NYSE : XPRO
Expro Group Holdings N.V. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 17.26 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.94B
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Financial statements
Expro Group Holdings N.V. (XPRO) reported revenue of 1.55B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.55B | 1.61B | 1.71B | 1.51B | 1.28B | 825.76M |
| Cost of Revenue | 1.21B | 1.22B | 1.33B | 1.24B | 1.06B | 701.16M |
| Gross Profit | 347.77M | 383.92M | 379.44M | 271.47M | 222.06M | 124.60M |
| Selling, General & Admin | 75.41M | 74.34M | 86.52M | 62.75M | 55.65M | 71.30M |
| Operating Expenses | 266.56M | 266.44M | 249.99M | 235.01M | 195.42M | 195.16M |
| Operating Income | 81.20M | 117.48M | 129.45M | 36.46M | 26.65M | -70.56M |
| Interest Expense | -10.81M | -14.28M | -12.52M | -3.94M | -241.00K | -8.79M |
| Earnings From Equity Investments | 15.73M | 16.84M | 16.42M | 12.85M | 15.73M | 16.75M |
| Other Non Operating Income (Expenses) | -1.00M | 992.00K | -2.00M | -268.00K | 411.00K | 1.41M |
| EBT Excluding Unusual Items | 85.12M | 121.03M | 131.35M | 45.10M | 42.55M | -61.20M |
| Merger & Restructuring Charges | -27.89M | -34.97M | -39.46M | -23.58M | -21.45M | -55.42M |
| Gain (Loss) on Sale of Assets | 1.00M | |||||
| Other Unusual Items | 283.00K | 283.00K | 6.08M | -576.00K | ||
| Pretax Income | 57.51M | 86.34M | 97.97M | 20.95M | 21.10M | -115.62M |
| Income Tax Expense | 36.78M | 34.65M | 46.05M | 44.31M | 41.25M | 16.27M |
| Net Income | 20.73M | 51.69M | 51.92M | -23.36M | -20.14M | -131.89M |
| Net Income to Common | 20.73M | 51.69M | 51.92M | -23.36M | -20.14M | -131.89M |
| Shares Outstanding (Basic) | 113.76M | 115.00M | 114.76M | 109.16M | 109.07M | 80.53M |
| Shares Outstanding (Diluted) | 115.17M | 115.75M | 115.83M | 109.16M | 109.07M | 80.53M |
| EPS (Basic) | 0.18 | 0.45 | 0.45 | -0.21 | -0.18 | -1.64 |
| EPS (Diluted) | 0.18 | 0.45 | 0.45 | -0.21 | -0.18 | -1.64 |
| Free Cash Flow | 111.98M | 97.78M | 25.90M | 16.20M | -1.74M | -65.37M |
| Free Cash Flow Per Share | 0.97 | 0.84 | 0.22 | 0.15 | -0.02 | -0.81 |
| Gross Margin | 22.38% | 23.89% | 22.15% | 17.95% | 17.36% | 15.09% |
| Operating Margin | 5.22% | 7.31% | 7.56% | 2.41% | 2.08% | -8.54% |
| Profit Margin | 1.33% | 3.22% | 3.03% | -1.54% | -1.57% | -15.97% |
| Free Cash Flow Margin | 7.21% | 6.08% | 1.51% | 1.07% | -0.14% | -7.92% |
| EBITDA | 272.36M | 309.59M | 292.92M | 208.72M | 166.41M | 53.30M |
| EBITDA Margin | 17.52% | 19.26% | 17.10% | 13.80% | 13.01% | 6.46% |
| D&A For EBITDA | 191.16M | 192.11M | 163.47M | 172.26M | 139.77M | 123.87M |
| EBIT | 81.20M | 117.48M | 129.45M | 36.46M | 26.65M | -70.56M |
| EBIT Margin | 5.22% | 7.31% | 7.56% | 2.41% | 2.08% | -8.54% |
| Effective Tax Rate | 63.95% | 40.14% | 47.00% | 211.52% | 195.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 199.53M | 196.09M | 183.04M | 151.74M | 214.79M | 235.39M |
