KLX Energy Services Holdings, I KLXE

Competitive advantage analysis · energy

Corporate Default
Overall moat score
16/100
Weak

About KLX Energy Services Holdings, I

KLX Energy Services Holdings, Inc. provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and … Full KLXE analysis →

Competitive advantage assessment

Key risks

  • ROIC Below WACC or Peers ROIC at 4.3th percentile suggests inefficient capital deployment.
  • Commodity Pressure / Weak Differentiation Gross margin at 4.3th percentile with high volatility suggests weak pricing power or commoditized products.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
19

Where KLXE ranks in Oil & Gas Equipment & Services

KLX Energy Services Holdings, I ranks #46 of 50 scored companies in Oil & Gas Equipment & Services by moat score — the top 92%. The widest moat in the group is Cactus, Inc. Class A Common Sto (WHD) at 78/100.

Moat scores for companies ranked near KLXE in Oil & Gas Equipment & Services
# Company Moat score Rating
42 Dawson Geophysical Company DWSN 27/100 Developing
43 Nine Energy Service, Inc. NINE 24/100 Weak
44 Recon Technology, Ltd. RCON 22/100 Weak
45 Atlas Energy Solutions Inc. AESI 21/100 Weak
46 KLX Energy Services Holdings, I KLXE 16/100 Weak
47 ProFrac Holding Corp. ACDC 13/100 Weak
48 NextDecade Corporation NEXT 6/100 Weak
49 ChampionX Corporation CHX 0/100 Weak
50 MRC Global Inc. MRC 0/100 Weak

See every Commodities & Mining company ranked by moat score →

How KLXE scores on the Corporate Default defenses

Pricing Power

Score 19 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 32 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 13 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 2 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 14 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 18 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding KLXE's moat

What is KLX Energy Services Holdings, I's moat score?

KLX Energy Services Holdings, I (KLXE) scores 16 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #46 of 50 scored companies in Oil & Gas Equipment & Services, the top 92%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 49 companies in Oil & Gas Equipment & Services. Its strongest defense is Cost Advantage (32/100) and its weakest is Capital Efficiency (2/100).

How does KLX Energy Services Holdings, I compare with other Oil & Gas Equipment & Services companies?

KLX Energy Services Holdings, I ranks #46 of 50 scored companies in Oil & Gas Equipment & Services by moat score. The widest moat in Oil & Gas Equipment & Services is Cactus, Inc. Class A Common Sto (WHD) at 78/100. The companies ranked closest are Atlas Energy Solutions Inc. (AESI) at 21 just above it and ProFrac Holding Corp. (ACDC) at 13 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 49 companies in Oil & Gas Equipment & Services. The defenses are then weighted to produce the overall score out of 100.

Why is KLX Energy Services Holdings, I scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for KLX Energy Services Holdings, I?

The Corporate Default template measures 6 defenses, and KLXE scores: Pricing Power (19), Cost Advantage (32), Customer Stickiness (13), Capital Efficiency (2), Resilience (14), Scale & Market Position (18). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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