FET vs LSE vs INVX Stock Comparison

Forum Energy Technologies, Leishen Energy Holding and Innovex International Prices as of Oct 26, 2026 Peers: Industry group

Head to Head

10 decided of 12

Innovex International leads on 8 of the 12 questions below (Innovex International 8, Forum Energy Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFETLSEINVXLeader
Larger companyMarket capitalisation $1.02B $74.39M $2.15B INVX
Cheaper on earningsLower P/E, profitable companies only -641.6x — 34.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x — 18.4x INVX
Faster revenue growthRevenue growth, trailing twelve months +3.9% — +15.0% INVX
More profitableNet margin, trailing twelve months -0.2% — 6.2% INVX
Better return on capitalReturn on invested capital 0.0% — 5.8% INVX
Less leveragedLower net debt / EBITDA 1.6x — -1.2x INVX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +187.2% -20.9% +49.7% FET
Better 5-year returnAnnualised price return, 5 years +31.0%/yr — +5.5%/yr FET
Less volatileAnnualised volatility, 1 year 55.2% 85.1% 43.9% INVX
Higher overall scoreMean of the five percentile scores vs peers 49/100 — 63/100 INVX

Percentile Scorecard

FETLSEINVX

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

AxisFETLSEINVX
Valuation 17 #39 of 47 – 39 #29 of 47
Growth 77 #11 of 44 – 72 #13 of 44
Profitability 28 #30 of 41 – 68 #14 of 41
Financial Health 29 #33 of 46 91 #5 of 46 98 #2 of 46
Shareholder Returns 97 #2 of 32 – 39 #20 of 32
Overall 49 – 63
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • LSE ranked among 48 companies in Oilfield Services and Equipment
  • INVX 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

PeriodFETLSEINVXSPY
1 month +7.2%-10.8%+7.5% -0.8%
3 months +56.9%-15.7%+15.6% +3.5%
6 months +40.0%-17.2%+9.3% +7.0%
Year to date +140.3%-2.1%+40.2% +12.2%
1 year +187.2%-20.9%+49.7% +13.0%
3 years +306.4%—+34.6% +86.3%
3 years, per year +59.6%—+10.4% +23.1%
5 years +285.9%—+30.5% +68.6%
5 years, per year +31.0%—+5.5% +11.0%
10 years -77.6%—-40.9% +258.0%
10 years, per year -13.9%—-5.1% +13.6%

Risk

MeasureFETLSEINVXSPY
Volatility, 1Y 55.2%85.1%43.9% 12.7%
Downside volatility, 1Y 53.9%88.2%43.4% 12.7%
Beta vs S&P 500, 1Y 0.840.440.69 1.00
Return / volatility, 1Y 3.39-0.251.13 1.02
Max drawdown, 5Y -59.1%-74.4%-68.9% -25.4%
From 52-week high 0.0%-24.6%-3.4% -1.8%
52-week high $88.80$5.68$31.73 $779.14
52-week low $26.78$3.20$19.52 $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.

MultipleFETLSEINVX
P/E now vs peer median -633.3xmedian 25.5x —median 25.5x 34.3xmedian 25.5x
P/S now vs peer median 1.2xmedian 1.2x —median 1.2x 2.1xmedian 1.2x
EV/EBITDA now vs peer median 16.0xmedian 8.6x —median 8.6x 11.7xmedian 8.6x
P/FCF now vs peer median 18.8xmedian 14.7x —median 14.7x 17.0xmedian 14.7x
P/B now vs peer median 3.4xmedian 1.6x 1.6xmedian 1.6x 2.0xmedian 1.6x
PEG now vs peer median -15.76median 0.41 —median 0.41 -1.20median 0.41

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 monthsFETLSEINVX
Revenue $833.35M – $997.53M
Gross profit $233.66M – $323.21M
Operating income $38.17M – $100.03M
Net income -$1.58M – $61.56M
Free cash flow $53.22M – $124.23M
EPS (diluted) $-0.13 – $0.89
Cash & equivalents $33.72M $10.32M $222.06M
Total debt $143.71M $9.09M $25.08M
Shares (diluted) 11.77M 16.68M 69.52M
Enterprise value $878.09M -$29.24M $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
MetricFETLSEINVX
P/E -633.3x – 34.3x
P/FCF 18.8x – 17.0x
P/Operating cash flow 16.8x – 13.4x
P/S 1.2x – 2.1x
P/B 3.4x 1.6x 2.0x
P/Tangible book 4.8x 1.6x 2.2x
EV/EBITDA 16.0x – 11.7x
EV/EBIT 29.0x – 19.1x
EV/Revenue 1.3x – 1.9x
EV/FCF 20.8x – 15.4x
EV/Operating cash flow 18.7x – 12.2x
PEG (3Y EPS CAGR) -15.76 – -1.20