| Cash & Short-Term Investments | 199.53M | 196.09M | 183.04M | 151.74M | 214.79M | 235.39M |
| Accounts Receivable | 477.24M | 477.03M | 517.57M | 469.12M | 419.24M | 319.29M |
| Other Receivables | 38.18M | 31.65M | 28.64M | 27.58M | 26.94M | 20.56M |
| Receivables | 515.42M | 508.68M | 546.21M | 496.70M | 446.18M | 339.85M |
| Inventory | 170.59M | 167.90M | 159.04M | 143.32M | 153.72M | 125.12M |
| Restricted Cash | 35.00K | 1.38M | 1.63M | 1.43M | 3.67M | 4.46M |
| Other Current Assets | 98.20M | 86.29M | 74.13M | 58.41M | 47.15M | 59.32M |
| Total Current Assets | 983.77M | 960.34M | 964.05M | 851.60M | 865.51M | 764.13M |
| Property, Plant & Equipment | 592.41M | 595.93M | 630.34M | 585.53M | 537.17M | 561.95M |
| Long-Term Investments | 79.78M | 78.71M | 73.01M | 66.40M | 66.04M | 57.60M |
| Goodwill | 348.56M | 348.56M | 348.92M | 247.69M | 220.98M | 179.90M |
| Other Intangible Assets | 227.97M | 251.33M | 298.86M | 239.72M | 229.50M | 253.05M |
| Long-Term Accounts Receivable | 7.43M | 7.43M | 7.43M | 9.77M | 9.69M | 11.53M |
| Other Long-Term Assets | 20.41M | 17.14M | 10.94M | 12.30M | 8.26M | 26.46M |
| Total Assets | 2.26B | 2.26B | 2.33B | 2.01B | 1.94B | 1.85B |
| Accounts Payable | 136.49M | 101.33M | 143.73M | 146.76M | 100.95M | 84.95M |
| Accrued Expenses | 151.51M | 151.82M | 181.10M | 156.44M | 139.65M | 109.53M |
| Current Portion of Leases | 21.86M | 20.58M | 19.49M | 19.50M | 20.10M | 20.84M |
| Current Income Taxes Payable | 54.13M | 51.11M | 52.44M | 45.08M | 37.15M | 23.00M |
| Current Unearned Revenue | 18.90M | 16.00M | ||||
| Other Current Liabilities | 97.75M | 102.81M | 87.68M | 121.06M | 139.85M | 92.88M |
| Total Current Liabilities | 480.63M | 443.66M | 484.43M | 488.85M | 437.71M | 331.21M |
| Long-Term Debt | 79.06M | 79.06M | 121.06M | 20.00M | ||
| Long-Term Leases | 70.38M | 68.86M | 62.49M | 71.39M | 74.62M | 89.46M |
| Long-Term Unearned Revenue | 854.00K | 1.13M | ||||
| Pension & Post-Retirement Benefits | 314.00K | 10.43M | 10.45M | 11.34M | 29.12M | |
| Long-Term Deferred Tax Liabilities | 15.15M | 19.51M | 44.31M | 22.71M | 30.42M | 31.74M |
| Other Long-Term Liabilities | 108.70M | 112.76M | 119.33M | 103.75M | 97.17M | 75.54M |
| Total Liabilities | 754.79M | 725.31M | 842.06M | 717.13M | 651.26M | 557.07M |
| Common Stock | 8.57M | 8.56M | 8.49M | 8.06M | 7.91M | 7.84M |
| Additional Paid-In Capital | 2.11B | 2.11B | 2.08B | 1.91B | 1.85B | 1.83B |
| Retained Earnings | -474.54M | -475.53M | -527.22M | -579.13M | -555.77M | -535.63M |
| Treasury Stock | -154.15M | -127.14M | -83.42M | -64.70M | -40.87M | -22.79M |
| Comprehensive Income & Other | 17.93M | 18.05M | 14.47M | 22.32M | 27.55M | 20.36M |
| Shareholders' Equity | 1.51B | 1.53B | 1.49B | 1.30B | 1.29B | 1.30B |
| Total Liabilities & Equity | 2.26B | 2.26B | 2.33B | 2.01B | 1.94B | 1.85B |
