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 $6.3B against $3.9B — 1.6× the size. Tidewater Inc. trades at the lower P/E: 16.0× against 60.9×. 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 13 and LandBridge Company LLC on 7.

Valuation

Metric LB TDW Oil & Gas Equipment & Services median
P/E 60.87 15.96 22.50
P/S 10.12 2.94 1.17
P/B 2.74 2.85 1.82
Price to free cash flow 15.06 14.38 13.72
EV/EBITDA 17.84 7.71 8.68
EV/Sales 12.32 2.97 1.34
Earnings yield 1.64% 6.26% 3.94%
Free cash flow yield 6.64% 6.95% 5.66%

Profitability

Metric LB TDW Oil & Gas Equipment & Services median
Gross margin 98.84% 48.09% 23.26%
Operating margin 61.34% 18.43% 9.34%
Net margin 16.48% 18.34% 4.69%
Free cash flow margin 67.16% 20.42% 5.35%
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% (13.00%)
Revenue growth, 5-year CAGR — 27.78% 14.44%
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 2.07
Net debt to EBITDA 4.01 0.14 0.75

Dividend

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

Size

Metric LB TDW Oil & Gas Equipment & Services median
Market cap 6.26b 3.94b 1.63b

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