Nine Energy Service, Inc. (NINE) Revenue History
Annual and quarterly revenue from 2015 to present
NINE Revenue Over Time (2015–2025)
NINE Revenue Growth History
7 of 10 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- -41.0%
- FY2017 revenue growth
- +92.5%
- FY2018 revenue growth
- +52.1%
- FY2019 revenue growth
- +0.7%
- FY2020 revenue growth
- -62.7%
- FY2021 revenue growth
- +12.4%
- FY2022 revenue growth
- +69.8%
- FY2023 revenue growth
- +2.7%
- FY2024 revenue growth
- -9.1%
- FY2025 revenue growth
- +1.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $130.0M | -13.6% |
| Q4 2025 | $132.2M | -6.5% |
| Q3 2025 | $132.0M | -4.4% |
| Q2 2025 | $147.3M | +11.2% |
| Q1 2025 | $150.5M | +5.9% |
| Q4 2024 | $141.4M | -1.8% |
| Q3 2024 | $138.2M | -1.7% |
| Q2 2024 | $132.4M | -18.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
NINE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NINE Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 22, 2026, Nine Energy Service, Inc. (NINE) generated trailing twelve-month (TTM) revenue of $541.4 million, reflecting significant decline in growth of -13.6% year-over-year. The most recent quarter (Q1 2026) recorded $130.0 million in revenue, down 1.6% sequentially.
Historical Growth Trajectory
NINE's 5-year compound annual growth rate (CAGR) stands at +12.6%, indicating consistent double-digit revenue growth. The 3-year CAGR of -1.8% is below the 5-year average, signalling a growth deceleration in recent years. Nine Energy Service, Inc.'s highest annual revenue of $832.9 million was recorded in 2019.
Revenue by Segment
NINE's revenue is primarily driven by Service Revenue (38%), Cement (19%), and Tool Revenue (12%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Energy sector peers — including PUMP (-15.6% YoY), ACDC (-18.9% YoY), and WTTR (-4.2% YoY) — NINE has underperformed the peer group in revenue growth. Compare NINE vs PUMP →
NINE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NINECurrent | $541M | -13.6% | +12.6% | 0.1% | |
 PUMP | $1.3B | -15.6% | +10.0% | 1.5% | |
 ACDC | $1.9B | -18.9% | +28.8% | -6.9% | |
 WTTR | $1.4B | -4.2% | +18.4% | 2.5% | |
 KLXE | $637M | -8.9% | +18.1% | -4.8% | |
 SLB | $35.7B | -1.6% | +8.6% | 15.3% |
NINE Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $561.9M | +1.4% | $60.2M | 10.7% | $416K | 0.1% |
| 2024 | $554.1M | -9.1% | $60.6M | 10.9% | $8.9M | 1.6% |
| 2023 | $609.5M | +2.7% | $78.1M | 12.8% | $17.6M | 2.9% |
| 2022 | $593.4M | +69.8% | $96.0M | 16.2% | $43.6M | 7.3% |
| 2021 | $349.4M | +12.4% | $-3,594,000 | -1.0% | $-50,015,000 | -14.3% |
| 2020 | $310.9M | -62.7% | $-40,204,000 | -12.9% | $-383,165,000 | -123.3% |
| 2019 | $832.9M | +0.7% | $94.0M | 11.3% | $-182,728,000 | -21.9% |
| 2018 | $827.2M | +52.1% | $124.1M | 15.0% | $-28,293,000 | -3.4% |
| 2017 | $543.7M | +92.5% | $33.0M | 6.1% | $-56,966,000 | -10.5% |
| 2016 | $282.4M | -41.0% | $-28,098,000 | -10.0% | $-83,012,000 | -29.4% |
| 2015 | $478.5M | - | $37.8M | 7.9% | $-42,619,000 | -8.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NINE — Frequently Asked Questions
Quick answers to the most common questions about buying NINE stock.
Is NINE's revenue growth accelerating or slowing?
NINE revenue is declining -13.6% year-over-year. TTM revenue fell to $541M, contrasting with the 5-year CAGR of +12.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is NINE's revenue history from 2015 to 2026?
Nine Energy Service, Inc. (NINE) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $541M, growing at -13.6% YoY. The 5-year CAGR is +12.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NINE's long-term revenue growth rate (CAGR)?
Nine Energy Service, Inc.'s 5-year revenue CAGR of +12.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -13.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NINE.
Why does NINE's quarterly revenue fluctuate?
NINE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Nine Energy Service, Inc.'s revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is NINE's revenue distributed by segment?
NINE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NINE's revenue compare to industry peers?
Nine Energy Service, Inc. (NINE) with TTM revenue of $541M and -13.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.