National Energy Services Reunited Corp.
NESRNasdaqEnergy · Oil & Gas Field Services, NEC · D8 · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY17 | |
|---|---|---|---|---|
| Revenue | $1.32B | $1.30B | $1.15B | — |
| Operating income | $98.3M | $137.7M | $80.7M | −$4.2M |
| Net income | $51.1M | $76.3M | $12.6M | −$2.9M |
| Total assets | $1.85B | $1.77B | — | $231.4M |
| Total liabilities | $883.6M | $865.4M | — | $12.5M |
| Equity | $967.9M | $908.2M | $821.5M | $54.6M |
| EPS (diluted) | $0.52 | $0.80 | $0.13 | — |
| Shares out. | 100.8M | 96.0M | 94.7M | 11.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 7.4%
- Net margin
- 3.9%
- Return on equity
- 5.3%
- Return on assets
- 2.8%
- Return on capital (ROCE)
- 7.9%
- Liabilities / assets
- 47.7%
- Debt / equity
- 0.91×
- Book value / share
- $9.60
- Revenue growth (YoY)
- 1.7%
- Net income growth (YoY)
- −33.0%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 1.71grey zone
- Accruals / assets
- −11.5%clean
- Beneish M-Score
- -2.60normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Altman Z″ in the grey zone
- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 20-Fmissed a reporting deadline ↗May 3, 2022
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Encompass Capital Advisors LlcPassive (13G)May 15, 2026
- Fmr LlcPassive (13G)May 7, 2026
- Mubbadrah Investment LlcActivist (13D)Feb 17, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3.9M | 2.1 | -6.6% |
| Apr 30, 2026 | 4.1M | 2.5 | +6.0% |
| Apr 15, 2026 | 3.9M | 2.0 | +2.1% |
| Mar 31, 2026 | 3.8M | 1.6 | -7.0% |
| Mar 13, 2026 | 4.1M | 1.4 | +89.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Regulation FD disclosureMay 14, 2026
- Results of operations · Regulation FD disclosureMay 11, 2026
- Shareholder voteMay 7, 2026
- Results of operations · Regulation FD disclosureFeb 17, 2026
- Amended charter or bylawsJun 28, 2018
- Director / officer changeJun 22, 2018
- Entered a material agreement · Completed an acquisition or disposition · New financial obligation · Unregistered equity sale · Change in control · Director / officer change · Item 5.06 · Other material eventJun 12, 2018
- Entered a material agreement · New financial obligation · Unregistered equity saleJun 12, 2018
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.