Flowco Holdings Inc. (FLOC) vs Hornbeck Offshore Services Inc (HOS)

Flowco Holdings Inc. and Hornbeck Offshore Services Inc are both Oil & Gas Equipment & Services companies. Flowco Holdings Inc. is the larger, with a market value of $1.7B against $1.5B — 1.1× the size. Flowco Holdings Inc. trades at the lower P/E: 11.7× against 25.4×. Hornbeck Offshore Services Inc grew revenue faster over the last twelve months: 10.3% against 7.70%. Flowco Holdings Inc. has the higher net margin (6.07% vs 2.93%) and the higher return on invested capital (14.7% vs 3.71%). Across the 20 metrics below, Hornbeck Offshore Services Inc leads on 12 and Flowco Holdings Inc. on 8.

Valuation

Metric FLOC HOS Oil & Gas Equipment & Services median
P/E 11.68 25.37 22.50
P/S 0.98 0.75 1.17
P/B 2.21 0.64 1.82
Price to free cash flow 5.94 4.28 13.72
EV/EBITDA 3.27 2.49 8.68
EV/Sales 1.34 0.49 1.34
Earnings yield 8.56% 3.94% 3.94%
Free cash flow yield 16.84% 23.34% 5.66%

Profitability

Metric FLOC HOS Oil & Gas Equipment & Services median
Gross margin 55.06% 13.53% 23.26%
Operating margin 18.80% 5.42% 9.34%
Net margin 6.07% 2.93% 4.69%
Free cash flow margin 16.56% 17.39% 5.35%
Return on equity 19.29% 2.52% 4.92%
Return on assets 2.82% 1.51% 2.37%
Return on invested capital 14.74% 3.71% 4.32%

Growth

Metric FLOC HOS Oil & Gas Equipment & Services median
Revenue growth (TTM) 7.70% 10.30% 6.08%
EPS growth (last fiscal year) (88.09%) (41.67%) (13.00%)
Revenue growth, 5-year CAGR — 11.98% 14.44%
Net income growth, 5-year CAGR — 9.44% 0.00%

Health

Metric FLOC HOS Oil & Gas Equipment & Services median
Debt to equity 0.84 0.19 0.46
Current ratio 2.67 3.47 2.07
Net debt to EBITDA 0.57 (0.54) 0.75

Dividend

Metric FLOC HOS Oil & Gas Equipment & Services median
Dividend yield 1.81% — 1.51%
Payout ratio 0.27 — 0.38

Size

Metric FLOC HOS Oil & Gas Equipment & Services median
Market cap 1.66b 1.49b 1.63b

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