NESR
$21.16+4.34%
National Energy Services Reunited CorpStock · EnergyRussell 2000 · 0.06% of IWMNasdaq Composite · 0.006% of ONEQRussell 3000 · 0.002% of IWV
NESR financial statements
The full income statement, balance sheet, and cash-flow statement for National Energy Services Reunited Corp (NESR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2020-12 87.8M2022-12 94.0M2023-12 95.0M2024-12 96.0M2025-03 96.7M2025-06 97.6M2025-12 100.8M2026-03 100.8M2026-06 100.9M+14.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Revenue | 1.32B+1.7% | 1.30B+13.6% | 1.15B+26.0% | 910M+9.0% | |
| 165M-21.1% | 209M+40.4% | 149M+127.0% | 65.5M-16.0% | ||
| Cost of revenue | 1.16B+6.1% | 1.09B+9.6% | 997M+18.2% | 844M+11.6% | |
| Selling, general & administrative | 47.6M-8.7% | 52.2M+6.1% | 49.2M+3.5% | 47.5M+77.3% | |
| Provision for credit losses | — | 8.84M+2057.1% | 410K-95.0% | 8.19M-93.1% | |
| Operating income | 98.3M-28.6% | 138M+70.6% | 80.7M+8900.8% | -917K-102.6% | |
| Interest expense | 32.5M-18.5% | 39.9M-13.0% | 45.8M+34.3% | 34.1M+114.9% | |
| Pre-tax income | 60.4M-36.8% | 95.5M+220.0% | 29.8M+200.2% | -29.8M-202.4% | |
| Income tax | 9.27M-51.7% | 19.2M+11.1% | 17.3M+160.9% | 6.62M-47.2% | |
| 51.1M-33.0% | 76.3M+506.6% | 12.6M+134.5% | -36.4M-320.0% | ||
| Net income to common | 51.1M-33.0% | 76.3M+606497.8% | 12.6K | — | |
| $0.52-35.0% | $0.80+515.4% | $0.13 | — | ||
| EPS (basic) | $0.52-35.0% | $0.80+515.4% | $0.13 | — | |
| Weighted-avg shares (basic) | 98.4M+3.1% | 95.5M+0.8% | 94.7M+1.9% | 93.0M+4.6% | |
| Weighted-avg shares (diluted) | 99.1M+3.5% | 95.7M+1.0% | 94.7M+1.9% | 93.0M+4.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 630M+16.6% | 541M-0.2% | 542M+0.7% | 538M+5.2% | ||
| Cash & equivalents | 125M+15.6% | 108M+59.2% | 67.8M-14.0% | 78.9M+5.1% | |
| Accounts receivable | 178M+29.7% | 137M-19.9% | 171M+15.2% | 149M+27.3% | |
| Inventory | 94.8M-2.0% | 96.8M-1.7% | 98.4M-10.9% | 111M+17.2% | |
| Prepaid expenses | 13.2M+30.5% | 10.1M+9.8% | 9.24M+2641.2% | 337K-97.1% | |
| Other current assets | 10.7M+50.3% | 7.09M-34.1% | 10.8M-35.5% | 16.7M+322.7% | |
| 1.85B+4.4% | 1.77B-1.3% | 1.80B-1.7% | 1.83B+8.4% | ||
| Property, plant & equipment | 465M+6.2% | 438M-1.0% | 443M-4.0% | 461M+5.3% | |
| Operating lease right-of-use | 20.3M-22.0% | 26.0M-17.7% | 31.6M+5.5% | 30.0M | |
| Goodwill | 645M+0.0% | 645M+0.0% | 645M+0.0% | 645M+3.9% | |
| Intangible assets | 47.1M-28.3% | 65.7M-22.1% | 84.3M-18.1% | 103M-6.8% | |
| Other non-current assets | 43.2M-25.7% | 58.2M+11.2% | 52.3M+1.7% | 51.5M+1740.3% | |
| 605M+20.1% | 504M-5.6% | 533M-2.0% | 544M+24.8% | ||
| Accrued liabilities | 421M+37.9% | 305M-13.1% | 351M-0.6% | 354M+379.2% | |
| Short-term & current debt | 64.5M-6.2% | 68.7M-4.2% | 71.7M+34.5% | 53.4M+12.3% | |
| Current lease liability | 2.95M-45.9% | 5.45M-26.4% | 7.41M+18.3% | 6.26M | |
| Other current liabilities | 24.7M-15.0% | 29.1M-6.4% | 31.1M+18.8% | 26.2M-13.9% | |
| Finance lease liability (current) | 1.75M-67.1% | 5.34M+56.8% | 3.40M+50.0% | 2.27M | |
| 884M+2.1% | 865M-11.3% | 976M-4.8% | 1.03B+24.1% | ||
| Long-term debt | 191M-24.8% | 254M-23.3% | 332M-15.4% | 392M+27.0% | |
| Non-current lease liability | 18.4M-11.5% | 20.8M-17.1% | 25.1M+0.4% | 25.1M | |
