BKR vs EFXT vs FET Stock Comparison

Baker Hughes, Enerflex and Forum Energy Technologies Prices as of Oct 26, 2026 Peers: Industry group
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BKR Baker Hughes Co
$56.01 -3.1% 1M +18.4% 1Y
Market cap
$56.35B
P/E
18.2x
Revenue (TTM)
$27.73B
Div. yield
0.02%
Oilfield Services Energy
6 wins
EFXT Enerflex Ltd.
$23.44 -0.6% 1M +88.1% 1Y
Market cap
$2.91B
P/E
47.7x
Revenue (TTM)
$2.21B
Div. yield
–
Oilfield Equipment Energy
2 wins

Head to Head

11 decided of 12

Baker Hughes leads on 6 of the 12 questions below (Baker Hughes 6, Forum Energy Technologies 3, Enerflex 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBKREFXTFETLeader
Larger companyMarket capitalisation $56.35B $2.91B $1.02B BKR
Cheaper on earningsLower P/E, profitable companies only 18.2x 47.7x -641.9x BKR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.4x 18.5x 23.5x EFXT
Faster revenue growthRevenue growth, trailing twelve months +0.4% — +3.9% FET
More profitableNet margin, trailing twelve months 11.2% 2.8% -0.2% BKR
Better return on capitalReturn on invested capital 8.9% 8.8% 0.0% BKR
Less leveragedLower net debt / EBITDA 0.1x 0.7x 1.6x BKR
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +18.4% +88.1% +187.2% FET
Better 5-year returnAnnualised price return, 5 years +17.5%/yr +22.3%/yr +31.0%/yr FET
Less volatileAnnualised volatility, 1 year 33.2% 49.2% 55.2% BKR
Higher overall scoreMean of the five percentile scores vs peers 55/100 63/100 49/100 EFXT

Percentile Scorecard

BKREFXTFET

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBKREFXTFET
Valuation 44 #27 of 47 74 #13 of 47 17 #39 of 47
Growth 67 #15 of 44 93 #4 of 44 77 #11 of 44
Profitability 75 #11 of 41 88 #6 of 41 28 #30 of 41
Financial Health 49 #24 of 46 36 #30 of 46 29 #33 of 46
Shareholder Returns 42 #19 of 32 26 #24 of 32 97 #2 of 32
Overall 55 63 49
  • BKR ranked among 48 companies in Oilfield Services and Equipment
  • EFXT ranked among 48 companies in Oilfield Services and Equipment
  • FET ranked among 48 companies in Oilfield Services and Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBKREFXTFETSPY
1 month -3.1%-0.6%+7.2% -0.8%
3 months -7.6%+4.2%+56.9% +3.5%
6 months -18.1%-8.3%+40.0% +7.0%
Year to date +23.0%+51.9%+140.3% +12.2%
1 year +18.4%+88.1%+187.2% +13.0%
3 years +60.9%+477.3%+306.4% +86.3%
3 years, per year +17.2%+79.5%+59.6% +23.1%
5 years +124.0%+172.9%+285.9% +68.6%
5 years, per year +17.5%+22.3%+31.0% +11.0%
10 years —+112.1%-77.6% +258.0%
10 years, per year —+7.8%-13.9% +13.6%

Risk

MeasureBKREFXTFETSPY
Volatility, 1Y 33.2%49.2%55.2% 12.7%
Downside volatility, 1Y 34.2%47.8%53.9% 12.7%
Beta vs S&P 500, 1Y 0.680.870.84 1.00
Return / volatility, 1Y 0.551.793.39 1.02
Max drawdown, 5Y -47.2%-56.6%-59.1% -25.4%
From 52-week high -19.6%-17.4%0.0% -1.8%
52-week high $69.67$28.39$88.80 $779.14
52-week low $44.47$12.53$26.78 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBKREFXTFET
P/E now vs peer median 17.9xmedian 25.5x 47.2xmedian 25.5x -633.3xmedian 25.5x
P/S now vs peer median 2.0xmedian 1.2x 1.3xmedian 1.2x 1.2xmedian 1.2x
EV/EBITDA now vs peer median 11.5xmedian 8.6x 5.1xmedian 8.6x 16.0xmedian 8.6x
P/FCF now vs peer median 17.8xmedian 14.7x 6.4xmedian 14.7x 18.8xmedian 14.7x
P/B now vs peer median 2.8xmedian 1.6x 2.4xmedian 1.6x 3.4xmedian 1.6x
PEG now vs peer median 0.45median 0.41 1.25median 0.41 -15.76median 0.41

