NINENYSEOil & Gas Field Services, NECFiscal year ends December 31
Nine Energy Service, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$8.19−0.20 (-2.38%)
Close on Oct 19, 2026
- Market cap
- $114.25M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
–
Operating margin
0.4%+123.7 pts over 5 years
Net margin
-9.1%+112.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.4% | -1.8% | +12.6% | – | |
| Operating income | -73.7% | -62.2% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -22.1% | -184.7% | 56.7% | |
| Return on assets | – | -58.6% | -14.7% | |
| Current ratio | – | 3.83 | 1.85 | |
| Debt to equity | – | 16.83 | -3.03 | |
| Interest coverage | -5.9× | -10.4× | 0.0× | |
| Inventory turnover | – | 6.1× | – | |
| Capex to revenue | 3.2% | 3.0% | 2.8% | |
| Diluted shares | 13M | 30M | 41M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nine Energy Service generated $123.10M from operations and spent $99.28M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$123.10M
Used
$99.28M
Capital expenditure$99.28M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-9.1%
×Asset turnover1.61×
×Equity multiplier-3.86×
=Return on equity, FY202556.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -9.1% | 1.61× | -3.86× | 56.7% |
| FY2024 | -7.4% | 1.45× | -7.49× | 80.8% |
| FY2023 | -5.3% | 1.47× | -14.02× | 108.9% |
| FY2022 | 2.4% | 1.47× | -12.88× | -45.9% |
| FY2021 | -18.5% | 0.85× | -43.71× | 684.9% |
| FY2020 | -121.9% | 0.48× | 3.15× | -184.7% |
| FY2019 | -26.1% | 0.84× | 2.02× | -44.2% |
| FY2018 | -6.4% | 0.96× | 1.95× | -12.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$51.32M
- Cash generatingOperating cash flow above zero-$7.31M
- Return on assets improvedROA up on the prior year-10.2% → -14.3%
- Earnings backed by cashOperating cash flow above net income-$7.31M vs -$51.32M
- Less leverageLong-term debt to assets fell88.1% → 100.6%
- Better liquidityCurrent ratio rose2.09 → 1.85
- No dilutionShare count did not rise37M → 41M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.38 → 1.56