FET vs NESR vs OIS Stock Comparison

Forum Energy Technologies, National Energy Services Reunited and Oil States International Prices as of Oct 27, 2026 Peers: Industry group

Head to Head

10 decided of 12

National Energy Services Reunited leads on 6 of the 12 questions below (National Energy Services Reunited 6, Oil States International 2, Forum Energy Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFETNESROISLeader
Larger companyMarket capitalisation $1.03B $2.19B $535.96M NESR
Cheaper on earningsLower P/E, profitable companies only -647.5x 23.5x -4.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.8x 13.8x 15.6x NESR
Faster revenue growthRevenue growth, trailing twelve months +3.9% +23.5% -2.8% NESR
More profitableNet margin, trailing twelve months -0.2% 5.8% -16.8% NESR
Better return on capitalReturn on invested capital 0.0% 8.9% -15.2% NESR
Less leveragedLower net debt / EBITDA 1.6x 0.5x 0.0x OIS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +190.5% +68.5% +34.4% FET
Better 5-year returnAnnualised price return, 5 years +31.8%/yr +12.0%/yr +6.9%/yr FET
Less volatileAnnualised volatility, 1 year 55.1% 59.7% 53.0% OIS
Higher overall scoreMean of the five percentile scores vs peers 50/100 82/100 48/100 NESR

Percentile Scorecard

FETNESROIS

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

AxisFETNESROIS
Valuation 17 #39 of 47 87 #7 of 47 80 #10 of 47
Growth 76 #11 of 43 100 #1 of 43 5 #41 of 43
Profitability 28 #29 of 40 82 #8 of 40 5 #38 of 40
Financial Health 30 #32 of 45 59 #19 of 45 77 #11 of 45
Shareholder Returns 100 #1 of 32 – 74 #9 of 32
Overall 50 82 48
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • NESR ranked among 48 companies in Oilfield Services and Equipment
  • OIS 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

PeriodFETNESROISSPY
1 month +8.7%-34.1%+7.5% -0.2%
3 months +72.1%-17.2%+11.1% +3.9%
6 months +41.6%-15.4%-21.9% +8.2%
Year to date +143.7%+35.1%+31.5% +12.9%
1 year +190.5%+68.5%+34.4% +12.3%
3 years +312.1%+271.2%+11.4% +87.4%
3 years, per year +60.4%+54.9%+3.7% +23.3%
5 years +296.7%+76.2%+39.3% +67.9%
5 years, per year +31.8%+12.0%+6.9% +10.9%
10 years -76.7%—-71.5% +261.1%
10 years, per year -13.6%—-11.8% +13.7%

Risk

MeasureFETNESROISSPY
Volatility, 1Y 55.1%59.7%53.0% 12.7%
Downside volatility, 1Y 53.9%52.3%50.7% 12.7%
Beta vs S&P 500, 1Y 0.851.700.68 1.00
Return / volatility, 1Y 3.461.150.65 0.97
Max drawdown, 5Y -59.1%-79.4%-68.7% -25.4%
From 52-week high 0.0%-41.7%-38.2% -1.2%
52-week high $90.04$36.31$14.39 $779.14
52-week low $26.78$12.31$5.86 $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.

MultipleFETNESROIS
P/E now vs peer median -642.2xmedian 26.1x 22.9xmedian 26.1x -4.8xmedian 26.1x
P/S now vs peer median 1.2xmedian 1.3x 1.3xmedian 1.3x 0.8xmedian 1.3x
EV/EBITDA now vs peer median 16.2xmedian 8.8x 7.9xmedian 8.8x -10.4xmedian 8.8x
P/FCF now vs peer median 19.0xmedian 14.9x 13.7xmedian 14.9x 10.0xmedian 14.9x
P/B now vs peer median 3.5xmedian 1.7x 2.0xmedian 1.7x 0.9xmedian 1.7x
PEG now vs peer median -15.98median 0.49 0.49median 0.49 0.03median 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 monthsFETNESROIS
Revenue $833.35M $1.62B $645.67M
Gross profit $233.66M $216.51M $128.41M
Operating income $38.17M $151.16M -$92.90M
Net income -$1.58M $93.38M -$108.33M
Free cash flow $53.22M $156.33M $53.84M
EPS (diluted) $-0.13 $0.90 $-1.85
Cash & equivalents $33.72M $174.99M $19.80M
Total debt $143.71M $325.04M $17.78M
Shares (diluted) 11.77M 103.22M 58.63M
Enterprise value $887.46M $1.73B $320.20M

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
MetricFETNESROIS
P/E -642.2x 22.9x -4.8x
P/FCF 19.0x 13.7x 10.0x
P/Operating cash flow 17.1x 6.1x 7.4x
P/S 1.2x 1.3x 0.8x
P/B 3.5x 2.0x 0.9x
P/Tangible book 4.9x 2.1x 1.0x
EV/EBITDA 16.2x 7.9x -10.4x
EV/EBIT 29.4x 15.1x -5.8x
EV/Revenue 1.3x 1.4x 0.8x
EV/FCF 21.1x 14.6x 9.9x
EV/Operating cash flow 18.9x 6.5x 7.4x
PEG (3Y EPS CAGR) -15.98 0.49 0.03

