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Side-by-side financial comparison of National Energy Services Reunited Corp. (NESR) and NU SKIN ENTERPRISES, INC. (NUS). Click either name above to swap in a different company.

NU SKIN ENTERPRISES, INC. is the larger business by last-quarter revenue ($370.3M vs $295.3M, roughly 1.3× National Energy Services Reunited Corp.). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs 3.9%, a 2.1% gap on every dollar of revenue. On growth, National Energy Services Reunited Corp. posted the faster year-over-year revenue change (-12.2% vs -16.9%). NU SKIN ENTERPRISES, INC. produced more free cash flow last quarter ($5.9M vs $-34.1M).

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.

Nu Skin Enterprises, Inc. is an American multilevel marketing company that develops and sells personal care products and dietary and nutritional supplements. Under the Nu Skin and Pharmanex brands, the company sells its products in 54 markets through a network of approximately 1.2 million independent distributors.

NESR vs NUS — Head-to-Head

Bigger by revenue
NUS
NUS
1.3× larger
NUS
$370.3M
$295.3M
NESR
Growing faster (revenue YoY)
NESR
NESR
+4.7% gap
NESR
-12.2%
-16.9%
NUS
Higher net margin
NESR
NESR
2.1% more per $
NESR
6.0%
3.9%
NUS
More free cash flow
NUS
NUS
$39.9M more FCF
NUS
$5.9M
$-34.1M
NESR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NESR
NESR
NUS
NUS
Revenue
$295.3M
$370.3M
Net Profit
$17.7M
$14.5M
Gross Margin
12.0%
70.7%
Operating Margin
6.6%
6.3%
Net Margin
6.0%
3.9%
Revenue YoY
-12.2%
-16.9%
Net Profit YoY
-14.0%
140.1%
EPS (diluted)
$0.18
$0.27

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
NESR
NESR
NUS
NUS
Q4 25
$370.3M
Q3 25
$295.3M
$364.2M
Q2 25
$327.4M
$386.1M
Q1 25
$303.1M
$364.5M
Q4 24
$445.6M
Q3 24
$336.2M
$430.1M
Q2 24
$325.0M
$439.1M
Q1 24
$417.3M
Net Profit
NESR
NESR
NUS
NUS
Q4 25
$14.5M
Q3 25
$17.7M
$17.1M
Q2 25
$15.2M
$21.1M
Q1 25
$10.4M
$107.5M
Q4 24
$-36.1M
Q3 24
$20.6M
$8.3M
Q2 24
$18.9M
$-118.3M
Q1 24
$-533.0K
Gross Margin
NESR
NESR
NUS
NUS
Q4 25
70.7%
Q3 25
12.0%
70.5%
Q2 25
13.4%
68.8%
Q1 25
12.4%
67.8%
Q4 24
62.7%
Q3 24
15.9%
70.1%
Q2 24
16.4%
70.0%
Q1 24
70.5%
Operating Margin
NESR
NESR
NUS
NUS
Q4 25
6.3%
Q3 25
6.6%
5.9%
Q2 25
8.3%
8.0%
Q1 25
6.9%
-2.7%
Q4 24
-11.9%
Q3 24
10.5%
4.2%
Q2 24
10.5%
-28.6%
Q1 24
2.1%
Net Margin
NESR
NESR
NUS
NUS
Q4 25
3.9%
Q3 25
6.0%
4.7%
Q2 25
4.6%
5.5%
Q1 25
3.4%
29.5%
Q4 24
-8.1%
Q3 24
6.1%
1.9%
Q2 24
5.8%
-26.9%
Q1 24
-0.1%
EPS (diluted)
NESR
NESR
NUS
NUS
Q4 25
$0.27
Q3 25
$0.18
$0.34
Q2 25
$0.16
$0.43
Q1 25
$0.11
$2.14
Q4 24
$-0.73
Q3 24
$0.22
$0.17
Q2 24
$0.20
$-2.38
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
NESR
NESR
NUS
NUS
Cash + ST InvestmentsLiquidity on hand
$69.7M
$239.8M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$956.7M
$805.2M
Total Assets
$1.8B
$1.4B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NESR
NESR
NUS
NUS
Q4 25
$239.8M
Q3 25
$69.7M
$253.0M
Q2 25
$131.8M
$265.4M
Q1 25
$78.7M
$213.6M
Q4 24
$198.0M
Q3 24
$118.2M
$237.8M
Q2 24
$75.0M
$232.9M
Q1 24
$221.2M
Total Debt
NESR
NESR
NUS
NUS
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
NESR
NESR
NUS
NUS
Q4 25
$805.2M
Q3 25
$956.7M
$799.8M
Q2 25
$936.9M
$787.8M
Q1 25
$920.5M
$754.0M
Q4 24
$651.5M
Q3 24
$873.5M
$706.9M
Q2 24
$851.4M
$686.2M
Q1 24
$810.2M
Total Assets
NESR
NESR
NUS
NUS
Q4 25
$1.4B
Q3 25
$1.8B
$1.4B
Q2 25
$1.8B
$1.4B
Q1 25
$1.8B
$1.4B
Q4 24
$1.5B
Q3 24
$1.8B
$1.6B
Q2 24
$1.8B
$1.6B
Q1 24
$1.7B
Debt / Equity
NESR
NESR
NUS
NUS
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
NESR
NESR
NUS
NUS
Operating Cash FlowLast quarter
$6.7M
$16.6M
Free Cash FlowOCF − Capex
$-34.1M
$5.9M
FCF MarginFCF / Revenue
-11.5%
1.6%
Capex IntensityCapex / Revenue
13.8%
2.9%
Cash ConversionOCF / Net Profit
0.38×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$68.5M
$46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NESR
NESR
NUS
NUS
Q4 25
$16.6M
Q3 25
$6.7M
$27.5M
Q2 25
$98.5M
$35.8M
Q1 25
$20.5M
$389.0K
Q4 24
$25.8M
Q3 24
$70.8M
$31.4M
Q2 24
$51.2M
Q1 24
$3.3M
Free Cash Flow
NESR
NESR
NUS
NUS
Q4 25
$5.9M
Q3 25
$-34.1M
$17.6M
Q2 25
$68.7M
$35.8M
Q1 25
$-9.6M
$-13.2M
Q4 24
$13.2M
Q3 24
$43.4M
$22.8M
Q2 24
$43.1M
Q1 24
$-9.0M
FCF Margin
NESR
NESR
NUS
NUS
Q4 25
1.6%
Q3 25
-11.5%
4.8%
Q2 25
21.0%
9.3%
Q1 25
-3.2%
-3.6%
Q4 24
3.0%
Q3 24
12.9%
5.3%
Q2 24
9.8%
Q1 24
-2.1%
Capex Intensity
NESR
NESR
NUS
NUS
Q4 25
2.9%
Q3 25
13.8%
2.7%
Q2 25
9.1%
0.0%
Q1 25
9.9%
3.7%
Q4 24
2.8%
Q3 24
8.1%
2.0%
Q2 24
1.9%
Q1 24
2.9%
Cash Conversion
NESR
NESR
NUS
NUS
Q4 25
1.15×
Q3 25
0.38×
1.61×
Q2 25
6.48×
1.69×
Q1 25
1.97×
0.00×
Q4 24
Q3 24
3.43×
3.79×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NESR
NESR

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

NUS
NUS

Other$161.9M44%
Mainland China Segment$52.0M14%
Southeast Asia Pacific Segment$50.5M14%
Europe And Africa Segment$41.8M11%
Hong Kong Taiwan Segment$29.6M8%
South Korea Segment$28.4M8%
Rhyz Other Segment$6.1M2%

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