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 $2.4B against $1.7B — 1.4× the size. Flowco Holdings Inc. trades at the lower P/E: 11.7× against 69.0×. Flowco Holdings Inc. grew revenue faster over the last twelve months: 7.70% against −1.95%. Flowco Holdings Inc. has the higher net margin (6.07% vs 2.24%) and the higher return on invested capital (14.7% vs 2.30%). Both pay a dividend; Flowco Holdings Inc. yields more (1.81% vs 1.51%). Across the 20 metrics below, Flowco Holdings Inc. leads on 18 and Select Water Solutions, Inc. on 2.

Valuation

Metric FLOC WTTR Oil & Gas Equipment & Services median
P/E 11.68 68.96 22.50
P/S 0.98 1.76 1.17
P/B 2.21 2.22 1.82
Price to free cash flow 5.94 n/m 13.72
EV/EBITDA 3.27 11.25 8.68
EV/Sales 1.34 1.92 1.34
Earnings yield 8.56% 1.45% 3.94%
Free cash flow yield 16.84% (2.93%) 5.66%

Profitability

Metric FLOC WTTR Oil & Gas Equipment & Services median
Gross margin 55.06% 16.15% 23.26%
Operating margin 18.80% 3.51% 9.34%
Net margin 6.07% 2.24% 4.69%
Free cash flow margin 16.56% (5.17%) 5.35%
Return on equity 19.29% 3.10% 4.92%
Return on assets 2.82% 1.92% 2.37%
Return on invested capital 14.74% 2.30% 4.32%

Growth

Metric FLOC WTTR Oil & Gas Equipment & Services median
Revenue growth (TTM) 7.70% (1.95%) 6.08%
EPS growth (last fiscal year) (88.09%) (30.00%) (13.00%)
Revenue growth, 5-year CAGR — 18.39% 14.44%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLOC WTTR Oil & Gas Equipment & Services median
Debt to equity 0.84 0.23 0.46
Current ratio 2.67 1.58 2.07
Net debt to EBITDA 0.57 1.41 0.75

Dividend

Metric FLOC WTTR Oil & Gas Equipment & Services median
Dividend yield 1.81% 1.51% 1.51%
Payout ratio 0.27 1.04 0.38

Size

Metric FLOC WTTR Oil & Gas Equipment & Services median
Market cap 1.66b 2.35b 1.63b

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