Drilling Tools International Corp. (DTI) vs Smart Sand (SND)

Drilling Tools International Corp. and Smart Sand are both Oil & Gas Equipment & Services companies. Smart Sand is the larger, with a market value of $215.4M against $86.4M — 2.5× the size. Drilling Tools International Corp. has negative trailing earnings, so its P/E is not meaningful; Smart Sand trades at 19.4×. Smart Sand grew revenue faster over the last twelve months: 26.5% against −5.48%. Smart Sand has the higher net margin (2.71% vs −1.96%) and the higher return on invested capital (2.02% vs 1.42%). Across the 19 metrics below, Smart Sand leads on 14 and Drilling Tools International Corp. on 5.

Valuation

Metric DTI SND Oil & Gas Equipment & Services median
P/E n/m 19.37 24.78
P/S 0.56 0.53 1.28
P/B 0.72 0.86 1.85
Price to free cash flow 17.23 5.93 15.03
EV/EBITDA 4.35 5.41 8.93
EV/Sales 0.90 0.54 1.40
Earnings yield (3.67%) 5.16% 3.12%
Free cash flow yield 5.80% 16.87% 5.01%

Profitability

Metric DTI SND Oil & Gas Equipment & Services median
Gross margin 72.51% 13.46% 23.27%
Operating margin 2.53% 2.03% 9.34%
Net margin (1.96%) 2.71% 4.69%
Free cash flow margin 3.27% 8.95% 5.05%
Return on equity (2.49%) 4.38% 4.92%
Return on assets (1.31%) 3.03% 2.37%
Return on invested capital 1.42% 2.02% 4.32%

Growth

Metric DTI SND Oil & Gas Equipment & Services median
Revenue growth (TTM) (5.48%) 26.53% 6.08%
EPS growth (last fiscal year) (222.22%) (62.50%) —
Revenue growth, 5-year CAGR — 21.96% 10.60%
Net income growth, 5-year CAGR — (48.73%) 0.00%

Health

Metric DTI SND Oil & Gas Equipment & Services median
Debt to equity 0.45 0.06 0.46
Current ratio 2.18 1.69 2.11
Net debt to EBITDA 1.10 (0.37) 0.76

Dividend

Metric DTI SND Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio — 0.00 0.00

Size

Metric DTI SND Oil & Gas Equipment & Services median
Market cap 86.44m 215.39m 1.81b

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