Nine Energy Service, Inc.

Nine Energy Service, Inc.

NINEยทNYSE

$8.71

-0.63%
EnergyOil & Gas Equipment & Services

Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. It offers cementing services, which consist of blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well. The company also provides a portfolio of completion tools, such as liner hangers and accessories, fracture isolation packers, frac sleeves, stage one prep tools, frac plugs, casing flotation tools, specialty open hole float equipment, disk subs, composite cement retainers, and centralizers that provide pinpoint frac sleeve system technologies. In addition, it offers wireline services consisting of plug-and-perf completions, which is a multistage well completion technique for cased-hole wells that consists of deploying perforating guns and isolation tools to a specified depth; and coiled tubing services, which perform wellbore intervention operations utilizing a continuous steel pipe that is transported to the wellsite wound on a large spool in lengths of up to 30,000 feet. The company was formerly known as NSC-Tripoint, Inc. and changed its name to Nine Energy Service, Inc. in October 2011. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

At a Glance

Live Snapshot
Market Cap$377.21M
EPS-1.2500
P/E Ratio-0.28
Earnings Date05/07/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.3).

Valuation inputs: P/E -0.3, earnings yield N/A, momentum -0.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +44.6%, ROIC +0.9%).

Profitability stack: net margin -9.1%, ROE +44.6%, ROIC +0.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +133.9%, momentum -0.6%, net margin -9.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

nine

Nine Energy Service, Inc. Market vs Earnings Trajectory

NINE ยท NYSE

Loading price and EPS data...

Nine Energy Service, Inc.

Nine Energy Service, Inc. Fair Value Envelope

NINE ยท NYSE

Our analysis suggests that NINE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.71, this represents a potential HIDDEN relative to our calculated worth for Nine Energy Service, Inc..

Intrinsic Value
Current Price: $8.71
3Y-366.0%
5Y-90.0%
10Y-62.0%
3Y-5.0%
5Y+81.0%
10Y+99.0%
3Y-457.0%
5Y-86.0%
10Y-28.0%
3Y-144.0%
5Y+49.0%
10Y+122.0%
3Y+96.0%
5Y+62.0%
10Y+87.0%
3Y-20.0%
5Y-23.0%
10Y-41.0%
Nine Energy Service, Inc.

Nine Energy Service, Inc. Profit Bridge

NINE ยท NYSE
Revenue561.91M
Cost of Goods Sold (501.75M)
Gross Profit60.16M
Operating Expenses (59.75M)
Operating Income2.35M
Interest Expense (55.21M)
Other Income/Expense-53.84M
Pretax Income-51.49M
Income Tax (-171.00K)
Net Income-51.32M
Net Income
-51.32M

Profitability Analysis

Gross Margin

10.7%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

0.4%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

-9.1%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Non-operating losses: Core business is profitable but other expenses (interest, taxes, one-time items) are driving net losses. Review capital structure and non-operating items.

10.71%
Gross Profit Margin
-2%
3Y-34.0%
5Y-183.0%
10Y-208.0%
0.42%
Operating Profit Margin
-74%
3Y-94.0%
5Y-100.0%
10Y-101.0%
-9.13%
Net Profit Margin
23%
3Y-477.0%
5Y-93.0%
10Y-64.0%
44.64%
Return on Equity
-28%
3Y-173.0%
5Y-102.0%
10Y-281.0%
-15.12%
Return on Assets
33%
3Y-548.0%
5Y-82.0%
10Y+23.0%
0.87%
Return on Invested Capital
-71%
3Y-93.0%
5Y-101.0%
10Y-108.0%
NINE

Nine Energy Service, Inc. Cash Conversion Engine

NINE ยท NYSE
Net Income-51.32M
Depreciation & Amortization34.39M
Stock-Based Compensation2.21M
Change in Working Capital-21.85M
Others29.26M
Capital Expenditures-15.95M
Free Cash Flow-23.25M

Cash Flow Quality Analysis

FCF Conversion Rate

45.3%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

-218.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-1383.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$21.85M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

nine

Nine Energy Service, Inc. Funding & Solvency Profile

NINE ยท NYSE
Cash & Cash Equivalents18.45M
Net Receivables75.98M
Inventory56.55M
Other Current Assets17.85M
Total Current Assets169 M
Property, Plant & Equipment98.39M
Goodwill & Intangible Assets62.97M
Long-Term Investments0.00
Other Non-Current Assets9.28M
Total Non-Current Assets108 M
Total Assets
339.46M

Financial Health Analysis

Current Ratio

1.85x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Working Capital

77 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

50% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

nine

Nine Energy Service, Inc. Street Expectations Map

NINE ยท NYSE

No Target Data

No analyst price targets available for nine.

nine

Nine Energy Service, Inc. Insider Positioning

NINE ยท NYSE

During the last 12 months, there has been no insider trading activity reported for NINE.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
ย 

nine Dividend History

NINE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%