NESR - National Energy Services Reunited Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$35.33
DETAILS
HIGH:
$36.00
LOW:
$35.00
MEDIAN:
$35.00
CONSENSUS:
$35.33
UPSIDE:
2.44%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 1,324.0 | 1,301.7 | 1,145.9 | 909.5 | 876.7 | 834.2 | 658.4 | 271.3 | 0 |
| Cost of Revenue | 1,178.1 | 1,093.0 | 1,016.0 | 862.9 | 892.0 | 772.1 | 522.7 | 200.1 | 0 |
| Gross Profit | 146.0 | 208.7 | 129.9 | 46.6 | (15.3) | 62.1 | 135.7 | 71.2 | 0 |
| Operating Expenses | |||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 47.6 | 52.2 | 49.2 | 47.5 | 28.1 | 26.8 | 63.8 | 30.3 | 0 |
| Other Expenses | 0 | 18.8 | 0 | 0 | 0 | 0 | 0 | (0.6) | 0 |
| Operating Expenses | 47.6 | 71.0 | 49.2 | 47.5 | 28.1 | 26.8 | 63.8 | 30.9 | 0 |
| Operating Income | |||||||||
| Operating Income | 98.3 | 137.7 | 80.7 | (0.9) | (43.3) | 35.3 | 71.8 | 39.7 | 0 |
| Interest Expense | 32.5 | 39.9 | 45.8 | 34.1 | 15.2 | 15.9 | 19.0 | 6.7 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||
| EBITDA | 234.6 | 278.2 | 217.9 | 120.2 | 76.7 | 165.7 | 159.5 | 78.1 | 0 |
| EBIT | 92.9 | 135.4 | 75.7 | 4.3 | (45.4) | 45.0 | 71.4 | 39.7 | 0 |
| Income Before Tax | 60.4 | 95.5 | 29.8 | (29.8) | (60.6) | 29.1 | 52.4 | 32.9 | 0 |
| Income Tax Expense | 9.3 | 19.2 | 17.3 | 6.6 | 4.0 | 12.5 | 13.1 | 4.6 | 0 |
| Net Income | 51.1 | 76.3 | 12.6 | (36.4) | (64.6) | 16.6 | 39.4 | 30.6 | 0 |
| Per Share Data | |||||||||
| EPS (Basic) | 0.52 | 0.80 | 0.13 | -0.39 | -0.71 | 0.19 | 0.45 | 0.71 | 0.29 |
| EPS (Diluted) | 0.52 | 0.80 | 0.13 | -0.39 | -0.71 | 0.18 | 0.45 | 0.71 | 0.29 |
| Shares Outstanding | 98.4 | 95.4 | 94.7 | 93.0 | 91.0 | 88.8 | 87.0 | 42.9 | 28.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 124.8 | 108.0 | 67.8 | 78.9 | 205.8 | 75.0 | 73.2 | 19.9 | 0.7 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 386.8 | 318.5 | 355.5 | 331.4 | 315.3 | 293.7 | 189.2 | 196.7 | 0 |
| Inventory | 94.8 | 96.8 | 98.4 | 110.5 | 93.9 | 94.3 | 78.8 | 60.6 | 0 |
| Other Current Assets | 10.7 | 7.1 | 10.8 | 16.7 | 6.4 | 40.7 | 52.4 | 30.6 | 0 |
| Total Current Assets | 630.4 | 540.5 | 541.7 | 537.8 | 627.4 | 515.2 | 403.2 | 314.8 | 0.9 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 485.8 | 464.2 | 474.3 | 491.0 | 425.5 | 437.7 | 419.3 | 336.5 | 0 |
| Goodwill | 645.1 | 645.1 | 645.1 | 645.1 | 645.1 | 620.9 | 574.8 | 570.5 | 0 |
