Western Midstream Partners reported a gross margin of 76.98% and a net margin of 19.50% for the quarter ended Dec 2018. These financial ratios cover 28 quarters of results from Mar 2012 through Dec 2018, standardized by Business Quant from the company’s SEC filings.
| Ratios | Mar2012 | Jun2012 | Sep2012 | Dec2012 | Mar2013 | Jun2013 | Sep2013 | Dec2013 | Mar2014 | Jun2014 | Sep2014 | Dec2014 | Mar2015 | Jun2015 | Sep2015 | Dec2015 | Mar2016 | Jun2016 | Sep2016 | Dec2016 | Mar2017 | Jun2017 | Sep2017 | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||||
| Gross Margin | 68.33% | 65.77% | 68.33% | 75.36% | 68.10% | 68.41% | 70.47% | 72.62% | 80.04% | 75.54% | 69.76% | 67.26% | 63.32% | 61.31% | 58.37% | 56.20% | 82.20% | 84.37% | 79.13% | 76.98% | ||||||||
| EBT Margin | 31.73% | 29.21% | 32.49% | 34.11% | -32.45% | 31.46% | 45.83% | -35.14% | 32.47% | 38.75% | 35.22% | 28.43% | 20.58% | 33.34% | 25.60% | 23.66% | 34.77% | 7.99% | 30.76% | 19.44% | ||||||||
| EBIT Margin | 34.80% | 33.80% | 37.11% | 37.35% | -28.18% | 36.46% | 52.18% | -28.39% | 39.72% | 40.90% | 40.81% | 35.33% | 26.65% | 39.39% | 31.09% | 28.66% | 42.84% | 16.98% | 39.32% | 29.47% | ||||||||
| EBITDA Margin | 34.80% | 33.80% | 37.11% | 37.35% | -28.18% | 36.46% | 52.18% | -28.39% | 39.72% | 40.90% | 40.81% | 35.33% | 26.65% | 39.39% | 31.09% | 28.66% | 42.84% | 16.98% | 39.32% | 29.47% | ||||||||
| Operating Margin | 34.80% | 33.80% | 37.11% | 37.35% | -28.18% | 36.46% | 52.18% | -28.39% | 39.72% | 40.90% | 40.81% | 35.33% | 26.65% | 39.39% | 31.09% | 28.66% | 42.84% | 16.98% | 39.32% | 29.47% | ||||||||
| Net Margin | 16.76% | 15.46% | 16.77% | 11.05% | -9.48% | 14.79% | 20.66% | -7.39% | 18.40% | 20.73% | 18.98% | 16.38% | 14.71% | 19.97% | 16.74% | 15.75% | 34.42% | 7.93% | 30.46% | 19.50% | ||||||||
| FCF Margin | -22.21% | -12.86% | 6.15% | -4.54% | -3.96% | 5.74% | 18.50% | 13.30% | 25.81% | 8.63% | 30.33% | 29.58% | 12.73% | 20.01% | 9.12% | -0.14% | -14.04% | -17.31% | -12.37% | 4.02% | ||||||||
| Efficiency | ||||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 4.71B | 4.88B | 5.02B | 6.01B | 6.89B | 6.89B | 6.94B | 7.11B | 7.33B | 7.44B | 7.51B | 7.62B | 7.69B | 7.69B | 7.83B | 7.97B | 8.42B | 8.74B | 8.85B | 9.14B | ||||||||
| Invested CapitalInvested Cap. | 4.54B | 4.72B | 4.78B | 6.99B | 6.29B | 6.44B | 6.38B | 6.61B | 6.77B | 7.09B | 7.09B | 7.23B | 7.16B | 7.32B | 7.37B | 7.44B | 8.05B | 7.88B | 8.21B | 8.32B | ||||||||
| Asset Utilization RatioAsset Util. | 0.25 | 0.26 | 0.27 | 0.26 | 0.24 | 0.26 | 0.27 | 0.25 | 0.23 | 0.22 | 0.23 | 0.24 | 0.25 | 0.26 | 0.27 | 0.28 | 0.26 | 0.24 | 0.23 | 0.21 | ||||||||
| Leverage & Solvency | ||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 7.51 | 5.79 | 6.36 | 9.17 | -5.36 | 6.16 | 7.10 | -3.75 | 4.73 | 13.06 | 6.28 | 4.54 | 3.82 | 5.70 | 4.95 | 5.01 | 4.64 | 1.66 | 4.13 | 3.12 | ||||||||
| Debt Ratio | 0.40 | 0.41 | 0.41 | 0.35 | 0.37 | 0.38 | 0.37 | 0.37 | 0.41 | 0.39 | 0.39 | 0.40 | 0.41 | 0.42 | 0.43 | 0.44 | 0.48 | 0.49 | 0.51 | 0.52 | ||||||||
| Times Interest Earned | 7.51 | 5.79 | 6.36 | 9.17 | -5.36 | 6.16 | 7.10 | -3.75 | 4.73 | 13.06 | 6.28 | 4.54 | 3.82 | 5.70 | 4.95 | 5.01 | 4.64 | 1.66 | 4.13 | 3.12 | ||||||||
| Dividends & Payouts | ||||||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 1.00 | 1.11 | 1.14 | 0.90 | -0.61 | 1.04 | 1.29 | -0.37 | 0.80 | 1.10 | 1.18 | 0.85 | 0.75 | 1.20 | 1.02 | 0.85 | 1.25 | 0.34 | 1.56 | 0.84 | ||||||||
