FET vs BKR vs WHD Stock Comparison

Forum Energy Technologies, Baker Hughes and Cactus 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
5 wins
WHD Cactus, Inc.
$65.55 +1.9% 1M +64.5% 1Y
Market cap
$4.56B
P/E
55.7x
Revenue (TTM)
$1.36B
Div. yield
0.87%
Oilfield Equipment Energy
3 wins

Head to Head

10 decided of 12

Baker Hughes leads on 5 of the 12 questions below (Baker Hughes 5, Cactus 3, Forum Energy Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFETBKRWHDLeader
Larger companyMarket capitalisation $1.01B $58.57B $4.56B BKR
Cheaper on earningsLower P/E, profitable companies only -642.2x 20.2x 55.7x BKR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.8x 23.2x 23.8x BKR
Faster revenue growthRevenue growth, trailing twelve months +3.9% +3.7% +21.8% WHD
More profitableNet margin, trailing twelve months -0.2% — 6.0% WHD
Better return on capitalReturn on invested capital 0.0% — — –
Less leveragedLower net debt / EBITDA 1.6x — — –
Higher dividend yieldTrailing dividend yield — 1.56% 0.87% BKR
Better 1-year returnPrice return, last 12 months +190.5% +26.6% +64.5% FET
Better 5-year returnAnnualised price return, 5 years +31.8%/yr +18.4%/yr +8.2%/yr FET
Less volatileAnnualised volatility, 1 year 55.1% 33.6% 42.2% BKR
Higher overall scoreMean of the five percentile scores vs peers 50/100 46/100 68/100 WHD

Percentile Scorecard

FETBKRWHD

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

AxisFETBKRWHD
Valuation 17 #39 of 47 24 #36 of 47 30 #33 of 47
Growth 76 #11 of 43 64 #16 of 43 67 #15 of 43
Profitability 28 #29 of 40 62 #16 of 40 90 #5 of 40
Financial Health 30 #32 of 45 – 89 #6 of 45
Shareholder Returns 100 #1 of 32 36 #21 of 32 65 #12 of 32
Overall 50 46 68
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • BKR ranked among 48 companies in Oilfield Services and Equipment
  • WHD 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

PeriodFETBKRWHDSPY
1 month +8.7%+2.0%+1.9% -0.2%
3 months +72.1%+0.9%+23.4% +3.9%
6 months +41.6%-12.8%+17.2% +8.2%
Year to date +143.7%+29.6%+43.5% +12.9%
1 year +190.5%+26.6%+64.5% +12.3%
3 years +312.1%+69.5%+39.3% +87.4%
3 years, per year +60.4%+19.2%+11.7% +23.3%
5 years +296.7%+132.6%+48.0% +67.9%
5 years, per year +31.8%+18.4%+8.2% +10.9%
10 years -76.7%—— +261.1%
10 years, per year -13.6%—— +13.7%

Risk

MeasureFETBKRWHDSPY
Volatility, 1Y 55.1%33.6%42.2% 12.7%
Downside volatility, 1Y 53.9%34.2%40.0% 12.7%
Beta vs S&P 500, 1Y 0.850.701.05 1.00
Return / volatility, 1Y 3.460.791.53 0.97
Max drawdown, 5Y -59.1%-47.2%-51.9% -25.4%
From 52-week high 0.0%-15.3%-11.1% -1.2%
52-week high $90.04$69.67$73.74 $779.14
52-week low $26.78$44.47$39.41 $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.

MultipleFETBKRWHD
P/E now vs peer median -642.2xmedian 26.1x 20.2xmedian 26.1x 55.7xmedian 26.1x
P/S now vs peer median 1.2xmedian 1.3x 2.0xmedian 1.3x 3.3xmedian 1.3x
EV/EBITDA now vs peer median 16.2xmedian 8.8x —median 8.8x 11.6xmedian 8.8x
P/FCF now vs peer median 19.0xmedian 14.9x 17.7xmedian 14.9x 14.1xmedian 14.9x
P/B now vs peer median 3.5xmedian 1.7x 2.8xmedian 1.7x 3.1xmedian 1.7x
PEG now vs peer median -15.98median 0.49 0.98median 0.49 -3.38median 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 monthsFETBKRWHD
Revenue $833.35M $28.74B $1.36B
Gross profit $233.66M – $452.98M
Operating income $38.17M – $254.17M
Net income -$1.58M $2.93B $200.09M
Free cash flow $53.22M – $323.97M
R&D – $573.00M –
EPS (diluted) $-0.13 $2.91 $1.17
Cash & equivalents $33.72M $4.07B $365.82M
Total debt $143.71M – –
Shares (diluted) 11.77M 997.00M 70.22M
Enterprise value $875.06M $58.57B $3.58B

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
MetricFETBKRWHD
P/E -642.2x 20.2x 55.7x
P/FCF 19.0x 17.7x 14.1x
P/Operating cash flow 17.1x 13.0x 12.4x
P/S 1.2x 2.0x 3.3x
P/B 3.5x 2.8x 3.1x
P/Tangible book 4.9x 5.4x 4.1x
EV/EBITDA 16.2x – 11.6x
EV/EBIT 29.4x – 16.5x
EV/Revenue 1.3x 2.0x 3.1x
EV/FCF 21.1x – 13.0x
EV/Operating cash flow 18.9x 13.0x 11.4x
PEG (3Y EPS CAGR) -15.98 0.98 -3.38

