Nine Energy Service, Inc. (NINE) Key Metrics
NINE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $117.0M
- Enterprise value
- $237.0M
- P/E (TTM)
- —
- Forward P/E
- 16.3
- PEG ratio
- —
- Price / sales
- 0.2
- Price / book
- 1.0
- EV / EBITDA
- 9.5
- Dividend yield
- —
- Beta
- 2.48
NINE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNINE returns How much profit the business earns on the capital it uses.
Return on invested capital−2.4 pts
0.1%
2025 · hover or tap a bar for each year
20162025
Return on assets−3.6 pts
−14.4%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin−3.9 pts
−4.1%
2025 · hover or tap a bar for each year
20162025
Asset turnover+8.3%
1.57
2025 · hover or tap a bar for each year
20162025
NINE per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−7.9%
$13.73
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$1.25
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
−$0.57
2025 · hover or tap a bar for each year
20162025
Book value per share
−$2.81
2025 · hover or tap a bar for each year
20162025
Shares outstanding+10.1%
40.9M
2025 · hover or tap a bar for each year
20162025
NINE financial health Debt, liquidity and how easily interest is covered.
Net debt+$31.9M
$362.8M
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA+1.33
6.80
2025 · hover or tap a bar for each year
20162025
Current ratio−11.6%
1.85
2025 · hover or tap a bar for each year
20162025
Interest coverage−95.7%
0.0
2025 · hover or tap a bar for each year
20162025
Debt / assets+8.6%
1.08
2025 · hover or tap a bar for each year
20162025
NINE efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−5 days
51 days
2025 · hover or tap a bar for each year
20162025
Days of inventory0 days
39 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+3 days
29 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle−8 days
61 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue+0.2 pts
2.8%
2025 · hover or tap a bar for each year
20162025
NINE returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NINE debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NINE cash returned to shareholders
DividendsBuybacksFree cash flow
NINE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Per share | ||||||||||
| Revenue per share | $13.73 | $14.91 | $18.31 | $18.40 | $11.53 | $10.45 | $28.42 | $33.89 | $23.45 | $13.14 |
| Earnings per share | −$1.25 | −$1.11 | −$0.97 | $0.45 | −$2.13 | −$12.74 | −$7.43 | −$2.17 | −$2.92 | −$3.30 |
| Operating cash flow per share | −$0.18 | $0.35 | $1.37 | $0.52 | −$1.33 | −$0.16 | $3.46 | $3.67 | $0.24 | −$0.15 |
| Free cash flow per share | −$0.57 | −$0.04 | $0.63 | −$0.37 | −$1.84 | −$0.48 | $1.24 | $1.76 | −$1.71 | −$0.58 |
| Cash per share | $0.48 | $0.75 | $0.93 | $0.54 | $0.71 | $2.32 | $3.17 | $2.61 | $0.76 | $0.19 |
| Book value per share | −$2.81 | −$1.78 | −$1.07 | −$0.73 | −$1.30 | $0.69 | $13.30 | $24.37 | $12.39 | $13.41 |
| Tangible book value per share | −$4.47 | −$3.91 | −$3.79 | −$3.89 | −$5.14 | −$3.77 | −$1.89 | $0.20 | $5.61 | $4.04 |
| Dividends per share | — | — | — | — | — | — | $0.00 | $23.10 | $0.11 | $0.11 |
| Capex per share | $0.39 | $0.40 | $0.74 | $0.89 | $0.51 | $0.32 | $2.22 | $1.91 | $1.95 | $0.42 |
| Debt per share | $9.35 | $9.65 | $11.01 | $11.71 | $12.28 | $12.92 | $13.49 | $17.53 | $10.42 | $11.38 |
| Shares outstanding | 40.9M | 37.2M | 33.3M | 32.3M | 30.3M | 29.7M | 29.3M | 24.4M | 23.2M | 21.5M |
| Change in shares outstanding | +10.1% | +11.7% | +3.2% | +6.4% | +1.9% | +1.5% | +20.1% | +5.3% | +7.9% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | — | — | −184.7% | −44.2% | −12.0% | −23.5% | −22.1% |
| Return on invested capital (ROIC) | 0.1% | 2.5% | 4.4% | 13.0% | −12.2% | −58.9% | −17.5% | −3.0% | −8.7% | −11.8% |
| Return on assets (ROA) | −14.4% | −10.8% | −7.8% | 3.6% | −15.7% | −58.6% | −21.9% | −6.2% | −11.7% | −11.5% |
| Return on tangible assets | −18.0% | −14.6% | −10.3% | 4.4% | −24.3% | −122.2% | −53.7% | −9.6% | −16.1% | −18.9% |
| Free cash flow margin | −4.1% | −0.3% | 3.4% | −2.0% | −16.0% | −4.6% | 4.4% | 5.2% | −7.3% | −4.4% |
| Income quality (OCF / net income) | — | — | — | 1.16 | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $382.6M | $358.8M | $366.3M | $377.8M | $372.1M | $384.3M | $395.3M | $428.0M | $241.5M | $244.5M |
| Cash & short-term investments | $19.8M | $27.9M | $30.8M | $17.4M | $21.5M | $68.9M | $93.0M | $63.6M | $17.5M | $4.1M |
