Oil & Gas Exploration & Production
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NEXT vs SOC
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Drilling
NEXT vs SOC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Drilling |
| Market Cap | $2.02B | $1.84T |
| Revenue (TTM) | $0.00 | $1M |
| Net Income (TTM) | $-306M | $-498M |
| Gross Margin | — | -8.7% |
| Operating Margin | — | -367.6% |
| Forward P/E | — | 7.5x |
| Total Debt | $8.66B | $0.00 |
| Cash & Equiv. | $144M | $98M |
NEXT vs SOC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Apr 21 | May 26 | Return |
|---|---|---|---|
| NextDecade Corporat… (NEXT) | 100 | 344.8 | +244.8% |
| Sable Offshore Corp. (SOC) | 100 | 132.5 | +32.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NEXT vs SOC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NEXT carries the broadest edge in this set and is the clearest fit for sleep-well-at-night and defensive.
- Lower volatility, beta -0.14, current ratio 0.54x
- Beta -0.14, current ratio 0.54x
- -1.4% margin vs SOC's -391.5%
SOC is the clearest fit if your priority is growth exposure and long-term compounding.
- EPS growth 40.6%
- 32.4% 10Y total return vs NEXT's -23.0%
- 9.5% revenue growth vs NEXT's -429.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.5% revenue growth vs NEXT's -429.6% | |
| Quality / Margins | -1.4% margin vs SOC's -391.5% | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +2.7% vs SOC's -36.8% | |
| Efficiency (ROA) | -3.3% ROA vs SOC's -28.9%, ROIC -2.1% vs -44.6% |
NEXT vs SOC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
SOC leads this category, winning 1 of 1 comparable metric.
Income & Cash Flow (Last 12 Months)
SOC and NEXT operate at a comparable scale, with $1M and $0 in trailing revenue.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $0 | $1M |
| EBITDAEarnings before interest/tax | -$211M | -$454M |
| Net IncomeAfter-tax profit | -$306M | -$498M |
| Free Cash FlowCash after capex | -$5.3B | -$611M |
| Gross MarginGross profit ÷ Revenue | — | -8.7% |
| Operating MarginEBIT ÷ Revenue | — | -367.6% |
| Net MarginNet income ÷ Revenue | — | -391.5% |
| FCF MarginFCF ÷ Revenue | — | -480.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -172.0% | -5.4% |
Valuation Metrics
NEXT leads this category, winning 2 of 2 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.0B | $1.84T |
| Enterprise ValueMkt cap + debt − cash | $10.5B | $1.84T |
| Trailing P/EPrice ÷ TTM EPS | -6.51x | -3.07x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 7.50x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | — | — |
| Price / BookPrice ÷ Book value/share | 0.87x | 2359.43x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
Evenly matched — NEXT and SOC each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
NEXT delivers a -15.6% return on equity — every $100 of shareholder capital generates $-16 in annual profit, vs $-114 for SOC. On the Piotroski fundamental quality scale (0–9), SOC scores 2/9 vs NEXT's 1/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -15.6% | -113.8% |
| ROA (TTM)Return on assets | -3.3% | -28.9% |
| ROICReturn on invested capital | -2.1% | -44.6% |
| ROCEReturn on capital employed | -2.7% | -37.5% |
| Piotroski ScoreFundamental quality 0–9 | 1 | 2 |
| Debt / EquityFinancial leverage | 3.76x | — |
| Net DebtTotal debt minus cash | $8.5B | -$98M |
| Cash & Equiv.Liquid assets | $144M | $98M |
| Total DebtShort + long-term debt | $8.7B | $0 |
| Interest CoverageEBIT ÷ Interest expense | -2.76x | -2.28x |
Total Returns (Dividends Reinvested)
NEXT leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NEXT five years ago would be worth $37,537 today (with dividends reinvested), compared to $13,264 for SOC. Over the past 12 months, NEXT leads with a +2.7% total return vs SOC's -36.8%. The 3-year compound annual growth rate (CAGR) favors NEXT at 8.9% vs SOC's 8.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +41.6% | +9.5% |
| 1-Year ReturnPast 12 months | +2.7% | -36.8% |
| 3-Year ReturnCumulative with dividends | +29.2% | +26.5% |
| 5-Year ReturnCumulative with dividends | +275.4% | +32.6% |
| 10-Year ReturnCumulative with dividends | -23.0% | +32.4% |
| CAGR (3Y)Annualised 3-year return | +8.9% | +8.2% |
Risk & Volatility
NEXT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NEXT is the less volatile stock with a -0.14 beta — it tends to amplify market swings less than SOC's 1.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NEXT currently trades 62.9% from its 52-week high vs SOC's 36.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.14x | 1.51x |
| 52-Week HighHighest price in past year | $12.12 | $35.00 |
| 52-Week LowLowest price in past year | $4.75 | $3.72 |
| % of 52W HighCurrent price vs 52-week peak | +62.9% | +36.7% |
| RSI (14)Momentum oscillator 0–100 | 50.1 | 45.8 |
| Avg Volume (50D)Average daily shares traded | 5.1M | 5.4M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates NEXT as "Hold" and SOC as "Buy". Consensus price targets imply 110.3% upside for SOC (target: $27) vs -8.1% for NEXT (target: $7).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $7.00 | $27.00 |
| # AnalystsCovering analysts | 9 | 4 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.8% | 0.0% |
NEXT leads in 3 of 6 categories (Valuation Metrics, Total Returns). SOC leads in 1 (Income & Cash Flow). 1 tied.
NEXT vs SOC: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is NEXT or SOC a better buy right now?
Analysts rate Sable Offshore Corp.
(SOC) a "Buy" — based on 4 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 is the better long-term investment — NEXT or SOC?
Over the past 5 years, NextDecade Corporation (NEXT) delivered a total return of +275.
4%, compared to +32. 6% for Sable Offshore Corp. (SOC). Over 10 years, the gap is even starker: SOC returned +32. 4% versus NEXT's -23. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — NEXT or SOC?
By beta (market sensitivity over 5 years), NextDecade Corporation (NEXT) is the lower-risk stock at -0.
14β versus Sable Offshore Corp. 's 1. 51β — meaning SOC is approximately -1205% more volatile than NEXT relative to the S&P 500.
04Which is growing faster — NEXT or SOC?
On earnings-per-share growth, the picture is similar: Sable Offshore Corp.
grew EPS 40. 6% year-over-year, compared to -387. 5% for NextDecade Corporation. 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.
05Which has better profit margins — NEXT or SOC?
NextDecade Corporation (NEXT) is the more profitable company, earning 0.
0% net margin versus -391. 5% for Sable Offshore Corp. — meaning it keeps 0. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NEXT leads at 0. 0% versus -367. 6% for SOC. At the gross margin level — before operating expenses — NEXT leads at 0. 0%, 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.
06Is NEXT or SOC more undervalued right now?
Analyst consensus price targets imply the most upside for SOC: 110.
3% to $27. 00.
07Which pays a better dividend — NEXT or SOC?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is NEXT or SOC better for a retirement portfolio?
For long-horizon retirement investors, NextDecade Corporation (NEXT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
14)). Sable Offshore Corp. (SOC) carries a higher beta of 1. 51 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NEXT: -23. 0%, SOC: +32. 4%), 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.
09What are the main differences between NEXT and SOC?
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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