Growth

14 metrics
MetricFETBKRWHD
Revenue growth (1Y) 3.9% 3.7% 21.8%
Revenue CAGR (3Y) 3.7% 5.4% 14.6%
Gross profit growth (1Y) -5.0% – 6.6%
Gross profit CAGR (3Y) 4.5% – 12.0%
Operating income growth (1Y) 151.3% – -8.1%
Operating income CAGR (3Y) 8.0% – 8.7%
Net income growth (1Y) 98.6% 0.0% -10.3%
Net income CAGR (3Y) 37.3% 19.9% 6.2%
EPS growth (1Y) 98.5% -0.3% -55.7%
EPS CAGR (3Y) 40.2% 20.6% -16.5%
Operating cash flow growth (1Y) -33.5% 35.2% 32.8%
Operating cash flow CAGR (3Y) 145.5% 14.2% 15.5%
Free cash flow growth (1Y) -35.4% – 39.5%
Free cash flow CAGR (3Y) 178.4% – 17.5%

Profitability

14 metrics
MetricFETBKRWHD
Gross margin 28.0% – 33.2%
EBITDA margin 8.3% – 26.5%
Operating margin 4.6% – 18.6%
Pretax margin 2.5% – 19.1%
Net margin -0.2% – 6.0%
FCF margin 6.4% – 23.8%
Operating cash flow margin 7.1% 15.7% 26.9%
Return on equity -0.6% 14.4% 14.0%
Return on assets -0.2% 5.2% 7.9%
Return on invested capital 0.0% – –
Return on capital employed 7.0% – 12.5%
Asset turnover 1.1x 0.5x 0.5x
Cash conversion (OCF / net income) -37.5x 1.5x 1.8x
Stock comp / revenue 1.3% 0.7% 1.9%

Financial Health

11 metrics
MetricFETBKRWHD
Debt / assets 18.6% – –
Debt / equity 0.5x – –
Net debt / EBITDA 1.6x – –
Debt / FCF 2.7x – –
Liabilities / assets 62.4% – 43.4%
Equity / assets 37.6% 34.8% 56.6%
Interest coverage – – –
Current ratio 2.2x 1.2x 2.6x
Quick ratio 0.9x – 2.1x
Cash ratio 0.2x – 0.7x
Altman Z-score 1.41 – 4.01

Shareholder Returns

7 metrics
MetricFETBKRWHD
Dividend yield – 1.6% 0.9%
Net buyback yield 3.5% – 0.2%
Shareholder yield 3.5% 1.6% 1.1%
Payout ratio (earnings) – – 19.6%
Payout ratio (FCF) – – 12.1%
Dividend growth (1Y) – – 10.0%
Dividend CAGR (3Y) – – 12.1%

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.

ConsensusFETBKRWHD
Forward P/E 23.8xFY2026 23.2xFY2026 23.8xFY2026
EPS, next fiscal year $3.78FY2026 $2.54FY2026 $2.76FY2026
EPS growth, next FY +500.0%FY2026 -2.3%FY2026 +2.6%FY2026
EPS growth, the year after +37.8% +10.6% +35.9%
Revenue, next fiscal year $871.25MFY2026 $30.90BFY2026 $1.77BFY2026
Revenue growth, next FY +10.1%FY2026 +11.4%FY2026 +63.9%FY2026
Revenue growth, the year after +13.9% -1.5% -2.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETBKRWHD
Held by institutions 86.6% 97.3% 95.8%
Institutions holding 161 1,148 344
Change in shares held, QoQ +10.7% +5.2% +2.6%
Institutions buying 102 576 187
Institutions selling 42 429 104
Buyers to sellers 2.43 1.34 1.80

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.

FETBKRWHD
FET 1.00 0.48 0.40
BKR 0.48 1.00 0.49
WHD 0.40 0.49 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FET, BKR and WHD?

Baker Hughes (BKR) is the largest by market capitalisation: Forum Energy Technologies (FET) $1.01B, Baker Hughes (BKR) $58.57B, Cactus (WHD) $4.56B.

Which stock is cheaper, FET, BKR and WHD?

Baker Hughes (BKR) trades on the lowest price-to-earnings ratio (Forum Energy Technologies (FET) -642.2x, Baker Hughes (BKR) 20.2x, Cactus (WHD) 55.7x). On next year's consensus earnings, Baker Hughes (BKR) is cheapest (Forum Energy Technologies (FET) 23.8x, Baker Hughes (BKR) 23.2x, Cactus (WHD) 23.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cactus (WHD) grew revenue fastest over the trailing twelve months: Forum Energy Technologies (FET) +3.9%, Baker Hughes (BKR) +3.7%, Cactus (WHD) +21.8%.

Which company is more profitable?

Cactus (WHD) has the highest net margin (Forum Energy Technologies (FET) -0.2%, Cactus (WHD) 6.0%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Forum Energy Technologies (FET) +190.5%, Baker Hughes (BKR) +26.6%, Cactus (WHD) +64.5%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +31.8%/yr, Baker Hughes (BKR) +18.4%/yr, Cactus (WHD) +8.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Baker Hughes (BKR) has the highest dividend yield: Baker Hughes (BKR) 1.56%, Cactus (WHD) 0.87%. Forum Energy Technologies (FET) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Baker Hughes (BKR) has been the steadiest (Forum Energy Technologies (FET) 55.1%, Baker Hughes (BKR) 33.6%, Cactus (WHD) 42.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.