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Stocks · Energy · Oil & Gas Field Services, NEC

Nine Energy Service, Inc.

NINE Clue Score30
United States Fiscal year ends December CIK 0001532286
$7.74 -1.02% Close, 9 Oct 2026
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Price $7.74 +237.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 19 Jan 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue282.4Operating income−83.0Net income−70.9EPS, diluted−5.34Fiscal year 2017Revenue543.7 +92.5%Operating income−57.0Net income−67.7EPS, diluted−4.55Fiscal year 2018Revenue827.2 +52.1%Operating income−28.3Net income−53.0EPS, diluted−2.17Fiscal year 2019Revenue832.9 +0.7%Operating income−182.7Net income−217.8EPS, diluted−7.43Fiscal year 2020Revenue310.9 −62.7%Operating income−383.2Net income−378.9EPS, diluted−12.74Fiscal year 2021Revenue349.4 +12.4%Operating income−50.0Net income−64.6EPS, diluted−2.13Fiscal year 2022Revenue593.4 +69.8%Operating income43.6Net income14.4EPS, diluted0.45Fiscal year 2023Revenue609.5 +2.7%Operating income17.6Net income−32.2 −323.8%EPS, diluted−0.97Fiscal year 2024Revenue554.1 −9.1%Operating income8.9Net income−41.1EPS, diluted−1.11Fiscal year 2025Revenue561.9 +1.4%Operating income2.3Net income−51.3EPS, diluted−1.25
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 282.4 543.7 827.2 832.9 310.9 349.4 593.4 609.5 554.1 561.9
Growth +92.5% +52.1% +0.7% −62.7% +12.4% +69.8% +2.7% −9.1% +1.4%
Operating income −83.0 −57.0 −28.3 −182.7 −383.2 −50.0 43.6 17.6 8.9 2.3
Net income −70.9 −67.7 −53.0 −217.8 −378.9 −64.6 14.4 −32.2 −41.1 −51.3
Growth −323.8%
EPS, diluted −5.34 −4.55 −2.17 −7.43 −12.74 −2.13 0.45 −0.97 −1.11 −1.25

