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 $6.4B against $5.3B — 1.2× the size. LandBridge Company LLC trades at the lower P/E: 60.7× against 62.3×. 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 16 and Kodiak Gas Services, Inc. on 4.

Valuation

Metric KGS LB Oil & Gas Equipment & Services median
P/E 62.32 60.73 24.78
P/S 3.63 10.09 1.28
P/B 2.34 2.74 1.85
Price to free cash flow 200.87 15.03 15.03
EV/EBITDA 11.26 17.80 8.93
EV/Sales 5.52 12.29 1.40
Earnings yield 1.60% 1.65% 3.12%
Free cash flow yield 0.50% 6.65% 5.01%

Profitability

Metric KGS LB Oil & Gas Equipment & Services median
Gross margin 63.85% 98.84% 23.27%
Operating margin 27.44% 61.34% 9.34%
Net margin 5.63% 16.48% 4.69%
Free cash flow margin 1.81% 67.16% 5.05%
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% —
Revenue growth, 5-year CAGR 19.70% — 10.60%
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 2.11
Net debt to EBITDA 4.03 4.01 0.76

Dividend

Metric KGS LB Oil & Gas Equipment & Services median
Dividend yield 1.58% — 2.12%
Payout ratio — — 0.00

Size

Metric KGS LB Oil & Gas Equipment & Services median
Market cap 5.34b 6.36b 1.81b

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