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 $7.1B against $5.2B — 1.4× the size. Cactus, Inc. trades at the lower P/E: 54.0× against 76.4×. 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 (1.18% vs 1.07%). 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 76.38 54.02 24.78
P/S 0.83 3.28 1.28
P/B 1.14 3.06 1.85
Price to free cash flow 11.84 13.55 15.03
EV/EBITDA 8.79 11.41 8.93
EV/Sales 0.89 3.03 1.40
Earnings yield 1.31% 1.85% 3.12%
Free cash flow yield 8.44% 7.38% 5.01%

Profitability

Metric NOV WHD Oil & Gas Equipment & Services median
Gross margin 20.53% 33.23% 23.27%
Operating margin 5.08% 18.65% 9.34%
Net margin 1.10% 6.01% 4.69%
Free cash flow margin 6.97% 24.19% 5.05%
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%) —
Revenue growth, 5-year CAGR 7.50% 25.36% 10.60%
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 2.11
Net debt to EBITDA 0.18 (1.54) 0.76

Dividend

Metric NOV WHD Oil & Gas Equipment & Services median
Dividend yield 1.18% 1.07% 2.12%
Payout ratio 0.19 0.22 0.00

Size

Metric NOV WHD Oil & Gas Equipment & Services median
Market cap 7.09b 5.23b 1.81b

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