Forum Energy Technologies, Inc. (FET) vs RPC, Inc. (RES)

Forum Energy Technologies, Inc. and RPC, Inc. are both Oil & Gas Equipment & Services companies. RPC, Inc. is the larger, with a market value of $1.3B against $959.6M — 1.4× the size. Forum Energy Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; RPC, Inc. trades at 62.1×. RPC, Inc. grew revenue faster over the last twelve months: 25.4% against 3.93%. RPC, Inc. has the higher net margin (1.19% vs −0.19%) and the lower return on invested capital (2.23% vs 5.97%). Across the 20 metrics below, RPC, Inc. leads on 13 and Forum Energy Technologies, Inc. on 7.

Valuation

Metric FET RES Oil & Gas Equipment & Services median
P/E n/m 62.13 24.78
P/S 1.12 0.72 1.28
P/B 3.23 1.17 1.85
Price to free cash flow 17.21 22.91 15.03
EV/EBITDA 15.10 5.64 8.93
EV/Sales 1.25 0.64 1.40
Earnings yield (0.10%) 1.61% 3.12%
Free cash flow yield 5.81% 4.37% 5.01%

Profitability

Metric FET RES Oil & Gas Equipment & Services median
Gross margin 28.04% 23.26% 23.27%
Operating margin 4.58% 1.91% 9.34%
Net margin (0.19%) 1.19% 4.69%
Free cash flow margin 6.52% 3.16% 5.05%
Return on equity (0.51%) 1.93% 4.92%
Return on assets (0.20%) 1.46% 2.37%
Return on invested capital 5.97% 2.23% 4.32%

Growth

Metric FET RES Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.93% 25.36% 6.08%
EPS growth (last fiscal year) 92.64% (65.12%) —
Revenue growth, 5-year CAGR 9.08% 22.14% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FET RES Oil & Gas Equipment & Services median
Debt to equity 0.50 0.03 0.46
Current ratio 2.19 3.34 2.11
Net debt to EBITDA 1.58 (0.77) 0.76

Dividend

Metric FET RES Oil & Gas Equipment & Services median
Dividend yield — 2.29% 2.12%
Payout ratio 0.00 0.09 0.00

Size

Metric FET RES Oil & Gas Equipment & Services median
Market cap 959.58m 1.31b 1.81b

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