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 $4.9B against $3.6B — 1.4× the size. Cactus, Inc. trades at the lower P/E: 51.9× against 356×. Cactus, Inc. has the higher net margin (6.01% vs −0.63%) and the higher return on invested capital (14.4% vs 2.15%). Both pay a dividend; Cactus, Inc. yields more (0.92% vs 0.53%). Across the 18 metrics below, Cactus, Inc. leads on 14 and WaterBridge Infrastructure LLC on 4.

Valuation

Metric WBI WHD Oil & Gas Equipment & Services median
P/E 356.13 51.92 22.50
P/S 1.85 3.15 1.17
P/B 0.76 2.94 1.82
Price to free cash flow n/m 13.03 13.72
EV/EBITDA 8.16 10.97 8.68
EV/Sales 3.94 2.91 1.34
Earnings yield 0.28% 1.93% 3.94%
Free cash flow yield (8.69%) 7.68% 5.66%

Profitability

Metric WBI WHD Oil & Gas Equipment & Services median
Gross margin 56.99% 33.23% 23.26%
Operating margin 15.54% 18.65% 9.34%
Net margin (0.63%) 6.01% 4.69%
Free cash flow margin (16.08%) 24.19% 5.35%
Return on equity (0.38%) 5.82% 4.92%
Return on assets (0.24%) 3.71% 2.37%
Return on invested capital 2.15% 14.36% 4.32%

Growth

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

Health

Metric WBI WHD Oil & Gas Equipment & Services median
Debt to equity 0.88 0.01 0.46
Current ratio 1.54 2.59 2.07
Net debt to EBITDA 6.16 (1.54) 0.75

Dividend

Metric WBI WHD Oil & Gas Equipment & Services median
Dividend yield 0.53% 0.92% 1.51%
Payout ratio 1.88 0.49 0.38

Size

Metric WBI WHD Oil & Gas Equipment & Services median
Market cap 3.55b 4.91b 1.63b

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