Forum Energy Technologies, Inc. (FET) vs Oil States International, Inc. (OIS)

Forum Energy Technologies, Inc. and Oil States International, Inc. are both Oil & Gas Equipment & Services companies. Forum Energy Technologies, Inc. is the larger, with a market value of $775.6M against $486.2M — 1.6× the size. Oil States International, Inc. has negative trailing earnings, so its P/E is not meaningful; Forum Energy Technologies, Inc. trades at 25.6×. Forum Energy Technologies, Inc. grew revenue faster over the last twelve months: 10.6% against −0.74%. Forum Energy Technologies, Inc. has the higher net margin (3.46% vs −16.5%) and the higher return on invested capital (9.78% vs −9.83%). Across the 19 metrics below, Forum Energy Technologies, Inc. leads on 10 and Oil States International, Inc. on 9.

Valuation

Metric FET OIS Oil & Gas Equipment & Services median
P/E 25.58 n/m 20.53
P/S 0.89 0.73 1.08
P/B 2.45 0.81 1.64
Price to free cash flow 12.36 8.88 12.36
EV/EBITDA 9.21 n/m 8.00
EV/Sales 1.00 0.73 1.29
Earnings yield 3.91% (22.89%) 3.88%
Free cash flow yield 8.09% 11.26% 5.18%

Profitability

Metric FET OIS Oil & Gas Equipment & Services median
Gross margin 30.65% 20.23% 22.88%
Operating margin 7.35% (14.04%) 7.44%
Net margin 3.46% (16.49%) 4.12%
Free cash flow margin 7.22% 8.22% 3.10%
Return on equity 9.81% (16.86%) 5.46%
Return on assets 3.83% (11.55%) 2.63%
Return on invested capital 9.78% (9.83%) 4.26%

Growth

Metric FET OIS Oil & Gas Equipment & Services median
Revenue growth (TTM) 10.58% (0.74%) 4.65%
EPS growth (last fiscal year) 92.64% (933.33%) (13.00%)
Revenue growth, 5-year CAGR 9.08% 0.95% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FET OIS Oil & Gas Equipment & Services median
Debt to equity 0.40 0.03 0.44
Current ratio 2.04 2.36 2.04
Net debt to EBITDA 1.58 0.30 1.12

Dividend

Metric FET OIS Oil & Gas Equipment & Services median
Dividend yield — — 1.49%
Payout ratio — — 0.36

Size

Metric FET OIS Oil & Gas Equipment & Services median
Market cap 775.56m 486.24m 1.44b

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