Nine Energy Service (NINE) Asset Utilization Ratio (2018 - 2026)
Nine Energy Service's Asset Utilization Ratio was 1.86 in Q3 2026, up 14.4% from 1.63 a year earlier and up 0.7% from the prior quarter.
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Analysis
Nine Energy Service (NINE) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Nine Energy Service came in at 1.61, up 10.5% from FY2024.
- In earlier years, Asset Utilization Ratio was 1.45 in FY2024 (-1.1%), 1.47 in FY2023 (+0.2%), 1.47 in FY2022 (+73.1%) and 0.85 in FY2021 (+76.4%).
- The Q3 2026 figure marks the highest quarterly Asset Utilization Ratio in data going back to Q1 2018.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q1 2022 (growth of 93.1%); the worst was Q2 2024 (a decline of 3.7%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.30 Bn | 73.91 Bn | 1.57 Bn | 0.66 |
| 2 | Baker Hughes | 49.10 Bn | 11.25 Bn | 1.96 Bn | 0.51 |
| 3 | Halliburton | 27.94 Bn | 19.88 Bn | 840.00 Mn | 0.87 |
| 4 | TechnipFMC | 25.83 Bn | 21.81 Bn | 728.70 Mn | 1.03 |
| 5 | Noble | 6.97 Bn | 5.04 Bn | 228.22 Mn | 0.42 |
| 6 | Nov | 6.45 Bn | 1.39 Bn | 439.00 Mn | 0.78 |
| 7 | Weatherford International | 6.27 Bn | 2.04 Bn | 374.00 Mn | 0.90 |
| 8 | Transocean | 6.19 Bn | 4.23 Bn | 348.00 Mn | 0.27 |
| 9 | Valaris | 5.84 Bn | 3.59 Bn | 176.30 Mn | 0.39 |
| 10 | Nine Energy Service | 101.42 Mn | 38.82 Mn | 20.57 Mn | 1.86 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.86 |
| Jun 30, 2026 | 1.85 |
| Dec 31, 2025 | 1.65 |
| Sep 30, 2025 | 1.63 |
| Jun 30, 2025 | 1.60 |
| Mar 31, 2025 | 1.56 |
| Dec 31, 2024 | 1.55 |
| Sep 30, 2024 | 1.52 |
| Jun 30, 2024 | 1.47 |
| Mar 31, 2024 | 1.50 |
| Dec 31, 2023 | 1.55 |
| Sep 30, 2023 | 1.53 |
| Jun 30, 2023 | 1.52 |
| Mar 31, 2023 | 1.50 |
| Dec 31, 2022 | 1.42 |
| Sep 30, 2022 | 1.32 |
| Jun 30, 2022 | 1.16 |
| Mar 31, 2022 | 1.03 |
| Dec 31, 2021 | 0.91 |
| Sep 30, 2021 | 0.78 |
API Access
Nine Energy Service Asset Utilization Ratio 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=asset-utilization-ratio&ticker=NINE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "NINE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NINE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();