Oil & gas equipment & services
17 companies · $125B combined revenue · $10.9B operating profit
The typical US-listed oil & gas equipment & services company grew revenue -0.3% and earnings -30.7% in its latest year, at a 12.6% operating margin, and 3 of 16 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 6% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more24%
- Operating leverage · Operating income growing faster than a growing revenue25%
- Margin expansion · Operating margin up 1 point or more25%
- Debt reduction · Debt down 5% or more, or net cash59%
Combined revenue · 16 companies reporting in US dollars
Combined operating margin
All 17 companies
| Median | – | -0.3% | -30.7% | 12.6% | 8.1% | 0.33x |
| SLBSLB | $35.7B | -1.6%▼ | -24.4%▲ | 13.6%▲ | 12.1%▲ | 0.37x▼ |
| BKRBaker Hughes | $27.7B | -0.3% | -13.1%▲ | – | – | 0.32x▲ |
| PBAPembina Pipeline | CAD 7.8B | 5.3%▲ | -9.6%▲ | 36.1%▲ | 8.4%▲ | 0.70x▼ |
| HALHalliburton | $22.2B | -3.3%▼ | -48.7%▼ | 10.2%▼ | 11.6%▲ | 0.68x▼ |
| FTITechnipFMC | $9.9B | 9.4%▲ | 14.4%▲ | 14.5%▲ | 27.6%▲ | 0.13x▲ |
| SEISolaris Energy Infrastructure | $622M | 98.7%▲ | 90.8%▲ | 21.8%▲ | 6.8%▼ | 0.33x |
| NOVNOV | $8.7B | -1.4%▼ | -77.2%▼ | 5.6%▼ | 5.6%▼ | 0.27x▲ |
| WFRDWeatherford International | $4.9B | -10.8%▼ | -14.8%▲ | 15.4%▲ | 20.7%▲ | 0.83x▼ |
| WHDCactus | $1.1B | -4.5%▼ | -10.5%▲ | 23.2%▲ | 14.7%▲ | 0.00x▲ |
| OIIOceaneering International | $2.6B | 4.1%▲ | 140%▲ | 11.5%▼ | 16%▲ | 0.46x▼ |
| WBIWaterBridge Infrastructure LLC | $526M | 66.2%▲ | -99.7%▼ | 15%▲ | 2.2%▼ | 2.40x▼ |
| LBRTLiberty Energy | $4.0B | -7.2%▼ | -53.2%▼ | 1.8%▼ | 2.6%▼ | 0.12x▲ |
| DNOWDNOW | $2.8B | 18.8%▲ | -214%▼ | -3.3%▼ | -3.2%▼ | 0.18x▲ |
| WTTRSelect Water Solutions | $1.4B | -3.1%▼ | -30.7% | 2%▼ | 2.1%▼ | 0.39x▼ |
| HOSHornbeck Offshore Services | $1.3B | -4.9%▼ | -44.6%▼ | 5%▼ | 2.8%▼ | 0.19x▲ |
| FLOCFlowco | $342M | 32.2%▲ | -48.4%▼ | 43.6%▲ | 9.5%▲ | 0.73x▼ |
| NESRNational Energy Services Reunited | $1.3B | 1.7%▲ | -33%▼ | 7.4%▼ | 7.9%▼ | 0.26x▲ |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).