Forum Energy Technologies, Inc. (FET) vs Tetra Technologies, Inc. (TTI)

Forum Energy Technologies, Inc. and Tetra Technologies, Inc. are both Oil & Gas Equipment & Services companies. Forum Energy Technologies, Inc. is the larger, with a market value of $974.5M against $867.7M — 1.1× the size. Forum Energy Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Tetra Technologies, Inc. trades at 139×. Tetra Technologies, Inc. grew revenue faster over the last twelve months: 5.70% against 3.93%. Tetra Technologies, Inc. has the higher net margin (0.97% vs −0.19%) and the higher return on invested capital (6.69% vs 5.97%). Across the 19 metrics below, Tetra Technologies, Inc. leads on 13 and Forum Energy Technologies, Inc. on 6.

Valuation

Metric FET TTI Oil & Gas Equipment & Services median
P/E n/m 139.25 21.47
P/S 1.05 1.21 1.18
P/B 3.01 1.90 1.72
Price to free cash flow 16.05 n/m 13.81
EV/EBITDA 14.19 9.30 8.77
EV/Sales 1.18 1.25 1.32
Earnings yield (0.10%) 0.72% 4.14%
Free cash flow yield 6.23% (1.86%) 4.85%

Profitability

Metric FET TTI Oil & Gas Equipment & Services median
Gross margin 28.04% 23.17% 23.47%
Operating margin 4.58% 7.26% 7.40%
Net margin (0.19%) 0.97% 4.12%
Free cash flow margin 6.52% (2.25%) 2.08%
Return on equity (0.51%) 1.78% 4.55%
Return on assets (0.20%) 0.86% 2.45%
Return on invested capital 5.97% 6.69% 4.26%

Growth

Metric FET TTI Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.93% 5.70% 4.29%
EPS growth (last fiscal year) 92.64% (97.56%) (13.00%)
Revenue growth, 5-year CAGR 9.08% 10.81% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FET TTI Oil & Gas Equipment & Services median
Debt to equity 0.50 0.45 0.45
Current ratio 2.19 2.46 2.05
Net debt to EBITDA 1.58 1.15 1.12

Dividend

Metric FET TTI Oil & Gas Equipment & Services median
Dividend yield — — 1.53%
Payout ratio — — 0.39

Size

Metric FET TTI Oil & Gas Equipment & Services median
Market cap 974.49m 867.71m 1.59b

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