National Energy Services Reunited Corp. (NESR) Revenue History
Annual and quarterly revenue from 2017 to 2024
Compound Annual Growth Rate (CAGR)
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NESR Revenue Growth
Revenue Breakdown (FY 2024)
NESR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NESR Revenue Analysis (2017–2024)
As of May 9, 2026, National Energy Services Reunited Corp. (NESR) generated trailing twelve-month (TTM) revenue of $1.27 billion, reflecting significant decline in growth of -12.2% year-over-year. The most recent quarter (Q3 2025) recorded $295.3 million in revenue, down 9.8% sequentially.
Looking at the longer-term picture, NESR's 5-year compound annual growth rate (CAGR) stands at +14.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.30 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows NESR's business is primarily driven by Production Services (67%), and Drilling and Evaluation Services (33%). With over half of revenue concentrated in Production Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including PTEN (-9.4% YoY), KLXE (-10.3% YoY), and OIS (-25.7% YoY), NESR has underperformed the peer group in terms of revenue growth. Compare NESR vs PTEN →
NESR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NESRCurrent | $1.3B | -12.2% | +14.6% | 10.6% | |
 PTEN | $4.8B | -9.4% | +33.8% | -0.5% | |
 KLXE | $637M | -10.3% | +18.1% | -4.8% | |
 OIS | $669M | -25.7% | +1.0% | -0.7% | |
 SLB | $35.7B | -1.6% | +8.6% | 15.3% |
NESR Historical Revenue Data (2017–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.30B | +13.6% | $208.7M | 16.0% | $137.7M | 10.6% |
| 2023 | $1.15B | +26.0% | $129.9M | 11.3% | $80.7M | 7.0% |
| 2022 | $909.5M | +3.7% | $46.6M | 5.1% | $-917,000 | -0.1% |
| 2021 | $876.7M | +5.1% | $-15,261,000 | -1.7% | $-43,332,000 | -4.9% |
| 2020 | $834.2M | +26.7% | $62.1M | 7.4% | $35.3M | 4.2% |
| 2019 | $658.4M | +142.7% | $135.7M | 20.6% | $71.8M | 10.9% |
| 2017 | $271.3M | - | $71.2M | 26.2% | $39.7M | 14.6% |
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Start ComparisonNESR — Frequently Asked Questions
Quick answers to the most common questions about buying NESR stock.
Is NESR's revenue growth accelerating or slowing?
NESR revenue declined -12.2% year-over-year, contrasting with the 5-year CAGR of +14.6%. TTM revenue fell to $1.3B. This reverses the prior growth trend.
What is NESR's long-term revenue growth rate?
National Energy Services Reunited Corp.'s 5-year revenue CAGR of +14.6% reflects the variable expansion pattern. Current YoY growth of -12.2% is below this long-term average.
How is NESR's revenue distributed by segment?
NESR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2024 are available for download. Segment mix reveals concentration and diversification trends.