BKR vs FLS vs LBRT Stock Comparison

Baker Hughes, Flowserve and Liberty Energy Prices as of Oct 27, 2026 Peers: Industry group
BKR Baker Hughes Co
$59.00 +2.0% 1M +26.6% 1Y
Market cap
$58.57B
P/E
20.2x
Revenue (TTM)
$28.74B
Div. yield
1.56%
Oilfield Services Energy
4 wins
FLS Flowserve Corp
$70.89 -4.0% 1M +34.2% 1Y
Market cap
$9.01B
P/E
24.4x
Revenue (TTM)
$4.63B
Div. yield
1.23%
Pumps and Valves Industrials
5 wins
LBRT Liberty Energy Inc.
$16.94 -10.5% 1M +0.4% 1Y
Market cap
$2.76B
P/E
68.6x
Revenue (TTM)
$4.44B
Div. yield
2.13%
Oilfield Services Energy
3 wins

Head to Head

12 decided of 12

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

QuestionBKRFLSLBRTLeader
Larger companyMarket capitalisation $58.57B $9.01B $2.76B BKR
Cheaper on earningsLower P/E, profitable companies only 20.2x 24.4x 68.6x BKR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.2x 16.3x 80.7x FLS
Faster revenue growthRevenue growth, trailing twelve months +3.7% -0.3% +13.6% LBRT
More profitableNet margin, trailing twelve months — 8.0% 0.9% FLS
Better return on capitalReturn on invested capital — 6.6% 1.8% FLS
Less leveragedLower net debt / EBITDA — 2.9x 2.2x LBRT
Higher dividend yieldTrailing dividend yield 1.56% 1.23% 2.13% LBRT
Better 1-year returnPrice return, last 12 months +26.6% +34.2% +0.4% FLS
Better 5-year returnAnnualised price return, 5 years +18.4%/yr +16.6%/yr +4.2%/yr BKR
Less volatileAnnualised volatility, 1 year 33.6% 48.9% 60.2% BKR
Higher overall scoreMean of the five percentile scores vs peers 46/100 57/100 39/100 FLS

Percentile Scorecard

BKRFLSLBRT

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

AxisBKRFLSLBRT
Valuation 24 #36 of 47 49 #105 of 203 67 #16 of 47
Growth 64 #16 of 43 68 #61 of 188 7 #40 of 43
Profitability 62 #16 of 40 53 #87 of 183 36 #26 of 40
Financial Health – 34 #144 of 217 25 #34 of 45
Shareholder Returns 36 #21 of 32 83 #27 of 153 58 #14 of 32
Overall 46 57 39
  • BKR ranked among 48 companies in Oilfield Services and Equipment
  • FLS ranked among 222 companies in Machinery
  • LBRT 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

PeriodBKRFLSLBRTSPY
1 month +2.0%-4.0%-10.5% -0.2%
3 months +0.9%-3.5%-4.2% +3.9%
6 months -12.8%-16.7%-48.7% +8.2%
Year to date +29.6%+2.2%-8.2% +12.9%
1 year +26.6%+34.2%+0.4% +12.3%
3 years +69.5%+97.8%-13.6% +87.4%
3 years, per year +19.2%+25.5%-4.7% +23.3%
5 years +132.6%+115.2%+23.1% +67.9%
5 years, per year +18.4%+16.6%+4.2% +10.9%
10 years —+62.9%— +261.1%
10 years, per year —+5.0%— +13.7%

Risk

MeasureBKRFLSLBRTSPY
Volatility, 1Y 33.6%48.9%60.2% 12.7%
Downside volatility, 1Y 34.2%42.0%69.4% 12.7%
Beta vs S&P 500, 1Y 0.701.761.16 1.00
Return / volatility, 1Y 0.790.700.01 0.97
Max drawdown, 5Y -47.2%-39.0%-59.5% -25.4%
From 52-week high -15.3%-23.0%-50.1% -1.2%
52-week high $69.67$92.04$33.93 $779.14
52-week low $44.47$52.66$15.28 $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.

