Martin Midstream Partners L.P. (MMLP) vs New Fortress Energy LLC (NFE)

Martin Midstream Partners L.P. and New Fortress Energy LLC are both Oil & Gas Midstream companies. Martin Midstream Partners L.P. is the larger, with a market value of $87.3M against $36.9M — 2.4× the size. Martin Midstream Partners L.P. grew revenue faster over the last twelve months: 4.01% against −37.2%. Martin Midstream Partners L.P. has the higher net margin (−2.02% vs −149.4%) and the higher return on invested capital (8.06% vs −8.62%). Both pay a dividend; New Fortress Energy LLC yields more (8.30% vs 0.91%). Across the 18 metrics below, Martin Midstream Partners L.P. leads on 13 and New Fortress Energy LLC on 5.

Valuation

Metric MMLP NFE Oil & Gas Midstream median
P/E n/m n/m 13.19
P/S 0.11 0.03 2.60
P/B n/m n/m 2.08
Price to free cash flow n/m n/m 10.14
EV/EBITDA 5.20 n/m 8.11
EV/Sales 0.72 6.63 3.89
Earnings yield (17.59%) (4,980.31%) 6.83%
Free cash flow yield (5.19%) (1,987.45%) 6.94%

Profitability

Metric MMLP NFE Oil & Gas Midstream median
Gross margin 53.29% 34.01% 58.81%
Operating margin 6.30% (86.31%) 32.14%
Net margin (2.02%) (149.43%) 21.16%
Free cash flow margin (0.59%) (59.85%) 10.15%
Return on equity 0.00% (411.72%) 11.30%
Return on assets (2.83%) (16.69%) 5.00%
Return on invested capital 8.06% (8.62%) 6.13%

Growth

Metric MMLP NFE Oil & Gas Midstream median
Revenue growth (TTM) 4.01% (37.18%) 15.44%
EPS growth (last fiscal year) (184.62%) (488.14%) —
Revenue growth, 5-year CAGR 1.28% 27.20% 8.96%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MMLP NFE Oil & Gas Midstream median
Debt to equity (5.03) (20.48) 0.78
Current ratio 1.21 0.16 1.19
Net debt to EBITDA 4.09 (34.61) 3.42

Dividend

Metric MMLP NFE Oil & Gas Midstream median
Dividend yield 0.91% 8.30% 7.29%
Payout ratio — 1.80 0.64

Size

Metric MMLP NFE Oil & Gas Midstream median
Market cap 87.25m 36.90m 3.61b

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