RES

MKT CAP:$2B

RPC, Inc.

Market Cap

$2B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$7.45+$1.92 (+34.72%)

Apr 22, 2026

Company Details

RPC, 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 Technica...

CEO

Ben Palmer

IPO Date

Jun 11, 1984

Website

www.rpc.net

Key Metrics TTM

Revenue

$1.6B

+15.0% YoY

Net Income

$32M

EPS (Diluted)

$0.15

Free Cash Flow

$53M

Revenue / Share

$7.66

Gross Margin

14.3%

Operating Margin

3.5%

Net Margin

2.0%

FCF Margin

3.3%

P/S

1.1x

P/E

55.1x

Earnings Reports

Q4 2025

Feb 27, 2026

$426M+27.0%EPS -$0.01

Q3 2025

Oct 30, 2025

$447M+32.4%EPS $0.06

Q2 2025

Jul 24, 2025

$421M+15.6%EPS $0.05

Q1 2025

Apr 24, 2025

$333M-11.9%EPS $0.06

FY 2024

Feb 28, 2025

$1.4B-12.5%EPS $0.43

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$268M	$68M	$20M
Q1 22	$285M	$76M	$23M
Q2 22	$376M	$115M	$60M
Q3 22	$460M	$150M	$92M
Q4 22	$482M	$173M	$112M
Q1 23	$477M	$171M	$91M
Q2 23	$416M	$150M	$82M
Q3 23	$330M	$91M	$23M
Q1 24	$378M	$101M	$32M
Q2 24	$364M	$102M	$35M
Q3 24	$338M	$90M	$19M
Q4 24	$335M	$85M	$11M
Q1 25	$333M	$89M	$12M
Q2 25	$421M	$103M	$16M
Q3 25	$447M	$112M	$21M
Q4 25	$426M	-$72M	$8M

Valuation

Quarter	P/S	P/E
Q4 21	2.0x	244.9x
Q1 22	1.8x	55.3x
Q2 22	1.5x	22.2x
Q3 22	1.3x	12.3x
Q4 22	1.1x	8.1x
Q1 23	1.0x	6.4x
Q2 23	1.0x	6.0x
Q3 23	1.0x	7.3x
Q1 24	1.1x	9.7x
Q2 24	1.2x	12.3x
Q3 24	1.3x	18.2x
Q4 24	1.2x	19.3x
Q1 25	1.3x	23.3x
Q2 25	1.2x	32.9x
Q3 25	1.2x	36.9x
Q4 25	1.1x	55.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$21M	-$1M
Q1 22	$8M	-$11M
Q2 22	$35M	$3M
Q3 22	-$2M	-$42M
Q4 22	$160M	$111M
Q1 23	$133M	$67M
Q2 23	$45M	$6M
Q3 23	$122M	$77M
Q1 24	$57M	$4M
Q2 24	$128M	$53M
Q3 24	$71M	$19M
Q4 24	$94M	$54M
Q1 25	$40M	$8M
Q2 25	$53M	$10M
Q3 25	$47M	$4M
Q4 25	$62M	$31M

Capital Expenditures

Quarter	CapEx
Q4 21	$23M
Q1 22	$19M
Q2 22	$31M
Q3 22	$40M
Q4 22	$49M
Q1 23	$65M
Q2 23	$39M
Q3 23	$44M
Q1 24	$53M
Q2 24	$75M
Q3 24	$52M
Q4 24	$40M
Q1 25	$32M
Q2 25	$43M
Q3 25	$42M
Q4 25	$31M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+80.5%	+45.8%
Q1 22	+55.9%	+35.4%
Q2 22	+98.9%	+65.9%
Q3 22	+104.0%	+69.1%
Q4 22	+79.7%	+49.0%
Q1 23	+67.5%	+47.6%
Q2 23	+10.7%	+5.8%
Q3 23	-28.1%	-16.3%
Q1 24	-21.6%	-6.6%
Q2 24	-23.6%	-14.9%
Q3 24	-18.8%	-4.5%
Q4 24	+1.5%	+5.6%
Q1 25	-11.9%	-7.2%
Q2 25	+15.6%	+23.3%
Q3 25	+32.4%	+33.9%
Q4 25	+27.0%	+28.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$2M	0.8%
Q1 22	$1M	0.5%
Q2 22	$2M	0.5%
Q3 22	$2M	0.3%
Q4 22	$2M	0.3%
Q1 23	$2M	0.4%
Q2 23	$2M	0.6%
Q3 23	$2M	0.6%
Q1 24	$2M	0.5%
Q2 24	$3M	0.7%
Q3 24	$2M	0.7%
Q4 24	$2M	0.7%
Q1 25	$3M	0.8%
Q2 25	$3M	0.8%
Q3 25	$3M	0.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q4 21	—	$32M
Q1 22	—	$36M
Q2 22	—	$36M
Q3 22	—	$38M
Q4 22	—	$38M
Q1 23	—	$42M
Q2 23	—	$44M
Q3 23	—	$42M
Q1 24	$40M	—
Q2 24	$37M	—
Q3 24	$38M	—
Q4 24	$41M	—
Q1 25	—	$42M
Q2 25	—	$41M
Q3 25	—	$45M
Q4 25	—	$48M

