NextDecade Corporation (NEXT) vs Bristow Group Inc. (VTOL)

NextDecade Corporation and Bristow Group Inc. are both Oil & Gas Equipment & Services companies. NextDecade Corporation is the larger, with a market value of $1.8B against $1.3B — 1.4× the size. NextDecade Corporation has negative trailing earnings, so its P/E is not meaningful; Bristow Group Inc. trades at 11.9×. Bristow Group Inc. has the higher net margin (6.66% vs 0.00%) and the higher return on invested capital (6.45% vs −1.12%). Across the 15 metrics below, Bristow Group Inc. leads on 13 and NextDecade Corporation on 2.

Valuation

Metric NEXT VTOL Oil & Gas Equipment & Services median
P/E n/m 11.90 24.78
P/S n/m 0.81 1.28
P/B 0.62 1.16 1.85
Price to free cash flow n/m 47.78 15.03
EV/EBITDA n/m 6.12 8.93
EV/Sales n/m 1.08 1.40
Earnings yield (20.73%) 8.40% 3.12%
Free cash flow yield (329.40%) 2.09% 5.01%

Profitability

Metric NEXT VTOL Oil & Gas Equipment & Services median
Gross margin 0.00% 25.64% 23.27%
Operating margin 0.00% 10.03% 9.34%
Net margin 0.00% 6.66% 4.69%
Free cash flow margin 0.00% 1.69% 5.05%
Return on equity (15.32%) 10.05% 4.92%
Return on assets (3.11%) 4.46% 2.37%
Return on invested capital (1.12%) 6.45% 4.32%

Growth

Metric NEXT VTOL Oil & Gas Equipment & Services median
Revenue growth (TTM) — 8.19% 6.08%
EPS growth (last fiscal year) (387.50%) 34.58% —
Revenue growth, 5-year CAGR — 4.82% 10.60%
Net income growth, 5-year CAGR 0.00% 10.93% 0.00%

Health

Metric NEXT VTOL Oil & Gas Equipment & Services median
Debt to equity 3.70 0.68 0.46
Current ratio 0.37 2.26 2.11
Net debt to EBITDA (58.53) 1.47 0.76

Dividend

Metric NEXT VTOL Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio 0.00 0.00 0.00

Size

Metric NEXT VTOL Oil & Gas Equipment & Services median
Market cap 1.78b 1.25b 1.81b

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