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. is the larger, with a market value of $4.3B against $3.7B — 1.2× the size. Tidewater Inc. trades at the lower P/E: 17.0× 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%). Both pay a dividend; USA Compression Partners, LP yields more (8.57% vs 0.17%). Across the 22 metrics below, Tidewater Inc. leads on 14 and USA Compression Partners, LP on 8.

Valuation

Metric TDW USAC Oil & Gas Equipment & Services median
P/E 17.02 23.87 24.78
P/S 3.13 3.15 1.28
P/B 3.04 12.90 1.85
Price to free cash flow 15.33 11.85 15.03
EV/EBITDA 8.22 9.74 8.93
EV/Sales 3.16 5.64 1.40
Earnings yield 5.88% 4.19% 3.12%
Free cash flow yield 6.52% 8.44% 5.01%

Profitability

Metric TDW USAC Oil & Gas Equipment & Services median
Gross margin 48.09% 65.70% 23.27%
Operating margin 18.43% 29.95% 9.34%
Net margin 18.34% 12.27% 4.69%
Free cash flow margin 20.42% 26.57% 5.05%
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% —
Revenue growth, 5-year CAGR 27.78% 8.37% 10.60%
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 2.11
Net debt to EBITDA 0.14 4.14 0.76

Dividend

Metric TDW USAC Oil & Gas Equipment & Services median
Dividend yield 0.17% 8.57% 2.12%
Payout ratio 0.00 — 0.00

Size

Metric TDW USAC Oil & Gas Equipment & Services median
Market cap 4.32b 3.70b 1.81b

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