XPRONYSEOil & Gas Field Services, NECFiscal year ends December 31
Expro Ltd
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 28, 2026
$16.38+0.22 (+1.36%)
Close on Oct 19, 2026
- Market cap
- $1.86B
- P/E (TTM)
- 51.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.9%+21.8 pts over 5 years
Operating margin
5.0%+52.8 pts over 5 years
Net margin
3.2%+48.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.2% | +7.9% | +18.9% | +5.1% | |
| Gross profit | +1.2% | +20.0% | +93.7% | -7.6% | |
| Operating income | -13.8% | +220.6% | – | -5.6% | |
| Net income | -0.4% | – | – | -4.2% | |
| EPS, diluted | 0.0% | – | – | -17.3% | |
| Free cash flow | +277.5% | – | – | -11.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -9.8% | -40.0% | 3.4% | |
| Return on assets | -8.2% | -30.2% | 2.3% | |
| Current ratio | 6.44 | 1.91 | 2.16 | |
| Inventory turnover | 2.8× | 10.0× | 7.5× | |
| Capex to revenue | 8.6% | 16.6% | 7.0% | |
| Diluted shares | 29M | 71M | 116M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Expro generated $614.27M from operations and spent $628.75M on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
Generated
$614.27M
Used
$628.75M
Capital expenditure$541.49M86%Dividends$00%Share buybacks$87.26M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.2%
×Asset turnover0.70×
×Equity multiplier1.52×
=Return on equity, FY20253.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.2% | 0.70× | 1.52× | 3.4% |
| FY2024 | 3.0% | 0.79× | 1.56× | 3.7% |
| FY2023 | -1.5% | 0.77× | 1.53× | -1.8% |
| FY2022 | -1.6% | 0.67× | 1.47× | -1.6% |
| FY2021 | -16.0% | 0.57× | 1.52× | -13.8% |
| FY2020 | -45.5% | 0.66× | 1.32× | -40.0% |
| FY2019 | -8.0% | 0.74× | 1.14× | -6.8% |
| FY2018 | -17.4% | 0.43× | 1.16× | -8.6% |
| FY2017 | -35.1% | 0.32× | 1.17× | -13.1% |
| FY2016 | -27.8% | 0.29× | 1.20× | -9.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$51.69M
- Cash generatingOperating cash flow above zero$210.17M
- Return on assets improvedROA up on the prior year2.6% → 2.2%
- Earnings backed by cashOperating cash flow above net income$210.17M vs $51.69M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.99 → 2.16
- No dilutionShare count did not rise116M → 116M
- Gross margin improvedGross margin up on the prior year22.15% → 23.89%
- More efficientAsset turnover rose0.85 → 0.69