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National Energy Services Reunited vs Expro: NESR and XPRO compared
National Energy Services Reunited is the larger company: $521M of revenue in its latest quarter (Q2 2026) against $440M for Expro (Q3 2026). National Energy Services Reunited is growing faster (+59% against +7% a year earlier). National Energy Services Reunited is more profitable, with an operating margin of 12.5% against 1.1%.
Where the money goes: NESR and XPRO
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.
Expro (XPRO) · Q3 2026
Expro, Q3 2026: revenue $440M (+7% year over year), operating margin 1.1%, net loss $5.2M, operating cash flow $65.0M. The chart follows the revenue to costs, profit and cash.
| National Energy Services Reunited (NESR) | Expro (XPRO) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $521M | $440M |
| Revenue growth, Y/Y | +59% | +7% |
| Gross margin | 15.6% | — |
| Operating margin | 12.5% | 1.1% |
| Net earnings | $44.0M | −$5.2M |
| Net margin | 8.5% | -1.2% |
| Operating cash flow | $174M | $65.0M |
| Free cash flow | $99.9M | $33.5M |
| Market value | $2.1B | $1.6B |
| P/E | 22.1× | — |
| Analysts’ mean target | $40.67 | $16.80 |
Where the revenue comes from
National Energy Services Reunited
- Production Services: $330M (63%)
- Drilling and Evaluation Services: $191M (37%)
Expro
- NLA: $155M (35%)
- ESSA: $149M (34%)
- AMENA: $136M (31%)
Questions
Which is bigger, National Energy Services Reunited or Expro?
National Energy Services Reunited is the larger company: $521M of revenue in its latest quarter (Q2 2026) against $440M for Expro (Q3 2026).
Is National Energy Services Reunited or Expro growing faster?
National Energy Services Reunited is growing faster (+59% against +7% a year earlier).
Which is more profitable, National Energy Services Reunited or Expro?
National Energy Services Reunited is more profitable, with an operating margin of 12.5% against 1.1%.
More: National Energy Services Reunited earnings · how National Energy Services Reunited makes money · Expro earnings · how Expro makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.