Expro (XPRO)
Market Price (10/7/2026): $0 | Market Cap: $-Sector: Energy | Industry: Oil & Gas Equipment & Services
Expro (XPRO)
Market Price (10/7/2026): $0Market Cap: $-Sector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% Attractive yieldFCF Yield is 6.1% Low stock price volatilityVol 12M is 49% Megatrend and thematic driversMegatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include US Oilfield Technologies, Carbon Capture & Storage, Show more. | Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -112% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x, P/EPrice/Earnings or Price/(Net Income) is 89x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.1%, Rev Chg QQuarterly Revenue Change % is -7.0% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7% Key risksXPRO key risks include [1] a potential softening of activity in key international regions like the Middle East and [2] a decline in its Subsea Well Access business in areas such as the U.K. Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Attractive yieldFCF Yield is 6.1% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include US Oilfield Technologies, Carbon Capture & Storage, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -112% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x, P/EPrice/Earnings or Price/(Net Income) is 89x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.1%, Rev Chg QQuarterly Revenue Change % is -7.0% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7% |
| Key risksXPRO key risks include [1] a potential softening of activity in key international regions like the Middle East and [2] a decline in its Subsea Well Access business in areas such as the U.K. Show more. |
Qualitative Assessment
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Expro (XPRO) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Expro raised its full-year fiscal 2026 revenue guidance to a range of $1.65 billion to $1.70 billion. This upward revision, announced in late July 2026, was a key driver for the stock's performance, despite the company reporting an earnings per share (EPS) of $0.15 for fiscal Q2 2026 (ended June 30, 2026), which missed analyst consensus estimates by approximately 21%. Management also projected an Adjusted EBITDA margin exceeding 26% for fiscal Q4 2026, indicating an improving operational outlook.
2. The company completed the strategic acquisition of Enhanced Drilling for approximately $215 million in cash on July 23, 2026. This acquisition is anticipated to be a significant contributor to Expro's future growth by expanding its technology portfolio with managed pressure drilling capabilities.
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Expro (XPRO) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Expro raised its full-year fiscal 2026 revenue guidance to a range of $1.65 billion to $1.70 billion. This upward revision, announced in late July 2026, was a key driver for the stock's performance, despite the company reporting an earnings per share (EPS) of $0.15 for fiscal Q2 2026 (ended June 30, 2026), which missed analyst consensus estimates by approximately 21%. Management also projected an Adjusted EBITDA margin exceeding 26% for fiscal Q4 2026, indicating an improving operational outlook.
2. The company completed the strategic acquisition of Enhanced Drilling for approximately $215 million in cash on July 23, 2026. This acquisition is anticipated to be a significant contributor to Expro's future growth by expanding its technology portfolio with managed pressure drilling capabilities.
3. Expro demonstrated a commitment to shareholder returns through a substantial share repurchase program and robust free cash flow generation. During fiscal Q2 2026 (ended June 30, 2026), the company repurchased approximately $20 million in shares. This brought the year-to-date share repurchases to roughly $40 million. Additionally, Expro reported a strong adjusted free cash flow of $56 million in fiscal Q2 2026, a significant increase from $6 million in fiscal Q1 2026.
4. A favorable macroeconomic environment in the oil and gas sector supported the stock's trend. US crude oil prices touched $100 per barrel in mid-September 2026, with analysts subsequently raising their 2026 Brent crude forecasts to average nearly $90 per barrel. US oil and gas production also saw an increase in the third quarter of 2026, providing a positive backdrop for energy services companies.
