Innovex International, Inc. (INVX) vs Liberty Energy Inc. (LBRT)

Innovex International, Inc. and Liberty Energy Inc. are both Oil & Gas Equipment & Services companies. Liberty Energy Inc. is the larger, with a market value of $2.7B against $1.9B — 1.4× the size. Liberty Energy Inc. trades at the lower P/E: 22.1× against 31.5×. Innovex International, Inc. grew revenue faster over the last twelve months: 15.0% against 2.29%. Innovex International, Inc. has the higher net margin (6.17% vs 2.92%) and the higher return on invested capital (7.26% vs 1.14%). Across the 20 metrics below, Innovex International, Inc. leads on 11 and Liberty Energy Inc. on 9.

Valuation

Metric INVX LBRT Oil & Gas Equipment & Services median
P/E 31.49 22.13 22.50
P/S 1.93 0.64 1.17
P/B 1.82 1.38 1.82
Price to free cash flow 8.71 n/m 13.72
EV/EBITDA 9.80 6.92 8.68
EV/Sales 1.74 0.86 1.34
Earnings yield 3.18% 4.52% 3.94%
Free cash flow yield 11.48% (10.44%) 5.66%

Profitability

Metric INVX LBRT Oil & Gas Equipment & Services median
Gross margin 32.40% 18.53% 23.26%
Operating margin 10.03% 1.25% 9.34%
Net margin 6.17% 2.92% 4.69%
Free cash flow margin 22.18% (6.73%) 5.35%
Return on equity 5.99% 6.12% 4.92%
Return on assets 4.82% 3.09% 2.37%
Return on invested capital 7.26% 1.14% 4.32%

Growth

Metric INVX LBRT Oil & Gas Equipment & Services median
Revenue growth (TTM) 15.03% 2.29% 6.08%
EPS growth (last fiscal year) (56.68%) (52.41%) (13.00%)
Revenue growth, 5-year CAGR 21.80% 32.91% 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INVX LBRT Oil & Gas Equipment & Services median
Debt to equity 0.02 0.75 0.46
Current ratio 5.01 1.99 2.07
Net debt to EBITDA (0.86) 0.75 0.75

Dividend

Metric INVX LBRT Oil & Gas Equipment & Services median
Dividend yield — 2.17% 1.51%
Payout ratio — 0.49 0.38

Size

Metric INVX LBRT Oil & Gas Equipment & Services median
Market cap 1.92b 2.73b 1.63b

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