Expro Group Holdings (XPRO) AI Stock Analysis

• Market Cap: $1.03B
• Dividend Yield: N/A
• Average Volume (3M): 1.05M
• Price to Earnings (P/E): 14.8
• Beta (1Y): 1.24
• Revenue Growth: 10.48%
• EPS Growth: N/A
• Country: US
• Employees: 8,500
• Sector: Energy
• Sector Strength: 48
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.12
• Shares Outstanding: 115,390,890
• 10 Day Avg. Volume: 880,562
• 30 Day Avg. Volume: 1,049,716
• PEG Ratio: 0.46
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 27.45
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 0.15
• Enterprise Value/Gross Profit: 4.46
• Enterprise Value/Ebitda: 0.95
• 1Y Price Target: $12.25
• Price Target Upside: 41.62% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 75 Outperform
• Price Target: $9.50 ▲(9.83%Upside)

Expro Group's overall stock score is driven by its strong financial performance and robust earnings call outcomes, despite near-term market uncertainties and mixed technical indicators. The company's strategic focus on operational efficiency and financial flexibility positions it well for future growth within the sector.

Positive Factors

Market Position

XPRO operates a formidable niche of proprietary technology, with strong moats in well test services and tubular running services that represent strategic assets within the broader OFS ecosystem.

Valuation

Despite the challenging 3Q results, the stock is now trading at just ~3.8x below-consensus '25 EBITDA forecast, which is considered too low for a company with differentiated businesses in offshore TRS and well testing.

Negative Factors

Investor Sentiment

Investors appear to be losing patience with XPRO after its 3Q EBITDA miss, FY24 EBITDA guide-down, and more subdued outlook for next year.

Revenue Target

White space concerns may limit the ability to drive similar pricing improvements in 2025, which will likely lead to the company falling short of reaching its $2bn mid-term revenue target on a run-rate basis.

Expro Group Holdings Business Overview & Revenue Model

Company Description

Expro Group Holdings (XPRO) is a leading provider of energy services, primarily catering to the oil and gas industry. The company specializes in offering well flow management services, which include well testing, subsea, completion, and production services. Expro operates across various geographical sectors, delivering innovative solutions and high-quality service delivery to optimize production, enhance operational efficiency, and ensure safety in challenging environments.

How the Company Makes Money

Expro Group Holdings generates revenue through its comprehensive range of services tailored for the oil and gas sector. The company earns money predominantly from contracts with oil and gas producers who require specialized well flow management services. Key revenue streams include well testing, subsea intervention, well completion, and production optimization services. Expro also engages in strategic partnerships and collaborations with major oil companies and engineering firms, enhancing its service offerings and expanding its market reach. Additionally, the company invests in technological advancements and innovations, which contribute to maintaining its competitive edge and securing long-term contracts with clients.

Expro Group Holdings Financial Statement Overview

Summary

Expro Group has demonstrated strong revenue growth and positive net profit margins, with a robust balance sheet characterized by low debt-to-equity. Cash flow has improved, but there's room for better cash conversion.

Income Statement

Expro Group has shown robust revenue growth, moving from $675 million in 2020 to $1.72 billion TTM (Trailing-Twelve-Months) in 2025, marking a significant upward trajectory. The gross profit margin has improved significantly from negative in 2020 to 15.5% TTM. Net profit margins have turned positive, reaching 3.99% TTM, indicating a successful turnaround in profitability. However, EBIT and EBITDA margins suggest room for improvement in operating efficiency.

Balance Sheet

The balance sheet exhibits strong equity growth with stockholders' equity increasing from $612 million in 2020 to approximately $1.5 billion in 2025 TTM. The debt-to-equity ratio is favorably low at 0.05 TTM, highlighting prudent leverage management. However, the equity ratio remains stable but could improve to ensure financial stability under potential market fluctuations.