| Operating lease liability (total) | 21.4M-18.6% | 26.3M-19.2% | 32.6M+4.0% | 31.3M | |
| Finance lease liability (total) | 2.02M-62.1% | 5.34M-29.1% | 7.53M+206.1% | 2.46M-91.8% | |
| Finance lease liability | 269K | — | 4.13M+2050.0% | 192K | |
| Other non-current liabilities | 30.8M-37.4% | 49.3M-13.8% | 57.2M+40.7% | 40.6M+26.6% | |
| 968M+6.6% | 908M+10.6% | 821M+2.4% | 802M-15.0% | ||
| Common stock | 903M+1.0% | 894M+1.2% | 884M+0.7% | 877M+6.1% | |
| Retained earnings | 65.0M+368.7% | 13.9M+122.2% | -62.4M+16.8% | -75.0M-361.0% | |
| Accumulated other comprehensive income | 69.0K+0.0% | 69.0K+0.0% | 69.0K+0.0% | 69.0K+7.8% | |
| Total equity incl. non-controlling | 968M+6.6% | 908M+10.6% | 821M+2.4% | 802M-6.7% | |
| Total liabilities & equity | 1.85B+4.4% | 1.77B-1.3% | 1.80B-1.7% | 1.83B+8.4% | |
| Common shares issued | 101M+4.9% | 96.0M+1.1% | 95.0M+1.0% | 94.0M+7.1% | |
| Common shares outstanding | 101M+4.9% | 96.0M+1.1% | 95.0M+1.0% | 94.0M+7.1% | |
| Shares outstanding (cover) | 101M+4.9% | 96.0M+1.1% | 95.0M+1.0% | 94.0M+7.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 264M+15.2% | 229M+29.6% | 177M+91.1% | 92.6M-31.1% | ||
| Depreciation & amortization | 142M-0.7% | 143M+0.4% | 142M+22.8% | 116M-4.0% | |
| Share-based compensation | 8.32M+37.9% | 6.03M-10.8% | 6.76M-27.0% | 9.27M+18.3% | |
| Deferred income taxes | -5.20M-91.2% | -2.72M+27.6% | -3.75M+63.4% | -10.3M-216.6% | |
| Change in receivables | 49.5M+296.7% | -25.2M-209.5% | 23.0M-21.5% | 29.3M+1016.1% | |
| Change in inventory | -425K-167.1% | 633K+105.3% | -12.0M-171.3% | 16.8M+41.2% | |
| Other operating activities | 2.74M+739.1% | 327K-65.0% | 933K+11.5% | 837K+44.6% | |
| -152M-37.0% | -111M-33.2% | -83.5M+43.1% | -147M-52.1% | ||
| Capital expenditure | 143M+36.5% | 105M+54.1% | 68.2M-44.3% | 122M | |
| Free cash flow | 121M-2.8% | 124M+14.2% | 109M+464.5% | -29.8M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Purchases of investments | — | — | 16.0M-7.7% | 17.4M | |
| Proceeds from sale of PP&E | 4.91M+60.4% | 3.06M+73.9% | 1.76M+180.8% | 626K+28.5% | |
| Other investing activities | 13.7M+50.6% | 9.09M+808.7% | 1.00M-86.8% | 7.55M+603.2% | |
| -87.3M-11.8% | -78.1M+25.3% | -105M-43.6% | -72.8M-100.9% | ||
| Long-term debt issued | 0.00-100.0% | 4.06M-64.0% | 11.3M+253.8% | 3.19M-78.7% | |
| Long-term debt repaid | 68.7M-19.9% | 85.8M+56.7% | 54.8M-30.5% | 78.8M+203.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -1.60M-879.8% | -163K+17.3% | -197K | — | |
| Net change in cash | 24.7M-38.4% | 40.1M+463.8% | -11.0M+91.3% | -127M-7108.2% | |
| Interest paid | 28.5M-25.6% | 38.3M+13.0% | 33.9M+76.3% | 19.2M+47.4% | |
| Income taxes paid | 27.5M+112.3% | 12.9M-15.0% | 15.2M+38.5% | 11.0M-29.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 1.58B+83.4% | 861M | — | — | |
| P/E | 30.9×+173.7% | 11.3× | — | — | |
| P/S | 1.2×+80.3% | 0.7× | — | — | |
| P/B | 1.6×+72.1% | 0.9× | — | — | |
| P/FCF | 13.1×+88.6% | 6.9× | — | — | |
| Earnings yield | 3.2%-63.5% | 8.9% | — | — | |
| FCF yield | 7.7%-47.0% | 14.4% | — | — | |
| Source filing | 10-K | 20-F | 20-F | 20-F |
About this data
Source: NESR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NESR filings on SEC EDGAR → Not investment advice.