FET vs FLS vs LUD Stock Comparison

Forum Energy Technologies, Flowserve and Luda Technology Prices as of Oct 26, 2026 Peers: Industry group
FLS Flowserve Corp
$69.54 -5.8% 1M +30.2% 1Y
Market cap
$9.05B
P/E
24.4x
Revenue (TTM)
$4.63B
Div. yield
–
Pumps and Valves Industrials
7 wins

Head to Head

11 decided of 12

Flowserve leads on 7 of the 12 questions below (Flowserve 7, Forum Energy Technologies 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFETFLSLUDLeader
Larger companyMarket capitalisation $1.02B $9.05B $86.19M FLS
Cheaper on earningsLower P/E, profitable companies only -641.6x 24.4x 155.0x FLS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 16.0x — FLS
Faster revenue growthRevenue growth, trailing twelve months +3.9% -0.3% — FET
More profitableNet margin, trailing twelve months -0.2% 8.0% — FLS
Better return on capitalReturn on invested capital 0.0% 6.6% — FLS
Less leveragedLower net debt / EBITDA 1.6x 2.9x — FET
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +187.2% +30.2% -56.0% FET
Better 5-year returnAnnualised price return, 5 years +31.0%/yr +14.1%/yr — FET
Less volatileAnnualised volatility, 1 year 55.2% 48.9% 144.4% FLS
Higher overall scoreMean of the five percentile scores vs peers 49/100 58/100 — FLS

Percentile Scorecard

FETFLSLUD

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

AxisFETFLSLUD
Valuation 17 #39 of 47 50 #102 of 203 18 #166 of 203
Growth 77 #11 of 44 69 #58 of 187 –
Profitability 28 #30 of 41 54 #86 of 185 –
Financial Health 29 #33 of 46 34 #146 of 219 40 #132 of 219
Shareholder Returns 97 #2 of 32 85 #24 of 153 –
Overall 49 58 –
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • FLS ranked among 222 companies in Machinery
  • LUD ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodFETFLSLUDSPY
1 month +7.2%-5.8%-3.0% -0.8%
3 months +56.9%-4.3%-10.8% +3.5%
6 months +40.0%-20.9%-28.8% +7.0%
Year to date +140.3%+0.2%-39.6% +12.2%
1 year +187.2%+30.2%-56.0% +13.0%
3 years +306.4%+94.0%— +86.3%
3 years, per year +59.6%+24.7%— +23.1%
5 years +285.9%+93.1%— +68.6%
5 years, per year +31.0%+14.1%— +11.0%
10 years -77.6%+58.9%— +258.0%
10 years, per year -13.9%+4.7%— +13.6%

Risk

MeasureFETFLSLUDSPY
Volatility, 1Y 55.2%48.9%144.4% 12.7%
Downside volatility, 1Y 53.9%42.0%142.1% 12.7%
Beta vs S&P 500, 1Y 0.841.761.23 1.00
Return / volatility, 1Y 3.390.62-0.39 1.02
Max drawdown, 5Y -59.1%-39.0%-83.8% -25.4%
From 52-week high 0.0%-24.4%-67.3% -1.8%
52-week high $88.80$92.04$11.85 $779.14
52-week low $26.78$52.66$3.20 $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.

MultipleFETFLSLUD
P/E now vs peer median -633.3xmedian 25.5x 23.9xmedian 26.0x 155.0xmedian 26.0x
P/S now vs peer median 1.2xmedian 1.2x 1.9xmedian 1.9x 2.6xmedian 1.9x
EV/EBITDA now vs peer median 16.0xmedian 8.6x 21.0xmedian 14.0x —median 14.0x
P/FCF now vs peer median 18.8xmedian 14.7x 21.5xmedian 21.4x -40.6xmedian 21.4x
P/B now vs peer median 3.4xmedian 1.6x 3.8xmedian 2.2x 4.0xmedian 2.2x
PEG now vs peer median -15.76median 0.41 1.40median 1.26 —median 1.26

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 monthsFETFLSLUD
Revenue $833.35M $4.63B –
Gross profit $233.66M $1.57B –
Operating income $38.17M $392.30M –
Net income -$1.58M $390.08M –
Free cash flow $53.22M $411.44M –
EPS (diluted) $-0.13 $2.89 –
Cash & equivalents $33.72M $731.01M $4.77M
Total debt $143.71M $2.14B $49.69M
Shares (diluted) 11.77M 128.36M 22.24M
Enterprise value $878.09M $5.93B $40.54M

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
MetricFETFLSLUD
P/E -633.3x 23.9x 155.0x
P/FCF 18.8x 21.5x -40.6x
P/Operating cash flow 16.8x 18.1x –
P/S 1.2x 1.9x 2.6x
P/B 3.4x 3.8x 4.0x
P/Tangible book 4.8x 4.5x 4.1x
EV/EBITDA 16.0x 21.0x –
EV/EBIT 29.0x 26.1x –
EV/Revenue 1.3x 2.2x –
EV/FCF 20.8x 24.9x –
EV/Operating cash flow 18.7x 21.0x –
PEG (3Y EPS CAGR) -15.76 1.40 –

