TechnipFMC plc (FTI) vs LandBridge Company LLC (LB)

TechnipFMC plc and LandBridge Company LLC are both Oil & Gas Equipment & Services companies. TechnipFMC plc is the larger, with a market value of $27.8B against $6.4B — 4.4× the size. TechnipFMC plc trades at the lower P/E: 24.2× against 60.7×. LandBridge Company LLC grew revenue faster over the last twelve months: 44.1% against 9.87%. LandBridge Company LLC has the higher net margin (16.5% vs 11.3%) and the lower return on invested capital (6.51% vs 34.3%). Across the 20 metrics below, TechnipFMC plc leads on 10 and LandBridge Company LLC on 10.

Valuation

Metric FTI LB Oil & Gas Equipment & Services median
P/E 24.23 60.73 24.78
P/S 2.70 10.09 1.28
P/B 8.58 2.74 1.85
Price to free cash flow 17.76 15.03 15.03
EV/EBITDA 14.29 17.80 8.93
EV/Sales 2.65 12.29 1.40
Earnings yield 4.13% 1.65% 3.12%
Free cash flow yield 5.63% 6.65% 5.01%

Profitability

Metric FTI LB Oil & Gas Equipment & Services median
Gross margin 22.97% 98.84% 23.27%
Operating margin 14.45% 61.34% 9.34%
Net margin 11.28% 16.48% 4.69%
Free cash flow margin 15.20% 67.16% 5.05%
Return on equity 35.76% 4.90% 4.92%
Return on assets 11.50% 3.04% 2.37%
Return on invested capital 34.31% 6.51% 4.32%

Growth

Metric FTI LB Oil & Gas Equipment & Services median
Revenue growth (TTM) 9.87% 44.09% 6.08%
EPS growth (last fiscal year) 20.42% 266.28% —
Revenue growth, 5-year CAGR 8.75% — 10.60%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FTI LB Oil & Gas Equipment & Services median
Debt to equity 0.14 0.64 0.46
Current ratio 1.08 7.27 2.11
Net debt to EBITDA (0.31) 4.01 0.76

Dividend

Metric FTI LB Oil & Gas Equipment & Services median
Dividend yield 0.56% — 2.12%
Payout ratio 0.00 — 0.00

Size

Metric FTI LB Oil & Gas Equipment & Services median
Market cap 27.82b 6.36b 1.81b

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