National Energy Services Reunited (NESR) vs USA Compression Partners, LP (USAC)

National Energy Services Reunited and USA Compression Partners, LP are both Oil & Gas Equipment & Services companies. USA Compression Partners, LP is the larger, with a market value of $3.7B against $3.3B — 1.1× the size. USA Compression Partners, LP trades at the lower P/E: 23.9× against 34.2×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 19.9%. USA Compression Partners, LP has the higher net margin (12.3% vs 5.77%) and the lower return on invested capital (6.84% vs 8.28%). Across the 22 metrics below, USA Compression Partners, LP leads on 12 and National Energy Services Reunited on 10.

Valuation

Metric NESR USAC Oil & Gas Equipment & Services median
P/E 34.18 23.87 24.78
P/S 2.00 3.15 1.28
P/B 3.11 12.90 1.85
Price to free cash flow 20.04 11.85 15.03
EV/EBITDA 11.48 9.74 8.93
EV/Sales 2.06 5.64 1.40
Earnings yield 2.93% 4.19% 3.12%
Free cash flow yield 4.99% 8.44% 5.01%

Profitability

Metric NESR USAC Oil & Gas Equipment & Services median
Gross margin 13.37% 65.70% 23.27%
Operating margin 9.34% 29.95% 9.34%
Net margin 5.77% 12.27% 4.69%
Free cash flow margin 9.99% 26.57% 5.05%
Return on equity 9.44% 174.21% 4.92%
Return on assets 4.76% 4.54% 2.37%
Return on invested capital 8.28% 6.84% 4.32%

Growth

Metric NESR USAC Oil & Gas Equipment & Services median
Revenue growth (TTM) 23.55% 19.87% 6.08%
EPS growth (last fiscal year) (35.00%) 18.06% —
Revenue growth, 5-year CAGR 9.68% 8.37% 10.60%
Net income growth, 5-year CAGR 0.41% 0.00% 0.00%

Health

Metric NESR USAC Oil & Gas Equipment & Services median
Debt to equity 0.26 10.25 0.46
Current ratio 1.02 1.35 2.11
Net debt to EBITDA 0.77 4.14 0.76

Dividend

Metric NESR USAC Oil & Gas Equipment & Services median
Dividend yield — 8.57% 2.12%
Payout ratio — — 0.00

Size

Metric NESR USAC Oil & Gas Equipment & Services median
Market cap 3.30b 3.70b 1.81b

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