FPS vs HYLN vs VGTK Stock Comparison

Forgent Power Solutions, Hyliion Holdings and Viking Global Technologies Prices as of Nov 5, 2026 Peers: Industry group
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HYLN Hyliion Holdings Corp.
$2.63 -34.7% 1M +20.6% 1Y
Market cap
$504.99M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
3 wins

Head to Head

7 decided of 12

Forgent Power Solutions leads on 3 of the 12 questions below (Forgent Power Solutions 3, Hyliion Holdings 3, Viking Global Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFPSHYLNVGTKLeader
Larger companyMarket capitalisation $4.44B $504.99M $10.85M FPS
Cheaper on earningsLower P/E, profitable companies only 64.2x -9.7x -1.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.0x — — –
Faster revenue growthRevenue growth, trailing twelve months — +163.2% — –
More profitableNet margin, trailing twelve months 5.0% -564.3% — FPS
Better return on capitalReturn on invested capital 10.7% — — –
Less leveragedLower net debt / EBITDA 2.2x — -16.2x VGTK
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — +20.6% -20.0% HYLN
Better 5-year returnAnnualised price return, 5 years — -21.1%/yr -77.3%/yr HYLN
Less volatileAnnualised volatility, 1 year 97.3% 99.4% 140.8% FPS
Higher overall scoreMean of the five percentile scores vs peers 28/100 57/100 45/100 HYLN

Percentile Scorecard

FPSHYLNVGTK

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

AxisFPSHYLNVGTK
Valuation 10 #183 of 204 32 #43 of 63 52 #31 of 63
Growth – 90 #7 of 60 81 #12 of 60
Profitability 48 #98 of 189 11 #51 of 57 –
Financial Health 24 #168 of 221 96 #4 of 72 3 #70 of 72
Shareholder Returns – – –
Overall 28 57 45
  • FPS ranked among 223 companies in Machinery
  • HYLN ranked among 72 companies in Clean Energy Equipment
  • VGTK ranked among 72 companies in Clean Energy Equipment

Price Performance

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

Returns

PeriodFPSHYLNVGTKSPY
1 month -56.3%-34.7%+33.3% -5.9%
3 months -52.0%-33.4%+33.3% -4.6%
6 months -54.4%+6.5%+33.3% +0.2%
Year to date —+42.9%0.0% +7.5%
1 year —+20.6%-20.0% +8.2%
3 years —+304.7%-88.2% +68.3%
3 years, per year —+59.4%-51.0% +19.0%
5 years —-69.3%-99.9% +56.5%
5 years, per year —-21.1%-77.3% +9.4%
10 years ——-100.0% +251.5%
10 years, per year ——-87.4% +13.4%

Risk

MeasureFPSHYLNVGTKSPY
Volatility, 1Y 97.3%99.4%140.8% 13.6%
Downside volatility, 1Y 101.8%94.0%480.5% 14.2%
Beta vs S&P 500, 1Y 3.583.091.17 1.00
Return / volatility, 1Y —0.21-0.14 0.60
Max drawdown, 5Y -72.0%-94.0%-100.0% -25.4%
From 52-week high -72.0%-67.5%-20.0% -5.9%
52-week high $64.59$8.10$0.05 $779.14
52-week low $18.08$1.58$0.02 $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.

MultipleFPSHYLNVGTK
P/E now vs peer median 63.6xmedian 23.4x -9.0xmedian 25.0x -1.2xmedian 25.0x
P/S now vs peer median 3.4xmedian 1.7x 50.8xmedian 2.3x —median 2.3x
EV/EBITDA now vs peer median 24.0xmedian 13.4x -8.0xmedian 18.3x -20.1xmedian 18.3x
P/FCF now vs peer median -152.1xmedian 21.9x -8.3xmedian 28.3x -10.6xmedian 28.3x
P/B now vs peer median 7.0xmedian 2.1x 2.8xmedian 1.8x -0.2xmedian 1.8x
PEG now vs peer median —median 1.02 -0.30median 0.65 0.04median 0.65

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 monthsFPSHYLNVGTK
Revenue $1.37B $9.25M –
Gross profit $479.35M $603.00K –
Operating income $159.62M -$58.73M -$6.18M
Net income $85.72M -$52.19M -$9.98M
Free cash flow -$30.89M -$56.62M -$1.06M
R&D – $37.27M –
EPS (diluted) $0.28 $-0.29 $-0.03
Cash & equivalents $97.48M $13.20M $393.73K
Total debt $582.18M – $47.10M
Shares (diluted) 243.80M 178.44M 281.77M
Enterprise value $4.04B $170.88M $9.59M

