RPC, Inc. (RES) 10-Year Financial Performance & Capital Metrics

RES • • Industrial / General

EnergyOilfield ServicesPressure Pumping & Hydraulic FracturingPressure Pumping Services

AboutRPC, Inc., through its subsidiaries, provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells. The Support Services segment provides a range of rental tools for onshore and offshore oil and gas well drilling, completion, and workover activities. This segment also offers oilfield pipe inspection, and pipe management and storage services, as well as well control training and consulting services. The company operates in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, the Middle East, and internationally. RPC, Inc. was founded in 1984 and is headquartered in Atlanta, Georgia.Show more

Revenue $1.41B -12.5%
EBITDA $230M -34.8%
Net Income $91M -53.1%
EPS (Diluted) 0.43 -52.2%
Gross Margin 26.74% -18.1%
EBITDA Margin 16.26% -25.5%
Operating Margin 6.89% -54.5%
Net Margin 6.46% -46.4%
ROE 8.71% -58.1%
ROIC 9.08% -60.8%
Debt/Equity 0.03 +14.9%
Interest Coverage 134.72 -81.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 19.5%
✓Healthy dividend yield of 2.6%
✓Trading at only 1.2x book value
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-4.9%

5Y2.97%

3Y17.83%

TTM4.2%

Profit (Net Income) CAGR

10Y-9.39%

5Y-

3Y133.13%

TTM-59.73%

EPS CAGR

10Y-9.29%

5Y-

3Y134.14%

TTM-59.89%

ROCE

10Y Avg2.94%

5Y Avg6.33%

3Y Avg21.65%

Latest8.24%

Peer Comparison

Pressure Pumping Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NESRNational Energy Services Reunited Corp.	1.86B	18.45	23.06	13.6%	5.53%	7.33%	6.68%	0.45
RESRPC, Inc.	1.37B	6.19	14.40	-12.52%	3.12%	4.35%	9.48%	0.03
LBRTLiberty Energy Inc.	3.31B	20.46	10.94	-9.11%	4.76%	8.99%	5.38%	0.27
ACDCProFrac Holding Corp.	792.22M	4.38	-3.17	-16.7%	-16.8%	-34.52%	14.18%	1.18
PUMPProPetro Holding Corp.	1.08B	10.42	-7.95	-11.42%	-1.31%	-2.06%	10.34%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.26B	728.97M	1.6B	1.72B	1.22B	598.3M	864.93M	1.6B	1.62B	1.41B
Revenue Growth %	-0.46%	-0.42%	1.19%	0.08%	-0.29%	-0.51%	0.45%	0.85%	0.01%	-0.13%
Cost of Goods Sold+	986.14M	607.89M	1.05B	1.18B	919.6M	480.74M	663.26M	1.09B	1.09B	1.04B
COGS % of Revenue	0.78%	0.83%	0.66%	0.69%	0.75%	0.8%	0.77%	0.68%	0.67%	0.73%
Gross Profit+	277.7M	121.09M	544.42M	537.96M	302.81M	117.56M	201.67M	513.65M	527.96M	378.35M
Gross Margin %	0.22%	0.17%	0.34%	0.31%	0.25%	0.2%	0.23%	0.32%	0.33%	0.27%
Gross Profit Growth %	-0.67%	-0.56%	3.5%	-0.01%	-0.44%	-0.61%	0.72%	1.55%	0.03%	-0.28%
Operating Expenses+	433.97M	360.03M	318.2M	327.93M	417.1M	427.2M	185.38M	225.71M	283M	280.81M
OpEx % of Revenue	0.34%	0.49%	0.2%	0.19%	0.34%	0.71%	0.21%	0.14%	0.17%	0.2%
Selling, General & Admin	156.58M	150.69M	159.19M	168.15M	168.13M	123.7M	123.57M	148.57M	165.94M	156.44M
