HAL vs NCSM

For growth investors, NCS Multistage Holdings, Inc.

(NCSM) is the stronger pick with 13. 6% revenue growth year-over-year, versus -3. 3% for Halliburton Company (HAL). NCS Multistage Holdings, Inc. (NCSM) offers the better valuation at 4. 8x trailing P/E (9. 1x 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.

On trailing P/E, NCS Multistage Holdings, Inc.

(NCSM) is the cheapest at 4. 8x versus Halliburton Company at 27. 8x. On forward P/E, NCS Multistage Holdings, Inc. is actually cheaper at 9. 1x.

Over the past 5 years, Halliburton Company (HAL) delivered a total return of +102.

3%, compared to +60. 4% for NCS Multistage Holdings, Inc. (NCSM). Over 10 years, the gap is even starker: HAL returned +19. 1% versus NCSM's -89. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), NCS Multistage Holdings, Inc.

(NCSM) is the lower-risk stock at 0. 28β versus Halliburton Company's 0. 57β — meaning HAL is approximately 106% more volatile than NCSM relative to the S&P 500. On balance sheet safety, NCS Multistage Holdings, Inc. (NCSM) carries a lower debt/equity ratio of 9% versus 77% for Halliburton Company — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), NCS Multistage Holdings, Inc.

(NCSM) is pulling ahead at 13. 6% versus -3. 3% for Halliburton Company (HAL). On earnings-per-share growth, the picture is similar: NCS Multistage Holdings, Inc. grew EPS 239. 2% year-over-year, compared to -47. 0% for Halliburton Company. Over a 3-year CAGR, NCSM leads at 5. 9% 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.

NCS Multistage Holdings, Inc.

(NCSM) is the more profitable company, earning 12. 9% net margin versus 5. 8% for Halliburton Company — meaning it keeps 12. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HAL leads at 10. 2% versus 6. 4% for NCSM. At the gross margin level — before operating expenses — NCSM leads at 38. 2%, 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.

On forward earnings alone, NCS Multistage Holdings, Inc.

(NCSM) trades at 9. 1x forward P/E versus 18. 0x for Halliburton Company — 8. 9x cheaper on a one-year earnings basis.

In this comparison, HAL (1.

7% yield) pays a dividend. NCSM does not pay a meaningful dividend and should not be held primarily for income.

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: +19. 1%, NCSM: -89. 6%), 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.

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: HAL is a mid-cap quality compounder stock; NCSM is a small-cap deep-value stock. HAL pays a dividend while NCSM does not, making them suitable for different income and tax situations. 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.