Tidewater Inc. (TDW) vs Cactus, Inc. (WHD)

Tidewater Inc. and Cactus, Inc. are both Oil & Gas Equipment & Services companies. Cactus, Inc. is the larger, with a market value of $4.9B against $3.9B — 1.2× the size. Tidewater Inc. trades at the lower P/E: 16.0× against 51.9×. Cactus, Inc. grew revenue faster over the last twelve months: 21.8% against −1.02%. Tidewater Inc. has the higher net margin (18.3% vs 6.01%) and the lower return on invested capital (10.9% vs 14.4%). Across the 22 metrics below, Tidewater Inc. leads on 12 and Cactus, Inc. on 10.

Valuation

Metric TDW WHD Oil & Gas Equipment & Services median
P/E 15.96 51.92 22.50
P/S 2.94 3.15 1.17
P/B 2.85 2.94 1.82
Price to free cash flow 14.38 13.03 13.72
EV/EBITDA 7.71 10.97 8.68
EV/Sales 2.97 2.91 1.34
Earnings yield 6.26% 1.93% 3.94%
Free cash flow yield 6.95% 7.68% 5.66%

Profitability

Metric TDW WHD Oil & Gas Equipment & Services median
Gross margin 48.09% 33.23% 23.26%
Operating margin 18.43% 18.65% 9.34%
Net margin 18.34% 6.01% 4.69%
Free cash flow margin 20.42% 24.19% 5.35%
Return on equity 19.56% 5.82% 4.92%
Return on assets 11.12% 3.71% 2.37%
Return on invested capital 10.86% 14.36% 4.32%

Growth

Metric TDW WHD Oil & Gas Equipment & Services median
Revenue growth (TTM) (1.02%) 21.79% 6.08%
EPS growth (last fiscal year) 95.29% (13.00%) (13.00%)
Revenue growth, 5-year CAGR 27.78% 25.36% 14.44%
Net income growth, 5-year CAGR 0.00% 36.96% 0.00%

Health

Metric TDW WHD Oil & Gas Equipment & Services median
Debt to equity 0.47 0.01 0.46
Current ratio 3.58 2.59 2.07
Net debt to EBITDA 0.14 (1.54) 0.75

Dividend

Metric TDW WHD Oil & Gas Equipment & Services median
Dividend yield — 0.92% 1.51%
Payout ratio — 0.49 0.38

Size

Metric TDW WHD Oil & Gas Equipment & Services median
Market cap 3.94b 4.91b 1.63b

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