C

RPC, Inc. — Earnings Quality Grade C

RES · Energy

Some red flags

Revenue
$1.6B
2025
Net Income
$32M
2025
Gross Margin
14.3%
Free Cash Flow
$53M
01

Screening Summary

13
Passed
3
Watch
1
Failed
-2.54
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 74 days, change +1 days YoY

A2AR vs Revenue Growth

AR growth 16.6% vs revenue growth 15.0%

A3Revenue vs CFFO

Revenue grew 15.0% but CFFO declined -42.4%

Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.

02

Expense Quality

B1Inventory vs COGS

Inventory 10.6% vs COGS 19.2%. Normal

B2CapEx vs Revenue

CapEx growth -32.5% vs revenue 15.0%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 75.5%, exceeds 70%

B4Gross Margin

Gross margin 14.3%, change -3.1pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 6.28. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 1.65

C3Accruals Ratio

Accruals ratio = -11.5%. Low accruals

C4Cash vs Debt

Cash $0.2B covers debt $0.1B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.2B = 16% of equity. Manageable

D2Leverage

Debt/EBITDA = 0.4x. Healthy

!
D3Soft Asset Growth

Other assets grew 96.5% vs revenue 15.0%

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

!
E2Goodwill Surge

Goodwill+Intangibles surged 180% YoY

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.54 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.54
-4.0 Clean-2.22 Grey-1.78 Danger0
1.014
DSRI
AR growing faster than revenue?
1.215
GMI
Gross margin declining?
1.799
AQI
Asset quality deteriorating?
1.15
SGI
Revenue growth rate
0.872
DEPI
Depreciation slowing?
0.977
SGAI
SG&A ratio changing?
-0.1153
TATA
Accruals level
1.283
LVGI
Leverage increasing?
05

Altman Z-Score

7.97
Safe Zone
0 Distress1.102.605.0+ Safe
0.3319
Liquidity
0.7353
Cumulative profit
0.0406
Operating efficiency
2.9771
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25