Atlas Energy Solutions Inc. (AESI) vs Bristow Group Inc. (VTOL)

Atlas Energy Solutions Inc. and Bristow Group Inc. are both Oil & Gas Equipment & Services companies. Atlas Energy Solutions Inc. is the larger, with a market value of $1.6B against $1.3B — 1.2× the size. Atlas Energy Solutions Inc. has negative trailing earnings, so its P/E is not meaningful; Bristow Group Inc. trades at 11.9×. Bristow Group Inc. grew revenue faster over the last twelve months: 8.19% against −8.11%. Bristow Group Inc. has the higher net margin (6.66% vs −11.1%) and the higher return on invested capital (6.45% vs −2.82%). Across the 20 metrics below, Bristow Group Inc. leads on 19 and Atlas Energy Solutions Inc. on 1.

Valuation

Metric AESI VTOL Oil & Gas Equipment & Services median
P/E n/m 11.90 24.78
P/S 1.46 0.81 1.28
P/B 1.40 1.16 1.85
Price to free cash flow n/m 47.78 15.03
EV/EBITDA 19.27 6.12 8.93
EV/Sales 2.25 1.08 1.40
Earnings yield (7.62%) 8.40% 3.12%
Free cash flow yield (11.46%) 2.09% 5.01%

Profitability

Metric AESI VTOL Oil & Gas Equipment & Services median
Gross margin 23.41% 25.64% 23.27%
Operating margin (8.28%) 10.03% 9.34%
Net margin (11.08%) 6.66% 4.69%
Free cash flow margin (16.71%) 1.69% 5.05%
Return on equity (9.93%) 10.05% 4.92%
Return on assets (4.93%) 4.46% 2.37%
Return on invested capital (2.82%) 6.45% 4.32%

Growth

Metric AESI VTOL Oil & Gas Equipment & Services median
Revenue growth (TTM) (8.11%) 8.19% 6.08%
EPS growth (last fiscal year) (174.55%) 34.58% —
Revenue growth, 5-year CAGR 57.85% 4.82% 10.60%
Net income growth, 5-year CAGR 0.00% 10.93% 0.00%

Health

Metric AESI VTOL Oil & Gas Equipment & Services median
Debt to equity 0.91 0.68 0.46
Current ratio 1.82 2.26 2.11
Net debt to EBITDA 3.06 1.47 0.76

Dividend

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

Size

Metric AESI VTOL Oil & Gas Equipment & Services median
Market cap 1.55b 1.25b 1.81b

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