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Side-by-side financial comparison of National Energy Services Reunited Corp. (NESR) and UNIVERSAL INSURANCE HOLDINGS, INC. (UVE). Click either name above to swap in a different company.

UNIVERSAL INSURANCE HOLDINGS, INC. is the larger business by last-quarter revenue ($393.6M vs $295.3M, roughly 1.3× National Energy Services Reunited Corp.). UNIVERSAL INSURANCE HOLDINGS, INC. runs the higher net margin — 13.8% vs 6.0%, a 7.8% gap on every dollar of revenue. On growth, UNIVERSAL INSURANCE HOLDINGS, INC. posted the faster year-over-year revenue change (-0.3% vs -12.2%).

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.

New York Life Insurance Company (NYLIC), most commonly known as New York Life, is the second-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #69 on the 2025 Fortune 500 list of the largest U.S. corporations by total revenue. In 2025, NYLIC achieved the best possible ratings by the four independent rating companies. Other New York Life affiliates provide an array of securities products and services, as well as institutional and r...

NESR vs UVE — Head-to-Head

Bigger by revenue
UVE
UVE
1.3× larger
UVE
$393.6M
$295.3M
NESR
Growing faster (revenue YoY)
UVE
UVE
+11.8% gap
UVE
-0.3%
-12.2%
NESR
Higher net margin
UVE
UVE
7.8% more per $
UVE
13.8%
6.0%
NESR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
NESR
NESR
UVE
UVE
Revenue
$295.3M
$393.6M
Net Profit
$17.7M
$54.3M
Gross Margin
12.0%
Operating Margin
6.6%
Net Margin
6.0%
13.8%
Revenue YoY
-12.2%
-0.3%
Net Profit YoY
-14.0%
EPS (diluted)
$0.18
$1.88

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
UVE
UVE
Q1 26
$393.6M
Q4 25
$407.9M
Q3 25
$295.3M
$401.0M
Q2 25
$327.4M
$400.1M
Q1 25
$303.1M
$394.9M
Q4 24
$384.8M
Q3 24
$336.2M
$387.6M
Q2 24
$325.0M
$380.2M
Net Profit
NESR
NESR
UVE
UVE
Q1 26
$54.3M
Q4 25
$66.6M
Q3 25
$17.7M
$39.8M
Q2 25
$15.2M
$35.1M
Q1 25
$10.4M
$41.4M
Q4 24
$6.0M
Q3 24
$20.6M
$-16.2M
Q2 24
$18.9M
$35.4M
Gross Margin
NESR
NESR
UVE
UVE
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
UVE
UVE
Q1 26
Q4 25
21.7%
Q3 25
6.6%
13.2%
Q2 25
8.3%
11.6%
Q1 25
6.9%
14.0%
Q4 24
1.9%
Q3 24
10.5%
-4.7%
Q2 24
10.5%
12.6%
Net Margin
NESR
NESR
UVE
UVE
Q1 26
13.8%
Q4 25
16.3%
Q3 25
6.0%
9.9%
Q2 25
4.6%
8.8%
Q1 25
3.4%
10.5%
Q4 24
1.6%
Q3 24
6.1%
-4.2%
Q2 24
5.8%
9.3%
EPS (diluted)
NESR
NESR
UVE
UVE
Q1 26
$1.88
Q4 25
$2.29
Q3 25
$0.18
$1.38
Q2 25
$0.16
$1.21
Q1 25
$0.11
$1.44
Q4 24
$0.23
Q3 24
$0.22
$-0.57
Q2 24
$0.20
$1.21

Balance Sheet & Financial Strength

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

Metric
NESR
NESR
UVE
UVE
Cash + ST InvestmentsLiquidity on hand
$69.7M
$595.8M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$956.7M
$584.7M
Total Assets
$1.8B
$2.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NESR
NESR
UVE
UVE
Q1 26
$595.8M
Q4 25
$408.9M
Q3 25
$69.7M
$405.1M
Q2 25
$131.8M
$367.1M
Q1 25
$78.7M
$398.2M
Q4 24
$259.4M
Q3 24
$118.2M
$333.7M
Q2 24
$75.0M
$283.3M
Total Debt
NESR
NESR
UVE
UVE
Q1 26
Q4 25
$100.5M
Q3 25
$274.1M
$100.7M
Q2 25
$291.7M
$100.9M
Q1 25
$309.2M
$101.1M
Q4 24
$101.2M
Q3 24
$358.7M
$101.4M
Q2 24
$376.7M
$101.6M
Stockholders' Equity
NESR
NESR
UVE
UVE
Q1 26
$584.7M
Q4 25
$551.0M
Q3 25
$956.7M
$495.0M
Q2 25
$936.9M
$457.8M
Q1 25
$920.5M
$422.4M
Q4 24
$373.3M
Q3 24
$873.5M
$400.2M
Q2 24
$851.4M
$393.2M
Total Assets
NESR
NESR
UVE
UVE
Q1 26
$2.8B
Q4 25
$2.8B
Q3 25
$1.8B
$3.1B
Q2 25
$1.8B
$3.3B
Q1 25
$1.8B
$2.7B
Q4 24
$2.8B
Q3 24
$1.8B
$2.7B
Q2 24
$1.8B
$2.7B
Debt / Equity
NESR
NESR
UVE
UVE
Q1 26
Q4 25
0.18×
Q3 25
0.29×
0.20×
Q2 25
0.31×
0.22×
Q1 25
0.34×
0.24×
Q4 24
0.27×
Q3 24
0.41×
0.25×
Q2 24
0.44×
0.26×

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
UVE
UVE
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
NESR
NESR
UVE
UVE
Q1 26
Q4 25
$381.5M
Q3 25
$6.7M
$62.4M
Q2 25
$98.5M
$106.2M
Q1 25
$20.5M
$186.8M
Q4 24
$137.4M
Q3 24
$70.8M
$82.6M
Q2 24
$73.2M
Free Cash Flow
NESR
NESR
UVE
UVE
Q1 26
Q4 25
$377.1M
Q3 25
$-34.1M
$61.3M
Q2 25
$68.7M
$105.2M
Q1 25
$-9.6M
$185.5M
Q4 24
$130.0M
Q3 24
$43.4M
$81.0M
Q2 24
$71.6M
FCF Margin
NESR
NESR
UVE
UVE
Q1 26
Q4 25
92.4%
Q3 25
-11.5%
15.3%
Q2 25
21.0%
26.3%
Q1 25
-3.2%
47.0%
Q4 24
33.8%
Q3 24
12.9%
20.9%
Q2 24
18.8%
Capex Intensity
NESR
NESR
UVE
UVE
Q1 26
Q4 25
1.1%
Q3 25
13.8%
0.3%
Q2 25
9.1%
0.2%
Q1 25
9.9%
0.3%
Q4 24
1.9%
Q3 24
8.1%
0.4%
Q2 24
0.4%
Cash Conversion
NESR
NESR
UVE
UVE
Q1 26
Q4 25
5.73×
Q3 25
0.38×
1.57×
Q2 25
6.48×
3.03×
Q1 25
1.97×
4.51×
Q4 24
22.82×
Q3 24
3.43×
Q2 24
2.07×

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%

UVE
UVE

Segment breakdown not available.

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