Forum Energy Technologies, Inc. (FET) vs Natural Gas Services Group, Inc. (NGS)

Forum Energy Technologies, Inc. and Natural Gas Services Group, Inc. are both Oil & Gas Equipment & Services companies. Forum Energy Technologies, Inc. is the larger, with a market value of $959.6M against $429.5M — 2.2× the size. Forum Energy Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Natural Gas Services Group, Inc. trades at 20.1×. Natural Gas Services Group, Inc. grew revenue faster over the last twelve months: 15.4% against 3.93%. Natural Gas Services Group, Inc. has the higher net margin (10.8% vs −0.19%) and the lower return on invested capital (4.10% vs 5.97%). Across the 20 metrics below, Natural Gas Services Group, Inc. leads on 11 and Forum Energy Technologies, Inc. on 9.

Valuation

Metric FET NGS Oil & Gas Equipment & Services median
P/E n/m 20.12 24.78
P/S 1.12 2.19 1.28
P/B 3.23 1.41 1.85
Price to free cash flow 17.21 n/m 15.03
EV/EBITDA 15.10 9.00 8.93
EV/Sales 1.25 3.92 1.40
Earnings yield (0.10%) 4.97% 3.12%
Free cash flow yield 5.81% (7.51%) 5.01%

Profitability

Metric FET NGS Oil & Gas Equipment & Services median
Gross margin 28.04% 59.72% 23.27%
Operating margin 4.58% 21.57% 9.34%
Net margin (0.19%) 10.81% 4.69%
Free cash flow margin 6.52% (16.47%) 5.05%
Return on equity (0.51%) 7.30% 4.92%
Return on assets (0.20%) 3.29% 2.37%
Return on invested capital 5.97% 4.10% 4.32%

Growth

Metric FET NGS Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.93% 15.42% 6.08%
EPS growth (last fiscal year) 92.64% 14.60% —
Revenue growth, 5-year CAGR 9.08% 20.42% 10.60%
Net income growth, 5-year CAGR 0.00% 61.60% 0.00%

Health

Metric FET NGS Oil & Gas Equipment & Services median
Debt to equity 0.50 1.11 0.46
Current ratio 2.19 2.01 2.11
Net debt to EBITDA 1.58 3.06 0.76

Dividend

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

Size

Metric FET NGS Oil & Gas Equipment & Services median
Market cap 959.58m 429.51m 1.81b

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