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 $5.2B against $4.3B — 1.2× the size. Tidewater Inc. trades at the lower P/E: 17.0× against 54.0×. 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%). Both pay a dividend; Cactus, Inc. yields more (1.07% vs 0.17%). Across the 23 metrics below, Tidewater Inc. leads on 12 and Cactus, Inc. on 11.

Valuation

Metric TDW WHD Oil & Gas Equipment & Services median
P/E 17.02 54.02 24.78
P/S 3.13 3.28 1.28
P/B 3.04 3.06 1.85
Price to free cash flow 15.33 13.55 15.03
EV/EBITDA 8.22 11.41 8.93
EV/Sales 3.16 3.03 1.40
Earnings yield 5.88% 1.85% 3.12%
Free cash flow yield 6.52% 7.38% 5.01%

Profitability

Metric TDW WHD Oil & Gas Equipment & Services median
Gross margin 48.09% 33.23% 23.27%
Operating margin 18.43% 18.65% 9.34%
Net margin 18.34% 6.01% 4.69%
Free cash flow margin 20.42% 24.19% 5.05%
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%) —
Revenue growth, 5-year CAGR 27.78% 25.36% 10.60%
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 2.11
Net debt to EBITDA 0.14 (1.54) 0.76

Dividend

Metric TDW WHD Oil & Gas Equipment & Services median
Dividend yield 0.17% 1.07% 2.12%
Payout ratio 0.00 0.22 0.00

Size

Metric TDW WHD Oil & Gas Equipment & Services median
Market cap 4.32b 5.23b 1.81b

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