📊 NESR Key Takeaways
Is National Energy Services Reunited Corp. (NESR) a Good Investment?
NESR displays deteriorating fundamentals with negative free cash flow (-$5.3M) despite positive operating cash flow, indicating excessive capital spending relative to earnings generation. Minimal revenue growth (1.7%), flat net income, and sharp EPS decline (-35%) coupled with poor returns (2.4% ROE, 1.2% ROA) suggest the company struggles to efficiently deploy capital in a competitive market.
NESR shows modest revenue growth and solid free-cash-flow generation with manageable leverage, but profitability remains thin and liquidity is tight. Flat net income and a sharply lower EPS signal execution/dilution risks; clearer margin expansion and improved working capital are needed for a more constructive stance.
National Energy Services Reunited Corp. Key Strengths (NESR)
- Positive operating cash flow of $30.7M demonstrates baseline business viability
- Moderate debt-to-equity ratio of 0.24x and interest coverage of 5.5x provide reasonable financial safety
- Positive net income of $23.8M indicates underlying profitable operations
- Positive free cash flow with a 9.1% margin
- Moderate leverage (0.27x D/E) and 3.0x interest cover
- Stable top-line growth (+1.7% YoY)
NESR Stock Risks: National Energy Services Reunited Corp. Investment Risks
- Negative free cash flow of -$5.3M is unsustainable without material operational improvement or capex reduction
- Stalled growth (1.7% revenue, 0% net income) paired with 35% EPS decline and weak liquidity (1.04x current ratio) signal deteriorating shareholder value
- Exceptionally poor capital returns (2.4% ROE, 1.2% ROA) with thin margins (12.8% gross, 8.9% operating) indicate uncompetitive positioning in the commodity-dependent oil & gas services sector
- Tight liquidity (current 1.04x, quick 0.89x)
- Thin margins and low returns (net 3.9%, ROE 5.3%)
- EPS down 35% YoY with flat net income
Key Metrics to Watch
- Free cash flow trajectory—requires capex normalization or margin expansion to achieve positive FCF
- Revenue growth acceleration and gross margin stabilization in commodity-dependent market
- Return on equity improvement and evidence of more disciplined capital allocation
- Operating margin
- Quick ratio
National Energy Services Reunited Corp. (NESR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
National Energy Services Reunited Corp. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
NESR Profit Margin, ROE & Profitability Analysis
NESR vs Energy Sector: How National Energy Services Reunited Corp. Compares
How National Energy Services Reunited Corp. compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is National Energy Services Reunited Corp. Stock Overvalued? NESR Valuation Analysis 2026
Based on fundamental analysis, National Energy Services Reunited Corp. has mixed fundamental signals relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
National Energy Services Reunited Corp. Balance Sheet: NESR Debt, Cash & Liquidity
NESR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: National Energy Services Reunited Corp.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $0.13 reflects profitable operations.
NESR Revenue Growth, EPS Growth & YoY Performance
NESR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $303.1M | $10.4M | $0.11 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
National Energy Services Reunited Corp. Dividends, Buybacks & Capital Allocation
NESR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for National Energy Services Reunited Corp. (CIK: 0001698514)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NESR
What is the AI rating for NESR?
National Energy Services Reunited Corp. (NESR) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 71% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are NESR's key strengths?
Claude: Positive operating cash flow of $30.7M demonstrates baseline business viability. Moderate debt-to-equity ratio of 0.24x and interest coverage of 5.5x provide reasonable financial safety. ChatGPT: Positive free cash flow with a 9.1% margin. Moderate leverage (0.27x D/E) and 3.0x interest cover.
What are the risks of investing in NESR?
Claude: Negative free cash flow of -$5.3M is unsustainable without material operational improvement or capex reduction. Stalled growth (1.7% revenue, 0% net income) paired with 35% EPS decline and weak liquidity (1.04x current ratio) signal deteriorating shareholder value. ChatGPT: Tight liquidity (current 1.04x, quick 0.89x). Thin margins and low returns (net 3.9%, ROE 5.3%).
What is NESR's revenue and growth?
National Energy Services Reunited Corp. reported revenue of $404.6M.
Does NESR pay dividends?
National Energy Services Reunited Corp. does not currently pay dividends.
Where can I find NESR SEC filings?
Official SEC filings for National Energy Services Reunited Corp. (CIK: 0001698514) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NESR's EPS?
National Energy Services Reunited Corp. has a diluted EPS of $0.23.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is NESR's fundamental grade?
Based on our AI fundamental analysis in May 2026, National Energy Services Reunited Corp. has a C grade with 71% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is NESR stock overvalued or undervalued?
Valuation metrics for NESR: ROE of 2.4% (sector avg: 14%), net margin of 5.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is NESR's AI grade for 2026?
Our dual AI analysis gives National Energy Services Reunited Corp. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NESR's free cash flow?
National Energy Services Reunited Corp.'s operating cash flow is $30.7M, with capital expenditures of $36.0M. FCF margin is -1.3%.
How does NESR compare to other Energy stocks?
Vs Energy sector averages: Net margin 5.9% (avg: 12%), ROE 2.4% (avg: 14%), current ratio 1.04 (avg: 1.3).