MultipleBKRFLSLBRT
P/E now vs peer median 20.2xmedian 26.1x 24.4xmedian 25.2x 68.6xmedian 26.1x
P/S now vs peer median 2.0xmedian 1.3x 1.9xmedian 1.9x 0.6xmedian 1.3x
EV/EBITDA now vs peer median —median 8.8x 21.4xmedian 14.0x 7.3xmedian 8.8x
P/FCF now vs peer median 17.7xmedian 14.9x 21.9xmedian 21.7x -4.2xmedian 14.9x
P/B now vs peer median 2.8xmedian 1.7x 3.9xmedian 2.3x 1.4xmedian 1.7x
PEG now vs peer median 0.98median 0.49 1.43median 1.32 -1.17median 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 monthsBKRFLSLBRT
Revenue $28.74B $4.63B $4.44B
Gross profit – $1.57B $800.93M
Operating income – $392.30M $74.18M
Net income $2.93B $390.08M $40.31M
Free cash flow – $411.44M -$652.46M
R&D $573.00M – –
EPS (diluted) $2.91 $2.89 $0.25
Cash & equivalents $4.07B $731.01M $119.00M
Total debt – $2.14B $1.29B
Shares (diluted) 997.00M 128.36M 163.19M
Enterprise value $58.57B $5.96B $1.36B

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
MetricBKRFLSLBRT
P/E 20.2x 24.4x 68.6x
P/FCF 17.7x 21.9x -4.2x
P/Operating cash flow 13.0x 18.5x 4.9x
P/S 2.0x 1.9x 0.6x
P/B 2.8x 3.9x 1.4x
P/Tangible book 5.4x 4.5x 1.4x
EV/EBITDA – 21.4x 7.3x
EV/EBIT – 26.5x 53.1x
EV/Revenue 2.0x 2.2x 0.9x
EV/FCF – 25.3x -6.0x
EV/Operating cash flow 13.0x 21.3x 7.0x
PEG (3Y EPS CAGR) 0.98 1.43 -1.17

Growth

14 metrics
MetricBKRFLSLBRT
Revenue growth (1Y) 3.7% -0.3% 13.6%
Revenue CAGR (3Y) 5.4% 5.3% -3.2%
Gross profit growth (1Y) – 4.3% -3.0%
Gross profit CAGR (3Y) – 10.8% -17.7%
Operating income growth (1Y) – -22.5% -4.6%
Operating income CAGR (3Y) – 11.5% -55.4%
Net income growth (1Y) 0.0% 24.0% -78.3%
Net income CAGR (3Y) 19.9% 15.9% -59.7%
EPS growth (1Y) -0.3% 30.5% -78.1%
EPS CAGR (3Y) 20.6% 17.1% -58.9%
Operating cash flow growth (1Y) 35.2% 1.6% -5.4%
Operating cash flow CAGR (3Y) 14.2% 81.4% -16.4%
Free cash flow growth (1Y) – 3.1% -30,346%
Free cash flow CAGR (3Y) – 348.1% -55.7%

Profitability

14 metrics
MetricBKRFLSLBRT
Gross margin – 33.9% 18.0%
EBITDA margin – 10.5% 12.1%
Operating margin – 8.5% 1.7%
Pretax margin – 11.9% 1.2%
Net margin – 8.0% 0.9%
FCF margin – 8.9% -14.7%
Operating cash flow margin 15.7% 10.5% 12.6%
Return on equity 14.4% 16.9% 2.1%
Return on assets 5.2% 6.5% 0.9%
Return on invested capital – 6.6% 1.8%
Return on capital employed – 8.6% 2.0%
Asset turnover 0.5x 0.8x 1.0x
Cash conversion (OCF / net income) 1.5x 1.3x 13.9x
Stock comp / revenue 0.7% 0.9% 0.8%