SG&A % of Revenue	0.12%	0.21%	0.1%	0.1%	0.14%	0.21%	0.14%	0.09%	0.1%	0.11%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	277.39M	209.34M	159.01M	159.78M	248.97M	303.5M	61.8M	77.13M	117.06M	124.38M
Operating Income+	-156.28M	-238.94M	226.22M	210.03M	-114.29M	-309.63M	16.29M	287.94M	244.95M	97.54M
Operating Margin %	-0.12%	-0.33%	0.14%	0.12%	-0.09%	-0.52%	0.02%	0.18%	0.15%	0.07%
Operating Income Growth %	-1.39%	-0.53%	1.95%	-0.07%	-1.54%	-1.71%	1.05%	16.67%	-0.15%	-0.6%
EBITDA+	114.7M	-21.68M	389.75M	373.15M	56.12M	-214.1M	88.98M	370.96M	353.07M	230.11M
EBITDA Margin %	0.09%	-0.03%	0.24%	0.22%	0.05%	-0.36%	0.1%	0.23%	0.22%	0.16%
EBITDA Growth %	-0.82%	-1.19%	18.97%	-0.04%	-0.85%	-4.82%	1.42%	3.17%	-0.05%	-0.35%
D&A (Non-Cash Add-back)	270.98M	217.26M	163.54M	163.12M	170.41M	95.53M	72.69M	83.02M	108.12M	132.57M
EBIT	-149.86M	-246.86M	221.69M	206.69M	-35.72M	-101.68M	5.41M	282.06M	253.89M	89.34M
Net Interest Income+	-1.95M	-214K	1.07M	1.94M	1.57M	123K	-1.87M	557K	8.26M	12.41M
Interest Income	83K	467K	1.49M	2.43M	1.91M	496K	59K	1.17M	8.6M	13.13M
Interest Expense	2.03M	681K	426K	489K	334K	373K	1.93M	614K	341K	724K
Other Income/Expense	-3.18M	-418K	6.6M	11.25M	1.19M	204K	157K	1.69M	11.29M	15.26M
Pretax Income+	-153.04M	-239.36M	232.82M	221.28M	-113.1M	-309.43M	16.45M	289.63M	256.24M	112.8M
Pretax Margin %	-0.12%	-0.33%	0.15%	0.13%	-0.09%	-0.52%	0.02%	0.18%	0.16%	0.08%
Income Tax+	-53.48M	-98.11M	70.31M	45.88M	-25.99M	-97.24M	9.23M	71.27M	61.13M	21.36M
Effective Tax Rate %	0.65%	0.59%	0.7%	0.79%	0.77%	0.69%	0.44%	0.75%	0.76%	0.81%
Net Income+	-99.56M	-141.25M	162.51M	175.4M	-87.11M	-212.19M	7.22M	218.36M	195.11M	91.44M
Net Margin %	-0.08%	-0.19%	0.1%	0.1%	-0.07%	-0.35%	0.01%	0.14%	0.12%	0.06%
Net Income Growth %	-1.41%	-0.42%	2.15%	0.08%	-1.5%	-1.44%	1.03%	29.26%	-0.11%	-0.53%
Net Income (Continuing)	-99.56M	-141.25M	162.51M	175.4M	-87.11M	-212.19M	7.22M	218.36M	195.11M	91.44M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.47	-0.66	0.75	0.82	-0.41	-1.00	0.03	1.01	0.90	0.43
EPS Growth %	-1.41%	-0.4%	2.14%	0.09%	-1.5%	-1.44%	1.03%	29.15%	-0.11%	-0.52%
EPS (Basic)	-0.47	-0.66	0.75	0.82	-0.41	-1.00	0.03	1.01	0.90	0.43
Diluted Shares Outstanding	210.27M	214.23M	214.3M	212.75M	212.22M	212.49M	212.99M	213.33M	212.93M	211.36M
Basic Shares Outstanding	210.27M	214.23M	214.3M	212.75M	212.22M	212.49M	212.99M	213.33M	213.35M	211.36M
Dividend Payout Ratio	-	-	0.27%	0.58%	-	-	-	0.04%	0.18%	0.38%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	492.21M	479.06M	640.13M	618.94M	436.86M	428.36M	492.01M	703.34M	727.07M	732.84M
Cash & Short-Term Investments	65.2M	131.84M	91.05M	116.26M	50.02M	84.5M	82.43M	126.42M	223.31M	325.98M
