National Energy Services Reunited (NESR) Operating Margin (2017 - 2026)
National Energy Services Reunited's (NESR) quarterly Operating Margin came in at 12.45% in Q2 2026, up 418.0% on a YoY basis from 2.4% in Q2 2025, and up 39.8% quarter-over-quarter from 8.91% in Q1 2026.
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National Energy Services Reunited (NESR) Operating Margin (2017 - 2026) Analysis & Trends
National Energy Services Reunited (NESR) has reported Operating Margin for 9 consecutive years, with 12.45% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 418.0% year-over-year to 12.45%; the trailing twelve-month figure through Jun 2026 stood at 9.34% (down 36.0% YoY), and the FY2025 full-year result was 7.43%, down 315.0% from the prior year.
- Operating Margin improved to 12.45% in Q2 2026 per NESR's latest filing, from 8.91% in the prior quarter.
- Across five years, Operating Margin topped out at 12.68% in Q4 2024 and bottomed at 6.15% in Q2 2023.
- Historically, Operating Margin has averaged 9.03% across 4 years, with a median of 8.91% in 2026.
- The sharpest annual moves came in 2024 and 2025: Operating Margin jumped 435 bps in 2024, then plunged 498 bps in 2025.
- Over 4 years, Operating Margin stood at 8.96% in 2023, then jumped by 41 bps to 12.68% in 2024, then plunged by 39 bps to 7.7% in 2025, then surged by 62 bps to 12.45% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 12.45%, 8.91%, and 7.7% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.07 Bn | 81.00 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 63.03 Bn | 47.30 Bn | 1.58 Bn | 12.74% |
| 3 | Halliburton | 31.08 Bn | 29.03 Bn | 2.10 Bn | 13.62% |
| 4 | Weatherford International | 6.68 Bn | 5.54 Bn | 662.00 Mn | 9.68% |
| 5 | Kodiak Gas Services | 6.11 Bn | 5.98 Bn | 246.76 Mn | 31.76% |
| 6 | Tidewater | 4.62 Bn | 4.01 Bn | 161.54 Mn | 18.27% |
| 7 | USA Compression Partners | 4.01 Bn | 4.00 Bn | 217.36 Mn | 29.34% |
| 8 | Liberty Energy | 3.59 Bn | 3.04 Bn | 208.34 Mn | 1.07% |
| 9 | National Energy Services Reunited | 3.50 Bn | 3.31 Bn | 81.29 Mn | 12.45% |
| 10 | Select Water Solutions | 2.78 Bn | 2.74 Bn | 76.84 Mn | 8.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.45% |
| Mar 31, 2026 | 8.91% |
| Dec 31, 2025 | 7.70% |
| Sep 30, 2025 | 6.64% |
| Jun 30, 2025 | 8.28% |
| Mar 31, 2025 | 6.91% |
| Dec 31, 2024 | 12.68% |
| Sep 30, 2024 | 10.54% |
| Jun 30, 2024 | 10.50% |
| Mar 31, 2024 | 8.27% |
| Dec 31, 2023 | 8.96% |
| Sep 30, 2023 | 9.38% |
| Jun 30, 2023 | 6.15% |
| Dec 31, 2021 | -38.56% |
| Sep 30, 2021 | 3.72% |
| Jun 30, 2021 | 6.01% |
| Mar 31, 2021 | 7.51% |
| Dec 31, 2020 | 5.71% |
| Sep 30, 2020 | 8.69% |
| Jun 30, 2020 | 8.79% |