National Energy Services Reunited annual free cash flow
2022
2023
2024
2025
National Energy Services Reunited Free Cash Flow (FCF) History (NESR)
National Energy Services Reunited reported $120.8M in free cash flow for fiscal 2025, a decrease of 2.77% from the previous fiscal year, with a free cash flow margin of 9.12%.
View full National Energy Services Reunited company overviewNational Energy Services Reunited free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $120.8M | −$3.4M | −2.77% | +9.12% |
| 2024 | 2024-12-31 | $124.2M | $15.5M | +14.21% | +9.54% |
| 2023 | 2023-12-31 | $108.8M | $138.6M | — | +9.49% |
| 2022 | 2022-12-31 | −$29.8M | — | — | −3.28% |
National Energy Services Reunited quarterly free cash flow
Q3.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $99.9M | $31.2M | +45.34% | +19.19% |
| Q1 2026 | 2026-03-31 | −$5.3M | $4.4M | — | −1.30% |
| Q4 2025 | 2025-12-31 | $95.8M | $74.5M | +351.51% | +24.04% |
| Q3 2025 | 2025-09-30 | −$34.1M | −$77.5M | — | −11.54% |
| Q2 2025 | 2025-06-30 | $68.7M | $40.4M | +142.30% | +21.00% |
| Q1 2025 | 2025-03-31 | −$9.6M | −$40.9M | — | −3.18% |
| Q4 2024 | 2024-12-31 | $21.2M | −$19.0M | −47.26% | +6.17% |
| Q3 2024 | 2024-09-30 | $43.4M | — | — | +12.92% |
| Q2 2024 | 2024-06-30 | $28.4M | — | — | +8.73% |
| Q1 2024 | 2024-03-31 | $31.2M | — | — | +10.51% |
| Q3 2023 | 2023-09-30 | $40.2M | — | — | +13.40% |
National Energy Services Reunited free cash flow growth trends
National Energy Services Reunited's latest reported quarter, Q2 2026, generated $99.9M in free cash flow, an increase of 45.34% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review National Energy Services Reunited filings at SEC.gov ↗