Cash Only	65.2M	131.84M	91.05M	116.26M	50.02M	84.5M	82.43M	126.42M	223.31M	325.98M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	283.58M	226.34M	418.1M	359.37M	266.72M	244.71M	317.14M	458.97M	377.18M	280.91M
Days Sales Outstanding	81.9	113.33	95.66	76.22	79.64	149.29	133.83	104.59	85.12	72.46
Inventory	128.44M	108.32M	114.87M	130.08M	100.95M	82.92M	78.98M	97.11M	110.9M	107.63M
Days Inventory Outstanding	47.54	65.04	39.9	40.13	40.07	62.96	43.47	32.57	37.15	37.9
Other Current Assets	6.03M	5.85M	7.13M	3.46M	8.71M	7.11M	3.68M	3.09M	2.77M	18.33M
Total Non-Current Assets+	744.89M	556.39M	507.09M	580.64M	673.9M	389.65M	406.63M	425.67M	587.45M	653.65M
Property, Plant & Equipment	688.34M	497.99M	443.93M	517.98M	550.58M	291.68M	299.31M	361.96M	460.71M	545.38M
Fixed Asset Turnover	1.84x	1.46x	3.59x	3.32x	2.22x	2.05x	2.89x	4.43x	3.51x	2.59x
Goodwill	32.15M	32.15M	32.15M	32.15M	32.15M	32.15M	32.15M	32.15M	50.82M	50.82M
Intangible Assets	0	0	0	0	0	0	0	1.08M	12.82M	13.84M
Long-Term Investments	-115.5M	-81.47M	-39.44M	-60.38M	0	0	0	0	0	0
Other Non-Current Assets	24.4M	26.26M	31.01M	30.51M	33.63M	38.31M	40.9M	30.48M	35.41M	43.6M
Total Assets+	1.24B	1.04B	1.15B	1.2B	1.11B	818M	898.63M	1.13B	1.31B	1.39B
Asset Turnover	1.02x	0.70x	1.39x	1.43x	1.10x	0.73x	0.96x	1.42x	1.23x	1.02x
Asset Growth %	-0.3%	-0.16%	0.11%	0.05%	-0.07%	-0.26%	0.1%	0.26%	0.16%	0.05%
Total Current Liabilities+	107.46M	101.47M	145.36M	143.24M	101.4M	79.56M	130.85M	178.6M	151.86M	181.91M
Accounts Payable	75.81M	70.54M	103.46M	103.4M	53.15M	41.08M	74.4M	115.21M	85.04M	84.49M
Days Payables Outstanding	28.06	42.35	35.94	31.9	21.09	31.19	40.95	38.65	28.49	29.75
Short-Term Debt	0	0	0	0	10.63M	9.19M	26.58M	0	7.74M	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	1000K	1000K
Other Current Liabilities	2.84M	3.09M	8.65M	3.08M	16.45M	9.75M	13.86M	9.61M	12.11M	16.17M
Current Ratio	4.58x	4.72x	4.40x	4.32x	4.31x	5.38x	3.76x	3.94x	4.79x	4.03x
Quick Ratio	3.39x	3.65x	3.61x	3.41x	3.31x	4.34x	3.16x	3.39x	4.06x	3.44x
Cash Conversion Cycle	101.38	136.01	99.62	84.45	98.61	181.06	136.35	98.51	93.78	80.61
Total Non-Current Liabilities+	177.35M	127.19M	90.17M	105.92M	179.02M	106.87M	126M	92.67M	140.16M	126.28M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	28.38M	21.09M	19.72M	19.52M	19.42M	22.28M
Deferred Tax Liabilities	115.5M	81.47M	39.44M	60.38M	94.86M	40.83M	52.02M	37.47M	78.97M	58.19M
Other Non-Current Liabilities	61.85M	127.19M	50.73M	45.55M	55.79M	44.95M	54.26M	35.69M	41.77M	45.81M
Total Liabilities	284.81M	228.65M	235.53M	249.16M	280.43M	186.44M	256.84M	271.28M	292.01M	308.2M
Total Debt+	0	0	0	0	39M	30.28M	46.3M	30.25M	27.16M	32.91M
Net Debt	-65.2M	-131.84M	-91.05M	-116.26M	-11.02M	-54.21M	-36.13M	-96.18M	-196.15M	-293.06M
Debt / Equity	-	-	-	-	0.05x	0.05x	0.07x	0.04x	0.03x	0.03x
Debt / EBITDA	-	-	-	-	0.69x	-	0.52x	0.08x	0.08x	0.14x
Net Debt / EBITDA	-0.57x	-	-0.23x	-0.31x	-0.20x	-	-0.41x	-0.26x	-0.56x	-1.27x
