Liberty Energy Inc. (LBRT) vs USA Compression Partners, LP (USAC)

Liberty Energy Inc. and USA Compression Partners, LP are both Oil & Gas Equipment & Services companies. USA Compression Partners, LP is the larger, with a market value of $3.7B against $3.0B — 1.2× the size. USA Compression Partners, LP trades at the lower P/E: 23.9× against 25.3×. USA Compression Partners, LP grew revenue faster over the last twelve months: 19.9% against 2.29%. USA Compression Partners, LP has the higher net margin (12.3% vs 2.92%) and the higher return on invested capital (6.84% vs 1.14%). Both pay a dividend; USA Compression Partners, LP yields more (8.57% vs 1.47%). Across the 21 metrics below, USA Compression Partners, LP leads on 13 and Liberty Energy Inc. on 8.

Valuation

Metric LBRT USAC Oil & Gas Equipment & Services median
P/E 25.25 23.87 24.78
P/S 0.74 3.15 1.28
P/B 1.57 12.90 1.85
Price to free cash flow n/m 11.85 15.03
EV/EBITDA 7.64 9.74 8.93
EV/Sales 0.95 5.64 1.40
Earnings yield 3.96% 4.19% 3.12%
Free cash flow yield (9.15%) 8.44% 5.01%

Profitability

Metric LBRT USAC Oil & Gas Equipment & Services median
Gross margin 18.53% 65.70% 23.27%
Operating margin 1.25% 29.95% 9.34%
Net margin 2.92% 12.27% 4.69%
Free cash flow margin (6.73%) 26.57% 5.05%
Return on equity 6.12% 174.21% 4.92%
Return on assets 3.09% 4.54% 2.37%
Return on invested capital 1.14% 6.84% 4.32%

Growth

Metric LBRT USAC Oil & Gas Equipment & Services median
Revenue growth (TTM) 2.29% 19.87% 6.08%
EPS growth (last fiscal year) (52.41%) 18.06% —
Revenue growth, 5-year CAGR 32.91% 8.37% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LBRT USAC Oil & Gas Equipment & Services median
Debt to equity 0.75 10.25 0.46
Current ratio 1.99 1.35 2.11
Net debt to EBITDA 0.75 4.14 0.76

Dividend

Metric LBRT USAC Oil & Gas Equipment & Services median
Dividend yield 1.47% 8.57% 2.12%
Payout ratio 0.04 — 0.00

Size

Metric LBRT USAC Oil & Gas Equipment & Services median
Market cap 2.97b 3.70b 1.81b

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