FET vs NOV Stock Comparison

Forum Energy Technologies and Nov Prices as of Oct 23, 2026 Peers: Industry group
NOV NOV Inc.
$19.76 -2.7% 1M +40.3% 1Y
Market cap
$7.24B
P/E
76.2x
Revenue (TTM)
$8.64B
Div. yield
0.02%
Oilfield Equipment Energy
7 wins

Head to Head

10 decided of 12

Nov leads on 7 of the 12 questions below (Nov 7, Forum Energy Technologies 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFETNOVLeader
Larger companyMarket capitalisation $1.00B $7.24B NOV
Cheaper on earningsLower P/E, profitable companies only -634.8x 76.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.0x 22.5x NOV
Faster revenue growthRevenue growth, trailing twelve months +3.9% -1.7% FET
More profitableNet margin, trailing twelve months -0.2% 1.1% NOV
Better return on capitalReturn on invested capital 0.0% 1.6% NOV
Less leveragedLower net debt / EBITDA 1.6x 0.7x NOV
Higher dividend yieldTrailing dividend yield 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months +177.5% +40.3% FET
Better 5-year returnAnnualised price return, 5 years +30.0%/yr +5.8%/yr FET
Less volatileAnnualised volatility, 1 year 55.1% 35.9% NOV
Higher overall scoreMean of the five percentile scores vs peers 51/100 58/100 NOV

Percentile Scorecard

FETNOV

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

AxisFETNOV
Valuation 17 #39 of 47 91 #5 of 47
Growth 77 #11 of 44 26 #33 of 44
Profitability 28 #30 of 41 40 #25 of 41
Financial Health 31 #32 of 46 71 #14 of 46
Shareholder Returns 100 #1 of 32 61 #13 of 32
Overall 51 58
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • NOV 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

PeriodFETNOVSPY
1 month +5.2%-2.7% -1.0%
3 months +50.3%-4.8% +2.9%
6 months +40.5%-3.6% +6.4%
Year to date +135.4%+26.4% +11.4%
1 year +177.5%+40.3% +13.1%
3 years +292.9%-0.6% +79.4%
3 years, per year +57.8%-0.2% +21.5%
5 years +271.1%+32.7% +67.7%
5 years, per year +30.0%+5.8% +10.9%
10 years -79.5%-46.6% +255.2%
10 years, per year -14.7%-6.1% +13.5%

Risk

MeasureFETNOVSPY
Volatility, 1Y 55.1%35.9% 12.7%
Downside volatility, 1Y 53.7%36.5% 12.7%
Beta vs S&P 500, 1Y 0.820.68 1.00
Return / volatility, 1Y 3.221.13 1.03
Max drawdown, 5Y -59.1%-55.2% -25.4%
From 52-week high -0.4%-9.0% -2.5%
52-week high $87.36$21.71 $779.14
52-week low $26.78$13.84 $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.

MultipleFETNOV
P/E now vs peer median -620.4xmedian 25.5x 74.7xmedian 25.5x
P/S now vs peer median 1.2xmedian 1.2x 0.8xmedian 1.2x
EV/EBITDA now vs peer median 15.7xmedian 8.8x 9.5xmedian 8.8x
P/FCF now vs peer median 18.4xmedian 14.7x 12.6xmedian 14.7x
P/B now vs peer median 3.4xmedian 1.6x 1.1xmedian 1.6x
PEG now vs peer median -15.44median 0.41 -2.01median 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 monthsFETNOV
Revenue $833.35M $8.64B
Gross profit $233.66M $1.77B
Operating income $38.17M $439.00M
Net income -$1.58M $99.00M
Free cash flow $53.22M $562.00M
EPS (diluted) $-0.13 $0.26
Cash & equivalents $33.72M $1.16B
Total debt $143.71M $6.87B
Shares (diluted) 11.77M 362.00M
Enterprise value $867.25M $1.98B

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
MetricFETNOV
P/E -620.4x 74.7x
P/FCF 18.4x 12.6x
P/Operating cash flow 16.5x 7.7x
P/S 1.2x 0.8x
P/B 3.4x 1.1x
P/Tangible book 4.7x 1.2x
EV/EBITDA 15.7x 9.5x
EV/EBIT 28.5x 17.3x
EV/Revenue 1.3x 0.9x
EV/FCF 20.5x 13.5x
EV/Operating cash flow 18.3x 8.3x
PEG (3Y EPS CAGR) -15.44 -2.01