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Stock Movement Drivers
Fundamental Drivers
The 9.9% change in XPRO stock from 6/30/2026 to 10/6/2026 was primarily driven by a 93.7% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.77 | 16.23 | 9.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,584 | 1,554 | -1.9% |
| Net Income Margin (%) | 2.3% | 1.3% | -42.4% |
| P/E Multiple | 45.7 | 88.6 | 93.7% |
| Shares Outstanding (Mil) | 114 | 113 | 0.5% |
| Cumulative Contribution | 9.9% |
Market Drivers
6/30/2026 to 10/6/2026| Return | Correlation | |
|---|---|---|
| XPRO | 9.9% | |
| Market (SPY) | 4.3% | 32.4% |
| Sector (XLE) | 20.0% | 41.4% |
Fundamental Drivers
The -6.8% change in XPRO stock from 3/31/2026 to 10/6/2026 was primarily driven by a -58.5% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.41 | 16.23 | -6.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,607 | 1,554 | -3.3% |
| Net Income Margin (%) | 3.2% | 1.3% | -58.5% |
| P/E Multiple | 38.2 | 88.6 | 131.5% |
| Shares Outstanding (Mil) | 114 | 113 | 0.4% |
| Cumulative Contribution | -6.8% |
Market Drivers
3/31/2026 to 10/6/2026| Return | Correlation | |
|---|---|---|
| XPRO | -6.8% | |
| Market (SPY) | 20.1% | 17.4% |
| Sector (XLE) | 4.8% | 49.1% |
Fundamental Drivers
The 36.6% change in XPRO stock from 9/30/2025 to 10/6/2026 was primarily driven by a 360.1% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.88 | 16.23 | 36.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,673 | 1,554 | -7.1% |
| Net Income Margin (%) | 4.3% | 1.3% | -68.7% |
| P/E Multiple | 19.2 | 88.6 | 360.1% |
| Shares Outstanding (Mil) | 115 | 113 | 2.1% |
| Cumulative Contribution | 36.6% |
Market Drivers
9/30/2025 to 10/6/2026| Return | Correlation | |
|---|---|---|
| XPRO | 36.6% | |
| Market (SPY) | 17.9% | 27.7% |
| Sector (XLE) | 45.9% | 51.7% |
Fundamental Drivers
The -30.1% change in XPRO stock from 9/30/2023 to 10/6/2026 was primarily driven by a -33.5% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10062026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.23 | 16.23 | -30.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,422 | 1,554 | 9.3% |
| P/S Multiple | 1.8 | 1.2 | -33.5% |
| Shares Outstanding (Mil) | 109 | 113 | -3.9% |
| Cumulative Contribution | -30.1% |
Market Drivers
9/30/2023 to 10/6/2026| Return | Correlation | |
|---|---|---|
| XPRO | -30.1% | |
| Market (SPY) | 88.5% | 40.1% |
| Sector (XLE) | 54.1% | 56.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| XPRO Return | -13% | 26% | -12% | -22% | 7% | 26% | 2% |
| Peers Return | 1505% | 74% | 34% | -1% | 18% | 28% | 5503% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 107% |
Monthly Win Rates [3] | |||||||
| XPRO Win Rate | 50% | 58% | 58% | 58% | 58% | 60% | |
| Peers Win Rate | 45% | 68% | 57% | 45% | 65% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| XPRO Max Drawdown | -63% | -53% | -42% | -54% | -53% | -29% | |
| Peers Max Drawdown | -33% | -44% | -25% | -31% | -33% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLB, HAL, BKR, WFRD, FTI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/6/2026 (YTD)
How Low Can It Go
| Event | XPRO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -49.1% | -18.8% |
| % Gain to Breakeven | 96.4% | 23.1% |
| Time to Breakeven | 199 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -36.6% | -9.5% |
| % Gain to Breakeven | 57.7% | 10.5% |
| Time to Breakeven | 194 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.7% | -6.7% |
| % Gain to Breakeven | 34.6% | 7.1% |
| Time to Breakeven | 25 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -40.3% | -24.5% |
| % Gain to Breakeven | 67.6% | 32.4% |
| Time to Breakeven | 84 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.8% | -33.7% |
| % Gain to Breakeven | 95.1% | 50.9% |
| Time to Breakeven | 349 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -16.3% | -12.2% |
| % Gain to Breakeven | 19.5% | 13.9% |
| Time to Breakeven | 7 days | 62 days |
In The Past
Expro's stock fell -49.1% during the 2025 US Tariff Shock. Such a loss loss requires a 96.4% gain to breakeven.
