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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,310	1,302	1,146	909.52	876.73	834.15
Revenue Growth (YoY)	6.58%	13.59%	25.99%	3.74%	5.10%	26.70%
Cost of Revenue	1,116	1,093	997.27	844.04	873.95	756.25
Gross Profit	193.93	208.67	148.65	65.48	2.78	77.91
Selling, General & Admin	48.1	52.2	49.17	47.53	28.07	26.81
Operating Expenses	66.87	70.97	67.95	66.4	46.11	42.63
Operating Income	127.06	137.7	80.7	-0.92	-43.33	35.28
Interest Expense	-36.68	-39.88	-45.83	-34.13	-15.17	-15.88
Other Non Operating Income (Expenses)	2.57	1.38	1.97	5.24	-2.07	0.08
EBT Excluding Unusual Items	92.95	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	89.25	95.5	29.85	-29.8	-60.58	29.1
Income Tax Expense	16.2	19.19	17.27	6.62	3.99	12.54
Earnings From Continuing Operations	73.05	76.31	12.58	-36.42	-64.57	16.56
Net Income	73.05	76.31	12.58	-36.42	-64.57	16.56
Net Income to Common	73.05	76.31	12.58	-36.42	-64.57	16.56
Net Income Growth	59.33%	506.60%	-	-	-	-57.94%
Shares Outstanding (Basic)	96	95	95	93	91	89
Shares Outstanding (Diluted)	97	96	95	93	91	89
Shares Change (YoY)	1.41%	1.04%	1.92%	2.11%	2.16%	2.44%
EPS (Basic)	0.76	0.80	0.13	-0.39	-0.71	0.19
EPS (Diluted)	0.76	0.80	0.13	-0.39	-0.71	0.18
EPS Growth	58.00%	514.84%	-	-	-	-60.11%
Free Cash Flow	123.75	124.22	108.77	-29.84	20.67	51.82
Free Cash Flow Per Share	1.28	1.30	1.15	-0.32	0.23	0.58
Gross Margin	14.80%	16.03%	12.97%	7.20%	0.32%	9.34%
Operating Margin	9.70%	10.58%	7.04%	-0.10%	-4.94%	4.23%
Profit Margin	5.58%	5.86%	1.10%	-4.00%	-7.36%	1.98%
Free Cash Flow Margin	9.44%	9.54%	9.49%	-3.28%	2.36%	6.21%
EBITDA	272.94	280.49	222.93	114.93	78.79	156
EBITDA Margin	20.83%	21.55%	19.45%	12.64%	8.99%	18.70%
D&A For EBITDA	145.88	142.78	142.23	115.85	122.13	120.72
EBIT	127.06	137.7	80.7	-0.92	-43.33	35.28
EBIT Margin	9.70%	10.58%	7.04%	-0.10%	-4.94%	4.23%
Effective Tax Rate	18.15%	20.09%	57.85%	-	-	43.10%

Updated Aug 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q