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Side-by-side financial comparison of National Energy Services Reunited Corp. (NESR) and Pebblebrook Hotel Trust (PEB). Click either name above to swap in a different company.

Pebblebrook Hotel Trust is the larger business by last-quarter revenue ($345.7M vs $295.3M, roughly 1.2× National Energy Services Reunited Corp.). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs -5.3%, a 11.3% gap on every dollar of revenue. On growth, Pebblebrook Hotel Trust posted the faster year-over-year revenue change (7.9% vs -12.2%). Pebblebrook Hotel Trust produced more free cash flow last quarter ($114.5M 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.

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) that owns, manages, and invests in upscale, luxury, and boutique hotel properties primarily across major urban and leisure destinations in the United States. Its portfolio caters to both business and leisure travelers, focusing on high-demand markets to deliver long-term value for stakeholders.

NESR vs PEB — Head-to-Head

Bigger by revenue
PEB
PEB
1.2× larger
PEB
$345.7M
$295.3M
NESR
Growing faster (revenue YoY)
PEB
PEB
+20.1% gap
PEB
7.9%
-12.2%
NESR
Higher net margin
NESR
NESR
11.3% more per $
NESR
6.0%
-5.3%
PEB
More free cash flow
PEB
PEB
$148.6M more FCF
PEB
$114.5M
$-34.1M
NESR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
NESR
NESR
PEB
PEB
Revenue
$295.3M
$345.7M
Net Profit
$17.7M
$-18.4M
Gross Margin
12.0%
Operating Margin
6.6%
2.3%
Net Margin
6.0%
-5.3%
Revenue YoY
-12.2%
7.9%
Net Profit YoY
-14.0%
31.8%
EPS (diluted)
$0.18
$-0.26

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
PEB
PEB
Q1 26
$345.7M
Q4 25
$349.0M
Q3 25
$295.3M
$398.7M
Q2 25
$327.4M
$407.5M
Q1 25
$303.1M
$320.3M
Q4 24
$337.6M
Q3 24
$336.2M
$404.5M
Q2 24
$325.0M
$397.1M
Net Profit
NESR
NESR
PEB
PEB
Q1 26
$-18.4M
Q4 25
$-17.9M
Q3 25
$17.7M
$-33.1M
Q2 25
$15.2M
$18.1M
Q1 25
$10.4M
$-32.9M
Q4 24
$-50.5M
Q3 24
$20.6M
$43.7M
Q2 24
$18.9M
$30.9M
Gross Margin
NESR
NESR
PEB
PEB
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
NESR
NESR
PEB
PEB
Q1 26
2.3%
Q4 25
2.5%
Q3 25
6.6%
-2.6%
Q2 25
8.3%
12.9%
Q1 25
6.9%
-2.3%
Q4 24
-6.7%
Q3 24
10.5%
11.6%
Q2 24
10.5%
15.4%
Net Margin
NESR
NESR
PEB
PEB
Q1 26
-5.3%
Q4 25
-5.1%
Q3 25
6.0%
-8.3%
Q2 25
4.6%
4.4%
Q1 25
3.4%
-10.3%
Q4 24
-15.0%
Q3 24
6.1%
10.8%
Q2 24
5.8%
7.8%
EPS (diluted)
NESR
NESR
PEB
PEB
Q1 26
$-0.26
Q4 25
$-0.22
Q3 25
$0.18
$-0.37
Q2 25
$0.16
$0.06
Q1 25
$0.11
$-0.37
Q4 24
$-0.47
Q3 24
$0.22
$0.24
Q2 24
$0.20
$0.16

Balance Sheet & Financial Strength

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

Metric
NESR
NESR
PEB
PEB
Cash + ST InvestmentsLiquidity on hand
$69.7M
$196.2M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$956.7M
$2.4B
Total Assets
$1.8B
$5.3B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NESR
NESR
PEB
PEB
Q1 26
$196.2M
Q4 25
$184.2M
Q3 25
$69.7M
$223.2M
Q2 25
$131.8M
$256.1M
Q1 25
$78.7M
$208.1M
Q4 24
$206.7M
Q3 24
$118.2M
$134.0M
Q2 24
$75.0M
$101.7M
Total Debt
NESR
NESR
PEB
PEB
Q1 26
Q4 25
$2.1B
Q3 25
$274.1M
$2.2B
Q2 25
$291.7M
$2.2B
Q1 25
$309.2M
$2.2B
Q4 24
$2.2B
Q3 24
$358.7M
$2.2B
Q2 24
$376.7M
$2.2B
Stockholders' Equity
NESR
NESR
PEB
PEB
Q1 26
$2.4B
Q4 25
$2.5B
Q3 25
$956.7M
$2.5B
Q2 25
$936.9M
$2.6B
Q1 25
$920.5M
$2.6B
Q4 24
$2.7B
Q3 24
$873.5M
$2.8B
Q2 24
$851.4M
$2.7B
Total Assets
NESR
NESR
PEB
PEB
Q1 26
$5.3B
Q4 25
$5.3B
Q3 25
$1.8B
$5.6B
Q2 25
$1.8B
$5.7B
Q1 25
$1.8B
$5.7B
Q4 24
$5.7B
Q3 24
$1.8B
$5.7B
Q2 24
$1.8B
$5.7B
Debt / Equity
NESR
NESR
PEB
PEB
Q1 26
Q4 25
0.86×
Q3 25
0.29×
0.89×
Q2 25
0.31×
0.85×
Q1 25
0.34×
0.85×
Q4 24
0.83×
Q3 24
0.41×
0.80×
Q2 24
0.44×
0.80×

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
PEB
PEB
Operating Cash FlowLast quarter
$6.7M
Free Cash FlowOCF − Capex
$-34.1M
$114.5M
FCF MarginFCF / Revenue
-11.5%
33.1%
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
NESR
NESR
PEB
PEB
Q1 26
Q4 25
$249.7M
Q3 25
$6.7M
$77.6M
Q2 25
$98.5M
$90.5M
Q1 25
$20.5M
$50.3M
Q4 24
$275.0M
Q3 24
$70.8M
$76.1M
Q2 24
$83.7M
Free Cash Flow
NESR
NESR
PEB
PEB
Q1 26
$114.5M
Q4 25
$152.3M
Q3 25
$-34.1M
$6.8M
Q2 25
$68.7M
Q1 25
$-9.6M
Q4 24
$146.3M
Q3 24
$43.4M
$-24.8M
Q2 24
FCF Margin
NESR
NESR
PEB
PEB
Q1 26
33.1%
Q4 25
43.6%
Q3 25
-11.5%
1.7%
Q2 25
21.0%
Q1 25
-3.2%
Q4 24
43.3%
Q3 24
12.9%
-6.1%
Q2 24
Capex Intensity
NESR
NESR
PEB
PEB
Q1 26
Q4 25
27.9%
Q3 25
13.8%
17.7%
Q2 25
9.1%
Q1 25
9.9%
Q4 24
38.1%
Q3 24
8.1%
24.9%
Q2 24
Cash Conversion
NESR
NESR
PEB
PEB
Q1 26
Q4 25
Q3 25
0.38×
Q2 25
6.48×
5.01×
Q1 25
1.97×
Q4 24
Q3 24
3.43×
1.74×
Q2 24
2.70×

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%

PEB
PEB

Room$214.5M62%
Food and beverage$91.1M26%
Other$40.0M12%

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