WBI
WaterBridge Infrastructure LLC
Oil & Gas Energy
Market Cap$1.43B
5Y Perf.+3.9%
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DKL
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Stock Comparison
WBI vs DKL
Revenue, margins, valuation, and 5-year total return — side by side.
DKL
Delek Logistics Partners, LP
Oil & Gas Midstream
Market Cap$2.86B
5Y Perf.+4.0%
WBI vs DKL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot |  WBI |  DKL |
|---|---|---|
| Industry | Oil & Gas Energy | Oil & Gas Midstream |
| Market Cap | $1.43B | $2.86B |
| Revenue (TTM) | $548M | $1.06B |
| Net Income (TTM) | $16M | $170M |
| Gross Margin | 24.5% | 19.2% |
| Operating Margin | 14.7% | 16.5% |
| Forward P/E | 58.8x | 15.4x |
| Total Debt | $13M | $35M |
| Cash & Equiv. | $52M | $11M |
Quick Verdict: WBI vs DKL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: DKL leads in 5 of 6 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. WaterBridge Infrastructure LLC is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
🥇DKL emerged as the overall leader. Track its performance:
WBI
WaterBridge Infrastructure LLC
The Defensive Pick
WBI is the clearest fit if your priority is sleep-well-at-night and defensive.
- Low D/E 0.7%, current ratio 1.38x
- current ratio 1.38x
- Lower D/E ratio (0.7% vs 5.8%)
Best for: sleep-well-at-night and defensive
DKL
Delek Logistics Partners, LP
The Income Pick
DKL carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 13 yrs, beta 0.25, yield 8.3%
- 250.8% 10Y total return vs WBI's 21.5%
- Lower P/E (15.4x vs 58.8x)
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Value |  DKL | Lower P/E (15.4x vs 58.8x) |
| Quality / Margins | DKL | 16.0% margin vs WBI's 2.9% |
| Stability / Safety |  WBI | Lower D/E ratio (0.7% vs 5.8%) |
| Dividends | DKL | 8.3% yield; 13-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | DKL | +36.7% vs WBI's +21.5% |
| Efficiency (ROA) | DKL | 6.1% ROA vs WBI's 0.4%, ROIC 14.1% vs 3.3% |
WBI vs DKL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2023
WBI vs DKL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLDKLLAGGINGWBI
WBIWaterBridge Infrastru…
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DKLDelek Logistics Partn…
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6 Total Categories
CATEGORYLEADERvs WBIMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
DKL4/6
Valuation MetricsMultiples, price ratios, and targets
WBI4/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
DKL5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
DKL5/6
Risk & VolatilityBeta, volatility, and downside exposure
DKL1/1
Analyst OutlookRatings, price targets, and dividends
DKL1/1
Income & Cash Flow (Last 12 Months)
DKL leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DKL is the larger business by revenue, generating $1.1B annually — 1.9x WBI's $548M. DKL is the more profitable business, keeping 16.0% of every revenue dollar as net income compared to WBI's 2.9%. On growth, DKL holds the edge at +19.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | WBIWaterBridge Infra… | DKLDelek Logistics P… |
|---|---|---|
| RevenueTrailing 12 months | $548M | $1.1B |
| EBITDAEarnings before interest/tax | $249M | $310M |
| Net IncomeAfter-tax profit | $16M | $170M |
| Free Cash FlowCash after capex | -$135M | $112M |
| Gross MarginGross profit ÷ Revenue | +24.5% | +19.2% |
| Operating MarginEBIT ÷ Revenue | +14.7% | +16.5% |
| Net MarginNet income ÷ Revenue | +2.9% | +16.0% |
| FCF MarginFCF ÷ Revenue | -24.6% | +10.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +12.8% | +19.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +100.0% | -17.8% |
DKL leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
WBI leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, WBI's 6.3x EV/EBITDA is more attractive than DKL's 9.3x.
| Metric | WBIWaterBridge Infra… | DKLDelek Logistics P… |
|---|---|---|
| Market CapShares × price | $1.4B | $2.9B |
| Enterprise ValueMkt cap + debt − cash | $1.4B | $2.9B |
| Trailing P/EPrice ÷ TTM EPS | -305.00x | 16.31x |
| Forward P/EPrice ÷ next-FY EPS est. | 58.76x | 15.39x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 6.35x | 9.28x |
| Price / SalesMarket cap ÷ Revenue | 2.73x | 2.82x |
| Price / BookPrice ÷ Book value/share | 0.71x | 471.32x |
| Price / FCFMarket cap ÷ FCF | — | — |
WBI leads this category, winning 4 of 5 comparable metrics.
