Kodiak Gas Services, Inc. (KGS) vs Cactus, Inc. (WHD)

Kodiak Gas Services, Inc. and Cactus, Inc. are both Oil & Gas Equipment & Services companies. Kodiak Gas Services, Inc. and Cactus, Inc. are of similar size ($5.3B and $5.2B). Cactus, Inc. trades at the lower P/E: 54.0× against 62.3×. Cactus, Inc. grew revenue faster over the last twelve months: 21.8% against 8.23%. Cactus, Inc. has the higher net margin (6.01% vs 5.63%) and the higher return on invested capital (14.4% vs 4.98%). Both pay a dividend; Kodiak Gas Services, Inc. yields more (1.58% vs 1.07%). Across the 23 metrics below, Cactus, Inc. leads on 17 and Kodiak Gas Services, Inc. on 6.

Valuation

Metric KGS WHD Oil & Gas Equipment & Services median
P/E 62.32 54.02 24.78
P/S 3.63 3.28 1.28
P/B 2.34 3.06 1.85
Price to free cash flow 200.87 13.55 15.03
EV/EBITDA 11.26 11.41 8.93
EV/Sales 5.52 3.03 1.40
Earnings yield 1.60% 1.85% 3.12%
Free cash flow yield 0.50% 7.38% 5.01%

Profitability

Metric KGS WHD Oil & Gas Equipment & Services median
Gross margin 63.85% 33.23% 23.27%
Operating margin 27.44% 18.65% 9.34%
Net margin 5.63% 6.01% 4.69%
Free cash flow margin 1.81% 24.19% 5.05%
Return on equity 4.46% 5.82% 4.92%
Return on assets 1.59% 3.71% 2.37%
Return on invested capital 4.98% 14.36% 4.32%

Growth

Metric KGS WHD Oil & Gas Equipment & Services median
Revenue growth (TTM) 8.23% 21.79% 6.08%
EPS growth (last fiscal year) 58.93% (13.00%) —
Revenue growth, 5-year CAGR 19.70% 25.36% 10.60%
Net income growth, 5-year CAGR 0.00% 36.96% 0.00%

Health

Metric KGS WHD Oil & Gas Equipment & Services median
Debt to equity 1.28 0.01 0.46
Current ratio 1.45 2.59 2.11
Net debt to EBITDA 4.03 (1.54) 0.76

Dividend

Metric KGS WHD Oil & Gas Equipment & Services median
Dividend yield 1.58% 1.07% 2.12%
Payout ratio — 0.22 0.00

Size

Metric KGS WHD Oil & Gas Equipment & Services median
Market cap 5.34b 5.23b 1.81b

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