Nine Energy Service, Inc. (NINE) 10-Year Financial Performance & Capital Metrics

NINE • • Industrial / General

EnergyOilfield ServicesCompletion & Production EquipmentCompletion Tools & Systems

AboutNine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. It offers cementing services, which consist of blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well. The company also provides a portfolio of completion tools, such as liner hangers and accessories, fracture isolation packers, frac sleeves, stage one prep tools, frac plugs, casing flotation tools, specialty open hole float equipment, disk subs, composite cement retainers, and centralizers that provide pinpoint frac sleeve system technologies. In addition, it offers wireline services consisting of plug-and-perf completions, which is a multistage well completion technique for cased-hole wells that consists of deploying perforating guns and isolation tools to a specified depth; and coiled tubing services, which perform wellbore intervention operations utilizing a continuous steel pipe that is transported to the wellsite wound on a large spool in lengths of up to 30,000 feet. The company was formerly known as NSC-Tripoint, Inc. and changed its name to Nine Energy Service, Inc. in October 2011. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.Show more

Revenue $554M -9.1%
EBITDA $59M -16.7%
Net Income -$41M -27.5%
EPS (Diluted) -1.11 -14.4%
Gross Margin 10.94% -14.7%
EBITDA Margin 10.64% -8.3%
Operating Margin 1.61% -44.0%
Net Margin -7.41% -40.3%
ROE -
ROIC 2.37% -42.6%
Debt/Equity -
Interest Coverage 0.17 -49.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 8 (bottom 8%)
✗Sales declining 7.8% over 5 years
✗Shares diluted 11.7% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-7.83%

3Y16.61%

TTM2.59%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM3.77%

EPS CAGR

10Y-

5Y-

3Y-

TTM16.67%

ROCE

10Y Avg-11.67%

5Y Avg-11.4%

3Y Avg7.09%

Latest2.99%

Peer Comparison

Completion Tools & Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WHDCactus, Inc.	3.53B	51.28	18.51	3%	15.86%	12.41%	7.85%	0.03
NCSMNCS Multistage Holdings, Inc.	99.78M	39.27	15.40	14.1%	6.89%	9.64%	11.44%	0.13
TSTenaris S.A.	20.4B	40.40	5.58	-15.77%	16.91%	11.58%	10.6%	0.03
OMSEOMS Energy Technologies Inc.	197.81M	4.66	4.40	108.91%	22.01%	53.12%	19.03%	0.05
NINENine Energy Service, Inc.	17.99M	0.42	-0.37	-9.09%	-7.17%
BOOMDMC Global Inc.	152.58M	7.41	-0.90	-10.61%	-1.11%	-1.56%	19.21%	0.27
OISOil States International, Inc.	470.2M	7.87	-43.72	-11.47%	3.65%	3.48%	1.78%	0.22

