Archrock, Inc. (AROC) vs WaterBridge Infrastructure LLC (WBI)

Archrock, Inc. and WaterBridge Infrastructure LLC are both Oil & Gas Equipment & Services companies. Archrock, Inc. is the larger, with a market value of $5.1B against $3.6B — 1.4× the size. Archrock, Inc. trades at the lower P/E: 15.9× against 356×. Archrock, Inc. has the higher net margin (21.8% vs −0.63%) and the higher return on invested capital (8.96% vs 2.15%). Both pay a dividend; Archrock, Inc. yields more (2.98% vs 0.53%). Across the 18 metrics below, Archrock, Inc. leads on 12 and WaterBridge Infrastructure LLC on 6.

Valuation

Metric AROC WBI Oil & Gas Equipment & Services median
P/E 15.89 356.13 22.50
P/S 3.43 1.85 1.17
P/B 3.32 0.76 1.82
Price to free cash flow 12.70 n/m 13.72
EV/EBITDA 8.62 8.16 8.68
EV/Sales 4.99 3.94 1.34
Earnings yield 6.29% 0.28% 3.94%
Free cash flow yield 7.88% (8.69%) 5.66%

Profitability

Metric AROC WBI Oil & Gas Equipment & Services median
Gross margin 67.34% 56.99% 23.26%
Operating margin 37.15% 15.54% 9.34%
Net margin 21.84% (0.63%) 4.69%
Free cash flow margin 26.99% (16.08%) 5.35%
Return on equity 22.19% (0.38%) 4.92%
Return on assets 7.40% (0.24%) 2.37%
Return on invested capital 8.96% 2.15% 4.32%

Growth

Metric AROC WBI Oil & Gas Equipment & Services median
Revenue growth (TTM) 11.54% — 6.08%
EPS growth (last fiscal year) 74.29% — (13.00%)
Revenue growth, 5-year CAGR 11.23% — 14.44%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric AROC WBI Oil & Gas Equipment & Services median
Debt to equity 1.51 0.88 0.46
Current ratio 1.39 1.54 2.07
Net debt to EBITDA 2.84 6.16 0.75

Dividend

Metric AROC WBI Oil & Gas Equipment & Services median
Dividend yield 2.98% 0.53% 1.51%
Payout ratio 0.47 1.88 0.38

Size

Metric AROC WBI Oil & Gas Equipment & Services median
Market cap 5.13b 3.55b 1.63b

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