Liberty Energy Inc. (LBRT) vs Select Water Solutions, Inc. (WTTR)

Liberty Energy Inc. and Select Water Solutions, Inc. are both Oil & Gas Equipment & Services companies. Liberty Energy Inc. is the larger, with a market value of $3.0B against $2.7B — 1.1× the size. Liberty Energy Inc. trades at the lower P/E: 25.3× against 73.7×. Liberty Energy Inc. grew revenue faster over the last twelve months: 2.29% against −1.95%. Liberty Energy Inc. has the higher net margin (2.92% vs 2.24%) and the lower return on invested capital (1.14% vs 2.30%). Both pay a dividend; Select Water Solutions, Inc. yields more (2.75% vs 1.47%). Across the 21 metrics below, Liberty Energy Inc. leads on 14 and Select Water Solutions, Inc. on 7.

Valuation

Metric LBRT WTTR Oil & Gas Equipment & Services median
P/E 25.25 73.67 24.78
P/S 0.74 1.88 1.28
P/B 1.57 2.37 1.85
Price to free cash flow n/m n/m 15.03
EV/EBITDA 7.64 11.96 8.93
EV/Sales 0.95 2.04 1.40
Earnings yield 3.96% 1.36% 3.12%
Free cash flow yield (9.15%) (2.74%) 5.01%

Profitability

Metric LBRT WTTR Oil & Gas Equipment & Services median
Gross margin 18.53% 16.15% 23.27%
Operating margin 1.25% 3.51% 9.34%
Net margin 2.92% 2.24% 4.69%
Free cash flow margin (6.73%) (5.17%) 5.05%
Return on equity 6.12% 3.10% 4.92%
Return on assets 3.09% 1.92% 2.37%
Return on invested capital 1.14% 2.30% 4.32%

Growth

Metric LBRT WTTR Oil & Gas Equipment & Services median
Revenue growth (TTM) 2.29% (1.95%) 6.08%
EPS growth (last fiscal year) (52.41%) (30.00%) —
Revenue growth, 5-year CAGR 32.91% 18.39% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LBRT WTTR Oil & Gas Equipment & Services median
Debt to equity 0.75 0.23 0.46
Current ratio 1.99 1.58 2.11
Net debt to EBITDA 0.75 1.41 0.76

Dividend

Metric LBRT WTTR Oil & Gas Equipment & Services median
Dividend yield 1.47% 2.75% 2.12%
Payout ratio 0.04 0.25 0.00

Size

Metric LBRT WTTR Oil & Gas Equipment & Services median
Market cap 2.97b 2.68b 1.81b

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