Kodiak Gas Services, Inc. (KGS) vs LandBridge Company LLC (LB)

Kodiak Gas Services, Inc. and LandBridge Company LLC are both Oil & Gas Equipment & Services companies. LandBridge Company LLC is the larger, with a market value of $6.3B against $4.8B — 1.3× the size. Kodiak Gas Services, Inc. trades at the lower P/E: 55.5× against 60.9×. LandBridge Company LLC grew revenue faster over the last twelve months: 44.1% against 8.23%. LandBridge Company LLC has the higher net margin (16.5% vs 5.63%) and the higher return on invested capital (6.51% vs 4.98%). Across the 20 metrics below, LandBridge Company LLC leads on 14 and Kodiak Gas Services, Inc. on 6.

Valuation

Metric KGS LB Oil & Gas Equipment & Services median
P/E 55.54 60.87 22.50
P/S 3.24 10.12 1.17
P/B 2.08 2.74 1.82
Price to free cash flow 179.02 15.06 13.72
EV/EBITDA 10.46 17.84 8.68
EV/Sales 5.12 12.32 1.34
Earnings yield 1.80% 1.64% 3.94%
Free cash flow yield 0.56% 6.64% 5.66%

Profitability

Metric KGS LB Oil & Gas Equipment & Services median
Gross margin 63.85% 98.84% 23.26%
Operating margin 27.44% 61.34% 9.34%
Net margin 5.63% 16.48% 4.69%
Free cash flow margin 1.81% 67.16% 5.35%
Return on equity 4.46% 4.90% 4.92%
Return on assets 1.59% 3.04% 2.37%
Return on invested capital 4.98% 6.51% 4.32%

Growth

Metric KGS LB Oil & Gas Equipment & Services median
Revenue growth (TTM) 8.23% 44.09% 6.08%
EPS growth (last fiscal year) 58.93% 266.28% (13.00%)
Revenue growth, 5-year CAGR 19.70% — 14.44%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric KGS LB Oil & Gas Equipment & Services median
Debt to equity 1.28 0.64 0.46
Current ratio 1.45 7.27 2.07
Net debt to EBITDA 4.03 4.01 0.75

Dividend

Metric KGS LB Oil & Gas Equipment & Services median
Dividend yield 4.15% — 1.51%
Payout ratio 2.33 — 0.38

Size

Metric KGS LB Oil & Gas Equipment & Services median
Market cap 4.83b 6.26b 1.63b

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