Growth

14 metrics
MetricFETNESROIS
Revenue growth (1Y) 3.9% 23.5% -2.8%
Revenue CAGR (3Y) 3.7% 19.7% -5.8%
Gross profit growth (1Y) -5.0% 11.6% -16.6%
Gross profit CAGR (3Y) 4.5% 305.8% -8.7%
Operating income growth (1Y) 151.3% 19.0% -606.0%
Operating income CAGR (3Y) 8.0% 77.5% -94.1%
Net income growth (1Y) 98.6% 27.8% -1,697%
Net income CAGR (3Y) 37.3% 48.3% -151.9%
EPS growth (1Y) 98.5% 20.9% -1,711%
EPS CAGR (3Y) 40.2% 46.4% -157.5%
Operating cash flow growth (1Y) -33.5% 48.3% 1.9%
Operating cash flow CAGR (3Y) 145.5% – -3.8%
Free cash flow growth (1Y) -35.4% -12.4% 78.3%
Free cash flow CAGR (3Y) 178.4% – 2.2%

Profitability

14 metrics
MetricFETNESROIS
Gross margin 28.0% 13.4% 19.9%
EBITDA margin 8.3% 18.0% -8.0%
Operating margin 4.6% 9.3% -14.4%
Pretax margin 2.5% 7.2% -15.5%
Net margin -0.2% 5.8% -16.8%
FCF margin 6.4% 9.7% 8.3%
Operating cash flow margin 7.1% 21.6% 11.3%
Return on equity -0.6% 9.2% -18.8%
Return on assets -0.2% 4.6% -12.7%
Return on invested capital 0.0% 8.9% -15.2%
Return on capital employed 7.0% 12.5% -14.2%
Asset turnover 1.1x 0.8x 0.8x
Cash conversion (OCF / net income) -37.5x 3.7x -0.7x
Stock comp / revenue 1.3% 0.6% 1.3%

Financial Health

11 metrics
MetricFETNESROIS
Debt / assets 18.6% 15.5% 2.1%
Debt / equity 0.5x 0.3x 0.0x
Net debt / EBITDA 1.6x 0.5x 0.0x
Debt / FCF 2.7x 2.1x 0.3x
Liabilities / assets 62.4% 50.3% 30.7%
Equity / assets 37.6% 49.7% 69.3%
Interest coverage – 5.2x –
Current ratio 2.2x 1.0x 2.4x
Quick ratio 0.9x 0.7x 1.1x
Cash ratio 0.2x 0.2x 0.1x
Altman Z-score 1.41 2.32 2.32

Shareholder Returns

7 metrics
MetricFETNESROIS
Dividend yield – – –
Net buyback yield 3.5% – 1.8%
Shareholder yield 3.5% – 1.8%
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.

ConsensusFETNESROIS
Forward P/E 23.8xFY2026 13.8xFY2026 15.6xFY2026
EPS, next fiscal year $3.78FY2026 $1.53FY2026 $0.57FY2026
EPS growth, next FY +500.0%FY2026 +84.3%FY2026 +54.1%FY2026
EPS growth, the year after +37.8% +81.7% +33.3%
Revenue, next fiscal year $871.25MFY2026 $1.86BFY2026 $598.44MFY2026
Revenue growth, next FY +10.1%FY2026 +41.3%FY2026 -10.5%FY2026
Revenue growth, the year after +13.9% +29.2% +13.5%
FET estimates →NESR estimates →OIS estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETNESROIS
Held by institutions 86.6% 69.5% 88.3%
Institutions holding 161 224 196
Change in shares held, QoQ +10.7% +13.2% -1.4%
Institutions buying 102 143 99
Institutions selling 42 66 72
Buyers to sellers 2.43 2.17 1.38
FET holders →NESR holders →OIS holders →

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.

FETNESROIS
FET 1.00 0.43 0.71
NESR 0.43 1.00 0.37
OIS 0.71 0.37 1.00

Add a Peer

Largest companies in the same industry
FET · Oilfield Equipment
+FTITechnipFMC +NOVNov +WHDCactus +EFXTEnerflex +INVXInnovex International +FLOCFlowco Holdings +OMSEOMS Energy Technologies +LSELeishen Energy Holding
Plot all 41 Oilfield Equipment stocks → Plot all 54 Oilfield Services stocks →

Related Comparisons

FET vs FTITechnipFMC FET vs NOVNov FET vs WHDCactus FET vs EFXTEnerflex

Frequently Asked Questions

Which is bigger, FET, NESR and OIS?

National Energy Services Reunited (NESR) is the largest by market capitalisation: Forum Energy Technologies (FET) $1.03B, National Energy Services Reunited (NESR) $2.19B, Oil States International (OIS) $535.96M.

Which company is growing faster?

National Energy Services Reunited (NESR) grew revenue fastest over the trailing twelve months: Forum Energy Technologies (FET) +3.9%, National Energy Services Reunited (NESR) +23.5%, Oil States International (OIS) -2.8%.

Which company is more profitable?

National Energy Services Reunited (NESR) has the highest net margin (Forum Energy Technologies (FET) -0.2%, National Energy Services Reunited (NESR) 5.8%, Oil States International (OIS) -16.8%). On return on invested capital, National Energy Services Reunited (NESR) leads (Forum Energy Technologies (FET) 0.0%, National Energy Services Reunited (NESR) 8.9%, Oil States International (OIS) -15.2%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Forum Energy Technologies (FET) +190.5%, National Energy Services Reunited (NESR) +68.5%, Oil States International (OIS) +34.4%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +31.8%/yr, National Energy Services Reunited (NESR) +12.0%/yr, Oil States International (OIS) +6.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Oil States International (OIS) has been the steadiest (Forum Energy Technologies (FET) 55.1%, National Energy Services Reunited (NESR) 59.7%, Oil States International (OIS) 53.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FET, NESR and OIS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, National Energy Services Reunited (NESR) 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.