Forensic Analysis · Energy / Oil & Gas · as of Sep 24, 2026
Rpc Inc (RES)
A forensic read on Rpc Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
8.5
Distress distance
Clean
Earnings quality
3
Forensic signals
56.9
P / E (ttm)
2.9%
ROE
$1.3B
Market cap
2.16%
Dividend yield
15.0%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Rpc Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 8.5, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
2.8%
FY2025
Return on invested capital.Return on invested capital is 2.8% in the latest fiscal year and slipping across FY2023–FY2025 from 20%. The capital base behind it grew +14% across FY2023–FY2025, from $912M to $1.0B, while the return fell 17.7 points, so the dollars added over that window earned less than the 20% the older base was already earning.
+16.7%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +16.7% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +18% against revenue +15% and inventory up +11% against +19% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 21% of net operating assets, against an accruals ratio of 16.7%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
-0.2%/yr
FY2023–FY2025
Share count.Diluted share count changed 0% over the last 2 years to FY2025 (-0.2%/yr). Roughly flat — buybacks ($3M) are about offsetting stock comp ($12M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Latest Revenue$1.63B
Revenue Growth YoY+15.0%
Revenue CAGR (2yr)+0.3%
Net Margin2.0%
Free Cash Flow$52.9M
Return on Equity2.9%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Rpc Inc's actual 10-K/10-Q/8-K filings?