NESR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 11.20 | 46.92 | -17.79 | -13.31 |
| Price to Sales | 0.66 | 0.50 | 0.71 | 0.98 |
| Book Value Per Common Share | 9.46 | 8.65 | 8.53 | 8.99 |
| Price to Book | 0.95 | 0.71 | 0.81 | 1.05 |
| Price to Operating Cash Flow | 3.73 | 3.27 | 6.97 | 6.74 |
| Price to Free Cash Flow | 6.89 | 5.31 | -21.62 | 41.63 |
| Enterprise Value to EBITDA | 30938.73 | 26595.43 | 54297.85 | 112539.45 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 57.00 | 37.63 | 66.91 | 32.00 | 42.95 |
| Price to Sales | 3.49 | 1.77 | 2.33 | 2.50 | 2.68 |
| Book Value Per Common Share | 9.49 | 9.71 | 9.55 | 9.46 | 9.15 |
| Price to Book | 1.08 | 0.62 | 0.77 | 0.95 | 1.03 |
| Price to Operating Cash Flow | 154.05 | 5.89 | 34.54 | 18.59 | 12.74 |
| Price to Free Cash Flow | -30.22 | 8.44 | -73.38 | 40.54 | 20.76 |
| Enterprise Value to EBITDA | 188230.84 | 90860.55 | 122200.24 | 108026.13 | 128493.01 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 515.38 | |||
| Revenue YoY | 13.60 | 25.99 | 3.74 | |
| EBITDA YoY | 27.66 | 81.33 | 56.63 | |
| Net Profit YoY | 506.60 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 12.50 | 45.45 | -60.71 | 27.27 | |
| Revenue YoY | -9.79 | 8.01 | -11.81 | 2.22 | |
| EBITDA YoY | -14.04 | 10.12 | -27.15 | 13.49 | |
| Net Profit YoY | 16.68 | 46.29 | -61.28 | 30.16 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 1.13 | 0.72 | 0.85 | 2.26 |
| Quick Ratio | 0.85 | 0.79 | 0.75 | 1.21 |
| Current Ratio | 1.07 | 1.02 | 0.99 | 1.45 |
| Debt to Equity | 0.95 | 1.19 | 1.28 | 1.23 |
| Long-Term Debt to Equity | 0.40 | 0.54 | 0.60 | 0.70 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.69 | 1.37 | 0.82 | 1.13 | 1.24 |
| Quick Ratio | 0.87 | 0.89 | 0.87 | 0.85 | 0.86 |
| Current Ratio | 1.10 | 1.11 | 1.10 | 1.07 | 1.10 |
| Debt to Equity | 0.89 | 0.95 | 0.92 | 0.95 | 1.06 |
| Long-Term Debt to Equity | 0.32 | 0.35 | 0.38 | 0.40 | 0.46 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 4.30 | 0.70 | -1.99 | -3.53 |
| ROE | 8.40 | 1.53 | -4.54 | -7.86 |
| Gross Margin | 16.03 | 12.97 | 7.20 | 0.32 |
| Operating Margin | 10.40 | 6.60 | 0.48 | -5.18 |
| EBITDA Margin | 21.37 | 19.02 | 13.21 | 8.75 |
| Net Profit Margin | 5.86 | 1.10 | -4.00 | -7.36 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.98 | 0.83 | 0.59 | 1.51 | 1.14 |
| ROE | 1.85 | 1.62 | 1.13 | 2.95 | 2.36 |
| Gross Margin | 11.97 | 13.41 | 12.36 | 17.22 | 15.89 |
| Operating Margin | 6.90 | 8.56 | 7.26 | 11.66 | 10.66 |
| EBITDA Margin | 18.60 | 19.52 | 19.15 | 23.18 | 20.88 |
| Net Profit Margin | 6.01 | 4.64 | 3.43 | 7.81 | 6.13 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 1,773,678.00 | 1,797,740.00 | 1,828,327.00 | 1,831,292.00 |
| Current Assets | 540,516.00 | 541,715.00 | 537,814.00 | 627,368.00 |
| Cash and Short-Term Investments | 107,956.00 | 67,821.00 | 78,853.00 | 205,772.00 |
| Cash and Cash Equivalents | 107,956.00 | 67,821.00 | 78,853.00 | 205,772.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 318,547.00 | 355,463.00 | 331,434.00 | 315,253.00 |
| Inventory | 96,772.00 | 98,434.00 | 110,521.00 | 93,864.00 |
| Other Current Assets | 17,241.00 | 19,997.00 | 17,006.00 | 12,479.00 |
| Non-Current Assets | 1,233,161.66 | 1,256,025.00 | 1,290,513.00 | 1,203,924.00 |
| Property, Plant, Equipment Net | 464,187.66 | 474,294.00 | 491,031.00 | 425,506.00 |
| Goodwill | 645,095.00 | 645,095.00 | 645,095.00 | 645,095.00 |