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	478.52M	282.35M	543.66M	827.17M	832.94M	310.85M	349.42M	593.38M	609.53M	554.1M
Revenue Growth %	-	-0.41%	0.93%	0.52%	0.01%	-0.63%	0.12%	0.7%	0.03%	-0.09%
Cost of Goods Sold+	440.74M	310.45M	510.69M	703.11M	738.89M	351.06M	353.01M	497.34M	531.41M	493.51M
COGS % of Revenue	0.92%	1.1%	0.94%	0.85%	0.89%	1.13%	1.01%	0.84%	0.87%	0.89%
Gross Profit+	37.79M	-28.1M	32.97M	124.06M	94.05M	-40.2M	-3.59M	96.04M	78.12M	60.6M
Gross Margin %	0.08%	-0.1%	0.06%	0.15%	0.11%	-0.13%	-0.01%	0.16%	0.13%	0.11%
Gross Profit Growth %	-	-1.74%	2.17%	2.76%	-0.24%	-1.43%	0.91%	27.72%	-0.19%	-0.22%
Operating Expenses+	42.86M	39.39M	49.55M	75.99M	276.77M	342.96M	46.42M	52.47M	60.55M	51.66M
OpEx % of Revenue	0.09%	0.14%	0.09%	0.09%	0.33%	1.1%	0.13%	0.09%	0.1%	0.09%
Selling, General & Admin	42.86M	39.39M	49.55M	75.99M	81.33M	49.35M	45.3M	51.65M	59.82M	51.3M
SG&A % of Revenue	0.09%	0.14%	0.09%	0.09%	0.1%	0.16%	0.13%	0.09%	0.1%	0.09%
Research & Development	0	0	0	1.75M	0	0	0	0	0	0
R&D % of Revenue	-	-	-	0%	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	195.45M	293.62M	1.12M	821K	729K	360K
Operating Income+	-42.62M	-83.01M	-56.97M	-28.29M	-182.73M	-383.17M	-50.02M	43.57M	17.57M	8.94M
Operating Margin %	-0.09%	-0.29%	-0.1%	-0.03%	-0.22%	-1.23%	-0.14%	0.07%	0.03%	0.02%
Operating Income Growth %	-	-0.95%	0.31%	0.5%	-5.46%	-1.1%	0.87%	1.87%	-0.6%	-0.49%
EBITDA+	24.93M	-18.67M	5.25M	35.52M	-113.82M	-325.37M	3.03M	92.48M	70.75M	58.97M
EBITDA Margin %	0.05%	-0.07%	0.01%	0.04%	-0.14%	-1.05%	0.01%	0.16%	0.12%	0.11%
EBITDA Growth %	-	-1.75%	1.28%	5.76%	-4.2%	-1.86%	1.01%	29.56%	-0.23%	-0.17%
D&A (Non-Cash Add-back)	67.54M	64.34M	62.22M	63.81M	68.91M	57.8M	53.04M	48.92M	53.18M	50.03M
EBIT	-42.62M	-83.01M	-56.42M	-37.09M	-181.87M	-344.65M	-32.07M	47.42M	19.49M	10.44M
Net Interest Income+	-9.89M	-14.19M	-15.7M	-22.32M	-38.91M	-36.14M	-32.5M	-32.18M	-49.85M	-50.47M
Interest Income	0	0	0	0	860K	615K	26K	305K	1.27M	849K
Interest Expense	9.89M	14.19M	15.7M	22.32M	39.77M	36.76M	32.53M	32.49M	51.12M	51.32M
Other Income/Expense	-9.89M	-14.19M	-15.7M	-22.32M	-38.91M	1.76M	-14.59M	-28.63M	-49.2M	-49.82M
Pretax Income+	-52.51M	-97.2M	-72.67M	-50.61M	-221.64M	-381.41M	-64.6M	14.94M	-31.63M	-40.88M
Pretax Margin %	-0.11%	-0.34%	-0.13%	-0.06%	-0.27%	-1.23%	-0.18%	0.03%	-0.05%	-0.07%
Income Tax+	-14.32M	-26.29M	-4.99M	2.38M	-3.89M	-2.46M	-25K	546K	585K	198K
Effective Tax Rate %	0.75%	0.73%	0.93%	1.05%	0.98%	0.99%	1%	0.96%	1.02%	1%
Net Income+	-39.12M	-70.91M	-67.68M	-52.98M	-217.75M	-378.95M	-64.58M	14.39M	-32.21M	-41.08M
Net Margin %	-0.08%	-0.25%	-0.12%	-0.06%	-0.26%	-1.22%	-0.18%	0.02%	-0.05%	-0.07%
Net Income Growth %	-	-0.81%	0.05%	0.22%	-3.11%	-0.74%	0.83%	1.22%	-3.24%	-0.28%
Net Income (Continuing)	-38.18M	-70.91M	-67.68M	-52.98M	-217.75M	-378.95M	-64.58M	14.39M	-32.21M	-41.08M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.82	-3.30	-2.92	-2.17	-7.43	-12.74	-2.13	0.45	-0.97	-1.11
EPS Growth %	-	-0.81%	0.12%	0.26%	-2.42%	-0.71%	0.83%	1.21%	-3.16%	-0.14%
EPS (Basic)	-1.82	-3.30	-2.92	-2.17	-7.43	-12.74	-2.13	0.47	-0.97	-1.11
Diluted Shares Outstanding	21.49M	21.49M	23.18M	24.41M	29.31M	29.74M	30.3M	32.25M	33.28M	37.17M
Basic Shares Outstanding	21.49M	21.49M	23.18M	24.41M	29.31M	29.74M	30.3M	30.93M	33.28M	37.17M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	97.41M	90.71M	147.24M	333.18M	268.92M	166.16M	139.3M	196.72M	183.63M	170.46M
Cash & Short-Term Investments	18.88M	4.07M	17.51M	63.62M	92.99M	68.86M	21.51M	17.45M	30.84M	27.88M
Cash Only	18.88M	4.07M	17.51M	63.62M	92.99M	68.86M	21.51M	17.45M	30.84M	27.88M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	58.23M	61.99M	99.56M	162.41M	97.55M	42.63M	65.42M	106.02M	88.94M	81.44M
Days Sales Outstanding	44.41	80.13	66.85	71.66	42.75	50.05	68.34	65.21	53.26	53.65
