Flowco Holdings Inc. (FLOC) vs ProPetro Holding Corp. (PUMP)

Flowco Holdings Inc. and ProPetro Holding Corp. are both Oil & Gas Equipment & Services companies. Flowco Holdings Inc. is the larger, with a market value of $1.8B against $1.2B — 1.5× the size. ProPetro Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Flowco Holdings Inc. trades at 11.9×. Flowco Holdings Inc. grew revenue faster over the last twelve months: 7.70% against −15.1%. Flowco Holdings Inc. has the higher net margin (6.07% vs −1.15%) and the higher return on invested capital (14.7% vs −0.73%). Across the 18 metrics below, Flowco Holdings Inc. leads on 12 and ProPetro Holding Corp. on 6.

Valuation

Metric FLOC PUMP Oil & Gas Equipment & Services median
P/E 11.89 n/m 24.78
P/S 1.00 1.01 1.28
P/B 2.25 1.23 1.85
Price to free cash flow 6.04 n/m 15.03
EV/EBITDA 3.31 7.51 8.93
EV/Sales 1.35 1.02 1.40
Earnings yield 8.41% (1.18%) 3.12%
Free cash flow yield 16.55% (0.10%) 5.01%

Profitability

Metric FLOC PUMP Oil & Gas Equipment & Services median
Gross margin 55.06% 22.69% 23.27%
Operating margin 18.80% (0.97%) 9.34%
Net margin 6.07% (1.15%) 4.69%
Free cash flow margin 16.56% (0.10%) 5.05%
Return on equity 19.29% (1.50%) 4.92%
Return on assets 2.82% (0.81%) 2.37%
Return on invested capital 14.74% (0.73%) 4.32%

Growth

Metric FLOC PUMP Oil & Gas Equipment & Services median
Revenue growth (TTM) 7.70% (15.14%) 6.08%
EPS growth (last fiscal year) (88.09%) 100.60% —
Revenue growth, 5-year CAGR — 9.97% 10.60%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLOC PUMP Oil & Gas Equipment & Services median
Debt to equity 0.84 0.82 0.46
Current ratio 2.67 4.09 2.11
Net debt to EBITDA 0.57 0.15 0.76

Dividend

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

Size

Metric FLOC PUMP Oil & Gas Equipment & Services median
Market cap 1.76b 1.17b 1.81b

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