Latest Ratios: P/E Ratio 39.0x · EV/EBITDA 5.4x · 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 | $1.3B | $1.2B | $1.3B | $1.6B | $1.9B | $967M | $669M | $1.1B | $2.1B | $5.5B | $4.2B |
| Enterprise Value | $1.2B | $1.1B | $962M | $1.4B | $1.8B | $931M | $615M | $1.1B | $2.0B | $5.4B | $4.1B |
| P/E Ratio → | 39.00 | 36.27 | 13.81 | 8.09 | 8.80 | 135.52 | — | — | 12.04 | 34.04 | — |
| P/S Ratio | 0.80 | 0.73 | 0.89 | 0.96 | 1.18 | 1.12 | 1.12 | 0.91 | 1.22 | 3.43 | 5.82 |
| P/B Ratio | 1.17 | 1.09 | 1.16 | 1.52 | 2.21 | 1.51 | 1.06 | 1.34 | 2.21 | 6.00 | 5.26 |
| P/FCF | 24.50 | 22.55 | 9.70 | 7.25 | 30.72 | — | 51.92 | — | 14.34 | 337.83 | 62.62 |
| P/OCF | 6.44 | 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 | 5.42 | 4.95 | 4.18 | 3.83 | 4.85 | 10.46 | — | 19.62 | 5.32 | 13.80 | — |
| EV / EBIT | 20.79 | 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 | 2.7% | 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 | 2.6% | 2.8% | 7.2% | 12.4% | 11.4% | 0.7% | — | — | 8.3% | 2.9% | — |
| FCF Yield | 4.1% | 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 | 3.0% | 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 |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RES stock.
RPC, Inc.'s current P/E ratio is 39.0x. The historical average is 21.9x. This places it at the 96th percentile of its historical range.
RPC, Inc.'s current EV/EBITDA is 5.4x. 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 39.0x. 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 2.74% 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.
Key Metrics
Top Statement Risk
Gross margin volatility and negative gross profit quarter
Metrics are mathematically derived from official filings.
Margin Volatility Masks Underlying Earning Power
Gross margin swung from -16.9% in 2025Q4 to 34.3% in 2026Q2, per reported financials, while operating margin remains thin at 3.2%, indicating unstable profitability.
The extreme gross margin swings, including a negative quarter, suggest that cost of sales is highly sensitive to pricing and utilization, likely reflecting one-time charges or inventory write-downs. Operating margin has hovered in the low single digits, implying that fixed costs absorb revenue gains, and the recent recovery in gross margin may not translate into sustainable operating leverage. Investors should monitor whether the 34.3% gross margin in 2026Q2 is sustainable or a rebound from an anomaly.
Return on Capital Remains Subdued
ROIC has stayed below 3.2% over the past ten quarters, with 2026Q2 at 1.1%, as per financial statements, indicating limited value creation relative to invested capital.
Despite a strong balance sheet, returns on capital are weak, with ROE and ROIC both in the low single digits. The company's asset-heavy model, with PP&E at roughly 36% of total assets, requires high utilization to generate adequate returns, which has not materialized consistently. The recent improvement in margins in 2026Q2 may lift returns, but the historical trend suggests a cyclical business with limited compounding.
Working Capital Efficiency Shows Mixed Signals
Cash conversion cycle improved from 96 days in 2024Q1 to 65 days in 2026Q2, per reported data, but DSO remains elevated at 75 days, indicating slow receivables collection.
The reduction in CCC is driven by faster inventory turnover and extended payables, but DSO has not improved, suggesting that customers are taking longer to pay. This may reflect a shift in customer mix or pricing power, but it also ties up cash. The company's asset turnover is low at 0.31, indicating that the asset base is not generating sufficient revenue, which is consistent with the capital-intensive nature of the business.
Low Leverage Provides Flexibility
Debt-to-equity stands at 0.05 as of 2026Q2, with interest coverage of 6.34, per reported figures, indicating minimal financial risk despite rising debt levels.
Total debt has nearly doubled from $27.3M to $51.9M over the past ten quarters, but it remains modest relative to equity and EBITDA. Interest coverage, while volatile, has been adequate, though it dipped to 1.16 in 2025Q4 when EBITDA was depressed. The low leverage provides a cushion against operational volatility, but investors should monitor the trajectory of debt if cash flows weaken.
Liquidity Buffer Thinning but Still Adequate
Current ratio declined from 4.95 in 2025Q1 to 3.34 in 2026Q2, while cash dropped to $179.5M, per SEC filings, indicating a reduced but still comfortable liquidity position.
The quick ratio remains above 2.7, suggesting that the company can cover short-term obligations without relying on inventory sales. However, the declining cash balance and current ratio warrant attention, especially if the business faces another downturn like the negative gross margin quarter in 2025Q4. The strong liquidity position provides a buffer, but it is not as robust as it was a year ago.
P/E Misleads in Cyclical Downturn
The trailing P/E of 42.4 overstates value due to depressed earnings, while EV/EBITDA of 5.94 better reflects the company's cyclical position, as per reported multiples.
In cyclical industries, trailing P/E can be misleading because earnings are near cyclical lows, inflating the multiple. For RES, the forward P/E of 26.07 is more indicative, but EV/EBITDA is a more stable metric that accounts for the capital structure and non-cash charges. Investors should focus on EV/EBITDA relative to historical averages and peer multiples, as the current level suggests the market is pricing in a recovery that may not materialize if oil prices remain volatile.