Inventory	13.88M	15.17M	22.23M	91.44M	60.95M	38.4M	42.18M	62.05M	54.49M	50.78M
Days Inventory Outstanding	11.49	17.83	15.89	47.47	30.11	39.93	43.61	45.54	37.42	37.56
Other Current Assets	0	0	0	0	0	0	0	11.22M	9.37M	380K
Total Non-Current Assets+	561.02M	485.38M	431.62M	808M	581.98M	276.44M	242.31M	230.11M	218.35M	189.61M
Property, Plant & Equipment	325.89M	273.21M	259.04M	211.64M	128.6M	140.6M	123.52M	126.6M	124.47M	107.8M
Fixed Asset Turnover	1.47x	1.03x	2.10x	3.91x	6.48x	2.21x	2.83x	4.69x	4.90x	5.14x
Goodwill	137.49M	125.29M	93.76M	307.8M	296.2M	0	0	0	0	0
Intangible Assets	85.23M	76.14M	63.55M	282.16M	148.99M	132.52M	116.41M	101.94M	90.43M	79.25M
Long-Term Investments	12.05M	10.38M	10.48M	-5.92M	0	-17.67M	-16.46M	-21.26M	0	0
Other Non-Current Assets	-32.69M	-44.56M	-21.98M	6.39M	8.19M	3.31M	2.38M	1.56M	3.45M	2.57M
Total Assets+	658.43M	576.09M	578.86M	1.14B	850.89M	442.6M	381.61M	426.83M	401.98M	360.08M
Asset Turnover	0.73x	0.49x	0.94x	0.72x	0.98x	0.70x	0.92x	1.39x	1.52x	1.54x
Asset Growth %	-	-0.13%	0%	0.97%	-0.25%	-0.48%	-0.14%	0.12%	-0.06%	-0.1%
Total Current Liabilities+	42.19M	49.49M	286.42M	108.29M	61.22M	43.41M	56.45M	81M	82.75M	81.55M
Accounts Payable	18.44M	18.82M	29.64M	46.13M	35.49M	18.14M	28.68M	42.21M	33.38M	36.05M
Days Payables Outstanding	15.27	22.13	21.19	23.95	17.53	18.86	29.65	30.98	22.93	26.66
Short-Term Debt	10.63M	18.25M	241.51M	665K	0	844K	2.09M	2.27M	2.86M	3.58M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	4.13M	6.67M	2.31M	34.4M	12.05M	0	0	0	10.95M	7.3M
Current Ratio	2.31x	1.83x	0.51x	3.08x	4.39x	3.83x	2.47x	2.43x	2.22x	2.09x
Quick Ratio	1.98x	1.53x	0.44x	2.23x	3.40x	2.94x	1.72x	1.66x	1.56x	1.47x
Cash Conversion Cycle	40.64	75.83	61.55	95.18	55.32	71.12	82.29	79.77	67.76	64.54
Total Non-Current Liabilities+	263.56M	238.42M	5.08M	438.06M	399.8M	378.78M	364.43M	369.34M	354.86M	344.6M
Long-Term Debt	239.02M	226.29M	0	424.98M	392.06M	342.71M	332.31M	338.03M	320.52M	317.26M
Capital Lease Obligations	0	0	0	2.33M	2.2M	33.4M	30.5M	29.37M	32.59M	26.71M
Deferred Tax Liabilities	22.8M	10.64M	5.02M	5.92M	1.59M	17.67M	16.46M	21.26M	0	0
Other Non-Current Liabilities	1.75M	12.13M	5.08M	4.84M	3.96M	2.66M	1.61M	1.94M	1.75M	621K
Total Liabilities	305.76M	287.91M	291.5M	546.35M	461.02M	422.19M	420.88M	450.34M	437.61M	426.14M
Total Debt+	249.64M	244.53M	241.51M	427.97M	395.25M	384.25M	372.07M	377.8M	366.32M	358.79M
Net Debt	230.76M	240.46M	224M	364.36M	302.27M	315.39M	350.56M	360.36M	335.48M	330.91M
Debt / Equity	0.71x	0.85x	0.84x	0.72x	1.01x	18.83x	-	-	-	-
Debt / EBITDA	10.02x	-	45.96x	12.05x	-	-	122.96x	4.09x	5.18x	6.08x
Net Debt / EBITDA	9.26x	-	42.63x	10.26x	-	-	115.85x	3.90x	4.74x	5.61x
Interest Coverage	-4.31x	-5.85x	-3.63x	-1.27x	-4.59x	-10.42x	-1.54x	1.34x	0.34x	0.17x
Total Equity+	352.68M	288.19M	287.36M	594.82M	389.88M	20.41M	-39.27M	-23.51M	-35.63M	-66.06M
Equity Growth %	-	-0.18%	-0%	1.07%	-0.34%	-0.95%	-2.92%	0.4%	-0.52%	-0.85%
Book Value per Share	16.41	13.41	12.39	24.37	13.30	0.69	-1.30	-0.73	-1.07	-1.78
Total Shareholders' Equity	352.68M	288.19M	287.36M	594.82M	389.88M	20.41M	-39.27M	-23.51M	-35.63M	-66.06M
Common Stock	16K	16K	158K	302K	306K	316K	328K	332K	353K	423K
Retained Earnings	44.51M	-26.4M	-94.08M	-147.06M	-364.81M	-743.84M	-808.41M	-794.02M	-826.23M	-867.31M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-3.7M	-3.49M	-3.68M	-4.84M	-4.47M	-4.5M	-4.54M	-4.83M	-4.86M	-5.41M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	140.37M	-3.29M	5.67M	89.58M	101.31M	-4.9M	-40.42M	16.67M	45.51M	13.2M
Operating CF Margin %	0.29%	-0.01%	0.01%	0.11%	0.12%	-0.02%	-0.12%	0.03%	0.07%	0.02%
Operating CF Growth %	-	-1.02%	2.72%	14.8%	0.13%	-1.05%	-7.25%	1.41%	1.73%	-0.71%
Net Income	-39.12M	-70.91M	-67.68M	-52.98M	-217.75M	-378.95M	-64.58M	14.39M	-32.21M	-41.08M
