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Side-by-side financial comparison of EXPRO GROUP HOLDINGS N.V. (XPRO) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.

OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $382.1M, roughly 1.3× EXPRO GROUP HOLDINGS N.V.). EXPRO GROUP HOLDINGS N.V. runs the higher net margin — 1.5% vs 0.4%, a 1.1% gap on every dollar of revenue. On growth, OLYMPIC STEEL INC posted the faster year-over-year revenue change (4.4% vs -12.5%). EXPRO GROUP HOLDINGS N.V. produced more free cash flow last quarter ($23.2M vs $-12.9M). Over the past eight quarters, OLYMPIC STEEL INC's revenue compounded faster (0.1% CAGR vs -0.2%).

Expro is an energy services provider headquartered in Houston, Texas, United States.

Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...

XPRO vs ZEUS — Head-to-Head

Bigger by revenue
ZEUS
ZEUS
1.3× larger
ZEUS
$490.7M
$382.1M
XPRO
Growing faster (revenue YoY)
ZEUS
ZEUS
+16.9% gap
ZEUS
4.4%
-12.5%
XPRO
Higher net margin
XPRO
XPRO
1.1% more per $
XPRO
1.5%
0.4%
ZEUS
More free cash flow
XPRO
XPRO
$36.1M more FCF
XPRO
$23.2M
$-12.9M
ZEUS
Faster 2-yr revenue CAGR
ZEUS
ZEUS
Annualised
ZEUS
0.1%
-0.2%
XPRO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
XPRO
XPRO
ZEUS
ZEUS
Revenue
$382.1M
$490.7M
Net Profit
$5.8M
$2.2M
Gross Margin
Operating Margin
3.1%
1.5%
Net Margin
1.5%
0.4%
Revenue YoY
-12.5%
4.4%
Net Profit YoY
-74.9%
-21.2%
EPS (diluted)
$0.05
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$382.1M
Q3 25
$411.4M
$490.7M
Q2 25
$422.7M
$496.5M
Q1 25
$390.9M
$492.9M
Q4 24
$436.8M
$418.8M
Q3 24
$422.8M
$470.0M
Q2 24
$469.6M
$526.3M
Q1 24
$383.5M
$526.6M
Net Profit
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$5.8M
Q3 25
$14.0M
$2.2M
Q2 25
$18.0M
$5.2M
Q1 25
$13.9M
$2.5M
Q4 24
$23.0M
$3.9M
Q3 24
$16.3M
$2.7M
Q2 24
$15.3M
$7.7M
Q1 24
$-2.7M
$8.7M
Operating Margin
XPRO
XPRO
ZEUS
ZEUS
Q4 25
3.1%
Q3 25
6.4%
1.5%
Q2 25
7.7%
2.3%
Q1 25
2.6%
1.6%
Q4 24
7.3%
2.1%
Q3 24
6.2%
1.7%
Q2 24
5.9%
2.9%
Q1 24
2.2%
3.0%
Net Margin
XPRO
XPRO
ZEUS
ZEUS
Q4 25
1.5%
Q3 25
3.4%
0.4%
Q2 25
4.3%
1.1%
Q1 25
3.6%
0.5%
Q4 24
5.3%
0.9%
Q3 24
3.8%
0.6%
Q2 24
3.3%
1.5%
Q1 24
-0.7%
1.7%
EPS (diluted)
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$0.05
Q3 25
$0.12
$0.18
Q2 25
$0.16
$0.45
Q1 25
$0.12
$0.21
Q4 24
$0.20
$0.33
Q3 24
$0.14
$0.23
Q2 24
$0.13
$0.66
Q1 24
$-0.02
$0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
XPRO
XPRO
ZEUS
ZEUS
Cash + ST InvestmentsLiquidity on hand
$196.1M
$7.5M
Total DebtLower is stronger
$79.1M
$240.9M
Stockholders' EquityBook value
$1.5B
$579.1M
