National Energy Services Reunited Corp. (NESR)

NESR Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,302	1,146	909.52	876.73	834.15
Revenue Growth (YoY)	13.59%	25.99%	3.74%	5.10%	26.70%
Cost of Revenue	1,093	997.27	844.04	873.95	756.25
Gross Profit	208.67	148.65	65.48	2.78	77.91
Selling, General & Admin	52.2	49.17	47.53	28.07	26.81
Operating Expenses	70.97	67.95	66.4	46.11	42.63
Operating Income	137.7	80.7	-0.92	-43.33	35.28
Interest Expense	-39.88	-45.83	-34.13	-15.17	-15.88
Other Non Operating Income (Expenses)	-2.33	1.97	1.04	-2.07	0.08
EBT Excluding Unusual Items	95.5	36.85	-34	-60.58	19.48
Gain (Loss) on Sale of Investments	-	-7	-	-	-
Other Unusual Items	-	-	4.2	-	9.62
Pretax Income	95.5	29.85	-29.8	-60.58	29.1
Income Tax Expense	19.19	17.27	6.62	3.99	12.54
Earnings From Continuing Operations	76.31	12.58	-36.42	-64.57	16.56
Net Income	76.31	12.58	-36.42	-64.57	16.56
Net Income to Common	76.31	12.58	-36.42	-64.57	16.56
Net Income Growth	506.60%	-	-	-	-57.94%
Shares Outstanding (Basic)	95	95	93	91	89
Shares Outstanding (Diluted)	96	95	93	91	89
Shares Change (YoY)	1.04%	1.92%	2.11%	2.16%	2.44%
EPS (Basic)	0.80	0.13	-0.39	-0.71	0.19
EPS (Diluted)	0.80	0.13	-0.39	-0.71	0.18
EPS Growth	514.84%	-	-	-	-60.11%
Free Cash Flow	124.22	108.77	-29.84	20.67	51.82
Free Cash Flow Per Share	1.30	1.15	-0.32	0.23	0.58
Gross Margin	16.03%	12.97%	7.20%	0.32%	9.34%
Operating Margin	10.58%	7.04%	-0.10%	-4.94%	4.23%
Profit Margin	5.86%	1.10%	-4.00%	-7.36%	1.98%
Free Cash Flow Margin	9.54%	9.49%	-3.28%	2.36%	6.21%
EBITDA	280.49	222.93	114.93	78.79	156
EBITDA Margin	21.55%	19.45%	12.64%	8.99%	18.70%
D&A For EBITDA	142.78	142.23	115.85	122.13	120.72
EBIT	137.7	80.7	-0.92	-43.33	35.28
EBIT Margin	10.58%	7.04%	-0.10%	-4.94%	4.23%
Effective Tax Rate	20.09%	57.85%	-	-	43.10%

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q