National Energy Services Reunited (NESR) financials
National Energy Services Reunited revenue and earnings by year
National Energy Services Reunited's revenue was $1.32 billion in the fiscal year to December 31, 2025, up 1.7% from the year before. Net income was $51.1 million, 3.9% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 12.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.32 | 1.30 | 1.15 | 0.91 | 0.88 | 0.83 | 0.66 |
| Revenue growth | 1.7% | 13.6% | 26.0% | 3.7% | 5.1% | 26.7% | — |
| Gross profit | 0.16 | 0.21 | 0.15 | 0.07 | 0.00 | 0.08 | 0.15 |
| Gross margin | 12.4% | 16.0% | 13.0% | 7.2% | 0.3% | 9.3% | 23.0% |
| Operating income | 0.10 | 0.14 | 0.08 | -0.00 | -0.04 | 0.04 | 0.07 |
| Operating margin | 7.4% | 10.6% | 7.0% | -0.1% | -4.9% | 4.2% | 10.9% |
| Net income | 0.05 | 0.08 | 0.01 | -0.04 | -0.06 | 0.02 | 0.04 |
| Net margin | 3.9% | 5.9% | 1.1% | -4.0% | -7.4% | 2.0% | 6.0% |
| Diluted EPS | $0.52 | $0.80 | — | — | -$0.71 | $0.18 | — |
| Free cash flow | 0.13 | 0.13 | 0.11 | -0.03 | 0.02 | 0.05 | -0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NESR in Markets.
How National Energy Services Reunited makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Production Services | $330M | 63.3% |
| Drilling & Evaluation Services | $191M | 36.7% |
See also: NESR valuation and P/E history · NESR returns
No forecast, no recommendation. This page describes National Energy Services Reunited from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.