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBKREFXTFET
Revenue $27.73B $2.21B $833.35M
Gross profit $6.58B $525.36M $233.66M
Operating income $3.59B $206.78M $38.17M
Net income $3.12B $185.99M -$1.58M
Free cash flow $3.13B $444.07M $53.22M
R&D $569.00M – –
EPS (diluted) $3.11 $0.50 $-0.13
Cash & equivalents $15.73B $74.00M $33.72M
Total debt $16.25B $2.40B $143.71M
Shares (diluted) 997.00M 123.06M 11.77M
Enterprise value $19.45B $2.59B $878.57M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBKREFXTFET
P/E 17.9x 47.2x -633.3x
P/FCF 17.8x 6.4x 18.8x
P/Operating cash flow 12.5x 6.8x 16.8x
P/S 2.0x 1.3x 1.2x
P/B 2.8x 2.4x 3.4x
P/Tangible book 3.5x 2.5x 4.8x
EV/EBITDA 11.5x 5.1x 16.0x
EV/EBIT 15.7x 16.0x 29.0x
EV/Revenue 2.0x 1.5x 1.3x
EV/FCF 17.9x 7.5x 20.8x
EV/Operating cash flow 12.7x 7.9x 18.7x
PEG (3Y EPS CAGR) 0.45 1.25 -15.76

Growth

14 metrics
MetricBKREFXTFET
Revenue growth (1Y) 0.4% – 3.9%
Revenue CAGR (3Y) 6.0% 9.3% 3.7%
Gross profit growth (1Y) -0.9% – -5.0%
Gross profit CAGR (3Y) 5.8% 17.6% 4.5%
Operating income growth (1Y) 9.7% – 151.3%
Operating income CAGR (3Y) 23.9% 84.6% 8.0%
Net income growth (1Y) 1.3% – 98.6%
Net income CAGR (3Y) 39.1% 65.2% 37.3%
EPS growth (1Y) 1.0% -46.0% 98.5%
EPS CAGR (3Y) 39.9% 37.7% 40.2%
Operating cash flow growth (1Y) 29.7% – -33.5%
Operating cash flow CAGR (3Y) 16.4% 243.8% 145.5%
Free cash flow growth (1Y) 44.5% – -35.4%
Free cash flow CAGR (3Y) 21.8% 219.7% 178.4%

Profitability

14 metrics
MetricBKREFXTFET
Gross margin 23.7% 23.8% 28.0%
EBITDA margin 17.6% 29.5% 8.3%
Operating margin 12.9% 9.4% 4.6%
Pretax margin 12.7% 14.8% 2.5%
Net margin 11.2% 2.8% -0.2%
FCF margin 11.3% 20.1% 6.4%
Operating cash flow margin 16.0% 19.0% 7.1%
Return on equity 15.8% 10.3% -0.6%
Return on assets 6.0% 4.2% -0.2%
Return on invested capital 8.9% 8.8% 0.0%
Return on capital employed 9.7% 11.5% 7.0%
Asset turnover 0.5x 0.8x 1.1x
Cash conversion (OCF / net income) 1.4x 2.3x -37.5x
Stock comp / revenue 0.7% 1.3% 1.3%

