National Energy Services Reunited Corp. (NESR)

NESR Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	1,146	909.52	876.73	834.15	658.39
Revenue Growth (YoY)	25.99%	3.74%	5.10%	26.70%	-
Cost of Revenue	1,016	862.9	891.99	772.06	522.73
Gross Profit	129.88	46.61	-15.26	62.09	135.65
Selling, General & Admin	49.17	47.53	28.07	26.81	63.84
Other Operating Expenses	-5.03	5.24	-2.07	9.14	-0.41
Operating Expenses	49.17	47.53	28.07	26.81	63.84
Operating Income	80.7	-0.92	-43.33	35.28	71.81
Interest Expense	45.83	34.13	15.17	15.88	18.97
Other Expense / Income	5.03	-5.24	2.07	-9.7	0.41
Pretax Income	29.85	-29.8	-60.58	29.1	52.44
Income Tax	17.27	6.62	3.99	12.54	13.07
Net Income	12.58	-36.42	-64.57	16.56	39.36
Net Income Growth	-	-	-	-57.94%	-
Shares Outstanding (Basic)	-	-	91	89	87
Shares Outstanding (Diluted)	-	-	91	89	87
Shares Change	-	-	2.16%	2.44%	-
EPS (Basic)	-	-	-0.71	0.19	0.45
EPS (Diluted)	-	-	-0.71	0.18	0.45
EPS Growth	-	-	-	-60.00%	-
Free Cash Flow	108.77	-29.84	20.67	51.82	-18.85
Free Cash Flow Per Share	-	-	0.23	0.58	-0.22
Gross Margin	11.33%	5.13%	-1.74%	7.44%	20.60%
Operating Margin	7.04%	-0.10%	-4.94%	4.23%	10.91%
Profit Margin	1.10%	-4.00%	-7.36%	1.98%	5.98%
Free Cash Flow Margin	9.49%	-3.28%	2.36%	6.21%	-2.86%
Effective Tax Rate	57.85%	-	-	43.10%	24.93%
EBITDA	217.9	120.17	76.72	165.14	159.52
EBITDA Margin	19.02%	13.21%	8.75%	19.80%	24.23%
Depreciation & Amortization	142.23	115.85	122.13	120.72	88.11
EBIT	75.67	4.33	-45.41	44.42	71.41
EBIT Margin	6.60%	0.48%	-5.18%	5.32%	10.85%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.