FET vs PNR vs WTS Stock Comparison

Forum Energy Technologies, Pentair and Watts Water Technologies Prices as of Oct 29, 2026 Peers: Industry group
PNR PENTAIR plc
$65.78 +23.0% 1M -38.9% 1Y
Market cap
$10.50B
P/E
17.1x
Revenue (TTM)
$3.97B
Div. yield
1.64%
Pumps and Valves Industrials
4 wins

Head to Head

12 decided of 12

Watts Water Technologies leads on 6 of the 12 questions below (Watts Water Technologies 6, Pentair 4, Forum Energy Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFETPNRWTSLeader
Larger companyMarket capitalisation $999.46M $10.50B $11.71B WTS
Cheaper on earningsLower P/E, profitable companies only 33.2x 17.1x 30.6x PNR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 14.5x 26.5x PNR
Faster revenue growthRevenue growth, trailing twelve months +10.6% -3.9% +17.1% WTS
More profitableNet margin, trailing twelve months — 15.4% 14.3% PNR
Better return on capitalReturn on invested capital — 12.5% 16.8% WTS
Less leveragedLower net debt / EBITDA — 1.6x -0.4x WTS
Higher dividend yieldTrailing dividend yield — 1.64% 0.66% PNR
Better 1-year returnPrice return, last 12 months +176.7% -38.9% +28.5% FET
Better 5-year returnAnnualised price return, 5 years +31.6%/yr -2.3%/yr +13.1%/yr FET
Less volatileAnnualised volatility, 1 year 55.2% 36.3% 27.8% WTS
Higher overall scoreMean of the five percentile scores vs peers 54/100 62/100 71/100 WTS

Percentile Scorecard

FETPNRWTS

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

AxisFETPNRWTS
Valuation 26 #35 of 47 71 #59 of 203 33 #137 of 203
Growth 91 #5 of 43 32 #128 of 188 79 #41 of 188
Profitability 69 #13 of 40 82 #33 of 183 92 #15 of 183
Financial Health 32 #31 of 45 46 #118 of 216 89 #25 of 216
Shareholder Returns – 79 #33 of 152 62 #59 of 152
Overall 54 62 71
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • PNR ranked among 222 companies in Machinery
  • WTS ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodFETPNRWTSSPY
1 month +10.7%+23.0%-2.0% +0.7%
3 months +73.0%-0.6%+1.9% +3.7%
6 months +41.4%-18.5%+16.9% +7.1%
Year to date +140.5%-36.8%+27.1% +12.8%
1 year +176.7%-38.9%+28.5% +11.9%
3 years +305.6%+12.0%+104.3% +85.2%
3 years, per year +59.5%+3.9%+26.9% +22.8%
5 years +294.8%-11.1%+84.7% +67.6%
5 years, per year +31.6%-2.3%+13.1% +10.9%
10 years -75.9%+19.3%+485.3% +262.0%
10 years, per year -13.3%+1.8%+19.3% +13.7%

Risk

MeasureFETPNRWTSSPY
Volatility, 1Y 55.2%36.3%27.8% 12.7%
Downside volatility, 1Y 53.8%40.4%26.3% 12.6%
Beta vs S&P 500, 1Y 0.850.940.89 1.00
Return / volatility, 1Y 3.20-1.071.02 0.94
Max drawdown, 5Y -59.1%-53.7%-44.4% -25.4%
From 52-week high -2.3%-39.5%-10.5% -1.2%
52-week high $90.92$108.69$392.27 $779.14
52-week low $26.78$52.11$263.55 $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.

MultipleFETPNRWTS
P/E now vs peer median 33.2xmedian 28.5x 17.1xmedian 25.8x 30.6xmedian 25.8x
P/S now vs peer median 1.1xmedian 1.2x 2.6xmedian 1.9x 4.4xmedian 1.9x
EV/EBITDA now vs peer median —median 8.9x 13.2xmedian 14.6x 19.2xmedian 14.6x
P/FCF now vs peer median 17.0xmedian 15.4x 16.2xmedian 22.2x 33.5xmedian 22.2x
P/B now vs peer median 3.1xmedian 1.6x 2.7xmedian 2.2x 5.4xmedian 2.2x
PEG now vs peer median 0.59median 0.52 2.23median 1.45 2.38median 1.45

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 monthsFETPNRWTS
Revenue $873.93M $3.97B $2.68B
Gross profit $267.84M $1.64B $1.31B
Operating income $64.24M $777.40M $512.10M
Net income $30.20M $612.20M $383.80M
Free cash flow – $646.60M $349.40M
R&D – $94.10M –
EPS (diluted) $2.57 $3.82 $11.46
Cash & equivalents $35.17M $74.00M $347.90M
Total debt – $1.48B $108.00M
Shares (diluted) 11.77M 160.30M 33.50M
Enterprise value $999.46M $10.17B $10.13B

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
MetricFETPNRWTS
P/E 33.2x 17.1x 30.6x
P/FCF 17.0x 16.2x 33.5x
P/Operating cash flow 14.6x 14.5x 29.4x
P/S 1.1x 2.6x 4.4x
P/B 3.1x 2.7x 5.4x
P/Tangible book 3.1x 3.7x 6.1x
EV/EBITDA – 13.2x 19.2x
EV/EBIT – 15.3x 22.4x
EV/Revenue 1.1x 3.0x 4.3x
EV/FCF – 18.4x 32.8x
EV/Operating cash flow 14.6x 16.4x 28.8x
PEG (3Y EPS CAGR) 0.59 2.23 2.38