Depreciation & Amortization	67.54M	64.34M	62.22M	63.81M	68.91M	57.8M	53.04M	48.92M	53.18M	50.03M
Stock-Based Compensation	5.47M	5.71M	7.57M	13.22M	14.06M	9.74M	5.41M	2.44M	2.17M	2.95M
Deferred Taxes	-15.84M	-12.16M	-5.82M	898K	-4.33M	-1.59M	0	0	0	0
Other Non-Cash Items	42.22M	19.9M	43.95M	83.17M	204.43M	270.85M	-9.29M	4.32M	10.79M	10.23M
Working Capital Changes	80.08M	-10.18M	-34.57M	-18.54M	35.99M	37.24M	-24.99M	-53.4M	11.58M	-8.93M
Change in Receivables	88.88M	2.07M	-52.18M	-24.97M	41.85M	52.91M	-22.54M	-41.11M	16.49M	6.72M
Change in Inventory	3.52M	-558K	-8.21M	-15.04M	22.55M	13.6M	-8.61M	-22.97M	5.22M	1.71M
Change in Payables	-24.14M	-2.4M	12.53M	27.16M	-27.9M	-25.46M	12.45M	0	1.06M	-2.09M
Cash from Investing+	-19.25M	-4.18M	-44.46M	-389.76M	-34.12M	-1.78M	-11.92M	-25.42M	-23.16M	-14.18M
Capital Expenditures	-26.73M	-9.13M	-45.22M	-46.65M	-64.96M	-9.42M	-15.41M	-28.55M	-24.6M	-14.76M
CapEx % of Revenue	0.06%	0.03%	0.08%	0.06%	0.08%	0.03%	0.04%	0.05%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.87M	4.95M	1.75M	6.87M	12.9M	7.64M	3.49M	3.13M	1.45M	585K
Cash from Financing+	-126.88M	-7.32M	52.34M	346.69M	-37.91M	-17.39M	5.05M	4.85M	-8.89M	-1.68M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-2.44M	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-17K	-297K	-1.32M	154.9M	-2M	-1.39M	-627K	-975K	-6.68M	-604K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	113.64M	-12.42M	-39.55M	42.93M	36.35M	-14.32M	-55.83M	-11.88M	20.91M	-1.57M
FCF Margin %	0.24%	-0.04%	-0.07%	0.05%	0.04%	-0.05%	-0.16%	-0.02%	0.03%	-0%
FCF Growth %	-	-1.11%	-2.18%	2.09%	-0.15%	-1.39%	-2.9%	0.79%	2.76%	-1.08%
FCF per Share	5.29	-0.58	-1.71	1.76	1.24	-0.48	-1.84	-0.37	0.63	-0.04
FCF Conversion (FCF/Net Income)	-3.59x	0.05x	-0.08x	-1.69x	-0.47x	0.01x	0.63x	1.16x	-1.41x	-0.32x
Interest Paid	0	0	0	5.98M	37.38M	34.42M	30.09M	29.71M	31.43M	43.94M
Taxes Paid	0	0	0	1.7M	517K	0	0	0	563K	525K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-11.09%	-22.13%	-23.52%	-12.01%	-44.23%	-184.72%	-	-	-	-
Return on Invested Capital (ROIC)	-5.48%	-11.2%	-8.22%	-2.89%	-16.6%	-55.91%	-11.59%	10.08%	4.14%	2.37%
Gross Margin	7.9%	-9.95%	6.06%	15%	11.29%	-12.93%	-1.03%	16.19%	12.82%	10.94%
Net Margin	-8.17%	-25.11%	-12.45%	-6.41%	-26.14%	-121.91%	-18.48%	2.43%	-5.28%	-7.41%
Debt / Equity	0.71x	0.85x	0.84x	0.72x	1.01x	18.83x	-	-	-	-
Interest Coverage	-4.31x	-5.85x	-3.63x	-1.27x	-4.59x	-10.42x	-1.54x	1.34x	0.34x	0.17x
FCF Conversion	-3.59x	0.05x	-0.08x	-1.69x	-0.47x	0.01x	0.63x	1.16x	-1.41x	-0.32x
Revenue Growth	-	-40.99%	92.55%	52.15%	0.7%	-62.68%	12.41%	69.82%	2.72%	-9.09%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Service Revenue	-	-	-	-	-	-	421.74M
Service Revenue Growth	-	-	-	-	-	-	-
Cement	-	-	-	114.18M	229.41M	224.76M	200.03M
Cement Growth	-	-	-	-	100.92%	-2.03%	-11.00%
Tools	-	-	-	100.8M	138.02M	145.29M	132.37M
Tools Growth	-	-	-	-	36.92%	5.27%	-8.90%
Tool Revenue	-	-	-	-	-	-	132.37M
Tool Revenue Growth	-	-	-	-	-	-	-
Wireline	-	-	-	72.44M	107.35M	116.92M	111.34M
Wireline Growth	-	-	-	-	48.20%	8.91%	-4.77%
Coiled Tubing	-	-	-	62M	118.6M	122.55M	110.37M
Coiled Tubing Growth	-	-	-	-	91.29%	3.33%	-9.94%
Service	-	-	-	248.62M	-	-	-
Service Growth	-	-	-	-	-	-	-
Product	-	-	-	100.8M	-	-	-
Product Growth	-	-	-	-	-	-	-
Completion Solutions	745.32M	774.66M	310.85M	-	-	-	-
Completion Solutions Growth	-	3.94%	-59.87%	-	-	-	-
Production Solutions	81.86M	58.27M	-	-	-	-	-
Production Solutions Growth	-	-28.81%	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	796.22M	814.64M	309.21M	347.44M	591.61M	602.34M	545.26M
UNITED STATES Growth	-	2.31%	-62.04%	12.37%	70.28%	1.81%	-9.48%
Non-US	30.95M	18.3M	1.65M	-	-	-	8.84M
Non-US Growth	-	-40.88%	-91.01%	-	-	-	-
Canada And Other	-	-	-	-	-	7.18M	-
Canada And Other Growth	-	-	-	-	-	-	-
CANADA	-	-	-	1.97M	1.77M	-	-
CANADA Growth	-	-	-	-	-10.44%	-	-

