Latest Ratios: P/E Ratio 37.2x · EV/EBITDA 5.1x · ROE 2.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.2B | $1.3B | $1.6B | $1.9B | $967M | $669M | $1.1B | $2.1B | $5.5B | $4.2B |
| Enterprise Value | $1.1B | $1.1B | $962M | $1.4B | $1.8B | $931M | $615M | $1.1B | $2.0B | $5.4B | $4.1B |
| P/E Ratio → | 37.20 | 36.27 | 13.81 | 8.09 | 8.80 | 135.52 | — | — | 12.04 | 34.04 | — |
| P/S Ratio | 0.76 | 0.73 | 0.89 | 0.96 | 1.18 | 1.12 | 1.12 | 0.91 | 1.22 | 3.43 | 5.82 |
| P/B Ratio | 1.11 | 1.09 | 1.16 | 1.52 | 2.21 | 1.51 | 1.06 | 1.34 | 2.21 | 6.00 | 5.26 |
| P/FCF | 23.37 | 22.55 | 9.70 | 7.25 | 30.72 | — | 51.92 | — | 14.34 | 337.83 | 62.62 |
| P/OCF | 6.14 | 5.93 | 3.59 | 3.93 | 9.42 | 20.26 | 8.59 | 5.32 | 5.40 | 40.92 | 41.73 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.66 | 0.68 | 0.84 | 1.12 | 1.08 | 1.03 | 0.90 | 1.15 | 3.37 | 5.64 |
| EV / EBITDA | 5.15 | 4.95 | 4.18 | 3.83 | 4.85 | 10.46 | — | 19.62 | 5.32 | 13.80 | — |
| EV / EBIT | 19.73 | 18.10 | 10.77 | 5.33 | 6.38 | 172.09 | — | — | 9.60 | 24.27 | — |
| EV / FCF | — | 20.38 | 7.43 | 6.33 | 29.16 | — | 47.71 | — | 13.55 | 332.21 | 60.68 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.3% | 14.3% | 26.7% | 32.6% | 32.1% | 23.3% | 19.6% | 24.8% | 31.3% | 34.1% | 16.6% |
| Operating Margin | 3.5% | 3.5% | 6.9% | 15.1% | 18.0% | 1.9% | -51.8% | -9.3% | 12.2% | 14.2% | -32.8% |
| Net Profit Margin | 2.0% | 2.0% | 6.5% | 12.1% | 13.6% | 0.8% | -35.5% | -7.1% | 10.2% | 10.2% | -19.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.9% | 2.9% | 8.7% | 20.8% | 29.1% | 1.1% | -29.0% | -9.8% | 18.8% | 18.9% | -16.1% |
| ROA | 2.2% | 2.2% | 6.8% | 16.0% | 21.5% | 0.8% | -22.0% | -7.5% | 14.9% | 14.9% | -12.4% |
| ROIC | 4.8% | 4.8% | 9.1% | 23.1% | 31.6% | 2.1% | -33.3% | -10.4% | 19.0% | 22.7% | -22.9% |
| ROCE | 4.6% | 4.6% | 8.2% | 23.2% | 33.5% | 2.2% | -35.4% | -11.1% | 20.4% | 23.4% | -23.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.03 | 0.03 | 0.04 | 0.07 | 0.05 | 0.05 | — | — | — |
| Debt / EBITDA | 0.44 | 0.44 | 0.14 | 0.08 | 0.08 | 0.52 | — | 0.69 | — | — | — |
| Net Debt / Equity | — | -0.10 | -0.27 | -0.19 | -0.11 | -0.06 | -0.09 | -0.01 | -0.12 | -0.10 | -0.16 |
| Net Debt / EBITDA | -0.53 | -0.53 | -1.27 | -0.56 | -0.26 | -0.41 | — | -0.20 | -0.31 | -0.23 | — |
| Debt / FCF | — | -2.17 | -2.26 | -0.92 | -1.56 | — | -4.20 | — | -0.79 | -5.62 | -1.95 |
| Interest Coverage | 19.67 | 19.67 | 123.40 | 744.55 | 459.38 | 2.80 | -272.61 | -106.95 | 422.67 | 520.39 | -362.50 |
Net cash position: cash ($210M) exceeds total debt ($95M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.24 | 3.24 | 4.03 | 4.79 | 3.94 | 3.76 | 5.38 | 4.31 | 4.32 | 4.40 | 4.72 |
| Quick Ratio | 2.70 | 2.70 | 3.44 | 4.06 | 3.39 | 3.16 | 4.34 | 3.31 | 3.41 | 3.61 | 3.65 |
| Cash Ratio | 0.97 | 0.97 | 1.79 | 1.47 | 0.71 | 0.63 | 1.06 | 0.49 | 0.81 | 0.63 | 1.30 |
| Asset Turnover | — | 1.11 | 1.02 | 1.23 | 1.42 | 0.96 | 0.73 | 1.10 | 1.43 | 1.39 | 0.70 |
| Inventory Turnover | 11.71 | 11.71 | 9.63 | 9.82 | 11.21 | 8.40 | 5.80 | 9.11 | 9.09 | 9.15 | 5.61 |
| Days Sales Outstanding | — | 74.94 | 72.46 | 85.12 | 104.59 | 133.83 | 149.29 | 79.64 | 76.22 | 95.66 | 113.33 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.9% | 2.9% | 2.7% | 2.2% | 0.5% | — | — | 2.9% | 4.8% | 0.8% | 0.3% |
| Payout Ratio | 109.5% | 109.5% | 37.7% | 17.7% | 4.0% | — | — | — | 57.6% | 26.7% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.8% | 7.2% | 12.4% | 11.4% | 0.7% | — | — | 8.3% | 2.9% | — |
| FCF Yield | 4.3% | 4.4% | 10.3% | 13.8% | 3.3% | — | 1.9% | — | 7.0% | 0.3% | 1.6% |
| Buyback Yield | 0.2% | 0.2% | 0.8% | 1.4% | 0.0% | 0.1% | 0.1% | 0.7% | 2.0% | 0.5% | 0.1% |
| Total Shareholder Yield | 3.1% | 3.2% | 3.5% | 3.6% | 0.5% | 0.1% | 0.1% | 3.6% | 6.9% | 1.3% | 0.3% |
| Shares Outstanding | — | $219M | $211M | $213M | $213M | $213M | $212M | $212M | $213M | $214M | $214M |
Cyclical margin compression risk
