Flowco Holdings Inc. (FLOC) vs Innovex International, Inc. (INVX)

Flowco Holdings Inc. and Innovex International, Inc. are both Oil & Gas Equipment & Services companies. Flowco Holdings Inc. and Innovex International, Inc. are of similar size ($1.7B and $1.7B). Flowco Holdings Inc. trades at the lower P/E: 11.9× against 35.1×. Flowco Holdings Inc. grew revenue faster over the last twelve months: 7.70% against 7.04%. Flowco Holdings Inc. has the higher net margin (6.07% vs 4.75%) and the higher return on invested capital (14.7% vs 4.60%). Across the 20 metrics below, Flowco Holdings Inc. leads on 14 and Innovex International, Inc. on 6.

Valuation

Metric FLOC INVX Oil & Gas Equipment & Services median
P/E 11.85 35.10 20.53
P/S 1.00 1.67 1.08
P/B 2.24 1.61 1.64
Price to free cash flow 6.02 7.72 12.36
EV/EBITDA 3.30 8.74 8.00
EV/Sales 1.35 1.51 1.29
Earnings yield 8.44% 2.85% 3.88%
Free cash flow yield 16.60% 12.95% 5.18%

Profitability

Metric FLOC INVX Oil & Gas Equipment & Services median
Gross margin 55.06% 33.56% 22.88%
Operating margin 18.80% 6.85% 7.44%
Net margin 6.07% 4.75% 4.12%
Free cash flow margin 16.56% 0.00% 3.10%
Return on equity 19.29% 0.00% 5.46%
Return on assets 2.82% 3.64% 2.63%
Return on invested capital 14.74% 4.60% 4.26%

Growth

Metric FLOC INVX Oil & Gas Equipment & Services median
Revenue growth (TTM) 7.70% 7.04% 4.65%
EPS growth (last fiscal year) (88.09%) (56.68%) (13.00%)
Revenue growth, 5-year CAGR — 21.80% 12.57%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLOC INVX Oil & Gas Equipment & Services median
Debt to equity 0.84 0.02 0.44
Current ratio 2.67 4.43 2.04
Net debt to EBITDA 0.57 (0.86) 1.12

Dividend

Metric FLOC INVX Oil & Gas Equipment & Services median
Dividend yield 1.78% — 1.49%
Payout ratio 0.27 — 0.36

Size

Metric FLOC INVX Oil & Gas Equipment & Services median
Market cap 1.70b 1.71b 1.44b

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