LandBridge Company LLC (LB) vs Tidewater Inc. (TDW)

LandBridge Company LLC and Tidewater Inc. are both Oil & Gas Equipment & Services companies. LandBridge Company LLC is the larger, with a market value of $6.4B against $4.3B — 1.5× the size. Tidewater Inc. trades at the lower P/E: 17.0× against 60.7×. LandBridge Company LLC grew revenue faster over the last twelve months: 44.1% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 16.5%) and the higher return on invested capital (10.9% vs 6.51%). Across the 20 metrics below, Tidewater Inc. leads on 11 and LandBridge Company LLC on 9.

Valuation

Metric LB TDW Oil & Gas Equipment & Services median
P/E 60.73 17.02 24.78
P/S 10.09 3.13 1.28
P/B 2.74 3.04 1.85
Price to free cash flow 15.03 15.33 15.03
EV/EBITDA 17.80 8.22 8.93
EV/Sales 12.29 3.16 1.40
Earnings yield 1.65% 5.88% 3.12%
Free cash flow yield 6.65% 6.52% 5.01%

Profitability

Metric LB TDW Oil & Gas Equipment & Services median
Gross margin 98.84% 48.09% 23.27%
Operating margin 61.34% 18.43% 9.34%
Net margin 16.48% 18.34% 4.69%
Free cash flow margin 67.16% 20.42% 5.05%
Return on equity 4.90% 19.56% 4.92%
Return on assets 3.04% 11.12% 2.37%
Return on invested capital 6.51% 10.86% 4.32%

Growth

Metric LB TDW Oil & Gas Equipment & Services median
Revenue growth (TTM) 44.09% (1.02%) 6.08%
EPS growth (last fiscal year) 266.28% 95.29% —
Revenue growth, 5-year CAGR — 27.78% 10.60%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric LB TDW Oil & Gas Equipment & Services median
Debt to equity 0.64 0.47 0.46
Current ratio 7.27 3.58 2.11
Net debt to EBITDA 4.01 0.14 0.76

Dividend

Metric LB TDW Oil & Gas Equipment & Services median
Dividend yield — 0.17% 2.12%
Payout ratio — 0.00 0.00

Size

Metric LB TDW Oil & Gas Equipment & Services median
Market cap 6.36b 4.32b 1.81b

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