ProPetro Holding Corp. (PUMP) vs RPC, Inc. (RES)

ProPetro Holding Corp. and RPC, Inc. are both Oil & Gas Equipment & Services companies. RPC, Inc. is the larger, with a market value of $1.3B against $1.2B — 1.1× the size. ProPetro Holding Corp. has negative trailing earnings, so its P/E is not meaningful; RPC, Inc. trades at 62.1×. RPC, Inc. grew revenue faster over the last twelve months: 25.4% against −15.1%. RPC, Inc. has the higher net margin (1.19% vs −1.15%) and the higher return on invested capital (2.23% vs −0.73%). Across the 19 metrics below, RPC, Inc. leads on 17 and ProPetro Holding Corp. on 2.

Valuation

Metric PUMP RES Oil & Gas Equipment & Services median
P/E n/m 62.13 24.78
P/S 1.01 0.72 1.28
P/B 1.23 1.17 1.85
Price to free cash flow n/m 22.91 15.03
EV/EBITDA 7.51 5.64 8.93
EV/Sales 1.02 0.64 1.40
Earnings yield (1.18%) 1.61% 3.12%
Free cash flow yield (0.10%) 4.37% 5.01%

Profitability

Metric PUMP RES Oil & Gas Equipment & Services median
Gross margin 22.69% 23.26% 23.27%
Operating margin (0.97%) 1.91% 9.34%
Net margin (1.15%) 1.19% 4.69%
Free cash flow margin (0.10%) 3.16% 5.05%
Return on equity (1.50%) 1.93% 4.92%
Return on assets (0.81%) 1.46% 2.37%
Return on invested capital (0.73%) 2.23% 4.32%

Growth

Metric PUMP RES Oil & Gas Equipment & Services median
Revenue growth (TTM) (15.14%) 25.36% 6.08%
EPS growth (last fiscal year) 100.60% (65.12%) —
Revenue growth, 5-year CAGR 9.97% 22.14% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PUMP RES Oil & Gas Equipment & Services median
Debt to equity 0.82 0.03 0.46
Current ratio 4.09 3.34 2.11
Net debt to EBITDA 0.15 (0.77) 0.76

Dividend

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

Size

Metric PUMP RES Oil & Gas Equipment & Services median
Market cap 1.17b 1.31b 1.81b

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