BKR vs FET vs USAC Stock Comparison

Baker Hughes, Forum Energy Technologies and USA Compression Partners Prices as of Nov 4, 2026 Peers: Industry group
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BKR Baker Hughes Co
$49.87 -13.1% 1M +8.5% 1Y
Market cap
$47.22B
P/E
16.3x
Revenue (TTM)
$28.74B
Div. yield
0.02%
Oilfield Services Energy
2 wins

Head to Head

12 decided of 12

Forum Energy Technologies leads on 5 of the 12 questions below (Forum Energy Technologies 5, USA Compression Partners 5, Baker Hughes 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBKRFETUSACLeader
Larger companyMarket capitalisation $47.22B $785.78M $3.57B BKR
Cheaper on earningsLower P/E, profitable companies only 16.3x 26.0x 22.5x BKR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.6x 19.5x 20.0x FET
Faster revenue growthRevenue growth, trailing twelve months +3.7% +10.6% +29.4% USAC
More profitableNet margin, trailing twelve months 10.1% 3.5% 12.4% USAC
Better return on capitalReturn on invested capital 8.3% 9.4% 10.4% USAC
Less leveragedLower net debt / EBITDA 2.9x 1.0x 4.2x FET
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.08% USAC
Better 1-year returnPrice return, last 12 months +8.5% +163.3% +12.7% FET
Better 5-year returnAnnualised price return, 5 years +15.0%/yr +27.0%/yr +9.0%/yr FET
Less volatileAnnualised volatility, 1 year 34.6% 52.5% 28.5% USAC
Higher overall scoreMean of the five percentile scores vs peers 42/100 63/100 56/100 FET

Percentile Scorecard

BKRFETUSAC

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

AxisBKRFETUSAC
Valuation 22 #37 of 47 41 #28 of 47 26 #35 of 47
Growth 67 #15 of 44 84 #8 of 44 88 #6 of 44
Profitability 68 #14 of 41 63 #16 of 41 100 #1 of 41
Financial Health 13 #40 of 46 36 #30 of 46 9 #42 of 46
Shareholder Returns 39 #20 of 32 94 #3 of 32 55 #15 of 32
Overall 42 63 56
  • BKR ranked among 48 companies in Oilfield Services and Equipment
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • USAC 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

PeriodBKRFETUSACSPY
1 month -13.1%-15.6%-2.9% -1.0%
3 months -19.1%-2.4%-3.7% -0.4%
6 months -25.2%+31.5%-8.2% +4.5%
Year to date +9.5%+99.4%+7.8% +12.4%
1 year +8.5%+163.3%+12.7% +13.6%
3 years +41.7%+212.5%-4.7% +76.4%
3 years, per year +12.3%+46.2%-1.6% +20.8%
5 years +101.1%+229.9%+53.8% +63.7%
5 years, per year +15.0%+27.0%+9.0% +10.4%
10 years —-78.5%+38.7% +267.7%
10 years, per year —-14.2%+3.3% +13.9%

Risk

MeasureBKRFETUSACSPY
Volatility, 1Y 34.6%52.5%28.5% 12.8%
Downside volatility, 1Y 36.1%48.2%29.2% 12.7%
Beta vs S&P 500, 1Y 0.570.870.06 1.00
Return / volatility, 1Y 0.243.110.45 1.06
Max drawdown, 5Y -47.2%-59.1%-25.3% -25.4%
From 52-week high -28.4%-19.0%-18.2% -1.6%
52-week high $69.67$90.92$30.30 $779.14
52-week low $44.47$27.99$21.99 $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.

MultipleBKRFETUSAC
P/E now vs peer median 17.1xmedian 23.0x 27.5xmedian 23.0x 22.6xmedian 23.0x
P/S now vs peer median 1.7xmedian 1.1x 1.0xmedian 1.1x 2.8xmedian 1.1x
EV/EBITDA now vs peer median 12.9xmedian 8.3x 9.9xmedian 8.3x 9.2xmedian 8.3x
P/FCF now vs peer median 15.3xmedian 15.0x 13.6xmedian 15.0x 13.2xmedian 15.0x
P/B now vs peer median 2.4xmedian 1.5x 2.7xmedian 1.5x 13.9xmedian 1.5x
PEG now vs peer median 0.83median 0.48 0.49median 0.48 0.24median 0.48

