Forum Energy Technologies, Inc. (FET) vs Ranger Energy Services, Inc. (RNGR)

Forum Energy Technologies, Inc. and Ranger Energy Services, Inc. are both Oil & Gas Equipment & Services companies. Forum Energy Technologies, Inc. is the larger, with a market value of $968.0M against $361.8M — 2.7× the size. Forum Energy Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Ranger Energy Services, Inc. trades at 24.9×. Ranger Energy Services, Inc. grew revenue faster over the last twelve months: 6.08% against 3.93%. Ranger Energy Services, Inc. has the higher net margin (2.36% vs −0.19%) and the lower return on invested capital (4.54% vs 5.97%). Across the 20 metrics below, Ranger Energy Services, Inc. leads on 14 and Forum Energy Technologies, Inc. on 6.

Valuation

Metric FET RNGR Oil & Gas Equipment & Services median
P/E n/m 24.87 24.02
P/S 1.15 0.60 1.20
P/B 3.30 1.21 2.01
Price to free cash flow 17.58 14.44 14.44
EV/EBITDA 15.39 4.91 8.72
EV/Sales 1.28 0.64 1.37
Earnings yield (0.09%) 4.02% 3.61%
Free cash flow yield 5.69% 6.92% 5.67%

Profitability

Metric FET RNGR Oil & Gas Equipment & Services median
Gross margin 28.04% 17.67% 23.26%
Operating margin 4.58% 3.74% 9.34%
Net margin (0.19%) 2.36% 4.69%
Free cash flow margin 6.52% 4.17% 5.35%
Return on equity (0.51%) 4.93% 4.92%
Return on assets (0.20%) 3.37% 2.37%
Return on invested capital 5.97% 4.54% 4.32%

Growth

Metric FET RNGR Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.93% 6.08% 6.08%
EPS growth (last fiscal year) 92.64% (33.33%) (13.00%)
Revenue growth, 5-year CAGR 9.08% 23.83% 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FET RNGR Oil & Gas Equipment & Services median
Debt to equity 0.50 0.05 0.46
Current ratio 2.19 1.73 2.07
Net debt to EBITDA 1.58 (0.11) 0.75

Dividend

Metric FET RNGR Oil & Gas Equipment & Services median
Dividend yield — 1.56% 1.41%
Payout ratio — 0.40 0.38

Size

Metric FET RNGR Oil & Gas Equipment & Services median
Market cap 967.95m 361.79m 1.77b

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