| Intangible Assets | 65,696.00 | 84,304.00 | 102,914.00 | 121,616.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 58,183.00 | 52,332.00 | 51,473.00 | 11,707.00 |
| Liabilities | 865,446.00 | 976,246.00 | 1,025,979.00 | 1,010,258.00 |
| Current Liabilities | 503,512.00 | 533,447.00 | 544,068.00 | 431,872.00 |
| Payables and Expenses | 340,518.00 | 374,335.00 | 368,402.00 | 326,980.00 |
| Account Payables | 305,308.00 | 351,240.00 | 353,536.00 | 314,569.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 133,904.00 | 128,039.00 | 149,500.00 | 87,074.00 |
| Other Current Liabilities | 29,090.00 | 31,073.00 | 26,166.00 | 17,818.00 |
| Non-Current Liabilities | 361,934.00 | 442,799.00 | 481,911.00 | 578,386.00 |
| Long-Term Debt | 275,230.00 | 356,710.00 | 416,914.00 | 508,764.00 |
| Other Non-Current Liabilities | 86,704.00 | 86,089.00 | 64,997.00 | 69,622.00 |
| Equity | 908,232.00 | 821,494.00 | 802,348.00 | 821,034.00 |
| Shareholders Equity | 908,232.00 | 821,494.00 | 802,348.00 | 821,034.00 |
| Capital Stock | 894,293.00 | 883,865.00 | 877,299.00 | 856,792.00 |
| Share Premium | 0 | 0 | 0 | 0 |
| Retained Earnings | 13,870.00 | -62,440.00 | -75,020.00 | -35,827.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 69.00 | 69.00 | 69.00 | 69.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 409,134.00 | 484,749.00 | 566,414.00 | 595,838.00 |
| Net Debt | 274,886.00 | 384,377.00 | 456,247.00 | 390,066.00 |
| Common Shares Outstanding | 96,045.86 | 94,996.40 | 94,012.75 | 91,361.24 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 1,301,704.00 | 1,145,915.00 | 909,517.00 | 876,729.00 |
| Cost Of Revenue | 1,093,031.00 | 997,265.00 | 844,039.00 | 873,948.00 |
| Interest Expense | 39,881.00 | 45,826.00 | 34,126.00 | 15,174.00 |
| Non-Interest Expense | 52,195.00 | 49,173.00 | 47,530.00 | 28,071.00 |
| Gross Profit | 208,673.00 | 148,650.00 | 65,478.00 | 2,781.00 |
| Operating Expenses | 70,969.00 | 67,947.00 | 66,395.00 | 46,113.00 |
| Selling, General and Administrative Expenses | 52,195.00 | 49,173.00 | 47,530.00 | 28,071.00 |
| Operating Income | 137,704.00 | 80,703.00 | -917.00 | -43,332.00 |
| Net Non-Operating Income | -2,325.00 | -5,031.00 | 5,242.00 | -2,073.00 |
| EBT | 95,498.00 | 29,846.00 | -29,801.00 | -60,579.00 |
| Income Tax | 19,188.00 | 17,266.00 | 6,619.00 | 3,989.00 |
| Net Income Including Non-Controlling Interests | 76,310.00 | 12,580.00 | -36,420.00 | -64,568.00 |
| Net Income | 76,310.00 | 12,580.00 | -36,420.00 | -64,568.00 |
| EBIT | 135,379.00 | 75,672.00 | 4,325.00 | -45,405.00 |
| Deprecation and Amortization | 142,784.00 | 142,230.00 | 115,845.00 | 122,125.00 |
| EBITDA | 278,163.00 | 217,902.00 | 120,170.00 | 76,720.00 |
| EPS | 0.00 | 0.00 | -0.00 | -0.00 |
| Diluted EPS | 0.00 | 0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 95,472.53 | 94,748.32 | 92,962.05 | 91,043.83 |
| Average Shares Outstanding Diluted | 95,735.92 | 94,748.32 | 92,962.05 | 91,043.83 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 229,329.00 | 176,959.00 | 92,576.00 | 127,743.00 |
| Operating Net Income | 76,310.00 | 12,580.00 | -36,420.00 | -64,568.00 |
| Deprecation and Amortization | 142,784.00 | 142,230.00 | 115,845.00 | 122,125.00 |
| Deferred Income Tax | -2,719.00 | -3,753.00 | -10,261.00 | -12,140.00 |
| Share Based Compensation | 6,032.00 | 6,763.00 | 9,269.00 | 9,759.00 |
| Change in Working Capital | -9,163.00 | 7,706.00 | 1,230.00 | 62,777.00 |
