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 $3.9B against $2.7B — 1.4× the size. Tidewater Inc. trades at the lower P/E: 16.0× against 22.1×. 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%). Across the 20 metrics below, Tidewater Inc. leads on 14 and Liberty Energy Inc. on 6.

Valuation

Metric LBRT TDW Oil & Gas Equipment & Services median
P/E 22.13 15.96 22.50
P/S 0.64 2.94 1.17
P/B 1.38 2.85 1.82
Price to free cash flow n/m 14.38 13.72
EV/EBITDA 6.92 7.71 8.68
EV/Sales 0.86 2.97 1.34
Earnings yield 4.52% 6.26% 3.94%
Free cash flow yield (10.44%) 6.95% 5.66%

Profitability

Metric LBRT TDW Oil & Gas Equipment & Services median
Gross margin 18.53% 48.09% 23.26%
Operating margin 1.25% 18.43% 9.34%
Net margin 2.92% 18.34% 4.69%
Free cash flow margin (6.73%) 20.42% 5.35%
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% (13.00%)
Revenue growth, 5-year CAGR 32.91% 27.78% 14.44%
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 2.07
Net debt to EBITDA 0.75 0.14 0.75

Dividend

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

Size

Metric LBRT TDW Oil & Gas Equipment & Services median
Market cap 2.73b 3.94b 1.63b

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