BKR vs FLOC vs NGL Stock Comparison

Baker Hughes, Flowco Holdings and NGL Energy Partners Prices as of Oct 26, 2026 Peers: Industry group
BKR Baker Hughes Co
$56.01 -3.1% 1M +18.4% 1Y
Market cap
$56.89B
P/E
18.4x
Revenue (TTM)
$27.73B
Div. yield
0.02%
Oilfield Services Energy
4 wins
FLOC Flowco Holdings Inc.
$19.70 +2.8% 1M +25.2% 1Y
Market cap
$854.58M
P/E
17.2x
Revenue (TTM)
$819.54M
Div. yield
0.04%
Oilfield Equipment Energy
5 wins
NGL NGL Energy Partners LP
$15.95 +5.5% 1M +152.8% 1Y
Market cap
$1.96B
P/E
–
Revenue (TTM)
$3.52B
Div. yield
–
Oil and Gas Pipelines Energy
3 wins

Head to Head

12 decided of 12

Flowco Holdings leads on 5 of the 12 questions below (Flowco Holdings 5, Baker Hughes 4, NGL Energy Partners 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBKRFLOCNGLLeader
Larger companyMarket capitalisation $56.89B $854.58M $1.96B BKR
Cheaper on earningsLower P/E, profitable companies only 18.4x 17.2x -5.6x FLOC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.1x 12.9x 12.3x NGL
Faster revenue growthRevenue growth, trailing twelve months +0.4% +7.7% +5.8% FLOC
More profitableNet margin, trailing twelve months 11.2% 6.1% -9.9% BKR
Better return on capitalReturn on invested capital 8.9% 23.0% 4.8% FLOC
Less leveragedLower net debt / EBITDA 0.1x 0.9x 8.0x BKR
Higher dividend yieldTrailing dividend yield 0.02% 0.04% 0.00% FLOC
Better 1-year returnPrice return, last 12 months +18.4% +25.2% +152.8% NGL
Better 5-year returnAnnualised price return, 5 years +17.5%/yr — +46.6%/yr NGL
Less volatileAnnualised volatility, 1 year 33.2% 45.7% 51.5% BKR
Higher overall scoreMean of the five percentile scores vs peers 55/100 67/100 36/100 FLOC

Percentile Scorecard

BKRFLOCNGL

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

AxisBKRFLOCNGL
Valuation 44 #27 of 47 72 #14 of 47 53 #17 of 35
Growth 67 #15 of 44 74 #12 of 44 6 #32 of 34
Profitability 75 #11 of 41 95 #3 of 41 12 #30 of 34
Financial Health 49 #24 of 46 40 #28 of 46 9 #32 of 35
Shareholder Returns 42 #19 of 32 52 #16 of 32 100 #1 of 31
Overall 55 67 36
  • BKR ranked among 48 companies in Oilfield Services and Equipment
  • FLOC ranked among 48 companies in Oilfield Services and Equipment
  • NGL ranked among 35 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodBKRFLOCNGLSPY
1 month -3.1%+2.8%+5.5% -0.8%
3 months -7.6%+3.2%+6.2% +3.5%
6 months -18.1%-17.7%+10.2% +7.0%
Year to date +23.0%+5.1%+59.5% +12.2%
1 year +18.4%+25.2%+152.8% +13.0%
3 years +60.9%—+285.3% +86.3%
3 years, per year +17.2%—+56.8% +23.1%
5 years +124.0%—+575.8% +68.6%
5 years, per year +17.5%—+46.6% +11.0%
10 years ——-16.3% +258.0%
10 years, per year ——-1.8% +13.6%

Risk

MeasureBKRFLOCNGLSPY
Volatility, 1Y 33.2%45.7%51.5% 12.7%
Downside volatility, 1Y 34.2%49.2%43.1% 12.7%
Beta vs S&P 500, 1Y 0.680.810.36 1.00
Return / volatility, 1Y 0.550.552.97 1.02
Max drawdown, 5Y -47.2%-52.9%-61.5% -25.4%
From 52-week high -19.6%-29.9%-16.0% -1.8%
52-week high $69.67$28.09$18.98 $779.14
52-week low $44.47$15.61$6.35 $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.

