Stock Ratings / Energy / NESR / financials

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National Energy Services Reunited Corp (NESR) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$21.43 -1.43% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $21.33

National Energy Services Reunited Corp (NESR) carries a Roarable Rating of C (Hold) with 63/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY) →

ROARABLE C • HOLD / WATCH Cap $2.16B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $21.33 (-0.45%)🧬 Cannibal Buyback (-1.24% YoY Shares)⚙️ Cash Engine: 13/20 (C) • 20% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY • 54.8% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk B

Each axis scored 0–20

12M PRICE TARGET CONE+2.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NESR)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (63/100 Composite)

🔍 WHY NESR SCORES 63/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+18/20 pts (29% of score)

FRED Regime × Technicals: 38% of 52W Range • RSI-14 at 40 (NEUTRAL RANGE)

▲ #2 Bullish Driver: Cash Engine Quality+13/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 20% FCF Margin ($264.2M FCF) & 12.4% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning9/20 pts (-11 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-11 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade B$22.78-17.8% Next Q

Q2 (-2Q)

Grade B-$18.73+9.2% Next Q

Q3 (-1Q)

Grade B-$20.46+4.7% Next Q

Current

Grade C$21.43+0.9% Hist 90D α

Trajectory: B (71) → C (63)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the NESR Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 63/100 (C) score, NESR faces multiple-compression risk if 42.3x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Priced at 42x earnings—high expectations leave less room for a lukewarm quarter.

⚠️ Forensic Kill-Switch #2

Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($27.89) or 200D SMA ($25.56) invalidates the momentum regime and cuts Target Base ($21.91) toward Bear Floor ($17.09).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $NESR• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “NESR Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 63%NO 37%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How NESR Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$264.2M (20% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $1.15B

FY24

Rev $1.30B

FY25

Rev $1.32B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$1.32B	12.4%	7.4%	$51.1M	$264.2M	7.5%
FY 2024	$1.30B	16%	10.6%	$76.3M	$229.3M	10.3%
FY 2023	$1.15B	12.4%	7%	$12.6M	$177.0M	7.5%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NESR)

✓Walkthrough of NESR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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Join Founding VIP Waitlist (No Card Required) →$100K Arena

NESR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -14.07%📐 HORIZONTAL RANGE

2026-10-30O $20.79H $21.43L $20.61C $21.43VOL 1.48M

RES: $44.84SUP: $17.99SMA50: $27.89SMA200: $25.56

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NESR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NESR Butterfly Map → + Track NESR →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

31.9%/yr Implied 5Y Growth

vs. +1.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on NESR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NESR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for NESR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NESR)

Energy Rank #79 of 211 ⚔️ XPRO vs NESR Full Matrix →

1. Head-to-Head Energy Peer Comparison (NESR vs. XPRO, WTTR, LBRT, HOS)

Industry: Oilfield Services/Equipment (20 Tracked Issuers)

Across 211 tracked Energy securities in the Roarable RQD universe, National Energy Services Reunited Corp (NESR) ranks #79 by composite RQD confidence (63/100, grade C) and #116 by equity capitalization ($2.16B). Within this direct 5-issuer industry benchmark cohort, LBRT leads on earnings valuation at 19.2x trailing P/E, while NESR leads on capital efficiency and profitability with 7.5% ROIC and 12.4% gross margin. NESR currently leads its immediate peer cohort in composite quantitative strength at 63/100 (C).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
NESR ACTIVE National Energy Services Reunited Corp	C	63/100	42.3x	12.4%	7.5%	-1.43%	$2.16B	Benchmark Subject
XPRO Expro Ltd	D	49/100	—	—	—	-1.48%	$1.97B	/xpro-vs-nesr →
WTTR Select Water Solutions Inc. (Class A)	D-	39/100	130.0x	14.4%	2.1%	+0.50%	$2.76B	/wttr-vs-nesr →
LBRT Liberty Energy Inc. (Class A)	C	62/100	19.2x	20.9%	2.5%	-1.14%	$2.84B	/lbrt-vs-nesr →
HOS Hornbeck Offshore Services Inc.	C	62/100	51.7x	12.3%	3.5%	+1.27%	$1.60B	/hos-vs-nesr →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001698514

In its most recent audited fiscal period (FY2025, filed 2025-12-31), National Energy Services Reunited Corp (NESR) reported GAAP revenue of $1.32B (+1.7% vs. FY2024 revenue of $1.30B , and +15.5% cumulative change since FY2023) , GAAP net income of $51.1M, operating cash flow of $264.2M, and free cash flow of $264.2M (+15.2% YoY). On the balance sheet, NESR closed FY2025 with $1.85B in total assets against $191.4M in total debt (Altman Z-Score: 2.42, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$1.32B	$51.1M	$264.2M	$264.2M	$1.85B	$191.4M
FY2024 (FY)	2024-12-31	$1.30B	$76.3M	$229.3M	$229.3M	$1.77B	$254.4M
FY2023 (FY)	2023-12-31	$1.15B	$12.6M	$177.0M	$177.0M	—	—

3. NESR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NESR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, National Energy Services Reunited Corp (NASDAQ: NESR) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 63/100 at a spot price of $21.43 (-1.43% 1D, market cap $2.16B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 9/20, Executive Insider Alignment 11/20, FRED Macro Regime Fit 18/20, and SEC Balance-Sheet Forensics 12/20. Across 211 tracked Energy issuers, NESR ranks #79 in composite RQD confidence.

How does NESR compare to XPRO and WTTR in the Energy sector?

Within the Energy sector (Oilfield Services/Equipment), NESR carries a Roarable C (63/100 RQD), trailing P/E of 42.3x, gross margin of 12.4%, and ROIC of 7.5%. By comparison, XPRO (Expro Ltd) holds a D grade (49/100 RQD, P/E N/A, ROIC —, cap $1.97B) and WTTR (Select Water Solutions Inc. (Class A)) posts a D- grade (39/100 RQD, P/E 130.0x, ROIC 2.1%, cap $2.76B). Among the 5-stock peer group, LBRT leads on earnings multiple (19.2x) while NESR leads on capital efficiency (7.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NESR?

Per NESR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001698514), National Energy Services Reunited Corp generated $1.32B in revenue (+1.7% YoY), $51.1M in net income, and $264.2M in free cash flow against $1.85B in total assets and $191.4M in total debt. Key quantitative strengths: Established market leader in Energy with deep daily trading liquidity.. Primary risk factors monitored: Priced at 42x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NESR trading relative to its 50-day, 200-day, and 52-week technical levels?

NESR last traded at $21.43 (-1.43% on volume of 1,240,827 shares), positioning the stock -23.16% below its 50-day simple moving average ($27.89) and -16.16% below its 200-day simple moving average ($25.56). Across its 52-week range of $11.84 to $36.94, NESR sits at the 38.2% percentile with a 14-day RSI of 40.0 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($18.75 to $24.11).

NESR Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is National Energy Services Reunited Corp (NESR)?

In FY 2025 (10-K), NESR converted $1.3B of revenue into a 12.4% gross margin, 7.4% operating margin, and $264.2M in free cash flow (20% FCF margin).

Direct Sub-Reports: NESR RQD Cockpit NESR 12M Forecast NESR Earnings & Move NESR Dividends & DRIP NESR Insiders & 13F NESR Whale Options NESR Profit Sankey NESR News & Why