Forum Energy Technologies, Inc. (FET) vs Flotek Industries, Inc. (FTK)

Forum Energy Technologies, Inc. and Flotek Industries, Inc. are both Oil & Gas Equipment & Services companies. Forum Energy Technologies, Inc. and Flotek Industries, Inc. are of similar size ($1.1B and $959.6M). Forum Energy Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Flotek Industries, Inc. trades at 27.9×. Flotek Industries, Inc. grew revenue faster over the last twelve months: 36.8% against 3.93%. Flotek Industries, Inc. has the higher net margin (13.0% vs −0.19%) and the higher return on invested capital (13.4% vs 5.97%). Across the 19 metrics below, Flotek Industries, Inc. leads on 11 and Forum Energy Technologies, Inc. on 8.

Valuation

Metric FET FTK Oil & Gas Equipment & Services median
P/E n/m 27.86 24.78
P/S 1.12 3.64 1.28
P/B 3.23 8.26 1.85
Price to free cash flow 17.21 n/m 15.03
EV/EBITDA 15.10 22.95 8.93
EV/Sales 1.25 3.80 1.40
Earnings yield (0.10%) 3.59% 3.12%
Free cash flow yield 5.81% (0.39%) 5.01%

Profitability

Metric FET FTK Oil & Gas Equipment & Services median
Gross margin 28.04% 24.68% 23.27%
Operating margin 4.58% 12.82% 9.34%
Net margin (0.19%) 12.97% 4.69%
Free cash flow margin 6.52% (1.40%) 5.05%
Return on equity (0.51%) 37.80% 4.92%
Return on assets (0.20%) 17.26% 2.37%
Return on invested capital 5.97% 13.43% 4.32%

Growth

Metric FET FTK Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.93% 36.77% 6.08%
EPS growth (last fiscal year) 92.64% 147.06% —
Revenue growth, 5-year CAGR 9.08% 34.88% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FET FTK Oil & Gas Equipment & Services median
Debt to equity 0.50 0.39 0.46
Current ratio 2.19 1.78 2.11
Net debt to EBITDA 1.58 1.18 0.76

Dividend

Metric FET FTK Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio 0.00 0.00 0.00

Size

Metric FET FTK Oil & Gas Equipment & Services median
Market cap 959.58m 1.05b 1.81b

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