Growth

14 metrics
MetricFETLSEINVX
Revenue growth (1Y) 3.9% – 15.0%
Revenue CAGR (3Y) 3.7% – 28.5%
Gross profit growth (1Y) -5.0% – 13.1%
Gross profit CAGR (3Y) 4.5% – 25.4%
Operating income growth (1Y) 151.3% – 71.8%
Operating income CAGR (3Y) 8.0% – 2.8%
Net income growth (1Y) 98.6% – -57.4%
Net income CAGR (3Y) 37.3% – -9.7%
EPS growth (1Y) 98.5% – -57.6%
EPS CAGR (3Y) 40.2% – -28.5%
Operating cash flow growth (1Y) -33.5% – 6.1%
Operating cash flow CAGR (3Y) 145.5% – 98.2%
Free cash flow growth (1Y) -35.4% – -0.4%
Free cash flow CAGR (3Y) 178.4% – 65.5%

Profitability

14 metrics
MetricFETLSEINVX
Gross margin 28.0% – 32.4%
EBITDA margin 8.3% – 16.4%
Operating margin 4.6% – 10.0%
Pretax margin 2.5% – 9.9%
Net margin -0.2% – 6.2%
FCF margin 6.4% – 12.5%
Operating cash flow margin 7.1% – 15.8%
Return on equity -0.6% – 5.9%
Return on assets -0.2% – 4.7%
Return on invested capital 0.0% – 5.8%
Return on capital employed 7.0% – 8.7%
Asset turnover 1.1x – 0.8x
Cash conversion (OCF / net income) -37.5x – 2.6x
Stock comp / revenue 1.3% – 1.5%

Financial Health

11 metrics
MetricFETLSEINVX
Debt / assets 18.6% 4.1% 1.9%
Debt / equity 0.5x 0.1x 0.0x
Net debt / EBITDA 1.6x – -1.2x
Debt / FCF 2.7x – 0.2x
Liabilities / assets 62.4% 36.6% 20.3%
Equity / assets 37.6% 63.4% 79.7%
Interest coverage – – 344.9x
Current ratio 2.2x 2.4x 5.0x
Quick ratio 0.9x 2.4x 3.0x
Cash ratio 0.2x 1.1x 1.4x
Altman Z-score 1.40 – 6.57

Shareholder Returns

7 metrics
MetricFETLSEINVX
Dividend yield – – –
Net buyback yield 3.6% – 0.7%
Shareholder yield 3.6% 0.0% 0.7%
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.

ConsensusFETLSEINVX
Forward P/E 23.5xFY2026 – 18.4xFY2026
EPS, next fiscal year $3.78FY2026 – $1.67FY2026
EPS growth, next FY +500.0%FY2026 – +45.2%FY2026
EPS growth, the year after +37.8% – +13.2%
Revenue, next fiscal year $871.25MFY2026 – $1.08BFY2026
Revenue growth, next FY +10.1%FY2026 – +10.8%FY2026
Revenue growth, the year after +13.9% – +9.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETLSEINVX
Held by institutions 86.6% – 74.6%
Institutions holding 161 – 222
Change in shares held, QoQ +10.7% – +1.6%
Institutions buying 102 – 122
Institutions selling 42 – 68
Buyers to sellers 2.43 – 1.79

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.

FETLSEINVX
FET 1.00 0.10 0.58
LSE 0.10 1.00 0.12
INVX 0.58 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FET, LSE and INVX?

Innovex International (INVX) is the largest by market capitalisation: Forum Energy Technologies (FET) $1.02B, Leishen Energy Holding (LSE) $74.39M, Innovex International (INVX) $2.15B.

Which company is growing faster?

Innovex International (INVX) grew revenue fastest over the trailing twelve months: Forum Energy Technologies (FET) +3.9%, Innovex International (INVX) +15.0%.

Which company is more profitable?

Innovex International (INVX) has the highest net margin (Forum Energy Technologies (FET) -0.2%, Innovex International (INVX) 6.2%). On return on invested capital, Innovex International (INVX) leads (Forum Energy Technologies (FET) 0.0%, Innovex International (INVX) 5.8%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Forum Energy Technologies (FET) +187.2%, Leishen Energy Holding (LSE) -20.9%, Innovex International (INVX) +49.7%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +31.0%/yr, Innovex International (INVX) +5.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Innovex International (INVX) has been the steadiest (Forum Energy Technologies (FET) 55.2%, Leishen Energy Holding (LSE) 85.1%, Innovex International (INVX) 43.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FET, LSE and INVX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Innovex International (INVX) leads on 8. 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.