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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and National Energy Services Reunited Corp. (NESR). Click either name above to swap in a different company.

Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $295.3M, roughly 1.0× National Energy Services Reunited Corp.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 6.0%, a 7.0% gap on every dollar of revenue.

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

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.

HTH vs NESR — Head-to-Head

Bigger by revenue
HTH
HTH
1.0× larger
HTH
$300.5M
$295.3M
NESR
Higher net margin
HTH
HTH
7.0% more per $
HTH
13.0%
6.0%
NESR

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
HTH
HTH
NESR
NESR
Revenue
$300.5M
$295.3M
Net Profit
$39.0M
$17.7M
Gross Margin
12.0%
Operating Margin
6.6%
Net Margin
13.0%
6.0%
Revenue YoY
-12.2%
Net Profit YoY
-12.4%
-14.0%
EPS (diluted)
$0.64
$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
HTH
HTH
NESR
NESR
Q1 26
$300.5M
Q4 25
$329.9M
Q3 25
$330.2M
$295.3M
Q2 25
$303.3M
$327.4M
Q1 25
$318.5M
$303.1M
Q4 24
$301.1M
Q3 24
$305.5M
$336.2M
Q2 24
$297.0M
$325.0M
Net Profit
HTH
HTH
NESR
NESR
Q1 26
$39.0M
Q4 25
$41.6M
Q3 25
$45.8M
$17.7M
Q2 25
$36.1M
$15.2M
Q1 25
$42.1M
$10.4M
Q4 24
$35.5M
Q3 24
$29.7M
$20.6M
Q2 24
$20.3M
$18.9M
Gross Margin
HTH
HTH
NESR
NESR
Q1 26
Q4 25
Q3 25
12.0%
Q2 25
13.4%
Q1 25
12.4%
Q4 24
Q3 24
15.9%
Q2 24
16.4%
Operating Margin
HTH
HTH
NESR
NESR
Q1 26
Q4 25
16.1%
Q3 25
18.4%
6.6%
Q2 25
16.3%
8.3%
Q1 25
18.1%
6.9%
Q4 24
14.7%
Q3 24
13.9%
10.5%
Q2 24
10.0%
10.5%
Net Margin
HTH
HTH
NESR
NESR
Q1 26
13.0%
Q4 25
12.6%
Q3 25
13.9%
6.0%
Q2 25
11.9%
4.6%
Q1 25
13.2%
3.4%
Q4 24
11.8%
Q3 24
9.7%
6.1%
Q2 24
6.8%
5.8%
EPS (diluted)
HTH
HTH
NESR
NESR
Q1 26
$0.64
Q4 25
$0.68
Q3 25
$0.74
$0.18
Q2 25
$0.57
$0.16
Q1 25
$0.65
$0.11
Q4 24
$0.55
Q3 24
$0.46
$0.22
Q2 24
$0.31
$0.20

Balance Sheet & Financial Strength

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

Metric
HTH
HTH
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$69.7M
Total DebtLower is stronger
$990.8M
$274.1M
Stockholders' EquityBook value
$2.2B
$956.7M
Total Assets
$15.7B
$1.8B
Debt / EquityLower = less leverage
0.46×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTH
HTH
NESR
NESR
Q1 26
Q4 25
Q3 25
$69.7M
Q2 25
$131.8M
Q1 25
$78.7M
Q4 24
Q3 24
$118.2M
Q2 24
$75.0M
Total Debt
HTH
HTH
NESR
NESR
Q1 26
$990.8M
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
HTH
HTH
NESR
NESR
Q1 26
$2.2B
Q4 25
$2.2B
Q3 25
$2.2B
$956.7M
Q2 25
$2.2B
$936.9M
Q1 25
$2.2B
$920.5M
Q4 24
$2.2B
Q3 24
$2.2B
$873.5M
Q2 24
$2.1B
$851.4M
Total Assets
HTH
HTH
NESR
NESR
Q1 26
$15.7B
Q4 25
$15.8B
Q3 25
$15.6B
$1.8B
Q2 25
$15.4B
$1.8B
Q1 25
$15.8B
$1.8B
Q4 24
$16.3B
Q3 24
$15.9B
$1.8B
Q2 24
$15.6B
$1.8B
Debt / Equity
HTH
HTH
NESR
NESR
Q1 26
0.46×
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
HTH
HTH
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
HTH
HTH
NESR
NESR
Q1 26
Q4 25
$-38.7M
Q3 25
$273.0M
$6.7M
Q2 25
$-234.6M
$98.5M
Q1 25
$5.8M
$20.5M
Q4 24
$273.9M
Q3 24
$515.6M
$70.8M
Q2 24
$-435.3M
Free Cash Flow
HTH
HTH
NESR
NESR
Q1 26
Q4 25
$-55.5M
Q3 25
$271.0M
$-34.1M
Q2 25
$-234.6M
$68.7M
Q1 25
$5.0M
$-9.6M
Q4 24
$266.8M
Q3 24
$513.8M
$43.4M
Q2 24
$-437.3M
FCF Margin
HTH
HTH
NESR
NESR
Q1 26
Q4 25
-16.8%
Q3 25
82.1%
-11.5%
Q2 25
-77.4%
21.0%
Q1 25
1.6%
-3.2%
Q4 24
88.6%
Q3 24
168.2%
12.9%
Q2 24
-147.2%
Capex Intensity
HTH
HTH
NESR
NESR
Q1 26
Q4 25
5.1%
Q3 25
0.6%
13.8%
Q2 25
0.0%
9.1%
Q1 25
0.3%
9.9%
Q4 24
2.4%
Q3 24
0.6%
8.1%
Q2 24
0.7%
Cash Conversion
HTH
HTH
NESR
NESR
Q1 26
Q4 25
-0.93×
Q3 25
5.96×
0.38×
Q2 25
-6.50×
6.48×
Q1 25
0.14×
1.97×
Q4 24
7.71×
Q3 24
17.36×
3.43×
Q2 24
-21.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HTH
HTH

Noninterest Income$188.4M63%
Net Interest Income$112.1M37%

NESR
NESR

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

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