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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) 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 $182.4M, roughly 1.6× Climb Global Solutions, Inc.). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs 1.8%, a 4.2% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs -12.2%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

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.

CLMB vs NESR — Head-to-Head

Bigger by revenue
NESR
NESR
1.6× larger
NESR
$295.3M
$182.4M
CLMB
Growing faster (revenue YoY)
CLMB
CLMB
+44.3% gap
CLMB
32.1%
-12.2%
NESR
Higher net margin
NESR
NESR
4.2% more per $
NESR
6.0%
1.8%
CLMB

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
CLMB
CLMB
NESR
NESR
Revenue
$182.4M
$295.3M
Net Profit
$3.3M
$17.7M
Gross Margin
14.5%
12.0%
Operating Margin
2.1%
6.6%
Net Margin
1.8%
6.0%
Revenue YoY
32.1%
-12.2%
Net Profit YoY
-9.5%
-14.0%
EPS (diluted)
$0.18
$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
CLMB
CLMB
NESR
NESR
Q1 26
$182.4M
Q4 25
$193.8M
Q3 25
$161.3M
$295.3M
Q2 25
$159.3M
$327.4M
Q1 25
$138.0M
$303.1M
Q4 24
$161.8M
Q3 24
$119.3M
$336.2M
Q2 24
$92.1M
$325.0M
Net Profit
CLMB
CLMB
NESR
NESR
Q1 26
$3.3M
Q4 25
$7.0M
Q3 25
$4.7M
$17.7M
Q2 25
$6.0M
$15.2M
Q1 25
$3.7M
$10.4M
Q4 24
$7.0M
Q3 24
$5.5M
$20.6M
Q2 24
$3.4M
$18.9M
Gross Margin
CLMB
CLMB
NESR
NESR
Q1 26
14.5%
Q4 25
15.4%
Q3 25
15.9%
12.0%
Q2 25
16.5%
13.4%
Q1 25
16.9%
12.4%
Q4 24
19.3%
Q3 24
20.3%
15.9%
Q2 24
20.2%
16.4%
Operating Margin
CLMB
CLMB
NESR
NESR
Q1 26
2.1%
Q4 25
4.9%
Q3 25
4.3%
6.6%
Q2 25
5.0%
8.3%
Q1 25
3.5%
6.9%
Q4 24
7.2%
Q3 24
7.1%
10.5%
Q2 24
4.6%
10.5%
Net Margin
CLMB
CLMB
NESR
NESR
Q1 26
1.8%
Q4 25
3.6%
Q3 25
2.9%
6.0%
Q2 25
3.7%
4.6%
Q1 25
2.7%
3.4%
Q4 24
4.3%
Q3 24
4.6%
6.1%
Q2 24
3.7%
5.8%
EPS (diluted)
CLMB
CLMB
NESR
NESR
Q1 26
$0.18
Q4 25
$1.51
Q3 25
$1.02
$0.18
Q2 25
$1.30
$0.16
Q1 25
$0.81
$0.11
Q4 24
$1.52
Q3 24
$1.19
$0.22
Q2 24
$0.75
$0.20

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$41.8M
$69.7M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$118.4M
$956.7M
Total Assets
$458.8M
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
NESR
NESR
Q1 26
$41.8M
Q4 25
$36.6M
Q3 25
$49.8M
$69.7M
Q2 25
$28.6M
$131.8M
Q1 25
$32.5M
$78.7M
Q4 24
$29.8M
Q3 24
$22.1M
$118.2M
Q2 24
$48.4M
$75.0M
Total Debt
CLMB
CLMB
NESR
NESR
Q1 26
Q4 25
Q3 25
$274.1M
Q2 25
$291.7M
Q1 25
$309.2M
Q4 24
Q3 24
$358.7M
Q2 24
$376.7M
Stockholders' Equity
CLMB
CLMB
NESR
NESR
Q1 26
$118.4M
Q4 25
$116.6M
Q3 25
$109.3M
$956.7M
Q2 25
$105.2M
$936.9M
Q1 25
$95.6M
$920.5M
Q4 24
$90.6M
Q3 24
$87.7M
$873.5M
Q2 24
$79.8M
$851.4M
Total Assets
CLMB
CLMB
NESR
NESR
Q1 26
$458.8M
Q4 25
$460.2M
Q3 25
$376.1M
$1.8B
Q2 25
$420.7M
$1.8B
Q1 25
$370.1M
$1.8B
Q4 24
$469.2M
Q3 24
$371.9M
$1.8B
Q2 24
$302.8M
$1.8B
Debt / Equity
CLMB
CLMB
NESR
NESR
Q1 26
Q4 25
Q3 25
0.29×
Q2 25
0.31×
Q1 25
0.34×
Q4 24
Q3 24
0.41×
Q2 24
0.44×

Cash Flow & Capital Efficiency

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

Metric
CLMB
CLMB
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
CLMB
CLMB
NESR
NESR
Q1 26
Q4 25
$-11.9M
Q3 25
$22.2M
$6.7M
Q2 25
$-2.2M
$98.5M
Q1 25
$8.5M
$20.5M
Q4 24
$16.0M
Q3 24
$-3.6M
$70.8M
Q2 24
$7.3M
Free Cash Flow
CLMB
CLMB
NESR
NESR
Q1 26
Q4 25
Q3 25
$-34.1M
Q2 25
$68.7M
Q1 25
$-9.6M
Q4 24
Q3 24
$43.4M
Q2 24
FCF Margin
CLMB
CLMB
NESR
NESR
Q1 26
Q4 25
Q3 25
-11.5%
Q2 25
21.0%
Q1 25
-3.2%
Q4 24
Q3 24
12.9%
Q2 24
Capex Intensity
CLMB
CLMB
NESR
NESR
Q1 26
Q4 25
Q3 25
13.8%
Q2 25
9.1%
Q1 25
9.9%
Q4 24
Q3 24
8.1%
Q2 24
Cash Conversion
CLMB
CLMB
NESR
NESR
Q1 26
Q4 25
-1.70×
Q3 25
4.73×
0.38×
Q2 25
-0.37×
6.48×
Q1 25
2.30×
1.97×
Q4 24
2.29×
Q3 24
-0.66×
3.43×
Q2 24
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLMB
CLMB

Segment breakdown not available.

NESR
NESR

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

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