Liberty Energy Inc. (LBRT) vs WaterBridge Infrastructure LLC (WBI)

Liberty Energy Inc. and WaterBridge Infrastructure LLC are both Oil & Gas Equipment & Services companies. WaterBridge Infrastructure LLC is the larger, with a market value of $3.7B against $3.0B — 1.2× the size. Liberty Energy Inc. trades at the lower P/E: 25.3× against 373×. Liberty Energy Inc. has the higher net margin (2.92% vs −0.63%) and the lower return on invested capital (1.14% vs 2.15%). Across the 17 metrics below, Liberty Energy Inc. leads on 12 and WaterBridge Infrastructure LLC on 5.

Valuation

Metric LBRT WBI Oil & Gas Equipment & Services median
P/E 25.25 372.50 24.78
P/S 0.74 1.94 1.28
P/B 1.57 0.79 1.85
Price to free cash flow n/m n/m 15.03
EV/EBITDA 7.64 8.33 8.93
EV/Sales 0.95 4.02 1.40
Earnings yield 3.96% 0.27% 3.12%
Free cash flow yield (9.15%) (8.31%) 5.01%

Profitability

Metric LBRT WBI Oil & Gas Equipment & Services median
Gross margin 18.53% 56.99% 23.27%
Operating margin 1.25% 15.54% 9.34%
Net margin 2.92% (0.63%) 4.69%
Free cash flow margin (6.73%) (16.08%) 5.05%
Return on equity 6.12% (0.38%) 4.92%
Return on assets 3.09% (0.24%) 2.37%
Return on invested capital 1.14% 2.15% 4.32%

Growth

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

Health

Metric LBRT WBI Oil & Gas Equipment & Services median
Debt to equity 0.75 0.88 0.46
Current ratio 1.99 1.54 2.11
Net debt to EBITDA 0.75 6.16 0.76

Dividend

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

Size

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

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