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 $79.0M against $23.9M — 3.3× 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%). Only Martin Midstream Partners L.P. pays a dividend (0.98%). Across the 18 metrics below, Martin Midstream Partners L.P. leads on 14 and New Fortress Energy LLC on 4.

Valuation

Metric MMLP NFE Oil & Gas Midstream median
P/E n/m n/m 12.77
P/S 0.11 0.02 2.36
P/B n/m n/m 2.09
Price to free cash flow n/m n/m 9.71
EV/EBITDA 5.16 n/m 8.30
EV/Sales 0.72 6.62 3.88
Earnings yield (18.54%) (8,006.86%) 7.15%
Free cash flow yield (5.47%) (3,199.08%) 6.86%

Profitability

Metric MMLP NFE Oil & Gas Midstream median
Gross margin 53.29% 34.01% 56.58%
Operating margin 6.30% (86.31%) 34.18%
Net margin (2.02%) (149.43%) 22.50%
Free cash flow margin (0.59%) (59.85%) 13.70%
Return on equity 0.00% (411.72%) 14.65%
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%) 15.60%
EPS growth (last fiscal year) (184.62%) (426.28%) (7.86%)
Revenue growth, 5-year CAGR 1.28% 27.20% 9.59%
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 0.98% 0.00% 4.54%
Payout ratio — — 0.76

Size

Metric MMLP NFE Oil & Gas Midstream median
Market cap 79.03m 23.88m 3.73b

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