Kodiak Gas Services, Inc. (KGS) vs Tidewater Inc. (TDW)

Kodiak Gas Services, Inc. and Tidewater Inc. are both Oil & Gas Equipment & Services companies. Kodiak Gas Services, Inc. is the larger, with a market value of $5.3B against $4.3B — 1.2× the size. Tidewater Inc. trades at the lower P/E: 17.0× against 62.3×. Kodiak Gas Services, Inc. grew revenue faster over the last twelve months: 8.23% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 5.63%) and the higher return on invested capital (10.9% vs 4.98%). Both pay a dividend; Kodiak Gas Services, Inc. yields more (1.58% vs 0.17%). Across the 22 metrics below, Tidewater Inc. leads on 17 and Kodiak Gas Services, Inc. on 5.

Valuation

Metric KGS TDW Oil & Gas Equipment & Services median
P/E 62.32 17.02 24.78
P/S 3.63 3.13 1.28
P/B 2.34 3.04 1.85
Price to free cash flow 200.87 15.33 15.03
EV/EBITDA 11.26 8.22 8.93
EV/Sales 5.52 3.16 1.40
Earnings yield 1.60% 5.88% 3.12%
Free cash flow yield 0.50% 6.52% 5.01%

Profitability

Metric KGS TDW Oil & Gas Equipment & Services median
Gross margin 63.85% 48.09% 23.27%
Operating margin 27.44% 18.43% 9.34%
Net margin 5.63% 18.34% 4.69%
Free cash flow margin 1.81% 20.42% 5.05%
Return on equity 4.46% 19.56% 4.92%
Return on assets 1.59% 11.12% 2.37%
Return on invested capital 4.98% 10.86% 4.32%

Growth

Metric KGS TDW Oil & Gas Equipment & Services median
Revenue growth (TTM) 8.23% (1.02%) 6.08%
EPS growth (last fiscal year) 58.93% 95.29% —
Revenue growth, 5-year CAGR 19.70% 27.78% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric KGS TDW Oil & Gas Equipment & Services median
Debt to equity 1.28 0.47 0.46
Current ratio 1.45 3.58 2.11
Net debt to EBITDA 4.03 0.14 0.76

Dividend

Metric KGS TDW Oil & Gas Equipment & Services median
Dividend yield 1.58% 0.17% 2.12%
Payout ratio — 0.00 0.00

Size

Metric KGS TDW Oil & Gas Equipment & Services median
Market cap 5.34b 4.32b 1.81b

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