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Asset Allocation
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| Event | XPRO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -49.1% | -18.8% |
| % Gain to Breakeven | 96.4% | 23.1% |
| Time to Breakeven | 199 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -36.6% | -9.5% |
| % Gain to Breakeven | 57.7% | 10.5% |
| Time to Breakeven | 194 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.7% | -6.7% |
| % Gain to Breakeven | 34.6% | 7.1% |
| Time to Breakeven | 25 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -40.3% | -24.5% |
| % Gain to Breakeven | 67.6% | 32.4% |
| Time to Breakeven | 84 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.8% | -33.7% |
| % Gain to Breakeven | 95.1% | 50.9% |
| Time to Breakeven | 349 days | 140 days |
| 2013 Taper Tantrum | ||
| % Loss | -20.7% | -0.2% |
| % Gain to Breakeven | 26.0% | 0.2% |
| Time to Breakeven | 60 days | 1 days |
In The Past
Expro's stock fell -49.1% during the 2025 US Tariff Shock. Such a loss loss requires a 96.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Expro (XPRO)
Expro Group Holdings N.V. (XPRO) is a global energy services company that provides essential support to exploration and production (E&P) companies worldwide. Operating in approximately 60 countries across regions such as North and Latin America, Europe, Sub-Saharan Africa, the Middle East, North Africa, and the Asia-Pacific, Expro serves clients in both onshore and offshore environments.
The company's core business is divided into two main categories: well construction services and well management services. For well construction, Expro offers technology solutions related to drilling, tubular running services (installing piping), cementing, and supplying tubulars. Its well management services focus on optimizing and maintaining wells, including well flow management, subsea well access, and crucial well intervention and integrity services.
Expro's primary customers are exploration and production companies that seek specialized expertise and technologies to efficiently and safely develop and manage their oil and gas wells. By offering a comprehensive suite of services throughout the well's lifecycle, Expro plays a vital role in supporting the operational needs of the global energy sector.
AI Analysis | Feedback
Expro is like a more specialized Schlumberger or Halliburton, providing essential technology and services for building and maintaining oil and gas wells globally.
Think of Expro as the behind-the-scenes engineering and service team for energy companies, similar to how major oilfield service providers like Halliburton enable the extraction of oil and gas.
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- Drilling Technology Solutions: Provides specialized technology and services for the drilling phase of oil and gas wells.
- Tubular Running Services: Involves the safe and efficient running of casing and tubing into oil and gas wells.
- Cementing and Tubulars: Offers services related to cementing operations and the supply/management of tubular goods for well construction.
- Well Flow Management: Provides solutions to optimize and manage the flow of hydrocarbons from production wells.
- Subsea Well Access: Delivers specialized services and equipment for accessing and maintaining wells located on the seabed.
- Well Intervention and Integrity Services: Focuses on maintaining, repairing, and ensuring the long-term structural integrity of wells.
AI Analysis | Feedback
Expro Group Holdings N.V. (XPRO) provides energy services primarily to other businesses, specifically exploration and production (E&P) companies. Identifying specific "major customers" by name for B2B service providers like Expro can be challenging as this information is often considered proprietary and not widely disclosed, unless a single customer accounts for a significant portion (e.g., 10% or more) of their revenue, in which case it would typically be mentioned in their financial filings (e.g., 10-K reports).
Based on the nature of their services (well construction, well management, drilling, etc.) and the industries they serve (onshore and offshore environments in approximately 60 countries), their customer base would broadly consist of a wide range of global and regional E&P companies. These would include:
- Major integrated oil and gas companies
- Independent oil and gas producers
- National oil companies (NOCs)
While specific customer names are not publicly detailed by Expro, examples of the *types* of public companies that would utilize Expro's services include, but are not limited to:
- Exxon Mobil Corporation (XOM)
- Chevron Corporation (CVX)
- Shell plc (SHEL)
- BP p.l.c. (BP)
- TotalEnergies SE (TTE)
- ConocoPhillips (COP)
- EOG Resources, Inc. (EOG)
- Occidental Petroleum Corporation (OXY)
These companies represent the typical profile of exploration and production operators that would contract Expro for its specialized well services and technology solutions.
