Flowco Holdings Inc. (FLOC) vs RPC, Inc. (RES)

Flowco Holdings Inc. and RPC, Inc. are both Oil & Gas Equipment & Services companies. Flowco Holdings Inc. is the larger, with a market value of $1.8B against $1.3B — 1.3× the size. Flowco Holdings Inc. trades at the lower P/E: 11.9× against 62.1×. RPC, Inc. grew revenue faster over the last twelve months: 25.4% against 7.70%. Flowco Holdings Inc. has the higher net margin (6.07% vs 1.19%) and the higher return on invested capital (14.7% vs 2.23%). Across the 20 metrics below, Flowco Holdings Inc. leads on 12 and RPC, Inc. on 8.

Valuation

Metric FLOC RES Oil & Gas Equipment & Services median
P/E 11.89 62.13 24.78
P/S 1.00 0.72 1.28
P/B 2.25 1.17 1.85
Price to free cash flow 6.04 22.91 15.03
EV/EBITDA 3.31 5.64 8.93
EV/Sales 1.35 0.64 1.40
Earnings yield 8.41% 1.61% 3.12%
Free cash flow yield 16.55% 4.37% 5.01%

Profitability

Metric FLOC RES Oil & Gas Equipment & Services median
Gross margin 55.06% 23.26% 23.27%
Operating margin 18.80% 1.91% 9.34%
Net margin 6.07% 1.19% 4.69%
Free cash flow margin 16.56% 3.16% 5.05%
Return on equity 19.29% 1.93% 4.92%
Return on assets 2.82% 1.46% 2.37%
Return on invested capital 14.74% 2.23% 4.32%

Growth

Metric FLOC RES Oil & Gas Equipment & Services median
Revenue growth (TTM) 7.70% 25.36% 6.08%
EPS growth (last fiscal year) (88.09%) (65.12%) —
Revenue growth, 5-year CAGR — 22.14% 10.60%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLOC RES Oil & Gas Equipment & Services median
Debt to equity 0.84 0.03 0.46
Current ratio 2.67 3.34 2.11
Net debt to EBITDA 0.57 (0.77) 0.76

Dividend

Metric FLOC RES Oil & Gas Equipment & Services median
Dividend yield — 2.29% 2.12%
Payout ratio — 0.09 0.00

Size

Metric FLOC RES Oil & Gas Equipment & Services median
Market cap 1.76b 1.31b 1.81b

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