NESRNational Energy Services Reunited Corp.
Oil & Gas Field Services, NEC
- Revenue
- $1.3B
- 1.7% YoY
- Operating margin
- 7.4%
- 30% YoY
- EBITDA
- $240M
- 14% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.2×
- $49M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear517% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear31% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $877M | $910M | $1.1B | $1.3B | $1.3B | 1.7% |
| Operating income | −$43M | −$917K | $81M | $138M | $98M | 29% |
| Net income | −$65M | −$36M | $13M | $76M | $51M | 33% |
| Operating cash flow | $128M | $93M | $177M | $229M | $264M | 15% |
| Capex | $107M | $122M | $68M | $105M | $143M | 36% |
| Stock-based comp | $10M | $9M | $7M | $6M | $8M | 38% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 1
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.