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Side-by-side financial comparison of National Energy Services Reunited Corp. (NESR) and SHOE CARNIVAL INC (SCVL). Click either name above to swap in a different company.

SHOE CARNIVAL INC is the larger business by last-quarter revenue ($297.2M vs $295.3M, roughly 1.0× National Energy Services Reunited Corp.). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs 4.9%, a 1.1% gap on every dollar of revenue. On growth, SHOE CARNIVAL INC posted the faster year-over-year revenue change (-3.2% vs -12.2%). SHOE CARNIVAL INC produced more free cash flow last quarter ($19.7M 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.

Shoe Carnival Inc. is an American retailer of family footwear. The company operates 429 stores throughout the midwest, south, and southeast regions, and Puerto Rico. It was founded by David Russell in 1978 and is headquartered in Fort Mill, South Carolina as of 2025.

NESR vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.0× larger
SCVL
$297.2M
$295.3M
NESR
Growing faster (revenue YoY)
SCVL
SCVL
+9.0% gap
SCVL
-3.2%
-12.2%
NESR
Higher net margin
NESR
NESR
1.1% more per $
NESR
6.0%
4.9%
SCVL
More free cash flow
SCVL
SCVL
$53.8M more FCF
SCVL
$19.7M
$-34.1M
NESR

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
NESR
NESR
SCVL
SCVL
Revenue
$295.3M
$297.2M
Net Profit
$17.7M
$14.6M
Gross Margin
12.0%
37.6%
Operating Margin
6.6%
6.3%
Net Margin
6.0%
4.9%
Revenue YoY
-12.2%
-3.2%
Net Profit YoY
-14.0%
-23.9%
EPS (diluted)
$0.18
$0.53

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
SCVL
SCVL
Q4 25
$297.2M
Q3 25
$295.3M
$306.4M
Q2 25
$327.4M
$277.7M
Q1 25
$303.1M
$262.9M
Q4 24
$306.9M
Q3 24
$336.2M
$332.7M
Q2 24
$325.0M
$300.4M
Q1 24
$280.2M
Net Profit
NESR
NESR
SCVL
SCVL
Q4 25
$14.6M
Q3 25
$17.7M
$19.2M
Q2 25
$15.2M
$9.3M
Q1 25
$10.4M
$14.7M
Q4 24
$19.2M
Q3 24
$20.6M
$22.6M
Q2 24
$18.9M
$17.3M
Q1 24
$15.5M
Gross Margin
NESR
NESR
SCVL
SCVL
Q4 25
37.6%
Q3 25
12.0%
38.8%
Q2 25
13.4%
34.5%
Q1 25
12.4%
34.9%
Q4 24
36.0%
Q3 24
15.9%
36.1%
Q2 24
16.4%
35.6%
Q1 24
35.6%
Operating Margin
NESR
NESR
SCVL
SCVL
Q4 25
6.3%
Q3 25
6.6%
8.2%
Q2 25
8.3%
4.3%
Q1 25
6.9%
5.3%
Q4 24
8.0%
Q3 24
10.5%
9.0%
Q2 24
10.5%
7.5%
Q1 24
7.1%
Net Margin
NESR
NESR
SCVL
SCVL
Q4 25
4.9%
Q3 25
6.0%
6.3%
Q2 25
4.6%
3.4%
Q1 25
3.4%
5.6%
Q4 24
6.3%
Q3 24
6.1%
6.8%
Q2 24
5.8%
5.8%
Q1 24
5.5%
EPS (diluted)
NESR
NESR
SCVL
SCVL
Q4 25
$0.53
Q3 25
$0.18
$0.70
Q2 25
$0.16
$0.34
Q1 25
$0.11
$0.53
Q4 24
$0.70
Q3 24
$0.22
$0.82
Q2 24
$0.20
$0.63
Q1 24
$0.57

Balance Sheet & Financial Strength

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

Metric
NESR
NESR
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$69.7M
$107.7M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$956.7M
$683.2M
Total Assets
$1.8B
$1.2B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NESR
NESR
SCVL
SCVL
Q4 25
$107.7M
Q3 25
$69.7M
$91.9M
Q2 25
$131.8M
$93.0M
Q1 25
$78.7M
$123.1M
Q4 24
$91.1M
Q3 24
$118.2M
$84.5M
Q2 24
$75.0M
$69.5M
Q1 24
$111.2M
Total Debt
NESR
NESR
SCVL
SCVL
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
SCVL
SCVL
Q4 25
$683.2M
Q3 25
$956.7M
$670.7M
Q2 25
$936.9M
$653.6M
Q1 25
$920.5M
$649.0M
Q4 24
$635.7M
Q3 24
$873.5M
$618.5M
Q2 24
$851.4M
$597.8M
Q1 24
$583.4M
Total Assets
NESR
NESR
SCVL
SCVL
Q4 25
$1.2B
Q3 25
$1.8B
$1.2B
Q2 25
$1.8B
$1.1B
Q1 25
$1.8B
$1.1B
Q4 24
$1.1B
Q3 24
$1.8B
$1.1B
Q2 24
$1.8B
$1.1B
Q1 24
$1.0B
Debt / Equity
NESR
NESR
SCVL
SCVL
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
SCVL
SCVL
Operating Cash FlowLast quarter
$6.7M
$33.6M
Free Cash FlowOCF − Capex
$-34.1M
$19.7M
FCF MarginFCF / Revenue
-11.5%
6.6%
Capex IntensityCapex / Revenue
13.8%
4.7%
Cash ConversionOCF / Net Profit
0.38×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$68.5M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NESR
NESR
SCVL
SCVL
Q4 25
$33.6M
Q3 25
$6.7M
$13.3M
Q2 25
$98.5M
$-9.6M
Q1 25
$20.5M
$44.5M
Q4 24
$17.3M
Q3 24
$70.8M
$23.7M
Q2 24
$17.1M
Q1 24
$53.4M
Free Cash Flow
NESR
NESR
SCVL
SCVL
Q4 25
$19.7M
Q3 25
$-34.1M
$2.2M
Q2 25
$68.7M
$-23.0M
Q1 25
$-9.6M
$36.2M
Q4 24
$8.3M
Q3 24
$43.4M
$18.2M
Q2 24
$6.9M
Q1 24
$40.7M
FCF Margin
NESR
NESR
SCVL
SCVL
Q4 25
6.6%
Q3 25
-11.5%
0.7%
Q2 25
21.0%
-8.3%
Q1 25
-3.2%
13.8%
Q4 24
2.7%
Q3 24
12.9%
5.5%
Q2 24
2.3%
Q1 24
14.5%
Capex Intensity
NESR
NESR
SCVL
SCVL
Q4 25
4.7%
Q3 25
13.8%
3.6%
Q2 25
9.1%
4.8%
Q1 25
9.9%
3.2%
Q4 24
3.0%
Q3 24
8.1%
1.7%
Q2 24
3.4%
Q1 24
4.5%
Cash Conversion
NESR
NESR
SCVL
SCVL
Q4 25
2.30×
Q3 25
0.38×
0.69×
Q2 25
6.48×
-1.03×
Q1 25
1.97×
3.04×
Q4 24
0.90×
Q3 24
3.43×
1.05×
Q2 24
0.99×
Q1 24
3.44×

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%

SCVL
SCVL

Segment breakdown not available.

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