Interest Coverage	-76.91x	-350.87x	531.03x	429.51x	-342.18x	-830.12x	8.45x	468.96x	718.33x	134.72x
Total Equity+	952.28M	806.8M	911.7M	950.42M	830.33M	631.57M	641.79M	857.74M	1.02B	1.08B
Equity Growth %	-0.12%	-0.15%	0.13%	0.04%	-0.13%	-0.24%	0.02%	0.34%	0.19%	0.05%
Book Value per Share	4.53	3.77	4.25	4.47	3.91	2.97	3.01	4.02	4.80	5.10
Total Shareholders' Equity	952.28M	806.8M	911.7M	950.42M	830.33M	631.57M	641.79M	857.74M	1.02B	1.08B
Common Stock	21.7M	21.75M	21.65M	21.45M	21.44M	21.5M	21.56M	21.66M	21.5M	21.49M
Retained Earnings	948.55M	803.15M	906.75M	947.71M	832.11M	627.78M	640.94M	856.01M	1B	1.06B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-17.97M	-18.1M	-16.7M	-18.75M	-23.22M	-17.71M	-20.71M	-19.94M	-2.37M	-2.83M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	473.79M	101.7M	133.7M	389.01M	209.14M	77.96M	47.72M	201.29M	394.76M	349.39M
Operating CF Margin %	0.37%	0.14%	0.08%	0.23%	0.17%	0.13%	0.06%	0.13%	0.24%	0.25%
Operating CF Growth %	0.47%	-0.79%	0.31%	1.91%	-0.46%	-0.63%	-0.39%	3.22%	0.96%	-0.11%
Net Income	-99.56M	-141.25M	162.51M	175.4M	-87.11M	-212.19M	7.22M	218.36M	195.11M	91.44M
Depreciation & Amortization	275.41M	221.04M	166.56M	166.79M	172.61M	95.31M	72.51M	83.02M	108.12M	132.57M
Stock-Based Compensation	9.96M	10.22M	11.09M	9.42M	8.63M	8.73M	6.58M	6.38M	7.88M	9.19M
Deferred Taxes	-33.01M	-34.21M	-42.61M	21.39M	-22.23M	-25.84M	4.89M	19.5M	8.65M	6.9M
Other Non-Cash Items	5.01M	-8.35M	-4.53M	-14.01M	70.79M	200.63M	-10.88M	-5.24M	9.07M	-8.64M
Working Capital Changes	315.99M	54.25M	-159.32M	30.01M	66.45M	11.32M	-32.59M	-120.73M	65.93M	117.92M
Change in Receivables	401.75M	64.72M	-208.64M	53.98M	81.09M	80.77M	-91.08M	-141.79M	94.71M	125.6M
Change in Inventory	26.67M	20.29M	-6.28M	-15.66M	20.96M	18.08M	3.95M	-18.41M	0	2.96M
Change in Payables	-62.45M	-6.25M	29.18M	-7.75M	-42.24M	-9.13M	32.9M	35.76M	-34.52M	278K
Cash from Investing+	-157.58M	-21.34M	-104.39M	-219.73M	-235.79M	-42.66M	-47.63M	-123.72M	-241.71M	-201.55M
Capital Expenditures	-167.43M	-33.94M	-117.51M	-242.61M	-250.63M	-65.06M	-67.64M	-139.55M	-181M	0
CapEx % of Revenue	0.13%	0.05%	0.07%	0.14%	0.21%	0.11%	0.08%	0.09%	0.11%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	9.84M	12.6M	13.12M	22.88M	-235.79M	-42.66M	0	15.84M	18.09M	-201.55M
Cash from Financing+	-260.79M	-13.73M	-70.1M	-144.07M	-39.59M	-826K	-2.15M	-33.58M	-56.16M	-45.17M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-33.6M	-10.86M	-43.32M	-101.07M	-32.23M	0	0	-8.64M	-34.56M	-34.43M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.41M	392K	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	306.37M	67.77M	16.2M	146.4M	-41.49M	12.89M	-19.93M	61.73M	213.76M	129.46M
FCF Margin %	0.24%	0.09%	0.01%	0.09%	-0.03%	0.02%	-0.02%	0.04%	0.13%	0.09%
