NESR FY 2024 Earnings Report — National Energy Services Reunited Corp. Revenue & Financial Results | Market Cap Arena

National Energy Services Reunited Corp.NESR

FY 2024 Earnings

Reported March 28, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	13.6%
Op. Income	$138M	—	$81M	—	70.6%
Gross Margin	16.0%	—	11.3%	—	4.7pp
Net Margin	5.9%	—	1.1%	—	4.8pp
EPS (Diluted)	$0.80	—	$0.13	—	515.4%
Free Cash Flow	$124M	—	$109M	—	14.2%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$209M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$52M
Other Expenses	$19M
Operating Expenses	$71M
Cost & Expenses	$1.2B
OPERATING INCOME	$138M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$95M
Income Tax Expense	$19M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$143M
EBIT	$135M
EBITDA	$278M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$209M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$52M
Other Expenses	$19M
Operating Expenses	$71M
Cost & Expenses	$1.2B
OPERATING INCOME	$138M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$95M
Income Tax Expense	$19M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$143M
EBIT	$135M
EBITDA	$278M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$76M
Depreciation & Amortization	$143M
Stock-Based Compensation	$6M
Deferred Income Tax	-$3M
Other Non-Cash Items	$16M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$229M
Capital Expenditure	-$105M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$111M
Net Debt Issuance	-$74M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$78M
FREE CASH FLOW	$124M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$108M
Short-Term Investments	$0
Net Receivables	$319M
Inventory	$97M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$541M
PP&E (Net)	$464M
Goodwill	$645M
Intangible Assets	$66M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.8B
Account Payables	$305M
Short-Term Debt	$128M
Deferred Revenue	$0
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$504M
Long-Term Debt	$254M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$81M
TOTAL NON-CURRENT LIABILITIES	$362M
TOTAL LIABILITIES	$865M
Common Stock	$894M
Additional Paid-In Capital	$0
Retained Earnings	$14M
Treasury Stock	$0
Accum. Other Comp. Income	$69.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$908M
Minority Interest	$0
TOTAL EQUITY	$908M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$409M
Net Debt	$301M