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Side-by-side financial comparison of EverCommerce Inc. (EVCM) 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 $151.2M, roughly 2.0× EverCommerce Inc.). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs 4.0%, a 2.0% gap on every dollar of revenue. On growth, EverCommerce Inc. posted the faster year-over-year revenue change (5.2% vs -12.2%). EverCommerce Inc. produced more free cash flow last quarter ($21.0M vs $-34.1M).

EverCommerce Inc. is a leading provider of integrated SaaS solutions tailored for small and medium-sized service-based businesses, operating primarily across North America and select global markets. Its product suite covers business management, payment processing, customer engagement, and marketing tools, serving key segments including home services, health & wellness, and fitness industries.

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.

EVCM vs NESR — Head-to-Head

Bigger by revenue
NESR
NESR
2.0× larger
NESR
$295.3M
$151.2M
EVCM
Growing faster (revenue YoY)
EVCM
EVCM
+17.3% gap
EVCM
5.2%
-12.2%
NESR
Higher net margin
NESR
NESR
2.0% more per $
NESR
6.0%
4.0%
EVCM
More free cash flow
EVCM
EVCM
$55.1M more FCF
EVCM
$21.0M
$-34.1M
NESR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EVCM
EVCM
NESR
NESR
Revenue
$151.2M
$295.3M
Net Profit
$6.0M
$17.7M
Gross Margin
12.0%
Operating Margin
8.8%
6.6%
Net Margin
4.0%
6.0%
Revenue YoY
5.2%
-12.2%
Net Profit YoY
149.4%
-14.0%
EPS (diluted)
$0.04
$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
EVCM
EVCM
NESR
NESR
Q4 25
$151.2M
Q3 25
$147.5M
$295.3M
Q2 25
$148.0M
$327.4M
Q1 25
$142.3M
$303.1M
Q4 24
$143.7M
Q3 24
$140.1M
$336.2M
Q2 24
$140.5M
$325.0M
Q1 24
$137.9M
Net Profit
EVCM
EVCM
NESR
NESR
Q4 25
$6.0M
Q3 25
$11.1M
$17.7M
Q2 25
$8.2M
$15.2M
Q1 25
$-7.7M
$10.4M
Q4 24
$-12.2M
Q3 24
$-9.2M
$20.6M
Q2 24
$-3.4M
$18.9M
Q1 24
$-16.3M
Gross Margin
EVCM
EVCM
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
EVCM
EVCM
NESR
NESR
Q4 25
8.8%
Q3 25
10.8%
6.6%
Q2 25
10.7%
8.3%
Q1 25
10.0%
6.9%
Q4 24
8.8%
Q3 24
7.2%
10.5%
Q2 24
5.5%
10.5%
Q1 24
-3.1%
Net Margin
EVCM
EVCM
NESR
NESR
Q4 25
4.0%
Q3 25
7.5%
6.0%
Q2 25
5.5%
4.6%
Q1 25
-5.4%
3.4%
Q4 24
-8.5%
Q3 24
-6.5%
6.1%
Q2 24
-2.4%
5.8%
Q1 24
-11.8%
EPS (diluted)
EVCM
EVCM
NESR
NESR
Q4 25
$0.04
Q3 25
$0.06
$0.18
Q2 25
$0.04
$0.16
Q1 25
$-0.04
$0.11
Q4 24
$-0.06
Q3 24
$-0.05
$0.22
Q2 24
$-0.02
$0.20
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
EVCM
EVCM
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$129.7M
$69.7M
Total DebtLower is stronger
$523.4M
$274.1M
Stockholders' EquityBook value
$716.9M
$956.7M
Total Assets
$1.4B
$1.8B
Debt / EquityLower = less leverage
0.73×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVCM
EVCM
NESR
NESR
Q4 25
$129.7M
Q3 25
$106.9M
$69.7M
Q2 25
$151.1M
$131.8M
Q1 25
$148.4M
$78.7M
Q4 24
$135.8M
Q3 24
$101.6M
$118.2M
Q2 24
$86.7M
$75.0M
Q1 24
$90.0M
Total Debt
EVCM
EVCM
NESR
NESR
Q4 25
$523.4M
Q3 25
$524.6M
$274.1M
Q2 25
$525.8M
$291.7M
Q1 25
$526.9M
$309.2M
Q4 24
$527.9M
Q3 24
$529.0M
$358.7M
Q2 24
$530.1M
$376.7M
Q1 24
$531.1M
Stockholders' Equity
EVCM
EVCM
NESR
NESR
Q4 25
$716.9M
Q3 25
$728.5M
$956.7M
Q2 25
$744.0M
$936.9M
Q1 25
$739.6M
$920.5M
Q4 24
$750.8M
Q3 24
$770.7M
$873.5M
Q2 24
$784.1M
$851.4M
Q1 24
$800.7M
Total Assets
EVCM
EVCM
NESR
NESR
Q4 25
$1.4B
Q3 25
$1.4B
$1.8B
Q2 25
$1.4B
$1.8B
Q1 25
$1.4B
$1.8B
Q4 24
$1.4B
Q3 24
$1.5B
$1.8B
Q2 24
$1.5B
$1.8B
Q1 24
$1.5B
Debt / Equity
EVCM
EVCM
NESR
NESR
Q4 25
0.73×
Q3 25
0.72×
0.29×
Q2 25
0.71×
0.31×
Q1 25
0.71×
0.34×
Q4 24
0.70×
Q3 24
0.69×
0.41×
Q2 24
0.68×
0.44×
Q1 24
0.66×

