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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) 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 $196.0M, roughly 1.5× Axsome Therapeutics, Inc.). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs -14.6%, a 20.6% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -12.2%). Axsome Therapeutics, Inc. produced more free cash flow last quarter ($-18.7M vs $-34.1M).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

AXSM vs NESR — Head-to-Head

Bigger by revenue
NESR
NESR
1.5× larger
NESR
$295.3M
$196.0M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+77.2% gap
AXSM
65.0%
-12.2%
NESR
Higher net margin
NESR
NESR
20.6% more per $
NESR
6.0%
-14.6%
AXSM
More free cash flow
AXSM
AXSM
$15.3M more FCF
AXSM
$-18.7M
$-34.1M
NESR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AXSM
AXSM
NESR
NESR
Revenue
$196.0M
$295.3M
Net Profit
$-28.6M
$17.7M
Gross Margin
12.0%
Operating Margin
-13.8%
6.6%
Net Margin
-14.6%
6.0%
Revenue YoY
65.0%
-12.2%
Net Profit YoY
61.9%
-14.0%
EPS (diluted)
$-0.55
$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
AXSM
AXSM
NESR
NESR
Q4 25
$196.0M
Q3 25
$171.0M
$295.3M
Q2 25
$150.0M
$327.4M
Q1 25
$121.5M
$303.1M
Q4 24
$118.8M
Q3 24
$104.8M
$336.2M
Q2 24
$87.2M
$325.0M
Q1 24
$75.0M
Net Profit
AXSM
AXSM
NESR
NESR
Q4 25
$-28.6M
Q3 25
$-47.2M
$17.7M
Q2 25
$-48.0M
$15.2M
Q1 25
$-59.4M
$10.4M
Q4 24
$-74.9M
Q3 24
$-64.6M
$20.6M
Q2 24
$-79.3M
$18.9M
Q1 24
$-68.4M
Gross Margin
AXSM
AXSM
NESR
NESR
Q4 25
Q3 25
12.0%
Q2 25
13.4%
Q1 25
12.4%
Q4 24
Q3 24
15.9%
Q2 24
16.4%
Q1 24
Operating Margin
AXSM
AXSM
NESR
NESR
Q4 25
-13.8%
Q3 25
-27.0%
6.6%
Q2 25
-24.5%
8.3%
Q1 25
-46.9%
6.9%
Q4 24
-61.1%
Q3 24
-59.8%
10.5%
Q2 24
-89.5%
10.5%
Q1 24
-89.7%
Net Margin
AXSM
AXSM
NESR
NESR
Q4 25
-14.6%
Q3 25
-27.6%
6.0%
Q2 25
-32.0%
4.6%
Q1 25
-48.9%
3.4%
Q4 24
-63.1%
Q3 24
-61.7%
6.1%
Q2 24
-91.0%
5.8%
Q1 24
-91.1%
EPS (diluted)
AXSM
AXSM
NESR
NESR
Q4 25
$-0.55
Q3 25
$-0.94
$0.18
Q2 25
$-0.97
$0.16
Q1 25
$-1.22
$0.11
Q4 24
$-1.54
Q3 24
$-1.34
$0.22
Q2 24
$-1.67
$0.20
Q1 24
$-1.44

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$322.9M
$69.7M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$88.3M
$956.7M
Total Assets
$689.8M
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
NESR
NESR
Q4 25
$322.9M
Q3 25
$325.3M
$69.7M
Q2 25
$303.0M
$131.8M
Q1 25
$300.9M
$78.7M
Q4 24
$315.4M
Q3 24
$327.3M
$118.2M
Q2 24
$315.7M
$75.0M
Q1 24
$331.4M
Total Debt
AXSM
AXSM
NESR
NESR
Q4 25
Q3 25
$274.1M
Q2 25
$291.7M
Q1 25
$309.2M
Q4 24
Q3 24
$358.7M
Q2 24
$376.7M
Q1 24
Stockholders' Equity
AXSM
AXSM
NESR
NESR
Q4 25
$88.3M
Q3 25
$73.7M
$956.7M
Q2 25
$73.1M
$936.9M
Q1 25
$53.2M
$920.5M
Q4 24
$57.0M
Q3 24
$92.9M
$873.5M
Q2 24
$102.9M
$851.4M
Q1 24
$144.0M
Total Assets
AXSM
AXSM
NESR
NESR
Q4 25
$689.8M
Q3 25
$669.3M
$1.8B
Q2 25
$639.8M
$1.8B
Q1 25
$596.7M
$1.8B
Q4 24
$568.5M
Q3 24
$561.5M
$1.8B
Q2 24
$548.2M
$1.8B
Q1 24
$545.7M
Debt / Equity
AXSM
AXSM
NESR
NESR
Q4 25
Q3 25
0.29×
Q2 25
0.31×
Q1 25
0.34×
Q4 24
Q3 24
0.41×
Q2 24
0.44×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
AXSM
AXSM
NESR
NESR
Operating Cash FlowLast quarter
$-18.7M
$6.7M
Free Cash FlowOCF − Capex
$-18.7M
$-34.1M
FCF MarginFCF / Revenue
-9.6%
-11.5%
Capex IntensityCapex / Revenue
0.0%
13.8%
Cash ConversionOCF / Net Profit
0.38×
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
NESR
NESR
Q4 25
$-18.7M
Q3 25
$1.0M
$6.7M
Q2 25
$-32.4M
$98.5M
Q1 25
$-43.4M
$20.5M
Q4 24
$-26.2M
Q3 24
$-18.6M
$70.8M
Q2 24
$-30.1M
Q1 24
$-53.5M
Free Cash Flow
AXSM
AXSM
NESR
NESR
Q4 25
$-18.7M
Q3 25
$988.0K
$-34.1M
Q2 25
$-32.4M
$68.7M
Q1 25
$-43.7M
$-9.6M
Q4 24
$-26.2M
Q3 24
$-18.7M
$43.4M
Q2 24
$-30.2M
Q1 24
$-53.6M
FCF Margin
AXSM
AXSM
NESR
NESR
Q4 25
-9.6%
Q3 25
0.6%
-11.5%
Q2 25
-21.6%
21.0%
Q1 25
-36.0%
-3.2%
Q4 24
-22.1%
Q3 24
-17.9%
12.9%
Q2 24
-34.6%
Q1 24
-71.4%
Capex Intensity
AXSM
AXSM
NESR
NESR
Q4 25
0.0%
Q3 25
0.0%
13.8%
Q2 25
0.0%
9.1%
Q1 25
0.3%
9.9%
Q4 24
0.0%
Q3 24
0.1%
8.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
AXSM
AXSM
NESR
NESR
Q4 25
Q3 25
0.38×
Q2 25
6.48×
Q1 25
1.97×
Q4 24
Q3 24
3.43×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

NESR
NESR

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

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