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

Flowco Holdings Inc. and Innovex International, Inc. are both Oil & Gas Equipment & Services companies. Innovex International, Inc. is the larger, with a market value of $2.0B against $1.8B — 1.1× the size. Flowco Holdings Inc. trades at the lower P/E: 11.9× against 32.0×. Innovex International, Inc. grew revenue faster over the last twelve months: 15.0% against 7.70%. Innovex International, Inc. has the higher net margin (6.17% vs 6.07%) and the lower return on invested capital (7.26% vs 14.7%). Across the 20 metrics below, Flowco Holdings Inc. leads on 11 and Innovex International, Inc. on 9.

Valuation

Metric FLOC INVX Oil & Gas Equipment & Services median
P/E 11.89 32.02 24.78
P/S 1.00 1.97 1.28
P/B 2.25 1.85 1.85
Price to free cash flow 6.04 8.86 15.03
EV/EBITDA 3.31 9.98 8.93
EV/Sales 1.35 1.77 1.40
Earnings yield 8.41% 3.12% 3.12%
Free cash flow yield 16.55% 11.29% 5.01%

Profitability

Metric FLOC INVX Oil & Gas Equipment & Services median
Gross margin 55.06% 32.40% 23.27%
Operating margin 18.80% 10.03% 9.34%
Net margin 6.07% 6.17% 4.69%
Free cash flow margin 16.56% 22.18% 5.05%
Return on equity 19.29% 5.99% 4.92%
Return on assets 2.82% 4.82% 2.37%
Return on invested capital 14.74% 7.26% 4.32%

Growth

Metric FLOC INVX Oil & Gas Equipment & Services median
Revenue growth (TTM) 7.70% 15.03% 6.08%
EPS growth (last fiscal year) (88.09%) (56.68%) —
Revenue growth, 5-year CAGR — 21.80% 10.60%
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 0.46
Current ratio 2.67 5.01 2.11
Net debt to EBITDA 0.57 (0.86) 0.76

Dividend

Metric FLOC INVX Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio — 0.00 0.00

Size

Metric FLOC INVX Oil & Gas Equipment & Services median
Market cap 1.76b 2.00b 1.81b

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