USA Compression Partners, LP (USAC) vs WaterBridge Infrastructure LLC (WBI)

USA Compression Partners, LP and WaterBridge Infrastructure LLC are both Oil & Gas Equipment & Services companies. USA Compression Partners, LP and WaterBridge Infrastructure LLC are of similar size ($3.7B and $3.7B). USA Compression Partners, LP trades at the lower P/E: 23.9× against 373×. USA Compression Partners, LP has the higher net margin (12.3% vs −0.63%) and the higher return on invested capital (6.84% vs 2.15%). Across the 17 metrics below, USA Compression Partners, LP leads on 11 and WaterBridge Infrastructure LLC on 6.

Valuation

Metric USAC WBI Oil & Gas Equipment & Services median
P/E 23.87 372.50 24.78
P/S 3.15 1.94 1.28
P/B 12.90 0.79 1.85
Price to free cash flow 11.85 n/m 15.03
EV/EBITDA 9.74 8.33 8.93
EV/Sales 5.64 4.02 1.40
Earnings yield 4.19% 0.27% 3.12%
Free cash flow yield 8.44% (8.31%) 5.01%

Profitability

Metric USAC WBI Oil & Gas Equipment & Services median
Gross margin 65.70% 56.99% 23.27%
Operating margin 29.95% 15.54% 9.34%
Net margin 12.27% (0.63%) 4.69%
Free cash flow margin 26.57% (16.08%) 5.05%
Return on equity 174.21% (0.38%) 4.92%
Return on assets 4.54% (0.24%) 2.37%
Return on invested capital 6.84% 2.15% 4.32%

Growth

Metric USAC WBI Oil & Gas Equipment & Services median
Revenue growth (TTM) 19.87% — 6.08%
EPS growth (last fiscal year) 18.06% — —
Revenue growth, 5-year CAGR 8.37% — 10.60%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric USAC WBI Oil & Gas Equipment & Services median
Debt to equity 10.25 0.88 0.46
Current ratio 1.35 1.54 2.11
Net debt to EBITDA 4.14 6.16 0.76

Dividend

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

Size

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

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