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 monthsBKRFETUSAC
Revenue $28.74B $873.93M $1.28B
Gross profit $6.83B $267.84M $821.63M
Operating income $3.43B $64.24M $370.54M
Net income $2.93B $30.20M $159.10M
Free cash flow $3.23B $62.05M $272.13M
R&D $573.00M – –
EPS (diluted) $2.90 $2.57 $1.09
Cash & equivalents $4.07B $35.17M $12.10M
Total debt $18.26B $127.68M $3.01B
Shares (diluted) 998.00M 11.77M 145.45M
Enterprise value $8.94B $644.75M $3.53B

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
MetricBKRFETUSAC
P/E 17.1x 27.5x 22.6x
P/FCF 15.3x 13.6x 13.2x
P/Operating cash flow 11.0x 12.3x 7.3x
P/S 1.7x 1.0x 2.8x
P/B 2.4x 2.7x 13.9x
P/Tangible book 4.6x 3.8x 40.1x
EV/EBITDA 12.9x 9.9x 9.2x
EV/EBIT 18.6x 14.6x 17.8x
EV/Revenue 2.2x 1.1x 5.1x
EV/FCF 19.7x 15.1x 24.2x
EV/Operating cash flow 14.1x 13.7x 13.5x
PEG (3Y EPS CAGR) 0.83 0.49 0.24

Growth

14 metrics
MetricBKRFETUSAC
Revenue growth (1Y) 3.7% 10.6% 29.4%
Revenue CAGR (3Y) 5.4% 5.5% 16.5%
Gross profit growth (1Y) 3.2% 21.5% 22.9%
Gross profit CAGR (3Y) 5.8% 9.4% 15.5%
Operating income growth (1Y) 3.8% 171.8% 21.7%
Operating income CAGR (3Y) 13.8% 31.5% 20.8%
Net income growth (1Y) 0.0% 126.2% 46.0%
Net income CAGR (3Y) 19.9% 59.0% 35.6%
EPS growth (1Y) -0.4% 126.0% 39.8%
EPS CAGR (3Y) 20.5% 55.9% 93.9%
Operating cash flow growth (1Y) 35.2% -20.8% 27.0%
Operating cash flow CAGR (3Y) 14.2% 78.7% 23.1%
Free cash flow growth (1Y) 54.5% -22.1% -6.3%
Free cash flow CAGR (3Y) 19.5% 153.9% 68.2%

Profitability

14 metrics
MetricBKRFETUSAC
Gross margin 23.8% 30.6% 64.0%
EBITDA margin 17.2% 10.8% 55.8%
Operating margin 11.9% 7.4% 28.9%
Pretax margin 11.2% 5.4% 13.6%
Net margin 10.1% 3.5% 12.4%
FCF margin 11.2% 7.1% 21.2%
Operating cash flow margin 15.7% 7.8% 38.1%
Return on equity 14.4% 9.9% 58.3%
Return on assets 5.2% 3.8% 4.3%
Return on invested capital 8.3% 9.4% 10.4%
Return on capital employed 8.9% 11.8% 10.7%
Asset turnover 0.5x 1.1x 0.3x
Cash conversion (OCF / net income) 1.5x 2.3x 3.1x
Stock comp / revenue 0.7% 1.2% 0.6%

Financial Health

11 metrics
MetricBKRFETUSAC
Debt / assets 30.9% 15.8% 80.9%
Debt / equity 0.9x 0.4x 11.6x
Net debt / EBITDA 2.9x 1.0x 4.2x
Debt / FCF 5.7x 2.1x 11.1x
Liabilities / assets 65.2% 60.6% 93.0%
Equity / assets 34.8% 39.4% 7.0%
Interest coverage – – 1.9x
Current ratio 1.2x 2.0x 1.5x
Quick ratio 0.8x 0.9x 0.8x
Cash ratio 0.2x 0.1x 0.1x
Altman Z-score 1.51 1.34 –

Shareholder Returns

7 metrics
MetricBKRFETUSAC
Dividend yield 1.4% – 8.5%
Net buyback yield – 2.7% –
Shareholder yield 1.4% 2.7% 8.5%
Payout ratio (earnings) 31.1% – 180.1%
Payout ratio (FCF) 28.2% – 105.3%
Dividend growth (1Y) 2.2% – 7.5%
Dividend CAGR (3Y) 5.5% – 3.6%

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.

