FPS vs GEV vs HYLN Stock Comparison

Forgent Power Solutions, GE Vernova and Hyliion Holdings Prices as of Oct 28, 2026 Peers: Industry group
GEV GE Vernova Inc.
$878.57 -7.5% 1M +53.9% 1Y
Market cap
$232.54B
P/E
22.5x
Revenue (TTM)
$44.04B
Div. yield
0.23%
Power Equipment Industrials
5 wins
HYLN Hyliion Holdings Corp.
$3.37 -15.3% 1M +59.0% 1Y
Market cap
$601.87M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
2 wins

Head to Head

7 decided of 12

GE Vernova leads on 5 of the 12 questions below (GE Vernova 5, Hyliion Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFPSGEVHYLNLeader
Larger companyMarket capitalisation $8.03B $232.54B $601.87M GEV
Cheaper on earningsLower P/E, profitable companies only 87.0x 22.5x -11.5x GEV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.0x — — –
Faster revenue growthRevenue growth, trailing twelve months — +16.9% +163.2% HYLN
More profitableNet margin, trailing twelve months — 23.5% -564.3% GEV
Better return on capitalReturn on invested capital — 18.1% — –
Less leveragedLower net debt / EBITDA — -3.3x — –
Higher dividend yieldTrailing dividend yield — 0.23% — –
Better 1-year returnPrice return, last 12 months — +53.9% +59.0% HYLN
Better 5-year returnAnnualised price return, 5 years — — -16.1%/yr –
Less volatileAnnualised volatility, 1 year 91.3% 53.8% 98.9% GEV
Higher overall scoreMean of the five percentile scores vs peers — 84/100 57/100 GEV

Percentile Scorecard

FPSGEVHYLN

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

AxisFPSGEVHYLN
Valuation 5 #193 of 203 75 #16 of 61 33 #41 of 61
Growth – 98 #2 of 58 88 #8 of 58
Profitability – 94 #4 of 55 13 #48 of 55
Financial Health 20 #174 of 217 57 #31 of 71 93 #6 of 71
Shareholder Returns – 93 #3 of 29 –
Overall – 84 57
  • FPS ranked among 222 companies in Machinery
  • GEV ranked among 71 companies in Clean Energy Equipment
  • HYLN ranked among 71 companies in Clean Energy Equipment

Price Performance

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

Returns

PeriodFPSGEVHYLNSPY
1 month -20.0%-7.5%-15.3% +0.9%
3 months +0.0%-2.4%+4.7% +5.9%
6 months -19.4%-17.4%+88.3% +8.5%
Year to date —+34.4%+83.2% +13.3%
1 year —+53.9%+59.0% +12.4%
3 years ——+497.4% +88.1%
3 years, per year ——+81.5% +23.5%
5 years ——-58.3% +68.2%
5 years, per year ——-16.1% +11.0%

Risk

MeasureFPSGEVHYLNSPY
Volatility, 1Y 91.3%53.8%98.9% 12.7%
Downside volatility, 1Y 90.8%53.8%92.9% 12.7%
Beta vs S&P 500, 1Y 3.632.153.18 1.00
Return / volatility, 1Y —1.000.60 0.98
Max drawdown, 5Y -62.5%-38.3%-94.0% -25.4%
From 52-week high -54.7%-25.2%-58.4% -0.9%
52-week high $64.59$1,174.86$8.10 $779.14
52-week low $24.22$547.96$1.58 $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.

MultipleFPSGEVHYLN
P/E now vs peer median 87.0xmedian 25.4x 22.5xmedian 29.4x -11.5xmedian 29.4x
P/S now vs peer median 5.7xmedian 1.9x 5.3xmedian 2.6x 65.1xmedian 2.6x
EV/EBITDA now vs peer median —median 14.3x 51.4xmedian 18.4x -10.5xmedian 18.4x
P/FCF now vs peer median -1,177xmedian 21.8x 13.6xmedian 24.4x -10.6xmedian 24.4x
P/B now vs peer median 12.0xmedian 2.2x 18.5xmedian 1.8x 3.6xmedian 1.8x
PEG now vs peer median —median 1.41 —median 1.07 -0.38median 1.07

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 monthsFPSGEVHYLN
Revenue – $44.04B $9.25M
Gross profit – $9.57B $603.00K
Operating income – $2.83B -$58.73M
Net income – $10.37B -$52.19M
Free cash flow – $17.12B -$56.62M
R&D – $1.36B $37.27M
EPS (diluted) – $38.69 $-0.29
Cash & equivalents $97.48M $16.76B $13.20M
Total debt $582.18M $2.80B –
Shares (diluted) 243.80M 268.00M 178.44M
Enterprise value $8.04B $184.79B $267.77M

