National Energy Services Reunited (NESR) Gross Margin (2017 - 2026)
National Energy Services Reunited's (NESR) quarterly Gross Margin came in at 15.61% in Q2 2026, up 221.0% on a YoY basis from 4.86% in Q2 2025, and up 21.85% quarter-over-quarter from 12.81% in Q1 2026.
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National Energy Services Reunited (NESR) Gross Margin (2017 - 2026) Analysis & Trends
National Energy Services Reunited (NESR) has reported Gross Margin for 9 consecutive years, with 15.61% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 221.0% year-over-year to 15.61%; the trailing twelve-month figure through Jun 2026 stood at 13.37% (down 143.0% YoY), and the FY2025 full-year result was 12.44%, down 359.0% from the prior year.
- Gross Margin grew to 15.61% in Q2 2026 per NESR's latest filing, from 12.81% in the prior quarter.
- Across five years, Gross Margin topped out at 17.22% in Q4 2024 and bottomed at 11.41% in Q2 2023.
- Historically, Gross Margin has averaged 14.08% across 4 years, with a median of 14.44% in 2023.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 494 bps in 2024, then slumped 516 bps in 2025.
- Over 4 years, Gross Margin stood at 14.44% in 2023, then climbed by 19 bps to 17.22% in 2024, then dropped by 30 bps to 12.06% in 2025, then advanced by 29 bps to 15.61% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 15.61%, 12.81%, and 12.06% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 23.46% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 36.80% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 59.91% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 63.09% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 47.19% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 63.53% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 15.61% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 17.53% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 19.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.61% |
| Mar 31, 2026 | 12.81% |
| Dec 31, 2025 | 12.06% |
| Sep 30, 2025 | 11.97% |
| Jun 30, 2025 | 13.41% |
| Mar 31, 2025 | 12.36% |
| Dec 31, 2024 | 17.22% |
| Sep 30, 2024 | 15.89% |
| Jun 30, 2024 | 16.35% |
| Mar 31, 2024 | 14.47% |
| Dec 31, 2023 | 14.44% |
| Sep 30, 2023 | 15.04% |
| Jun 30, 2023 | 11.41% |
| Dec 31, 2021 | -51.20% |
| Sep 30, 2021 | 14.63% |
| Jun 30, 2021 | 17.45% |
| Mar 31, 2021 | 17.94% |
| Dec 31, 2020 | 16.43% |
| Sep 30, 2020 | 18.53% |
| Jun 30, 2020 | 19.14% |