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NYSE · OIL & GAS FIELD SERVICES, NEC · SMALL CAP

Nine Energy Service, Inc. NINE

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$561.9M
▲ 1.4% YoY
$-51.3M
$-23.3M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Nine Energy Service, Inc. provides completion services targeting unconventional oil and gas resource development across North American basins and abroad. It partners with its exploration and production customers to design and deploy downhole solutions and technology to prepare horizontal, multistage wells for production. From January 2018 through December 2025, it completed approximately 30,300 cementing jobs, with an on-time rate of approximately 89%. From January 2018 through December 2025, it completed approximately 221,200 wireline stages with a success rate of over 99%. It operates in all major onshore basins in the U.S., including the Permian Basin, Marcellus and Utica Shales, Eagle Ford Shale, DJ Basin, SCOOP/STACK Formation, Bakken Formation, and Haynesville Formation as well as the Western Canada Sedimentary Basin in Canada. For the year ended December 31, 2025, its top five customers collectively accounted for approximately 24% of its revenues. As of December 31, 2025, it had 1,072 employees, all of which were full-time. Nine Energy Service, Inc. was formed in February 2013 through a combination of three service companies owned by SCF Partners, L.P. or its affiliates.

Written from the business description in Nine Energy Service, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth

USD 561.9M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 561.9 · Net income -51.3
300M600M-150M-300M
2016201920222025
Compound annual growth
−1.8%
+12.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−9 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 0.4% · Net -9.1%
-50%-100%
201620202025
ROE
FY2020 · ROE -184.7%
-50%-100%-150%
201620202025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: 1%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -23.3
20M40M-20M-40M
201620202025

Total assetsUSD 339.5M
EquityUSD -115.0M
CashUSD 18.4M
Gross debtUSD 347.9M
Net debtUSD 329.4M
Current ratio1.85×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
NINE, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B0.60.60.60.60.30.30.80.80.50.3
Operating income $B0.00.00.00.0−0.1−0.4−0.2−0.0−0.1−0.1
EBITDA $B0.00.00.00.1−0.0−0.4−0.10.0−0.0−0.0
Income tax $B−0.00.00.00.0−0.0−0.0−0.00.0−0.0−0.0
Net income $B−0.1−0.0−0.00.0−0.1−0.4−0.2−0.1−0.1−0.1
Free cash flow $B−0.0−0.00.0−0.0−0.1−0.00.00.0−0.0−0.0
EPS, diluted $−1.25−1.11−0.970.45−2.13−12.74−7.43−2.17−4.55−5.34
Dividend / sh $◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %—————−184.7−44.2−12.0−23.5−24.6
Shares out B0.040.040.040.030.030.030.030.030.02◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 43 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityOil & Gas Field Services, NEC
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2016

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