National Energy Services Reunited Corp. (NESR)

NESR Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,269	1,302	1,146	909.52	876.73	834.15
Revenue Growth (YoY)	0.31%	13.59%	25.99%	3.74%	5.10%	26.70%
Cost of Revenue	1,094	1,093	997.27	844.04	873.95	756.25
Gross Profit	175.88	208.67	148.65	65.48	2.78	77.91
Selling, General & Admin	45.89	52.2	49.17	47.53	28.07	26.81
Amortization of Goodwill & Intangibles	18.77	18.77	18.77	18.87	18.04	15.82
Operating Expenses	64.66	70.97	67.95	66.4	46.11	42.63
Operating Income	111.22	137.7	80.7	-0.92	-43.33	35.28
Interest Expense	-34.88	-39.88	-45.83	-34.13	-15.17	-15.88
Other Non Operating Income (Expenses)	2.93	1.38	1.97	5.24	-2.07	0.08
EBT Excluding Unusual Items	79.28	99.2	36.85	-29.8	-60.58	19.48
Gain (Loss) on Sale of Investments	-3.7	-3.7	-7	-	-	-
Other Unusual Items	-	-	-	-	-	9.62
Pretax Income	75.58	95.5	29.85	-29.8	-60.58	29.1
Income Tax Expense	5.41	19.19	17.27	6.62	3.99	12.54
Earnings From Continuing Operations	70.17	76.31	12.58	-36.42	-64.57	16.56
Net Income	70.17	76.31	12.58	-36.42	-64.57	16.56
Net Income to Common	70.17	76.31	12.58	-36.42	-64.57	16.56
Net Income Growth	35.63%	506.60%	-	-	-	-57.94%
Shares Outstanding (Basic)	97	95	95	93	91	89
Shares Outstanding (Diluted)	98	96	95	93	91	89
Shares Change (YoY)	2.27%	1.04%	1.92%	2.11%	2.16%	2.44%
EPS (Basic)	0.72	0.80	0.13	-0.39	-0.71	0.19
EPS (Diluted)	0.72	0.80	0.13	-0.39	-0.71	0.18
EPS Growth	32.74%	514.84%	-	-	-	-60.11%
Free Cash Flow	46.24	124.22	108.77	-29.84	20.67	51.82
Free Cash Flow Per Share	0.47	1.30	1.15	-0.32	0.23	0.58
Gross Margin	13.86%	16.03%	12.97%	7.20%	0.32%	9.34%
Operating Margin	8.76%	10.58%	7.04%	-0.10%	-4.94%	4.23%
Profit Margin	5.53%	5.86%	1.10%	-4.00%	-7.36%	1.98%
Free Cash Flow Margin	3.64%	9.54%	9.49%	-3.28%	2.36%	6.21%
EBITDA	257.31	280.49	222.93	114.93	78.79	156
EBITDA Margin	20.27%	21.55%	19.45%	12.64%	8.99%	18.70%
D&A For EBITDA	146.09	142.78	142.23	115.85	122.13	120.72
EBIT	111.22	137.7	80.7	-0.92	-43.33	35.28
EBIT Margin	8.76%	10.58%	7.04%	-0.10%	-4.94%	4.23%
Effective Tax Rate	7.16%	20.09%	57.85%	-	-	43.10%

Updated Nov 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q