National Energy Services Reunited Corp. (NESR) intrinsic value & 10-year financials
National Energy Services Reunited Corp. (NESR) has a Graham intrinsic value of $10.53 per share. At $18.73 on Oct 17, 2026, the stock trades 78% above that value. Over the last 5 fiscal years revenue grew 7.5% a year to $1.3B, with an average return on invested capital of 7.3%.
- Graham intrinsic value
- $10.53
- Share price (Oct 17, 2026)
- $18.73
- Price vs Graham value
- 78% above
- Market cap
- $1.9B
- Revenue (FY2025)
- $1.3B
- Revenue growth (5-yr CAGR)
- 7.5%
- ROIC (10-yr avg)
- 7.3%
- Free cash flow (FY2025)
- $120.8M
NESR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.3B | $51.1M | $0.52 | $120.8M | 7.4% | 7.4% |
| FY2024 | $1.3B | $76.3M | $0.80 | $124.2M | 10.6% | 9.6% |
| FY2023 | $1.1B | $12.6M | $0.13 | $108.8M | 7.0% | 5.0% |
| FY2022 | — | — | — | — | — | — |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
National Energy Services Reunited Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
National Energy Services Reunited Corp. has historically struggled to out-earn its cost of capital, averaging just 7.3% ROIC.
National Energy Services Reunited Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, National Energy Services Reunited Corp. is modeled at 7.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.53 per share.