International Seaways Inc. (INSW) vs Kinetik Holdings Inc. (KNTK)

International Seaways Inc. and Kinetik Holdings Inc. are both Oil & Gas Midstream companies. Kinetik Holdings Inc. is the larger, with a market value of $8.5B against $5.3B — 1.6× the size. International Seaways Inc. trades at the lower P/E: 6.7× against 18.4×. International Seaways Inc. grew revenue faster over the last twelve months: 57.4% against 14.2%. International Seaways Inc. has the higher net margin (62.0% vs 10.4%) and the higher return on invested capital (20.3% vs 4.47%). Both pay a dividend; International Seaways Inc. yields more (10.8% vs 9.21%). Across the 22 metrics below, International Seaways Inc. leads on 16 and Kinetik Holdings Inc. on 6.

Valuation

Metric INSW KNTK Oil & Gas Midstream median
P/E 6.71 18.35 13.19
P/S 4.16 2.04 2.60
P/B 2.31 n/m 2.08
Price to free cash flow 8.80 31.19 10.14
EV/EBITDA 5.58 12.69 8.11
EV/Sales 4.35 4.14 3.89
Earnings yield 14.91% 5.45% 6.83%
Free cash flow yield 11.37% 3.21% 6.94%

Profitability

Metric INSW KNTK Oil & Gas Midstream median
Gross margin 72.40% 40.92% 58.81%
Operating margin 64.49% 10.52% 32.14%
Net margin 61.98% 10.41% 21.16%
Free cash flow margin 47.29% 6.54% 10.15%
Return on equity 37.41% (14.28%) 11.30%
Return on assets 28.12% 2.74% 5.00%
Return on invested capital 20.25% 4.47% 6.13%

Growth

Metric INSW KNTK Oil & Gas Midstream median
Revenue growth (TTM) 57.36% 14.15% 15.44%
EPS growth (last fiscal year) (25.66%) 157.84% —
Revenue growth, 5-year CAGR 14.87% 33.88% 8.96%
Net income growth, 5-year CAGR 0.00% 126.35% 0.00%

Health

Metric INSW KNTK Oil & Gas Midstream median
Debt to equity 0.29 (3.34) 0.78
Current ratio 5.94 0.68 1.19
Net debt to EBITDA 0.78 6.79 3.42

Dividend

Metric INSW KNTK Oil & Gas Midstream median
Dividend yield 10.75% 9.21% 7.29%
Payout ratio 0.17 1.79 0.64

Size

Metric INSW KNTK Oil & Gas Midstream median
Market cap 5.25b 8.53b 3.61b

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