What Are National Energy Services Reunited Corp's Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $1.3 billion | $1.3 billion | $1.1 billion | $910 million |
| Operating income | $98 million | $138 million | $81 million | -$917,000 |
| Operating margin | 7.4% | 10.6% | 7.0% | -0.1% |
| Net income | $51 million | $76 million | $13 million | -$36 million |
| Net margin | 3.9% | 5.9% | 1.1% | -4.0% |
| Operating cash flow | $264 million | $229 million | $177 million | $93 million |
| Capital expenditures | $143 million | $105 million | $68 million | $122 million |
| Free cash flow | $121 million | $124 million | $109 million | -$30 million |
Operating margin narrowed by 3.2 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $121 million against net income of $51 million; cash generation covered reported earnings.
What Does National Energy Services Reunited Corp's Balance Sheet Show?
| Cash and cash equivalents | $125 million |
|---|---|
| Long-term debt | $191 million |
| Total assets | $1.9 billion |
| Total liabilities | $884 million |
| Shareholders' equity | $968 million |
| Current ratio | 1.0x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value National Energy Services Reunited Corp reported in its own SEC filings, read from the SEC's XBRL data (accession 0001493152-26-009139 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was National Energy Services Reunited Corp's revenue in fiscal 2025?
National Energy Services Reunited Corp reported revenue of $1.3 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is National Energy Services Reunited Corp's operating margin?
National Energy Services Reunited Corp's operating margin was 7.4% in fiscal 2025: operating income of $98 million on revenue of $1.3 billion.
How much free cash flow did National Energy Services Reunited Corp generate?
Operating cash flow of $264 million less capital expenditures of $143 million gives free cash flow of $121 million for fiscal 2025.