Revenue Segments

Quarter	Support Services	Technical Services
Q4 21	$14M	$254M
Q1 22	$18M	$266M
Q2 22	$19M	$356M
Q3 22	$24M	$436M
Q4 22	$24M	$458M
Q1 23	$25M	$452M
Q2 23	$26M	$390M
Q3 23	$27M	$303M
Q1 24	$21M	$356M
Q2 24	$23M	$341M
Q3 24	$24M	$313M
Q4 24	$21M	$315M
Q1 25	$21M	$312M
Q2 25	$24M	$397M
Q3 25	$25M	$422M
Q4 25	$21M	$405M

Revenue by Geography

Quarter	United States	International	Non-US
Q4 21	$262M	—	—
Q1 22	$275M	—	—
Q2 22	$369M	—	—
Q3 22	$450M	—	—
Q4 22	$475M	—	—
Q1 23	$469M	—	—
Q2 23	$409M	—	—
Q3 23	$323M	$7M	—
Q1 24	$368M	$10M	—
Q2 24	$353M	$11M	—
Q3 24	$327M	$11M	—
Q4 24	$327M	$8M	—
Q1 25	$325M	$8M	—
Q2 25	$412M	—	$8M
Q3 25	$439M	—	$8M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$73M	$0	$73M
Q2 22	$78M	$0	$78M
Q3 22	$36M	$0	$36M
Q4 22	$126M	$0	$126M
Q1 23	$178M	$0	$178M
Q2 23	$101M	$0	$101M
Q3 23	$172M	$0	$172M
Q4 23	$223M	$0	$223M
Q1 24	$212M	$0	$212M
Q2 24	$262M	$0	$262M
Q3 24	$277M	$0	$277M
Q4 24	$326M	$0	$326M
Q1 25	$327M	$0	$327M
Q2 25	$162M	$0	$162M
Q3 25	$163M	$0	$163M
Q4 25	$210M	$0	$210M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	216M	+1.2%	+1.4%
Q1 22	213M	-1.1%	+0.1%
Q2 22	213M	+0.1%	+0.2%
Q3 22	213M	0.0%	+0.2%
Q4 22	217M	+1.5%	+0.5%
Q1 23	214M	-1.4%	+0.2%
Q2 23	213M	-0.1%	0.0%
Q3 23	213M	-0.3%	-0.3%
Q1 24	212M	-0.5%	-2.3%
Q2 24	211M	-0.2%	-1.1%
Q3 24	211M	+0.0%	-1.0%
Q4 24	215M	+1.8%	+1.0%
Q1 25	212M	-1.4%	+0.1%
Q2 25	218M	+2.9%	+3.3%
Q3 25	219M	+0.4%	+3.7%
Q4 25	212M	-3.1%	-1.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$119.2K	2K
Q1 22	$126.5K	2K
Q2 22	$166.9K	2K
Q3 22	$204.3K	2K
Q4 22	$176.4K	3K
Q1 23	$174.5K	3K
Q2 23	$152.2K	3K
Q3 23	$120.9K	3K
Q1 24	$140.4K	3K
Q2 24	$135.3K	3K
Q3 24	$125.5K	3K
Q4 24	$129.1K	3K
Q1 25	$128.2K	3K
Q2 25	$162.0K	3K
Q3 25	$172.2K	3K
Q4 25	$147.2K	3K

Revenue / Employee