Nine Energy Service Inc. Common Stock (NINE)

FairStock Score: 15/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking at Nine Energy Service as a cyclical oilfield services business, not a wonderful franchise. It provides cementing and completion tools to unconventional oil and gas operators. Its scale is small—market cap $110.9 million at the 2026-10-13 close of $7.95—and its results show why scale matters. In fiscal 2023, revenue was $609.5 million and net income was -$32.2 million, or -$0.97 per diluted share. In fiscal 2024, revenue fell to $554.1 million and net loss widened to -$41.1 million, or -$1.11 per share. In fiscal 2025, revenue recovered to $561.9 million, but net loss widened again to -$51.3 million, or -$1.25 per share. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $141.8 million and net loss was -$4.9 million. That is a narrow loss but still a loss. The moat is thin. Oilfield services are competitive, capital-intensive, and tied to drilling budgets. FairStock reports a negative return on capital employed of -4.42%, negative trailing free cash flow of -$26.2 million, and a -23.7% free cash flow yield. Debt to equity is 0.99, and Altman Z-score 1.24 suggests financial fragility. The Piotroski F-score of 6/9 is middling, not a strong all-clear. Valuation is the only real attraction. P/B is 0.86, EV/EBITDA is 4.84, and the P/E is -6.26 because earnings are negative. The stock is near the low end of its 52-week range. FairStock labels it a TURNAROUND. Until cash flow turns positive and losses shrink meaningfully, this is a speculative cyclical, not a Graham-style bargain.

In plain English: Nine Energy Service helps oil and gas companies finish wells, mainly with cementing and completion tools in North America. The business looks weak right now because it has been losing money and burning cash. The stock price is low compared with the company's net asset value on the books, but with negative profits it is hard to call it clearly cheap on earnings.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer