Flowco Holdings Inc. (FLOC) vs Liberty Energy Inc. (LBRT)

Flowco Holdings Inc. and Liberty Energy Inc. are both Oil & Gas Equipment & Services companies. Flowco Holdings Inc. and Liberty Energy Inc. are of similar size ($1.9B and $1.7B). Flowco Holdings Inc. trades at the lower P/E: 11.9× against 47.4×. Liberty Energy Inc. grew revenue faster over the last twelve months: 13.7% against 7.70%. Flowco Holdings Inc. has the higher net margin (6.07% vs 0.91%) and the higher return on invested capital (14.7% vs 1.42%). Both pay a dividend; Liberty Energy Inc. yields more (3.17% vs 1.78%). Across the 20 metrics below, Flowco Holdings Inc. leads on 13 and Liberty Energy Inc. on 7.

Valuation

Metric FLOC LBRT Oil & Gas Equipment & Services median
P/E 11.85 47.38 20.53
P/S 1.00 0.42 1.08
P/B 2.24 0.97 1.64
Price to free cash flow 6.02 n/m 12.36
EV/EBITDA 3.30 5.96 8.00
EV/Sales 1.35 0.72 1.29
Earnings yield 8.44% 2.11% 3.88%
Free cash flow yield 16.60% (33.41%) 5.18%

Profitability

Metric FLOC LBRT Oil & Gas Equipment & Services median
Gross margin 55.06% 18.02% 22.88%
Operating margin 18.80% 1.67% 7.44%
Net margin 6.07% 0.91% 4.12%
Free cash flow margin 16.56% (13.95%) 3.10%
Return on equity 19.29% 2.02% 5.46%
Return on assets 2.82% 1.01% 2.63%
Return on invested capital 14.74% 1.42% 4.26%

Growth

Metric FLOC LBRT Oil & Gas Equipment & Services median
Revenue growth (TTM) 7.70% 13.65% 4.65%
EPS growth (last fiscal year) (88.09%) (52.41%) (13.00%)
Revenue growth, 5-year CAGR — 32.91% 12.57%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLOC LBRT Oil & Gas Equipment & Services median
Debt to equity 0.84 0.76 0.44
Current ratio 2.67 1.30 2.04
Net debt to EBITDA 0.57 0.75 1.12

Dividend

Metric FLOC LBRT Oil & Gas Equipment & Services median
Dividend yield 1.78% 3.17% 1.49%
Payout ratio 0.27 1.50 0.36

Size

Metric FLOC LBRT Oil & Gas Equipment & Services median
Market cap 1.70b 1.85b 1.44b

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