Cash Flow & Capital Efficiency

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

Metric
EVCM
EVCM
NESR
NESR
Operating Cash FlowLast quarter
$21.3M
$6.7M
Free Cash FlowOCF − Capex
$21.0M
$-34.1M
FCF MarginFCF / Revenue
13.9%
-11.5%
Capex IntensityCapex / Revenue
0.2%
13.8%
Cash ConversionOCF / Net Profit
3.52×
0.38×
TTM Free Cash FlowTrailing 4 quarters
$109.2M
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVCM
EVCM
NESR
NESR
Q4 25
$21.3M
Q3 25
$32.5M
$6.7M
Q2 25
$27.0M
$98.5M
Q1 25
$30.7M
$20.5M
Q4 24
$48.4M
Q3 24
$27.5M
$70.8M
Q2 24
$23.9M
Q1 24
$13.3M
Free Cash Flow
EVCM
EVCM
NESR
NESR
Q4 25
$21.0M
Q3 25
$31.6M
$-34.1M
Q2 25
$26.5M
$68.7M
Q1 25
$30.2M
$-9.6M
Q4 24
$48.2M
Q3 24
$27.4M
$43.4M
Q2 24
$23.3M
Q1 24
$12.9M
FCF Margin
EVCM
EVCM
NESR
NESR
Q4 25
13.9%
Q3 25
21.4%
-11.5%
Q2 25
17.9%
21.0%
Q1 25
21.2%
-3.2%
Q4 24
33.5%
Q3 24
19.5%
12.9%
Q2 24
16.6%
Q1 24
9.4%
Capex Intensity
EVCM
EVCM
NESR
NESR
Q4 25
0.2%
Q3 25
0.6%
13.8%
Q2 25
0.3%
9.1%
Q1 25
0.3%
9.9%
Q4 24
0.2%
Q3 24
0.1%
8.1%
Q2 24
0.5%
Q1 24
0.3%
Cash Conversion
EVCM
EVCM
NESR
NESR
Q4 25
3.52×
Q3 25
2.93×
0.38×
Q2 25
3.31×
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

EVCM
EVCM

Transferred Over Time$146.4M97%
Transferred At Point In Time$4.8M3%

NESR
NESR

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

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