Oil & Gas Equipment & Services
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NOV vs HAL
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Equipment & Services
NOV vs HAL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services |
| Market Cap | $6.96B | $32.68B |
| Revenue (TTM) | $8.69B | $22.17B |
| Net Income (TTM) | $91M | $1.54B |
| Gross Margin | 19.5% | 15.3% |
| Operating Margin | 5.3% | 11.3% |
| Forward P/E | 21.7x | 16.8x |
| Total Debt | $2.34B | $8.13B |
| Cash & Equiv. | $1.55B | $2.21B |
NOV vs HAL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| NOV Inc. (NOV) | 100 | 154.8 | +54.8% |
| Halliburton Company (HAL) | 100 | 333.0 | +233.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NOV vs HAL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NOV is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 5 yrs, beta 1.01, yield 2.6%
- Rev growth -1.4%, EPS growth -75.6%, 3Y rev CAGR 6.5%
- Lower volatility, beta 1.01, Low D/E 37.0%, current ratio 2.42x
HAL carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 16.2% 10Y total return vs NOV's -31.8%
- Lower P/E (16.8x vs 21.7x)
- 6.9% margin vs NOV's 1.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -1.4% revenue growth vs HAL's -3.3% | |
| Value | Lower P/E (16.8x vs 21.7x) | |
| Quality / Margins | 6.9% margin vs NOV's 1.0% | |
| Stability / Safety | Beta 0.57 vs NOV's 1.01 | |
| Dividends | 2.6% yield, 5-year raise streak, vs HAL's 1.8% | |
| Momentum (1Y) | +105.6% vs NOV's +67.6% | |
| Efficiency (ROA) | 6.1% ROA vs NOV's 0.8%, ROIC 10.2% vs 5.8% |
NOV vs HAL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NOV vs HAL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
HAL leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HAL is the larger business by revenue, generating $22.2B annually — 2.6x NOV's $8.7B. HAL is the more profitable business, keeping 6.9% of every revenue dollar as net income compared to NOV's 1.0%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $8.7B | $22.2B |
| EBITDAEarnings before interest/tax | $725M | $3.4B |
| Net IncomeAfter-tax profit | $91M | $1.5B |
| Free Cash FlowCash after capex | $734M | $1.7B |
| Gross MarginGross profit ÷ Revenue | +19.5% | +15.3% |
| Operating MarginEBIT ÷ Revenue | +5.3% | +11.3% |
| Net MarginNet income ÷ Revenue | +1.0% | +6.9% |
| FCF MarginFCF ÷ Revenue | +8.4% | +7.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -2.4% | -0.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -73.7% | +129.2% |
Valuation Metrics
NOV leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 26.1x trailing earnings, HAL trades at a 47% valuation discount to NOV's 49.5x P/E. On an enterprise value basis, NOV's 8.4x EV/EBITDA is more attractive than HAL's 11.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $7.0B | $32.7B |
| Enterprise ValueMkt cap + debt − cash | $7.7B | $38.6B |
| Trailing P/EPrice ÷ TTM EPS | 49.49x | 26.09x |
| Forward P/EPrice ÷ next-FY EPS est. | 21.73x | 16.85x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.43x | 11.37x |
| Price / SalesMarket cap ÷ Revenue | 0.80x | 1.47x |
| Price / BookPrice ÷ Book value/share | 1.14x | 3.13x |
| Price / FCFMarket cap ÷ FCF | 8.06x | 19.55x |
Profitability & Efficiency
HAL leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
HAL delivers a 14.6% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $1 for NOV. NOV carries lower financial leverage with a 0.37x debt-to-equity ratio, signaling a more conservative balance sheet compared to HAL's 0.77x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +1.4% | +14.6% |
| ROA (TTM)Return on assets | +0.8% | +6.1% |
| ROICReturn on invested capital | +5.8% | +10.2% |
| ROCEReturn on capital employed | +6.3% | +11.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.37x | 0.77x |
| Net DebtTotal debt minus cash | $788M | $5.9B |
| Cash & Equiv.Liquid assets | $1.6B | $2.2B |
| Total DebtShort + long-term debt | $2.3B | $8.1B |
| Interest CoverageEBIT ÷ Interest expense | 5.82x | 9.19x |
Total Returns (Dividends Reinvested)
HAL leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HAL five years ago would be worth $18,264 today (with dividends reinvested), compared to $11,957 for NOV. Over the past 12 months, HAL leads with a +105.6% total return vs NOV's +67.6%. The 3-year compound annual growth rate (CAGR) favors HAL at 11.2% vs NOV's 8.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +18.2% | +32.8% |
