M | · | · | |
| Market Cap | $1.58B | · | · | |
| Enterprise Value | $1.76B | · | · | |
| P/E | 30.1 | · | · | |
| P/S | 1.2 | · | · | |
| P/B | 1.6 | · | · | |
| P / Tangible Book | 5.7 | · | · | |
| P / Cash Flow | 6.0 | · | · | |
| P / FCF | 13.1 | · | · | |
| EV / EBITDA | 7.3 | · | · | |
| EV / FCF | 14.6 | · | · | |
| EV / Revenue | 1.3 | · | · | |
| Earnings Yield | 3.3% | · | · |
Income Statement 14
| Metric | Trend | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|---|
| Revenue | $405M | · | $303M | |
| Cost of Revenue | $353M | · | $266M | |
| Gross Profit | $52M | · | $37M | |
| SG&A Expense | $11M | · | $12M | |
| Operating Income | $36M | · | $21M | |
| Interest Expense | $7M | · | $8M | |
| Pretax Income | $31M | · | $14M | |
| Income Tax | $7M | · | $3M | |
| Net Income | $24M | · | $10M | |
| EPS (Basic) | $0.24 | · | $0.11 | |
| EPS (Diluted) | $0.23 | · | $0.11 | |
| Shares (Basic) | 100,803,435 | · | 96,139,181 | |
| Shares (Diluted) | 102,931,550 | · | 96,710,484 | |
| EBITDA | $70M | · | · |
Balance Sheet 26
| Metric | Trend | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|---|
| Cash & Equivalents | $93M | $125M | · | |
| Receivables | $228M | $178M | · | |
| Inventory | $96M | $95M | · | |
| Prepaid Expense | $10M | $13M | · | |
| Other Current Assets | $11M | $11M | · | |
| Current Assets | $690M | $630M | · | |
| PP&E (Net) | $476M | $465M | · | |
| Accum. Depreciation | $538M | $522M | · | |
| Goodwill | $645M | $645M | · | |
| Intangibles | $42M | $47M | · | |
| Other Non-current Assets | $45M | $43M | · | |
| Total Assets | $1.92B | $1.85B | · | |
| Accounts Payable | $483M | $421M | · | |
| Short-term Debt | $47M | $54M | · | |
| Current Liabilities | $660M | $605M | · | |
| Capital Leases | $23M | $18M | · | |
| Other Non-current Liabilities | $32M | $31M | · | |
| Total Liabilities | $929M | $884M | · | |
| Long-term Debt | $240M | $258M | · | |
| Total Debt | $287M | · | · | |
| Common Stock | $906M | $903M | · | |
| Retained Earnings | $89M | $65M | · | |
| AOCI | $69.0K | $69.0K | · | |
| Stockholders' Equity | $995M | $968M | · | |
| Liabilities + Equity | $1.92B | $1.85B | · | |
| Shares Outstanding | 100,847,255 | 100,787,173 | · |
Cash Flow 12
| Metric | Trend | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|---|
| D&A | $34M | · | $36M | |
| Stock-based Comp | $3M | · | $2M | |
| Deferred Tax | $1M | · | $-1M | |
| Other Non-cash | $-30M | · | · | |
| Operating Cash Flow | $31M | · | $20M | |
| CapEx | $36M | · | $30M | |
| Investing Cash Flow | $-36M | · | $-31M | |
| Net Debt Issued | $-16M | · | · | |
| Financing Cash Flow | $-25M | · | $-18M | |
| Net Change in Cash | $-31M | · | $-29M | |
| Free Cash Flow | $-5M | · | · | |
| Levered FCF | $-10M | · | · |
Profitability 8
| Metric | Trend | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|---|
| Gross Margin | 12.8% | · | · | |
| Operating Margin | 8.9% | · | · | |
| Net Margin | 5.9% | · | · | |
| Pretax Margin | 7.6% | · | · | |
| EBITDA Margin | 17.3% | · | · | |
| ROA | 2.2% | · | · | |
| ROE | 4.5% | · | · | |
| ROIC | 2.2% | · | · |
Liquidity & Solvency 5
| Metric | Trend | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|---|
| Current Ratio | 1.0 | · | · | |
| Quick Ratio | 0.5 | · | · | |
| Debt / Equity | 0.3 | · | · | |
| LT Debt / Equity | 0.2 | · | · | |
| Interest Coverage | 5.5 | · | · |
Efficiency 3
| Metric | Trend | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|---|
| Asset Turnover | 0.4 | · | · | |
| Inventory Turnover | 7.3 | · | · | |
| Receivables Turnover | 3.6 | · | · |
Valuation (TTM) 8
| Metric | Trend | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|---|
| Market Cap | $2.17B | · | · | |
| Enterprise Value | $2.36B | · | · | |
| P/B | 2.2 | · | · | |
| P / Tangible Book | 7.0 | · | · | |
| P / Cash Flow | 70.4 | · | · | |
| P / FCF | -411.7 | · | · | |
| EV / EBITDA | 33.8 | · | · | |
| EV / FCF | -448.7 | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2017-12-31 | |
|---|---|---|---|---|
| Revenue | $1.32B | $1.30B | $1.15B | — |
| Gross Margin % | 12.4% | — | — | — |
| Operating Margin % | 7.4% | — | — | -313.7% |
| Net Income | $51M | $76M | $13M | $-3M |
| Diluted EPS | $0.52 | $0.80 | $0.13 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2017-12-31 | |
|---|---|---|---|---|
| Debt / Equity | 0.3 | — | — | — |
| Current Ratio | 1.0 | — | — | 0.2 |
| Quick Ratio | 0.5 | — | — | 0.2 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2017-12-31 | |
|---|---|---|---|---|
| Free Cash Flow | $121M | — | — | — |
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