MultipleBKRFLOCNGL
P/E now vs peer median 17.9xmedian 25.5x 17.0xmedian 25.5x -5.7xmedian 21.0x
P/S now vs peer median 2.0xmedian 1.2x 2.2xmedian 1.2x 0.6xmedian 2.7x
EV/EBITDA now vs peer median 11.5xmedian 8.6x 6.4xmedian 8.6x 12.9xmedian 11.0x
P/FCF now vs peer median 17.8xmedian 14.7x 13.1xmedian 14.7x 19.5xmedian 16.6x
P/B now vs peer median 2.8xmedian 1.6x 4.9xmedian 1.6x -8.4xmedian 2.6x
PEG now vs peer median 0.45median 0.41 —median 0.41 0.09median 1.92

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 monthsBKRFLOCNGL
Revenue $27.73B $819.54M $3.52B
Gross profit $6.58B $186.03M $1.04B
Operating income $3.59B $154.08M $142.60M
Net income $3.12B $135.66M -$131.86M
Free cash flow $3.13B $136.24M $101.88M
R&D $569.00M – –
EPS (diluted) $3.11 $1.13 $-2.73
Cash & equivalents $15.73B $19.19M $5.07M
Total debt $16.25B $298.41M $3.28B
Shares (diluted) 997.00M 43.97M 128.09M
Enterprise value $19.99B $806.30M $1.93B

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
MetricBKRFLOCNGL
P/E 17.9x 17.0x -5.7x
P/FCF 17.8x 13.1x 19.5x
P/Operating cash flow 12.5x 5.2x 4.9x
P/S 2.0x 2.2x 0.6x
P/B 2.8x 4.9x -8.4x
P/Tangible book 3.5x 30.3x -1.9x
EV/EBITDA 11.5x 6.4x 12.9x
EV/EBIT 15.7x 13.4x 36.9x
EV/Revenue 2.0x 2.5x 1.5x
EV/FCF 17.9x 15.1x 51.6x
EV/Operating cash flow 12.7x 6.0x 12.8x
PEG (3Y EPS CAGR) 0.45 – 0.09

Growth

14 metrics
MetricBKRFLOCNGL
Revenue growth (1Y) 0.4% 7.7% 5.8%
Revenue CAGR (3Y) 6.0% – -4.9%
Gross profit growth (1Y) -0.9% 18.1% 6.0%
Gross profit CAGR (3Y) 5.8% – 2.3%
Operating income growth (1Y) 9.7% 10.6% -58.6%
Operating income CAGR (3Y) 23.9% – -14.6%
Net income growth (1Y) 1.3% 39.3% -228.9%
Net income CAGR (3Y) 39.1% – -67.4%
EPS growth (1Y) 1.0% -45.8% -560.3%
EPS CAGR (3Y) 39.9% – -63.2%
Operating cash flow growth (1Y) 29.7% 35.3% 8.1%
Operating cash flow CAGR (3Y) 16.4% – -6.3%
Free cash flow growth (1Y) 44.5% 13.2% -39.9%
Free cash flow CAGR (3Y) 21.8% – -34.1%

Profitability

14 metrics
MetricBKRFLOCNGL
Gross margin 23.7% 22.7% 29.5%
EBITDA margin 17.6% 39.5% 11.6%
Operating margin 12.9% 18.8% 4.0%
Pretax margin 12.7% 16.7% -3.7%
Net margin 11.2% 6.1% -9.9%
FCF margin 11.3% 16.6% 2.9%
Operating cash flow margin 16.0% 41.9% 11.6%
Return on equity 15.8% 38.7% –
Return on assets 6.0% 7.1% -3.1%
Return on invested capital 8.9% 23.0% 4.8%
Return on capital employed 9.7% 8.7% 4.0%
Asset turnover 0.5x 0.4x 0.8x
Cash conversion (OCF / net income) 1.4x 2.5x -3.1x
Stock comp / revenue 0.7% 1.1% 0.1%

