National Energy Services Reunited vs North American Construction Group
National Energy Services Reunited is the larger business, with $1.32bn of revenue in fiscal 2025 against $919m for North American Construction Group (1.4 times as much). North American Construction Group grew faster (8.0% against 1.7%). National Energy Services Reunited kept more of each dollar of sales as profit: a net margin of 3.9% against 2.6%.
| Latest fiscal year | National Energy Services ReunitedNESR, 2025 | North American Construction GroupNOA, 2025 |
|---|---|---|
| Revenue | $1.32bn | $919m |
| Revenue growth | 1.7% | 8.0% |
| Net income | $51.1m | $24.2m |
| Operating margin | — | 8.5% |
| Net margin | 3.9% | 2.6% |
| Return on equity | 5.5% | 8.0% |
| Free cash flow | $121m | −$12.2m |
| Cash | $125m | $73.0m |
| Total debt | $310m | $664m |
| Debt to equity | — | 199.4% |
| Dividend per share | — | — |
| Dividend yield | — | 2.8% |
| Share buybacks | — | $27.5m |
| Employees | — | — |
| Market value | $1.93bn | $343m |
| Price vs our value range | — | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 17 sales | 0 buys, 0 sales |