| Intangible Assets | 47.1 | 65.7 | 84.3 | 102.9 | 121.6 | 110.4 | 122.7 | 134.2 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 43.2 | 58.2 | 52.3 | 51.5 | 11.7 | 2.8 | 2.4 | 4.2 | 230.6 |
| Total Non-Current Assets | 1,221.1 | 1,233.2 | 1,256.0 | 1,290.5 | 1,203.9 | 1,176.0 | 1,122.9 | 1,045.4 | 230.6 |
| Total Assets | 1,851.5 | 1,773.7 | 1,797.7 | 1,828.3 | 1,831.3 | 1,691.2 | 1,526.1 | 1,360.2 | 231.4 |
| Current Liabilities | |||||||||
| Account Payables | 421.1 | 305.3 | 351.2 | 353.5 | 314.6 | 144.6 | 65.7 | 81.3 | 3.5 |
| Short-Term Debt | 121.7 | 128.5 | 120.6 | 143.2 | 87.1 | 89.9 | 53.0 | 70.1 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 14.9 | 12.4 | 0 | 0 | 59.1 | 0.0 |
| Other Current Liabilities | 37.1 | 29.1 | 31.1 | 11.3 | 5.4 | 115.5 | 101.9 | 18.3 | 0 |
| Total Current Liabilities | 604.9 | 503.5 | 533.4 | 544.1 | 431.9 | 359.4 | 228.1 | 229.0 | 3.5 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 209.8 | 254.4 | 331.6 | 391.9 | 508.8 | 308.6 | 330.6 | 213.7 | 0 |
| Deferred Tax Liabilities | 1.7 | 5.6 | 0 | 0 | 8.9 | 25.2 | 29.9 | 29.8 | 0 |
| Other Non-Current Liabilities | 48.7 | 81.1 | 86.1 | 65.0 | 37.2 | 53.6 | 51.0 | 32.4 | 9.0 |
| Total Non-Current Liabilities | 278.7 | 361.9 | 442.8 | 481.9 | 578.4 | 387.4 | 411.5 | 275.8 | 9.0 |
| Total Liabilities | 883.6 | 865.4 | 976.2 | 1,026.0 | 1,010.3 | 746.8 | 639.6 | 504.8 | 12.5 |
| Stockholders' Equity | |||||||||
| Common Stock | 902.8 | 894.3 | 883.9 | 877.3 | 856.8 | 826.6 | 801.5 | 801.5 | 221.8 |
| Retained Earnings | 65.0 | 13.9 | (62.4) | (75.0) | (35.8) | 117.7 | 67.7 | 41.5 | (2.9) |
| Accumulated Other Comprehensive Income | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0 |
| Total Stockholders' Equity | 967.9 | 908.2 | 821.5 | 802.3 | 821.0 | 944.4 | 886.5 | 855.4 | 218.9 |
| Total Liabilities & Equity | 1,851.5 | 1,773.7 | 1,797.7 | 1,828.3 | 1,831.3 | 1,691.2 | 1,526.1 | 1,360.2 | 231.4 |
| Debt Metrics | |||||||||
| Total Debt | 350.0 | 409.1 | 484.7 | 566.4 | 595.8 | 398.5 | 383.5 | 283.8 | 0 |
| Net Debt | 225.2 | 301.2 | 416.9 | 487.6 | 390.1 | 323.5 | 310.3 | 263.9 | (0.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 51.1 | 76.3 | 12.6 | (36.4) | (64.6) | 16.6 | 39.4 | 28.4 |
| Depreciation & Amortization | 141.7 | 142.8 | 142.2 | 115.8 | 122.1 | 120.7 | 88.1 | 38.4 |
| Stock-Based Compensation | 0 | 6.0 | 6.8 | 9.3 | 9.8 | 7.8 | 5.7 | 0.1 |
| Change in Working Capital | 48.2 | (9.2) | 7.7 | 1.2 | 62.8 | (2.9) | (42.8) | 7.9 |
| Other Non-Cash Items | 28.3 | 16.1 | 11.4 | 12.9 | 9.8 | (4.6) | 2.7 | 7.9 |
