NESR · CIK 0001698514 · FY2025 live · 2025-12-31
National Energy Services Reunited Corp.
View as
Model
Z″
FY2025
1.71
Zone
Grey
Prior
—
Market DD
—
1y PD
—
1.71
Classic Z 1.61
Z″ 1.71 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
0.016.56 × = 0.09X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.043.26 × = 0.11X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.056.72 × = 0.36X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.
1.101.05 × = 1.15
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
60
0–100 · Z″ family
Book standing
57
Year change
—
Market PD
—
O-score
68
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
National Energy Services Reunited Corp. is on Z″ at 1.71 (grey) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ omits sales/assets so asset-light names keep turnover from dragging the score. X4 is book equity on every name.
Book screen Grey; market PD —. Market PD has not been priced on this name.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 51st percentile in Energy.
Filing line items
Current assets
$630M
Total assets
$1.9B
Current liabilities
$605M
Total liabilities
$884M
Working capital
$25M
Retained earnings
$65M
EBIT
$98M
Total sales
$1.3B
Book equity
$968M
Accession 0001493152-26-009139. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.