Company Analysis

Nine Energy Service, Inc. (NINE)

NYSE: NINE · Oil & Gas Field Services, NEC · Houston, TX · filing with the SEC since 2011
Grade2.4
◀ Past 1.9● Present 2.2▶ Future 3.2

The grade of Nine Energy Service, Inc.

Nine metrics read from its own filings, by tense
Headline grade
2.4/10
◀ Past1.930% of the headline
● Present2.240% of the headline
▶ Future3.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

1.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
0.2/10

Has it survived what it has been through?

8 warning events since 2017; the latest 2026-03-10.

weight 33% of this tense · 2nd percentile among 21 sector filers · read for itself

From the record

Nine Energy Service, Inc.'s filings since 2017 show 8 warning events of 3 kinds: a bankruptcy or receivership notice (8-K item 1.03, 2 times, the latest 2026-03-10); a debt default or acceleration notice (8-K item 2.04, the latest 2026-02-02); a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2026-02-06) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.1/10

What has it actually done, year after year?

+7.9% a year over 10 filed years; profitable in 1 of 10.

weight 45% of this tense · 31st percentile among 20 sector filers · read for its customers

From the record

Nine Energy Service, Inc.'s 10 filed years say what it did: revenue went from $282 million in fiscal 2016 to $562 million in fiscal 2025, up 7.9% a year; it rose in 7 of 9 years; the deepest fall was 63% from fiscal 2019 to fiscal 2020; net income was positive in 1 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.9%bottom 38% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profitbottom 3% of its family
  • the deepest fall from a revenue peak62.7%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.9/10

How has it treated the people who own it?

Share count grew 8.3% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 19th percentile among 17 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Nine Energy Service, Inc.'s diluted share count grew about 8.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 19% of its family
  • cash returned against operating cash flowbottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

2.2/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
0.8/10

Is it financially healthy right now?

Leverage 134%: owes 134¢ per asset dollar.

weight 33% of this tense · 8th percentile among 20 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Nine Energy Service, Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 134 cents per dollar of assets, and net share issuance: its share count grew 10.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 3% of its family
  • the share count against the year beforebottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.5/10

How strong is its position in its industry?

bottom 25% of 20 in its family; net margin -9.1%.

weight 45% of this tense · 25th percentile among 20 sector filers · read for its customers

From the record

Nine Energy Service, Inc.'s standing among 20 graded names in its industry family: revenue of $562 million in fiscal 2025 ranks in the bottom 36% by size; a net margin of -9.1% ranks in the bottom 18%; revenue growth of -1.8% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

What it rests on

  • revenue against the family$562Mbottom 36% of its family
  • net margin-9.1%bottom 18% of its family
  • three-year revenue growth-1.8%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.4/10

What are the people in charge doing?

bottom 34% of 17 in its family for leadership; chief executive since 2018.

weight 22% of this tense · 34th percentile among 17 sector filers · read for its shareholders

From the record

Nine Energy Service, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Fox, Ann G (President, Chief Executive Officer and Director. The Form 4 filed on behalf of the Reporting Person on 3/6/2026 inadvertently included a che, as filed), filing under that title since 2018-01-18, 8.8 years (top 23% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 1.7 years (bottom 4%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 22%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 15 peoplebottom 22% of its family
  • the median years the people in charge have filed1.7 yearsbottom 4% of its family
  • the chief executive's years on the record8.8 yearstop 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.8/10

How much room does it have to grow?

bottom 18% of 20 in its family for room to expand.

weight 22% of this tense · 18th percentile among 20 sector filers · read for itself

From the record

Nine Energy Service, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $20 million against debt of $342 million leaves -94.8% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is -4.1% of revenue (bottom 33%) (its annual report).

What it rests on

  • cash less debt against assets-94.8%bottom 3% of its family
  • cash from operations less capital spending against revenue-4.1%bottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.4/10

What could actually drive growth from here?

bottom 34% of 20 in its family for growth drivers.

weight 45% of this tense · 34th percentile among 20 sector filers · read for its customers

From the record

Nine Energy Service, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -1.8% a year over the last three filed years against 7.9% over all 10, slowing (bottom 28% of its family); the newest year grew 1.4% (top 42%); capital spending grew -17.6% a year (bottom 18%) (its annual reports). Nine Energy Service, Inc. reported 4 product lines in fiscal 2025: Cement at $211 million (38%), Tool Revenue at $131 million (23%), Wireline at $116 million (21%), and 1 more; 2 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-9.7 points a yearbottom 28% of its family
  • the newest year's revenue growth1.4%top 42% of its family
  • three-year growth of capital spending-17.6%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.0/10

Did its newest year beat what its own record pointed to?

bottom 40% of 18 in its family for expectations against reality.

weight 33% of this tense · 40th percentile among 18 sector filers · read for its shareholders

From the record

Nine Energy Service, Inc.'s newest year against its own record: revenue of $562 million in fiscal 2025 came in 4.9% above the $535 million its prior three years' pace pointed to (top 19% of its family); net income of $51 million against a prior three-year average of $20 million (bottom 14%); a net margin of -9.1% against -3.4% before (bottom 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace4.9%top 19% of its family
  • net income against the prior three years' average-161%bottom 14% of its family
  • net margin against its prior average-5.7 pointsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NINE · research, not advice