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 $3.9B against $3.4B — 1.1× the size. Tidewater Inc. trades at the lower P/E: 13.9× against 46.4×. 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 5.74%) and the higher return on invested capital (10.9% vs 4.98%). Across the 21 metrics below, Tidewater Inc. leads on 17 and Kodiak Gas Services, Inc. on 4.

Valuation

Metric KGS TDW Oil & Gas Equipment & Services median
P/E 46.35 13.92 20.53
P/S 2.70 2.56 1.08
P/B 1.74 2.48 1.64
Price to free cash flow 149.41 12.54 12.36
EV/EBITDA 9.36 6.73 8.00
EV/Sales 4.59 2.59 1.29
Earnings yield 2.16% 7.18% 3.88%
Free cash flow yield 0.67% 7.98% 5.18%

Profitability

Metric KGS TDW Oil & Gas Equipment & Services median
Gross margin 63.85% 48.09% 22.88%
Operating margin 27.44% 18.43% 7.44%
Net margin 5.74% 18.34% 4.12%
Free cash flow margin 1.81% 20.42% 3.10%
Return on equity 4.55% 19.56% 5.46%
Return on assets 1.62% 11.12% 2.63%
Return on invested capital 4.98% 10.86% 4.26%

Growth

Metric KGS TDW Oil & Gas Equipment & Services median
Revenue growth (TTM) 8.23% (1.02%) 4.65%
EPS growth (last fiscal year) 58.93% 95.29% (13.00%)
Revenue growth, 5-year CAGR 19.70% 27.78% 12.57%
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 0.44
Current ratio 1.45 3.58 2.04
Net debt to EBITDA 4.03 0.14 1.12

Dividend

Metric KGS TDW Oil & Gas Equipment & Services median
Dividend yield 3.73% — 1.49%
Payout ratio 1.75 — 0.36

Size

Metric KGS TDW Oil & Gas Equipment & Services median
Market cap 3.94b 3.44b 1.44b

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