NINE
Nine Energy Service, Inc.
NINE's fundamentals are mixed. Its PE isn't a useful guide right now because of how its recent earnings were reported.
NINE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Weak | |
| Strong |
NINE's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
NINE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 1.1x | $7.16 | — |
| Cheap | 1.2x | $7.58 | +5.8% |
| Fair | 1.3x | $8.48 | +18% |
| Expensive | 1.6x | $10.58 | +48% |
| Forward | 62x | $7.16 | — |
Historical ranges are pointers, not guarantees.
NINE's PE is 1.1x, but its earnings don't support one, so it isn't a reliable read right now.
NINE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect NINE to return to profit, with revenue growing. However, they disagree widely on these estimates.
NINE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.11 | -98% |
| Q3 2026 | $6.46 | +$7.45 |
| Q2 2026 | $6.47 | +$7.37 |
| Q1 2026 | $6.57 | +$7.62 |
| Q4 2025 | -$1.25 | -$0.14 |
| Q3 2025 | -$0.99 | +$0.22 |
| Q2 2025 | -$0.90 | +$0.44 |
| Q1 2025 | -$1.05 | -$0.03 |
| Q4 2024 | -$1.11 | -$0.14 |
NINE has returned to profit: it earned $6.46 per share over the past year, after losing money the year before. Its recent earnings include one-off gains.
NINE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $142M | +7.6% |
| Q2 2026 | $141.8M | -3.7% |
| Q1 2026 | $130M | -14% |
| Q4 2025 | $132.2M | -6.5% |
| Q3 2025 | $132M | -4.4% |
| Q2 2025 | $147.3M | +11% |
| Q1 2025 | $150.5M | +5.9% |
| Q4 2024 | $141.4M | -1.8% |
NINE's revenue is recovering but still below its 2022 peak: $142M last quarter, up 7.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2.4% | -1.5 points |
| Q2 2026 | -2% | -4.3 points |
| Q1 2026 | -4.7% | -8.4 points |
| Q4 2025 | -4.2% | -6.6 points |
| Q3 2025 | -0.9% | -2.6 points |
| Q2 2025 | 2.3% | +3.4 points |
| Q1 2025 | 3.7% | +0.6 points |
| Q4 2024 | 2.5% | +1 points |
NINE's operating margin was −2.4% last quarter, down 1.5 points from the same quarter a year ago.
NINE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$18.8M | -$9.5M |
| Q4 2025 | -$4.8M | -141% |
| Q3 2025 | -$13.4M | -$4.2M |
| Q2 2025 | $4.2M | -59% |
| Q1 2025 | -$9.3M | +$5.1M |
| Q4 2024 | $11.8M | -26% |
| Q3 2024 | -$9.3M | +$4.4M |
| Q2 2024 | $10.3M | -52% |
NINE has burned cash in most quarters: −$33M over the past year, against $3M the year before.
NINE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -66% | -26.9M shares |
| 3 years | -58% | -19.3M shares |
| 5 years | -54% | -16.5M shares |
| Available history | -52% | -15.4M shares |
NINE has 14M diluted shares, down 66% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
NINE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 9.0x | High |
| Q3 2025 | 7.1x | High |
| Q2 2025 | 6.2x | High |
| Q1 2025 | 6.6x | High |
| Q4 2024 | 6.4x | High |
NINE's net debt is less than a year of its operating earnings (EBITDA), down from 7.1 years a year ago.
NINE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.9 | Neutral |
| Stochastic | 11.8 | Oversold |
NINE's weekly RSI is 42 (neutral) and its Stochastic is 12 (oversold).
NINE PE vs Energy Sector
| Metric | NINE | Sector median | Relative |
|---|---|---|---|
| PE | 1.1x | 13x | 92% below |
NINE is trading at 1.1x earnings, a 92% discount to the Energy sector's median of 13x, though its earnings don't support one.
NINE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.80 | 8.2% below |
| 20 week MA | $9.73 | 26% below |
NINE is in a downtrend: it's below all two of its weekly moving averages, and 26% below its 20-week average.
NINE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2026 YTD | $8.11 | $7.16 | -12% |
It's down 12% so far in 2026.