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 $6.3B against $4.3B — 1.5× the size. Oceaneering International, Inc. trades at the lower P/E: 12.6× against 60.9×. 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 60.87 12.58 22.50
P/S 10.12 1.52 1.17
P/B 2.74 3.73 1.82
Price to free cash flow 15.06 18.80 13.72
EV/EBITDA 17.84 10.76 8.68
EV/Sales 12.32 1.52 1.34
Earnings yield 1.64% 7.95% 3.94%
Free cash flow yield 6.64% 5.32% 5.66%

Profitability

Metric LB OII Oil & Gas Equipment & Services median
Gross margin 98.84% 19.82% 23.26%
Operating margin 61.34% 10.37% 9.34%
Net margin 16.48% 12.19% 4.69%
Free cash flow margin 67.16% 8.08% 5.35%
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% (13.00%)
Revenue growth, 5-year CAGR — 8.78% 14.44%
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 2.07
Net debt to EBITDA 4.01 (0.50) 0.75

Dividend

Metric LB OII Oil & Gas Equipment & Services median
Dividend yield — — 1.51%
Payout ratio — — 0.38

Size

Metric LB OII Oil & Gas Equipment & Services median
Market cap 6.26b 4.28b 1.63b

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