Frequently Asked Questions

Growth & Financials

Nine Energy Service, Inc. (NINE) reported $571.2M in revenue for fiscal year 2024. This represents a 19% increase from $478.5M in 2015.

Nine Energy Service, Inc. (NINE) saw revenue decline by 9.1% over the past year.

Nine Energy Service, Inc. (NINE) reported a net loss of $40.9M for fiscal year 2024.

Dividend & Returns

Nine Energy Service, Inc. (NINE) had negative free cash flow of $6.7M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Nine Energy Service, Inc. (NINE) 10-Year Financial Performance & Capital Metrics

NINE • • Industrial / General

EnergyOilfield ServicesCompletion & Production EquipmentCompletion Tools & Systems

Revenue $554M -9.1%
EBITDA $59M -16.7%
Net Income -$41M -27.5%
EPS (Diluted) -1.11 -14.4%
Gross Margin 10.94% -14.7%
EBITDA Margin 10.64% -8.3%
Operating Margin 1.61% -44.0%
Net Margin -7.41% -40.3%
ROE -
ROIC 2.37% -42.6%
Debt/Equity -
Interest Coverage 0.17 -49.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 8 (bottom 8%)
✗Sales declining 7.8% over 5 years
✗Shares diluted 11.7% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-7.83%

3Y16.61%

TTM2.59%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM3.77%

EPS CAGR

10Y-

5Y-

3Y-

TTM16.67%

ROCE

10Y Avg-11.67%

5Y Avg-11.4%

3Y Avg7.09%

Latest2.99%

Peer Comparison

Completion Tools & Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WHDCactus, Inc.	3.53B	51.28	18.51	3%	15.86%	12.41%	7.85%	0.03
NCSMNCS Multistage Holdings, Inc.	99.78M	39.27	15.40	14.1%	6.89%	9.64%	11.44%	0.13
TSTenaris S.A.	20.4B	40.40	5.58	-15.77%	16.91%	11.58%	10.6%	0.03
OMSEOMS Energy Technologies Inc.	197.81M	4.66	4.40	108.91%	22.01%	53.12%	19.03%	0.05
NINENine Energy Service, Inc.	17.99M	0.42	-0.37	-9.09%	-7.17%
BOOMDMC Global Inc.	152.58M	7.41	-0.90	-10.61%	-1.11%	-1.56%	19.21%	0.27
OISOil States International, Inc.	470.2M	7.87	-43.72	-11.47%	3.65%	3.48%	1.78%	0.22

