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Nine Energy Service, Inc. key statistics and ratios

In fiscal 2025, Nine Energy Service, Inc. had a net margin of -9.1%. 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.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Net margin−25.1%−12.4%−6.4%−26.1%−121.9%−18.5%2.4%−5.3%−7.4%−9.1%
Return on equity−24.6%−23.5%−12.0%−44.2%−184.7%—————
Return on assets—−11.7%−6.2%−21.9%−58.6%−15.7%3.6%−7.8%−10.8%−14.7%
Effective tax rate——————3.7%———

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

2 of 4 checks passed · June 30, 2026
What it owns · $318m
Short-term assets $171mLonger-term assets $146m
What it owes, and who funded it · $318m
Short-term liabilities $73mLonger-term liabilities $115mShareholders' equity $130m
  • Short-term assets cover short-term liabilities $171m of assets due within a year against $73m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $171m short-term assets against $115m of longer-dated liabilities.
  • More cash than debt $17m of cash against $99m of debt.
  • Debt below 40% of shareholders' equity Debt is 76% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • 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 Nine Energy Service, Inc.'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

29 /100

Weak moat

How hard Nine Energy Service's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -11.7% of total assets over 9 years.

  • Durability 10 / 20

    Operating margin has been a median -3.4%; its worst year was -123.3%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 9 years, at a median -2.0% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 37.6% over five years; stock-based pay has been a median 1.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

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

Compare with peers

Head to head: NINE vs RNGRBOOM vs NINECLB vs NINE

More: Oil & Gas Equipment & Services stocks compared, Energy sector, rankings of US companies

Figures from Nine Energy Service, Inc.'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 Nine Energy Service, Inc.