Does RPC, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores RPC, INC. (RES) 34.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 25, returns on capital 26, balance-sheet safety 59, capital discipline 37.

Is RES stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $7.46 per share versus a recent price of $5.91 — 21% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has RES's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 34.7 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

RPC, INC.

RES · Materials · $1.3B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power25

Median gross margin 25.8% over 10y, variable.

Returns on capital26

Median ROIC 6.9%, above the 9% hurdle in 50% of years.

Balance-sheet safety59

Net debt/EBITDA n/ax, interest coverage 15x.

Capital discipline37

Owner earnings +0.7%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

21% below value

Owner earnings (normalized): $91.4M
Est. intrinsic value / share: $7.46
Recent price: $5.91
Discount to value: 21% below value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

18 years of fundamentals

The business, in plain English

RPC, INC. booked $1.6B of revenue in FY2025 in the Materials sector and kept 24.2% of it as gross profit — a moderate-margin business by that measure. After every other cost, 2.0% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $587.9M (FY2009) to $1.6B (FY2025) — about 6.6% a year compounded over 16 years.

It earned 3.3% on invested capital in FY2025, with a median of 18.8% across 17 filed years. The Returns on Capital filter above scores it 26/100.

RES's filings don't disclose total debt in a form the methodology can use, so leverage is treated as unmeasured — never assumed to be zero.

The share count rose 48.9% between FY2010 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 37/100.

Put together: Balance-Sheet Safety is the strongest of the four filters (59/100) and Pricing Power the weakest (25/100), which is how RES lands at 35/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$1.6B FY2025

Gross marginRevenue kept after cost of goods24.2% FY2025

Return on invested capitalOperating profit on the capital employed3.3% FY2025

Owner earningsCash an owner could take out$44.9M FY2025

Gaps in a line mean that item isn’t in RES’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale34.7 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — RES has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Materials context

#127 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#125BDCO BLUE DOLPHIN ENERGY CO35.1 out of 100, No moatNo moat
#126CLF CLEVELAND-CLIFFS INC.34.8 out of 100, No moatNo moat
#128COTY COTY INC.34.5 out of 100, No moatNo moat
#129RITE MINERALRITE CORPORATION34.4 out of 100, No moatNo moat

Compare RES with its nearest peers →All Materials companies on the Index →

Common questions about RES

Does RPC, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores RPC, INC. (RES) 34.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 25, returns on capital 26, balance-sheet safety 59, capital discipline 37.
Is RES stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $7.46 per share versus a recent price of $5.91 — 21% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has RES's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 34.7 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell RES. See the disclaimer.