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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and National Energy Services Reunited Corp. (NESR). Click either name above to swap in a different company.

National Energy Services Reunited Corp. is the larger business by last-quarter revenue ($295.3M vs $225.3M, roughly 1.3× ASIA PACIFIC WIRE & CABLE CORP LTD).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

National Energy Services Reunited Corp. is a leading integrated oilfield services provider offering a full suite of solutions covering well construction, completion, production, and intervention services for upstream oil and gas operators. Its core markets cover the Middle East, North Africa, and East Asia, serving both national oil companies and international energy clients.

APWC vs NESR — Head-to-Head

Bigger by revenue
NESR
NESR
1.3× larger
NESR
$295.3M
$225.3M
APWC

Income Statement — Q2 FY2022 vs Q3 FY2025

Metric
APWC
APWC
NESR
NESR
Revenue
$225.3M
$295.3M
Net Profit
$17.7M
Gross Margin
7.9%
12.0%
Operating Margin
2.2%
6.6%
Net Margin
6.0%
Revenue YoY
-12.2%
Net Profit YoY
-14.0%
EPS (diluted)
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
NESR
NESR
Q3 25
$295.3M
Q2 25
$327.4M
Q1 25
$303.1M
Q3 24
$336.2M
Q2 24
$325.0M
Q2 22
$225.3M
Net Profit
APWC
APWC
NESR
NESR
Q3 25
$17.7M
Q2 25
$15.2M
Q1 25
$10.4M
Q3 24
$20.6M
Q2 24
$18.9M
Q2 22
Gross Margin
APWC
APWC
NESR
NESR
Q3 25
12.0%
Q2 25
13.4%
Q1 25
12.4%
Q3 24
15.9%
Q2 24
16.4%
Q2 22
7.9%
Operating Margin
APWC
APWC
NESR
NESR
Q3 25
6.6%
Q2 25
8.3%
Q1 25
6.9%
Q3 24
10.5%
Q2 24
10.5%
Q2 22
2.2%
Net Margin
APWC
APWC
NESR
NESR
Q3 25
6.0%
Q2 25
4.6%
Q1 25
3.4%
Q3 24
6.1%
Q2 24
5.8%
Q2 22
EPS (diluted)
APWC
APWC
NESR
NESR
Q3 25
$0.18
Q2 25
$0.16
Q1 25
$0.11
Q3 24
$0.22
Q2 24
$0.20
Q2 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$69.7M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$956.7M
Total Assets
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
NESR
NESR
Q3 25
$69.7M
Q2 25
$131.8M
Q1 25
$78.7M
Q3 24
$118.2M
Q2 24
$75.0M
Q2 22
Total Debt
APWC
APWC
NESR
NESR
Q3 25
$274.1M
Q2 25
$291.7M
Q1 25
$309.2M
Q3 24
$358.7M
Q2 24
$376.7M
Q2 22
Stockholders' Equity
APWC
APWC
NESR
NESR
Q3 25
$956.7M
Q2 25
$936.9M
Q1 25
$920.5M
Q3 24
$873.5M
Q2 24
$851.4M
Q2 22
Total Assets
APWC
APWC
NESR
NESR
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Q2 22
Debt / Equity
APWC
APWC
NESR
NESR
Q3 25
0.29×
Q2 25
0.31×
Q1 25
0.34×
Q3 24
0.41×
Q2 24
0.44×
Q2 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
NESR
NESR
Operating Cash FlowLast quarter
$6.7M
Free Cash FlowOCF − Capex
$-34.1M
FCF MarginFCF / Revenue
-11.5%
Capex IntensityCapex / Revenue
13.8%
Cash ConversionOCF / Net Profit
0.38×
TTM Free Cash FlowTrailing 4 quarters
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
NESR
NESR
Q3 25
$6.7M
Q2 25
$98.5M
Q1 25
$20.5M
Q3 24
$70.8M
Q2 24
Q2 22
Free Cash Flow
APWC
APWC
NESR
NESR
Q3 25
$-34.1M
Q2 25
$68.7M
Q1 25
$-9.6M
Q3 24
$43.4M
Q2 24
Q2 22
FCF Margin
APWC
APWC
NESR
NESR
Q3 25
-11.5%
Q2 25
21.0%
Q1 25
-3.2%
Q3 24
12.9%
Q2 24
Q2 22
Capex Intensity
APWC
APWC
NESR
NESR
Q3 25
13.8%
Q2 25
9.1%
Q1 25
9.9%
Q3 24
8.1%
Q2 24
Q2 22
Cash Conversion
APWC
APWC
NESR
NESR
Q3 25
0.38×
Q2 25
6.48×
Q1 25
1.97×
Q3 24
3.43×
Q2 24
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

NESR
NESR

Production Services$174.4M59%
Drilling And Evaluation Services$120.9M41%

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