| Net debt | $362.8M | $330.9M | $335.5M | $360.4M | $350.6M | $315.4M | $302.3M | $364.4M | $224.0M | $240.5M |
| Debt / equity | — | — | — | — | — | 18.83 | 1.01 | 0.72 | 0.84 | 0.85 |
| Debt / assets | 1.08 | 1.00 | 0.91 | 0.89 | 0.97 | 0.87 | 0.46 | 0.38 | 0.42 | 0.42 |
| Net debt / EBITDA | 6.80 | 5.47 | 4.62 | 3.74 | 16.72 | — | — | 13.64 | 42.63 | — |
| Current ratio | 1.85 | 2.09 | 2.22 | 2.43 | 2.47 | 3.83 | 4.39 | 3.08 | 0.51 | 1.83 |
| Quick ratio | 1.23 | 1.47 | 1.56 | 1.66 | 1.72 | 2.94 | 3.40 | 2.23 | 0.44 | 1.53 |
| Interest coverage | 0.0 | 0.2 | 0.3 | 1.3 | -1.5 | -10.4 | -4.6 | -1.3 | -3.6 | -5.9 |
| Working capital | $77.4M | $88.9M | $100.9M | $115.7M | $82.8M | $122.7M | $207.7M | $224.9M | −$139.2M | $41.2M |
| Invested capital | $247.9M | $264.8M | $299.8M | $336.9M | $311.3M | $335.8M | $692.1M | $959.2M | $511.4M | $528.6M |
| Tangible asset value | −$183.0M | −$145.3M | −$126.1M | −$125.5M | −$155.7M | −$112.1M | −$55.3M | $4.9M | $130.1M | $86.8M |
| Net current asset value | −$299.8M | −$255.7M | −$254.0M | −$253.6M | −$281.6M | −$256.0M | −$192.1M | −$213.2M | −$144.3M | −$197.2M |
| Graham net-net per share | −$8.89 | −$8.39 | −$9.40 | −$10.00 | −$10.86 | −$10.16 | −$9.02 | −$12.91 | −$8.12 | −$10.69 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | $15,000 | $563.8M | $2.4M | $2.4M |
| Share buybacks (net) | — | — | $2,000 | $780,000 | $473,000 | $158,000 | $1.6M | $927,000 | $0 | $0 |
| Dividends + buybacks / free cash flow | — | — | 0.0% | — | — | — | 4.6% | — | — | — |
| Capex / revenue | 2.8% | 2.7% | 4.0% | 4.8% | 4.4% | 3.0% | 7.8% | 5.6% | 8.3% | 3.2% |
| Capex / operating cash flow | — | 111.9% | 54.1% | 171.3% | — | — | 64.1% | 52.1% | 797.3% | — |
| Capex / depreciation | 0.32 | 0.30 | 0.46 | 0.58 | 0.29 | 0.16 | 0.94 | 0.73 | 0.73 | 0.14 |
| Stock-based compensation / revenue | 0.4% | 0.5% | 0.4% | 0.4% | 1.5% | 3.1% | 1.7% | 1.6% | 1.4% | 2.0% |
| R&D / revenue | — | — | — | — | — | — | — | 0.2% | — | — |
| SG&A / revenue | 10.6% | 9.3% | 9.8% | 8.7% | 13.0% | 15.9% | 9.8% | 9.2% | 9.1% | 13.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 51.1 | 56.1 | 58.4 | 52.7 | 56.4 | 82.3 | 57.0 | 57.8 | 54.2 | 77.7 |
| Days of inventory on hand | 39.0 | 38.9 | 40.0 | 38.2 | 41.7 | 51.6 | 37.6 | 29.5 | 13.4 | 17.1 |
| Days payables outstanding | 29.0 | 25.7 | 26.0 | 26.0 | 24.2 | 27.9 | 20.2 | 19.7 | 17.3 | 21.9 |
| Cash conversion cycle (days) | 61.2 | 69.4 | 72.4 | 65.0 | 73.9 | 106.1 | 74.4 | 67.6 | 50.3 | 72.9 |
| Receivables turnover | 7.14 | 6.50 | 6.25 | 6.92 | 6.47 | 4.44 | 6.41 | 6.31 | 6.73 | 4.70 |
| Payables turnover | 12.60 | 14.22 | 14.06 | 14.03 | 15.08 | 13.09 | 18.11 | 18.56 | 21.07 | 16.66 |
| Inventory turnover | 9.35 | 9.38 | 9.12 | 9.54 | 8.76 | 7.07 | 9.70 | 12.37 | 27.31 | 21.38 |
| Asset turnover | 1.57 | 1.45 | 1.47 | 1.47 | 0.85 | 0.48 | 0.84 | 0.96 | 0.94 | 0.46 |
| Average receivables | $78.7M | $85.2M | $97.5M | $85.7M | $54.0M | $70.1M | $130.0M | $131.0M | $80.8M | $60.1M |
| Average payables | $39.8M | $34.7M | $37.8M | $35.4M | $23.4M | $26.8M | $40.8M | $37.9M | $24.2M | $18.6M |
| Average inventory | $53.7M | $52.6M | $58.3M | $52.1M | $40.3M | $49.7M | $76.2M | $56.8M | $18.7M | $14.5M |
| Intangibles / total assets | 19.2% | 22.0% | 22.5% | 23.9% | 30.5% | 29.9% | 52.3% | 51.7% | 27.2% | 35.0% |
Computed from NINE's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NINE valuation and financial ratios
Nine Energy Service earned a return on invested capital of 0.1% in fiscal 2025. It ended the year with $382.6 million of debt and $19.8 million in cash and short-term investments, net debt of $362.8 million. The share count rose 90.4% from 21.5M to 40.9M over 9 years.
See the NINE income statement, the NINE chart for price history, or the NINE stock overview for the latest quote and news.
NINE key metrics FAQ
What is Nine Energy Service's ROIC?
Nine Energy Service's return on invested capital was 0.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Nine Energy Service have?
Nine Energy Service had total debt of $382.6 million at the end of fiscal 2025 and $362.8 million of net debt (6.80 times EBITDA).
What is Nine Energy Service's current ratio?
Nine Energy Service's current ratio was 1.85 at the end of fiscal 2025: current assets were 1.85 times current liabilities.