BKR vs FET vs KGS Stock Comparison

Baker Hughes, Forum Energy Technologies and Kodiak Gas Services Prices as of Oct 27, 2026 Peers: Industry group
BKR Baker Hughes Co
$59.00 +2.0% 1M +26.6% 1Y
Market cap
$54.38B
P/E
18.8x
Revenue (TTM)
$28.74B
Div. yield
–
Oilfield Services Energy
3 wins

Head to Head

11 decided of 12

Kodiak Gas Services leads on 4 of the 12 questions below (Kodiak Gas Services 4, Forum Energy Technologies 4, Baker Hughes 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBKRFETKGSLeader
Larger companyMarket capitalisation $54.38B $1.03B $4.59B BKR
Cheaper on earningsLower P/E, profitable companies only 18.8x -647.5x 57.1x BKR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.2x 23.8x 23.1x KGS
Faster revenue growthRevenue growth, trailing twelve months +3.7% +3.9% +8.2% KGS
More profitableNet margin, trailing twelve months — -0.2% 5.8% KGS
Better return on capitalReturn on invested capital — 0.0% 6.2% KGS
Less leveragedLower net debt / EBITDA — 1.6x 3.8x FET
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.04% –
Better 1-year returnPrice return, last 12 months +26.6% +190.5% +31.8% FET
Better 5-year returnAnnualised price return, 5 years +18.4%/yr +31.8%/yr — FET
Less volatileAnnualised volatility, 1 year 33.6% 55.1% 42.6% BKR
Higher overall scoreMean of the five percentile scores vs peers 46/100 50/100 45/100 FET

Percentile Scorecard

BKRFETKGS

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

AxisBKRFETKGS
Valuation 24 #36 of 47 17 #39 of 47 9 #43 of 47
Growth 64 #16 of 43 76 #11 of 43 69 #14 of 43
Profitability 62 #16 of 40 28 #29 of 40 74 #11 of 40
Financial Health – 30 #32 of 45 11 #40 of 45
Shareholder Returns 36 #21 of 32 100 #1 of 32 61 #13 of 32
Overall 46 50 45
  • BKR ranked among 48 companies in Oilfield Services and Equipment
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • KGS 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

PeriodBKRFETKGSSPY
1 month +2.0%+8.7%-10.4% -0.2%
3 months +0.9%+72.1%-16.1% +3.9%
6 months -12.8%+41.6%-28.9% +8.2%
Year to date +29.6%+143.7%+26.8% +12.9%
1 year +26.6%+190.5%+31.8% +12.3%
3 years +69.5%+312.1%+175.7% +87.4%
3 years, per year +19.2%+60.4%+40.3% +23.3%
5 years +132.6%+296.7%— +67.9%
5 years, per year +18.4%+31.8%— +10.9%
10 years —-76.7%— +261.1%
10 years, per year —-13.6%— +13.7%

Risk

MeasureBKRFETKGSSPY
Volatility, 1Y 33.6%55.1%42.6% 12.7%
Downside volatility, 1Y 34.2%53.9%47.3% 12.7%
Beta vs S&P 500, 1Y 0.700.850.83 1.00
Return / volatility, 1Y 0.793.460.75 0.97
Max drawdown, 5Y -47.2%-59.1%-42.2% -25.4%
From 52-week high -15.3%0.0%-37.8% -1.2%
52-week high $69.67$90.04$76.27 $779.14
52-week low $44.47$26.78$32.95 $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.

MultipleBKRFETKGS
P/E now vs peer median 20.2xmedian 26.1x -642.2xmedian 26.1x 56.3xmedian 26.1x
P/S now vs peer median 2.0xmedian 1.3x 1.2xmedian 1.3x 3.4xmedian 1.3x
EV/EBITDA now vs peer median —median 8.8x 16.2xmedian 8.8x 10.8xmedian 8.8x
P/FCF now vs peer median 17.7xmedian 14.9x 19.0xmedian 14.9x 955.6xmedian 14.9x
P/B now vs peer median 2.8xmedian 1.7x 3.5xmedian 1.7x 2.2xmedian 1.7x
PEG now vs peer median 0.98median 0.49 -15.98median 0.49 -21.87median 0.49

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 monthsBKRFETKGS
Revenue $28.74B $833.35M $1.39B
Gross profit – $233.66M $889.05M
Operating income – $38.17M $382.14M
Net income $2.93B -$1.58M $80.57M
Free cash flow – $53.22M $5.01M
R&D $573.00M – –
EPS (diluted) $2.91 $-0.13 $0.83
Cash & equivalents $4.07B $33.72M $137.55M
Total debt – $143.71M $2.72B
Shares (diluted) 997.00M 11.77M 96.81M
Enterprise value $54.38B $887.46M $4.35B

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
MetricBKRFETKGS
P/E 20.2x -642.2x 56.3x
P/FCF 17.7x 19.0x 955.6x
P/Operating cash flow 13.0x 17.1x 10.0x
P/S 2.0x 1.2x 3.4x
P/B 2.8x 3.5x 2.2x
P/Tangible book 5.4x 4.9x 2.4x
EV/EBITDA – 16.2x 10.8x
EV/EBIT – 29.4x 19.3x
EV/Revenue 2.0x 1.3x 5.3x
EV/FCF – 21.1x 1,472x
EV/Operating cash flow 13.0x 18.9x 15.4x
PEG (3Y EPS CAGR) 0.98 -15.98 -21.87