| Other Operating Activities | 16,085.00 | 11,433.00 | 12,913.00 | 9,790.00 |
| Investing Cash Flow | -111,134.00 | -83,463.00 | -146,708.00 | -164,536.00 |
| Capital Expenditure | -105,105.00 | -68,190.00 | -122,415.00 | -107,076.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 0 | -16,031.00 | -17,367.00 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | -51,921.00 |
| Other Investing Activities | 0 | 758.00 | -6,926.00 | -5,539.00 |
| Financing Cash Flow | -78,060.00 | -104,528.00 | -72,795.00 | 167,544.00 |
| Net Issuance/Repayment of Debt | -74,116.00 | -88,762.00 | -58,352.00 | 190,931.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -3,944.00 | -15,766.00 | -14,443.00 | -23,387.00 |
| Net Change in Cash | 40,135.00 | -11,032.00 | -126,927.00 | 130,751.00 |
| Cash at Beginning of Period | 67,821.00 | 78,853.00 | 205,772.00 | 75,012.00 |
| Cash at End of Period | 107,956.00 | 67,821.00 | 78,853.00 | 205,772.00 |
| Free Cash Flow | 124,224.00 | 108,769.00 | -29,839.00 | 20,667.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 1,809,123.00 | 1,827,090.00 | 1,769,323.00 | 1,773,678.00 | 1,802,848.00 |
| Current Assets | 595,876.00 | 619,921.00 | 554,848.00 | 540,516.00 | 577,154.00 |
| Cash and Short-Term Investments | 69,683.00 | 131,802.00 | 78,695.00 | 107,956.00 | 118,169.00 |
| Cash and Cash Equivalents | 69,683.00 | 131,802.00 | 78,695.00 | 107,956.00 | 118,169.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 400,947.00 | 366,798.00 | 359,688.00 | 318,547.00 | 329,375.00 |
| Inventory | 97,771.00 | 98,892.00 | 101,419.00 | 96,772.00 | 100,018.00 |
| Other Current Assets | 27,475.00 | 22,429.00 | 15,046.00 | 17,241.00 | 29,592.00 |
| Non-Current Assets | 1,213,247.00 | 1,207,169.00 | 1,214,475.00 | 1,233,161.66 | 1,225,694.00 |
| Property, Plant, Equipment Net | 459,644.00 | 447,538.00 | 450,870.00 | 464,187.66 | 452,805.00 |
| Goodwill | 645,095.00 | 645,095.00 | 645,096.00 | 645,095.00 | 645,095.00 |
| Intangible Assets | 51,739.00 | 56,391.00 | 61,044.00 | 65,696.00 | 70,349.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 56,769.00 | 58,145.00 | 57,465.00 | 58,183.00 | 57,445.00 |
| Liabilities | 852,472.00 | 890,186.00 | 848,844.00 | 865,446.00 | 929,300.00 |
| Current Liabilities | 542,497.00 | 558,100.00 | 502,569.00 | 503,512.00 | 523,221.00 |
| Payables and Expenses | 382,637.00 | 383,783.00 | 339,833.00 | 340,518.00 | 358,347.00 |
| Account Payables | 356,414.00 | 352,617.00 | 306,626.00 | 305,308.00 | 350,582.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 129,506.00 | 136,759.00 | 132,941.00 | 133,904.00 | 131,104.00 |
| Other Current Liabilities | 30,354.00 | 37,558.00 | 29,795.00 | 29,090.00 | 33,770.00 |
| Non-Current Liabilities | 309,975.00 | 332,086.00 | 346,275.00 | 361,934.00 | 406,079.00 |
| Long-Term Debt | 226,935.00 | 242,755.00 | 258,647.00 | 275,230.00 | 306,730.00 |
| Other Non-Current Liabilities | 83,040.00 | 89,331.00 | 87,628.00 | 86,704.00 | 99,349.00 |
| Equity | 956,651.00 | 936,904.00 | 920,479.00 | 908,232.00 | 873,548.00 |
| Shareholders Equity | 956,651.00 | 936,904.00 | 920,479.00 | 908,232.00 | 873,548.00 |
| Capital Stock | 899,383.00 | 897,373.00 | 896,149.00 | 894,293.00 | 886,446.00 |
| Share Premium | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 57,199.00 | 39,462.00 | 24,261.00 | 13,870.00 | -12,967.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 69.00 | 69.00 | 69.00 | 69.00 | 69.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 356,441.00 | 379,514.00 | 391,588.00 | 409,134.00 | 437,834.00 |