Financial Health

11 metrics
MetricBKRFLOCNGL
Debt / assets 30.9% 15.5% 78.4%
Debt / equity 0.8x 0.8x -13.8x
Net debt / EBITDA 0.1x 0.9x 8.0x
Debt / FCF 5.2x 2.2x 32.2x
Liabilities / assets 61.8% 81.0% 105.7%
Equity / assets 38.2% 19.0% -5.7%
Interest coverage – 9.0x 0.6x
Current ratio 2.1x 2.7x 1.1x
Quick ratio 1.7x 1.2x 1.0x
Cash ratio 1.1x 0.1x 0.0x
Altman Z-score 2.10 1.54 –

Shareholder Returns

7 metrics
MetricBKRFLOCNGL
Dividend yield 1.6% 2.4% –
Net buyback yield – 1.8% 18.2%
Shareholder yield 1.6% 4.2% 18.2%
Payout ratio (earnings) 29.1% 25.7% –
Payout ratio (FCF) 29.1% 25.5% –
Dividend growth (1Y) 4.2% -84.1% –
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.

ConsensusBKRFLOCNGL
Forward P/E 22.1xFY2026 12.9xFY2026 12.3xFY2026
EPS, next fiscal year $2.54FY2026 $1.53FY2026 $1.30FY2026
EPS growth, next FY -2.3%FY2026 +7.0%FY2026 –
EPS growth, the year after +10.6% +2.6% +31.5%
Revenue, next fiscal year $30.90BFY2026 $892.01MFY2026 $3.82BFY2026
Revenue growth, next FY +11.4%FY2026 +17.4%FY2026 +21.0%FY2026
Revenue growth, the year after -1.5% +26.5% -6.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBKRFLOCNGL
Held by institutions 97.2% 97.3% 60.3%
Institutions holding 1,148 151 88
Change in shares held, QoQ +5.2% +19.3% +3.5%
Institutions buying 576 102 25
Institutions selling 429 33 29
Buyers to sellers 1.34 3.09 0.86

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.

BKRFLOCNGL
BKR 1.00 0.34 0.22
FLOC 0.34 1.00 0.31
NGL 0.22 0.31 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BKR, FLOC and NGL?

Baker Hughes (BKR) is the largest by market capitalisation: Baker Hughes (BKR) $56.89B, Flowco Holdings (FLOC) $854.58M, NGL Energy Partners (NGL) $1.96B.

Which stock is cheaper, BKR, FLOC and NGL?

Flowco Holdings (FLOC) trades on the lowest price-to-earnings ratio (Baker Hughes (BKR) 18.4x, Flowco Holdings (FLOC) 17.2x, NGL Energy Partners (NGL) -5.6x). On next year's consensus earnings, NGL Energy Partners (NGL) is cheapest (Baker Hughes (BKR) 22.1x, Flowco Holdings (FLOC) 12.9x, NGL Energy Partners (NGL) 12.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Flowco Holdings (FLOC) grew revenue fastest over the trailing twelve months: Baker Hughes (BKR) +0.4%, Flowco Holdings (FLOC) +7.7%, NGL Energy Partners (NGL) +5.8%.

Which company is more profitable?

Baker Hughes (BKR) has the highest net margin (Baker Hughes (BKR) 11.2%, Flowco Holdings (FLOC) 6.1%, NGL Energy Partners (NGL) -9.9%). On return on invested capital, Flowco Holdings (FLOC) leads (Baker Hughes (BKR) 8.9%, Flowco Holdings (FLOC) 23.0%, NGL Energy Partners (NGL) 4.8%).

Which stock has performed better?

Over the past year NGL Energy Partners (NGL) returned the most: Baker Hughes (BKR) +18.4%, Flowco Holdings (FLOC) +25.2%, NGL Energy Partners (NGL) +152.8%. Over five years, NGL Energy Partners (NGL) compounded fastest (Baker Hughes (BKR) +17.5%/yr, NGL Energy Partners (NGL) +46.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Flowco Holdings (FLOC) has the highest dividend yield: Baker Hughes (BKR) 0.02%, Flowco Holdings (FLOC) 0.04%, NGL Energy Partners (NGL) 0.00%. NGL Energy Partners (NGL) 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%, Flowco Holdings (FLOC) 45.7%, NGL Energy Partners (NGL) 51.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BKR, FLOC and NGL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Flowco Holdings (FLOC) 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.