NOV Inc. (NOV) vs Tidewater Inc. (TDW)

NOV Inc. and Tidewater Inc. are both Oil & Gas Equipment & Services companies. NOV Inc. is the larger, with a market value of $6.2B against $3.4B — 1.8× the size. Tidewater Inc. trades at the lower P/E: 13.9× against 41.9×. NOV Inc. grew revenue faster over the last twelve months: −0.98% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 1.65%) and the higher return on invested capital (10.9% vs 4.26%). Across the 21 metrics below, Tidewater Inc. leads on 16 and NOV Inc. on 5.

Valuation

Metric NOV TDW Oil & Gas Equipment & Services median
P/E 41.94 13.92 20.53
P/S 0.72 2.56 1.08
P/B 0.99 2.48 1.64
Price to free cash flow 19.29 12.54 12.36
EV/EBITDA 7.54 6.73 8.00
EV/Sales 0.79 2.59 1.29
Earnings yield 2.38% 7.18% 3.88%
Free cash flow yield 5.18% 7.98% 5.18%

Profitability

Metric NOV TDW Oil & Gas Equipment & Services median
Gross margin 20.73% 48.09% 22.88%
Operating margin 5.46% 18.43% 7.44%
Net margin 1.65% 18.34% 4.12%
Free cash flow margin 3.72% 20.42% 3.10%
Return on equity 2.26% 19.56% 5.46%
Return on assets 1.27% 11.12% 2.63%
Return on invested capital 4.26% 10.86% 4.26%

Growth

Metric NOV TDW Oil & Gas Equipment & Services median
Revenue growth (TTM) (0.98%) (1.02%) 4.65%
EPS growth (last fiscal year) (75.63%) 95.29% (13.00%)
Revenue growth, 5-year CAGR 7.50% 27.78% 12.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NOV TDW Oil & Gas Equipment & Services median
Debt to equity 0.27 0.47 0.44
Current ratio 2.51 3.58 2.04
Net debt to EBITDA 0.18 0.14 1.12

Dividend

Metric NOV TDW Oil & Gas Equipment & Services median
Dividend yield 1.98% — 1.49%
Payout ratio 0.83 — 0.36

Size

Metric NOV TDW Oil & Gas Equipment & Services median
Market cap 6.20b 3.44b 1.44b

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