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 ($3.5B and $3.4B). Tidewater Inc. trades at the lower P/E: 13.9× against 21.5×. USA Compression Partners, LP grew revenue faster over the last twelve months: 29.4% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 12.4%) and the higher return on invested capital (10.9% vs 7.11%). Across the 21 metrics below, Tidewater Inc. leads on 16 and USA Compression Partners, LP on 5.

Valuation

Metric TDW USAC Oil & Gas Equipment & Services median
P/E 13.92 21.45 20.53
P/S 2.56 2.74 1.08
P/B 2.48 13.59 1.64
Price to free cash flow 12.54 12.85 12.36
EV/EBITDA 6.73 9.55 8.00
EV/Sales 2.59 5.07 1.29
Earnings yield 7.18% 4.66% 3.88%
Free cash flow yield 7.98% 7.78% 5.18%

Profitability

Metric TDW USAC Oil & Gas Equipment & Services median
Gross margin 48.09% 64.04% 22.88%
Operating margin 18.43% 28.88% 7.44%
Net margin 18.34% 12.40% 4.12%
Free cash flow margin 20.42% 21.31% 3.10%
Return on equity 19.56% 293.85% 5.46%
Return on assets 11.12% 4.99% 2.63%
Return on invested capital 10.86% 7.11% 4.26%

Growth

Metric TDW USAC Oil & Gas Equipment & Services median
Revenue growth (TTM) (1.02%) 29.41% 4.65%
EPS growth (last fiscal year) 95.29% 18.06% (13.00%)
Revenue growth, 5-year CAGR 27.78% 8.37% 12.57%
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 11.64 0.44
Current ratio 3.58 1.46 2.04
Net debt to EBITDA 0.14 4.14 1.12

Dividend

Metric TDW USAC Oil & Gas Equipment & Services median
Dividend yield — 6.50% 1.49%
Payout ratio — 1.39 0.36

Size

Metric TDW USAC Oil & Gas Equipment & Services median
Market cap 3.44b 3.51b 1.44b

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