NextDecade Corporation (NEXT) vs Select Water Solutions, Inc. (WTTR)

NextDecade Corporation and Select Water Solutions, Inc. are both Oil & Gas Equipment & Services companies. Select Water Solutions, Inc. is the larger, with a market value of $2.1B against $1.8B — 1.2× the size. NextDecade Corporation trades at the lower P/E: 5.4× against 60.2×. Select Water Solutions, Inc. has the higher net margin (3.28% vs 0.00%) and the higher return on invested capital (3.62% vs −0.98%). Across the 15 metrics below, Select Water Solutions, Inc. leads on 11 and NextDecade Corporation on 4.

Valuation

Metric NEXT WTTR Oil & Gas Equipment & Services median
P/E 5.39 60.23 20.13
P/S n/m 1.45 1.03
P/B 0.46 1.91 1.70
Price to free cash flow n/m n/m 14.07
EV/EBITDA n/m 9.88 8.07
EV/Sales n/m 1.59 1.29
Earnings yield 18.54% 1.66% 3.94%
Free cash flow yield (308.35%) (2.78%) 5.03%

Profitability

Metric NEXT WTTR Oil & Gas Equipment & Services median
Gross margin 0.00% 17.68% 23.32%
Operating margin 0.00% 5.18% 7.53%
Net margin 0.00% 3.28% 4.60%
Free cash flow margin 0.00% 16.24% 5.00%
Return on equity (3.27%) 4.79% 5.95%
Return on assets (0.67%) 2.93% 3.00%
Return on invested capital (0.98%) 3.62% 4.29%

Growth

Metric NEXT WTTR Oil & Gas Equipment & Services median
Revenue growth (TTM) — 7.84% 6.11%
EPS growth (last fiscal year) (387.50%) (30.00%) (13.00%)
Revenue growth, 5-year CAGR — 18.39% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NEXT WTTR Oil & Gas Equipment & Services median
Debt to equity 3.19 0.21 0.44
Current ratio 0.36 1.61 2.04
Net debt to EBITDA (58.53) 1.41 1.12

Dividend

Metric NEXT WTTR Oil & Gas Equipment & Services median
Dividend yield — 1.29% 1.63%
Payout ratio — 0.78 0.38

Size

Metric NEXT WTTR Oil & Gas Equipment & Services median
Market cap 1.76b 2.09b 1.32b

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