Kodiak Gas Services, Inc. (KGS) vs WaterBridge Infrastructure LLC (WBI)

Kodiak Gas Services, Inc. and WaterBridge Infrastructure LLC are both Oil & Gas Equipment & Services companies. Kodiak Gas Services, Inc. is the larger, with a market value of $3.9B against $3.0B — 1.3× the size. Kodiak Gas Services, Inc. trades at the lower P/E: 49.0× against 129×. WaterBridge Infrastructure LLC grew revenue faster over the last twelve months: 113.5% against 8.23%. Kodiak Gas Services, Inc. has the higher net margin (5.74% vs 0.00%) and the higher return on invested capital (4.98% vs 2.32%). Both pay a dividend; Kodiak Gas Services, Inc. yields more (3.53% vs 0.61%). Across the 19 metrics below, Kodiak Gas Services, Inc. leads on 12 and WaterBridge Infrastructure LLC on 7.

Valuation

Metric KGS WBI Oil & Gas Equipment & Services median
P/E 49.02 129.43 20.63
P/S 2.86 1.58 0.99
P/B 1.84 0.75 1.63
Price to free cash flow 158.02 n/m 13.24
EV/EBITDA 9.68 8.69 7.99
EV/Sales 4.74 3.63 1.25
Earnings yield 2.04% 0.77% 3.85%
Free cash flow yield 0.63% (2.00%) 5.14%

Profitability

Metric KGS WBI Oil & Gas Equipment & Services median
Gross margin 63.85% 0.00% 22.46%
Operating margin 27.44% 15.48% 7.53%
Net margin 5.74% 0.00% 4.60%
Free cash flow margin 1.81% 40.77% 4.05%
Return on equity 4.55% 0.00% 5.24%
Return on assets 1.62% 0.00% 2.54%
Return on invested capital 4.98% 2.32% 4.27%

Growth

Metric KGS WBI Oil & Gas Equipment & Services median
Revenue growth (TTM) 8.23% 113.49% 4.65%
EPS growth (last fiscal year) 58.93% — (13.00%)
Revenue growth, 5-year CAGR 19.70% — 12.57%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric KGS WBI Oil & Gas Equipment & Services median
Debt to equity 1.28 0.99 0.41
Current ratio 1.45 1.17 2.04
Net debt to EBITDA 4.03 6.16 1.12

Dividend

Metric KGS WBI Oil & Gas Equipment & Services median
Dividend yield 3.53% 0.61% 1.44%
Payout ratio 1.75 0.79 0.35

Size

Metric KGS WBI Oil & Gas Equipment & Services median
Market cap 3.94b 2.96b 1.34b

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