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AI Analysis | Feedback
Michael Jardon
President and Chief Executive Officer
Michael Jardon was appointed President and Chief Executive Officer of Expro Group Holdings N.V. in October 2021. Prior to this role, he served as the Chief Executive Officer of Legacy Expro starting in April 2016, and for five years before that, as Chief Operating Officer. His career also includes three years as President of North America at Vallourec, where he led commercial activities, global research and development, and managed sales and strategy for the region. From 1992 to 2008, he held various senior roles at Schlumberger, including Vice President Well Testing and Subsea for North and South America. Mr. Jardon holds a Bachelor of Science degree in Mechanical Engineering and Mathematics from the Colorado School of Mines. Expro has a history of evolving through various ownership structures, including being a private equity-backed firm before becoming publicly traded.
Sergio Maiworm
Chief Financial Officer
Sergio Maiworm was appointed Chief Financial Officer of Expro Group Holdings N.V., effective June 30, 2025. He joins Expro from Talos Energy, where he previously served as CFO. Mr. Maiworm brings over two decades of experience in energy and finance.
Alistair Geddes
Chief Operating Officer
Alistair Geddes serves as the Chief Operating Officer of Expro Group Holdings N.V. He is responsible for global operations, ensuring efficient service delivery across the company's approximately 60 operating countries.
Steven J. Russell
Chief Technology Officer
Steven J. Russell is the Chief Technology Officer at Expro Group Holdings N.V.
Natalie Questell
Senior Vice President of Human Resources
Natalie Questell serves as the Senior Vice President of Human Resources for Expro Group Holdings N.V.
AI Analysis | Feedback
The key risks to Expro (XPRO) are:
- Market Volatility and Fluctuations in Oil & Gas Prices: Expro's business is heavily dependent on the capital expenditure and activity levels of exploration and production (E&P) companies, which are directly influenced by the volatile prices of oil and natural gas. Sustained low or fluctuating commodity prices can lead to reduced customer spending, project delays or cancellations, and renegotiated contracts, directly impacting Expro's revenue and profitability. Recent analyst downgrades and flat revenue guidance for Expro have been attributed to softer global drilling activity and weaker oil prices.
- Energy Transition Pressures and Regulatory & Environmental Risks: The global shift towards lower-carbon energy sources and increasing environmental concerns pose a significant long-term risk to the oil and gas services industry. The rising demand for renewable energy and stricter environmental regulations, including those related to climate change, could reduce the demand for traditional oilfield services, increase operational costs, and lead to more stringent compliance requirements and potential liabilities for Expro.
- Geopolitical Tensions and Business Interruptions: Expro operates in approximately 60 countries, exposing it to geopolitical instability, conflicts, trade disputes, and sanctions, which can disrupt global supply chains and increase operational costs. Business interruption is a primary concern for the oil and gas sector, driven by factors such as geopolitical instability, supply chain disruptions, and natural catastrophes. Expro generally does not maintain business interruption insurance, which could amplify the financial impact of such events.
AI Analysis | Feedback
The accelerating global energy transition and decarbonization efforts represent a clear emerging threat. As the world shifts towards renewable energy sources and away from fossil fuels, there is a secular decline in demand and investment for new oil and gas exploration and production projects. This directly impacts Expro's core business, which relies on providing well construction and management services to exploration and production companies.
AI Analysis | Feedback
Expro Group Holdings N.V. (XPRO) engages in the provision of energy services, including well construction and well management services. The addressable markets for its main products and services are sized as follows:
Well Construction Services
- Drilling Services: The global drilling services market was valued at USD 17.82 billion in 2025 and is projected to reach USD 31.65 billion by 2034. North America accounted for 26.48% of the global market in 2025.
- Tubular Running Services: The global Tubular Running Service market was valued at US$ 5.806 billion in 2025 and is anticipated to reach US$ 8.561 billion by 2032. North America leads this market with approximately 40% market share, followed by Europe (around 25%), Asia-Pacific (about 20% by 2025), Latin America (around 10%), and the Middle East & Africa (projected to increase to 5%).
