ProPetro Holding Corp. (PUMP) vs Bristow Group Inc. (VTOL)

ProPetro Holding Corp. and Bristow Group Inc. are both Oil & Gas Equipment & Services companies. ProPetro Holding Corp. and Bristow Group Inc. are of similar size ($1.3B and $1.2B). ProPetro Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Bristow Group Inc. trades at 11.9×. Bristow Group Inc. grew revenue faster over the last twelve months: 8.19% against −15.1%. Bristow Group Inc. has the higher net margin (6.66% vs −1.15%) and the higher return on invested capital (6.45% vs −0.73%). Across the 20 metrics below, Bristow Group Inc. leads on 15 and ProPetro Holding Corp. on 5.

Valuation

Metric PUMP VTOL Oil & Gas Equipment & Services median
P/E n/m 11.90 24.78
P/S 1.01 0.81 1.28
P/B 1.23 1.16 1.85
Price to free cash flow n/m 47.78 15.03
EV/EBITDA 7.51 6.12 8.93
EV/Sales 1.02 1.08 1.40
Earnings yield (1.18%) 8.40% 3.12%
Free cash flow yield (0.10%) 2.09% 5.01%

Profitability

Metric PUMP VTOL Oil & Gas Equipment & Services median
Gross margin 22.69% 25.64% 23.27%
Operating margin (0.97%) 10.03% 9.34%
Net margin (1.15%) 6.66% 4.69%
Free cash flow margin (0.10%) 1.69% 5.05%
Return on equity (1.50%) 10.05% 4.92%
Return on assets (0.81%) 4.46% 2.37%
Return on invested capital (0.73%) 6.45% 4.32%

Growth

Metric PUMP VTOL Oil & Gas Equipment & Services median
Revenue growth (TTM) (15.14%) 8.19% 6.08%
EPS growth (last fiscal year) 100.60% 34.58% —
Revenue growth, 5-year CAGR 9.97% 4.82% 10.60%
Net income growth, 5-year CAGR 0.00% 10.93% 0.00%

Health

Metric PUMP VTOL Oil & Gas Equipment & Services median
Debt to equity 0.82 0.68 0.46
Current ratio 4.09 2.26 2.11
Net debt to EBITDA 0.15 1.47 0.76

Dividend

Metric PUMP VTOL Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio 0.00 0.00 0.00

Size

Metric PUMP VTOL Oil & Gas Equipment & Services median
Market cap 1.17b 1.25b 1.81b

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