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	478.52M	282.35M	543.66M	827.17M	832.94M	310.85M	349.42M	593.38M	609.53M	554.1M
Revenue Growth %	-	-0.41%	0.93%	0.52%	0.01%	-0.63%	0.12%	0.7%	0.03%	-0.09%
Cost of Goods Sold+	440.74M	310.45M	510.69M	703.11M	738.89M	351.06M	353.01M	497.34M	531.41M	493.51M
COGS % of Revenue	0.92%	1.1%	0.94%	0.85%	0.89%	1.13%	1.01%	0.84%	0.87%	0.89%
Gross Profit+	37.79M	-28.1M	32.97M	124.06M	94.05M	-40.2M	-3.59M	96.04M	78.12M	60.6M
Gross Margin %	0.08%	-0.1%	0.06%	0.15%	0.11%	-0.13%	-0.01%	0.16%	0.13%	0.11%
Gross Profit Growth %	-	-1.74%	2.17%	2.76%	-0.24%	-1.43%	0.91%	27.72%	-0.19%	-0.22%
Operating Expenses+	42.86M	39.39M	49.55M	75.99M	276.77M	342.96M	46.42M	52.47M	60.55M	51.66M
OpEx % of Revenue	0.09%	0.14%	0.09%	0.09%	0.33%	1.1%	0.13%	0.09%	0.1%	0.09%
Selling, General & Admin	42.86M	39.39M	49.55M	75.99M	81.33M	49.35M	45.3M	51.65M	59.82M	51.3M
SG&A % of Revenue	0.09%	0.14%	0.09%	0.09%	0.1%	0.16%	0.13%	0.09%	0.1%	0.09%
Research & Development	0	0	0	1.75M	0	0	0	0	0	0
R&D % of Revenue	-	-	-	0%	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	195.45M	293.62M	1.12M	821K	729K	360K
Operating Income+	-42.62M	-83.01M	-56.97M	-28.29M	-182.73M	-383.17M	-50.02M	43.57M	17.57M	8.94M
Operating Margin %	-0.09%	-0.29%	-0.1%	-0.03%	-0.22%	-1.23%	-0.14%	0.07%	0.03%	0.02%
Operating Income Growth %	-	-0.95%	0.31%	0.5%	-5.46%	-1.1%	0.87%	1.87%	-0.6%	-0.49%
EBITDA+	24.93M	-18.67M	5.25M	35.52M	-113.82M	-325.37M	3.03M	92.48M	70.75M	58.97M
EBITDA Margin %	0.05%	-0.07%	0.01%	0.04%	-0.14%	-1.05%	0.01%	0.16%	0.12%	0.11%
EBITDA Growth %	-	-1.75%	1.28%	5.76%	-4.2%	-1.86%	1.01%	29.56%	-0.23%	-0.17%
D&A (Non-Cash Add-back)	67.54M	64.34M	62.22M	63.81M	68.91M	57.8M	53.04M	48.92M	53.18M	50.03M
EBIT	-42.62M	-83.01M	-56.42M	-37.09M	-181.87M	-344.65M	-32.07M	47.42M	19.49M	10.44M
Net Interest Income+	-9.89M	-14.19M	-15.7M	-22.32M	-38.91M	-36.14M	-32.5M	-32.18M	-49.85M	-50.47M
Interest Income	0	0	0	0	860K	615K	26K	305K	1.27M	849K
Interest Expense	9.89M	14.19M	15.7M	22.32M	39.77M	36.76M	32.53M	32.49M	51.12M	51.32M
Other Income/Expense	-9.89M	-14.19M	-15.7M	-22.32M	-38.91M	1.76M	-14.59M	-28.63M	-49.2M	-49.82M
Pretax Income+	-52.51M	-97.2M	-72.67M	-50.61M	-221.64M	-381.41M	-64.6M	14.94M	-31.63M	-40.88M
Pretax Margin %	-0.11%	-0.34%	-0.13%	-0.06%	-0.27%	-1.23%	-0.18%	0.03%	-0.05%	-0.07%
Income Tax+	-14.32M	-26.29M	-4.99M	2.38M	-3.89M	-2.46M	-25K	546K	585K	198K
Effective Tax Rate %	0.75%	0.73%	0.93%	1.05%	0.98%	0.99%	1%	0.96%	1.02%	1%
Net Income+	-39.12M	-70.91M	-67.68M	-52.98M	-217.75M	-378.95M	-64.58M	14.39M	-32.21M	-41.08M
Net Margin %	-0.08%	-0.25%	-0.12%	-0.06%	-0.26%	-1.22%	-0.18%	0.02%	-0.05%	-0.07%
Net Income Growth %	-	-0.81%	0.05%	0.22%	-3.11%	-0.74%	0.83%	1.22%	-3.24%	-0.28%
Net Income (Continuing)	-38.18M	-70.91M	-67.68M	-52.98M	-217.75M	-378.95M	-64.58M	14.39M	-32.21M	-41.08M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.82	-3.30	-2.92	-2.17	-7.43	-12.74	-2.13	0.45	-0.97	-1.11
EPS Growth %	-	-0.81%	0.12%	0.26%	-2.42%	-0.71%	0.83%	1.21%	-3.16%	-0.14%
EPS (Basic)	-1.82	-3.30	-2.92	-2.17	-7.43	-12.74	-2.13	0.47	-0.97	-1.11
Diluted Shares Outstanding	21.49M	21.49M	23.18M	24.41M	29.31M	29.74M	30.3M	32.25M	33.28M	37.17M
Basic Shares Outstanding	21.49M	21.49M	23.18M	24.41M	29.31M	29.74M	30.3M	30.93M	33.28M	37.17M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	97.41M	90.71M	147.24M	333.18M	268.92M	166.16M	139.3M	196.72M	183.63M	170.46M
Cash & Short-Term Investments	18.88M	4.07M	17.51M	63.62M	92.99M	68.86M	21.51M	17.45M	30.84M	27.88M
Cash Only	18.88M	4.07M	17.51M	63.62M	92.99M	68.86M	21.51M	17.45M	30.84M	27.88M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	58.23M	61.99M	99.56M	162.41M	97.55M	42.63M	65.42M	106.02M	88.94M	81.44M
Days Sales Outstanding	44.41	80.13	66.85	71.66	42.75	50.05	68.34	65.21	53.26	53.65
Inventory	13.88M	15.17M	22.23M	91.44M	60.95M	38.4M	42.18M	62.05M	54.49M	50.78M
Days Inventory Outstanding	11.49	17.83	15.89	47.47	30.11	39.93	43.61	45.54	37.42	37.56