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
MetricFPSHYLNVGTK
P/E 63.6x -9.0x -1.2x
P/FCF -152.1x -8.3x -10.6x
P/Operating cash flow 53.2x -11.1x -10.6x
P/S 3.4x 50.8x –
P/B 7.0x 2.8x -0.2x
P/Tangible book 12.3x 2.8x -0.2x
EV/EBITDA 24.0x -8.0x -20.1x
EV/EBIT 32.5x -6.9x -9.4x
EV/Revenue 3.8x 43.9x –
EV/FCF -167.8x -7.2x -54.5x
EV/Operating cash flow 58.7x -9.6x -54.5x
PEG (3Y EPS CAGR) – -0.30 0.04

Growth

14 metrics
MetricFPSHYLNVGTK
Revenue growth (1Y) – 163.2% –
Revenue CAGR (3Y) – 62.1% –
Gross profit growth (1Y) – 154.4% –
Gross profit CAGR (3Y) – 29.7% –
Operating income growth (1Y) – 11.9% 37.1%
Operating income CAGR (3Y) – 29.6% 9.9%
Net income growth (1Y) – 7.3% 74.4%
Net income CAGR (3Y) – 30.7% -36.5%
EPS growth (1Y) – 8.9% 71.6%
EPS CAGR (3Y) – 30.4% -26.4%
Operating cash flow growth (1Y) – 10.5% 48.1%
Operating cash flow CAGR (3Y) – 30.3% 38.5%
Free cash flow growth (1Y) – 16.0% 48.7%
Free cash flow CAGR (3Y) – 24.4% 38.7%

Profitability

14 metrics
MetricFPSHYLNVGTK
Gross margin 34.9% 6.5% –
EBITDA margin 15.7% -551.3% –
Operating margin 11.6% -635.2% –
Pretax margin 7.7% -564.5% –
Net margin 5.0% -564.3% –
FCF margin -2.2% -612.3% –
Operating cash flow margin 6.4% -458.2% –
Return on equity 13.7% -29.7% –
Return on assets 4.2% -28.2% -39.9%
Return on invested capital 10.7% – –
Return on capital employed 10.6% -33.4% –
Asset turnover 0.7x 0.0x –
Cash conversion (OCF / net income) 1.0x 0.8x 0.1x
Stock comp / revenue 0.6% 64.8% –

Financial Health

11 metrics
MetricFPSHYLNVGTK
Debt / assets 26.1% – 235.8%
Debt / equity 0.9x – -0.9x
Net debt / EBITDA 2.2x – -16.2x
Debt / FCF -18.8x – -44.3x
Liabilities / assets 69.9% 5.6% 365.9%
Equity / assets 30.1% 94.4% -265.9%
Interest coverage 2.8x – -3.7x
Current ratio 1.5x 7.6x 0.0x
Quick ratio 1.0x 7.1x 0.0x
Cash ratio 0.2x 6.8x 0.0x
Altman Z-score 2.86 25.62 –

Shareholder Returns

7 metrics
MetricFPSHYLNVGTK
Dividend yield – – –
Net buyback yield – – –
Shareholder yield – – –
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.

ConsensusFPSHYLNVGTK
Forward P/E 13.0xFY2027 – –
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
HoldersFPSHYLNVGTK
Held by institutions 55.4% 33.4% –
Institutions holding 370 168 –
Change in shares held, QoQ +46.0% +19.5% –
Institutions buying 297 106 –
Institutions selling 63 38 –
Buyers to sellers 4.71 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.

FPSHYLNVGTK
FPS 1.00 0.40 0.10
HYLN 0.40 1.00 0.08
VGTK 0.10 0.08 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, FPS, HYLN and VGTK?

Forgent Power Solutions (FPS) is the largest by market capitalisation: Forgent Power Solutions (FPS) $4.44B, Hyliion Holdings (HYLN) $504.99M, Viking Global Technologies (VGTK) $10.85M.

Which company is more profitable?

Forgent Power Solutions (FPS) has the highest net margin (Forgent Power Solutions (FPS) 5.0%, Hyliion Holdings (HYLN) -564.3%).

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: Hyliion Holdings (HYLN) +20.6%, Viking Global Technologies (VGTK) -20.0%. Over five years, Hyliion Holdings (HYLN) compounded fastest (Hyliion Holdings (HYLN) -21.1%/yr, Viking Global Technologies (VGTK) -77.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Forgent Power Solutions (FPS) has been the steadiest (Forgent Power Solutions (FPS) 97.3%, Hyliion Holdings (HYLN) 99.4%, Viking Global Technologies (VGTK) 140.8%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Forgent Power Solutions (FPS) leads on 3. 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.