National Energy Services Reunited (NESR) vs Select Water Solutions, Inc. (WTTR)

National Energy Services Reunited and Select Water Solutions, Inc. are both Oil & Gas Equipment & Services companies. National Energy Services Reunited is the larger, with a market value of $3.3B against $2.7B — 1.2× the size. National Energy Services Reunited trades at the lower P/E: 34.2× against 73.7×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against −1.95%. National Energy Services Reunited has the higher net margin (5.77% vs 2.24%) and the higher return on invested capital (8.28% vs 2.30%). Across the 21 metrics below, National Energy Services Reunited leads on 13 and Select Water Solutions, Inc. on 8.

Valuation

Metric NESR WTTR Oil & Gas Equipment & Services median
P/E 34.18 73.67 24.78
P/S 2.00 1.88 1.28
P/B 3.11 2.37 1.85
Price to free cash flow 20.04 n/m 15.03
EV/EBITDA 11.48 11.96 8.93
EV/Sales 2.06 2.04 1.40
Earnings yield 2.93% 1.36% 3.12%
Free cash flow yield 4.99% (2.74%) 5.01%

Profitability

Metric NESR WTTR Oil & Gas Equipment & Services median
Gross margin 13.37% 16.15% 23.27%
Operating margin 9.34% 3.51% 9.34%
Net margin 5.77% 2.24% 4.69%
Free cash flow margin 9.99% (5.17%) 5.05%
Return on equity 9.44% 3.10% 4.92%
Return on assets 4.76% 1.92% 2.37%
Return on invested capital 8.28% 2.30% 4.32%

Growth

Metric NESR WTTR Oil & Gas Equipment & Services median
Revenue growth (TTM) 23.55% (1.95%) 6.08%
EPS growth (last fiscal year) (35.00%) (30.00%) —
Revenue growth, 5-year CAGR 9.68% 18.39% 10.60%
Net income growth, 5-year CAGR 0.41% 0.00% 0.00%

Health

Metric NESR WTTR Oil & Gas Equipment & Services median
Debt to equity 0.26 0.23 0.46
Current ratio 1.02 1.58 2.11
Net debt to EBITDA 0.77 1.41 0.76

Dividend

Metric NESR WTTR Oil & Gas Equipment & Services median
Dividend yield — 2.75% 2.12%
Payout ratio — 0.25 0.00

Size

Metric NESR WTTR Oil & Gas Equipment & Services median
Market cap 3.30b 2.68b 1.81b

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