Growth

14 metrics
MetricBKRFETKGS
Revenue growth (1Y) 3.7% 3.9% 8.2%
Revenue CAGR (3Y) 5.4% 3.7% 22.6%
Gross profit growth (1Y) – -5.0% 11.8%
Gross profit CAGR (3Y) – 4.5% 24.1%
Operating income growth (1Y) – 151.3% 17.9%
Operating income CAGR (3Y) – 8.0% 17.1%
Net income growth (1Y) 0.0% 98.6% -4.5%
Net income CAGR (3Y) 19.9% 37.3% 15.0%
EPS growth (1Y) -0.3% 98.5% -10.3%
EPS CAGR (3Y) 20.6% 40.2% -2.6%
Operating cash flow growth (1Y) 35.2% -33.5% 7.2%
Operating cash flow CAGR (3Y) 14.2% 145.5% 31.6%
Free cash flow growth (1Y) – -35.4% -96.1%
Free cash flow CAGR (3Y) – 178.4% 22.3%

Profitability

14 metrics
MetricBKRFETKGS
Gross margin – 28.0% 63.8%
EBITDA margin – 8.3% 48.9%
Operating margin – 4.6% 27.4%
Pretax margin – 2.5% 8.1%
Net margin – -0.2% 5.8%
FCF margin – 6.4% 0.4%
Operating cash flow margin 15.7% 7.1% 34.4%
Return on equity 14.4% -0.6% 4.8%
Return on assets 5.2% -0.2% 1.6%
Return on invested capital – 0.0% 6.2%
Return on capital employed – 7.0% 8.2%
Asset turnover 0.5x 1.1x 0.3x
Cash conversion (OCF / net income) 1.5x -37.5x 5.9x
Stock comp / revenue 0.7% 1.3% 1.9%

Financial Health

11 metrics
MetricBKRFETKGS
Debt / assets – 18.6% 49.5%
Debt / equity – 0.5x 1.3x
Net debt / EBITDA – 1.6x 3.8x
Debt / FCF – 2.7x 543.4x
Liabilities / assets – 62.4% 60.7%
Equity / assets 34.8% 37.6% 39.3%
Interest coverage – – –
Current ratio 1.2x 2.2x 1.4x
Quick ratio – 0.9x 1.1x
Cash ratio – 0.2x 0.4x
Altman Z-score – 1.41 1.38

Shareholder Returns

7 metrics
MetricBKRFETKGS
Dividend yield 1.6% – 4.1%
Net buyback yield – 3.5% 1.8%
Shareholder yield 1.6% 3.5% 5.9%
Payout ratio (earnings) – – 217.9%
Payout ratio (FCF) – – 3,506%
Dividend growth (1Y) – – 18.6%
Dividend CAGR (3Y) – – 60.7%

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.

ConsensusBKRFETKGS
Forward P/E 23.2xFY2026 23.8xFY2026 23.1xFY2026
EPS, next fiscal year $2.54FY2026 $3.78FY2026 $2.05FY2026
EPS growth, next FY -2.3%FY2026 +500.0%FY2026 +130.3%FY2026
EPS growth, the year after +10.6% +37.8% +40.5%
Revenue, next fiscal year $30.90BFY2026 $871.25MFY2026 $1.59BFY2026
Revenue growth, next FY +11.4%FY2026 +10.1%FY2026 +21.6%FY2026
Revenue growth, the year after -1.5% +13.9% +5.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBKRFETKGS
Held by institutions 97.3% 86.6% 100.0%
Institutions holding 1,148 161 407
Change in shares held, QoQ +5.2% +10.7% +16.6%
Institutions buying 576 102 282
Institutions selling 429 42 86
Buyers to sellers 1.34 2.43 3.28

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.

BKRFETKGS
BKR 1.00 0.48 0.33
FET 0.48 1.00 0.32
KGS 0.33 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BKR, FET and KGS?

Baker Hughes (BKR) is the largest by market capitalisation: Baker Hughes (BKR) $54.38B, Forum Energy Technologies (FET) $1.03B, Kodiak Gas Services (KGS) $4.59B.

Which stock is cheaper, BKR, FET and KGS?

Baker Hughes (BKR) trades on the lowest price-to-earnings ratio (Baker Hughes (BKR) 18.8x, Forum Energy Technologies (FET) -647.5x, Kodiak Gas Services (KGS) 57.1x). On next year's consensus earnings, Kodiak Gas Services (KGS) is cheapest (Baker Hughes (BKR) 23.2x, Forum Energy Technologies (FET) 23.8x, Kodiak Gas Services (KGS) 23.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Kodiak Gas Services (KGS) grew revenue fastest over the trailing twelve months: Baker Hughes (BKR) +3.7%, Forum Energy Technologies (FET) +3.9%, Kodiak Gas Services (KGS) +8.2%.

Which company is more profitable?

Kodiak Gas Services (KGS) has the highest net margin (Forum Energy Technologies (FET) -0.2%, Kodiak Gas Services (KGS) 5.8%). On return on invested capital, Kodiak Gas Services (KGS) leads (Forum Energy Technologies (FET) 0.0%, Kodiak Gas Services (KGS) 6.2%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Baker Hughes (BKR) +26.6%, Forum Energy Technologies (FET) +190.5%, Kodiak Gas Services (KGS) +31.8%. Over five years, Forum Energy Technologies (FET) compounded fastest (Baker Hughes (BKR) +18.4%/yr, Forum Energy Technologies (FET) +31.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Baker Hughes (BKR) 0.00%, Forum Energy Technologies (FET) 0.00%, Kodiak Gas Services (KGS) 0.04%. Baker Hughes (BKR) 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) 33.6%, Forum Energy Technologies (FET) 55.1%, Kodiak Gas Services (KGS) 42.6%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Kodiak Gas Services (KGS) leads on 4. 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.