Nine Energy Service (NINE) Gross Margin (2017 - 2026)
Nine Energy Service's Gross Margin came in at 14.49% for Q3 2026, down 0.89 percentage points from 15.38% a year earlier but up 0.34 percentage points from the prior quarter.
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Analysis
Nine Energy Service (NINE) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Nine Energy Service reported Gross Margin of 14.80%, down 2.76 percentage points year-over-year; for FY2025, it was 16.83%, down 0.75 percentage points from FY2024.
- Gross Margin has declined in each of the last three years, though with a five-year change of +14.03 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 17.57% in FY2024 (-1.91 pp), 19.49% in FY2023 (-3.48 pp), 22.97% in FY2022 (+11.11 pp) and 11.86% in FY2021 (+9.06 pp).
- The five-year range for quarterly Gross Margin is 14.14% (Q2 2026) to 26.29% (Q3 2022).
- Year-over-year, Gross Margin increased in three of the last seven quarters, with an average year-over-year change of -0.95 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2021 (a gain of 22.23 percentage points), and the weakest in Q3 2023 (a drop of 9.97 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.30 Bn | 73.91 Bn | 1.57 Bn | 16.57% |
| 2 | Baker Hughes | 49.10 Bn | 11.25 Bn | 1.96 Bn | 24.39% |
| 3 | Halliburton | 27.94 Bn | 19.88 Bn | 840.00 Mn | 14.73% |
| 4 | TechnipFMC | 25.83 Bn | 21.81 Bn | 728.70 Mn | 25.16% |
| 5 | Noble | 6.97 Bn | 5.04 Bn | 228.22 Mn | 31.32% |
| 6 | Nov | 6.45 Bn | 1.39 Bn | 439.00 Mn | 19.72% |
| 7 | Weatherford International | 6.27 Bn | 2.04 Bn | 374.00 Mn | 32.72% |
| 8 | Transocean | 6.19 Bn | 4.23 Bn | 348.00 Mn | 37.14% |
| 9 | Valaris | 5.84 Bn | 3.59 Bn | 176.30 Mn | 29.70% |
| 10 | Nine Energy Service | 101.42 Mn | 38.82 Mn | 20.57 Mn | 14.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.49% |
| Jun 30, 2026 | 14.14% |
| Dec 31, 2025 | 15.47% |
| Sep 30, 2025 | 15.38% |
| Jun 30, 2025 | 17.53% |
| Mar 31, 2025 | 18.61% |
| Dec 31, 2024 | 18.53% |
| Sep 30, 2024 | 17.88% |
| Jun 30, 2024 | 15.37% |
| Mar 31, 2024 | 18.37% |
| Dec 31, 2023 | 17.74% |
| Sep 30, 2023 | 16.31% |
| Jun 30, 2023 | 21.05% |
| Mar 31, 2023 | 22.21% |
| Dec 31, 2022 | 24.03% |
| Sep 30, 2022 | 26.29% |
| Jun 30, 2022 | 20.80% |
| Mar 31, 2022 | 19.34% |
| Dec 31, 2021 | 14.18% |
| Sep 30, 2021 | 15.06% |
API Access
Nine Energy Service Gross Margin 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=gross-margin&ticker=NINE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=NINE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();