According to recent market data, RES trades at a P/E of 39.27, which appears to reflect a safety premium derived from its debt-free balance sheet rather than underlying earnings growth, especially when compared to the more aggressive, albeit levered, valuation profiles of peers like Liberty Energy.
The current valuation suggests investors are paying a significant premium for liquidity and downside protection rather than growth, as evidenced by the lack of a meaningful PEG ratio. This pricing dynamic implies that the market views RES as a defensive play in a volatile sector, potentially ignoring the risk that its older fleet may require substantial capital reinvestment to remain competitive.
Based on reported financial figures, ROIC has trended downward from 4.4% in 2023Q4 to 0.6% in 2026Q1, indicating that the company is struggling to generate returns that exceed its cost of capital in the current high-intensity, low-margin pressure pumping environment.
The consistent decay in ROIC suggests that the company's capital allocation is failing to drive incremental value, likely due to the high maintenance requirements of its existing asset base. Investors should monitor whether management can pivot toward higher-margin service offerings or if the current return profile is a structural byproduct of the commoditized nature of its primary business segments.
As reported in quarterly filings, the cash conversion cycle has fluctuated significantly, reaching 65 days in 2026Q1, which highlights the inherent difficulty in managing working capital within a project-based service model that is highly sensitive to customer payment terms and inventory turnover.
The volatility in the CCC, driven largely by shifts in DSO, suggests that RES may be experiencing increased pressure from E&P customers to extend payment terms. This operational friction, combined with the need to maintain inventory for service readiness, limits the company's ability to optimize its cash position during periods of industry-wide activity slowdowns.
Based on the latest quarterly data, RES maintains a current ratio of 3.13 and a quick ratio of 2.61, providing a substantial liquidity buffer that appears superior to most peers and serves as the primary defense against the cyclical downturns inherent in the oilfield services industry.
This liquidity position is a structural advantage that allows the company to maintain operations and retain skilled labor during market troughs when competitors are forced to liquidate assets. However, while this provides a floor for the business, it also raises questions about whether this capital is being deployed efficiently or if it is simply sitting idle, thereby depressing overall return metrics.
As indicated by industry analysis, the P/E ratio is frequently misapplied to RES, as it obscures the company's massive cash position and the cyclical nature of its depreciation, which often distorts reported earnings and fails to capture the true cash-generating potential of the business.
Investors should prioritize EV/EBITDA or P/FCF over P/E to better account for the company's net cash position and the heavy capital intensity of its pressure pumping fleet. Relying on P/E ignores the fact that a large portion of the company's value is held in cash, which does not contribute to earnings but provides a critical valuation floor that traditional multiples fail to reflect.
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RES stock.
RPC, Inc.'s current P/E ratio is 37.2x. The historical average is 21.9x. This places it at the 96th percentile of its historical range.
RPC, Inc.'s current EV/EBITDA is 5.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
RPC, Inc.'s return on equity (ROE) is 2.9%. The historical average is 13.4%.
Based on historical data, RPC, Inc. is trading at a P/E of 37.2x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
RPC, Inc.'s current dividend yield is 2.87% with a payout ratio of 109.5%.
RPC, Inc. has 14.3% gross margin and 3.5% operating margin.
RPC, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.