| FCF Payout RatioFCF Cover | -0.76 | -1.08 | 2.39 | -2.72 | -3.95 | 2.48 | 0.87 | 1.51 | 0.89 | 2.19 | 0.53 | 0.65 | 1.54 | 0.83 | 1.80 | -132.37 | -1.96 | -1.35 | -1.58 | 5.80 | ||||||||
| Dividend YieldDiv. Yield | 0.47% | 0.36% | 0.39% | 0.48% | 0.52% | 0.50% | 0.81% | 1.05% | 1.13% | 0.97% | 0.83% | 1.06% | 1.00% | 0.93% | 1.04% | 1.45% | 1.66% | 1.30% | 1.51% | 2.15% | ||||||||
| Payout Ratio | 1.00 | 0.90 | 0.87 | 1.12 | -1.65 | 0.96 | 0.78 | -2.71 | 1.25 | 0.91 | 0.85 | 1.17 | 1.33 | 0.84 | 0.98 | 1.18 | 0.80 | 2.94 | 0.64 | 1.20 | ||||||||
| Valuation | ||||||||||||||||||||||||||||
| Price to EarningsP/E | 212.89 | 248.40 | 222.51 | 230.65 | -317.18 | 190.55 | 96.58 | -258.18 | 110.69 | 94.23 | 101.78 | 110.78 | 132.90 | 89.75 | 93.72 | 81.75 | 48.18 | 226.46 | 42.38 | 55.81 | ||||||||
| Price to SalesP/S | 35.69 | 38.41 | 37.31 | 25.49 | 30.06 | 28.19 | 19.96 | 19.07 | 20.36 | 19.53 | 19.31 | 18.15 | 19.55 | 17.92 | 15.69 | 12.87 | 16.59 | 17.95 | 12.91 | 10.88 | ||||||||
| Price to BookP/B | 4.10 | 5.09 | 4.95 | 2.89 | 3.49 | 3.49 | 2.27 | 2.03 | 2.09 | 2.03 | 2.24 | 2.26 | 2.50 | 2.33 | 2.26 | 2.06 | 1.88 | 2.13 | 1.81 | 1.73 | ||||||||
| Enterprise Value | 12.36B | 13.60B | 13.26B | 13.12B | 13.07B | 13.05B | 8.56B | 7.84B | 7.69B | 8.21B | 9.16B | 8.91B | 9.97B | 9.23B | 8.86B | 8.06B | 6.73B | 7.77B | 6.42B | 5.98B | ||||||||
| EV to EBIT | 117.89 | 112.60 | 99.94 | 67.91 | -106.15 | 76.78 | 37.92 | -66.35 | 50.54 | 46.85 | 46.58 | 49.39 | 72.47 | 44.59 | 49.60 | 44.47 | 35.92 | 104.97 | 32.17 | 36.37 | ||||||||
| EV to EBITDA | 117.89 | 112.60 | 99.94 | 67.91 | -106.15 | 76.78 | 37.92 | -66.35 | 50.54 | 46.85 | 46.58 | 49.39 | 72.47 | 44.59 | 49.60 | 44.47 | 35.92 | 104.97 | 32.17 | 36.37 | ||||||||
| Market Capitalization | 10.75B | 13.73B | 13.34B | 13.18B | 13.13B | 13.13B | 8.63B | 7.94B | 7.80B | 8.37B | 9.30B | 9.27B | 10.09B | 9.42B | 9.02B | 8.14B | 7.25B | 7.83B | 6.55B | 6.07B | ||||||||
| Price to FCFP/FCF | -160.71 | -298.56 | 606.83 | -561.97 | -758.57 | 491.20 | 107.87 | 143.41 | 78.89 | 226.34 | 63.68 | 61.36 | 153.55 | 89.57 | 172.06 | -0.00B | -118.13 | -103.71 | -104.39 | 270.53 | ||||||||
| EV to FCF | -184.74 | -295.91 | 603.27 | -559.11 | -755.11 | 487.87 | 106.93 | 141.61 | 77.77 | 222.03 | 62.67 | 58.98 | 151.68 | 87.78 | 169.14 | -0.00B | -109.60 | -102.98 | -102.27 | 266.42 | ||||||||
| EV to CFO | 93.44 | 93.57 | 82.54 | 51.98 | 67.31 | 73.72 | 38.19 | 41.84 | 32.60 | 52.68 | 34.83 | 34.49 | 52.02 | 38.51 | 41.98 | 31.60 | 27.92 | 28.54 | 27.20 | 22.37 | ||||||||
| Return Ratios | ||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 34.80% | 33.80% | 37.11% | 37.35% | -28.18% | 36.46% | 52.18% | -28.39% | 39.72% | 40.90% | 40.81% | 35.33% | 26.65% | 39.39% | 31.09% | 28.66% | 42.84% | 16.98% | 39.32% | 29.47% | ||||||||
| Return on Capital Employed [ROCE]ROCE | 8.06% | 8.87% | 9.56% | 9.56% | 4.86% | 5.58% | 6.94% | 2.24% | 6.07% | 6.05% | 5.60% | 9.64% | 9.32% | 9.73% | 9.46% | 9.34% | 9.53% | 7.55% | 7.73% | 7.27% | ||||||||
| Return on Invested Capital [ROIC]ROIC | 7.74% | 8.91% | 9.50% | 8.63% | 3.92% | 4.69% | 5.96% | 0.47% | 5.62% | 5.76% | 5.44% | 9.71% | 9.50% | 9.87% | 9.49% | 9.44% | 9.69% | 7.76% | 7.93% | 7.52% | ||||||||
| Return on Assets [ROA]ROA | 6.97% | 7.56% | 7.97% | 7.55% | 2.98% | 3.45% | 4.49% | 0.16% | 3.86% | 4.23% | 3.97% | 7.83% | 7.57% | 7.68% | 7.25% | 7.20% | 7.38% | 5.50% | 5.53% | 4.91% |