FET vs NOV vs EFXT Stock Comparison

Forum Energy Technologies, Nov and Enerflex Prices as of Oct 29, 2026 Peers: Industry group
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NOV NOV Inc.
$19.33 +1.8% 1M +26.3% 1Y
Market cap
$6.85B
P/E
47.9x
Revenue (TTM)
$8.69B
Div. yield
0.02%
Oilfield Equipment Energy
2 wins
EFXT Enerflex Ltd.
$24.28 +7.1% 1M +91.0% 1Y
Market cap
$2.91B
P/E
29.7x
Revenue (TTM)
$2.39B
Div. yield
–
Oilfield Equipment Energy
6 wins

Head to Head

11 decided of 12

Enerflex leads on 6 of the 12 questions below (Enerflex 6, Forum Energy Technologies 3, Nov 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFETNOVEFXTLeader
Larger companyMarket capitalisation $953.44M $6.85B $2.91B NOV
Cheaper on earningsLower P/E, profitable companies only 31.6x 47.9x 29.7x EFXT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 22.0x 19.1x EFXT
Faster revenue growthRevenue growth, trailing twelve months +10.6% -1.0% — FET
More profitableNet margin, trailing twelve months — 1.6% 4.1% EFXT
Better return on capitalReturn on invested capital — 2.3% 10.6% EFXT
Less leveragedLower net debt / EBITDA — 0.8x 0.4x EFXT
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months +176.7% +26.3% +91.0% FET
Better 5-year returnAnnualised price return, 5 years +31.6%/yr +6.6%/yr +23.2%/yr FET
Less volatileAnnualised volatility, 1 year 55.2% 35.8% 49.3% NOV
Higher overall scoreMean of the five percentile scores vs peers 54/100 57/100 71/100 EFXT

Percentile Scorecard

FETNOVEFXT

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

AxisFETNOVEFXT
Valuation 26 #35 of 47 85 #8 of 47 91 #5 of 47
Growth 91 #5 of 43 31 #30 of 43 100 #1 of 43
Profitability 69 #13 of 40 41 #24 of 40 90 #5 of 40
Financial Health 32 #31 of 45 73 #13 of 45 41 #27 of 45
Shareholder Returns – 55 #14 of 30 35 #20 of 30
Overall 54 57 71
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • NOV ranked among 48 companies in Oilfield Services and Equipment
  • EFXT 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

PeriodFETNOVEFXTSPY
1 month +10.7%+1.8%+7.1% +0.7%
3 months +73.0%+0.2%+10.1% +3.7%
6 months +41.4%-5.5%-9.5% +7.1%
Year to date +140.5%+23.7%+57.4% +12.8%
1 year +176.7%+26.3%+91.0% +11.9%
3 years +305.6%-2.3%+499.5% +85.2%
3 years, per year +59.5%-0.8%+81.7% +22.8%
5 years +294.8%+37.9%+184.0% +67.6%
5 years, per year +31.6%+6.6%+23.2% +10.9%
10 years -75.9%-41.3%+119.7% +262.0%
10 years, per year -13.3%-5.2%+8.2% +13.7%

Risk

MeasureFETNOVEFXTSPY
Volatility, 1Y 55.2%35.8%49.3% 12.7%
Downside volatility, 1Y 53.8%37.7%48.0% 12.6%
Beta vs S&P 500, 1Y 0.850.680.89 1.00
Return / volatility, 1Y 3.200.731.85 0.94
Max drawdown, 5Y -59.1%-55.2%-56.6% -25.4%
From 52-week high -2.3%-11.0%-14.5% -1.2%
52-week high $90.92$21.71$28.39 $779.14
52-week low $26.78$14.38$12.53 $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.

MultipleFETNOVEFXT
P/E now vs peer median 33.2xmedian 28.5x 48.3xmedian 28.5x 30.4xmedian 28.5x
P/S now vs peer median 1.1xmedian 1.2x 0.8xmedian 1.2x 1.2xmedian 1.2x
EV/EBITDA now vs peer median —median 8.9x 9.0xmedian 8.9x 4.7xmedian 8.9x
P/FCF now vs peer median 17.0xmedian 15.4x 25.5xmedian 15.4x 5.7xmedian 15.4x
P/B now vs peer median 3.1xmedian 1.6x 1.1xmedian 1.6x 2.4xmedian 1.6x
PEG now vs peer median 0.59median 0.52 -1.51median 0.52 0.57median 0.52

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 monthsFETNOVEFXT
Revenue $873.93M $8.69B $2.39B
Gross profit $267.84M $1.80B $564.00M
Operating income $64.24M $474.00M $242.00M
Net income $30.20M $150.00M $219.00M
Free cash flow – $270.00M $517.77M
EPS (diluted) $2.57 $0.40 $0.80
Cash & equivalents $35.17M $1.06B $227.00M
Total debt – $1.71B $539.00M
Shares (diluted) 11.77M 360.00M 123.06M
Enterprise value $953.44M $1.73B $2.43B

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
MetricFETNOVEFXT
P/E 33.2x 48.3x 30.4x
P/FCF 17.0x 25.5x 5.7x
P/Operating cash flow 14.6x 11.4x 6.0x
P/S 1.1x 0.8x 1.2x
P/B 3.1x 1.1x 2.4x
P/Tangible book 3.1x 1.2x 2.5x
EV/EBITDA – 9.0x 4.7x
EV/EBIT – 15.9x 13.5x
EV/Revenue 1.1x 0.9x 1.4x
EV/FCF – 27.9x 6.3x
EV/Operating cash flow 14.6x 12.5x 6.6x
PEG (3Y EPS CAGR) 0.59 -1.51 0.57

