National Energy Services Reunited Corp. · Oil & Gas Field Services, NEC

NESR

Low riskNext report: Around Nov 5 (est.)

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The short version

A profitable company with growing sales.

Going well

Sales up 59% in the latest quarter vs a year ago
Profitable
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$20.28-0.9% that day

Company value: $2.0B; Share price times all shares
Price vs profit (P/E): 22.0x; You pay about $22 for each $1 of yearly profit
Price vs sales: 1.3x; Company value is 1.3 times a year of sales
Cash vs value: 9%; Cash as a share of company value
Debt vs value: 13%; Debt as a share of company value

From NESR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$520.8M+59% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.6B, up 24% from the 12 months before. Over 5 years, sales grew about 9.7% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of NESR. Starting points are the company's recent numbers.

Sales growth+24% a yearRecently: +24% a yearProfit margin6%Last 12 months: 5.8%P/E at the end22xToday: 22.0x. Many steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$4.7B

Profit in 5 years$285M

Price these guesses point to$56.26+177% vs $20.28 todayAbout +23% a year, before dividends

What today's price needs: with a 6% margin and a 22x P/E, sales would have to grow about 1.1% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/7Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.5.5%
PassDebt under half of equityNot relying on borrowed money.0.26x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.9%
MissProfitable every yearSteady profits, not one good year.7 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$264.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+6.6% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.12.4%

Revenue: $1.3B; +1.7% vs prior year
5-year growth: +9.7%/yr; revenue, per year
Total debt: $255.9M; 0.26x equity
Current ratio: 1.04x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.