FET vs FLOC vs BKR Stock Comparison

Forum Energy Technologies, Flowco Holdings and Baker Hughes Prices as of Oct 26, 2026 Peers: Industry group
FLOC Flowco Holdings Inc.
$19.70 +2.8% 1M +25.2% 1Y
Market cap
$1.78B
P/E
17.0x
Revenue (TTM)
$819.54M
Div. yield
2.44%
Oilfield Equipment Energy
6 wins
BKR Baker Hughes Co
$56.01 -3.1% 1M +18.4% 1Y
Market cap
$55.60B
P/E
17.9x
Revenue (TTM)
$27.73B
Div. yield
1.64%
Oilfield Services Energy
4 wins

Head to Head

12 decided of 12

Flowco Holdings leads on 6 of the 12 questions below (Flowco Holdings 6, Baker Hughes 4, Forum Energy Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFETFLOCBKRLeader
Larger companyMarket capitalisation $998.67M $1.78B $55.60B BKR
Cheaper on earningsLower P/E, profitable companies only -633.3x 17.0x 17.9x FLOC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 12.9x 22.4x FLOC
Faster revenue growthRevenue growth, trailing twelve months +3.9% +7.7% +0.4% FLOC
More profitableNet margin, trailing twelve months -0.2% 6.1% 11.2% BKR
Better return on capitalReturn on invested capital 0.0% 23.0% 8.9% FLOC
Less leveragedLower net debt / EBITDA 1.6x 0.9x 0.1x BKR
Higher dividend yieldTrailing dividend yield — 2.44% 1.64% FLOC
Better 1-year returnPrice return, last 12 months +187.2% +25.2% +18.4% FET
Better 5-year returnAnnualised price return, 5 years +31.0%/yr — +17.5%/yr FET
Less volatileAnnualised volatility, 1 year 55.2% 45.7% 33.2% BKR
Higher overall scoreMean of the five percentile scores vs peers 46/100 69/100 50/100 FLOC

Percentile Scorecard

FETFLOCBKR

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

AxisFETFLOCBKR
Valuation 25 #13 of 17 56 #8 of 17 38 #11 of 17
Growth 69 #5 of 14 77 #4 of 14 54 #7 of 14
Profitability 20 #9 of 11 100 #1 of 11 70 #4 of 11
Financial Health 13 #14 of 16 27 #12 of 16 40 #10 of 16
Shareholder Returns 100 #1 of 8 86 #2 of 8 –
Overall 46 69 50
  • FET ranked among 18 companies in Oilfield Services and Equipment
  • FLOC ranked among 18 companies in Oilfield Services and Equipment
  • BKR ranked among 18 companies in Oilfield Services and Equipment

Price Performance

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

Returns

PeriodFETFLOCBKRSPY
1 month +7.2%+2.8%-3.1% -0.8%
3 months +56.9%+3.2%-7.6% +3.5%
6 months +40.0%-17.7%-18.1% +7.0%
Year to date +140.3%+5.1%+23.0% +12.2%
1 year +187.2%+25.2%+18.4% +13.0%
3 years +306.4%—+60.9% +86.3%
3 years, per year +59.6%—+17.2% +23.1%
5 years +285.9%—+124.0% +68.6%
5 years, per year +31.0%—+17.5% +11.0%
10 years -77.6%—— +258.0%
10 years, per year -13.9%—— +13.6%

Risk

MeasureFETFLOCBKRSPY
Volatility, 1Y 55.2%45.7%33.2% 12.7%
Downside volatility, 1Y 53.9%49.2%34.2% 12.7%
Beta vs S&P 500, 1Y 0.840.810.68 1.00
Return / volatility, 1Y 3.390.550.55 1.02
Max drawdown, 5Y -59.1%-52.9%-47.2% -25.4%
From 52-week high 0.0%-29.9%-19.6% -1.8%
52-week high $88.80$28.09$69.67 $779.14
52-week low $26.78$15.61$44.47 $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.

