Financial Snapshot

Revenue
$429.4M
TTM
Gross Margin
-18.29%
TTM
Net Earnings
-$83.86M
TTM
Current Assets
Q4 2023
Current Liabilities
Q4 2023
Current Ratio
101.55%
Q4 2023
Total Assets
Q4 2023
Total Liabilities
Q4 2023
Book Value
$821.5M
Q4 2023
Cash
Q4 2023
P/E
-10.06
Nov 29, 2024 EST
Free Cash Flow
$10.36M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.146B $909.5M $876.7M $834.1M $658.4M $485.6M $0.00
YoY Change 25.99% 3.74% 5.11% 26.69% 35.58%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.146B $909.5M $876.7M $834.1M $658.4M $485.6M $0.00
Cost Of Revenue $997.3M $844.0M $873.9M $678.7M $506.8M $353.4M
Gross Profit $148.7M $65.48M $2.781M $155.4M $151.6M $132.2M
Gross Profit Margin 12.97% 7.2% 0.32% 18.63% 23.03% 27.22%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $49.17M $47.53M $28.07M $71.00M $63.80M $56.70M
YoY Change 3.46% 69.32% -60.46% 11.29% 12.52%
% of Gross Profit 33.08% 72.59% 1009.39% 45.69% 42.08% 42.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $142.2M $115.8M $122.1M $120.8M $88.10M $59.70M
YoY Change 22.78% -5.14% 1.1% 37.12% 47.57%
% of Gross Profit 95.68% 176.92% 4391.41% 77.73% 58.11% 45.16%
Operating Expenses $49.17M $47.53M $28.07M $86.80M $79.80M $66.10M $4.200M
YoY Change 3.46% 69.32% -67.66% 8.77% 20.73% 1473.81%
Operating Profit $80.70M -$917.0K -$43.33M $68.60M $71.80M $66.10M
YoY Change -8900.76% -97.88% -163.17% -4.46% 8.62%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense $45.83M $34.13M $15.17M -$15.90M -$19.00M -$18.50M $1.300M
YoY Change 34.28% 124.9% -195.43% -16.32% 2.7% -1523.08%
% of Operating Profit 56.78% -23.18% -26.46% -27.99%
Other Income/Expense, Net -$4.131M $5.242M -$2.073M $9.100M -$400.0K $5.800M $0.00
YoY Change -178.81% -352.87% -122.78% -2375.0% -106.9%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income $29.85M -$29.80M -$60.58M $60.80M $52.40M $53.50M -$2.900M
YoY Change -200.15% -50.81% -199.64% 16.03% -2.06% -1944.83%
Income Tax $17.27M $6.619M $3.989M $10.70M $13.10M $11.80M
% Of Pretax Income 57.85% 17.6% 25.0% 22.06%
Net Earnings $12.58M -$36.42M -$64.57M $50.10M $39.40M $42.80M -$2.900M
YoY Change -134.54% -43.59% -228.88% 27.16% -7.94% -1575.86%
Net Earnings / Revenue 1.1% -4.0% -7.36% 6.01% 5.98% 8.81%
Basic Earnings Per Share $0.13 -$0.39 -$0.71 $0.19
Diluted Earnings Per Share $0.13 -$0.39 -$0.71 $562.9K $452.9K $492.5K -$101.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $67.82M $78.85M $205.8M $75.00M $73.20M $24.90M $700.0K
YoY Change -13.99% -61.68% 174.36% 2.46% 193.98% 3457.14%
Cash & Equivalents $67.82M $78.85M $205.8M $75.00M $73.20M $24.90M
Short-Term Investments $0.00
Other Short-Term Assets $68.42M $51.27M $53.58M $52.20M $62.00M $58.80M $100.0K
YoY Change 33.43% -4.31% 2.65% -15.81% 5.44% 58700.0%
Inventory $98.43M $110.5M $93.86M $94.30M $78.80M $58.20M
Prepaid Expenses
Receivables $267.3M $258.9M $238.9M $275.3M $175.1M $157.8M
Other Receivables $39.78M $38.27M $35.25M $18.40M $14.10M $0.00
Total Short-Term Assets $541.7M $537.8M $627.4M $515.2M $403.2M $299.6M $900.0K
YoY Change 0.73% -14.27% 21.77% 27.78% 34.58% 33188.89%
Property, Plant & Equipment $474.3M $491.0M $425.5M $437.7M $419.3M $328.7M
