Oil & Gas Services Industry Report
Market Cap: $317.2B
Stocks: 39
Median P/E: 11.3x
Median ROIC: 5.2%
Data sourced from SEC EDGAR filings. Report refreshed weekly.
Part of the Energy sector.
Performance Dashboard
| Period | Sector (MCW) | Sector (Median) |
|---|---|---|
| 1 Day | +1.7% | +2.5% |
| 1 Week | -0.4% | +0.5% |
| 1 Month | — | — |
| 3 Months | — | — |
| 6 Months | — | — |
| YTD | +3.7% | +1.8% |
| 1 Year | +47.5% | +51.3% |
| 3 Years | +19.8% | +9.0% |
| 5 Years | +91.6% | +69.7% |
Today's Breadth: 18 advancing · 9 declining · 2 flat
Valuation Summary
| Metric | Median | P25 | P75 | vs 5Y Avg |
|---|---|---|---|---|
| P/E | 11.3x | 3.4x | 21.9x | -21% |
| P/B | 1.0x | 0.6x | 1.5x | -3% |
| P/S | 0.7x | 0.3x | 1.3x | — |
| P/FCF | 10.8x | 5.7x | 17.2x | — |
| EV/EBITDA | 5.5x | 3.9x | 7.7x | — |
| EV/EBIT | 10.5x | 6.8x | 15.1x | — |
Earnings Yield
5.4%
FCF Yield
6.2%
Below Fair Value
42% of stocks
Profitability Profile
Margins
| Metric | Median | 5Y Avg | P25 | P75 |
|---|---|---|---|---|
| Gross Margin | 32.1% | 29.3% | 22.9% | 50.0% |
| Operating Margin | 5.0% | — | 0.7% | 13.4% |
| Net Margin | 3.7% | -2.3% | -1.9% | 8.9% |
| FCF Margin | 7.5% | — | 0.3% | 13.2% |
Returns on Capital
| Metric | Median | 5Y Avg | P25 | P75 |
|---|---|---|---|---|
| ROE | 6.0% | — | -0.6% | 12.5% |
| ROA | 2.8% | — | -1.2% | 5.6% |
| ROIC | 5.2% | 2.5% | 1.4% | 10.3% |
Growth Metrics
| Metric | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|
| Revenue | +2.1% | +9.4% | +11.1% |
| EPS | 0.0% | -2.9% | +31.0% |
| Free Cash Flow | +5.4% | +23.5% | +13.4% |
All values represent sector median growth rates.
Balance Sheet Health
Debt / Equity
0.5x
Net Debt / EBITDA
1.1x
Interest Coverage
3.1x
Current Ratio
1.8x
Altman Z-Score
Safe (>3): 9 (24%)
Gray (1.8–3): 9 (24%)
Distress (<1.8): 19 (51%)
Piotroski F-Score
Strong (7–9): 10 (26%)
Moderate (4–6): 23 (61%)
Weak (0–3): 5 (13%)
Top Companies
| Symbol | #▲ | Mkt Cap | P/E | EV/EBITDA | ROIC | Net Mgn | Rev Gr. | Div Yld | YTD | Qual. |
|---|---|---|---|---|---|---|---|---|---|---|
| SUBC-OL | 1 | $92.2B | 267.8x | 49.9x | 7.9% | 3.0% | +14.4% | 0.3% | — | 4/9 |
| SLB | 2 | $74.5B | 16.0x | 8.5x | 11.8% | 9.4% | -1.6% | 3.0% | +3.5% | 5/9 |
| HAL | 3 | $33.0B | 18.6x | 8.1x | 12.1% | 5.8% | -3.3% | 2.4% | +9.0% | 5/9 |
| TEN-MI | 4 | $27.6B | 9.7x | 6.4x | 11.4% | 16.3% | -15.8% | 3.9% | — | 4/9 |
| GMS-L | 5 | $21.2B | 449.9x | 223.7x | 9.3% | 22.7% | +10.5% | — | — | 2/9 |
| NE | 6 | $7.9B | 20.8x | 3.4x | 5.2% | 6.6% | +7.5% | 7.1% | +2.9% | 5/9 |
| VAL | 7 | $7.0B | 3.6x | 3.4x | 14.3% | 41.5% | +0.3% | — | -1.3% | 4/9 |
