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National Energy Services Reunited Corp. key statistics and ratios

In fiscal 2025, National Energy Services Reunited Corp. had return on equity of 5.5% and a net margin of 3.9%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

National Energy Services Reunited Corp.: financial ratios, annual
Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Net margin2.0%−7.4%−4.0%1.1%5.9%3.9%
Return on equity1.8%−7.3%−4.5%1.5%8.8%5.5%
Return on assets1.0%−3.7%−2.0%0.7%4.3%2.8%
Effective tax rate43.1%——57.9%20.1%15.3%
SG&A as % of revenue3.2%3.2%5.2%4.3%4.0%3.6%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 5 checks passed · June 30, 2026
What it owns · $2.1bn
Short-term assets $815mLonger-term assets $1.3bn
What it owes, and who funded it · $2.1bn
Short-term liabilities $802mLonger-term liabilities $253mShareholders' equity $1.0bn
  • Short-term assets cover short-term liabilities $815m of assets due within a year against $802m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $815m short-term assets against $253m of longer-dated liabilities.
  • More cash than debt $175m of cash against $224m of debt.
  • Debt below 40% of shareholders' equity Debt is 22% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 62% to 22% over five years.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From National Energy Services Reunited Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from National Energy Services Reunited Corp.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to National Energy Services Reunited Corp.