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
MetricFPSGEVHYLN
P/E 87.0x 22.5x -11.5x
P/FCF -1,177x 13.6x -10.6x
P/Operating cash flow – 12.1x -14.2x
P/S 5.7x 5.3x 65.1x
P/B 12.0x 18.5x 3.6x
P/Tangible book 21.0x 28.4x 3.6x
EV/EBITDA – 51.4x -10.5x
EV/EBIT – 77.3x -9.2x
EV/Revenue – 5.0x 58.1x
EV/FCF – 12.8x -9.5x
EV/Operating cash flow – 11.4x -12.7x
PEG (3Y EPS CAGR) – – -0.38

Growth

14 metrics
MetricFPSGEVHYLN
Revenue growth (1Y) – 16.9% 163.2%
Revenue CAGR (3Y) – – 62.1%
Gross profit growth (1Y) – 30.5% 154.4%
Gross profit CAGR (3Y) – – 29.7%
Operating income growth (1Y) – 104.9% 11.9%
Operating income CAGR (3Y) – – 29.6%
Net income growth (1Y) – 504.8% 7.3%
Net income CAGR (3Y) – – 30.7%
EPS growth (1Y) – 524.3% 8.9%
EPS CAGR (3Y) – – 30.4%
Operating cash flow growth (1Y) – 460.4% 10.5%
Operating cash flow CAGR (3Y) – – 30.3%
Free cash flow growth (1Y) – 592.1% 16.0%
Free cash flow CAGR (3Y) – – 24.4%

Profitability

14 metrics
MetricFPSGEVHYLN
Gross margin – 21.7% 6.5%
EBITDA margin – 9.7% -551.3%
Operating margin – 6.4% -635.2%
Pretax margin – 20.2% -564.5%
Net margin – 23.5% -564.3%
FCF margin – 38.9% -612.3%
Operating cash flow margin – 43.6% -458.2%
Return on equity – 80.8% -29.7%
Return on assets – 12.4% -28.2%
Return on invested capital – 18.1% –
Return on capital employed – 13.4% -33.4%
Asset turnover – 0.5x 0.0x
Cash conversion (OCF / net income) – 1.9x 0.8x
Stock comp / revenue – – 64.8%

Financial Health

11 metrics
MetricFPSGEVHYLN
Debt / assets 26.1% 3.2% –
Debt / equity 0.9x 0.2x –
Net debt / EBITDA – -3.3x –
Debt / FCF – 0.2x –
Liabilities / assets 69.9% 85.5% 5.6%
Equity / assets 30.1% 14.5% 94.4%
Interest coverage – 13.0x –
Current ratio 1.5x 0.8x 7.6x
Quick ratio 1.0x 0.6x 7.1x
Cash ratio 0.2x 0.3x 6.8x
Altman Z-score – 2.56 33.51

Shareholder Returns

7 metrics
MetricFPSGEVHYLN
Dividend yield – 0.2% –
Net buyback yield – 2.7% –
Shareholder yield – 3.0% –
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.

ConsensusFPSGEVHYLN
Forward P/E 21.0xFY2027 – –
EPS, next fiscal year $1.39FY2027 – $-0.32FY2026
EPS growth, next FY +104.4%FY2027 – –
EPS growth, the year after +53.2% – –
Revenue, next fiscal year $2.41BFY2027 – $14.80MFY2026
Revenue growth, next FY +69.5%FY2027 – +325.2%FY2026
Revenue growth, the year after +38.0% – +127.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFPSGEVHYLN
Held by institutions 64.9% 79.1% 33.4%
Institutions holding 369 3,416 168
Change in shares held, QoQ +46.0% +4.0% +19.5%
Institutions buying 296 1,952 106
Institutions selling 63 982 38
Buyers to sellers 4.70 1.99 2.79

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.

FPSGEVHYLN
FPS 1.00 0.62 0.37
GEV 0.62 1.00 0.32
HYLN 0.37 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FPS, GEV and HYLN?

GE Vernova (GEV) is the largest by market capitalisation: Forgent Power Solutions (FPS) $8.03B, GE Vernova (GEV) $232.54B, Hyliion Holdings (HYLN) $601.87M.

Which stock is cheaper, FPS, GEV and HYLN?

GE Vernova (GEV) trades on the lowest price-to-earnings ratio (Forgent Power Solutions (FPS) 87.0x, GE Vernova (GEV) 22.5x, Hyliion Holdings (HYLN) -11.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hyliion Holdings (HYLN) grew revenue fastest over the trailing twelve months: GE Vernova (GEV) +16.9%, Hyliion Holdings (HYLN) +163.2%.

Which company is more profitable?

GE Vernova (GEV) has the highest net margin (GE Vernova (GEV) 23.5%, Hyliion Holdings (HYLN) -564.3%).

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: GE Vernova (GEV) +53.9%, Hyliion Holdings (HYLN) +59.0%. Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: GE Vernova (GEV) 0.23%. Forgent Power Solutions (FPS) and Hyliion Holdings (HYLN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, GE Vernova (GEV) has been the steadiest (Forgent Power Solutions (FPS) 91.3%, GE Vernova (GEV) 53.8%, Hyliion Holdings (HYLN) 98.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FPS, GEV and HYLN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, GE Vernova (GEV) leads on 5. 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.