RPC, Inc.
RES Energy Oil & Gas Equipment & Services
RPC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 15.0% from fiscal 2024. In the quarter to June 2026, revenue grew 9.52%, EPS was flat, free cash flow fell 46.5% and total debt fell 39.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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RPC, Inc. (RES) Altman Z-score
RPC, Inc.'s Altman Z-score for fiscal 2025 is 4.58, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.58 | (0.71) |
| FY2024 | 5.29 | (1.81) |
| FY2023 | 7.09 | (0.98) |
| FY2022 | 8.07 | 2.87 |
| FY2021 | 5.21 | 1.55 |
| FY2020 | 3.66 | (1.62) |
| FY2019 | 5.28 | (3.37) |
| FY2018 | 8.65 | (8.95) |
| FY2017 | 17.60 | 5.00 |
| FY2016 | 12.60 | 5.26 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.33 | — | 0.40 | |
| Retained earnings / total assets | 0.74 | — | 1.03 | |
| EBIT / total assets | 0.03 | — | 0.10 | |
| Market value of equity / total liabilities | 3.23 | — | 1.94 | |
| Sales / total assets | 1.11 | — | 1.11 | |
| Altman Z-score | Safe zone | 4.58 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.90 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| RES RPC, Inc. | 4.6× |
| FTK Flotek Industries, Inc. compare | 3.2× |
| PUMP ProPetro Holding Corp. compare | 2.3× |
| XPRO Expro Group Holdings N.V. compare | 2.1× |
| VTOL Bristow Group Inc. compare | 1.8× |
| HOS Hornbeck Offshore Services Inc compare | 1.6× |
| FLOC Flowco Holdings Inc. compare | 1.2× |
| AESI Atlas Energy Solutions Inc. compare | 1.2× |
| NEXT NextDecade Corporation compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets