Brookfield Business Partners L.P. (BBUC) vs Tetra Technologies, Inc. (TTI)

Brookfield Business Partners L.P. and Tetra Technologies, Inc. are both Conglomerates companies. Brookfield Business Partners L.P. is the larger, with a market value of $5.2B against $892.9M — 5.8× the size. Brookfield Business Partners L.P. has negative trailing earnings, so its P/E is not meaningful; Tetra Technologies, Inc. trades at 153×. Tetra Technologies, Inc. grew revenue faster over the last twelve months: 5.70% against −10.5%. Tetra Technologies, Inc. has the higher net margin (0.97% vs −0.20%) and the higher return on invested capital (6.69% vs 4.68%). Across the 19 metrics below, Tetra Technologies, Inc. leads on 12 and Brookfield Business Partners L.P. on 7.

Valuation

Metric BBUC TTI Conglomerates median
P/E n/m 153.00 17.47
P/S 0.19 1.33 0.88
P/B 0.36 2.09 1.40
Price to free cash flow 11.61 n/m 12.58
EV/EBITDA 6.27 10.19 11.36
EV/Sales 1.68 1.37 1.37
Earnings yield (1.53%) 0.65% 0.65%
Free cash flow yield 8.61% (1.70%) 0.00%

Profitability

Metric BBUC TTI Conglomerates median
Gross margin 19.71% 23.17% 33.55%
Operating margin 15.43% 7.26% 3.36%
Net margin (0.20%) 0.97% 0.97%
Free cash flow margin 1.68% (2.25%) (0.94%)
Return on equity (0.38%) 1.78% 0.75%
Return on assets (0.07%) 0.86% 0.10%
Return on invested capital 4.68% 6.69% 0.73%

Growth

Metric BBUC TTI Conglomerates median
Revenue growth (TTM) (10.49%) 5.70% 8.17%
EPS growth (last fiscal year) 40.00% (97.56%) —
Revenue growth, 5-year CAGR (6.11%) 10.81% 6.01%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BBUC TTI Conglomerates median
Debt to equity 2.90 0.45 0.48
Current ratio 1.44 2.46 1.79
Net debt to EBITDA 5.42 1.15 1.36

Dividend

Metric BBUC TTI Conglomerates median
Dividend yield 1.09% — 2.53%
Payout ratio 1.92 0.00 0.00

Size

Metric BBUC TTI Conglomerates median
Market cap 5.15b 892.88m 519.65m

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