Liberty Energy Inc. (LBRT) vs National Energy Services Reunited (NESR)

Liberty Energy Inc. and National Energy Services Reunited are both Oil & Gas Equipment & Services companies. Liberty Energy Inc. is the larger, with a market value of $2.7B against $1.9B — 1.4× the size. National Energy Services Reunited trades at the lower P/E: 19.9× against 22.1×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 2.29%. National Energy Services Reunited has the higher net margin (5.77% vs 2.92%) and the higher return on invested capital (8.28% vs 1.14%). Across the 21 metrics below, National Energy Services Reunited leads on 14 and Liberty Energy Inc. on 7.

Valuation

Metric LBRT NESR Oil & Gas Equipment & Services median
P/E 22.13 19.93 22.50
P/S 0.64 1.17 1.17
P/B 1.38 1.81 1.82
Price to free cash flow n/m 11.68 13.72
EV/EBITDA 6.92 6.84 8.68
EV/Sales 0.86 1.23 1.34
Earnings yield 4.52% 5.02% 3.94%
Free cash flow yield (10.44%) 8.56% 5.66%

Profitability

Metric LBRT NESR Oil & Gas Equipment & Services median
Gross margin 18.53% 13.37% 23.26%
Operating margin 1.25% 9.34% 9.34%
Net margin 2.92% 5.77% 4.69%
Free cash flow margin (6.73%) 9.99% 5.35%
Return on equity 6.12% 9.44% 4.92%
Return on assets 3.09% 4.76% 2.37%
Return on invested capital 1.14% 8.28% 4.32%

Growth

Metric LBRT NESR Oil & Gas Equipment & Services median
Revenue growth (TTM) 2.29% 23.55% 6.08%
EPS growth (last fiscal year) (52.41%) (35.00%) (13.00%)
Revenue growth, 5-year CAGR 32.91% 9.68% 14.44%
Net income growth, 5-year CAGR 0.00% 0.41% 0.00%

Health

Metric LBRT NESR Oil & Gas Equipment & Services median
Debt to equity 0.75 0.26 0.46
Current ratio 1.99 1.02 2.07
Net debt to EBITDA 0.75 0.77 0.75

Dividend

Metric LBRT NESR Oil & Gas Equipment & Services median
Dividend yield 2.17% — 1.51%
Payout ratio 0.49 — 0.38

Size

Metric LBRT NESR Oil & Gas Equipment & Services median
Market cap 2.73b 1.93b 1.63b

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