National Energy Services Reunited (NESR) vs Oceaneering International, Inc. (OII)

National Energy Services Reunited and Oceaneering International, Inc. are both Oil & Gas Equipment & Services companies. Oceaneering International, Inc. is the larger, with a market value of $4.7B against $3.3B — 1.4× the size. Oceaneering International, Inc. trades at the lower P/E: 13.3× against 34.2×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 3.84%. Oceaneering International, Inc. has the higher net margin (12.2% vs 5.77%) and the higher return on invested capital (18.1% vs 8.28%). Across the 22 metrics below, Oceaneering International, Inc. leads on 16 and National Energy Services Reunited on 6.

Valuation

Metric NESR OII Oil & Gas Equipment & Services median
P/E 34.18 13.29 24.78
P/S 2.00 1.61 1.28
P/B 3.11 3.95 1.85
Price to free cash flow 20.04 19.86 15.03
EV/EBITDA 11.48 11.37 8.93
EV/Sales 2.06 1.60 1.40
Earnings yield 2.93% 7.52% 3.12%
Free cash flow yield 4.99% 5.03% 5.01%

Profitability

Metric NESR OII Oil & Gas Equipment & Services median
Gross margin 13.37% 19.82% 23.27%
Operating margin 9.34% 10.37% 9.34%
Net margin 5.77% 12.19% 4.69%
Free cash flow margin 9.99% 8.08% 5.05%
Return on equity 9.44% 34.71% 4.92%
Return on assets 4.76% 13.96% 2.37%
Return on invested capital 8.28% 18.09% 4.32%

Growth

Metric NESR OII Oil & Gas Equipment & Services median
Revenue growth (TTM) 23.55% 3.84% 6.08%
EPS growth (last fiscal year) (35.00%) 142.36% —
Revenue growth, 5-year CAGR 9.68% 8.78% 10.60%
Net income growth, 5-year CAGR 0.41% 0.00% 0.00%

Health

Metric NESR OII Oil & Gas Equipment & Services median
Debt to equity 0.26 0.42 0.46
Current ratio 1.02 2.18 2.11
Net debt to EBITDA 0.77 (0.50) 0.76

Dividend

Metric NESR OII Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio — 0.00 0.00

Size

Metric NESR OII Oil & Gas Equipment & Services median
Market cap 3.30b 4.66b 1.81b

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