National Energy Services Reunited (NESR) vs Cactus, Inc. (WHD)

National Energy Services Reunited and Cactus, Inc. are both Oil & Gas Equipment & Services companies. Cactus, Inc. is the larger, with a market value of $5.2B against $3.3B — 1.6× the size. National Energy Services Reunited trades at the lower P/E: 34.2× against 54.0×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 21.8%. Cactus, Inc. has the higher net margin (6.01% vs 5.77%) and the higher return on invested capital (14.4% vs 8.28%). Across the 22 metrics below, Cactus, Inc. leads on 15 and National Energy Services Reunited on 7.

Valuation

Metric NESR WHD Oil & Gas Equipment & Services median
P/E 34.18 54.02 24.78
P/S 2.00 3.28 1.28
P/B 3.11 3.06 1.85
Price to free cash flow 20.04 13.55 15.03
EV/EBITDA 11.48 11.41 8.93
EV/Sales 2.06 3.03 1.40
Earnings yield 2.93% 1.85% 3.12%
Free cash flow yield 4.99% 7.38% 5.01%

Profitability

Metric NESR WHD Oil & Gas Equipment & Services median
Gross margin 13.37% 33.23% 23.27%
Operating margin 9.34% 18.65% 9.34%
Net margin 5.77% 6.01% 4.69%
Free cash flow margin 9.99% 24.19% 5.05%
Return on equity 9.44% 5.82% 4.92%
Return on assets 4.76% 3.71% 2.37%
Return on invested capital 8.28% 14.36% 4.32%

Growth

Metric NESR WHD Oil & Gas Equipment & Services median
Revenue growth (TTM) 23.55% 21.79% 6.08%
EPS growth (last fiscal year) (35.00%) (13.00%) —
Revenue growth, 5-year CAGR 9.68% 25.36% 10.60%
Net income growth, 5-year CAGR 0.41% 36.96% 0.00%

Health

Metric NESR WHD Oil & Gas Equipment & Services median
Debt to equity 0.26 0.01 0.46
Current ratio 1.02 2.59 2.11
Net debt to EBITDA 0.77 (1.54) 0.76

Dividend

Metric NESR WHD Oil & Gas Equipment & Services median
Dividend yield — 1.07% 2.12%
Payout ratio — 0.22 0.00

Size

Metric NESR WHD Oil & Gas Equipment & Services median
Market cap 3.30b 5.23b 1.81b

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