FCF Growth %	7.29%	-0.78%	-0.76%	8.04%	-1.28%	1.31%	-2.55%	4.1%	2.46%	-0.39%
FCF per Share	1.46	0.32	0.08	0.69	-0.20	0.06	-0.09	0.29	1.00	0.61
FCF Conversion (FCF/Net Income)	-4.76x	-0.72x	0.82x	2.22x	-2.40x	-0.37x	6.61x	0.92x	2.02x	3.82x
Interest Paid	0	0	0	0	0	0	0	170K	166K	0
Taxes Paid	0	0	0	0	0	0	0	35.81M	62.23M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.81%	-16.06%	18.91%	18.84%	-9.78%	-29.03%	1.13%	29.12%	20.75%	8.71%
Return on Invested Capital (ROIC)	-10.75%	-22.95%	22.69%	19.04%	-10.37%	-33.25%	2.07%	31.59%	23.14%	9.08%
Gross Margin	21.97%	16.61%	34.13%	31.26%	24.77%	19.65%	23.32%	32.07%	32.64%	26.74%
Net Margin	-7.88%	-19.38%	10.19%	10.19%	-7.13%	-35.47%	0.83%	13.63%	12.06%	6.46%
Debt / Equity	-	-	-	-	0.05x	0.05x	0.07x	0.04x	0.03x	0.03x
Interest Coverage	-76.91x	-350.87x	531.03x	429.51x	-342.18x	-830.12x	8.45x	468.96x	718.33x	134.72x
FCF Conversion	-4.76x	-0.72x	0.82x	2.22x	-2.40x	-0.37x	6.61x	0.92x	2.02x	3.82x
Revenue Growth	-45.93%	-42.32%	118.83%	7.88%	-28.97%	-51.06%	44.56%	85.19%	0.98%	-12.52%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Technical Services	1.18B	679.65M	23.84M	17.82M	-	-	815.05M	1.52B	1.52B	1.33B
Technical Services Growth	-	-42.17%	-96.49%	-25.25%	-	-	-	86.05%	-0.01%	-12.54%
Support Services	88.55M	49.32M	30.26M	50.81M	76.86M	41.81M	49.88M	85.4M	101.34M	88.99M
Support Services Growth	-	-44.30%	-38.64%	67.89%	51.26%	-45.59%	19.30%	71.20%	18.66%	-12.18%
Technical Service	-	-	-	-	1.15B	556.49M	-	-	-	-
Technical Service Growth	-	-	-	-	-	-51.42%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States	-	-	-	-	-	-	833.69M	1.57B	1.59B	1.38B
United States Growth	-	-	-	-	-	-	-	88.22%	1.25%	-13.43%
International	-	-	-	-	-	-	-	-	28.7M	39.6M
International Growth	-	-	-	-	-	-	-	-	-	37.98%
U	-	-	-	-	1.16B	562.39M	-	-	-	-
U Growth	-	-	-	-	-	-51.42%	-	-	-	-
Non Us	-	-	-	-	64.65M	35.91M	-	-	-	-
Non Us Growth	-	-	-	-	-	-44.45%	-	-	-	-
UNITED STATES	-	677.75M	1.54B	1.63B	-	-	-	-	-	-
UNITED STATES Growth	-	-	127.14%	5.92%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

RPC, Inc. (RES) has a price-to-earnings (P/E) ratio of 14.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

RPC, Inc. (RES) reported $1.54B in revenue for fiscal year 2024. This represents a 15% decrease from $1.81B in 2011.

RPC, Inc. (RES) saw revenue decline by 12.5% over the past year.

Yes, RPC, Inc. (RES) is profitable, generating $47.9M in net income for fiscal year 2024 (6.5% net margin).

Dividend & Returns

Yes, RPC, Inc. (RES) pays a dividend with a yield of 2.63%. This makes it attractive for income-focused investors.

RPC, Inc. (RES) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.

RPC, Inc. (RES) generated $75.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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