Financial Health

11 metrics
MetricBKRFLSLBRT
Debt / assets – 33.8% 28.7%
Debt / equity – 0.9x 0.7x
Net debt / EBITDA – 2.9x 2.2x
Debt / FCF – 5.2x -2.0x
Liabilities / assets – 63.2% 57.2%
Equity / assets 34.8% 36.8% 42.8%
Interest coverage – 4.6x 2.8x
Current ratio 1.2x 2.2x 1.3x
Quick ratio – 1.2x 1.0x
Cash ratio – 0.5x 0.1x
Altman Z-score – 3.58 2.10

Shareholder Returns

7 metrics
MetricBKRFLSLBRT
Dividend yield 1.6% 1.2% 2.1%
Net buyback yield – 2.5% –
Shareholder yield 1.6% 3.7% 2.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusBKRFLSLBRT
Forward P/E 23.2xFY2026 16.3xFY2026 80.7xFY2026
EPS, next fiscal year $2.54FY2026 $4.34FY2026 $0.21FY2026
EPS growth, next FY -2.3%FY2026 +19.2%FY2026 +40.0%FY2026
EPS growth, the year after +10.6% +12.0% -81.0%
Revenue, next fiscal year $30.90BFY2026 $4.72BFY2026 $4.69BFY2026
Revenue growth, next FY +11.4%FY2026 -0.1%FY2026 +16.9%FY2026
Revenue growth, the year after -1.5% +5.3% -2.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBKRFLSLBRT
Held by institutions 97.3% 100.0% 100.0%
Institutions holding 1,148 584 405
Change in shares held, QoQ +5.2% +14.6% +4.7%
Institutions buying 576 299 217
Institutions selling 429 201 142
Buyers to sellers 1.34 1.49 1.53

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.

BKRFLSLBRT
BKR 1.00 0.27 0.39
FLS 0.27 1.00 0.20
LBRT 0.39 0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BKR, FLS and LBRT?

Baker Hughes (BKR) is the largest by market capitalisation: Baker Hughes (BKR) $58.57B, Flowserve (FLS) $9.01B, Liberty Energy (LBRT) $2.76B.

Which stock is cheaper, BKR, FLS and LBRT?

Baker Hughes (BKR) trades on the lowest price-to-earnings ratio (Baker Hughes (BKR) 20.2x, Flowserve (FLS) 24.4x, Liberty Energy (LBRT) 68.6x). On next year's consensus earnings, Flowserve (FLS) is cheapest (Baker Hughes (BKR) 23.2x, Flowserve (FLS) 16.3x, Liberty Energy (LBRT) 80.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Liberty Energy (LBRT) grew revenue fastest over the trailing twelve months: Baker Hughes (BKR) +3.7%, Flowserve (FLS) -0.3%, Liberty Energy (LBRT) +13.6%.

Which company is more profitable?

Flowserve (FLS) has the highest net margin (Flowserve (FLS) 8.0%, Liberty Energy (LBRT) 0.9%). On return on invested capital, Flowserve (FLS) leads (Flowserve (FLS) 6.6%, Liberty Energy (LBRT) 1.8%).

Which stock has performed better?

Over the past year Flowserve (FLS) returned the most: Baker Hughes (BKR) +26.6%, Flowserve (FLS) +34.2%, Liberty Energy (LBRT) +0.4%. Over five years, Baker Hughes (BKR) compounded fastest (Baker Hughes (BKR) +18.4%/yr, Flowserve (FLS) +16.6%/yr, Liberty Energy (LBRT) +4.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Liberty Energy (LBRT) has the highest dividend yield: Baker Hughes (BKR) 1.56%, Flowserve (FLS) 1.23%, Liberty Energy (LBRT) 2.13%.

Which stock is riskier?

By one-year price volatility, Baker Hughes (BKR) has been the steadiest (Baker Hughes (BKR) 33.6%, Flowserve (FLS) 48.9%, Liberty Energy (LBRT) 60.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BKR, FLS and LBRT?

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