Forum Energy Technologies, Inc. (FET) vs Hornbeck Offshore Services Inc (HOS)

Forum Energy Technologies, Inc. and Hornbeck Offshore Services Inc are both Oil & Gas Equipment & Services companies. Hornbeck Offshore Services 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; Hornbeck Offshore Services Inc trades at 27.7×. Hornbeck Offshore Services Inc grew revenue faster over the last twelve months: 10.3% against 3.93%. Hornbeck Offshore Services Inc has the higher net margin (2.93% vs −0.19%) and the lower return on invested capital (3.71% vs 5.97%). Across the 21 metrics below, Hornbeck Offshore Services Inc leads on 18 and Forum Energy Technologies, Inc. on 3.

Valuation

Metric FET HOS Oil & Gas Equipment & Services median
P/E n/m 27.67 24.02
P/S 1.15 0.81 1.20
P/B 3.30 0.69 2.01
Price to free cash flow 17.58 4.67 14.44
EV/EBITDA 15.39 2.84 8.72
EV/Sales 1.28 0.56 1.37
Earnings yield (0.09%) 3.61% 3.61%
Free cash flow yield 5.69% 21.40% 5.67%

Profitability

Metric FET HOS Oil & Gas Equipment & Services median
Gross margin 28.04% 13.53% 23.26%
Operating margin 4.58% 5.42% 9.34%
Net margin (0.19%) 2.93% 4.69%
Free cash flow margin 6.52% 17.39% 5.35%
Return on equity (0.51%) 2.52% 4.92%
Return on assets (0.20%) 1.51% 2.37%
Return on invested capital 5.97% 3.71% 4.32%

Growth

Metric FET HOS Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.93% 10.30% 6.08%
EPS growth (last fiscal year) 92.64% (41.67%) (13.00%)
Revenue growth, 5-year CAGR 9.08% 11.98% 14.44%
Net income growth, 5-year CAGR 0.00% 9.44% 0.00%

Health

Metric FET HOS Oil & Gas Equipment & Services median
Debt to equity 0.50 0.19 0.46
Current ratio 2.19 3.47 2.07
Net debt to EBITDA 1.58 (0.54) 0.75

Dividend

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

Size

Metric FET HOS Oil & Gas Equipment & Services median
Market cap 967.95m 1.70b 1.77b

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