Cash Flow

Expro's cash flow statements reveal a positive shift, with free cash flow turning positive from a deficit in 2020 to $35 million TTM. Operating cash flow has grown consistently, supporting ongoing capital expenditures. Although free cash flow growth is notable, enhancing the free cash flow to net income ratio would indicate better cash profitability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.71B	1.51B	1.28B	825.76M	675.03M
Gross Profit	215.97M	99.21M	82.30M	731.00K	-5.54M
EBITDA	273.95M	197.15M	161.11M	17.04M	84.34M
Net Income	51.92M	-23.36M	-20.14M	-131.89M	-307.05M
Balance Sheet
Total Assets	2.33B	2.01B	1.94B	1.85B	1.04B
Cash, Cash Equivalents and Short-Term Investments	183.04M	151.74M	214.79M	235.39M	116.92M
Total Debt	203.05M	110.88M	94.72M	110.30M	90.84M
Total Liabilities	842.06M	717.13M	651.26M	557.07M	427.77M
Stockholders Equity	1.49B	1.30B	1.29B	1.30B	611.98M
Cash Flow
Free Cash Flow	25.90M	16.20M	-9.70M	-65.37M	-42.00M
Operating Cash Flow	169.48M	138.31M	80.17M	16.14M	70.39M
Investing Cash Flow	-165.14M	-148.23M	-71.21M	112.05M	-96.77M
Financing Cash Flow	29.57M	-49.34M	-25.61M	-7.18M	-625.00K

Expro Group Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XPRO, the sentiment is Negative. The current price of 8.65 is below the 20-day moving average (MA) of 8.87, below the 50-day MA of 8.77, and below the 200-day MA of 11.24, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 47.40 is Neutral, neither overbought nor oversold. The STOCH value of 52.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XPRO.

Expro Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OII	79 Outperform	$2.41B	12.08	27.08%	―	8.14%	62.72%
XPRO	75 Outperform	$1.03B	14.79	4.91%	―	10.48%	―
WTTR	72 Outperform	$1.19B	28.38	4.51%	2.77%	-4.91%	-46.51%
RES	72 Outperform	$1.06B	20.23	4.92%	3.33%	-2.74%	-54.52%
MRC	67 Neutral	$1.24B	41.18	8.29%	―	-9.84%	-111.71%
HLX	59 Neutral	$907.67M	18.52	3.27%	―	-8.19%	―
Sector *	52 Neutral	C$2.96B	-1.54	-3.48%	6.52%	3.05%	-49.39%

Expro Group Holdings Corporate Events

Expro Group Holdings Appoints New CFO Sergio Maiworm

On June 12, 2025, Expro Group Holdings announced the appointment of Sergio Maiworm as the new Chief Financial Officer, effective June 30, 2025, succeeding Quinn Fanning. This leadership transition aligns with Expro’s evolving strategy and long-term growth objectives, aiming to deliver sustained value to shareholders, customers, and employees. Sergio Maiworm, joining from Talos Energy, brings over 20 years of experience in energy and finance, expected to support Expro’s next growth phase. The transition is not related to financial performance issues but is part of a broader strategic effort.

The most recent analyst rating on (XPRO) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Expro Group Holdings stock, see the XPRO Stock Forecast page.

Expro Group Reports Strong Q1 2025 Financials

Expro Group Holdings N.V. reported a solid financial performance for the first quarter of 2025, with revenue of $391 million and an adjusted EBITDA of $76 million, marking the highest first quarter adjusted EBITDA since its merger with Frank’s in 2021. Despite a decrease in revenue due to lower activity in several regions, the company achieved a net income of $14 million and continued to expand its adjusted EBITDA margin. Expro secured significant contracts, including a $50 million TRS contract in the Gulf of America and a $15 million intervention services contract in Indonesia, underscoring its commitment to delivering cost-effective, technology-driven solutions. The company remains optimistic about its medium- to long-term prospects, despite near-term uncertainties in the energy services industry.