Stocktoria
National Energy Services Reunited Corp. NESR
Nasdaq · XNAS · stock · Oil & Gas Field Services, NEC · website · IPO 2017-05-17
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4/9
Piotroski F — financial health
1.71
Altman Z″ — distress risk · grey
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $1.3B | $1.3B | $1.1B | $909.5M | $876.7M |
| Gross profit | $164.7M | $208.7M | $148.7M | $65.5M | $2.8M |
| Operating income | $98.3M | $137.7M | $80.7M | -$917,000 | -$43.3M |
| Net income | $51.1M | $76.3M | $12.6M | -$36.4M | -$64.6M |
| Operating cash flow | $264.2M | $229.3M | $177.0M | $92.6M | $127.7M |
| Total assets | $1.9B | $1.8B | $1.8B | $1.8B | $1.8B |
| Total liabilities | $883.6M | $865.4M | $976.2M | $1.0B | $1.0B |
| Shareholders' equity | $967.9M | $908.2M | $821.5M | $802.3M | $821.0M |
| Ratios | |||||
| Gross margin | 12.4% | 16.0% | 13.0% | 7.2% | 0.3% |
| Operating margin | 7.4% | 10.6% | 7.0% | -0.1% | -4.9% |
| Net margin | 3.9% | 5.9% | 1.1% | -4.0% | -7.4% |
| Return on assets | 2.8% | 4.3% | 0.7% | -2.0% | -3.5% |
| Return on equity | 5.3% | 8.4% | 1.5% | -4.5% | -7.9% |
| Debt / equity | 0.26× | 0.28× | 0.40× | 0.49× | 0.62× |
| Current ratio | 1.04 | 1.07 | 1.02 | 0.99 | 1.45 |
| Revenue growth | 1.7% | 13.6% | 26.0% | 3.7% | 5.1% |
Why these scores methodology →
Piotroski F-score: 4/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: 1.71 (grey)
- Working capital / assets 0.014
- Retained earnings / assets 0.035
- EBIT / assets 0.053
- Equity / liabilities 1.095
Sector peers
PBR · VALE · SLB · FCX · NEM · EOG · all Mining & Extraction →
Source: SEC EDGAR filings · CIK 0001698514 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.