- Well Cementing Services: The global well cementing services market size was estimated at USD 8.8 billion in 2023 and is anticipated to reach USD 11.6 billion by 2030. North America secured 41.1% of the global revenue share in 2023. Another source indicates the global market size was USD 13.13 billion in 2024 and is expected to reach USD 23.42 billion by 2032, with North America dominating with 46.87% in 2024.
Well Management Services
- Well Intervention and Integrity Services (Well Intervention Services): The global well intervention market size was estimated at USD 9.79 billion in 2025 and is projected to reach USD 14.23 billion by 2033. North America held the largest share of over 39.0% of the global market in 2025. The Middle East & Africa market size is anticipated to be USD 0.96 billion in 2026. Asia Pacific is expected to grow at the fastest CAGR.
- Subsea Well Access: The global subsea well access and BOP system market size was valued at USD 3.87 billion in 2024 and is expected to reach USD 5.64 billion by 2032. North America is currently the largest market, followed by the Middle East and Asia-Pacific. Europe is poised to grow at the fastest CAGR.
- Coiled Tubing Services: The global coiled tubing services market size was valued at USD 7.88 billion in 2025 and is projected to grow to USD 12.39 billion by 2034. North America dominated the global market with a share of 53.32% in 2025. The Middle East and Africa is projected to grow at the fastest rate of 7% CAGR through 2030.
- Well Testing Services: The global well testing services market was valued at USD 6.9 billion in 2024 and is expected to reach USD 13.6 billion by 2033. Europe was the largest market in 2023, while Asia-Pacific is projected to be the fastest-growing market.
AI Analysis | Feedback
Expro (XPRO) is expected to drive future revenue growth over the next two to three years through a combination of organic expansion, strategic market focus, technological innovation, and diversification into sustainable energy solutions.
- Organic Revenue Growth and Increased Customer Spending: Expro is targeting over 10% organic revenue growth as a key factor in achieving its medium-term financial goals. This growth is anticipated to be supported by an improving activity mix, with customers increasing their spending on drilling and completions services.
- Strategic Geographic Expansion and Strong International Presence: The company's focus on its international and offshore operations, which constitute approximately 80% of its revenue, is a significant growth driver. Expro has shown strong performance in regions like Europe and Sub-Saharan Africa (ESSA) and plans to continue its upward trajectory in key markets such as Saudi Arabia, Guyana, and Mexico. Major contract awards, like a four-year, $380 million contract in North Africa, further underscore revenue visibility from international expansion.
- Technological Advancements and Integration of Acquired Technologies: The deployment of innovative technologies, such as the XRD Spider and CATs ATX real-time downhole control, is expected to enhance efficiency, safety, and increase Expro's "wallet share" with customers. Furthermore, the acquisition of Coretrax, a leader in well integrity and production optimization, is strategically positioned to strengthen Expro's market position and expand its technology offerings across more countries. The cementing technology business is also projected to achieve significant annual revenue in the coming years.
- Expansion into Sustainable Energy Solutions: Expro is actively pursuing growth opportunities in the geothermal and carbon capture and storage (CCS) sectors. These initiatives aim to support governmental and operator efforts in reducing emissions, and the company has already provided services for green hydrogen and chlorine production pilot programs, signaling a strategic move into new energy markets.
- Modest Net Pricing Gains: Anticipated net pricing improvements, particularly within its well construction and subsea businesses, are expected to contribute to revenue growth and a 1% to 2% margin expansion. This indicates that Expro aims to capture additional value for its specialized services.
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Share Repurchases
- In February 2026, Expro authorized a new share repurchase program of up to $100 million, valid through December 31, 2026.
- The company recently completed a prior share buyback program totaling $87.26 million.
- Approximately $10 million was utilized to repurchase 1 million shares in Q1 2025 under a previous authorization.
Share Issuance
- The formation of Expro Group Holdings N.V. on October 1, 2021, resulted from an all-stock merger with Legacy Expro (Expro Group Holdings International Limited), with Frank's International N.V. being renamed.
