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. and National Energy Services Reunited are of similar size ($1.9B and $1.9B). National Energy Services Reunited trades at the lower P/E: 20.4× against 47.4×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 13.7%. National Energy Services Reunited has the higher net margin (5.77% vs 0.91%) and the higher return on invested capital (8.28% vs 1.42%). Across the 21 metrics below, National Energy Services Reunited leads on 13 and Liberty Energy Inc. on 8.

Valuation

Metric LBRT NESR Oil & Gas Equipment & Services median
P/E 47.38 20.41 20.53
P/S 0.42 1.20 1.08
P/B 0.97 1.86 1.64
Price to free cash flow n/m 11.97 12.36
EV/EBITDA 5.96 7.00 8.00
EV/Sales 0.72 1.26 1.29
Earnings yield 2.11% 4.90% 3.88%
Free cash flow yield (33.41%) 8.35% 5.18%

Profitability

Metric LBRT NESR Oil & Gas Equipment & Services median
Gross margin 18.02% 13.37% 22.88%
Operating margin 1.67% 9.34% 7.44%
Net margin 0.91% 5.77% 4.12%
Free cash flow margin (13.95%) 9.99% 3.10%
Return on equity 2.02% 9.44% 5.46%
Return on assets 1.01% 4.76% 2.63%
Return on invested capital 1.42% 8.28% 4.26%

Growth

Metric LBRT NESR Oil & Gas Equipment & Services median
Revenue growth (TTM) 13.65% 23.55% 4.65%
EPS growth (last fiscal year) (52.41%) (35.00%) (13.00%)
Revenue growth, 5-year CAGR 32.91% 9.68% 12.57%
Net income growth, 5-year CAGR 0.00% 0.41% 0.00%

Health

Metric LBRT NESR Oil & Gas Equipment & Services median
Debt to equity 0.76 0.26 0.44
Current ratio 1.30 1.02 2.04
Net debt to EBITDA 0.75 0.77 1.12

Dividend

Metric LBRT NESR Oil & Gas Equipment & Services median
Dividend yield 3.17% — 1.49%
Payout ratio 1.50 — 0.36

Size

Metric LBRT NESR Oil & Gas Equipment & Services median
Market cap 1.85b 1.94b 1.44b

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