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 $8.7B against $5.6B — 1.6× the size. International Seaways Inc. trades at the lower P/E: 7.0× against 19.8×. 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; Kinetik Holdings Inc. yields more (5.80% vs 4.70%). Across the 22 metrics below, International Seaways Inc. leads on 15 and Kinetik Holdings Inc. on 7.

Valuation

Metric INSW KNTK Oil & Gas Midstream median
P/E 6.98 19.82 12.77
P/S 4.33 2.20 2.36
P/B 2.40 n/m 2.09
Price to free cash flow 9.16 33.68 9.71
EV/EBITDA 5.80 13.19 8.30
EV/Sales 4.52 4.30 3.88
Earnings yield 14.32% 5.05% 7.15%
Free cash flow yield 10.92% 2.97% 6.86%

Profitability

Metric INSW KNTK Oil & Gas Midstream median
Gross margin 72.40% 40.92% 56.58%
Operating margin 64.49% 10.52% 34.18%
Net margin 61.98% 10.41% 22.50%
Free cash flow margin 47.29% 6.54% 13.70%
Return on equity 37.41% (14.28%) 14.65%
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% 15.60%
EPS growth (last fiscal year) (25.66%) 157.84% (7.86%)
Revenue growth, 5-year CAGR 14.87% 33.88% 9.59%
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 4.70% 5.80% 4.54%
Payout ratio 0.33 1.16 0.76

Size

Metric INSW KNTK Oil & Gas Midstream median
Market cap 5.60b 8.68b 3.73b

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