LandBridge Company LLC (LB) vs Oceaneering International, Inc. (OII)

LandBridge Company LLC and Oceaneering International, Inc. are both Oil & Gas Equipment & Services companies. LandBridge Company LLC is the larger, with a market value of $6.4B against $4.7B — 1.4× the size. Oceaneering International, Inc. trades at the lower P/E: 13.3× against 60.7×. LandBridge Company LLC grew revenue faster over the last twelve months: 44.1% against 3.84%. LandBridge Company LLC has the higher net margin (16.5% vs 12.2%) and the lower return on invested capital (6.51% vs 18.1%). Across the 20 metrics below, LandBridge Company LLC leads on 10 and Oceaneering International, Inc. on 10.

Valuation

Metric LB OII Oil & Gas Equipment & Services median
P/E 60.73 13.29 24.78
P/S 10.09 1.61 1.28
P/B 2.74 3.95 1.85
Price to free cash flow 15.03 19.86 15.03
EV/EBITDA 17.80 11.37 8.93
EV/Sales 12.29 1.60 1.40
Earnings yield 1.65% 7.52% 3.12%
Free cash flow yield 6.65% 5.03% 5.01%

Profitability

Metric LB OII Oil & Gas Equipment & Services median
Gross margin 98.84% 19.82% 23.27%
Operating margin 61.34% 10.37% 9.34%
Net margin 16.48% 12.19% 4.69%
Free cash flow margin 67.16% 8.08% 5.05%
Return on equity 4.90% 34.71% 4.92%
Return on assets 3.04% 13.96% 2.37%
Return on invested capital 6.51% 18.09% 4.32%

Growth

Metric LB OII Oil & Gas Equipment & Services median
Revenue growth (TTM) 44.09% 3.84% 6.08%
EPS growth (last fiscal year) 266.28% 142.36% —
Revenue growth, 5-year CAGR — 8.78% 10.60%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric LB OII Oil & Gas Equipment & Services median
Debt to equity 0.64 0.42 0.46
Current ratio 7.27 2.18 2.11
Net debt to EBITDA 4.01 (0.50) 0.76

Dividend

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

Size

Metric LB OII Oil & Gas Equipment & Services median
Market cap 6.36b 4.66b 1.81b

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