Flotek Industries, Inc. (FTK) vs ProPetro Holding Corp. (PUMP)

Flotek Industries, Inc. and ProPetro Holding Corp. are both Oil & Gas Equipment & Services companies. ProPetro Holding Corp. is the larger, with a market value of $1.2B against $1.1B — 1.1× the size. ProPetro Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Flotek Industries, Inc. trades at 27.9×. Flotek Industries, Inc. grew revenue faster over the last twelve months: 36.8% against −15.1%. Flotek Industries, Inc. has the higher net margin (13.0% vs −1.15%) and the higher return on invested capital (13.4% vs −0.73%). Across the 19 metrics below, Flotek Industries, Inc. leads on 11 and ProPetro Holding Corp. on 8.

Valuation

Metric FTK PUMP Oil & Gas Equipment & Services median
P/E 27.86 n/m 24.78
P/S 3.64 1.01 1.28
P/B 8.26 1.23 1.85
Price to free cash flow n/m n/m 15.03
EV/EBITDA 22.95 7.51 8.93
EV/Sales 3.80 1.02 1.40
Earnings yield 3.59% (1.18%) 3.12%
Free cash flow yield (0.39%) (0.10%) 5.01%

Profitability

Metric FTK PUMP Oil & Gas Equipment & Services median
Gross margin 24.68% 22.69% 23.27%
Operating margin 12.82% (0.97%) 9.34%
Net margin 12.97% (1.15%) 4.69%
Free cash flow margin (1.40%) (0.10%) 5.05%
Return on equity 37.80% (1.50%) 4.92%
Return on assets 17.26% (0.81%) 2.37%
Return on invested capital 13.43% (0.73%) 4.32%

Growth

Metric FTK PUMP Oil & Gas Equipment & Services median
Revenue growth (TTM) 36.77% (15.14%) 6.08%
EPS growth (last fiscal year) 147.06% 100.60% —
Revenue growth, 5-year CAGR 34.88% 9.97% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FTK PUMP Oil & Gas Equipment & Services median
Debt to equity 0.39 0.82 0.46
Current ratio 1.78 4.09 2.11
Net debt to EBITDA 1.18 0.15 0.76

Dividend

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

Size

Metric FTK PUMP Oil & Gas Equipment & Services median
Market cap 1.05b 1.17b 1.81b

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