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National Energy Services Valuation Multiples
Discover revenue and EBITDA valuation multiples for National Energy Services and similar public comparables like Headwater Exploration, Genesis Energy, Mach Natural Resources, Maurel & Prom and more.
National Energy Services Overview
About National Energy Services
National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are majorly derived from production services of an oil or natural gas well. It derives maximum revenue from Production services segment.
Founded
2017
HQ
Employees
6.6K
Website
Sectors
Financials (LTM)
EV
$2B
National Energy Services Financials
National Energy Services reported last 12-month revenue of $1B and EBITDA of $307M.
In the same LTM period, National Energy Services generated $265M in gross profit, $307M in EBITDA, and $78M in net income.
Revenue (LTM)
National Energy Services P&L
In the most recent fiscal year, National Energy Services reported revenue of $1B and EBITDA of $235M.
National Energy Services expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $265M | XXX | $165M | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 12% | XXX | XXX | XXX |
| EBITDA | $307M | XXX | $235M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $78M | XXX | $51M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $185M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
National Energy Services Stock Performance
National Energy Services has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
National Energy Services' stock price is $22.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | -0.1% | XXX | XXX | XXX | $0.51 |
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Start Free TrialNational Energy Services Valuation Multiples
National Energy Services trades at 1.7x EV/Revenue multiple, and 7.9x EV/EBITDA.
EV / Revenue (LTM)
National Energy Services Financial Valuation Multiples
As of April 3, 2026, National Energy Services has market cap of $2B and EV of $2B.
Equity research analysts estimate National Energy Services' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
National Energy Services has a P/E ratio of 28.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 7.9x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBIT | 18.6x | XXX | 24.7x | XXX | XXX | XXX |
| EV/Gross Profit | 9.1x | XXX | 14.7x | XXX | XXX | XXX |
| P/E | 28.4x | XXX | 43.4x | XXX | XXX | XXX |
| EV/FCF | 17.4x | XXX | 20.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified National Energy Services Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
National Energy Services Margins & Growth Rates
National Energy Services' revenue in the last 12 month grew by 31%.
National Energy Services' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
National Energy Services Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 31% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 32% | XXX | (16%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
National Energy Services Public Comps
See public comps and valuation multiples for other Energy Equipment and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Headwater Exploration | XXX | XXX | XXX | XXX | XXX | XXX |
| Genesis Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Mach Natural Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Maurel & Prom | XXX | XXX | XXX | XXX | XXX | XXX |
| Talos Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
National Energy Services M&A Activity
National Energy Services acquired XXX companies to date.
Last acquisition by National Energy Services was on XXXXXXXX, XXXXX. National Energy Services acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by National Energy Services
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNational Energy Services Investment Activity
National Energy Services invested in XXX companies to date.
National Energy Services made its latest investment on XXXXXXXX, XXXXX. National Energy Services invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by National Energy Services
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout National Energy Services
| When was National Energy Services founded? | National Energy Services was founded in 2017. |
| Where is National Energy Services headquartered? | National Energy Services is headquartered in United States. |
| How many employees does National Energy Services have? | As of today, National Energy Services has over 6K employees. |
| Who is the CEO of National Energy Services? | National Energy Services' CEO is Sherif Foda. |
| Is National Energy Services publicly listed? | Yes, National Energy Services is a public company listed on Nasdaq. |
| What is the stock symbol of National Energy Services? | National Energy Services trades under NESR ticker. |
| When did National Energy Services go public? | National Energy Services went public in 2017. |
| Who are competitors of National Energy Services? | National Energy Services main competitors are Headwater Exploration, Genesis Energy, Mach Natural Resources, Maurel & Prom. |
| What is the current market cap of National Energy Services? | National Energy Services' current market cap is $2B. |
| What is the current revenue of National Energy Services? | National Energy Services' last 12 months revenue is $1B. |
| What is the current revenue growth of National Energy Services? | National Energy Services revenue growth (NTM/LTM) is 31%. |
| What is the current EV/Revenue multiple of National Energy Services? | Current revenue multiple of National Energy Services is 1.7x. |
| Is National Energy Services profitable? | Yes, National Energy Services is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of National Energy Services? | National Energy Services' last 12 months EBITDA is $307M. |
| What is National Energy Services' EBITDA margin? | National Energy Services' last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of National Energy Services? | Current EBITDA multiple of National Energy Services is 7.9x. |
| What is the current FCF of National Energy Services? | National Energy Services' last 12 months FCF is $139M. |
| What is National Energy Services' FCF margin? | National Energy Services' last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of National Energy Services? | Current FCF multiple of National Energy Services is 17.4x. |
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