Other Current Assets	0	0	0	0	0	0	0	11.22M	9.37M	380K
Total Non-Current Assets+	561.02M	485.38M	431.62M	808M	581.98M	276.44M	242.31M	230.11M	218.35M	189.61M
Property, Plant & Equipment	325.89M	273.21M	259.04M	211.64M	128.6M	140.6M	123.52M	126.6M	124.47M	107.8M
Fixed Asset Turnover	1.47x	1.03x	2.10x	3.91x	6.48x	2.21x	2.83x	4.69x	4.90x	5.14x
Goodwill	137.49M	125.29M	93.76M	307.8M	296.2M	0	0	0	0	0
Intangible Assets	85.23M	76.14M	63.55M	282.16M	148.99M	132.52M	116.41M	101.94M	90.43M	79.25M
Long-Term Investments	12.05M	10.38M	10.48M	-5.92M	0	-17.67M	-16.46M	-21.26M	0	0
Other Non-Current Assets	-32.69M	-44.56M	-21.98M	6.39M	8.19M	3.31M	2.38M	1.56M	3.45M	2.57M
Total Assets+	658.43M	576.09M	578.86M	1.14B	850.89M	442.6M	381.61M	426.83M	401.98M	360.08M
Asset Turnover	0.73x	0.49x	0.94x	0.72x	0.98x	0.70x	0.92x	1.39x	1.52x	1.54x
Asset Growth %	-	-0.13%	0%	0.97%	-0.25%	-0.48%	-0.14%	0.12%	-0.06%	-0.1%
Total Current Liabilities+	42.19M	49.49M	286.42M	108.29M	61.22M	43.41M	56.45M	81M	82.75M	81.55M
Accounts Payable	18.44M	18.82M	29.64M	46.13M	35.49M	18.14M	28.68M	42.21M	33.38M	36.05M
Days Payables Outstanding	15.27	22.13	21.19	23.95	17.53	18.86	29.65	30.98	22.93	26.66
Short-Term Debt	10.63M	18.25M	241.51M	665K	0	844K	2.09M	2.27M	2.86M	3.58M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	4.13M	6.67M	2.31M	34.4M	12.05M	0	0	0	10.95M	7.3M
Current Ratio	2.31x	1.83x	0.51x	3.08x	4.39x	3.83x	2.47x	2.43x	2.22x	2.09x
Quick Ratio	1.98x	1.53x	0.44x	2.23x	3.40x	2.94x	1.72x	1.66x	1.56x	1.47x
Cash Conversion Cycle	40.64	75.83	61.55	95.18	55.32	71.12	82.29	79.77	67.76	64.54
Total Non-Current Liabilities+	263.56M	238.42M	5.08M	438.06M	399.8M	378.78M	364.43M	369.34M	354.86M	344.6M
Long-Term Debt	239.02M	226.29M	0	424.98M	392.06M	342.71M	332.31M	338.03M	320.52M	317.26M
Capital Lease Obligations	0	0	0	2.33M	2.2M	33.4M	30.5M	29.37M	32.59M	26.71M
Deferred Tax Liabilities	22.8M	10.64M	5.02M	5.92M	1.59M	17.67M	16.46M	21.26M	0	0
Other Non-Current Liabilities	1.75M	12.13M	5.08M	4.84M	3.96M	2.66M	1.61M	1.94M	1.75M	621K
Total Liabilities	305.76M	287.91M	291.5M	546.35M	461.02M	422.19M	420.88M	450.34M	437.61M	426.14M
Total Debt+	249.64M	244.53M	241.51M	427.97M	395.25M	384.25M	372.07M	377.8M	366.32M	358.79M
Net Debt	230.76M	240.46M	224M	364.36M	302.27M	315.39M	350.56M	360.36M	335.48M	330.91M
Debt / Equity	0.71x	0.85x	0.84x	0.72x	1.01x	18.83x	-	-	-	-
Debt / EBITDA	10.02x	-	45.96x	12.05x	-	-	122.96x	4.09x	5.18x	6.08x
Net Debt / EBITDA	9.26x	-	42.63x	10.26x	-	-	115.85x	3.90x	4.74x	5.61x
Interest Coverage	-4.31x	-5.85x	-3.63x	-1.27x	-4.59x	-10.42x	-1.54x	1.34x	0.34x	0.17x
Total Equity+	352.68M	288.19M	287.36M	594.82M	389.88M	20.41M	-39.27M	-23.51M	-35.63M	-66.06M
Equity Growth %	-	-0.18%	-0%	1.07%	-0.34%	-0.95%	-2.92%	0.4%	-0.52%	-0.85%
Book Value per Share	16.41	13.41	12.39	24.37	13.30	0.69	-1.30	-0.73	-1.07	-1.78
Total Shareholders' Equity	352.68M	288.19M	287.36M	594.82M	389.88M	20.41M	-39.27M	-23.51M	-35.63M	-66.06M
Common Stock	16K	16K	158K	302K	306K	316K	328K	332K	353K	423K
Retained Earnings	44.51M	-26.4M	-94.08M	-147.06M	-364.81M	-743.84M	-808.41M	-794.02M	-826.23M	-867.31M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-3.7M	-3.49M	-3.68M	-4.84M	-4.47M	-4.5M	-4.54M	-4.83M	-4.86M	-5.41M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	140.37M	-3.29M	5.67M	89.58M	101.31M	-4.9M	-40.42M	16.67M	45.51M	13.2M
Operating CF Margin %	0.29%	-0.01%	0.01%	0.11%	0.12%	-0.02%	-0.12%	0.03%	0.07%	0.02%
Operating CF Growth %	-	-1.02%	2.72%	14.8%	0.13%	-1.05%	-7.25%	1.41%	1.73%	-0.71%
Net Income	-39.12M	-70.91M	-67.68M	-52.98M	-217.75M	-378.95M	-64.58M	14.39M	-32.21M	-41.08M
Depreciation & Amortization	67.54M	64.34M	62.22M	63.81M	68.91M	57.8M	53.04M	48.92M	53.18M	50.03M
Stock-Based Compensation	5.47M	5.71M	7.57M	13.22M	14.06M	9.74M	5.41M	2.44M	2.17M	2.95M
Deferred Taxes	-15.84M	-12.16M	-5.82M	898K	-4.33M	-1.59M	0	0	0	0
Other Non-Cash Items	42.22M	19.9M	43.95M	83.17M	204.43M	270.85M	-9.29M	4.32M	10.79M	10.23M