MultipleFETFLOCBKR
P/E now vs peer median -633.3xmedian 25.5x 17.0xmedian 25.5x 17.9xmedian 25.5x
P/S now vs peer median 1.2xmedian 1.1x 2.2xmedian 1.1x 2.0xmedian 1.1x
EV/EBITDA now vs peer median 16.0xmedian 7.0x 6.4xmedian 7.0x 11.5xmedian 7.0x
P/FCF now vs peer median 18.8xmedian 13.1x 13.1xmedian 13.1x 17.8xmedian 13.1x
P/B now vs peer median 3.4xmedian 1.7x 4.9xmedian 1.7x 2.8xmedian 1.7x
PEG now vs peer median -15.76median 0.47 —median 0.47 0.45median 0.47

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 monthsFETFLOCBKR
Revenue $833.35M $819.54M $27.73B
Gross profit $233.66M $186.03M $6.58B
Operating income $38.17M $154.08M $3.59B
Net income -$1.58M $135.66M $3.12B
Free cash flow $53.22M $136.24M $3.13B
R&D – – $569.00M
EPS (diluted) $-0.13 $1.13 $3.11
Cash & equivalents $33.72M $19.19M $15.73B
Total debt $143.71M $298.41M $16.25B
Shares (diluted) 11.77M 43.97M 997.00M
Enterprise value $861.11M $2.73B $18.88B

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
MetricFETFLOCBKR
P/E -633.3x 17.0x 17.9x
P/FCF 18.8x 13.1x 17.8x
P/Operating cash flow 16.8x 5.2x 12.5x
P/S 1.2x 2.2x 2.0x
P/B 3.4x 4.9x 2.8x
P/Tangible book 4.8x 30.3x 3.5x
EV/EBITDA 16.0x 6.4x 11.5x
EV/EBIT 29.0x 13.4x 15.7x
EV/Revenue 1.3x 2.5x 2.0x
EV/FCF 20.8x 15.1x 17.9x
EV/Operating cash flow 18.7x 6.0x 12.7x
PEG (3Y EPS CAGR) -15.76 – 0.45

Growth

14 metrics
MetricFETFLOCBKR
Revenue growth (1Y) 3.9% 7.7% 0.4%
Revenue CAGR (3Y) 3.7% – 6.0%
Gross profit growth (1Y) -5.0% 18.1% -0.9%
Gross profit CAGR (3Y) 4.5% – 5.8%
Operating income growth (1Y) 151.3% 10.6% 9.7%
Operating income CAGR (3Y) 8.0% – 23.9%
Net income growth (1Y) 98.6% 39.3% 1.3%
Net income CAGR (3Y) 37.3% – 39.1%
EPS growth (1Y) 98.5% -45.8% 1.0%
EPS CAGR (3Y) 40.2% – 39.9%
Operating cash flow growth (1Y) -33.5% 35.3% 29.7%
Operating cash flow CAGR (3Y) 145.5% – 16.4%
Free cash flow growth (1Y) -35.4% 13.2% 44.5%
Free cash flow CAGR (3Y) 178.4% – 21.8%

Profitability

14 metrics
MetricFETFLOCBKR
Gross margin 28.0% 22.7% 23.7%
EBITDA margin 8.3% 39.5% 17.6%
Operating margin 4.6% 18.8% 12.9%
Pretax margin 2.5% 16.7% 12.7%
Net margin -0.2% 6.1% 11.2%
FCF margin 6.4% 16.6% 11.3%
Operating cash flow margin 7.1% 41.9% 16.0%
Return on equity -0.6% 38.7% 15.8%
Return on assets -0.2% 7.1% 6.0%
Return on invested capital 0.0% 23.0% 8.9%
Return on capital employed 7.0% 8.7% 9.7%
Asset turnover 1.1x 0.4x 0.5x
Cash conversion (OCF / net income) -37.5x 2.5x 1.4x
Stock comp / revenue 1.3% 1.1% 0.7%

