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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›NESR›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

National Energy Services Reunited Corp. (NESR) financials

Income statement

National Energy Services Reunited Corp. (NESR) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue————$834M$877M$910M$1.15B$1.30B$1.32B
Revenue growth—————5.1%3.7%26.0%13.6%1.7%
Gross profit————$77.9M$2.78M$65.5M$149M$209M$165M
Gross margin————9.3%0.3%7.2%13.0%16.0%12.4%
Operating income—-$4.21M——$35.3M-$43.3M-$917K$80.7M$138M$98.3M
Operating margin————4.2%-4.9%-0.1%7.0%10.6%7.4%
Net income$8.35M$28.4M—$39.4M$16.6M-$64.6M-$36.4M$12.6M$76.3M$51.1M
Net margin————2.0%-7.4%-4.0%1.1%5.9%3.9%
EPS (diluted)—-$0.40——$0.18-$0.71-$0.39$0.13$0.80$0.52

Cash flow

National Energy Services Reunited Corp. (NESR) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow—-$865K——$134M$128M$92.6M$177M$229M$264M
Capital expenditures—————$107M$122M$68.2M$105M$143M
Free cash flow—————$20.7M-$29.8M$109M$124M$121M

Balance sheet

National Energy Services Reunited Corp. (NESR) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents—$741K$24.9M$73.2M$75.0M$206M$78.9M$67.8M$108M$125M
Total assets—$231M$1.34B$1.52B$1.69B$1.83B$1.83B$1.80B$1.77B$1.85B
Total liabilities—$230M$512M$636M$827M$1.01B$1.03B$976M$865M$884M
Long-term debt——$225M$331M$309M$509M$392M$332M$254M$191M
Shareholders' equity$382M$389M$0.00$835M$860M$821M$802M$821M$908M$968M
Retained earnings—-$2.86M$28.3M$67.7M$28.7M-$35.8M$2.80M-$62.4M$13.9M$65.0M
Shares (wtd avg diluted)—11.7M85.6M87.2M89.1M91.0M93.0M94.7M95.7M99.1M

Every figure is extracted from National Energy Services Reunited Corp.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is National Energy Services Reunited Corp.'s annual revenue?
National Energy Services Reunited Corp. (NESR) reported $1.32B of revenue for fiscal year 2025 — up 1.7% from $1.30B in FY2024, per its annual report filed with the SEC.
Is National Energy Services Reunited Corp. profitable?
Yes — NESR earned $51.1M of net income in FY2025, a 3.9% net margin, per SEC filings.
What is National Energy Services Reunited Corp.'s free cash flow?
$121M in FY2025 (operating cash flow $264M minus $143M of capital expenditures), from the SEC cash-flow statement.
Does NESR pay a dividend?
National Energy Services Reunited Corp. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full NESR analysis — verdict, score & filings →Is NESR a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.