- The weighted average shares outstanding saw a significant increase of 8808.14% in 2021.
Outbound Investments
- Expro acquired PRT Offshore in 2023, which is leveraging Expro's global footprint for improved asset utilization and revenue.
- The integration of Coretrax is proceeding well, demonstrating strong market penetration in the Middle East and Australia.
Capital Expenditures
- Capital expenditures were -$112.39 million in the last 12 months.
- For the full year 2025, capital expenditures were projected to be approximately $95 million.
- The company is committed to a disciplined approach to capital allocation, investing in value-enhancing growth and innovation.
Peer Outperformance in Oil & Gas Equipment & Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| XPRO | Expro | 3.4% | 88.6x | 23.1% | -23.3% | -13.3% | — |
| WFRD | Weatherford International | 0.3% | 15.7x | 24.3% | -5.9% | 314.9% | +328pp |
| BKR | Baker Hughes | 6.2% | 18.3x | 18.2% | 80.4% | 158.5% | +172pp |
| SLB | SLB | 5.4% | 24.0x | 48.1% | -3.0% | 80.0% | +93pp |
| HAL | Halliburton | 0.0% | 17.1x | 37.0% | -9.4% | 54.3% | +68pp |
| NOV | NOV | 2.7% | 71.8x | 43.0% | 8.1% | 49.0% | +62pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 11 | 126.9% | 148.3% | 380.5% | MPC 661% · VLO 545% · PBF 545% |
| Integrated Oil & Gas | 7 | 38.5% | 69.4% | 223.1% | IMO 315% · SU 279% · CVE 226% |
| Oil & Gas Storage & Transportation | 18 | 26.4% | 127.3% | 180.7% | INSW 1016% · LPG 867% · TRGP 507% |
| Oil & Gas Equipment & Services ← | 34 | 34.4% | 24.6% | 86.5% | SEI 1041% · FTI 816% · TDW 544% |
| Coal & Consumable Fuels | 14 | -17.8% | 23.9% | 80.0% | EU 1043% · CCJ 321% · LEU 287% |
| Oil & Gas Drilling | 7 | 57.4% | 5.9% | 57.7% | VAL 131% · PDS 96% · NE 77% |
| Oil & Gas Exploration & Production | 51 | 19.0% | 10.0% | 47.7% | KGEI 9239% · OBE 6415% · EP 2683% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Expro Earnings Notes | 12/16/2025 | |
| With Expro Stock Sliding, Have You Assessed The Risk? | 10/17/2025 | |
| Expro (XPRO) Operating Cash Flow Comparison | 08/09/2025 | |
| Expro (XPRO) Debt Comparison | 08/09/2025 | |
| Expro (XPRO) Revenue Comparison | 08/09/2025 | |
| Expro (XPRO) EBITDA Comparison | 08/09/2025 | |
| Expro (XPRO) Operating Income Comparison | 08/09/2025 | |
| Expro (XPRO) Net Income Comparison | 08/09/2025 | |
| Expro (XPRO) Tax Expense Comparison | 08/09/2025 | |
| Why Expro Stock Moved: XPRO Stock Has Lost 28% Since 2022 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S) | 08/08/2025 | |
| ARTICLES | ||
| Market Movers | Winners: XPRO, SANM, REPL | Losers: NEO, KFRC, HRI | 07/30/2025 |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.77 |
| Mkt Cap | 26.8 |
| Rev LTM | 16,397 |
| Op Inc LTM | 2,253 |
| FCF LTM | 1,648 |
| FCF 3Y Avg | 1,657 |
| CFO LTM | 2,305 |
| CFO 3Y Avg | 2,450 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.5% |
| Rev Chg 3Y Avg | 4.4% |
| Rev Chg Q | 0.6% |
| QoQ Delta Rev Chg LTM | 0.2% |
| Op Inc Chg LTM | -15.8% |
| Op Inc Chg 3Y Avg | 8.8% |
| Op Mgn LTM | 13.0% |
| Op Mgn 3Y Avg | 13.9% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 15.5% |
| CFO/Rev 3Y Avg | 15.1% |
