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 $6.4B against $5.2B — 1.2× the size. Cactus, Inc. trades at the lower P/E: 54.0× against 60.7×. 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 60.73 54.02 24.78
P/S 10.09 3.28 1.28
P/B 2.74 3.06 1.85
Price to free cash flow 15.03 13.55 15.03
EV/EBITDA 17.80 11.41 8.93
EV/Sales 12.29 3.03 1.40
Earnings yield 1.65% 1.85% 3.12%
Free cash flow yield 6.65% 7.38% 5.01%

Profitability

Metric LB WHD Oil & Gas Equipment & Services median
Gross margin 98.84% 33.23% 23.27%
Operating margin 61.34% 18.65% 9.34%
Net margin 16.48% 6.01% 4.69%
Free cash flow margin 67.16% 24.19% 5.05%
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%) —
Revenue growth, 5-year CAGR — 25.36% 10.60%
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 2.11
Net debt to EBITDA 4.01 (1.54) 0.76

Dividend

Metric LB WHD Oil & Gas Equipment & Services median
Dividend yield — 1.07% 2.12%
Payout ratio — 0.22 0.00

Size

Metric LB WHD Oil & Gas Equipment & Services median
Market cap 6.36b 5.23b 1.81b

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