Growth

14 metrics
MetricFETPNRWTS
Revenue growth (1Y) 10.6% -3.9% 17.1%
Revenue CAGR (3Y) 5.5% -1.3% 10.3%
Gross profit growth (1Y) 21.5% -1.2% 18.0%
Gross profit CAGR (3Y) 9.4% 3.4% 13.0%
Operating income growth (1Y) 171.8% -8.3% 26.4%
Operating income CAGR (3Y) 31.5% 4.4% 15.5%
Net income growth (1Y) 126.2% -6.4% 23.2%
Net income CAGR (3Y) 59.0% 6.3% 12.7%
EPS growth (1Y) 126.0% -3.6% 23.2%
EPS CAGR (3Y) 55.9% 7.7% 12.8%
Operating cash flow growth (1Y) -20.8% -14.8% 12.1%
Operating cash flow CAGR (3Y) 78.7% 6.8% 12.5%
Free cash flow growth (1Y) – -17.4% 10.3%
Free cash flow CAGR (3Y) – 7.7% 11.4%

Profitability

14 metrics
MetricFETPNRWTS
Gross margin – 41.2% 48.9%
EBITDA margin – 22.7% 22.3%
Operating margin – 19.6% 19.1%
Pretax margin – 17.5% 19.0%
Net margin – 15.4% 14.3%
FCF margin – 16.3% 13.1%
Operating cash flow margin 7.8% 18.3% 14.9%
Return on equity 9.9% 16.1% 17.9%
Return on assets 3.8% 9.2% 13.0%
Return on invested capital – 12.5% 16.8%
Return on capital employed – 13.5% 21.1%
Asset turnover 1.1x 0.6x 0.9x
Cash conversion (OCF / net income) 2.3x 1.2x 1.0x
Stock comp / revenue – 0.8% 0.9%

Financial Health

11 metrics
MetricFETPNRWTS
Debt / assets – 22.3% 3.7%
Debt / equity – 0.4x 0.0x
Net debt / EBITDA – 1.6x -0.4x
Debt / FCF – 2.3x 0.3x
Liabilities / assets 60.6% 42.1% 25.8%
Equity / assets 39.4% 57.9% 74.2%
Interest coverage – – 50.2x
Current ratio 2.0x 1.5x 2.7x
Quick ratio – 0.7x 1.5x
Cash ratio – 0.1x 0.7x
Altman Z-score – 3.96 11.80

Shareholder Returns

7 metrics
MetricFETPNRWTS
Dividend yield – 1.6% 0.7%
Net buyback yield – 3.8% 0.1%
Shareholder yield – 5.5% 0.8%
Payout ratio (earnings) – 28.1% 19.2%
Payout ratio (FCF) – 26.6% 21.1%
Dividend growth (1Y) – 6.5% 21.2%
Dividend CAGR (3Y) – 6.2% 20.1%

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.

ConsensusFETPNRWTS
Forward P/E 23.5xFY2026 14.5xFY2026 26.5xFY2026
EPS, next fiscal year $3.78FY2026 $4.55FY2026 $13.22FY2026
EPS growth, next FY +500.0%FY2026 -7.5%FY2026 +25.0%FY2026
EPS growth, the year after +37.8% +17.6% +13.2%
Revenue, next fiscal year $871.25MFY2026 $3.86BFY2026 $3.02BFY2026
Revenue growth, next FY +10.1%FY2026 -7.5%FY2026 +23.8%FY2026
Revenue growth, the year after +13.9% +10.5% -5.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETPNRWTS
Held by institutions 86.6% 95.0% 80.9%
Institutions holding 161 720 580
Change in shares held, QoQ +10.7% -0.1% +1.9%
Institutions buying 102 353 295
Institutions selling 42 257 187
Buyers to sellers 2.43 1.37 1.58

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.

FETPNRWTS
FET 1.00 0.02 0.14
PNR 0.02 1.00 0.29
WTS 0.14 0.29 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FET, PNR and WTS?

Watts Water Technologies (WTS) is the largest by market capitalisation: Forum Energy Technologies (FET) $999.46M, Pentair (PNR) $10.50B, Watts Water Technologies (WTS) $11.71B.

Which stock is cheaper, FET, PNR and WTS?

Pentair (PNR) trades on the lowest price-to-earnings ratio (Forum Energy Technologies (FET) 33.2x, Pentair (PNR) 17.1x, Watts Water Technologies (WTS) 30.6x). On next year's consensus earnings, Pentair (PNR) is cheapest (Forum Energy Technologies (FET) 23.5x, Pentair (PNR) 14.5x, Watts Water Technologies (WTS) 26.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Watts Water Technologies (WTS) grew revenue fastest over the trailing twelve months: Forum Energy Technologies (FET) +10.6%, Pentair (PNR) -3.9%, Watts Water Technologies (WTS) +17.1%.

Which company is more profitable?

Pentair (PNR) has the highest net margin (Pentair (PNR) 15.4%, Watts Water Technologies (WTS) 14.3%). On return on invested capital, Watts Water Technologies (WTS) leads (Pentair (PNR) 12.5%, Watts Water Technologies (WTS) 16.8%).

Which stock has performed better?

Over the past year Forum Energy Technologies (FET) returned the most: Forum Energy Technologies (FET) +176.7%, Pentair (PNR) -38.9%, Watts Water Technologies (WTS) +28.5%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +31.6%/yr, Pentair (PNR) -2.3%/yr, Watts Water Technologies (WTS) +13.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Pentair (PNR) has the highest dividend yield: Pentair (PNR) 1.64%, Watts Water Technologies (WTS) 0.66%. Forum Energy Technologies (FET) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Watts Water Technologies (WTS) has been the steadiest (Forum Energy Technologies (FET) 55.2%, Pentair (PNR) 36.3%, Watts Water Technologies (WTS) 27.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FET, PNR and WTS?

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