Working Capital Changes	80.08M	-10.18M	-34.57M	-18.54M	35.99M	37.24M	-24.99M	-53.4M	11.58M	-8.93M
Change in Receivables	88.88M	2.07M	-52.18M	-24.97M	41.85M	52.91M	-22.54M	-41.11M	16.49M	6.72M
Change in Inventory	3.52M	-558K	-8.21M	-15.04M	22.55M	13.6M	-8.61M	-22.97M	5.22M	1.71M
Change in Payables	-24.14M	-2.4M	12.53M	27.16M	-27.9M	-25.46M	12.45M	0	1.06M	-2.09M
Cash from Investing+	-19.25M	-4.18M	-44.46M	-389.76M	-34.12M	-1.78M	-11.92M	-25.42M	-23.16M	-14.18M
Capital Expenditures	-26.73M	-9.13M	-45.22M	-46.65M	-64.96M	-9.42M	-15.41M	-28.55M	-24.6M	-14.76M
CapEx % of Revenue	0.06%	0.03%	0.08%	0.06%	0.08%	0.03%	0.04%	0.05%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.87M	4.95M	1.75M	6.87M	12.9M	7.64M	3.49M	3.13M	1.45M	585K
Cash from Financing+	-126.88M	-7.32M	52.34M	346.69M	-37.91M	-17.39M	5.05M	4.85M	-8.89M	-1.68M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-2.44M	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-17K	-297K	-1.32M	154.9M	-2M	-1.39M	-627K	-975K	-6.68M	-604K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	113.64M	-12.42M	-39.55M	42.93M	36.35M	-14.32M	-55.83M	-11.88M	20.91M	-1.57M
FCF Margin %	0.24%	-0.04%	-0.07%	0.05%	0.04%	-0.05%	-0.16%	-0.02%	0.03%	-0%
FCF Growth %	-	-1.11%	-2.18%	2.09%	-0.15%	-1.39%	-2.9%	0.79%	2.76%	-1.08%
FCF per Share	5.29	-0.58	-1.71	1.76	1.24	-0.48	-1.84	-0.37	0.63	-0.04
FCF Conversion (FCF/Net Income)	-3.59x	0.05x	-0.08x	-1.69x	-0.47x	0.01x	0.63x	1.16x	-1.41x	-0.32x
Interest Paid	0	0	0	5.98M	37.38M	34.42M	30.09M	29.71M	31.43M	43.94M
Taxes Paid	0	0	0	1.7M	517K	0	0	0	563K	525K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-11.09%	-22.13%	-23.52%	-12.01%	-44.23%	-184.72%	-	-	-	-
Return on Invested Capital (ROIC)	-5.48%	-11.2%	-8.22%	-2.89%	-16.6%	-55.91%	-11.59%	10.08%	4.14%	2.37%
Gross Margin	7.9%	-9.95%	6.06%	15%	11.29%	-12.93%	-1.03%	16.19%	12.82%	10.94%
Net Margin	-8.17%	-25.11%	-12.45%	-6.41%	-26.14%	-121.91%	-18.48%	2.43%	-5.28%	-7.41%
Debt / Equity	0.71x	0.85x	0.84x	0.72x	1.01x	18.83x	-	-	-	-
Interest Coverage	-4.31x	-5.85x	-3.63x	-1.27x	-4.59x	-10.42x	-1.54x	1.34x	0.34x	0.17x
FCF Conversion	-3.59x	0.05x	-0.08x	-1.69x	-0.47x	0.01x	0.63x	1.16x	-1.41x	-0.32x
Revenue Growth	-	-40.99%	92.55%	52.15%	0.7%	-62.68%	12.41%	69.82%	2.72%	-9.09%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Service Revenue	-	-	-	-	-	-	421.74M
Service Revenue Growth	-	-	-	-	-	-	-
Cement	-	-	-	114.18M	229.41M	224.76M	200.03M
Cement Growth	-	-	-	-	100.92%	-2.03%	-11.00%
Tools	-	-	-	100.8M	138.02M	145.29M	132.37M
Tools Growth	-	-	-	-	36.92%	5.27%	-8.90%
Tool Revenue	-	-	-	-	-	-	132.37M
Tool Revenue Growth	-	-	-	-	-	-	-
Wireline	-	-	-	72.44M	107.35M	116.92M	111.34M
Wireline Growth	-	-	-	-	48.20%	8.91%	-4.77%
Coiled Tubing	-	-	-	62M	118.6M	122.55M	110.37M
Coiled Tubing Growth	-	-	-	-	91.29%	3.33%	-9.94%
Service	-	-	-	248.62M	-	-	-
Service Growth	-	-	-	-	-	-	-
Product	-	-	-	100.8M	-	-	-
Product Growth	-	-	-	-	-	-	-
Completion Solutions	745.32M	774.66M	310.85M	-	-	-	-
Completion Solutions Growth	-	3.94%	-59.87%	-	-	-	-
Production Solutions	81.86M	58.27M	-	-	-	-	-
Production Solutions Growth	-	-28.81%	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	796.22M	814.64M	309.21M	347.44M	591.61M	602.34M	545.26M
UNITED STATES Growth	-	2.31%	-62.04%	12.37%	70.28%	1.81%	-9.48%
Non-US	30.95M	18.3M	1.65M	-	-	-	8.84M
Non-US Growth	-	-40.88%	-91.01%	-	-	-	-
Canada And Other	-	-	-	-	-	7.18M	-
Canada And Other Growth	-	-	-	-	-	-	-
CANADA	-	-	-	1.97M	1.77M	-	-
CANADA Growth	-	-	-	-	-10.44%	-	-

Frequently Asked Questions

Growth & Financials

Nine Energy Service, Inc. (NINE) reported $571.2M in revenue for fiscal year 2024. This represents a 19% increase from $478.5M in 2015.

Nine Energy Service, Inc. (NINE) saw revenue decline by 9.1% over the past year.

Nine Energy Service, Inc. (NINE) reported a net loss of $40.9M for fiscal year 2024.

Dividend & Returns

Nine Energy Service, Inc. (NINE) had negative free cash flow of $6.7M in fiscal year 2024, likely due to heavy capital investments.