National Energy Services Reunited Corp
Research National Energy Services Reunited Corp (NESR) on Bullrun: valuation model: 50.4% overvalued, market cap USD 3.38B, P/E 52.3. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNESR
- ExchangeNASDAQ
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas Equipment & Services
- CurrencyUSD
- Valuation signal50.4% overvalued
- Market capUSD 3.38B
- P/E52.3
- Financial periodQ1 2026
- RevenueUSD 404.59M
- Net incomeUSD 23.83M
- Free cash flow-USD 5.26M
- Gross margin12.8%
Valuation Snapshot
Bullrun's latest valuation model marks National Energy Services Reunited Corp as 50.4% overvalued; latest market cap is USD 3.38B; P/E is 52.3.
Peer valuation comparison
Latest P/E is 52.35x versus a Energy sector median of 14.75x (254.9% above).
Latest P/E is 52.35x versus a United States median of 24.87x (110.5% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.32B | USD 51.13M | USD 120.79M | 12.4% | 0.52 | USD 124.80M | USD 255.88M | USD 967.92M |
| FY2024 | USD 1.30B | USD 76.31M | USD 124.22M | 16.0% | 0.8 | USD 107.96M | USD 323.12M | USD 908.23M |
| FY2023 | USD 1.15B | USD 12.58M | USD 108.77M | 13.0% | 0.13 | USD 67.82M | USD 403.31M | USD 821.49M |
| FY2022 | USD 909.52M | -USD 36.42M | -USD 29.84M | 7.2% | -0.39 | USD 78.85M | USD 445.22M | USD 802.35M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 3.38B | 52.3 | n/a | n/a |
| 2025 | 2025-12-31 | USD 1.58B | 30.1 | n/a | n/a |
| 2024 | 2024-12-31 | USD 860.57M | 11.2 | n/a | n/a |
About National Energy Services Reunited Corp
National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units;
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Frequently asked questions
Is National Energy Services Reunited Corp overvalued or undervalued?
Bullrun's valuation model currently marks National Energy Services Reunited Corp as 50.4% overvalued.
What is National Energy Services Reunited Corp's market cap?
National Energy Services Reunited Corp's market capitalization is USD 3.38B.
What is National Energy Services Reunited Corp's P/E ratio?
National Energy Services Reunited Corp's price-to-earnings (P/E) ratio is 52.3.
What does National Energy Services Reunited Corp do?
National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing,.