National Energy Services Reunited (NESR) Gross Margin (2016 - 2026)
National Energy Services Reunited (NESR) posted Gross Margin of 12.81% for Q1 2026, up 6.22% on a QoQ basis from 12.06% in Q4 2025, and up 45.0% year-over-year from 8.84% in Q1 2025.
National Energy Services Reunited (NESR) Gross Margin (2016 - 2026) Analysis & Trends
National Energy Services Reunited's Gross Margin history runs 10 years deep, the most recent figure standing at 12.81% for Q1 2026.
- Quarterly Gross Margin rose 45.0% year-over-year to 12.81% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.56% (down 297.0% YoY) and the FY2025 annual result came in at 12.44%, down 359.0% from the prior year.
- Gross Margin was 12.81% for Q1 2026 at National Energy Services Reunited, up from 12.06% 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.
- A 4-year average of 13.95% and a median of 13.92% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 494 bps — and 2025, when it plunged 516 bps.
- National Energy Services Reunited's 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 rose by 6 bps to 12.81% in 2026.
- Business Quant data shows NESR's Gross Margin at 12.81% in Q1 2026, 12.06% in Q4 2025, and 11.97% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 37.69% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 18.47% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 70.23% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 66.20% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 18.38% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 64.46% |
| 10 | National Energy Services Reunited | 2.78 Bn | 2.69 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% |