| Net Debt | 263,266.00 | 223,023.00 | 287,629.00 | 274,886.00 | 291,147.00 |
| Common Shares Outstanding | 100,777.76 | 96,452.97 | 96,352.97 | 96,045.86 | 95,447.21 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 295,315.00 | 327,368.00 | 303,102.00 | 343,682.00 | 336,205.00 |
| Cost Of Revenue | 259,955.00 | 283,484.00 | 265,647.00 | 284,501.00 | 282,794.00 |
| Interest Expense | 8,128.00 | 8,562.00 | 8,284.00 | 9,905.00 | 9,933.00 |
| Non-Interest Expense | 11,061.00 | 12,099.00 | 11,821.00 | 10,905.00 | 13,270.00 |
| Gross Profit | 35,360.00 | 43,884.00 | 37,455.00 | 59,181.00 | 53,411.00 |
| Operating Expenses | 15,754.00 | 16,793.00 | 16,514.00 | 15,599.00 | 17,963.00 |
| Selling, General and Administrative Expenses | 11,061.00 | 12,099.00 | 11,821.00 | 10,905.00 | 13,270.00 |
| Operating Income | 19,606.00 | 27,091.00 | 20,941.00 | 43,582.00 | 35,448.00 |
| Net Non-Operating Income | 759.00 | 940.00 | 1,059.00 | -3,524.00 | 394.00 |
| EBT | 12,237.00 | 19,469.00 | 13,716.00 | 30,153.00 | 25,909.00 |
| Income Tax | -5,500.00 | 4,268.00 | 3,325.00 | 3,316.00 | 5,291.00 |
| Net Income Including Non-Controlling Interests | 17,737.00 | 15,201.00 | 10,391.00 | 26,837.00 | 20,618.00 |
| Net Income | 17,737.00 | 15,201.00 | 10,391.00 | 26,837.00 | 20,618.00 |
| EBIT | 20,365.00 | 28,031.00 | 22,000.00 | 40,058.00 | 35,842.00 |
| Deprecation and Amortization | 34,568.00 | 35,877.00 | 36,035.00 | 39,608.00 | 34,357.00 |
| EBITDA | 54,933.00 | 63,908.00 | 58,035.00 | 79,666.00 | 70,199.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 100,356.02 | 96,428.79 | 96,139.18 | 95,955.54 | 95,428.25 |
| Average Shares Outstanding Diluted | 100,724.29 | 97,639.51 | 96,710.48 | 95,955.54 | 95,653.96 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 6,681.00 | 98,486.00 | 20,485.00 | 46,260.00 | 70,788.00 |
| Operating Net Income | 17,737.00 | 15,201.00 | 10,391.00 | 26,837.00 | 20,618.00 |
| Deprecation and Amortization | 34,568.00 | 35,877.00 | 36,035.00 | 39,608.00 | 34,357.00 |
| Deferred Income Tax | -1,066.00 | 808.00 | -1,239.00 | -577.00 | -3,338.00 |
| Share Based Compensation | 2,169.00 | 1,722.00 | 1,856.00 | 2,464.00 | 1,542.00 |
| Change in Working Capital | -45,556.00 | 44,803.00 | -28,112.00 | -28,203.00 | 12,868.00 |
| Other Operating Activities | -1,171.00 | 75.00 | 1,554.00 | 6,131.00 | 4,741.00 |
| Investing Cash Flow | -44,355.00 | -30,942.00 | -31,487.00 | -26,976.00 | -27,451.00 |
| Capital Expenditure | -40,753.00 | -29,743.00 | -30,124.00 | -25,052.00 | -27,355.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -3,602.00 | -1,199.00 | -1,363.00 | -1,924.00 | -96.00 |
| Financing Cash Flow | -24,445.00 | -14,437.00 | -18,259.00 | -29,497.00 | -165.00 |
| Net Issuance/Repayment of Debt | -23,827.00 | -12,409.00 | -17,658.00 | -28,535.00 | 972.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -618.00 | -2,028.00 | -601.00 | -962.00 | -1,137.00 |
| Net Change in Cash | -62,119.00 | 53,107.00 | -29,261.00 | -10,213.00 | 43,172.00 |
| Cash at Beginning of Period | 131,802.00 | 78,695.00 | 107,956.00 | 118,169.00 | 74,997.00 |
| Cash at End of Period | 69,683.00 | 131,802.00 | 78,695.00 | 107,956.00 | 118,169.00 |
| Free Cash Flow | -34,072.00 | 68,743.00 | -9,639.00 | 21,208.00 | 43,433.00 |