LandBridge Company LLC (LB) vs Cactus, Inc. (WHD)

LandBridge Company LLC and Cactus, Inc. are both Oil & Gas Equipment & Services companies. LandBridge Company LLC is the larger, with a market value of $6.3B against $4.9B — 1.3× the size. Cactus, Inc. trades at the lower P/E: 51.9× against 60.9×. LandBridge Company LLC grew revenue faster over the last twelve months: 44.1% against 21.8%. LandBridge Company LLC has the higher net margin (16.5% vs 6.01%) and the lower return on invested capital (6.51% vs 14.4%). Across the 20 metrics below, Cactus, Inc. leads on 12 and LandBridge Company LLC on 8.

Valuation

Metric LB WHD Oil & Gas Equipment & Services median
P/E 60.87 51.92 22.50
P/S 10.12 3.15 1.17
P/B 2.74 2.94 1.82
Price to free cash flow 15.06 13.03 13.72
EV/EBITDA 17.84 10.97 8.68
EV/Sales 12.32 2.91 1.34
Earnings yield 1.64% 1.93% 3.94%
Free cash flow yield 6.64% 7.68% 5.66%

Profitability

Metric LB WHD Oil & Gas Equipment & Services median
Gross margin 98.84% 33.23% 23.26%
Operating margin 61.34% 18.65% 9.34%
Net margin 16.48% 6.01% 4.69%
Free cash flow margin 67.16% 24.19% 5.35%
Return on equity 4.90% 5.82% 4.92%
Return on assets 3.04% 3.71% 2.37%
Return on invested capital 6.51% 14.36% 4.32%

Growth

Metric LB WHD Oil & Gas Equipment & Services median
Revenue growth (TTM) 44.09% 21.79% 6.08%
EPS growth (last fiscal year) 266.28% (13.00%) (13.00%)
Revenue growth, 5-year CAGR — 25.36% 14.44%
Net income growth, 5-year CAGR — 36.96% 0.00%

Health

Metric LB WHD Oil & Gas Equipment & Services median
Debt to equity 0.64 0.01 0.46
Current ratio 7.27 2.59 2.07
Net debt to EBITDA 4.01 (1.54) 0.75

Dividend

Metric LB WHD Oil & Gas Equipment & Services median
Dividend yield — 0.92% 1.51%
Payout ratio — 0.49 0.38

Size

Metric LB WHD Oil & Gas Equipment & Services median
Market cap 6.26b 4.91b 1.63b

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