ConsensusBKRFETUSAC
Forward P/E 19.6xFY2026 19.5xFY2026 20.0xFY2026
EPS, next fiscal year $2.54FY2026 $3.78FY2026 $1.24FY2026
EPS growth, next FY -2.3%FY2026 +500.0%FY2026 +45.9%FY2026
EPS growth, the year after +10.6% +37.8% +24.2%
Revenue, next fiscal year $30.90BFY2026 $871.25MFY2026 $1.46BFY2026
Revenue growth, next FY +11.4%FY2026 +10.1%FY2026 +46.4%FY2026
Revenue growth, the year after -1.5% +13.9% -3.9%
BKR estimates →FET estimates →USAC estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBKRFETUSAC
Held by institutions 97.3% 86.6% 37.0%
Institutions holding 1,151 161 130
Change in shares held, QoQ +5.2% +10.7% +0.4%
Institutions buying 578 102 63
Institutions selling 430 42 26
Buyers to sellers 1.34 2.43 2.42
BKR holders →FET holders →USAC holders →

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.

BKRFETUSAC
BKR 1.00 0.50 0.34
FET 0.50 1.00 0.24
USAC 0.34 0.24 1.00

Add a Peer

Largest companies in the same industry
BKR · Oilfield Services
+SLBSlb +HALHalliburton +WFRDWeatherford International +KGSKodiak Gas Services +TDWTidewater +WTTRSelect Water Solutions +NESRNational Energy Services Reunited +LBRTLiberty Energy
Plot all 54 Oilfield Services stocks → Plot all 41 Oilfield Equipment stocks →

Related Comparisons

BKR vs SLBSlb BKR vs HALHalliburton BKR vs WFRDWeatherford International BKR vs KGSKodiak Gas Services

Frequently Asked Questions

Which is bigger, BKR, FET and USAC?

Baker Hughes (BKR) is the largest by market capitalisation: Baker Hughes (BKR) $47.22B, Forum Energy Technologies (FET) $785.78M, USA Compression Partners (USAC) $3.57B.

Which stock is cheaper, BKR, FET and USAC?

Baker Hughes (BKR) trades on the lowest price-to-earnings ratio (Baker Hughes (BKR) 16.3x, Forum Energy Technologies (FET) 26.0x, USA Compression Partners (USAC) 22.5x). On next year's consensus earnings, Forum Energy Technologies (FET) is cheapest (Baker Hughes (BKR) 19.6x, Forum Energy Technologies (FET) 19.5x, USA Compression Partners (USAC) 20.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

USA Compression Partners (USAC) grew revenue fastest over the trailing twelve months: Baker Hughes (BKR) +3.7%, Forum Energy Technologies (FET) +10.6%, USA Compression Partners (USAC) +29.4%.

Which company is more profitable?

USA Compression Partners (USAC) has the highest net margin (Baker Hughes (BKR) 10.1%, Forum Energy Technologies (FET) 3.5%, USA Compression Partners (USAC) 12.4%). On return on invested capital, USA Compression Partners (USAC) leads (Baker Hughes (BKR) 8.3%, Forum Energy Technologies (FET) 9.4%, USA Compression Partners (USAC) 10.4%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Baker Hughes (BKR) +8.5%, Forum Energy Technologies (FET) +163.3%, USA Compression Partners (USAC) +12.7%. Over five years, Forum Energy Technologies (FET) compounded fastest (Baker Hughes (BKR) +15.0%/yr, Forum Energy Technologies (FET) +27.0%/yr, USA Compression Partners (USAC) +9.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

USA Compression Partners (USAC) has the highest dividend yield: Baker Hughes (BKR) 0.02%, Forum Energy Technologies (FET) 0.00%, USA Compression Partners (USAC) 0.08%. Forum Energy Technologies (FET) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, USA Compression Partners (USAC) has been the steadiest (Baker Hughes (BKR) 34.6%, Forum Energy Technologies (FET) 52.5%, USA Compression Partners (USAC) 28.5%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Forum Energy Technologies (FET) leads on 5. 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.