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin12.8%Operating margin−29.4%Net margin−25.1%Free cash flow margin−4.4%Fiscal year 2017Gross margin17.5%Operating margin−10.5%Net margin−12.4%Free cash flow margin−7.3%Fiscal year 2018Gross margin22.7%Operating margin−3.4%Net margin−6.4%Free cash flow margin5.2%Fiscal year 2019Gross margin19.6%Operating margin−21.9%Net margin−26.1%Free cash flow margin4.4%Fiscal year 2020Gross margin2.8%Operating margin−123.3%Net margin−121.9%Free cash flow margin−4.6%Fiscal year 2021Operating margin−14.3%Net margin−18.5%Free cash flow margin−16.0%Fiscal year 2022Operating margin7.3%Net margin2.4%Free cash flow margin−2.0%Fiscal year 2023Operating margin2.9%Net margin−5.3%Free cash flow margin3.4%Fiscal year 2024Operating margin1.6%Net margin−7.4%Free cash flow margin−0.3%Fiscal year 2025Operating margin0.4%Net margin−9.1%Free cash flow margin−4.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 12.8% 17.5% 22.7% 19.6% 2.8% n/a n/a n/a n/a n/a
Operating margin −29.4% −10.5% −3.4% −21.9% −123.3% −14.3% 7.3% 2.9% 1.6% 0.4%
Net margin −25.1% −12.4% −6.4% −26.1% −121.9% −18.5% 2.4% −5.3% −7.4% −9.1%
Free cash flow margin −4.4% −7.3% 5.2% 4.4% −4.6% −16.0% −2.0% 3.4% −0.3% −4.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−3.3Capital expenditure−9.1Free cash flow−12.4Fiscal year 2017Operating cash flow5.7Capital expenditure−45.2Free cash flow−39.5Fiscal year 2018Operating cash flow89.6Capital expenditure−46.6Free cash flow42.9Fiscal year 2019Operating cash flow101.3Capital expenditure−65.0Free cash flow36.3 −15.3%Fiscal year 2020Operating cash flow−4.9Capital expenditure−9.4Free cash flow−14.3 −139.4%Fiscal year 2021Operating cash flow−40.4Capital expenditure−15.4Free cash flow−55.8Fiscal year 2022Operating cash flow16.7Capital expenditure−28.6Free cash flow−11.9Fiscal year 2023Operating cash flow45.5Capital expenditure−24.6Free cash flow20.9Fiscal year 2024Operating cash flow13.2Capital expenditure−14.8Free cash flow−1.6 −107.5%Fiscal year 2025Operating cash flow−7.3Capital expenditure−15.9Free cash flow−23.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −3.3 5.7 89.6 101.3 −4.9 −40.4 16.7 45.5 13.2 −7.3
Capital expenditure −9.1 −45.2 −46.6 −65.0 −9.4 −15.4 −28.6 −24.6 −14.8 −15.9
Free cash flow −12.4 −39.5 42.9 36.3 −14.3 −55.8 −11.9 20.9 −1.6 −23.3
Growth −15.3% −139.4% −107.5%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.1Shareholders’ equity288.2Fiscal year 2017Cash17.5Total debt241.5Net cash (debt)−224.0Shareholders’ equity287.4Debt to equity0.84Fiscal year 2018Cash63.6Total debt425.0Net cash (debt)−361.4Shareholders’ equity594.8Debt to equity0.71Fiscal year 2019Cash93.0Total debt392.1Net cash (debt)−299.1Shareholders’ equity389.9Debt to equity1.01Fiscal year 2020Cash68.9Total debt343.6Net cash (debt)−274.7Shareholders’ equity20.4Debt to equity16.83Fiscal year 2021Cash21.5Total debt334.4Net cash (debt)−312.9Shareholders’ equity−39.3Fiscal year 2022Cash17.4Total debt340.3Net cash (debt)−322.9Shareholders’ equity−23.5Fiscal year 2023Cash30.8Total debt323.4Net cash (debt)−292.5Shareholders’ equity−35.6Fiscal year 2024Cash27.9Total debt320.8Net cash (debt)−293.0Shareholders’ equity−66.1Fiscal year 2025Cash18.4Total debt347.9Net cash (debt)−329.4Shareholders’ equity−115.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.1 17.5 63.6 93.0 68.9 21.5 17.4 30.8 27.9 18.4
Total debt n/a 241.5 425.0 392.1 343.6 334.4 340.3 323.4 320.8 347.9
Net cash (debt) n/a −224.0 −361.4 −299.1 −274.7 −312.9 −322.9 −292.5 −293.0 −329.4
Shareholders’ equity 288.2 287.4 594.8 389.9 20.4 −39.3 −23.5 −35.6 −66.1 −115.0
Debt to equity n/a 0.84 0.71 1.01 16.83 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
12.8% 17.5% 22.7% 19.6% 2.8% n/a n/a n/a n/a n/a
−29.4% −10.5% −3.4% −21.9% −123.3% −14.3% 7.3% 2.9% 1.6% 0.4%
−34.4% −13.4% −6.1% −26.6% −122.7% −18.5% 2.5% −5.2% −7.4% −9.2%
−25.1% −12.4% −6.4% −26.1% −121.9% −18.5% 2.4% −5.3% −7.4% −9.1%
−4.4% −7.3% 5.2% 4.4% −4.6% −16.0% −2.0% 3.4% −0.3% −4.1%
Spending
13.9% 9.1% 8.8% 9.8% 15.9% 13.0% 8.7% 9.8% 9.3% 10.6%
3.2% 8.3% 5.6% 7.8% 3.0% 4.4% 4.8% 4.0% 2.7% 2.8%
n/a n/a n/a n/a n/a n/a 3.7% n/a n/a n/a
Returns
−24.6% −23.6% −8.9% −55.9% −1,856.8% n/a n/a n/a n/a n/a
n/a −11.7% −4.6% −25.6% −85.6% −16.9% 3.4% −8.0% −11.4% −15.1%
Balance and payout
n/a 0.84 0.71 1.01 16.83 n/a n/a n/a n/a n/a
n/a 50.4% 47.9% 54.2% 95.4% 110.3% 105.5% 108.9% 118.3% 133.9%