Halliburton Company (HAL) vs LandBridge Company LLC (LB)

Halliburton Company and LandBridge Company LLC are both Oil & Gas Equipment & Services companies. Halliburton Company is the larger, with a market value of $27.1B against $6.4B — 4.3× the size. Halliburton Company trades at the lower P/E: 17.2× against 60.7×. LandBridge Company LLC grew revenue faster over the last twelve months: 44.1% against 0.63%. LandBridge Company LLC has the higher net margin (16.5% vs 7.16%) and the lower return on invested capital (6.51% vs 9.89%). Across the 20 metrics below, Halliburton Company leads on 12 and LandBridge Company LLC on 8.

Valuation

Metric HAL LB Oil & Gas Equipment & Services median
P/E 17.15 60.73 24.78
P/S 1.22 10.09 1.28
P/B 2.48 2.74 1.85
Price to free cash flow 14.10 15.03 15.03
EV/EBITDA 8.72 17.80 8.93
EV/Sales 1.45 12.29 1.40
Earnings yield 5.83% 1.65% 3.12%
Free cash flow yield 7.09% 6.65% 5.01%

Profitability

Metric HAL LB Oil & Gas Equipment & Services median
Gross margin 15.08% 98.84% 23.27%
Operating margin 11.44% 61.34% 9.34%
Net margin 7.16% 16.48% 4.69%
Free cash flow margin 8.68% 67.16% 5.05%
Return on equity 14.83% 4.90% 4.92%
Return on assets 6.26% 3.04% 2.37%
Return on invested capital 9.89% 6.51% 4.32%

Growth

Metric HAL LB Oil & Gas Equipment & Services median
Revenue growth (TTM) 0.63% 44.09% 6.08%
EPS growth (last fiscal year) (47.00%) 266.28% —
Revenue growth, 5-year CAGR 8.96% — 10.60%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric HAL LB Oil & Gas Equipment & Services median
Debt to equity 0.65 0.64 0.46
Current ratio 2.02 7.27 2.11
Net debt to EBITDA 1.46 4.01 0.76

Dividend

Metric HAL LB Oil & Gas Equipment & Services median
Dividend yield 1.95% — 2.12%
Payout ratio 0.21 — 0.00

Size

Metric HAL LB Oil & Gas Equipment & Services median
Market cap 27.12b 6.36b 1.81b

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