FET vs TS vs OIS Stock Comparison

Forum Energy Technologies, Tenaris and Oil States International Prices as of Oct 28, 2026 Peers: Industry group
TS Tenaris Sa
$60.41 +7.6% 1M +60.2% 1Y
Market cap
$64.57B
P/E
33.8x
Revenue (TTM)
$12.04B
Div. yield
–
Metal Fabrication Industrials
7 wins

Head to Head

10 decided of 12

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

QuestionFETTSOISLeader
Larger companyMarket capitalisation $999.73M $64.57B $532.16M TS
Cheaper on earningsLower P/E, profitable companies only -631.5x 33.8x -4.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.1x 15.2x 16.1x TS
Faster revenue growthRevenue growth, trailing twelve months +3.9% +2.3% -2.8% FET
More profitableNet margin, trailing twelve months -0.2% 15.9% -16.8% TS
Better return on capitalReturn on invested capital 0.0% 12.7% -15.2% TS
Less leveragedLower net debt / EBITDA 1.6x -3.1x 0.0x TS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +187.7% +60.2% +40.0% FET
Better 5-year returnAnnualised price return, 5 years +32.2%/yr +22.1%/yr +8.7%/yr FET
Less volatileAnnualised volatility, 1 year 55.1% 28.9% 53.1% TS
Higher overall scoreMean of the five percentile scores vs peers 51/100 58/100 48/100 TS

Percentile Scorecard

FETTSOIS

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

AxisFETTSOIS
Valuation 20 #38 of 47 42 #118 of 203 80 #10 of 47
Growth 76 #11 of 43 17 #157 of 188 5 #41 of 43
Profitability 28 #29 of 40 81 #36 of 184 5 #38 of 40
Financial Health 32 #31 of 45 99 #4 of 217 80 #10 of 45
Shareholder Returns 100 #1 of 32 53 #72 of 153 71 #10 of 32
Overall 51 58 48
  • FET ranked among 48 companies in Oilfield Services and Equipment
  • TS ranked among 222 companies in Machinery
  • 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

PeriodFETTSOISSPY
1 month +9.4%+7.6%+10.6% +0.9%
3 months +78.1%+8.2%+18.6% +5.9%
6 months +40.9%-4.9%-21.9% +8.5%
Year to date +146.1%+57.1%+35.9% +13.3%
1 year +187.7%+60.2%+40.0% +12.4%
3 years +316.1%+92.3%+15.1% +88.1%
3 years, per year +60.9%+24.4%+4.8% +23.5%
5 years +303.9%+171.1%+51.8% +68.2%
5 years, per year +32.2%+22.1%+8.7% +11.0%
10 years -75.4%+112.2%-69.1% +263.4%
10 years, per year -13.1%+7.8%-11.1% +13.8%

Risk

MeasureFETTSOISSPY
Volatility, 1Y 55.1%28.9%53.1% 12.7%
Downside volatility, 1Y 53.9%29.4%51.0% 12.7%
Beta vs S&P 500, 1Y 0.840.330.69 1.00
Return / volatility, 1Y 3.412.080.75 0.98
Max drawdown, 5Y -59.1%-33.7%-68.7% -25.4%
From 52-week high 0.0%-5.6%-36.1% -0.9%
52-week high $90.92$64.02$14.39 $779.14
52-week low $26.78$37.70$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.

MultipleFETTSOIS
P/E now vs peer median -648.4xmedian 28.7x 33.4xmedian 25.4x -5.0xmedian 28.7x
P/S now vs peer median 1.2xmedian 1.3x 5.4xmedian 1.9x 0.9xmedian 1.3x
EV/EBITDA now vs peer median 16.4xmedian 8.7x 19.6xmedian 14.3x -10.8xmedian 8.7x
P/FCF now vs peer median 19.2xmedian 16.3x 23.3xmedian 21.8x 10.3xmedian 16.3x
P/B now vs peer median 3.5xmedian 1.7x 3.8xmedian 2.2x 1.0xmedian 1.7x
PEG now vs peer median -16.13median 0.51 —median 1.41 0.03median 0.51

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 monthsFETTSOIS
Revenue $833.35M $12.04B $645.67M
Gross profit $233.66M $4.08B $128.41M
Operating income $38.17M $2.23B -$92.90M
Net income -$1.58M $1.97B -$108.33M
Free cash flow $53.22M $2.78B $53.84M
EPS (diluted) $-0.13 – $-1.85
Cash & equivalents $33.72M $9.02B $19.80M
Total debt $143.71M $1.27B $17.78M
Shares (diluted) 11.77M – 58.63M
Enterprise value $862.17M $35.61B $316.40M

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
MetricFETTSOIS
P/E -648.4x 33.4x -5.0x
P/FCF 19.2x 23.3x 10.3x
P/Operating cash flow 17.2x 28.9x 7.6x
P/S 1.2x 5.4x 0.9x
P/B 3.5x 3.8x 1.0x
P/Tangible book 4.9x 3.8x 1.0x
EV/EBITDA 16.4x 19.6x -10.8x
EV/EBIT 29.7x 25.1x -6.0x
EV/Revenue 1.4x 4.7x 0.9x
EV/FCF 21.3x 20.1x 10.3x
EV/Operating cash flow 19.1x 25.0x 7.6x
PEG (3Y EPS CAGR) -16.13 – 0.03

