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National Energy Services Reunited vs Rpc: revenue, profit, margins and growth compared

National Energy Services Reunited brought in $1.3B of revenue in fiscal 2025, Rpc $1.6B in fiscal 2025. Revenue changed by +1.7% at National Energy Services Reunited and +15.0% at Rpc on the year before, so Rpc grew faster. National Energy Services Reunited kept 3.9% of its revenue as net profit, Rpc 2.0%. Free cash flow was $120.8M at National Energy Services Reunited and $52.9M at Rpc.

Side by side, latest fiscal year

NESRRES
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$1.6B
Revenue growth+1.7%+15.0%
Net income$51.1M$32.1M
Net margin3.9%2.0%
Free cash flow$120.8M$52.9M
Free cash flow margin9.1%3.3%
Earnings per share (diluted)$0.52$0.15
Cash$124.8M$210M
Debt$255.9Mn/a
Price to earnings61.838.9
Market value$3.2B$1.3B
Dividend yieldn/a2.74%
Rank by revenue in sector#71 of 129 · Energy#64 of 129 · Energy

Over the years

Revenue
NESR FY2020: $834.2MNESR FY2022: $876.7MNESR FY2022: $909.5MNESR FY2023: $1.1BNESR FY2024: $1.3BNESR FY2025: $1.3BRES FY2018: $1.7BRES FY2019: $1.2BRES FY2020: $598.3MRES FY2021: $864.9MRES FY2022: $1.6BRES FY2023: $1.6BRES FY2024: $1.4BRES FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
NESR $1.3BRES $1.6B
Net income
NESR FY2017: $28.4MNESR FY2019: $39.4MNESR FY2020: $16.6MNESR FY2022: -$64.6MNESR FY2022: -$36.4MNESR FY2023: $12.6MNESR FY2024: $76.3MNESR FY2025: $51.1MRES FY2018: $175.4MRES FY2019: -$87.1MRES FY2020: -$212.2MRES FY2021: $7.2MRES FY2022: $218.4MRES FY2023: $195.1MRES FY2024: $91.4MRES FY2025: $32.1MFY17FY18FY19FY20FY21FY22FY23FY24FY25
NESR $51.1MRES $32.1M
Net margin
NESR FY2020: 2.0%NESR FY2022: -7.4%NESR FY2022: -4.0%NESR FY2023: 1.1%NESR FY2024: 5.9%NESR FY2025: 3.9%RES FY2018: 10.2%RES FY2019: -7.1%RES FY2020: -35.5%RES FY2021: 0.8%RES FY2022: 13.6%RES FY2023: 12.1%RES FY2024: 6.5%RES FY2025: 2.0%FY18FY19FY20FY21FY22FY23FY24FY25
NESR 3.9%RES 2.0%
Revenue growth
NESR FY2022: +5.1%NESR FY2022: +3.7%NESR FY2023: +26.0%NESR FY2024: +13.6%NESR FY2025: +1.7%RES FY2019: -29.0%RES FY2020: -51.1%RES FY2021: +44.6%RES FY2022: +85.2%RES FY2023: +1.0%RES FY2024: -12.5%RES FY2025: +15.0%FY19FY20FY21FY22FY23FY24FY25
NESR +1.7%RES +15.0%
Free cash flow
NESR FY2022: $20.7MNESR FY2022: -$29.8MNESR FY2023: $108.8MNESR FY2024: $124.2MNESR FY2025: $120.8MRES FY2018: $146.4MRES FY2019: -$41.5MRES FY2020: $12.9MRES FY2021: -$19.9MRES FY2022: $61.7MRES FY2023: $213.8MRES FY2024: $129.5MRES FY2025: $52.9MFY18FY19FY20FY21FY22FY23FY24FY25
NESR $120.8MRES $52.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about National Energy Services Reunited and Rpc

Which is bigger by revenue, National Energy Services Reunited or Rpc?

Rpc is bigger by revenue: $1.6B in fiscal 2025, against $1.3B for National Energy Services Reunited in fiscal 2025.

Which keeps more of its revenue as profit, National Energy Services Reunited or Rpc?

National Energy Services Reunited had a net margin of 3.9% in fiscal 2025; Rpc had 2.0% in fiscal 2025.

Which grew revenue faster, National Energy Services Reunited or Rpc?

In their latest fiscal years revenue changed by +1.7% at National Energy Services Reunited and +15.0% at Rpc.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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