YoY Change -3.41% 15.4% -2.79% 4.39% 27.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $230.6M
YoY Change
Other Assets $52.33M $51.47M $11.71M $2.800M $2.400M $6.300M
YoY Change 1.67% 339.68% 318.11% 16.67% -61.9%
Total Long-Term Assets $1.256B $1.291B $1.204B $1.172B $1.119B $1.044B $230.5M
YoY Change -2.67% 7.19% 2.73% 4.71% 7.23% 352.8%
Total Assets $1.798B $1.828B $1.831B $1.687B $1.522B $1.343B $231.4M
YoY Change
Accounts Payable $351.2M $353.5M $314.6M $144.6M $65.70M $66.30M $3.500M
YoY Change -0.65% 12.39% 117.54% 120.09% -0.9% 1794.29%
Accrued Expenses $7.406M $6.263M $0.00 $73.80M $69.10M $39.00M
YoY Change 18.25% -100.0% 6.8% 77.18%
Deferred Revenue
YoY Change
Short-Term Debt $48.89M $89.89M $78.32M $42.40M $38.00M $31.80M $0.00
YoY Change -45.61% 14.77% 84.71% 11.58% 19.5%
Long-Term Debt Due $75.15M $55.62M $13.16M $69.80M $35.50M $45.10M
YoY Change 35.11% 322.81% -81.15% 96.62% -21.29%
Total Short-Term Liabilities $533.4M $544.1M $431.9M $359.4M $228.1M $223.1M $3.500M
YoY Change -1.95% 25.98% 20.16% 57.56% 2.24% 6274.29%
Long-Term Debt $335.7M $392.1M $511.0M $311.8M $343.7M $225.2M $0.00
YoY Change -14.38% -23.27% 63.88% -9.28% 52.62%
Other Long-Term Liabilities $107.1M $89.86M $58.53M $50.40M $37.90M $33.30M $9.000M
YoY Change 19.2% 53.51% 16.14% 32.98% 13.81% 270.0%
Total Long-Term Liabilities $442.8M $481.9M $569.5M $362.2M $381.6M $258.5M $9.000M
YoY Change -8.12% -15.38% 57.23% -5.08% 47.62% 2772.22%
Total Liabilities $976.2M $1.026B $1.010B $742.6M $635.9M $512.4M $12.50M
YoY Change -4.85% 1.56% 36.04% 16.78% 24.1% 3999.2%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 94.75M shares 92.96M shares 91.04M shares 88.85M shares
Diluted Shares Outstanding 94.75M shares 92.96M shares 91.04M shares 89.12M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $843.75 Million

About National Energy Services Reunited Corp.

National Energy Services Reunited Corp. is a holding company, which engages in the provision of oilfield services. The company is headquartered in Houston, Texas and currently employs 6,231 full-time employees. The company went IPO on 2017-05-17. The firm offers a range of production services, such as hydraulic fracturing, coiled tubing, stimulation, and pumping, cementing, nitrogen services, filtration services, pipelines and industrial services, production assurance, artificial lift services, and completions and integrated production management. The company also provides drilling and evaluation services, such as rigs and integrated services, fishing and downhole tools, thru-tubing intervention, tubular running services, directional drilling, drilling fluids, pressure control, well testing services, wireline logging services, and slickline services. The firm has significant operations throughout the MENA region including Saudi Arabia, Oman, Kuwait, United Arab Emirates, Algeria, Egypt, Libya, Iraq, and Qatar.

Industry: Oil & Gas Field Services, NEC Peers: Bristow Group Inc. HELIX ENERGY SOLUTIONS GROUP INC DMC Global Inc. Innovex International, Inc. OCEANEERING INTERNATIONAL INC SCHLUMBERGER LIMITED/NV Select Water Solutions, Inc. Solaris Energy Infrastructure, Inc. TETRA TECHNOLOGIES INC