Hornbeck Offshore Services Inc (HOS) vs National Energy Services Reunited (NESR)

Hornbeck Offshore Services Inc and National Energy Services Reunited are both Oil & Gas Equipment & Services companies. National Energy Services Reunited is the larger, with a market value of $1.9B against $1.5B — 1.3× the size. National Energy Services Reunited trades at the lower P/E: 19.9× against 25.4×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 10.3%. National Energy Services Reunited has the higher net margin (5.77% vs 2.93%) and the higher return on invested capital (8.28% vs 3.71%). Across the 22 metrics below, Hornbeck Offshore Services Inc leads on 13 and National Energy Services Reunited on 9.

Valuation

Metric HOS NESR Oil & Gas Equipment & Services median
P/E 25.37 19.93 22.50
P/S 0.75 1.17 1.17
P/B 0.64 1.81 1.82
Price to free cash flow 4.28 11.68 13.72
EV/EBITDA 2.49 6.84 8.68
EV/Sales 0.49 1.23 1.34
Earnings yield 3.94% 5.02% 3.94%
Free cash flow yield 23.34% 8.56% 5.66%

Profitability

Metric HOS NESR Oil & Gas Equipment & Services median
Gross margin 13.53% 13.37% 23.26%
Operating margin 5.42% 9.34% 9.34%
Net margin 2.93% 5.77% 4.69%
Free cash flow margin 17.39% 9.99% 5.35%
Return on equity 2.52% 9.44% 4.92%
Return on assets 1.51% 4.76% 2.37%
Return on invested capital 3.71% 8.28% 4.32%

Growth

Metric HOS NESR Oil & Gas Equipment & Services median
Revenue growth (TTM) 10.30% 23.55% 6.08%
EPS growth (last fiscal year) (41.67%) (35.00%) (13.00%)
Revenue growth, 5-year CAGR 11.98% 9.68% 14.44%
Net income growth, 5-year CAGR 9.44% 0.41% 0.00%

Health

Metric HOS NESR Oil & Gas Equipment & Services median
Debt to equity 0.19 0.26 0.46
Current ratio 3.47 1.02 2.07
Net debt to EBITDA (0.54) 0.77 0.75

Dividend

Metric HOS NESR Oil & Gas Equipment & Services median
Dividend yield — — 1.51%
Payout ratio — — 0.38

Size

Metric HOS NESR Oil & Gas Equipment & Services median
Market cap 1.49b 1.93b 1.63b

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