National Energy Services Reunited Financial Statements
NASDAQ: NESREnergyOilfield Services/EquipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
National Energy Services Reunited revenue and earnings
In fiscal 2025, National Energy Services Reunited generated $1.32 billion in revenue, up 1.7% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $51.1 million (-33.0% year over year), for a net margin of 3.9% versus a median of 1.1% in the prior 5 years. Gross margin was 12.4% (down from 16.0%) and operating margin 7.4%.
Diluted earnings per share came in at $0.52, down from $0.80. Over the last 5 fiscal years, NESR's revenue has grown at a 9.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
National Energy Services Reunited income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.32B | 1.30B | 1.15B | 909.52M | 876.73M | 834.15M | — | — | — |
| Revenue growth (YoY) | +1.72% | +13.60% | +25.99% | +3.74% | +5.10% | — | — | — | — |
| Cost of Revenue | 1.16B | 1.09B | 997.26M | 844.04M | 873.95M | 756.25M | — | — | — |
| Gross Profit | 164.73M | 208.67M | 148.65M | 65.48M | 2.78M | 77.91M | — | — | — |
| Operating Expenses | 66.41M | 70.97M | 67.95M | 66.39M | 46.11M | 42.63M | — | — | — |
| Selling, General & Admin | 47.64M | 52.20M | 49.17M | 47.53M | 28.07M | 26.81M | — | — | — |
| Operating Income | 98.32M | 137.70M | 80.70M | -917.00K | -43.33M | 35.28M | — | — | — |
| Interest Expense | 32.51M | 39.88M | 45.83M | 34.13M | 15.17M | 15.88M | — | — | — |
| Pretax Income | 60.40M | 95.50M | 29.85M | -29.80M | -60.58M | 29.09M | — | — | — |
| Income Tax | 9.27M | 19.19M | 17.27M | 6.62M | 3.99M | 12.54M | — | — | — |
| Net Income | 51.13M | 76.31M | 12.58M | -36.42M | -64.57M | 16.55M | 39.36M | 28.35M | 8.35M |
| Net Income growth (YoY) | -32.99% | +506.60% | — | — | -490.02% | -57.94% | +38.84% | +239.56% | — |
| EPS (Basic) | 0.52 | 0.80 | 0.13 | -0.39 | -0.71 | 0.19 | — | — | — |
| EPS (Diluted) | 0.52 | 0.80 | 0.13 | -0.39 | -0.71 | 0.18 | — | — | — |
| Shares Outstanding (Basic) | 98.44M | 95.47M | 94.75M | 92.96M | 91.04M | 88.85M | — | — | — |
| Shares Outstanding (Diluted) | 99.11M | 95.74M | 94.75M | 92.96M | 91.04M | 89.12M | — | — | — |
| EBITDA | 240.05M | 280.49M | 222.93M | 114.93M | 78.79M | 156.00M | — | — | — |
| Gross Margin | 12.44% | 16.03% | 12.97% | 7.20% | 32.00% | 9.34% | — | — | — |
| Operating Margin | 7.43% | 10.58% | 7.04% | -10.00% | -4.94% | 4.23% | — | — | — |
| Net Margin | 3.86% | 5.86% | 110.00% | -4.00% | -7.36% | 1.98% | — | — | — |
This table shows 9 annual periods of National Energy Services Reunited's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NESR's reporting calendar. What is a income statement?