Profitability & Efficiency
DKL leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
DKL delivers a 19.2% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $1 for WBI. WBI carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to DKL's 5.75x. On the Piotroski fundamental quality scale (0–9), WBI scores 7/9 vs DKL's 4/9, reflecting strong financial health.
| Metric | WBIWaterBridge Infra… | DKLDelek Logistics P… |
|---|---|---|
| ROE (TTM)Return on equity | +0.9% | +19.2% |
| ROA (TTM)Return on assets | +0.4% | +6.1% |
| ROICReturn on invested capital | +3.3% | +14.1% |
| ROCEReturn on capital employed | +2.2% | +8.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 4 |
| Debt / EquityFinancial leverage | 0.01x | 5.75x |
| Net DebtTotal debt minus cash | -$39M | $24M |
| Cash & Equiv.Liquid assets | $52M | $11M |
| Total DebtShort + long-term debt | $13M | $35M |
| Interest CoverageEBIT ÷ Interest expense | 0.30x | 1.66x |
DKL leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
DKL leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DKL five years ago would be worth $16,898 today (with dividends reinvested), compared to $12,148 for WBI. Over the past 12 months, DKL leads with a +36.7% total return vs WBI's +21.5%. The 3-year compound annual growth rate (CAGR) favors DKL at 8.6% vs WBI's 6.7% — a key indicator of consistent wealth creation.
| Metric | WBIWaterBridge Infra… | DKLDelek Logistics P… |
|---|---|---|
| YTD ReturnYear-to-date | +21.5% | +19.3% |
| 1-Year ReturnPast 12 months | +21.5% | +36.7% |
| 3-Year ReturnCumulative with dividends | +21.5% | +28.0% |
| 5-Year ReturnCumulative with dividends | +21.5% | +69.0% |
| 10-Year ReturnCumulative with dividends | +21.5% | +250.8% |
| CAGR (3Y)Annualised 3-year return | +6.7% | +8.6% |
DKL leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
DKL leads this category, winning 1 of 1 comparable metric.
Risk & Volatility
| Metric | WBIWaterBridge Infra… | DKLDelek Logistics P… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | — | 0.25x |
| 52-Week HighHighest price in past year | $31.90 | $55.89 |
| 52-Week LowLowest price in past year | $23.18 | $41.72 |
| % of 52W HighCurrent price vs 52-week peak | +95.6% | +96.3% |
| RSI (14)Momentum oscillator 0–100 | 54.8 | 55.7 |
| Avg Volume (50D)Average daily shares traded | 599K | 50K |
DKL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
DKL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates WBI as "Buy" and DKL as "Hold". Consensus price targets imply 11.5% upside for WBI (target: $34) vs 4.1% for DKL (target: $56). DKL is the only dividend payer here at 8.26% yield — a key consideration for income-focused portfolios.
| Metric | WBIWaterBridge Infra… | DKLDelek Logistics P… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $34.00 | $56.00 |
| # AnalystsCovering analysts | 5 | 10 |
| Dividend YieldAnnual dividend ÷ price | — | +8.3% |
| Dividend StreakConsecutive years of raises | 0 | 13 |
| Dividend / ShareAnnual DPS | — | $4.45 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.3% |
DKL leads this category, winning 1 of 1 comparable metric.
Key Takeaway
DKL leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). WBI leads in 1 (Valuation Metrics).
Best OverallDelek Logistics Partners, LP (DKL)Leads 5 of 6 categories
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WBI vs DKL: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is WBI or DKL a better buy right now?
Delek Logistics Partners, LP (DKL) offers the better valuation at 16.
3x trailing P/E (15. 4x forward), making it the more compelling value choice. Analysts rate WaterBridge Infrastructure LLC (WBI) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — WBI or DKL?
On forward P/E, Delek Logistics Partners, LP is actually cheaper at 15.
4x.
03Which is the better long-term investment — WBI or DKL?
Over the past 5 years, Delek Logistics Partners, LP (DKL) delivered a total return of +69.
0%, compared to +21. 5% for WaterBridge Infrastructure LLC (WBI). Over 10 years, the gap is even starker: DKL returned +250. 8% versus WBI's +21. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — WBI or DKL?
On balance sheet safety, WaterBridge Infrastructure LLC (WBI) carries a lower debt/equity ratio of 1% versus 6% for Delek Logistics Partners, LP — giving it more financial flexibility in a downturn.
05Which has better profit margins — WBI or DKL?
Delek Logistics Partners, LP (DKL) is the more profitable company, earning 17.
4% net margin versus -0. 9% for WaterBridge Infrastructure LLC — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DKL leads at 18. 0% versus 15. 0% for WBI. At the gross margin level — before operating expenses — WBI leads at 27. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is WBI or DKL more undervalued right now?
On forward earnings alone, Delek Logistics Partners, LP (DKL) trades at 15.
4x forward P/E versus 58. 8x for WaterBridge Infrastructure LLC — 43. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WBI: 11. 5% to $34. 00.
07Which pays a better dividend — WBI or DKL?
In this comparison, DKL (8.
3% yield) pays a dividend. WBI does not pay a meaningful dividend and should not be held primarily for income.
08Is WBI or DKL better for a retirement portfolio?
For long-horizon retirement investors, Delek Logistics Partners, LP (DKL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
25), 8. 3% yield, +250. 8% 10Y return). Both have compounded well over 10 years (DKL: +250. 8%, WBI: +21. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between WBI and DKL?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: WBI is a small-cap quality compounder stock; DKL is a small-cap deep-value stock. DKL pays a dividend while WBI does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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