Total Assets
$2.3B
$1.1B
Debt / EquityLower = less leverage
0.05×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$196.1M
Q3 25
$197.9M
$7.5M
Q2 25
$206.8M
$14.8M
Q1 25
$179.3M
$13.3M
Q4 24
$183.0M
$11.9M
Q3 24
$165.7M
$11.1M
Q2 24
$133.5M
$9.4M
Q1 24
$163.2M
$10.3M
Total Debt
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$79.1M
Q3 25
$99.1M
$240.9M
Q2 25
$121.1M
$233.2M
Q1 25
$121.1M
$235.4M
Q4 24
$121.1M
$272.5M
Q3 24
$121.1M
$197.3M
Q2 24
$121.1M
$209.2M
Q1 24
$40.0M
$196.8M
Stockholders' Equity
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$1.5B
Q3 25
$1.5B
$579.1M
Q2 25
$1.5B
$578.2M
Q1 25
$1.5B
$574.2M
Q4 24
$1.5B
$573.9M
Q3 24
$1.5B
$570.6M
Q2 24
$1.5B
$569.5M
Q1 24
$1.3B
$563.0M
Total Assets
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$2.3B
Q3 25
$2.3B
$1.1B
Q2 25
$2.3B
$1.1B
Q1 25
$2.3B
$1.1B
Q4 24
$2.3B
$1.0B
Q3 24
$2.3B
$1.0B
Q2 24
$2.3B
$1.0B
Q1 24
$2.0B
$1.0B
Debt / Equity
XPRO
XPRO
ZEUS
ZEUS
Q4 25
0.05×
Q3 25
0.07×
0.42×
Q2 25
0.08×
0.40×
Q1 25
0.08×
0.41×
Q4 24
0.08×
0.47×
Q3 24
0.08×
0.35×
Q2 24
0.08×
0.37×
Q1 24
0.03×
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
XPRO
XPRO
ZEUS
ZEUS
Operating Cash FlowLast quarter
$57.1M
$-5.4M
Free Cash FlowOCF − Capex
$23.2M
$-12.9M
FCF MarginFCF / Revenue
6.1%
-2.6%
Capex IntensityCapex / Revenue
8.9%
1.5%
Cash ConversionOCF / Net Profit
9.89×
-2.50×
TTM Free Cash FlowTrailing 4 quarters
$97.8M
$41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$57.1M
Q3 25
$63.2M
$-5.4M
Q2 25
$48.4M
$15.5M
Q1 25
$41.5M
$49.4M
Q4 24
$97.4M
$14.6M
Q3 24
$55.3M
$24.6M
Q2 24
$-13.2M
$-2.9M
Q1 24
$29.9M
$-2.6M
Free Cash Flow
XPRO
XPRO
ZEUS
ZEUS
Q4 25
$23.2M
Q3 25
$39.0M
$-12.9M
Q2 25
$27.2M
$6.8M
Q1 25
$8.4M
$40.6M
Q4 24
$53.0M
$7.4M
Q3 24
$23.3M
$15.6M
Q2 24
$-49.5M
$-11.3M
Q1 24
$-801.0K
$-7.4M
FCF Margin
XPRO
XPRO
ZEUS
ZEUS
Q4 25
6.1%
Q3 25
9.5%
-2.6%
Q2 25
6.4%
1.4%
Q1 25
2.1%
8.2%
Q4 24
12.1%
1.8%
Q3 24
5.5%
3.3%
Q2 24
-10.5%
-2.2%
Q1 24
-0.2%
-1.4%
Capex Intensity
XPRO
XPRO
ZEUS
ZEUS
Q4 25
8.9%
Q3 25
5.9%
1.5%
Q2 25
5.0%
1.7%
Q1 25
8.5%
1.8%
Q4 24
10.2%
1.7%
Q3 24
7.6%
1.9%
Q2 24
7.7%
1.6%
Q1 24
8.0%
0.9%
Cash Conversion
XPRO
XPRO
ZEUS
ZEUS
Q4 25
9.89×
Q3 25
4.52×
-2.50×
Q2 25
2.69×
2.96×
Q1 25
2.98×
19.70×
Q4 24
4.23×
3.75×
Q3 24
3.40×
9.01×
Q2 24
-0.86×
-0.38×
Q1 24
-0.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

XPRO
XPRO

NLA$130.3M34%
ESSA$116.3M30%
MENA$93.0M24%
Other$42.5M11%

ZEUS
ZEUS

Carbon Flat Products$268.2M55%
Specialty Metals Flat Products$140.9M29%
Tubular And Pipe Products$81.6M17%

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