Liberty Energy Inc. (LBRT) vs Tidewater Inc. (TDW)

Liberty Energy Inc. and Tidewater Inc. are both Oil & Gas Equipment & Services companies. Tidewater Inc. is the larger, with a market value of $4.3B against $3.0B — 1.5× the size. Tidewater Inc. trades at the lower P/E: 17.0× against 25.3×. Liberty Energy Inc. grew revenue faster over the last twelve months: 2.29% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 2.92%) and the higher return on invested capital (10.9% vs 1.14%). Both pay a dividend; Liberty Energy Inc. yields more (1.47% vs 0.17%). Across the 21 metrics below, Tidewater Inc. leads on 14 and Liberty Energy Inc. on 7.

Valuation

Metric LBRT TDW Oil & Gas Equipment & Services median
P/E 25.25 17.02 24.78
P/S 0.74 3.13 1.28
P/B 1.57 3.04 1.85
Price to free cash flow n/m 15.33 15.03
EV/EBITDA 7.64 8.22 8.93
EV/Sales 0.95 3.16 1.40
Earnings yield 3.96% 5.88% 3.12%
Free cash flow yield (9.15%) 6.52% 5.01%

Profitability

Metric LBRT TDW Oil & Gas Equipment & Services median
Gross margin 18.53% 48.09% 23.27%
Operating margin 1.25% 18.43% 9.34%
Net margin 2.92% 18.34% 4.69%
Free cash flow margin (6.73%) 20.42% 5.05%
Return on equity 6.12% 19.56% 4.92%
Return on assets 3.09% 11.12% 2.37%
Return on invested capital 1.14% 10.86% 4.32%

Growth

Metric LBRT TDW Oil & Gas Equipment & Services median
Revenue growth (TTM) 2.29% (1.02%) 6.08%
EPS growth (last fiscal year) (52.41%) 95.29% —
Revenue growth, 5-year CAGR 32.91% 27.78% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LBRT TDW Oil & Gas Equipment & Services median
Debt to equity 0.75 0.47 0.46
Current ratio 1.99 3.58 2.11
Net debt to EBITDA 0.75 0.14 0.76

Dividend

Metric LBRT TDW Oil & Gas Equipment & Services median
Dividend yield 1.47% 0.17% 2.12%
Payout ratio 0.04 0.00 0.00

Size

Metric LBRT TDW Oil & Gas Equipment & Services median
Market cap 2.97b 4.32b 1.81b

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