NGL vs SLB vs TS Stock Comparison

NGL Energy Partners, Slb and Tenaris Prices as of Oct 26, 2026 Peers: Industry group
NGL NGL Energy Partners LP
$15.95 +5.5% 1M +152.8% 1Y
Market cap
$2.03B
P/E
–
Revenue (TTM)
$3.52B
Div. yield
–
Oil and Gas Pipelines Energy
4 wins
SLB Slb Limited/Nv
$53.10 +3.0% 1M +48.2% 1Y
Market cap
$80.60B
P/E
26.0x
Revenue (TTM)
$36.37B
Div. yield
–
Oilfield Services Energy
2 wins
TS Tenaris Sa
$59.32 +6.9% 1M +65.7% 1Y
Market cap
$63.58B
P/E
33.2x
Revenue (TTM)
$12.04B
Div. yield
–
Metal Fabrication Industrials
5 wins

Head to Head

11 decided of 12

Tenaris leads on 5 of the 12 questions below (Tenaris 5, NGL Energy Partners 4, Slb 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNGLSLBTSLeader
Larger companyMarket capitalisation $2.03B $80.60B $63.58B SLB
Cheaper on earningsLower P/E, profitable companies only -5.8x 26.0x 33.2x SLB
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.3x 21.1x 14.9x NGL
Faster revenue growthRevenue growth, trailing twelve months +5.8% +2.5% +2.3% NGL
More profitableNet margin, trailing twelve months -9.9% 8.5% 15.9% TS
Better return on capitalReturn on invested capital 4.8% 9.5% 12.7% TS
Less leveragedLower net debt / EBITDA 8.0x 1.2x -3.1x TS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +152.8% +48.2% +65.7% NGL
Better 5-year returnAnnualised price return, 5 years +46.6%/yr +10.3%/yr +21.5%/yr NGL
Less volatileAnnualised volatility, 1 year 51.5% 36.7% 29.0% TS
Higher overall scoreMean of the five percentile scores vs peers 36/100 57/100 58/100 TS

Percentile Scorecard

NGLSLBTS

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

AxisNGLSLBTS
Valuation 53 #17 of 35 26 #35 of 47 41 #120 of 203
Growth 6 #32 of 34 44 #25 of 44 18 #154 of 187
Profitability 12 #30 of 34 80 #9 of 41 80 #37 of 185
Financial Health 9 #32 of 35 56 #21 of 46 99 #4 of 219
Shareholder Returns 100 #1 of 31 77 #8 of 32 52 #74 of 153
Overall 36 57 58
  • NGL ranked among 35 companies in Oil and Gas Midstream
  • SLB ranked among 48 companies in Oilfield Services and Equipment
  • TS ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodNGLSLBTSSPY
1 month +5.5%+3.0%+6.9% -0.8%
3 months +6.2%+3.0%+5.2% +3.5%
6 months +10.2%-3.9%-6.1% +7.0%
Year to date +59.5%+38.4%+54.3% +12.2%
1 year +152.8%+48.2%+65.7% +13.0%
3 years +285.3%-4.9%+88.8% +86.3%
3 years, per year +56.8%-1.7%+23.6% +23.1%
5 years +575.8%+63.2%+164.5% +68.6%
5 years, per year +46.6%+10.3%+21.5% +11.0%
10 years -16.3%-33.6%+108.1% +258.0%
10 years, per year -1.8%-4.0%+7.6% +13.6%

Risk

MeasureNGLSLBTSSPY
Volatility, 1Y 51.5%36.7%29.0% 12.7%
Downside volatility, 1Y 43.1%33.4%29.4% 12.7%
Beta vs S&P 500, 1Y 0.360.730.32 1.00
Return / volatility, 1Y 2.971.312.27 1.02
Max drawdown, 5Y -61.5%-48.9%-33.7% -25.4%
From 52-week high -16.0%-11.7%-7.3% -1.8%
52-week high $18.98$60.12$64.02 $779.14
52-week low $6.35$35.19$37.11 $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.