Financial Health

11 metrics
MetricFETFLOCBKR
Debt / assets 18.6% 15.5% 30.9%
Debt / equity 0.5x 0.8x 0.8x
Net debt / EBITDA 1.6x 0.9x 0.1x
Debt / FCF 2.7x 2.2x 5.2x
Liabilities / assets 62.4% 81.0% 61.8%
Equity / assets 37.6% 19.0% 38.2%
Interest coverage – 9.0x –
Current ratio 2.2x 2.7x 2.1x
Quick ratio 0.9x 1.2x 1.7x
Cash ratio 0.2x 0.1x 1.1x
Altman Z-score 1.40 1.54 2.10

Shareholder Returns

7 metrics
MetricFETFLOCBKR
Dividend yield – 2.4% 1.6%
Net buyback yield 3.6% 1.8% –
Shareholder yield 3.6% 4.2% 1.6%
Payout ratio (earnings) – 25.7% 29.1%
Payout ratio (FCF) – 25.5% 29.1%
Dividend growth (1Y) – -84.1% 4.2%
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.

ConsensusFETFLOCBKR
Forward P/E 23.5xFY2026 12.9xFY2026 22.4xFY2026
EPS, next fiscal year $3.78FY2026 $1.53FY2026 $2.50FY2026
EPS growth, next FY +500.0%FY2026 +7.0%FY2026 -3.8%FY2026
EPS growth, the year after +37.8% +2.6% +12.0%
Revenue, next fiscal year $871.25MFY2026 $892.01MFY2026 $30.78BFY2026
Revenue growth, next FY +10.1%FY2026 +17.4%FY2026 +11.0%FY2026
Revenue growth, the year after +13.9% +26.5% -2.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETFLOCBKR
Held by institutions 86.6% 97.3% 97.2%
Institutions holding 161 151 1,148
Change in shares held, QoQ +10.7% +19.3% +5.2%
Institutions buying 102 102 576
Institutions selling 42 33 429
Buyers to sellers 2.43 3.09 1.34

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.

FETFLOCBKR
FET 1.00 0.36 0.48
FLOC 0.36 1.00 0.34
BKR 0.48 0.34 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FET, FLOC and BKR?

Baker Hughes (BKR) is the largest by market capitalisation: Forum Energy Technologies (FET) $998.67M, Flowco Holdings (FLOC) $1.78B, Baker Hughes (BKR) $55.60B.

Which stock is cheaper, FET, FLOC and BKR?

Flowco Holdings (FLOC) trades on the lowest price-to-earnings ratio (Forum Energy Technologies (FET) -633.3x, Flowco Holdings (FLOC) 17.0x, Baker Hughes (BKR) 17.9x). On next year's consensus earnings, Flowco Holdings (FLOC) is cheapest (Forum Energy Technologies (FET) 23.5x, Flowco Holdings (FLOC) 12.9x, Baker Hughes (BKR) 22.4x). 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: Forum Energy Technologies (FET) +3.9%, Flowco Holdings (FLOC) +7.7%, Baker Hughes (BKR) +0.4%.

Which company is more profitable?

Baker Hughes (BKR) has the highest net margin (Forum Energy Technologies (FET) -0.2%, Flowco Holdings (FLOC) 6.1%, Baker Hughes (BKR) 11.2%). On return on invested capital, Flowco Holdings (FLOC) leads (Forum Energy Technologies (FET) 0.0%, Flowco Holdings (FLOC) 23.0%, Baker Hughes (BKR) 8.9%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Forum Energy Technologies (FET) +187.2%, Flowco Holdings (FLOC) +25.2%, Baker Hughes (BKR) +18.4%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +31.0%/yr, Baker Hughes (BKR) +17.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Flowco Holdings (FLOC) has the highest dividend yield: Flowco Holdings (FLOC) 2.44%, Baker Hughes (BKR) 1.64%. 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) 55.2%, Flowco Holdings (FLOC) 45.7%, Baker Hughes (BKR) 33.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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 6. 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.