Growth

14 metrics
MetricFETNOVEFXT
Revenue growth (1Y) 10.6% -1.0% –
Revenue CAGR (3Y) 5.5% 1.5% 9.5%
Gross profit growth (1Y) 21.5% 0.2% –
Gross profit CAGR (3Y) 9.4% 0.4% 17.8%
Operating income growth (1Y) 171.8% -22.2% –
Operating income CAGR (3Y) 31.5% -10.1% 94.8%
Net income growth (1Y) 126.2% -61.8% –
Net income CAGR (3Y) 59.0% -32.6% 91.8%
EPS growth (1Y) 126.0% -61.5% –
EPS CAGR (3Y) 55.9% -31.9% 53.3%
Operating cash flow growth (1Y) -20.8% -52.3% –
Operating cash flow CAGR (3Y) 78.7% 112.3% 194.2%
Free cash flow growth (1Y) – -69.2% –
Free cash flow CAGR (3Y) – 40.4% 183.5%

Profitability

14 metrics
MetricFETNOVEFXT
Gross margin – 20.7% 23.6%
EBITDA margin – 9.7% 29.3%
Operating margin – 5.5% 10.1%
Pretax margin – 4.4% 15.0%
Net margin – 1.6% 4.1%
FCF margin – 3.1% 21.6%
Operating cash flow margin 7.8% 7.0% 20.7%
Return on equity 9.9% 2.4% 12.5%
Return on assets 3.8% 1.3% 5.2%
Return on invested capital – 2.3% 10.6%
Return on capital employed – 5.3% 13.2%
Asset turnover 1.1x 0.8x 0.8x
Cash conversion (OCF / net income) 2.3x 4.0x 2.3x
Stock comp / revenue – 0.8% 1.1%

Financial Health

11 metrics
MetricFETNOVEFXT
Debt / assets – 15.2% 18.4%
Debt / equity – 0.3x 0.4x
Net debt / EBITDA – 0.8x 0.4x
Debt / FCF – 6.3x 1.0x
Liabilities / assets 60.6% 43.8% 58.5%
Equity / assets 39.4% 56.2% 41.5%
Interest coverage – 5.5x 0.2x
Current ratio 2.0x 2.5x 1.2x
Quick ratio – 1.6x 0.7x
Cash ratio – 0.5x 0.2x
Altman Z-score – 2.06 2.34

Shareholder Returns

7 metrics
MetricFETNOVEFXT
Dividend yield – 2.3% 0.7%
Net buyback yield – 3.3% 0.0%
Shareholder yield – 5.6% 0.6%
Payout ratio (earnings) – 104.0% –
Payout ratio (FCF) – 57.8% –
Dividend growth (1Y) – -18.8% –
Dividend CAGR (3Y) – 25.5% –

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.

ConsensusFETNOVEFXT
Forward P/E 23.5xFY2026 22.0xFY2026 19.1xFY2026
EPS, next fiscal year $3.78FY2026 $0.88FY2026 $1.27FY2026
EPS growth, next FY +500.0%FY2026 +125.6%FY2026 +144.2%FY2026
EPS growth, the year after +37.8% +37.5% +37.8%
Revenue, next fiscal year $871.25MFY2026 $8.10BFY2026 $2.39BFY2026
Revenue growth, next FY +10.1%FY2026 -7.3%FY2026 -7.1%FY2026
Revenue growth, the year after +13.9% +8.8% +7.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETNOVEFXT
Held by institutions 86.6% 100.0% –
Institutions holding 161 488 –
Change in shares held, QoQ +10.7% -0.2% –
Institutions buying 102 246 –
Institutions selling 42 164 –
Buyers to sellers 2.43 1.50 –

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.

FETNOVEFXT
FET 1.00 0.59 0.39
NOV 0.59 1.00 0.36
EFXT 0.39 0.36 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FET, NOV and EFXT?

Nov (NOV) is the largest by market capitalisation: Forum Energy Technologies (FET) $953.44M, Nov (NOV) $6.85B, Enerflex (EFXT) $2.91B.

Which stock is cheaper, FET, NOV and EFXT?

Enerflex (EFXT) trades on the lowest price-to-earnings ratio (Forum Energy Technologies (FET) 31.6x, Nov (NOV) 47.9x, Enerflex (EFXT) 29.7x). On next year's consensus earnings, Enerflex (EFXT) is cheapest (Forum Energy Technologies (FET) 23.5x, Nov (NOV) 22.0x, Enerflex (EFXT) 19.1x). 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) +10.6%, Nov (NOV) -1.0%.

Which company is more profitable?

Enerflex (EFXT) has the highest net margin (Nov (NOV) 1.6%, Enerflex (EFXT) 4.1%). On return on invested capital, Enerflex (EFXT) leads (Nov (NOV) 2.3%, Enerflex (EFXT) 10.6%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Forum Energy Technologies (FET) +176.7%, Nov (NOV) +26.3%, Enerflex (EFXT) +91.0%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +31.6%/yr, Nov (NOV) +6.6%/yr, Enerflex (EFXT) +23.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Forum Energy Technologies (FET) 0.00%, Nov (NOV) 0.02%, Enerflex (EFXT) 0.00%. Forum Energy Technologies (FET) and Enerflex (EFXT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Nov (NOV) has been the steadiest (Forum Energy Technologies (FET) 55.2%, Nov (NOV) 35.8%, Enerflex (EFXT) 49.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FET, NOV and EFXT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enerflex (EFXT) 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.