XPROExpro Group Holdings N.V.
Is the business good?
A genuinely good business: earnings fully cash-backed (3.3×) and margins widening.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
A balanced mix of margins, efficiency, and leverage. ROE 4% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is XPRO?
Expro Group Holdings N.V. earns 4.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 4.9 points below what the capital costs: growth destroys value
- Operating margin
- 4.7%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q1 2026
- Cash conversion
- 3.32×
Cash conversion · 2.77× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −2.8%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −48% |
| FY2021 | −15% |
| FY2022 | 0.19% |
| FY2023 | 0.71% |
| FY2024 | 5.5% |
| FY2025 | 5.1% |
Details›
- Gross margin12 months to Q1 2026
- 23%
- Operating margin12 months to Q1 2026
- 4.7%
- Net margin12 months to Q1 2026
- 2.3%
- Free cash flow margin
- 5.6%
- Revenue, trailing twelve months
- $1.58B
- Free cash flow, trailing twelve months
- $89M
- Net income, trailing twelve months
- $37M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Oil & Gas Equipment & Services
Ranks #21 of 29 by RyuScore