Flowco Holdings Inc. (FLOC) vs Select Water Solutions, Inc. (WTTR)

Flowco Holdings Inc. and Select Water Solutions, Inc. are both Oil & Gas Equipment & Services companies. Select Water Solutions, Inc. is the larger, with a market value of $2.0B against $1.7B — 1.2× the size. Flowco Holdings Inc. trades at the lower P/E: 9.7× against 60.3×. Flowco Holdings Inc. grew revenue faster over the last twelve months: 20.4% against −1.95%. Flowco Holdings Inc. has the higher net margin (6.36% vs 2.24%) and the higher return on invested capital (13.4% vs 2.30%). Both pay a dividend; Select Water Solutions, Inc. yields more (1.72% vs 1.69%). Across the 20 metrics below, Flowco Holdings Inc. leads on 17 and Select Water Solutions, Inc. on 3.

Valuation

Metric FLOC WTTR Oil & Gas Equipment & Services median
P/E 9.71 60.34 20.63
P/S 0.99 1.54 0.99
P/B 1.63 1.94 1.63
Price to free cash flow 3.75 n/m 13.24
EV/EBITDA 3.15 9.96 7.99
EV/Sales 1.25 1.70 1.25
Earnings yield 10.30% 1.66% 3.85%
Free cash flow yield 26.65% (3.35%) 5.14%

Profitability

Metric FLOC WTTR Oil & Gas Equipment & Services median
Gross margin 53.88% 16.15% 22.46%
Operating margin 18.58% 3.51% 7.53%
Net margin 6.36% 2.24% 4.60%
Free cash flow margin 26.34% (5.17%) 4.05%
Return on equity 12.50% 3.10% 5.24%
Return on assets 3.06% 1.92% 2.54%
Return on invested capital 13.37% 2.30% 4.27%

Growth

Metric FLOC WTTR Oil & Gas Equipment & Services median
Revenue growth (TTM) 20.40% (1.95%) 4.65%
EPS growth (last fiscal year) (88.09%) (30.00%) (13.00%)
Revenue growth, 5-year CAGR — 18.39% 12.57%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLOC WTTR Oil & Gas Equipment & Services median
Debt to equity 0.69 0.23 0.41
Current ratio 3.19 1.58 2.04
Net debt to EBITDA 0.57 1.41 1.12

Dividend

Metric FLOC WTTR Oil & Gas Equipment & Services median
Dividend yield 1.69% 1.72% 1.44%
Payout ratio 0.25 1.04 0.35

Size

Metric FLOC WTTR Oil & Gas Equipment & Services median
Market cap 1.70b 1.99b 1.34b

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