Oil & Gas Equipment & Services
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HAL vs BKR vs SLB vs LBRT
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Equipment & Services
Oil & Gas Equipment & Services
Oil & Gas Equipment & Services
HAL vs BKR vs SLB vs LBRT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services |
| Market Cap | $34.84B | $67.22B | $84.06B | $5.46B |
| Revenue (TTM) | $22.17B | $27.89B | $35.71B | $4.05B |
| Net Income (TTM) | $1.54B | $3.12B | $3.35B | $150M |
| Gross Margin | 15.3% | 23.6% | 18.2% | 10.7% |
| Operating Margin | 11.3% | 25.3% | 15.3% | 1.5% |
| Forward P/E | 17.4x | 27.8x | 20.9x | 3568.1x |
| Total Debt | $8.13B | $7.14B | $12.31B | $873M |
| Cash & Equiv. | $2.21B | $3.71B | $3.04B | $28M |
HAL vs BKR vs SLB vs LBRT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Halliburton Company (HAL) | 100 | 343.8 | +243.8% |
| Baker Hughes Company (BKR) | 100 | 403.7 | +303.7% |
| SLB N.V. (SLB) | 100 | 298.6 | +198.6% |
| Liberty Energy Inc. (LBRT) | 100 | 630.5 | +530.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HAL vs BKR vs SLB vs LBRT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HAL is the #2 pick in this set and the best alternative if income & stability and sleep-well-at-night is your priority.
- Dividend streak 4 yrs, beta 0.57, yield 1.7%
- Lower volatility, beta 0.57, Low D/E 77.4%, current ratio 2.04x
- Beta 0.57, yield 1.7%, current ratio 2.04x
- Lower P/E (17.4x vs 3568.1x)
BKR carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -0.3%, EPS growth -12.8%, 3Y rev CAGR 9.4%
- 195.1% 10Y total return vs LBRT's 106.1%
- -0.3% revenue growth vs LBRT's -7.2%
- 11.2% margin vs LBRT's 3.7%
SLB is the clearest fit if your priority is dividends.
- 1.9% yield, 4-year raise streak, vs LBRT's 1.0%
LBRT is the clearest fit if your priority is momentum.
- +195.5% vs SLB's +69.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -0.3% revenue growth vs LBRT's -7.2% | |
| Value | Lower P/E (17.4x vs 3568.1x) | |
| Quality / Margins | 11.2% margin vs LBRT's 3.7% | |
| Stability / Safety | Beta 0.57 vs LBRT's 1.31 | |
| Dividends | 1.9% yield, 4-year raise streak, vs LBRT's 1.0% | |
| Momentum (1Y) | +195.5% vs SLB's +69.3% | |
| Efficiency (ROA) | 7.3% ROA vs LBRT's 4.0%, ROIC 12.7% vs 2.3% |
HAL vs BKR vs SLB vs LBRT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HAL vs BKR vs SLB vs LBRT — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BKR leads in 2 of 6 categories
LBRT leads 2 • HAL leads 1 • SLB leads 1
Explore the data ↓Income & Cash Flow (Last 12 Months)
BKR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SLB is the larger business by revenue, generating $35.7B annually — 8.8x LBRT's $4.0B. BKR is the more profitable business, keeping 11.2% of every revenue dollar as net income compared to LBRT's 3.7%. On growth, SLB holds the edge at +5.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $22.2B | $27.9B | $35.7B | $4.0B |
| EBITDAEarnings before interest/tax | $3.4B | $4.5B | $7.4B | $549M |
| Net IncomeAfter-tax profit | $1.5B | $3.1B | $3.4B | $150M |
| Free Cash FlowCash after capex | $1.7B | $2.6B | $4.8B | -$193M |
| Gross MarginGross profit ÷ Revenue | +15.3% | +23.6% | +18.2% | +10.7% |
| Operating MarginEBIT ÷ Revenue | +11.3% | +25.3% | +15.3% | +1.5% |
| Net MarginNet income ÷ Revenue | +6.9% | +11.2% | +9.4% | +3.7% |
| FCF MarginFCF ÷ Revenue | +7.6% | +9.4% | +13.4% | -4.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.3% | +2.5% | +5.0% | +4.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +129.2% | +132.5% | -31.2% | +16.7% |
Valuation Metrics
LBRT leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 23.8x trailing earnings, SLB trades at a 37% valuation discount to LBRT's 37.9x P/E. On an enterprise value basis, LBRT's 10.8x EV/EBITDA is more attractive than BKR's 14.9x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $34.8B | $67.2B | $84.1B | $5.5B |
| Enterprise ValueMkt cap + debt − cash | $40.8B | $70.7B | $93.3B | $6.3B |
| Trailing P/EPrice ÷ TTM EPS | 27.81x | 26.07x | 23.83x | 37.87x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.39x | 27.79x | 20.90x | 3568.13x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 12.00x | 14.89x | 12.67x | 10.84x |
| Price / SalesMarket cap ÷ Revenue | 1.57x | 2.42x | 2.35x | 1.36x |
| Price / BookPrice ÷ Book value/share | 3.34x | 3.54x | 3.05x | 2.69x |
| Price / FCFMarket cap ÷ FCF | 20.84x | 26.50x | 17.53x | 387.18x |
Profitability & Efficiency
BKR leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
BKR delivers a 16.1% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $7 for LBRT. BKR carries lower financial leverage with a 0.38x debt-to-equity ratio, signaling a more conservative balance sheet compared to HAL's 0.77x. On the Piotroski fundamental quality scale (0–9), BKR scores 6/9 vs LBRT's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +14.6% | +16.1% | +13.9% | +7.4% |
| ROA (TTM)Return on assets | +6.1% | +7.3% | +6.5% | +4.0% |
| ROICReturn on invested capital | +10.2% | +12.7% | +12.1% | +2.3% |
| ROCEReturn on capital employed | +11.6% | +13.6% | +14.3% | +3.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 4 | 4 |
| Debt / EquityFinancial leverage | 0.77x | 0.38x | 0.45x | 0.42x |
| Net DebtTotal debt minus cash | $5.9B | $3.4B | $9.3B | $846M |
| Cash & Equiv.Liquid assets | $2.2B | $3.7B | $3.0B | $28M |
| Total DebtShort + long-term debt | $8.1B | $7.1B | $12.3B | $873M |
| Interest CoverageEBIT ÷ Interest expense | 9.19x | 9.68x | 9.40x | 5.24x |
Total Returns (Dividends Reinvested)
LBRT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BKR five years ago would be worth $31,880 today (with dividends reinvested), compared to $19,960 for SLB. Over the past 12 months, LBRT leads with a +195.5% total return vs SLB's +69.3%. The 3-year compound annual growth rate (CAGR) favors LBRT at 41.6% vs SLB's 9.0% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +41.5% | +44.8% | +40.0% | +79.0% |
| 1-Year ReturnPast 12 months | +113.5% | +87.6% | +69.3% | +195.5% |
| 3-Year ReturnCumulative with dividends | +46.3% | +150.1% | +29.6% | +184.1% |
| 5-Year ReturnCumulative with dividends | +102.3% | +218.8% | +99.6% | +162.7% |
| 10-Year ReturnCumulative with dividends | +19.1% | +195.1% | -8.4% | +106.1% |
| CAGR (3Y)Annualised 3-year return | +13.5% | +35.7% | +9.0% | +41.6% |
Risk & Volatility
HAL leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HAL is the less volatile stock with a 0.57 beta — it tends to amplify market swings less than LBRT's 1.31 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.57x | 0.83x | 0.87x | 1.31x |
| 52-Week HighHighest price in past year | $42.46 | $70.41 | $57.20 | $34.41 |
| 52-Week LowLowest price in past year | $19.22 | $35.83 | $31.64 | $9.90 |
| % of 52W HighCurrent price vs 52-week peak | +98.2% | +96.3% | +97.9% | +97.9% |
| RSI (14)Momentum oscillator 0–100 | 66.8 | 67.2 | 61.4 | 67.9 |
| Avg Volume (50D)Average daily shares traded | 15.0M | 9.0M | 16.2M | 4.2M |
Analyst Outlook
SLB leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: HAL as "Buy", BKR as "Buy", SLB as "Buy", LBRT as "Buy". Consensus price targets imply 6.2% upside for BKR (target: $72) vs -11.1% for HAL (target: $37). For income investors, SLB offers the higher dividend yield at 1.92% vs LBRT's 0.97%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $37.08 | $72.00 | $56.95 | $34.00 |
| # AnalystsCovering analysts | 64 | 45 | 66 | 19 |
| Dividend YieldAnnual dividend ÷ price | +1.7% | +1.4% | +1.9% | +1.0% |
| Dividend StreakConsecutive years of raises | 4 | 4 | 4 | 4 |
| Dividend / ShareAnnual DPS | $0.69 | $0.92 | $1.08 | $0.33 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.9% | +0.6% | +2.9% | +0.5% |
BKR leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). LBRT leads in 2 (Valuation Metrics, Total Returns).
HAL vs BKR vs SLB vs LBRT: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is HAL or BKR or SLB or LBRT a better buy right now?
For growth investors, Baker Hughes Company (BKR) is the stronger pick with -0.
3% revenue growth year-over-year, versus -7. 2% for Liberty Energy Inc. (LBRT). SLB N. V. (SLB) offers the better valuation at 23. 8x trailing P/E (20. 9x forward), making it the more compelling value choice. Analysts rate Halliburton Company (HAL) a "Buy" — based on 64 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HAL or BKR or SLB or LBRT?
On trailing P/E, SLB N.
V. (SLB) is the cheapest at 23. 8x versus Liberty Energy Inc. at 37. 9x. On forward P/E, Halliburton Company is actually cheaper at 17. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — HAL or BKR or SLB or LBRT?
Over the past 5 years, Baker Hughes Company (BKR) delivered a total return of +218.
8%, compared to +99. 6% for SLB N. V. (SLB). Over 10 years, the gap is even starker: BKR returned +186. 3% versus SLB's -8. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HAL or BKR or SLB or LBRT?
By beta (market sensitivity over 5 years), Halliburton Company (HAL) is the lower-risk stock at 0.
57β versus Liberty Energy Inc. 's 1. 31β — meaning LBRT is approximately 130% more volatile than HAL relative to the S&P 500. On balance sheet safety, Baker Hughes Company (BKR) carries a lower debt/equity ratio of 38% versus 77% for Halliburton Company — giving it more financial flexibility in a downturn.
05Which is growing faster — HAL or BKR or SLB or LBRT?
By revenue growth (latest reported year), Baker Hughes Company (BKR) is pulling ahead at -0.
3% versus -7. 2% for Liberty Energy Inc. (LBRT). On earnings-per-share growth, the picture is similar: Baker Hughes Company grew EPS -12. 8% year-over-year, compared to -52. 4% for Liberty Energy Inc.. Over a 3-year CAGR, BKR leads at 9. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HAL or BKR or SLB or LBRT?
SLB N.
V. (SLB) is the more profitable company, earning 9. 4% net margin versus 3. 7% for Liberty Energy Inc. — meaning it keeps 9. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SLB leads at 15. 3% versus 2. 0% for LBRT. At the gross margin level — before operating expenses — BKR leads at 23. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HAL or BKR or SLB or LBRT more undervalued right now?
On forward earnings alone, Halliburton Company (HAL) trades at 17.
4x forward P/E versus 3568. 1x for Liberty Energy Inc. — 3550. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BKR: 6. 2% to $72. 00.
08Which pays a better dividend — HAL or BKR or SLB or LBRT?
All stocks in this comparison pay dividends.
SLB N. V. (SLB) offers the highest yield at 1. 9%, versus 1. 0% for Liberty Energy Inc. (LBRT).
09Is HAL or BKR or SLB or LBRT better for a retirement portfolio?
For long-horizon retirement investors, Halliburton Company (HAL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
57), 1. 7% yield). Both have compounded well over 10 years (HAL: +17. 2%, LBRT: +98. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HAL and BKR and SLB and LBRT?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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