Forum Energy Technologies, Inc. (FET) vs Flowco Holdings Inc. (FLOC)

Forum Energy Technologies, Inc. and Flowco Holdings Inc. are both Oil & Gas Equipment & Services companies. Flowco Holdings Inc. is the larger, with a market value of $1.7B against $968.0M — 1.8× the size. Forum Energy Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Flowco Holdings Inc. trades at 12.1×. Flowco Holdings Inc. grew revenue faster over the last twelve months: 7.70% against 3.93%. Flowco Holdings Inc. has the higher net margin (6.07% vs −0.19%) and the higher return on invested capital (14.7% vs 5.97%). Across the 19 metrics below, Flowco Holdings Inc. leads on 16 and Forum Energy Technologies, Inc. on 3.

Valuation

Metric FET FLOC Oil & Gas Equipment & Services median
P/E n/m 12.09 24.02
P/S 1.15 1.02 1.20
P/B 3.30 2.28 2.01
Price to free cash flow 17.58 6.14 14.44
EV/EBITDA 15.39 3.35 8.72
EV/Sales 1.28 1.37 1.37
Earnings yield (0.09%) 8.27% 3.61%
Free cash flow yield 5.69% 16.28% 5.67%

Profitability

Metric FET FLOC Oil & Gas Equipment & Services median
Gross margin 28.04% 55.06% 23.26%
Operating margin 4.58% 18.80% 9.34%
Net margin (0.19%) 6.07% 4.69%
Free cash flow margin 6.52% 16.56% 5.35%
Return on equity (0.51%) 19.29% 4.92%
Return on assets (0.20%) 2.82% 2.37%
Return on invested capital 5.97% 14.74% 4.32%

Growth

Metric FET FLOC Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.93% 7.70% 6.08%
EPS growth (last fiscal year) 92.64% (88.09%) (13.00%)
Revenue growth, 5-year CAGR 9.08% — 14.44%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FET FLOC Oil & Gas Equipment & Services median
Debt to equity 0.50 0.84 0.46
Current ratio 2.19 2.67 2.07
Net debt to EBITDA 1.58 0.57 0.75

Dividend

Metric FET FLOC Oil & Gas Equipment & Services median
Dividend yield — 1.75% 1.41%
Payout ratio — 0.27 0.38

Size

Metric FET FLOC Oil & Gas Equipment & Services median
Market cap 967.95m 1.73b 1.77b

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