Growth

14 metrics
MetricFETNOV
Revenue growth (1Y) 3.9% -1.7%
Revenue CAGR (3Y) 3.7% 2.5%
Gross profit growth (1Y) -5.0% -4.4%
Gross profit CAGR (3Y) 4.5% 1.9%
Operating income growth (1Y) 151.3% -36.9%
Operating income CAGR (3Y) 8.0% -5.7%
Net income growth (1Y) 98.6% -79.3%
Net income CAGR (3Y) 37.3% -38.0%
EPS growth (1Y) 98.5% -79.1%
EPS CAGR (3Y) 40.2% -37.1%
Operating cash flow growth (1Y) -33.5% -28.2%
Operating cash flow CAGR (3Y) 145.5% 82.2%
Free cash flow growth (1Y) -35.4% -38.2%
Free cash flow CAGR (3Y) 178.4% 46.8%

Profitability

14 metrics
MetricFETNOV
Gross margin 28.0% 20.5%
EBITDA margin 8.3% 9.3%
Operating margin 4.6% 5.1%
Pretax margin 2.5% 3.8%
Net margin -0.2% 1.1%
FCF margin 6.4% 6.5%
Operating cash flow margin 7.1% 10.6%
Return on equity -0.6% 1.6%
Return on assets -0.2% 0.9%
Return on invested capital 0.0% 1.6%
Return on capital employed 7.0% 5.0%
Asset turnover 1.1x 0.8x
Cash conversion (OCF / net income) -37.5x 9.3x
Stock comp / revenue 1.3% 0.9%

Financial Health

11 metrics
MetricFETNOV
Debt / assets 18.6% 15.2%
Debt / equity 0.5x 0.3x
Net debt / EBITDA 1.6x 0.7x
Debt / FCF 2.7x 3.0x
Liabilities / assets 62.4% 44.1%
Equity / assets 37.6% 55.9%
Interest coverage – 5.0x
Current ratio 2.2x 2.4x
Quick ratio 0.9x 1.5x
Cash ratio 0.2x 0.5x
Altman Z-score 1.37 2.04

Shareholder Returns

7 metrics
MetricFETNOV
Dividend yield – 2.2%
Net buyback yield 3.7% 4.2%
Shareholder yield 3.7% 6.4%
Payout ratio (earnings) – 153.5%
Payout ratio (FCF) – 27.0%
Dividend growth (1Y) – -21.2%
Dividend CAGR (3Y) – 24.4%

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.

ConsensusFETNOV
Forward P/E 23.0xFY2026 22.5xFY2026
EPS, next fiscal year $3.78FY2026 $0.88FY2026
EPS growth, next FY +500.0%FY2026 +125.6%FY2026
EPS growth, the year after +37.8% +37.5%
Revenue, next fiscal year $871.15MFY2026 $8.10BFY2026
Revenue growth, next FY +10.1%FY2026 -7.3%FY2026
Revenue growth, the year after +12.2% +8.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETNOV
Held by institutions 86.6% 100.0%
Institutions holding 161 487
Change in shares held, QoQ +10.7% -0.2%
Institutions buying 102 245
Institutions selling 42 164
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.

FETNOV
FET 1.00 0.59
NOV 0.59 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, FET and NOV?

Nov (NOV) is the largest by market capitalisation: Forum Energy Technologies (FET) $1.00B, Nov (NOV) $7.24B.

Which company is growing faster?

Forum Energy Technologies (FET) grew revenue fastest over the trailing twelve months: Forum Energy Technologies (FET) +3.9%, Nov (NOV) -1.7%.

Which company is more profitable?

Nov (NOV) has the highest net margin (Forum Energy Technologies (FET) -0.2%, Nov (NOV) 1.1%). On return on invested capital, Nov (NOV) leads (Forum Energy Technologies (FET) 0.0%, Nov (NOV) 1.6%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Forum Energy Technologies (FET) +177.5%, Nov (NOV) +40.3%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +30.0%/yr, Nov (NOV) +5.8%/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%. Forum Energy Technologies (FET) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Nov (NOV) has been the steadiest (Forum Energy Technologies (FET) 55.1%, Nov (NOV) 35.9%). Volatility measures how widely the price swings, not the risk of the business.

Do FET and NOV move together?

Their daily returns over the past year have a correlation of 0.59, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, FET and NOV?

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