| Total Debt | 171.31M | 168.51M | 203.05M | 110.88M | 94.72M | 110.30M |
| Net Cash (Debt) | 28.23M | 27.58M | -20.01M | 40.86M | 120.06M | 125.09M |
| Net Cash Per Share | 0.25 | 0.24 | -0.17 | 0.37 | 1.10 | 1.55 |
| Filing Date Shares Outstanding | 112.35M | 113.77M | 116.38M | 110.08M | 108.82M | 109.38M |
| Total Common Shares Outstanding | 112.21M | 113.56M | 116.30M | 110.03M | 108.74M | 109.70M |
| Working Capital | 503.14M | 516.67M | 479.62M | 362.75M | 427.80M | 432.93M |
| Book Value Per Share | 13.42 | 13.51 | 12.82 | 11.78 | 11.82 | 11.83 |
| Tangible Book Value | 929.02M | 934.24M | 843.71M | 808.47M | 835.41M | 864.62M |
| Tangible Book Value Per Share | 8.28 | 8.23 | 7.25 | 7.35 | 7.68 | 7.88 |
| Land | 22.18M | 22.18M | 22.18M | 22.18M | 22.26M | 21.58M |
| Buildings | 89.36M | 88.51M | 83.49M | 76.55M | 79.87M | 86.04M |
| Machinery | 1.27B | 1.22B | 1.13B | 970.59M | 788.63M | 700.12M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 20.73M | 51.69M | 51.92M | -23.36M | -20.14M | -131.89M |
| Depreciation & Amortization | 191.16M | 192.11M | 163.47M | 172.26M | 139.77M | 123.87M |
| Other Amortization | 5.17M | |||||
| Loss (Gain) From Sale of Assets | -1.00M | |||||
| Loss (Gain) From Sale of Investments | 1.20M | -511.00K | ||||
| Loss (Gain) on Equity Investments | -15.73M | -16.84M | -16.42M | -12.85M | -15.73M | -16.75M |
| Stock-Based Compensation | 30.44M | 29.17M | 26.35M | 19.57M | 18.49M | 54.16M |
| Other Operating Activities | 221.00K | -24.13M | -12.10M | -1.37M | -1.11M | -7.57M |
| Change in Accounts Receivable | 24.52M | 41.64M | -17.30M | -34.90M | -97.76M | -20.26M |
| Change in Inventory | -2.53M | -8.86M | 4.93M | 10.57M | -26.04M | 906.00K |
| Change in Accounts Payable | -12.94M | -65.08M | -11.08M | 34.60M | 35.49M | 5.37M |
| Change in Income Taxes | -2.42M | -973.00K | 11.90M | 8.80M | 10.21M | -2.06M |
| Change in Other Net Operating Assets | -6.47M | 11.44M | -32.20M | -35.02M | 35.80M | 6.70M |
| Operating Cash Flow | 227.00M | 210.17M | 169.48M | 138.31M | 80.17M | 16.14M |
| Capital Expenditures | -115.02M | -112.39M | -143.58M | -122.11M | -81.90M | -81.51M |
| Sale of Property, Plant & Equipment | 5.00M | 2.90M | 2.01M | 7.28M | 3.82M | |
| Cash Acquisitions | -31.97M | -28.71M | ||||
| Sale (Purchase) of Intangibles | -7.97M | |||||
| Investment in Securities | 572.00K | 11.39M | ||||
| Other Investing Activities | 7.50M | 189.74M | ||||
| Investing Cash Flow | -115.02M | -107.39M | -165.14M | -148.23M | -71.21M | 112.05M |
| Long-Term Debt Issued | 117.27M | 50.00M | ||||
| Long-Term Debt Repaid | -43.75M | -46.49M | -67.22M | -1.00M | -1.17M | |
| Net Debt Issued (Repaid) | -42.59M | -43.75M | 70.78M | -17.22M | -1.00M | -1.17M |
| Repurchase of Common Stock | -69.19M | -41.81M | -17.59M | -22.58M | -17.16M | -818.00K |
| Other Financing Activities | -6.21M | -11.16M | -23.62M | -9.53M | -7.45M | -5.19M |
