Flowco Holdings Inc. (FLOC) vs NextDecade Corporation (NEXT)

Flowco Holdings Inc. and NextDecade Corporation are both Oil & Gas Equipment & Services companies. Flowco Holdings Inc. and NextDecade Corporation are of similar size ($1.7B and $1.6B). NextDecade Corporation trades at the lower P/E: 4.8× against 9.7×. Flowco Holdings Inc. has the higher net margin (6.36% vs 0.00%) and the higher return on invested capital (13.4% vs −0.98%). Across the 15 metrics below, Flowco Holdings Inc. leads on 11 and NextDecade Corporation on 4.

Valuation

Metric FLOC NEXT Oil & Gas Equipment & Services median
P/E 9.71 4.81 20.63
P/S 0.99 n/m 0.99
P/B 1.63 0.41 1.63
Price to free cash flow 3.75 n/m 13.24
EV/EBITDA 3.15 n/m 7.99
EV/Sales 1.25 n/m 1.25
Earnings yield 10.30% 20.80% 3.85%
Free cash flow yield 26.65% (345.97%) 5.14%

Profitability

Metric FLOC NEXT Oil & Gas Equipment & Services median
Gross margin 53.88% 0.00% 22.46%
Operating margin 18.58% 0.00% 7.53%
Net margin 6.36% 0.00% 4.60%
Free cash flow margin 26.34% 0.00% 4.05%
Return on equity 12.50% (3.27%) 5.24%
Return on assets 3.06% (0.67%) 2.54%
Return on invested capital 13.37% (0.98%) 4.27%

Growth

Metric FLOC NEXT Oil & Gas Equipment & Services median
Revenue growth (TTM) 20.40% — 4.65%
EPS growth (last fiscal year) (88.09%) (387.50%) (13.00%)
Revenue growth, 5-year CAGR — — 12.57%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLOC NEXT Oil & Gas Equipment & Services median
Debt to equity 0.69 3.19 0.41
Current ratio 3.19 0.36 2.04
Net debt to EBITDA 0.57 (58.53) 1.12

Dividend

Metric FLOC NEXT Oil & Gas Equipment & Services median
Dividend yield 1.69% — 1.44%
Payout ratio 0.25 — 0.35

Size

Metric FLOC NEXT Oil & Gas Equipment & Services median
Market cap 1.70b 1.57b 1.34b

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