Atlas Energy Solutions Inc. (AESI) vs Flowco Holdings Inc. (FLOC)

Atlas Energy Solutions Inc. and Flowco Holdings Inc. are both Oil & Gas Equipment & Services companies. Flowco Holdings Inc. is the larger, with a market value of $1.8B against $1.6B — 1.1× the size. Atlas Energy Solutions Inc. has negative trailing earnings, so its P/E is not meaningful; Flowco Holdings Inc. trades at 11.9×. Flowco Holdings Inc. grew revenue faster over the last twelve months: 7.70% against −8.11%. Flowco Holdings Inc. has the higher net margin (6.07% vs −11.1%) and the higher return on invested capital (14.7% vs −2.82%). Across the 18 metrics below, Flowco Holdings Inc. leads on 17 and Atlas Energy Solutions Inc. on 1.

Valuation

Metric AESI FLOC Oil & Gas Equipment & Services median
P/E n/m 11.89 24.78
P/S 1.46 1.00 1.28
P/B 1.40 2.25 1.85
Price to free cash flow n/m 6.04 15.03
EV/EBITDA 19.27 3.31 8.93
EV/Sales 2.25 1.35 1.40
Earnings yield (7.62%) 8.41% 3.12%
Free cash flow yield (11.46%) 16.55% 5.01%

Profitability

Metric AESI FLOC Oil & Gas Equipment & Services median
Gross margin 23.41% 55.06% 23.27%
Operating margin (8.28%) 18.80% 9.34%
Net margin (11.08%) 6.07% 4.69%
Free cash flow margin (16.71%) 16.56% 5.05%
Return on equity (9.93%) 19.29% 4.92%
Return on assets (4.93%) 2.82% 2.37%
Return on invested capital (2.82%) 14.74% 4.32%

Growth

Metric AESI FLOC Oil & Gas Equipment & Services median
Revenue growth (TTM) (8.11%) 7.70% 6.08%
EPS growth (last fiscal year) (174.55%) (88.09%) —
Revenue growth, 5-year CAGR 57.85% — 10.60%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric AESI FLOC Oil & Gas Equipment & Services median
Debt to equity 0.91 0.84 0.46
Current ratio 1.82 2.67 2.11
Net debt to EBITDA 3.06 0.57 0.76

Dividend

Metric AESI FLOC Oil & Gas Equipment & Services median
Dividend yield 4.83% — 2.12%
Payout ratio — — 0.00

Size

Metric AESI FLOC Oil & Gas Equipment & Services median
Market cap 1.55b 1.76b 1.81b

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