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Our Company The Company, together with its subsidiaries, is a leading integrated energy services and technology company, and one of the largest providers of innovative completions services and related technologies to onshore oil, natural gas, and enhanced geothermal exploration and production ( E&P ) companies. We offer customers completions services, which include hydraulic fracturing together…
Operating margin is thin at 1.81%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 7.2% YoY. Margins deteriorated 7.2pp alongside, both lines moving the wrong way.
Free cash flow declined 92% versus the prior year, cash generation momentum has weakened. ROIC dropped from 12.70% to 2.21%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$4.05B
▼ -7.2% YoY
Net Income (TTM)
$150M
▼ -53.2% YoY
Op. Margin
1.90%
▼ -7.2pp YoY
ROIC
2.11%
▼ -10.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$193M
▼ -92.1% YoY
Op. Cash Flow (TTM)
$426M
▼ -26.5% YoY
Net Debt
$924M
Cash & Equiv.
$699M
5Y CAGR: +33.0%
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