Oil States International, Inc. (OIS) vs Smart Sand (SND)

Oil States International, Inc. and Smart Sand are both Oil & Gas Equipment & Services companies. Oil States International, Inc. is the larger, with a market value of $479.0M against $214.5M — 2.2× the size. Oil States International, Inc. has negative trailing earnings, so its P/E is not meaningful; Smart Sand trades at 18.8×. Smart Sand grew revenue faster over the last twelve months: 26.5% against −2.80%. Smart Sand has the higher net margin (2.71% vs −16.8%) and the higher return on invested capital (2.02% vs −10.0%). Across the 20 metrics below, Smart Sand leads on 14 and Oil States International, Inc. on 6.

Valuation

Metric OIS SND Oil & Gas Equipment & Services median
P/E n/m 18.78 22.50
P/S 0.74 0.51 1.17
P/B 0.82 0.84 1.82
Price to free cash flow 6.84 5.75 13.72
EV/EBITDA n/m 5.25 8.68
EV/Sales 0.73 0.53 1.34
Earnings yield (23.28%) 5.33% 3.94%
Free cash flow yield 14.63% 17.40% 5.66%

Profitability

Metric OIS SND Oil & Gas Equipment & Services median
Gross margin 19.89% 13.46% 23.26%
Operating margin (14.39%) 2.03% 9.34%
Net margin (16.79%) 2.71% 4.69%
Free cash flow margin 10.76% 8.95% 5.35%
Return on equity (17.05%) 4.38% 4.92%
Return on assets (11.83%) 3.03% 2.37%
Return on invested capital (10.01%) 2.02% 4.32%

Growth

Metric OIS SND Oil & Gas Equipment & Services median
Revenue growth (TTM) (2.80%) 26.53% 6.08%
EPS growth (last fiscal year) (933.33%) (62.50%) (13.00%)
Revenue growth, 5-year CAGR 0.95% 21.96% 14.44%
Net income growth, 5-year CAGR 0.00% (48.73%) 0.00%

Health

Metric OIS SND Oil & Gas Equipment & Services median
Debt to equity 0.03 0.06 0.46
Current ratio 2.35 1.69 2.07
Net debt to EBITDA 0.30 (0.37) 0.75

Dividend

Metric OIS SND Oil & Gas Equipment & Services median
Dividend yield — 0.00% 1.51%
Payout ratio — 0.00 0.38

Size

Metric OIS SND Oil & Gas Equipment & Services median
Market cap 478.96m 214.54m 1.63b

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