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National Energy Services Reunited Corp. NESR
$ 27.88 -3.63%
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Quarterly report 2026-Q1
added 05-11-2026

National Energy Services Reunited Corp. Income Statement 2025-2011 | NESR

Brief overview of profit and loss at National Energy Services Reunited Corp.

This overview is based on financial performance over the past five years. The revenue attributed to National Energy Services Reunited Corp. moved from $621 million to $1.3 billion between the two endpoints. The five-year change reached +113.2%, while CAGR stood at 16.4%. Revenue followed a strong upward trend without signs of stagnation.

Gross profit was 77.9 million dollars at the start and 165 million dollars at the end of the period (+111.4%). The gross margin was 12.5% at the start and 12.4% at the end. The gross margin stayed within a similar range.

EBITDA was $156 million at the beginning and $240 million at the end of the period (+53.9%). Changes in revenue did not translate into comparable EBITDA performance. Comparing the endpoints gives EBITDA margins of 25.1% and 18.1%. A lower EBITDA share weakens the quality of the result.

The five-year change in net income was +208.9%: from 16.6 million dollars to 51.1 million dollars. Net profitability strengthened faster than the top line.

Over the period, capitalization shifted from $1.2 billion to $2.1 billion (+75.3%). The valuation did not keep pace with the reported progress.

Conclusion

Positive developments coexist with areas of weakness. The financial profile benefits from net-income growth, a larger revenue base and steady gross profitability. The most visible risks are weaker operating efficiency. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement National Energy Services Reunited Corp.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

2.06 B 593 M 251 M 246 M 811 M 1.18 B 725 M 736 M 3.41 B - - - - - -

Shares

98.4 M 95.5 M 94.7 M 93 M 91 M 88.8 M 87.2 M 85.6 M 342 M - - - - - -

Historical Prices

21 6.21 2.65 2.65 8.91 13.2 8.31 8.6 9.93 - - - - - -

Net Income

51.1 M 76.3 M 12.6 M -36.4 M -64.6 M 16.6 M 39.4 M 35 M 30.6 M - - - - - -

Revenue

1.32 B 1.3 B 1.15 B 910 M - 621 M 658 M - 271 M - - - - - -

Cost of Revenue

1.16 B 1.09 B 997 M 844 M - - - - - - - - - - -

Gross Profit

165 M 209 M 149 M 65.5 M 2.78 M 77.9 M - - 71.2 M - - - - - -

Operating Income

98.3 M 138 M 80.7 M -917 K -43.3 M 35.3 M - - -4.21 M - - - - - -

Interest Expense

32.5 M 39.9 M 45.8 M 34.1 M 15.2 M 15.9 M - - 1.34 M - - - - - -

EBITDA

240 M 280 M 223 M 115 M 78.8 M 156 M - - 40.8 M - - - - - -

Operating Expenses

- - - - - 53.2 M 63.8 M - 30.9 M - - - - - -

General and Administrative Expenses

47.6 M 52.2 M 49.2 M 47.5 M - - 63.8 M - 30.3 M - - - - - -

All numbers in USD currency

Quarterly Income Statement National Energy Services Reunited Corp.

2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

101 M 100 M 96.4 M 96.1 M 95.5 M 95.4 M 95.4 M 94.7 M - - - - - 91.3 M 91.1 M 90.4 M 87.8 M 89.9 M 88.2 M 87.2 M 87.2 M 87 M 86.9 M 86.9 M 85.6 M 85.6 M 11.7 M 11.7 M 11.7 M 11.7 M 8.31 M 5.25 M - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

23.8 M 17.7 M 15.2 M 10.4 M 76.3 M 20.6 M 18.9 M 12.6 M - - - - - 1.93 M 7.82 M 11.5 M - 11.7 M 10.5 M 11.9 M - 11.1 M 11.4 M 13.2 M - 12.2 M - -1.85 M - -31.1 K 299 K -5.74 K - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

405 M 295 M 327 M 303 M 1.3 B 336 M 325 M 1.15 B - - - - - 218 M 235 M 212 M - 218 M 203 M 199 M - 162 M 160 M 152 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

353 M 260 M 283 M 266 M 1.09 B 283 M 272 M 997 M - - - - - 186 M 194 M 174 M - 178 M 164 M 158 M - 121 M 117 M 114 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

51.8 M 35.4 M 43.9 M 37.5 M 209 M 53.4 M 53.1 M 149 M - - - - - 31.9 M 41 M 38.1 M - 40.5 M 38.9 M 41 M - 40.3 M 43 M 37.2 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

36 M 19.6 M 27.1 M 20.9 M 138 M 35.4 M 34.1 M 80.7 M - - - - - 8.1 M 14.1 M 16 M - 19 M 17.9 M 18.5 M - 19.8 M 22 M 20.1 M - - - -2.56 M - -474 K -76.9 K -5.74 K - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

6.54 M - 8.56 M 8.28 M 39.9 M 9.93 M 9.44 M 45.8 M - - - - - 3.72 M 3.23 M 3.16 M - 3.79 M 4.16 M 4.51 M - 5.01 M 5.75 M 3.93 M - - - 734 K - 572 K 180 K - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

69.8 M 126 M 99 M 57 M 280 M 139 M 103 M 223 M - - - - - 37.4 M 41.7 M 46.2 M - 47 M 44.3 M 47.7 M - 37 M 38 M 38.7 M - - - -2.56 M - -474 K -76.9 K -5.74 K - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

11.1 M 11.1 M 12.1 M 11.8 M 52.2 M 13.3 M 14.3 M 49.2 M - - - - - 19.1 M 22.4 M 18.1 M - 17.4 M 17.1 M 18.6 M - 16.5 M 17.1 M 13 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company National Energy Services Reunited Corp. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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