The Tip Desk

National Energy Services Reunited Corp.

Company Stats

Market Cap
$2.6B
as of Sep 30, 2026
Shares Outstanding
100.9M
Free Float
24.0%

Income Statement

Revenue
$1.3B
Operating Income
$98.3M
Net Income
$51.1M
EBITDA
$240.0M
Non-cash Impairment
$1.5M
FCF Margin, 3Y Avg
9.4%
FCF Margin, Worst Year
9.1%

Cash Flow

Free Cash Flow
$120.8M
FCF Yield
4.7%
Owner FCF Yield
4.4%

Balance Sheet

Cash & Equivalents
$124.8M

Returns & Capital

SBC, 3Y Avg
$7.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.3B$120.8M9.1%
FY2024$1.3B$124.2M9.5%
FY2023$1.1B$108.8M9.5%

Annual filing data through FY ended December 31, 2025; shares and float as of October 13, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage