NEWH vs NEXT vs EQNR Stock Comparison

NewHydrogen, NextDecade and Equinor Asa Prices as of Oct 28, 2026 Peers: Industry group
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NEWH NewHydrogen, Inc.
$0.02 0.0% 1M -33.3% 1Y
Market cap
$20.82M
P/E
–
Revenue (TTM)
—
Div. yield
–
Hydrogen Energy
NEXT NextDecade Corp
$6.51 -0.8% 1M +7.6% 1Y
Market cap
$1.90B
P/E
–
Revenue (TTM)
—
Div. yield
–
LNG and Gas Processing Energy
1 win
EQNR Equinor Asa
$47.65 +12.7% 1M +97.8% 1Y
Market cap
$123.09B
P/E
11.1x
Revenue (TTM)
$121.56B
Div. yield
–
Integrated Oil and Gas Energy
5 wins

Head to Head

6 decided of 12

Equinor Asa leads on 5 of the 12 questions below (Equinor Asa 5, NextDecade 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNEWHNEXTEQNRLeader
Larger companyMarket capitalisation $20.82M $1.90B $123.09B EQNR
Cheaper on earningsLower P/E, profitable companies only -5.4x -5.3x 11.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 8.8x –
Faster revenue growthRevenue growth, trailing twelve months — — +11.8% –
More profitableNet margin, trailing twelve months — — 9.1% –
Better return on capitalReturn on invested capital — — 57.3% –
Less leveragedLower net debt / EBITDA — -72.0x 0.0x NEXT
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -33.3% +7.6% +97.8% EQNR
Better 5-year returnAnnualised price return, 5 years 0.0%/yr +12.2%/yr +13.4%/yr EQNR
Less volatileAnnualised volatility, 1 year 272.5% 60.2% 39.0% EQNR
Higher overall scoreMean of the five percentile scores vs peers 13/100 11/100 78/100 EQNR

Percentile Scorecard

NEWHNEXTEQNR

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

AxisNEWHNEXTEQNR
Valuation 10 #10 of 11 12 #31 of 35 88 #13 of 99
Growth 10 #10 of 11 0 #34 of 34 92 #9 of 97
Profitability – 3 #33 of 34 90 #11 of 96
Financial Health 20 #9 of 11 6 #33 of 35 63 #38 of 102
Shareholder Returns – 37 #20 of 31 55 #35 of 77
Overall 13 11 78
  • NEWH ranked among 11 companies in Renewable Fuels
  • NEXT ranked among 35 companies in Oil and Gas Midstream
  • EQNR ranked among 103 companies in Oil and Gas Upstream

Price Performance

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

Returns

PeriodNEWHNEXTEQNRSPY
1 month 0.0%-0.8%+12.7% +0.9%
3 months 0.0%+2.7%+16.4% +5.9%
6 months -50.0%-15.3%+18.9% +8.5%
Year to date 0.0%+23.5%+101.7% +13.3%
1 year -33.3%+7.6%+97.8% +12.4%
3 years +100.0%+49.7%+41.9% +88.1%
3 years, per year +26.0%+14.4%+12.4% +23.5%
5 years 0.0%+77.4%+87.4% +68.2%
5 years, per year 0.0%+12.2%+13.4% +11.0%
10 years -75.0%—+188.3% +263.4%
10 years, per year -12.9%—+11.2% +13.8%

Risk

MeasureNEWHNEXTEQNRSPY
Volatility, 1Y 272.5%60.2%39.0% 12.7%
Downside volatility, 1Y 882.2%62.9%38.5% 12.7%
Beta vs S&P 500, 1Y -0.05-0.69-1.10 1.00
Return / volatility, 1Y -0.120.132.51 0.98
Max drawdown, 5Y -83.3%-60.0%-47.8% -25.4%
From 52-week high -50.0%-28.6%-2.4% -0.9%
52-week high $0.04$9.12$48.81 $779.14
52-week low $0.01$4.80$22.41 $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.

MultipleNEWHNEXTEQNR
P/E now vs peer median -4.2xmedian 10.6x -4.8xmedian 19.6x 11.1xmedian 12.4x
P/S now vs peer median —median 1.2x —median 2.7x 1.0xmedian 2.0x
EV/EBITDA now vs peer median -4.2xmedian 14.1x -84.1xmedian 10.9x 2.3xmedian 5.9x
P/FCF now vs peer median -6.5xmedian 13.8x -0.3xmedian 16.6x 5.2xmedian 10.0x
P/B now vs peer median -5.0xmedian 1.2x 0.6xmedian 2.5x 2.7xmedian 1.5x
PEG now vs peer median -0.26median 0.19 -3.96median 1.72 —median 0.92

