National Energy Services Reunited (NESR) Gross Margin (2017 - 2026)
National Energy Services Reunited (NESR) reported Gross Margin of 12.81% for Q1 2026, up 45.0% on a YoY basis from 8.84% in Q1 2025, and up 6.22% quarter-over-quarter from 12.06% in Q4 2025.
National Energy Services Reunited (NESR) Gross Margin (2017 - 2026) Analysis & Trends
National Energy Services Reunited has reported Gross Margin for 9 years, with the latest figure at 12.81% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 45.0% year-over-year to 12.81%; the trailing twelve-month figure through Mar 2026 stood at 12.56% (down 297.0% YoY), and the FY2025 full-year result was 12.44%, down 359.0% from the prior year.
- Gross Margin for Q1 2026 stood at 12.81%, up from 12.06% in the prior quarter.
- The five-year high for Gross Margin was 17.22% in Q4 2024, with the low at 11.41% in Q2 2023.
- Historically, Gross Margin has averaged 13.95% across 4 years, with a median of 13.92% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 494 bps — and 2025, when it sank 516 bps.
- National Energy Services Reunited's Gross Margin stood at 14.44% in 2023, then gained by 19 bps to 17.22% in 2024, then decreased by 30 bps to 12.06% in 2025, then grew by 6 bps to 12.81% in 2026.
- The last three Gross Margin figures came in at 12.81% (Q1 2026), 12.06% (Q4 2025), and 11.97% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 64.46% |
| 10 | National Energy Services Reunited | 2.41 Bn | 2.31 Bn | 51.83 Mn | 12.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2020 | 20.59% |