Oil & Gas Equipment & Services
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4 / 10Stock Comparison
NOV vs SLB vs BKR vs HAL
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Equipment & Services
Oil & Gas Equipment & Services
Oil & Gas Equipment & Services
NOV vs SLB vs BKR vs HAL — 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 | $7.28B | $82.80B | $66.10B | $33.74B |
| Revenue (TTM) | $8.69B | $35.71B | $27.89B | $22.17B |
| Net Income (TTM) | $91M | $3.35B | $3.12B | $1.54B |
| Gross Margin | 19.5% | 18.2% | 23.6% | 15.3% |
| Operating Margin | 5.3% | 15.3% | 25.3% | 11.3% |
| Forward P/E | 22.7x | 20.6x | 27.8x | 17.4x |
| Total Debt | $2.34B | $12.31B | $7.14B | $8.13B |
| Cash & Equiv. | $1.55B | $3.04B | $3.71B | $2.21B |
NOV vs SLB vs BKR 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 | 161.8 | +61.8% |
| SLB N.V. (SLB) | 100 | 298.6 | +198.6% |
| Baker Hughes Company (BKR) | 100 | 403.7 | +303.7% |
| Halliburton Company (HAL) | 100 | 343.8 | +243.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NOV vs SLB vs BKR 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.
- Dividend streak 5 yrs, beta 1.01, yield 2.5%
- 2.5% yield, 5-year raise streak, vs SLB's 2.0%
SLB lags the leaders in this set but could rank higher in a more targeted comparison.
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%
- 186.3% 10Y total return vs HAL's 17.2%
- -0.3% revenue growth vs HAL's -3.3%
- 11.2% margin vs NOV's 1.0%
HAL is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.
- 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 27.8x)
- Beta 0.57 vs NOV's 1.01
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -0.3% revenue growth vs HAL's -3.3% | |
| Value | Lower P/E (17.4x vs 27.8x) | |
| Quality / Margins | 11.2% margin vs NOV's 1.0% | |
| Stability / Safety | Beta 0.57 vs NOV's 1.01 | |
| Dividends | 2.5% yield, 5-year raise streak, vs SLB's 2.0% | |
| Momentum (1Y) | +111.3% vs SLB's +67.7% | |
| Efficiency (ROA) | 7.3% ROA vs NOV's 0.8%, ROIC 12.7% vs 5.8% |
NOV vs SLB vs BKR vs HAL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NOV vs SLB vs BKR vs HAL — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BKR leads in 3 of 6 categories
NOV leads 2 • SLB leads 0 • HAL leads 0 • 1 tied
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 — 4.1x NOV's $8.7B. BKR is the more profitable business, keeping 11.2% of every revenue dollar as net income compared to NOV's 1.0%. On growth, SLB holds the edge at +5.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $8.7B | $35.7B | $27.9B | $22.2B |
| EBITDAEarnings before interest/tax | $725M | $7.4B | $4.5B | $3.4B |
| Net IncomeAfter-tax profit | $91M | $3.4B | $3.1B | $1.5B |
| Free Cash FlowCash after capex | $734M | $4.8B | $2.6B | $1.7B |
| Gross MarginGross profit ÷ Revenue | +19.5% | +18.2% | +23.6% | +15.3% |
| Operating MarginEBIT ÷ Revenue | +5.3% | +15.3% | +25.3% | +11.3% |
| Net MarginNet income ÷ Revenue | +1.0% | +9.4% | +11.2% | +6.9% |
| FCF MarginFCF ÷ Revenue | +8.4% | +13.4% | +9.4% | +7.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -2.4% | +5.0% | +2.5% | -0.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -73.7% | -31.2% | +132.5% | +129.2% |
Valuation Metrics
NOV leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 23.5x trailing earnings, SLB trades at a 55% valuation discount to NOV's 51.7x P/E. On an enterprise value basis, NOV's 8.8x EV/EBITDA is more attractive than BKR's 14.7x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $7.3B | $82.8B | $66.1B | $33.7B |
| Enterprise ValueMkt cap + debt − cash | $8.1B | $92.1B | $69.5B | $39.7B |
| Trailing P/EPrice ÷ TTM EPS | 51.74x | 23.47x | 25.64x | 26.93x |
| Forward P/EPrice ÷ next-FY EPS est. | 22.72x | 20.58x | 27.79x | 17.39x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 8.78x | 12.50x | 14.65x | 11.68x |
| Price / SalesMarket cap ÷ Revenue | 0.83x | 2.32x | 2.38x | 1.52x |
| Price / BookPrice ÷ Book value/share | 1.20x | 3.01x | 3.49x | 3.23x |
| Price / FCFMarket cap ÷ FCF | 8.42x | 17.27x | 26.06x | 20.18x |
Profitability & Efficiency
BKR leads this category, winning 5 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 $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. On the Piotroski fundamental quality scale (0–9), BKR scores 6/9 vs SLB's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +1.4% | +13.9% | +16.1% | +14.6% |
| ROA (TTM)Return on assets | +0.8% | +6.5% | +7.3% | +6.1% |
| ROICReturn on invested capital | +5.8% | +12.1% | +12.7% | +10.2% |
| ROCEReturn on capital employed | +6.3% | +14.3% | +13.6% | +11.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.37x | 0.45x | 0.38x | 0.77x |
| Net DebtTotal debt minus cash | $788M | $9.3B | $3.4B | $5.9B |
