Martin Midstream Partners L.p. vs Waterbridge Infrastructure LLC
Martin Midstream Partners L.p. is the larger business, with $716m of revenue in fiscal 2025 against $526m for Waterbridge Infrastructure LLC (1.4 times as much). Waterbridge Infrastructure LLC grew faster (66.2% against 1.2%). Waterbridge Infrastructure LLC kept more of each dollar of sales as profit: a net margin of 0.0% against -2.1%.
| Latest fiscal year | Martin Midstream Partners L.p.MMLP, 2025 | Waterbridge Infrastructure LLCWBI, 2025 |
|---|---|---|
| Revenue | $716m | $526m |
| Revenue growth | 1.2% | 66.2% |
| Net income | −$14.7m | $9,000 |
| Operating margin | — | — |
| Net margin | -2.1% | 0.0% |
| Return on equity | — | 0.0% |
| Free cash flow | $21.4m | −$119m |
| Cash | $49,000 | $51.5m |
| Total debt | $428m | $1.46bn |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 540 |
| Market value | $73.4m | $1.39bn |
| Price vs our value range | Below our value range | — |
| Moat score | 64 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 4 buys, 3 sales |