MultipleNGLSLBTS
P/E now vs peer median -5.7xmedian 21.0x 25.5xmedian 25.5x 32.8xmedian 26.0x
P/S now vs peer median 0.6xmedian 2.7x 2.2xmedian 1.2x 5.3xmedian 1.9x
EV/EBITDA now vs peer median 12.9xmedian 11.0x 11.8xmedian 8.6x 19.2xmedian 14.0x
P/FCF now vs peer median 19.5xmedian 16.6x 16.4xmedian 14.7x 22.8xmedian 21.4x
P/B now vs peer median -8.4xmedian 2.6x 2.9xmedian 1.6x 3.7xmedian 2.2x
PEG now vs peer median 0.09median 1.92 -2.84median 0.41 —median 1.26

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 monthsNGLSLBTS
Revenue $3.52B $36.37B $12.04B
Gross profit $1.04B $6.01B $4.08B
Operating income $142.60M $4.68B $2.23B
Net income -$131.86M $3.15B $1.97B
Free cash flow $101.88M $4.81B $2.78B
R&D – $692.00M –
EPS (diluted) $-2.73 $2.06 –
Cash & equivalents $5.07M $2.74B $9.02B
Total debt $3.28B $12.80B $1.27B
Shares (diluted) 128.09M 1.51B –
Enterprise value $2.00B $76.53B $34.62B

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
MetricNGLSLBTS
P/E -5.7x 25.5x 32.8x
P/FCF 19.5x 16.4x 22.8x
P/Operating cash flow 4.9x 12.1x 28.4x
P/S 0.6x 2.2x 5.3x
P/B -8.4x 2.9x 3.7x
P/Tangible book -1.9x 3.5x 3.7x
EV/EBITDA 12.9x 11.8x 19.2x
EV/EBIT 36.9x 18.7x 24.6x
EV/Revenue 1.5x 2.4x 4.6x
EV/FCF 51.6x 18.2x 19.7x
EV/Operating cash flow 12.8x 13.4x 24.5x
PEG (3Y EPS CAGR) 0.09 -2.84 –

Growth

14 metrics
MetricNGLSLBTS
Revenue growth (1Y) 5.8% 2.5% 2.3%
Revenue CAGR (3Y) -4.9% 5.3% -6.7%
Gross profit growth (1Y) 6.0% -15.3% 2.7%
Gross profit CAGR (3Y) 2.3% -0.2% -13.9%
Operating income growth (1Y) -58.6% -16.5% 0.0%
Operating income CAGR (3Y) -14.6% -2.2% -20.6%
Net income growth (1Y) -228.9% -25.2% -3.3%
Net income CAGR (3Y) -67.4% -7.6% -18.8%
EPS growth (1Y) -560.3% -31.3% –
EPS CAGR (3Y) -63.2% -9.0% –
Operating cash flow growth (1Y) 8.1% -1.6% -11.7%
Operating cash flow CAGR (3Y) -6.3% 8.5% -9.6%
Free cash flow growth (1Y) -39.9% 0.1% -13.2%
Free cash flow CAGR (3Y) -34.1% 21.2% -7.8%

Profitability

14 metrics
MetricNGLSLBTS
Gross margin 29.5% 16.5% 33.9%
EBITDA margin 11.6% 20.5% 23.7%
Operating margin 4.0% 12.9% 18.5%
Pretax margin -3.7% 10.8% 20.5%
Net margin -9.9% 8.5% 15.9%
FCF margin 2.9% 13.2% 23.1%
Operating cash flow margin 11.6% 18.0% 18.6%
Return on equity – 11.5% 11.4%
Return on assets -3.1% 5.7% 9.7%
Return on invested capital 4.8% 9.5% 12.7%
Return on capital employed 4.0% 11.4% 11.0%
Asset turnover 0.8x 0.7x 0.6x
Cash conversion (OCF / net income) -3.1x 2.1x 1.1x
Stock comp / revenue 0.1% 0.9% –

