WaterBridge Infrastructure LLC (WBI) vs Cactus, Inc. (WHD)

WaterBridge Infrastructure LLC and Cactus, Inc. are both Oil & Gas Equipment & Services companies. Cactus, Inc. is the larger, with a market value of $4.4B against $3.0B — 1.5× the size. Cactus, Inc. trades at the lower P/E: 37.6× against 127×. WaterBridge Infrastructure LLC grew revenue faster over the last twelve months: 113.5% against 40.4%. Cactus, Inc. has the higher net margin (6.69% vs 0.00%) and the higher return on invested capital (15.1% vs 2.32%). Both pay a dividend; Cactus, Inc. yields more (1.03% vs 0.62%). Across the 19 metrics below, Cactus, Inc. leads on 14 and WaterBridge Infrastructure LLC on 5.

Valuation

Metric WBI WHD Oil & Gas Equipment & Services median
P/E 126.76 37.56 20.53
P/S 1.55 2.52 1.08
P/B 0.73 2.52 1.64
Price to free cash flow n/m 13.85 12.36
EV/EBITDA 8.61 8.74 8.00
EV/Sales 3.60 2.31 1.29
Earnings yield 0.79% 2.66% 3.88%
Free cash flow yield (2.05%) 7.22% 5.18%

Profitability

Metric WBI WHD Oil & Gas Equipment & Services median
Gross margin 0.00% 33.51% 22.88%
Operating margin 15.48% 18.76% 7.44%
Net margin 0.00% 6.69% 4.12%
Free cash flow margin 40.77% 18.21% 3.10%
Return on equity 0.00% 7.00% 5.46%
Return on assets 0.00% 4.61% 2.63%
Return on invested capital 2.32% 15.12% 4.26%

Growth

Metric WBI WHD Oil & Gas Equipment & Services median
Revenue growth (TTM) 113.49% 40.37% 4.65%
EPS growth (last fiscal year) — (13.00%) (13.00%)
Revenue growth, 5-year CAGR — 25.36% 12.57%
Net income growth, 5-year CAGR — 36.96% 0.00%

Health

Metric WBI WHD Oil & Gas Equipment & Services median
Debt to equity 0.99 0.01 0.44
Current ratio 1.17 3.06 2.04
Net debt to EBITDA 6.16 (1.54) 1.12

Dividend

Metric WBI WHD Oil & Gas Equipment & Services median
Dividend yield 0.62% 1.03% 1.49%
Payout ratio 0.79 0.40 0.36

Size

Metric WBI WHD Oil & Gas Equipment & Services median
Market cap 2.96b 4.42b 1.44b

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