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

National Energy Services Reunited brought in $1.3B of revenue in fiscal 2025, Slb $35.7B in fiscal 2025. Revenue changed by +1.7% at National Energy Services Reunited and -1.6% at Slb on the year before, so National Energy Services Reunited grew faster. National Energy Services Reunited kept 3.9% of its revenue as net profit, Slb 9.4%. Free cash flow was $120.8M at National Energy Services Reunited and $4.8B at Slb.

Side by side, latest fiscal year

NESRSLB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$35.7B
Revenue growth+1.7%-1.6%
Net income$51.1M$3.4B
Net margin3.9%9.4%
Free cash flow$120.8M$4.8B
Free cash flow margin9.1%13.4%
Earnings per share (diluted)$0.52$2.35
Cash$124.8M$3B
Debt$255.9M$9.7B
Price to earnings61.821.9
Market value$3.2B$76.5B
Dividend yieldn/an/a
Rank by revenue in sector#71 of 129 · Energy#10 of 129 · Energy

Over the years

Revenue
NESR FY2020: $834.2MNESR FY2022: $876.7MNESR FY2022: $909.5MNESR FY2023: $1.1BNESR FY2024: $1.3BNESR FY2025: $1.3BSLB FY2018: $32.8BSLB FY2019: $32.9BSLB FY2020: $23.6BSLB FY2021: $22.9BSLB FY2022: $28.1BSLB FY2023: $33.1BSLB FY2024: $36.3BSLB FY2025: $35.7BFY18FY19FY20FY21FY22FY23FY24FY25
NESR $1.3BSLB $35.7B
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: $51.1MSLB FY2018: $2.1BSLB FY2019: -$10.1BSLB FY2020: -$10.5BSLB FY2021: $1.9BSLB FY2022: $3.4BSLB FY2023: $4.2BSLB FY2024: $4.5BSLB FY2025: $3.4BFY17FY18FY19FY20FY21FY22FY23FY24FY25
NESR $51.1MSLB $3.4B
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%SLB FY2018: 6.5%SLB FY2019: -30.8%SLB FY2020: -44.6%SLB FY2021: 8.2%SLB FY2022: 12.2%SLB FY2023: 12.7%SLB FY2024: 12.3%SLB FY2025: 9.4%FY18FY19FY20FY21FY22FY23FY24FY25
NESR 3.9%SLB 9.4%
Revenue growth
NESR FY2022: +5.1%NESR FY2022: +3.7%NESR FY2023: +26.0%NESR FY2024: +13.6%NESR FY2025: +1.7%SLB FY2019: +0.3%SLB FY2020: -28.3%SLB FY2021: -2.8%SLB FY2022: +22.5%SLB FY2023: +18.0%SLB FY2024: +9.5%SLB FY2025: -1.6%FY19FY20FY21FY22FY23FY24FY25
NESR +1.7%SLB -1.6%
Free cash flow
NESR FY2022: $20.7MNESR FY2022: -$29.8MNESR FY2023: $108.8MNESR FY2024: $124.2MNESR FY2025: $120.8MSLB FY2018: $3.6BSLB FY2019: $3.7BSLB FY2020: $1.8BSLB FY2021: $3.5BSLB FY2022: $2.1BSLB FY2023: $4.7BSLB FY2024: $4.7BSLB FY2025: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25
NESR $120.8MSLB $4.8B

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

Questions about National Energy Services Reunited and Slb

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

Slb is bigger by revenue: $35.7B 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 Slb?

National Energy Services Reunited had a net margin of 3.9% in fiscal 2025; Slb had 9.4% in fiscal 2025.

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

In their latest fiscal years revenue changed by +1.7% at National Energy Services Reunited and -1.6% at Slb.

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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