Growth

14 metrics
MetricFETFLSLUD
Revenue growth (1Y) 3.9% -0.3% –
Revenue CAGR (3Y) 3.7% 5.3% –
Gross profit growth (1Y) -5.0% 4.3% –
Gross profit CAGR (3Y) 4.5% 10.8% –
Operating income growth (1Y) 151.3% -22.5% –
Operating income CAGR (3Y) 8.0% 11.5% –
Net income growth (1Y) 98.6% 24.0% –
Net income CAGR (3Y) 37.3% 15.9% –
EPS growth (1Y) 98.5% 30.5% –
EPS CAGR (3Y) 40.2% 17.1% –
Operating cash flow growth (1Y) -33.5% 1.6% –
Operating cash flow CAGR (3Y) 145.5% 81.4% –
Free cash flow growth (1Y) -35.4% 3.1% –
Free cash flow CAGR (3Y) 178.4% 348.1% –

Profitability

14 metrics
MetricFETFLSLUD
Gross margin 28.0% 33.9% –
EBITDA margin 8.3% 10.5% –
Operating margin 4.6% 8.5% –
Pretax margin 2.5% 11.9% –
Net margin -0.2% 8.0% –
FCF margin 6.4% 8.9% –
Operating cash flow margin 7.1% 10.5% –
Return on equity -0.6% 16.9% –
Return on assets -0.2% 6.5% –
Return on invested capital 0.0% 6.6% –
Return on capital employed 7.0% 8.6% –
Asset turnover 1.1x 0.8x –
Cash conversion (OCF / net income) -37.5x 1.3x –
Stock comp / revenue 1.3% 0.9% –

Financial Health

11 metrics
MetricFETFLSLUD
Debt / assets 18.6% 33.8% 25.8%
Debt / equity 0.5x 0.9x 0.6x
Net debt / EBITDA 1.6x 2.9x –
Debt / FCF 2.7x 5.2x –
Liabilities / assets 62.4% 63.2% 54.8%
Equity / assets 37.6% 36.8% 45.2%
Interest coverage – 4.6x –
Current ratio 2.2x 2.2x 1.6x
Quick ratio 0.9x 1.2x 1.0x
Cash ratio 0.2x 0.5x 0.4x
Altman Z-score 1.40 3.55 –

Shareholder Returns

7 metrics
MetricFETFLSLUD
Dividend yield – 1.3% –
Net buyback yield 3.6% 2.6% –
Shareholder yield 3.6% 3.8% –
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.

ConsensusFETFLSLUD
Forward P/E 23.5xFY2026 16.0xFY2026 –
EPS, next fiscal year $3.78FY2026 $4.34FY2026 –
EPS growth, next FY +500.0%FY2026 +19.2%FY2026 –
EPS growth, the year after +37.8% +12.0% –
Revenue, next fiscal year $871.25MFY2026 $4.72BFY2026 –
Revenue growth, next FY +10.1%FY2026 -0.1%FY2026 –
Revenue growth, the year after +13.9% +5.3% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETFLSLUD
Held by institutions 86.6% 100.0% –
Institutions holding 161 584 –
Change in shares held, QoQ +10.7% +14.6% –
Institutions buying 102 299 –
Institutions selling 42 201 –
Buyers to sellers 2.43 1.49 –

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.

FETFLSLUD
FET 1.00 0.19 -0.05
FLS 0.19 1.00 0.11
LUD -0.05 0.11 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FET, FLS and LUD?

Flowserve (FLS) is the largest by market capitalisation: Forum Energy Technologies (FET) $1.02B, Flowserve (FLS) $9.05B, Luda Technology (LUD) $86.19M.

Which stock is cheaper, FET, FLS and LUD?

Flowserve (FLS) trades on the lowest price-to-earnings ratio (Forum Energy Technologies (FET) -641.6x, Flowserve (FLS) 24.4x, Luda Technology (LUD) 155.0x). On next year's consensus earnings, Flowserve (FLS) is cheapest (Forum Energy Technologies (FET) 23.5x, Flowserve (FLS) 16.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Forum Energy Technologies (FET) grew revenue fastest over the trailing twelve months: Forum Energy Technologies (FET) +3.9%, Flowserve (FLS) -0.3%.

Which company is more profitable?

Flowserve (FLS) has the highest net margin (Forum Energy Technologies (FET) -0.2%, Flowserve (FLS) 8.0%). On return on invested capital, Flowserve (FLS) leads (Forum Energy Technologies (FET) 0.0%, Flowserve (FLS) 6.6%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Forum Energy Technologies (FET) +187.2%, Flowserve (FLS) +30.2%, Luda Technology (LUD) -56.0%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +31.0%/yr, Flowserve (FLS) +14.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Flowserve (FLS) has been the steadiest (Forum Energy Technologies (FET) 55.2%, Flowserve (FLS) 48.9%, Luda Technology (LUD) 144.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FET, FLS and LUD?

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 7. 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.