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 $5.2B against $3.7B — 1.4× the size. Cactus, Inc. trades at the lower P/E: 54.0× against 373×. Cactus, Inc. has the higher net margin (6.01% vs −0.63%) and the higher return on invested capital (14.4% vs 2.15%). Across the 17 metrics below, Cactus, Inc. leads on 13 and WaterBridge Infrastructure LLC on 4.

Valuation

Metric WBI WHD Oil & Gas Equipment & Services median
P/E 372.50 54.02 24.78
P/S 1.94 3.28 1.28
P/B 0.79 3.06 1.85
Price to free cash flow n/m 13.55 15.03
EV/EBITDA 8.33 11.41 8.93
EV/Sales 4.02 3.03 1.40
Earnings yield 0.27% 1.85% 3.12%
Free cash flow yield (8.31%) 7.38% 5.01%

Profitability

Metric WBI WHD Oil & Gas Equipment & Services median
Gross margin 56.99% 33.23% 23.27%
Operating margin 15.54% 18.65% 9.34%
Net margin (0.63%) 6.01% 4.69%
Free cash flow margin (16.08%) 24.19% 5.05%
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%) —
Revenue growth, 5-year CAGR — 25.36% 10.60%
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 2.11
Net debt to EBITDA 6.16 (1.54) 0.76

Dividend

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

Size

Metric WBI WHD Oil & Gas Equipment & Services median
Market cap 3.70b 5.23b 1.81b

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