| Financing Cash Flow | -117.99M | -96.72M | 29.57M | -49.34M | -25.61M | -7.18M |
| Foreign Exchange Rate Adjustments | -1.91M | 6.75M | -2.41M | -6.03M | -4.74M | -1.88M |
| Net Cash Flow | -7.92M | 12.81M | 31.50M | -65.29M | -21.39M | 119.14M |
| Free Cash Flow | 111.98M | 97.78M | 25.90M | 16.20M | -1.74M | -65.37M |
| Free Cash Flow Margin | 7.21% | 6.08% | 1.51% | 1.07% | -0.14% | -7.92% |
| Free Cash Flow Per Share | 0.97 | 0.84 | 0.22 | 0.15 | -0.02 | -0.81 |
| Levered Free Cash Flow | 173.21M | 148.29M | 33.76M | 92.65M | 70.15M | -64.21M |
| Unlevered Free Cash Flow | 179.97M | 157.22M | 41.59M | 95.12M | 70.30M | -63.88M |
| Cash Income Tax Paid | 47.09M | 54.55M | 39.25M | 44.27M | 33.17M | 20.13M |
| Change in Working Capital | 175.00K | -21.83M | -43.74M | -15.94M | -42.30M | -9.33M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.94B | 1.54B | 1.47B | 1.76B | 1.97B | 1.56B |
| Enterprise Value | 1.91B | 1.54B | 1.52B | 1.64B | 1.91B | 1.59B |
| Last Close Price | 17.26 | 13.35 | 12.47 | 15.92 | 18.13 | 14.35 |
| PE Ratio | 94.73 | 29.86 | 28.22 | |||
| Forward PE | 14.06 | 14.96 | 10.86 | 20.80 | 22.14 | |
| PS Ratio | 1.25 | 0.96 | 0.85 | 1.17 | 1.54 | 1.89 |
| PB Ratio | 1.29 | 1.01 | 0.98 | 1.36 | 1.53 | 1.21 |
| P/TBV Ratio | 2.09 | 1.65 | 1.74 | 2.18 | 2.36 | 1.81 |
| P/FCF Ratio | 17.32 | 15.78 | 56.56 | 108.77 | ||
| P/OCF Ratio | 8.54 | 7.34 | 8.64 | 12.74 | 24.59 | 96.85 |
| PEG Ratio | 1.46 | 2.11 | 0.91 | |||
| EV/Sales Ratio | 1.23 | 0.95 | 0.89 | 1.08 | 1.50 | 1.92 |
| EV/EBITDA Ratio | 7.02 | 4.96 | 5.17 | 7.86 | 11.49 | 29.75 |
| EV/EBIT Ratio | 23.53 | 13.07 | 11.71 | 45.02 | 71.76 | |
| EV/FCF Ratio | 17.07 | 15.70 | 58.50 | 101.33 | ||
| Debt / Equity Ratio | 0.11 | 0.11 | 0.14 | 0.09 | 0.07 | 0.09 |
| Debt / EBITDA Ratio | 0.43 | 0.38 | 0.47 | 0.31 | 0.34 | 0.85 |
| Debt / FCF Ratio | 1.53 | 1.72 | 7.84 | 6.84 | ||
| Net Debt / Equity Ratio | -0.02 | -0.02 | 0.01 | -0.03 | -0.09 | -0.10 |
| Net Debt / EBITDA Ratio | -0.10 | -0.09 | 0.07 | -0.20 | -0.72 | -2.35 |
| Net Debt / FCF Ratio | -0.25 | -0.28 | 0.77 | -2.52 | 69.20 | 1.91 |
| Asset Turnover | 0.68 | 0.70 | 0.79 | 0.77 | 0.68 | 0.57 |
| Inventory Turnover | 7.12 | 7.48 | 8.82 | 8.36 | 7.58 | 7.86 |
| Quick Ratio | 1.49 | 1.59 | 1.50 | 1.33 | 1.51 | 1.74 |
| Current Ratio | 2.05 | 2.17 | 1.99 | 1.74 | 1.98 | 2.31 |
| Return on Equity (ROE) | 1.37% | 3.42% | 3.72% | -1.81% | -1.56% | -13.81% |
| Return on Assets (ROA) | 2.21% | 3.20% | 3.72% | 1.15% | 0.88% | -3.05% |
| Return on Invested Capital (ROIC) | 1.96% | 4.66% | 4.96% | -3.36% | -2.18% | -8.03% |
| Return on Capital Employed (ROCE) | 4.60% | 6.50% | 7.00% | 2.40% | 1.80% | -4.60% |
| Earnings Yield | 1.06% | 3.35% | 3.54% | -1.33% | -1.02% | -8.44% |
| FCF Yield | 5.77% | 6.34% | 1.77% | 0.92% | -0.09% | -4.18% |
| Buyback Yield / Dilution | 1.65% | 0.07% | -6.11% | -0.08% | -35.45% | -13.59% |