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National Energy Services Reunited vs ProFrac Holding: NESR and ACDC compared
National Energy Services Reunited is the larger company: $521M of revenue in its latest quarter (Q2 2026) against $511M for ProFrac Holding (Q3 2026). National Energy Services Reunited is growing faster (+59% against +27% a year earlier). National Energy Services Reunited is more profitable, with an operating margin of 12.5% against -6.7%.
Where the money goes: NESR and ACDC
National Energy Services Reunited (NESR) · Q2 2026
National Energy Services Reunited, Q2 2026: revenue $521M (+59% year over year), operating margin 12.5%, net earnings $44.0M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
ProFrac Holding (ACDC) · Q3 2026
ProFrac Holding, Q3 2026: revenue $511M (+27% year over year), operating margin -6.7%, net loss $74.0M, operating cash flow $51.1M. The chart follows the revenue to costs, profit and cash.
| National Energy Services Reunited (NESR) | ProFrac Holding (ACDC) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $521M | $511M |
| Revenue growth, Y/Y | +59% | +27% |
| Gross margin | 15.6% | — |
| Operating margin | 12.5% | -6.7% |
| Net earnings | $44.0M | −$74.0M |
| Net margin | 8.5% | -14.5% |
| Operating cash flow | $174M | $51.1M |
| Free cash flow | $99.9M | $13.5M |
| Market value | $2.1B | $547M |
| P/E | 22.1× | — |
| Analysts’ mean target | $40.67 | $5.49 |
Where the revenue comes from
National Energy Services Reunited
- Production Services: $330M (63%)
- Drilling and Evaluation Services: $191M (37%)
ProFrac Holding
- Service: $432M (84%)
- Product: $79.6M (16%)
Questions
Which is bigger, National Energy Services Reunited or ProFrac Holding?
National Energy Services Reunited is the larger company: $521M of revenue in its latest quarter (Q2 2026) against $511M for ProFrac Holding (Q3 2026).
Is National Energy Services Reunited or ProFrac Holding growing faster?
National Energy Services Reunited is growing faster (+59% against +27% a year earlier).
Which is more profitable, National Energy Services Reunited or ProFrac Holding?
National Energy Services Reunited is more profitable, with an operating margin of 12.5% against -6.7%.
More: National Energy Services Reunited earnings · how National Energy Services Reunited makes money · ProFrac Holding earnings · how ProFrac Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.