| FCF/Rev LTM | 11.1% |
| FCF/Rev 3Y Avg | 9.8% |
Price Behavior
| Market Price | $16.23 | |
| Market Cap ($ Bil) | 1.8 | |
| First Trading Date | 08/09/2013 | |
| Distance from 52W High | -14.4% | |
| 50 Days | 200 Days | |
| DMA Price | $17.18 | $16.25 |
| DMA Trend | up | up |
| Distance from DMA | -5.5% | -0.1% |
| 3M | 1YR | |
| Volatility | 40.4% | 48.3% |
| Downside Capture | 110.94 | 97.79 |
| Upside Capture | 150.67 | 104.12 |
| Correlation (SPY) | 37.6% | 28.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.19 | 0.98 | 1.25 | 0.69 | 1.04 | 1.41 |
| Up Beta | -2.38 | 0.52 | 0.74 | -1.32 | 0.21 | 1.59 |
| Down Beta | 1.72 | 3.77 | 2.13 | 1.97 | 1.99 | 1.87 |
| Up Capture | -22% | 72% | 135% | 73% | 106% | 61% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 20 | 33 | 59 | 123 | 364 |
| Down Capture | 150% | 100% | 107% | 140% | 93% | 106% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 22 | 31 | 66 | 125 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XPRO | |
|---|---|---|---|---|
| XPRO | 30.0% | 48.5% | 0.69 | - |
| Sector ETF (XLE) | 46.8% | 21.9% | 1.66 | 51.8% |
| Equity (SPY) | 17.5% | 13.0% | 0.96 | 27.9% |
| Gold (GLD) | 6.9% | 29.6% | 0.23 | 13.3% |
| Commodities (DBC) | 46.1% | 20.8% | 1.71 | 22.7% |
| Real Estate (VNQ) | 2.1% | 13.7% | -0.10 | 10.6% |
| Bitcoin (BTCUSD) | -29.8% | 44.3% | -0.67 | 19.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XPRO | |
|---|---|---|---|---|
| XPRO | -0.6% | 56.0% | 0.20 | - |
| Sector ETF (XLE) | 23.4% | 25.5% | 0.80 | 60.2% |
| Equity (SPY) | 13.9% | 17.1% | 0.62 | 37.4% |
| Gold (GLD) | 18.7% | 18.9% | 0.80 | 11.2% |
| Commodities (DBC) | 10.3% | 19.5% | 0.40 | 38.9% |
| Real Estate (VNQ) | 1.2% | 18.8% | -0.04 | 27.4% |
| Bitcoin (BTCUSD) | 16.0% | 52.2% | 0.47 | 15.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XPRO | |
|---|---|---|---|---|
| XPRO | -13.2% | 65.6% | 0.07 | - |
| Sector ETF (XLE) | 10.9% | 29.6% | 0.40 | 61.0% |
| Equity (SPY) | 15.6% | 17.9% | 0.74 | 41.2% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | 2.7% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 35.3% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 31.1% |
| Bitcoin (BTCUSD) | 64.1% | 66.2% | 1.04 | 10.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/28/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2026 | -1.6% | 1.9% | 12.4% |
| SUMMARY STATS | |||
| # Positive | 0 | 1 | 1 |
| # Negative | 1 | 0 | 0 |
| Median Positive | 1.9% | 12.4% | |
| Median Negative | -1.6% | ||
| Max Positive | 1.9% | 12.4% | |
| Max Negative | -1.6% | ||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2026 | -1.6% | 1.9% | 12.4% |
| SUMMARY STATS | |||
| # Positive | 0 | 1 | 1 |
| # Negative | 1 | 0 | 0 |
| Median Positive | 1.9% | 12.4% | |
| Median Negative | -1.6% | ||
| Max Positive | 1.9% | 12.4% | |
| Max Negative | -1.6% | ||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/28/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/28/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 03/08/2022 | 10-K |
Investor Activity (13F)
Updated Oct 7, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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