| Cash & Equiv.Liquid assets | $1.6B | $3.0B | $3.7B | $2.2B |
| Total DebtShort + long-term debt | $2.3B | $12.3B | $7.1B | $8.1B |
| Interest CoverageEBIT ÷ Interest expense | 5.82x | 9.40x | 9.68x | 9.19x |
Total Returns (Dividends Reinvested)
BKR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BKR five years ago would be worth $30,743 today (with dividends reinvested), compared to $12,924 for NOV. Over the past 12 months, HAL leads with a +111.3% total return vs SLB's +67.7%. The 3-year compound annual growth rate (CAGR) favors BKR at 35.2% vs SLB's 7.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +23.5% | +37.9% | +42.4% | +37.0% |
| 1-Year ReturnPast 12 months | +74.1% | +67.7% | +86.3% | +111.3% |
| 3-Year ReturnCumulative with dividends | +34.9% | +25.4% | +147.1% | +41.6% |
| 5-Year ReturnCumulative with dividends | +29.2% | +94.3% | +207.4% | +94.8% |
| 10-Year ReturnCumulative with dividends | -33.3% | -9.2% | +186.3% | +17.2% |
| CAGR (3Y)Annualised 3-year return | +10.5% | +7.8% | +35.2% | +12.3% |
Risk & Volatility
Evenly matched — SLB 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 | 0.87x | 0.83x | 0.57x |
| 52-Week HighHighest price in past year | $20.93 | $57.20 | $70.41 | $42.46 |
| 52-Week LowLowest price in past year | $11.65 | $31.64 | $35.83 | $19.22 |
| % of 52W HighCurrent price vs 52-week peak | +96.4% | +96.4% | +94.7% | +95.1% |
| RSI (14)Momentum oscillator 0–100 | 54.7 | 62.8 | 61.7 | 64.8 |
| Avg Volume (50D)Average daily shares traded | 4.7M | 16.2M | 9.0M | 15.0M |
Analyst Outlook
NOV leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: NOV as "Hold", SLB as "Buy", BKR as "Buy", HAL as "Buy". Consensus price targets imply 8.0% upside for BKR (target: $72) vs -8.2% for HAL (target: $37). For income investors, NOV offers the higher dividend yield at 2.51% vs BKR's 1.37%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $19.38 | $56.95 | $72.00 | $37.08 |
| # AnalystsCovering analysts | 58 | 66 | 45 | 64 |
| Dividend YieldAnnual dividend ÷ price | +2.5% | +2.0% | +1.4% | +1.7% |
| Dividend StreakConsecutive years of raises | 5 | 4 | 4 | 4 |
| Dividend / ShareAnnual DPS | $0.51 | $1.08 | $0.92 | $0.69 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.3% | +2.9% | +0.6% | +3.0% |
BKR leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NOV leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
NOV vs SLB vs BKR vs HAL: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NOV or SLB or BKR or HAL 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 -3. 3% for Halliburton Company (HAL). SLB N. V. (SLB) offers the better valuation at 23. 5x trailing P/E (20. 6x forward), making it the more compelling value choice. Analysts rate SLB N. V. (SLB) a "Buy" — based on 66 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 SLB or BKR or HAL?
On trailing P/E, SLB N.
V. (SLB) is the cheapest at 23. 5x versus NOV Inc. at 51. 7x. 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 — NOV or SLB or BKR or HAL?
Over the past 5 years, Baker Hughes Company (BKR) delivered a total return of +207.
4%, compared to +29. 2% for NOV Inc. (NOV). Over 10 years, the gap is even starker: BKR returned +186. 3% versus NOV's -33. 3%. 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 SLB or BKR 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 SLB or BKR or HAL?
By revenue growth (latest reported year), Baker Hughes Company (BKR) is pulling ahead at -0.
3% versus -3. 3% for Halliburton Company (HAL). On earnings-per-share growth, the picture is similar: Baker Hughes Company grew EPS -12. 8% year-over-year, compared to -75. 6% for NOV 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 — NOV or SLB or BKR or HAL?
SLB N.
V. (SLB) is the more profitable company, earning 9. 4% net margin versus 1. 7% for NOV 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 6. 5% for NOV. 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 NOV or SLB or BKR or HAL more undervalued right now?
On forward earnings alone, Halliburton Company (HAL) trades at 17.
4x forward P/E versus 27. 8x for Baker Hughes Company — 10. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BKR: 8. 0% to $72. 00.
08Which pays a better dividend — NOV or SLB or BKR or HAL?
All stocks in this comparison pay dividends.
NOV Inc. (NOV) offers the highest yield at 2. 5%, versus 1. 4% for Baker Hughes Company (BKR).
09Is NOV or SLB or BKR 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. 7% yield). Both have compounded well over 10 years (HAL: +17. 2%, NOV: -33. 3%), 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 SLB and BKR 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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