| RIG | 8 | $6.4B | — | — | -21.9% | -73.5% | +12.5% | — | -4.2% | 3/9 |
| SBMO-AS | 9 | $6.4B | 4.7x | 5.4x | 12.4% | 18.2% | +22.5% | 10.8% | — | 4/9 |
| LBRT | 10 | $4.6B | 20.6x | 5.7x | 2.4% | 3.7% | -7.2% | 1.8% | +3.0% | 4/9 |
| PTEN | 11 | $4.1B | — | 36.5x | -2.0% | -1.9% | -10.3% | 5.5% | -5.1% | 3/9 |
| AKAST-OL | 12 | $4.0B | 2.0x | 5.6x | 8.5% | — | — | — | — | 1/9 |
| OII | 13 | $3.8B | 6.9x | 3.8x | 39.2% | 12.7% | +4.6% | — | +3.8% | 6/9 |
| HP | 14 | $3.6B | — | — | — | -4.4% | +35.9% | 1.1% | -0.1% | 0/9 |
| SDRL | 15 | $3.0B | — | 7.0x | 1.8% | -5.4% | +3.8% | — | +7.2% | 1/9 |
| XPRO | 16 | $2.0B | 29.7x | 4.5x | 3.8% | 3.2% | -6.2% | — | +6.3% | 4/9 |
| BORR | 17 | $1.5B | 11.2x | 5.6x | 10.0% | 8.1% | +31.0% | 9.0% | -0.6% | 3/9 |
| WTTR | 18 | $1.5B | 50.6x | 6.6x | 3.0% | 1.5% | -3.1% | 3.1% | -2.8% | 3/9 |
| RES | 19 | $1.4B | 36.0x | 3.9x | 4.5% | 2.0% | +14.9% | 3.0% | +5.2% | 4/9 |
| HLX | 20 | $1.4B | 29.8x | 1.4x | 2.9% | 2.4% | -4.9% | — | +7.3% | 3/9 |
Industry Composition
| Industry | Stocks | Market Cap | % | |
|---|---|---|---|---|
| Oil & Gas Equipment & Services | 10 | $154.7B | 48.8% | |
| Oil & Gas Field Services, Nec | 20 | $127.5B | 40.2% | |
| Drilling Oil & Gas Wells | 9 | $34.9B | 11.0% |
Quality Distribution
0
1
2
3
4
5
6
7
8
9
Quality Score (0-9)
High Quality (7+)
0%
Median Piotroski F
5/9
Profitable Years
3 of 10
Dividends & Shareholder Returns
Paying Dividends
41%
Median Div Yield
3.0%
Median Buyback Yield
0.7%
Shareholder Yield
2.3%
Payout Ratio
47.5%
Div Growth (3Y)
23.7%
Div Growth (5Y)
16.5%
Strengths & Weaknesses
Strengths
- +[Cash Flow]Robust cash generation improvement with a median 5-year FCF CAGR of 13.4%, supporting capital returns and reinvestment capacity.
- +[Growth]Strong secular growth with a median 5-year revenue CAGR of 11.1%, outpacing nominal GDP.
- +[Valuation]Attractive valuations: current median P/E of 11.3x is 21.4% below the 5-year average, presenting potential value opportunity.
Weaknesses
- −[Financial Health]51.4% of companies fall in the Altman Z-Score distress zone (<1.8), indicating elevated bankruptcy risk within the sector.
- −[Growth]Revenue growth is decelerating: median 1-year growth of 2.1% trails the 3-year CAGR of 9.4%, indicating potential cyclical headwinds.
- −[Leverage]Tight interest coverage at 3.1x, leaving limited cushion for debt servicing if earnings decline.
- −[Profitability]Below-average capital returns with a median ROIC of 5.2%, suggesting limited pricing power or capital-intensive operations.