| Operating Cash Flow | 264.2 | 229.3 | 177.0 | 92.6 | 127.7 | 134.5 | 89.1 | 83.2 |
| Investing Activities | ||||||||
| Capital Expenditure | (143.5) | (105.1) | (68.2) | (122.4) | (107.1) | (82.6) | (107.9) | (48.7) |
| Acquisitions | 4.9 | 0 | 0 | 0 | (51.9) | (13.2) | 0 | (0.6) |
| Purchases of Investments | 0 | 0 | (16.0) | (17.4) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (13.7) | (6.0) | 0.8 | (6.9) | (5.5) | (0.6) | 0.6 | (51.4) |
| Investing Cash Flow | (152.2) | (111.1) | (83.5) | (146.7) | (164.5) | (96.4) | (107.3) | (52.0) |
| Financing Activities | ||||||||
| Net Debt Issuance | (78.3) | (74.1) | (88.8) | (58.4) | 190.9 | (32.4) | 72.3 | (7.9) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (20) |
| Other Financing Activities | (9.0) | (3.9) | (15.8) | (14.4) | (23.4) | (3.8) | (5.7) | (4.3) |
| Financing Cash Flow | (87.3) | (78.1) | (104.5) | (72.8) | 167.5 | (36.2) | 66.6 | (32.1) |
| Cash Position | ||||||||
| Net Change in Cash | 16.8 | 40.1 | (11.0) | (126.9) | 130.8 | 1.8 | 48.3 | (1.0) |
| Cash at Beginning | 108.0 | 67.8 | 78.9 | 205.8 | 75.0 | 73.2 | 24.9 | 25.5 |
| Cash at End | 124.8 | 108.0 | 67.8 | 78.9 | 205.8 | 75.0 | 73.2 | 24.5 |
| Free Cash Flow | 120.8 | 124.2 | 108.8 | (29.8) | 20.7 | 51.8 | (18.8) | 34.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 1,324.0 | 1,301.7 | 1,145.9 | 909.5 | 876.7 | 834.2 | 658.4 | 271.3 | 0 |
| Gross Profit | 146.0 | 208.7 | 129.9 | 46.6 | (15.3) | 62.1 | 135.7 | 71.2 | 0 |
| Operating Income | 98.3 | 137.7 | 80.7 | (0.9) | (43.3) | 35.3 | 71.8 | 39.7 | 0 |
| Net Income | 51.1 | 76.3 | 12.6 | (36.4) | (64.6) | 16.6 | 39.4 | 30.6 | 0 |
| EPS (Diluted) | 0.52 | 0.80 | 0.13 | -0.39 | -0.71 | 0.18 | 0.45 | 0.71 | 0.29 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 124.8 | 108.0 | 67.8 | 78.9 | 205.8 | 75.0 | 73.2 | 19.9 | 0.7 |
| Total Assets | 1,851.5 | 1,773.7 | 1,797.7 | 1,828.3 | 1,831.3 | 1,691.2 | 1,526.1 | 1,360.2 | 231.4 |
| Total Debt | 350.0 | 409.1 | 484.7 | 566.4 | 595.8 | 398.5 | 383.5 | 283.8 | 0 |
| Stockholders' Equity | 967.9 | 908.2 | 821.5 | 802.3 | 821.0 | 944.4 | 886.5 | 855.4 | 218.9 |
| Cash Flow | |||||||||
| Operating Cash Flow | 264.2 | 229.3 | 177.0 | 92.6 | 127.7 | 134.5 | 89.1 | 83.2 | |
| Capital Expenditure | (143.5) | (105.1) | (68.2) | (122.4) | (107.1) | (82.6) | (107.9) | (48.7) | |
| Free Cash Flow | 120.8 | 124.2 | 108.8 | (29.8) | 20.7 | 51.8 | (18.8) | 34.5 | |