Atlas Energy Solutions Inc. (AESI) vs Innovex International, Inc. (INVX)

Atlas Energy Solutions Inc. and Innovex International, Inc. are both Oil & Gas Equipment & Services companies. Innovex International, Inc. is the larger, with a market value of $2.0B against $1.6B — 1.3× the size. Atlas Energy Solutions Inc. has negative trailing earnings, so its P/E is not meaningful; Innovex International, Inc. trades at 32.0×. Innovex International, Inc. grew revenue faster over the last twelve months: 15.0% against −8.11%. Innovex International, Inc. has the higher net margin (6.17% vs −11.1%) and the higher return on invested capital (7.26% vs −2.82%). Across the 19 metrics below, Innovex International, Inc. leads on 16 and Atlas Energy Solutions Inc. on 3.

Valuation

Metric AESI INVX Oil & Gas Equipment & Services median
P/E n/m 32.02 24.78
P/S 1.46 1.97 1.28
P/B 1.40 1.85 1.85
Price to free cash flow n/m 8.86 15.03
EV/EBITDA 19.27 9.98 8.93
EV/Sales 2.25 1.77 1.40
Earnings yield (7.62%) 3.12% 3.12%
Free cash flow yield (11.46%) 11.29% 5.01%

Profitability

Metric AESI INVX Oil & Gas Equipment & Services median
Gross margin 23.41% 32.40% 23.27%
Operating margin (8.28%) 10.03% 9.34%
Net margin (11.08%) 6.17% 4.69%
Free cash flow margin (16.71%) 22.18% 5.05%
Return on equity (9.93%) 5.99% 4.92%
Return on assets (4.93%) 4.82% 2.37%
Return on invested capital (2.82%) 7.26% 4.32%

Growth

Metric AESI INVX Oil & Gas Equipment & Services median
Revenue growth (TTM) (8.11%) 15.03% 6.08%
EPS growth (last fiscal year) (174.55%) (56.68%) —
Revenue growth, 5-year CAGR 57.85% 21.80% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AESI INVX Oil & Gas Equipment & Services median
Debt to equity 0.91 0.02 0.46
Current ratio 1.82 5.01 2.11
Net debt to EBITDA 3.06 (0.86) 0.76

Dividend

Metric AESI INVX Oil & Gas Equipment & Services median
Dividend yield 4.83% — 2.12%
Payout ratio — 0.00 0.00

Size

Metric AESI INVX Oil & Gas Equipment & Services median
Market cap 1.55b 2.00b 1.81b

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