Financial Health

11 metrics
MetricBKREFXTFET
Debt / assets 30.9% 18.9% 18.6%
Debt / equity 0.8x 0.5x 0.5x
Net debt / EBITDA 0.1x 0.7x 1.6x
Debt / FCF 5.2x 1.2x 2.7x
Liabilities / assets 61.8% 58.3% 62.4%
Equity / assets 38.2% 41.7% 37.6%
Interest coverage – 0.2x –
Current ratio 2.1x 1.2x 2.2x
Quick ratio 1.7x 0.6x 0.9x
Cash ratio 1.1x 0.1x 0.2x
Altman Z-score 2.10 2.26 1.40

Shareholder Returns

7 metrics
MetricBKREFXTFET
Dividend yield 1.6% 0.7% –
Net buyback yield – – 3.6%
Shareholder yield 1.6% 0.7% 3.6%
Payout ratio (earnings) 29.1% – –
Payout ratio (FCF) 29.1% – –
Dividend growth (1Y) 4.2% – –
Dividend CAGR (3Y) 6.4% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBKREFXTFET
Forward P/E 22.4xFY2026 18.5xFY2026 23.5xFY2026
EPS, next fiscal year $2.50FY2026 $1.27FY2026 $3.78FY2026
EPS growth, next FY -3.8%FY2026 +144.2%FY2026 +500.0%FY2026
EPS growth, the year after +12.0% +37.8% +37.8%
Revenue, next fiscal year $30.78BFY2026 $2.39BFY2026 $871.25MFY2026
Revenue growth, next FY +11.0%FY2026 -7.1%FY2026 +10.1%FY2026
Revenue growth, the year after -2.3% +7.6% +13.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBKREFXTFET
Held by institutions 97.2% 66.5% 86.6%
Institutions holding 1,148 167 161
Change in shares held, QoQ +5.2% -1.1% +10.7%
Institutions buying 576 85 102
Institutions selling 429 63 42
Buyers to sellers 1.34 1.35 2.43

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BKREFXTFET
BKR 1.00 0.38 0.48
EFXT 0.38 1.00 0.36
FET 0.48 0.36 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BKR, EFXT and FET?

Baker Hughes (BKR) is the largest by market capitalisation: Baker Hughes (BKR) $56.35B, Enerflex (EFXT) $2.91B, Forum Energy Technologies (FET) $1.02B.

Which stock is cheaper, BKR, EFXT and FET?

Baker Hughes (BKR) trades on the lowest price-to-earnings ratio (Baker Hughes (BKR) 18.2x, Enerflex (EFXT) 47.7x, Forum Energy Technologies (FET) -641.9x). On next year's consensus earnings, Enerflex (EFXT) is cheapest (Baker Hughes (BKR) 22.4x, Enerflex (EFXT) 18.5x, Forum Energy Technologies (FET) 23.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Forum Energy Technologies (FET) grew revenue fastest over the trailing twelve months: Baker Hughes (BKR) +0.4%, Forum Energy Technologies (FET) +3.9%.

Which company is more profitable?

Baker Hughes (BKR) has the highest net margin (Baker Hughes (BKR) 11.2%, Enerflex (EFXT) 2.8%, Forum Energy Technologies (FET) -0.2%). On return on invested capital, Baker Hughes (BKR) leads (Baker Hughes (BKR) 8.9%, Enerflex (EFXT) 8.8%, Forum Energy Technologies (FET) 0.0%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Baker Hughes (BKR) +18.4%, Enerflex (EFXT) +88.1%, Forum Energy Technologies (FET) +187.2%. Over five years, Forum Energy Technologies (FET) compounded fastest (Baker Hughes (BKR) +17.5%/yr, Enerflex (EFXT) +22.3%/yr, Forum Energy Technologies (FET) +31.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Baker Hughes (BKR) 0.02%, Enerflex (EFXT) 0.00%, Forum Energy Technologies (FET) 0.00%. Enerflex (EFXT) and Forum Energy Technologies (FET) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Baker Hughes (BKR) has been the steadiest (Baker Hughes (BKR) 33.2%, Enerflex (EFXT) 49.2%, Forum Energy Technologies (FET) 55.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BKR, EFXT and FET?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Baker Hughes (BKR) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.