How National Energy Services Reunited makes money

Period

FY2025

How does National Energy Services Reunited make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

National Energy Services Reunited Corp · FY2025 · year ended 2025-12-31

Revenue$1.3BGross profit$165M · 12%Cost of revenue$1.2B · 88%Operating income$98M · 7%Operating expenses$66M · 5%SG&A$48M · 4%Other opex$19M · 1%Pre-tax income$60M · 5%Other expense$38M · 3%Net income$51M · 4%Income tax$9M · 1%Production Services$816M · 62%Drilling & Evaluation Services$508M · 38%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.