Which has the lower trailing P/E, NESR or SHLS?

NESR has the lower trailing P/E: NESR trades at 26.75 and SHLS at 45.62. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, NESR or SHLS?

Over the past five years, SHLS grew revenue faster — NESR at a 12.99% CAGR versus SHLS at 24.49%.

Is NESR or SHLS more profitable?

NESR runs the higher net margin — NESR at 5.77% versus SHLS at 5.41%.

How have NESR and SHLS total returns compared?

Over the past 5 years, NESR delivered 13.30% and SHLS delivered -21.69% annualized total return. Past performance doesn't predict future results.

National Energy Services Reunited Corp. (NESR) vs Shoals Technologies Group, Inc. (SHLS)

A side-by-side comparison of National Energy Services Reunited Corp. and Shoals Technologies Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

NESR

National Energy Services Reunited Corp.

$2.47B

$24.51EnergyDelayed quote: Oct 6, 2026, 4:00 PM EDT

SHLS

Shoals Technologies Group, Inc.

$1.42B

$8.49EnergyDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — NESR vs SHLS

growth of $100 · dividends reinvested · last 6y

NESR +137.2% (+15.5%/yr)SHLS -73.7% (-20.0%/yr)NESR compounded faster over this window

Log scale — wide-divergence pair

NESR SHLS

NESR vs SHLS: by the numbers

•NESR is the larger company ($2.47B vs $1.42B market cap).
•NESR trades at the lower trailing earnings multiple (26.75 vs 45.62 P/E), one valuation lens rather than an overall verdict.
•NESR converts more revenue to profit (5.77% vs 5.41% net margin).
•SHLS grew revenue faster over the past five years (24.49% vs 12.99% CAGR).

Metrics side by side

Valuation

Metric	NESR	SHLS
P/E ratio	26.75	45.62
Forward P/E	14.41	19.62
PEG ratio	1.13	N/A
P/S ratio	1.53	2.42
P/B ratio	2.37	2.31
EV / EBITDA	8.92	21.39
FCF yield	6.32%	N/A

Profitability

Metric	NESR	SHLS
Gross margin	12.50%	31.92%
Operating margin	9.34%	10.63%
Net margin	5.77%	5.41%
ROE	8.96%	5.16%
ROIC	8.54%	5.23%

Growth (annualized)

Metric	NESR	SHLS
Revenue CAGR (5Y)	12.99%	24.49%
EPS CAGR (5Y)	22.31%	-0.97%
FCF CAGR (5Y)	12.15%	N/A
Total return CAGR (5Y)	13.30%	-21.69%

Frequently asked

Which has the lower trailing P/E, NESR or SHLS?: NESR has the lower trailing P/E: NESR trades at 26.75 and SHLS at 45.62. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, NESR or SHLS?: Over the past five years, SHLS grew revenue faster — NESR at a 12.99% CAGR versus SHLS at 24.49%.
Is NESR or SHLS more profitable?: NESR runs the higher net margin — NESR at 5.77% versus SHLS at 5.41%.
How have NESR and SHLS total returns compared?: Over the past 5 years, NESR delivered 13.30% and SHLS delivered -21.69% annualized total return. Past performance doesn't predict future results.

Go deeper

Full NESR analysis Full SHLS analysis Interactive comparison tool

Dig into the metrics

National Energy Services Reunited P/E ratio Shoals Technologies P/E ratio National Energy Services Reunited ROE Shoals Technologies ROE National Energy Services Reunited operating margin Shoals Technologies operating margin National Energy Services Reunited revenue growth Shoals Technologies revenue growth National Energy Services Reunited free cash flow Shoals Technologies free cash flow

National Energy Services Reunited & Shoals Technologies appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.