Financial Health

11 metrics
MetricNGLSLBTS
Debt / assets 78.4% 23.0% 1.5%
Debt / equity -13.8x 0.5x 0.0x
Net debt / EBITDA 8.0x 1.2x -3.1x
Debt / FCF 32.2x 2.7x 0.1x
Liabilities / assets 105.7% 50.9% 15.2%
Equity / assets -5.7% 49.1% 84.8%
Interest coverage 0.6x 9.1x 45.4x
Current ratio 1.1x 1.4x –
Quick ratio 1.0x 0.9x 70.8x
Cash ratio 0.0x 0.3x 58.2x
Altman Z-score – 3.21 –

Shareholder Returns

7 metrics
MetricNGLSLBTS
Dividend yield – 2.2% 3.0%
Net buyback yield 18.2% 1.1% -1.5%
Shareholder yield 18.2% 3.3% 1.5%
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.

ConsensusNGLSLBTS
Forward P/E 12.3xFY2026 21.1xFY2026 14.9xFY2026
EPS, next fiscal year $1.30FY2026 $2.52FY2026 $3.97FY2026
EPS growth, next FY – -14.0%FY2026 +8.5%FY2026
EPS growth, the year after +31.5% +17.1% +1.5%
Revenue, next fiscal year $3.82BFY2026 $38.38BFY2026 $12.99BFY2026
Revenue growth, next FY +21.0%FY2026 +7.5%FY2026 +8.4%FY2026
Revenue growth, the year after -6.2% +0.5% -6.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNGLSLBTS
Held by institutions 60.3% 89.8% 3.6%
Institutions holding 88 1,698 283
Change in shares held, QoQ +3.5% +1.6% -2.4%
Institutions buying 25 783 154
Institutions selling 29 663 78
Buyers to sellers 0.86 1.18 1.97

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.

NGLSLBTS
NGL 1.00 0.19 0.19
SLB 0.19 1.00 0.53
TS 0.19 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NGL, SLB and TS?

Slb (SLB) is the largest by market capitalisation: NGL Energy Partners (NGL) $2.03B, Slb (SLB) $80.60B, Tenaris (TS) $63.58B.

Which stock is cheaper, NGL, SLB and TS?

Slb (SLB) trades on the lowest price-to-earnings ratio (NGL Energy Partners (NGL) -5.8x, Slb (SLB) 26.0x, Tenaris (TS) 33.2x). On next year's consensus earnings, NGL Energy Partners (NGL) is cheapest (NGL Energy Partners (NGL) 12.3x, Slb (SLB) 21.1x, Tenaris (TS) 14.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

NGL Energy Partners (NGL) grew revenue fastest over the trailing twelve months: NGL Energy Partners (NGL) +5.8%, Slb (SLB) +2.5%, Tenaris (TS) +2.3%.

Which company is more profitable?

Tenaris (TS) has the highest net margin (NGL Energy Partners (NGL) -9.9%, Slb (SLB) 8.5%, Tenaris (TS) 15.9%). On return on invested capital, Tenaris (TS) leads (NGL Energy Partners (NGL) 4.8%, Slb (SLB) 9.5%, Tenaris (TS) 12.7%).

Which stock has performed better?

Over the past year NGL Energy Partners (NGL) returned the most: NGL Energy Partners (NGL) +152.8%, Slb (SLB) +48.2%, Tenaris (TS) +65.7%. Over five years, NGL Energy Partners (NGL) compounded fastest (NGL Energy Partners (NGL) +46.6%/yr, Slb (SLB) +10.3%/yr, Tenaris (TS) +21.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Tenaris (TS) has been the steadiest (NGL Energy Partners (NGL) 51.5%, Slb (SLB) 36.7%, Tenaris (TS) 29.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NGL, SLB and TS?

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 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.