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 monthsNEWHNEXTEQNR
Revenue – – $121.56B
Operating income -$3.88M -$227.43M $39.22B
Net income -$3.88M -$369.00M $11.80B
Free cash flow -$2.54M -$5.73B $22.82B
R&D $1.30M $11.44M $939.00M
EPS (diluted) $0.00 $-1.35 $4.26
Cash & equivalents $301.51K $83.68M $6.30B
Total debt – $31.55B $24.40B
Shares (diluted) 819.51M 265.39M 2.60B
Enterprise value $17.62M $1.32B $35.94B

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
MetricNEWHNEXTEQNR
P/E -4.2x -4.8x 11.1x
P/FCF -6.5x -0.3x 5.2x
P/Operating cash flow -6.5x -7.7x 4.9x
P/S – – 1.0x
P/B -5.0x 0.6x 2.7x
P/Tangible book -5.0x 0.6x 2.7x
EV/EBITDA -4.2x -84.1x 2.3x
EV/EBIT -4.2x -53.0x 3.0x
EV/Revenue – – 1.0x
EV/FCF -6.3x -2.1x 5.2x
EV/Operating cash flow -6.3x -53.7x 4.9x
PEG (3Y EPS CAGR) -0.26 -3.96 –

Growth

14 metrics
MetricNEWHNEXTEQNR
Revenue growth (1Y) – – 11.8%
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -89.6% -12.8% 37.1%
Operating income CAGR (3Y) 12.2% -35.6% –
Net income growth (1Y) -89.7% -62.2% 105.5%
Net income CAGR (3Y) 12.2% -25.8% –
EPS growth (1Y) -66.6% -70.1% 160.6%
EPS CAGR (3Y) 16.5% 1.2% –
Operating cash flow growth (1Y) -41.4% -54.5% 22.4%
Operating cash flow CAGR (3Y) -23.4% -52.1% –
Free cash flow growth (1Y) -41.4% -101.2% 257.0%
Free cash flow CAGR (3Y) -23.4% -238.3% –

Profitability

14 metrics
MetricNEWHNEXTEQNR
Gross margin – – –
EBITDA margin – – 41.9%
Operating margin – – 32.3%
Pretax margin – – 32.8%
Net margin – – 9.1%
FCF margin – – 18.8%
Operating cash flow margin – – 20.0%
Return on equity – -14.3% 26.8%
Return on assets -657.0% -2.6% 834.8%
Return on invested capital – – 57.3%
Return on capital employed -945.4% -1.8% –
Asset turnover – – 86.0x
Cash conversion (OCF / net income) 0.7x 0.6x 2.1x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricNEWHNEXTEQNR
Debt / assets – 68.5% 1,674%
Debt / equity – 3.7x 0.5x
Net debt / EBITDA – -72.0x 0.0x
Debt / FCF – -1.8x 1.1x
Liabilities / assets 976.5% 81.5% -2,981%
Equity / assets -876.5% 18.5% 3,081%
Interest coverage – -0.8x –
Current ratio 2.0x 0.4x 1.2x
Quick ratio 1.7x 0.0x 0.9x
Cash ratio 1.7x 0.0x 0.6x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricNEWHNEXTEQNR
Dividend yield – – 3.2%
Net buyback yield -4.7% 1.0% –
Shareholder yield -4.7% 1.0% 3.2%
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.

ConsensusNEWHNEXTEQNR
Forward P/E – – 8.8xFY2026
EPS, next fiscal year – $-2.37FY2026 $5.41FY2026
EPS growth, next FY – – +119.0%FY2026
EPS growth, the year after – – -15.7%
Revenue, next fiscal year – $0.00FY2026 $120.69BFY2026
Revenue growth, next FY – – +14.0%FY2026
Revenue growth, the year after – – -1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNEWHNEXTEQNR
Held by institutions – 40.9% 6.6%
Institutions holding – 207 409
Change in shares held, QoQ – -2.2% +1.8%
Institutions buying – 133 230
Institutions selling – 46 115
Buyers to sellers – 2.89 2.00

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.

NEWHNEXTEQNR
NEWH 1.00 0.04 0.07
NEXT 0.04 1.00 0.57
EQNR 0.07 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NEWH, NEXT and EQNR?

Equinor Asa (EQNR) is the largest by market capitalisation: NewHydrogen (NEWH) $20.82M, NextDecade (NEXT) $1.90B, Equinor Asa (EQNR) $123.09B.

Which stock has performed better?

Over the past year Equinor Asa (EQNR) returned the most: NewHydrogen (NEWH) -33.3%, NextDecade (NEXT) +7.6%, Equinor Asa (EQNR) +97.8%. Over five years, Equinor Asa (EQNR) compounded fastest (NewHydrogen (NEWH) 0.0%/yr, NextDecade (NEXT) +12.2%/yr, Equinor Asa (EQNR) +13.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Equinor Asa (EQNR) has been the steadiest (NewHydrogen (NEWH) 272.5%, NextDecade (NEXT) 60.2%, Equinor Asa (EQNR) 39.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NEWH, NEXT and EQNR?

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