Growth

14 metrics
MetricFETTSOIS
Revenue growth (1Y) 3.9% 2.3% -2.8%
Revenue CAGR (3Y) 3.7% -6.7% -5.8%
Gross profit growth (1Y) -5.0% 2.7% -16.6%
Gross profit CAGR (3Y) 4.5% -13.9% -8.7%
Operating income growth (1Y) 151.3% 0.0% -606.0%
Operating income CAGR (3Y) 8.0% -20.6% -94.1%
Net income growth (1Y) 98.6% -3.3% -1,697%
Net income CAGR (3Y) 37.3% -18.8% -151.9%
EPS growth (1Y) 98.5% – -1,711%
EPS CAGR (3Y) 40.2% – -157.5%
Operating cash flow growth (1Y) -33.5% -11.7% 1.9%
Operating cash flow CAGR (3Y) 145.5% -9.6% -3.8%
Free cash flow growth (1Y) -35.4% -13.2% 78.3%
Free cash flow CAGR (3Y) 178.4% -7.8% 2.2%

Profitability

14 metrics
MetricFETTSOIS
Gross margin 28.0% 33.9% 19.9%
EBITDA margin 8.3% 23.7% -8.0%
Operating margin 4.6% 18.5% -14.4%
Pretax margin 2.5% 20.5% -15.5%
Net margin -0.2% 15.9% -16.8%
FCF margin 6.4% 23.1% 8.3%
Operating cash flow margin 7.1% 18.6% 11.3%
Return on equity -0.6% 11.4% -18.8%
Return on assets -0.2% 9.7% -12.7%
Return on invested capital 0.0% 12.7% -15.2%
Return on capital employed 7.0% 11.0% -14.2%
Asset turnover 1.1x 0.6x 0.8x
Cash conversion (OCF / net income) -37.5x 1.1x -0.7x
Stock comp / revenue 1.3% – 1.3%

Financial Health

11 metrics
MetricFETTSOIS
Debt / assets 18.6% 1.5% 2.1%
Debt / equity 0.5x 0.0x 0.0x
Net debt / EBITDA 1.6x -3.1x 0.0x
Debt / FCF 2.7x 0.1x 0.3x
Liabilities / assets 62.4% 15.2% 30.7%
Equity / assets 37.6% 84.8% 69.3%
Interest coverage – 45.4x –
Current ratio 2.2x – 2.4x
Quick ratio 0.9x 70.8x 1.1x
Cash ratio 0.2x 58.2x 0.1x
Altman Z-score 1.43 – 2.36

Shareholder Returns

7 metrics
MetricFETTSOIS
Dividend yield – 2.9% –
Net buyback yield 3.5% -1.5% 1.7%
Shareholder yield 3.5% 1.4% 1.7%
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.

ConsensusFETTSOIS
Forward P/E 24.1xFY2026 15.2xFY2026 16.1xFY2026
EPS, next fiscal year $3.78FY2026 $3.97FY2026 $0.57FY2026
EPS growth, next FY +500.0%FY2026 +8.5%FY2026 +54.1%FY2026
EPS growth, the year after +37.8% +1.5% +33.3%
Revenue, next fiscal year $871.25MFY2026 $12.99BFY2026 $598.44MFY2026
Revenue growth, next FY +10.1%FY2026 +8.4%FY2026 -10.5%FY2026
Revenue growth, the year after +13.9% -6.1% +13.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFETTSOIS
Held by institutions 86.6% 3.6% 88.3%
Institutions holding 161 283 196
Change in shares held, QoQ +10.7% -2.4% -1.4%
Institutions buying 102 154 99
Institutions selling 42 78 72
Buyers to sellers 2.43 1.97 1.38

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.

FETTSOIS
FET 1.00 0.46 0.71
TS 0.46 1.00 0.42
OIS 0.71 0.42 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FET, TS and OIS?

Tenaris (TS) is the largest by market capitalisation: Forum Energy Technologies (FET) $999.73M, Tenaris (TS) $64.57B, Oil States International (OIS) $532.16M.

Which company is growing faster?

Forum Energy Technologies (FET) grew revenue fastest over the trailing twelve months: Forum Energy Technologies (FET) +3.9%, Tenaris (TS) +2.3%, Oil States International (OIS) -2.8%.

Which company is more profitable?

Tenaris (TS) has the highest net margin (Forum Energy Technologies (FET) -0.2%, Tenaris (TS) 15.9%, Oil States International (OIS) -16.8%). On return on invested capital, Tenaris (TS) leads (Forum Energy Technologies (FET) 0.0%, Tenaris (TS) 12.7%, 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) +187.7%, Tenaris (TS) +60.2%, Oil States International (OIS) +40.0%. Over five years, Forum Energy Technologies (FET) compounded fastest (Forum Energy Technologies (FET) +32.2%/yr, Tenaris (TS) +22.1%/yr, Oil States International (OIS) +8.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Tenaris (TS) has been the steadiest (Forum Energy Technologies (FET) 55.1%, Tenaris (TS) 28.9%, Oil States International (OIS) 53.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FET, TS 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, Tenaris (TS) 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.