| 1-Year ReturnPast 12 months | +67.6% | +105.6% |
| 3-Year ReturnCumulative with dividends | +29.3% | +37.4% |
| 5-Year ReturnCumulative with dividends | +19.6% | +82.6% |
| 10-Year ReturnCumulative with dividends | -31.8% | +16.2% |
| CAGR (3Y)Annualised 3-year return | +8.9% | +11.2% |
Risk & Volatility
Evenly matched — NOV and HAL each lead in 1 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 NOV's 1.01 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 | 1.01x | 0.57x |
| 52-Week HighHighest price in past year | $20.93 | $42.46 |
| 52-Week LowLowest price in past year | $11.65 | $19.22 |
| % of 52W HighCurrent price vs 52-week peak | +92.2% | +92.2% |
| RSI (14)Momentum oscillator 0–100 | 55.4 | 55.7 |
| Avg Volume (50D)Average daily shares traded | 4.8M | 15.0M |
Analyst Outlook
NOV leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NOV as "Hold" and HAL as "Buy". Consensus price targets imply 0.4% upside for NOV (target: $19) vs -5.2% for HAL (target: $37). For income investors, NOV offers the higher dividend yield at 2.63% vs HAL's 1.76%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $19.38 | $37.08 |
| # AnalystsCovering analysts | 58 | 64 |
| Dividend YieldAnnual dividend ÷ price | +2.6% | +1.8% |
| Dividend StreakConsecutive years of raises | 5 | 4 |
| Dividend / ShareAnnual DPS | $0.51 | $0.69 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.5% | +3.1% |
HAL leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NOV leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
NOV vs HAL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NOV or HAL a better buy right now?
For growth investors, NOV Inc.
(NOV) is the stronger pick with -1. 4% revenue growth year-over-year, versus -3. 3% for Halliburton Company (HAL). Halliburton Company (HAL) offers the better valuation at 26. 1x trailing P/E (16. 8x 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 — NOV or HAL?
On trailing P/E, Halliburton Company (HAL) is the cheapest at 26.
1x versus NOV Inc. at 49. 5x. On forward P/E, Halliburton Company is actually cheaper at 16. 8x.
03Which is the better long-term investment — NOV or HAL?
Over the past 5 years, Halliburton Company (HAL) delivered a total return of +82.
6%, compared to +19. 6% for NOV Inc. (NOV). Over 10 years, the gap is even starker: HAL returned +16. 2% versus NOV's -31. 8%. 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 — NOV or HAL?
By beta (market sensitivity over 5 years), Halliburton Company (HAL) is the lower-risk stock at 0.
57β versus NOV Inc. 's 1. 01β — meaning NOV is approximately 76% more volatile than HAL relative to the S&P 500. On balance sheet safety, NOV Inc. (NOV) carries a lower debt/equity ratio of 37% versus 77% for Halliburton Company — giving it more financial flexibility in a downturn.
05Which is growing faster — NOV or HAL?
By revenue growth (latest reported year), NOV Inc.
(NOV) is pulling ahead at -1. 4% versus -3. 3% for Halliburton Company (HAL). On earnings-per-share growth, the picture is similar: Halliburton Company grew EPS -47. 0% year-over-year, compared to -75. 6% for NOV Inc.. Over a 3-year CAGR, NOV leads at 6. 5% 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 — NOV or HAL?
Halliburton Company (HAL) is the more profitable company, earning 5.
8% net margin versus 1. 7% for NOV Inc. — meaning it keeps 5. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HAL leads at 10. 2% versus 6. 5% for NOV. At the gross margin level — before operating expenses — NOV leads at 20. 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.
07Is NOV or HAL more undervalued right now?
On forward earnings alone, Halliburton Company (HAL) trades at 16.
8x forward P/E versus 21. 7x for NOV Inc. — 4. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NOV: 0. 4% to $19. 38.
08Which pays a better dividend — NOV or HAL?
All stocks in this comparison pay dividends.
NOV Inc. (NOV) offers the highest yield at 2. 6%, versus 1. 8% for Halliburton Company (HAL).
09Is NOV or HAL 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. 8% yield). Both have compounded well over 10 years (HAL: +16. 2%, NOV: -31. 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 NOV and HAL?
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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