NOV Inc. (NOV) vs Cactus, Inc. (WHD)

NOV Inc. and Cactus, Inc. are both Oil & Gas Equipment & Services companies. NOV Inc. is the larger, with a market value of $6.6B against $4.9B — 1.4× the size. Cactus, Inc. trades at the lower P/E: 51.9× against 72.8×. Cactus, Inc. grew revenue faster over the last twelve months: 21.8% against −1.72%. Cactus, Inc. has the higher net margin (6.01% vs 1.10%) and the higher return on invested capital (14.4% vs 4.03%). Both pay a dividend; NOV Inc. yields more (1.82% vs 0.92%). Across the 23 metrics below, Cactus, Inc. leads on 16 and NOV Inc. on 7.

Valuation

Metric NOV WHD Oil & Gas Equipment & Services median
P/E 72.81 51.92 22.50
P/S 0.79 3.15 1.17
P/B 1.09 2.94 1.82
Price to free cash flow 11.29 13.03 13.72
EV/EBITDA 8.41 10.97 8.68
EV/Sales 0.85 2.91 1.34
Earnings yield 1.37% 1.93% 3.94%
Free cash flow yield 8.86% 7.68% 5.66%

Profitability

Metric NOV WHD Oil & Gas Equipment & Services median
Gross margin 20.53% 33.23% 23.26%
Operating margin 5.08% 18.65% 9.34%
Net margin 1.10% 6.01% 4.69%
Free cash flow margin 6.97% 24.19% 5.35%
Return on equity 1.48% 5.82% 4.92%
Return on assets 0.84% 3.71% 2.37%
Return on invested capital 4.03% 14.36% 4.32%

Growth

Metric NOV WHD Oil & Gas Equipment & Services median
Revenue growth (TTM) (1.72%) 21.79% 6.08%
EPS growth (last fiscal year) (75.63%) (13.00%) (13.00%)
Revenue growth, 5-year CAGR 7.50% 25.36% 14.44%
Net income growth, 5-year CAGR 0.00% 36.96% 0.00%

Health

Metric NOV WHD Oil & Gas Equipment & Services median
Debt to equity 0.27 0.01 0.46
Current ratio 2.42 2.59 2.07
Net debt to EBITDA 0.18 (1.54) 0.75

Dividend

Metric NOV WHD Oil & Gas Equipment & Services median
Dividend yield 1.82% 0.92% 1.51%
Payout ratio 1.33 0.49 0.38

Size

Metric NOV WHD Oil & Gas Equipment & Services median
Market cap 6.64b 4.91b 1.63b

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