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WaterBridge Infrastructure LLCWBI -0.46%13 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates WBI with a GF Score™ of 13/100. The stock has 8 warning signs investors should review. Among 943 Oil & Gas companies, WaterBridge Infrastructure LLC ranks worse than 106044.43% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. WaterBridge Infrastructure LLC's annualized net income for the quarter that ended in Mar. 2026 was $14.1 Mil. WaterBridge Infrastructure LLC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-365.4 Mil. Therefore, WaterBridge Infrastructure LLC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for WaterBridge Infrastructure LLC's Return-on-Tangible-Equity or its related term are showing as below:
During the past 3 years, WaterBridge Infrastructure LLC's highest Return-on-Tangible-Equity was 18.16%. The lowest was 0.00%. And the median was 9.36%.
WBI's Return-on-Tangible-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 6.78 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
WaterBridge Infrastructure LLC Return-on-Tangible-Equity Related Terms
WaterBridge Infrastructure LLC Return-on-Tangible-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WBI vs HLX, RES, XPRO: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, WaterBridge Infrastructure LLC's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
WaterBridge Infrastructure LLC Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, WaterBridge Infrastructure LLC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where WaterBridge Infrastructure LLC's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
WaterBridge Infrastructure LLC (WBI) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on WaterBridge Infrastructure LLC and its competitors. According to the industry distribution chart, WaterBridge Infrastructure LLC ranks #999999 out of 943 companies in the Oil & Gas industry.
Is WaterBridge Infrastructure LLC's Return-on-Tangible-Equity too high?
WaterBridge Infrastructure LLC's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, WaterBridge Infrastructure LLC ranks #999999 out of 943 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, WaterBridge Infrastructure LLC has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does WaterBridge Infrastructure LLC's Return-on-Tangible-Equity compare to HLX and RES?
According to the Oil & Gas industry distribution chart, WaterBridge Infrastructure LLC ranks #999999 out of 943 companies for Return-on-Tangible-Equity. This places WaterBridge Infrastructure LLC in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.78. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.78, based on 943 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on WaterBridge Infrastructure LLC and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WaterBridge Infrastructure LLC's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WaterBridge Infrastructure LLC stock overvalued right now?
WaterBridge Infrastructure LLC (WBI) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The current Return-on-Tangible-Equity is Negative Tangible Equity%. WaterBridge Infrastructure LLC's overall GF Score™ is 13/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For WaterBridge Infrastructure LLC (WBI), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
WaterBridge Infrastructure LLC Business Description
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company with operations predominantly in the Delaware Basin, the prolific oil and natural gas basin in North America. It operates in the produced water infrastructure network in the United States through which it provides water management solutions to oil and natural gas E&P companies under long-term contracts, which include gathering, transporting, recycling, and handling produced water. It also operates two energy waste management facilities for the disposal of non-hazardous waste resulting from oil and gas E&P activities, branded under Desert Environmental. The transportation, treatment, and handling of produced water are crucial to oil and natural gas production.
13GF Score
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