Oceaneering International, Inc. (OII) vs WaterBridge Infrastructure LLC (WBI)

Oceaneering International, Inc. and WaterBridge Infrastructure LLC are both Oil & Gas Equipment & Services companies. Oceaneering International, Inc. is the larger, with a market value of $4.7B against $3.7B — 1.3× the size. Oceaneering International, Inc. trades at the lower P/E: 13.3× against 373×. Oceaneering International, Inc. has the higher net margin (12.2% vs −0.63%) and the higher return on invested capital (18.1% vs 2.15%). Across the 17 metrics below, Oceaneering International, Inc. leads on 13 and WaterBridge Infrastructure LLC on 4.

Valuation

Metric OII WBI Oil & Gas Equipment & Services median
P/E 13.29 372.50 24.78
P/S 1.61 1.94 1.28
P/B 3.95 0.79 1.85
Price to free cash flow 19.86 n/m 15.03
EV/EBITDA 11.37 8.33 8.93
EV/Sales 1.60 4.02 1.40
Earnings yield 7.52% 0.27% 3.12%
Free cash flow yield 5.03% (8.31%) 5.01%

Profitability

Metric OII WBI Oil & Gas Equipment & Services median
Gross margin 19.82% 56.99% 23.27%
Operating margin 10.37% 15.54% 9.34%
Net margin 12.19% (0.63%) 4.69%
Free cash flow margin 8.08% (16.08%) 5.05%
Return on equity 34.71% (0.38%) 4.92%
Return on assets 13.96% (0.24%) 2.37%
Return on invested capital 18.09% 2.15% 4.32%

Growth

Metric OII WBI Oil & Gas Equipment & Services median
Revenue growth (TTM) 3.84% — 6.08%
EPS growth (last fiscal year) 142.36% — —
Revenue growth, 5-year CAGR 8.78% — 10.60%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric OII WBI Oil & Gas Equipment & Services median
Debt to equity 0.42 0.88 0.46
Current ratio 2.18 1.54 2.11
Net debt to EBITDA (0.50) 6.16 0.76

Dividend

Metric OII WBI Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio 0.00 — 0.00

Size

Metric OII WBI Oil & Gas Equipment & Services median
Market cap 4.66b 3.70b 1.81b

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