National Energy Services Reunited (NESR) Cost of Revenue (2016 - 2026)
National Energy Services Reunited's Cost of Revenue was $439.46 million in Q2 2026, up 55.0% from $283.48 million a year earlier and up 24.6% from the prior quarter.
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Analysis
National Energy Services Reunited (NESR) Cost of Revenue (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, National Energy Services Reunited's Cost of Revenue was $1.4 billion through Jun 30, 2026, up 25.6% year-over-year; for FY2025, it was $1.16 billion, up 6.1% from FY2024.
- Cost of Revenue has now increased for three consecutive years, with a five-year compound annual growth rate of 8.9% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $1.09 billion in FY2024 (+9.6%), $997.27 million in FY2023 (+18.2%), $844.04 million in FY2022 (-3.4%) and $873.95 million in FY2021 (+15.6%).
- The Q2 2026 figure marks the highest quarterly Cost of Revenue since Q4 2019.
- Compared with a year earlier, Cost of Revenue has increased for three straight quarters, with growth averaging 16.3% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q4 2021 (growth of 79.4%); the worst was Q3 2025 (a decline of 8.1%).
- Per Business Quant data, NESR's Cost of Revenue in the three quarters before Q2 2026 was $352.76 million (Q1 2026), $350.23 million (Q4 2025) and $259.96 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.34 Bn | 69.45 Bn | 1.40 Bn | 7.58 Bn |
| 2 | Baker Hughes | 55.59 Bn | 18.87 Bn | 1.58 Bn | 5.16 Bn |
| 3 | TechnipFMC | 27.02 Bn | 23.17 Bn | 684.70 Mn | 2.08 Bn |
| 4 | Halliburton | 26.54 Bn | 18.29 Bn | 804.00 Mn | 4.91 Bn |
| 5 | Nov | 6.72 Bn | 1.51 Bn | 521.00 Mn | 1.61 Bn |
| 6 | Noble | 6.50 Bn | 4.43 Bn | 239.27 Mn | 480.42 Mn |
| 7 | Transocean | 5.76 Bn | 3.47 Bn | 358.00 Mn | 608.00 Mn |
| 8 | Weatherford International | 5.72 Bn | 1.66 Bn | 333.00 Mn | 772.00 Mn |
| 9 | Kodiak Gas Services | 5.48 Bn | 5.25 Bn | 246.76 Mn | 144.36 Mn |
| 10 | National Energy Services Reunited | 2.49 Bn | 2.03 Bn | 81.29 Mn | 439.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 439.46 Mn |
| Mar 31, 2026 | 352.76 Mn |
| Dec 31, 2025 | 350.23 Mn |
| Sep 30, 2025 | 259.96 Mn |
| Jun 30, 2025 | 283.48 Mn |
| Mar 31, 2025 | 265.65 Mn |
| Dec 31, 2024 | 284.50 Mn |
| Sep 30, 2024 | 282.79 Mn |
| Jun 30, 2024 | 271.83 Mn |
| Mar 31, 2024 | 253.91 Mn |
| Dec 31, 2023 | 263.11 Mn |
| Sep 30, 2023 | 254.96 Mn |
| Jun 30, 2023 | 248.32 Mn |
| Dec 31, 2021 | 319.61 Mn |
| Sep 30, 2021 | 186.10 Mn |
| Jun 30, 2021 | 193.93 Mn |
| Mar 31, 2021 | 174.31 Mn |
| Dec 31, 2020 | 178.15 Mn |
| Sep 30, 2020 | 177.95 Mn |
| Jun 30, 2020 | 164.34 Mn |
API Access
National Energy Services Reunited Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NESR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NESR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NESR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();