Tidewater Inc. (TDW) vs USA Compression Partners, LP (USAC)

Tidewater Inc. and USA Compression Partners, LP are both Oil & Gas Equipment & Services companies. Tidewater Inc. and USA Compression Partners, LP are of similar size ($3.9B and $3.6B). Tidewater Inc. trades at the lower P/E: 16.0× against 23.9×. USA Compression Partners, LP grew revenue faster over the last twelve months: 19.9% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 12.3%) and the higher return on invested capital (10.9% vs 6.84%). Across the 21 metrics below, Tidewater Inc. leads on 14 and USA Compression Partners, LP on 7.

Valuation

Metric TDW USAC Oil & Gas Equipment & Services median
P/E 15.96 23.85 22.50
P/S 2.94 3.15 1.17
P/B 2.85 12.89 1.82
Price to free cash flow 14.38 11.84 13.72
EV/EBITDA 7.71 9.73 8.68
EV/Sales 2.97 5.64 1.34
Earnings yield 6.26% 4.19% 3.94%
Free cash flow yield 6.95% 8.45% 5.66%

Profitability

Metric TDW USAC Oil & Gas Equipment & Services median
Gross margin 48.09% 65.70% 23.26%
Operating margin 18.43% 29.95% 9.34%
Net margin 18.34% 12.27% 4.69%
Free cash flow margin 20.42% 26.57% 5.35%
Return on equity 19.56% 174.21% 4.92%
Return on assets 11.12% 4.54% 2.37%
Return on invested capital 10.86% 6.84% 4.32%

Growth

Metric TDW USAC Oil & Gas Equipment & Services median
Revenue growth (TTM) (1.02%) 19.87% 6.08%
EPS growth (last fiscal year) 95.29% 18.06% (13.00%)
Revenue growth, 5-year CAGR 27.78% 8.37% 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TDW USAC Oil & Gas Equipment & Services median
Debt to equity 0.47 10.25 0.46
Current ratio 3.58 1.35 2.07
Net debt to EBITDA 0.14 4.14 0.75

Dividend

Metric TDW USAC Oil & Gas Equipment & Services median
Dividend yield — 8.23% 1.51%
Payout ratio — 1.98 0.38

Size

Metric TDW USAC Oil & Gas Equipment & Services median
Market cap 3.94b 3.61b 1.63b

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