Oil & Gas Exploration & Production
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TXO vs SLB
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Equipment & Services
TXO vs SLB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Equipment & Services |
| Market Cap | $683M | $82.80B |
| Revenue (TTM) | $355M | $35.71B |
| Net Income (TTM) | $-98M | $3.35B |
| Gross Margin | -4.5% | 18.2% |
| Operating Margin | -14.5% | 15.3% |
| Forward P/E | 21.0x | 19.8x |
| Total Debt | $291M | $12.31B |
| Cash & Equiv. | $9M | $3.04B |
TXO vs SLB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jan 23 | May 26 | Return |
|---|---|---|---|
| TXO Partners, L.P. (TXO) | 100 | 55.8 | -44.2% |
| SLB N.V. (SLB) | 100 | 93.1 | -6.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TXO vs SLB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TXO is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.05, yield 16.5%
- Rev growth 45.5%, EPS growth -166.2%, 3Y rev CAGR 18.6%
- Lower volatility, beta 0.05, Low D/E 32.0%, current ratio 0.62x
SLB carries the broadest edge in this set and is the clearest fit for long-term compounding.
- -9.2% 10Y total return vs TXO's -15.6%
- Lower P/E (19.8x vs 21.0x)
- 9.4% margin vs TXO's -27.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 45.5% revenue growth vs SLB's -1.6% | |
| Value | Lower P/E (19.8x vs 21.0x) | |
| Quality / Margins | 9.4% margin vs TXO's -27.7% | |
| Stability / Safety | Beta 0.05 vs SLB's 0.87, lower leverage | |
| Dividends | 16.5% yield, vs SLB's 2.0% | |
| Momentum (1Y) | +67.7% vs TXO's -16.8% | |
| Efficiency (ROA) | 6.5% ROA vs TXO's -7.7%, ROIC 12.1% vs 1.7% |
TXO vs SLB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TXO vs SLB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
SLB leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SLB is the larger business by revenue, generating $35.7B annually — 100.5x TXO's $355M. SLB is the more profitable business, keeping 9.4% of every revenue dollar as net income compared to TXO's -27.7%. On growth, SLB holds the edge at +5.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $355M | $35.7B |
| EBITDAEarnings before interest/tax | $48M | $7.4B |
| Net IncomeAfter-tax profit | -$98M | $3.4B |
| Free Cash FlowCash after capex | -$144M | $4.8B |
| Gross MarginGross profit ÷ Revenue | -4.5% | +18.2% |
| Operating MarginEBIT ÷ Revenue | -14.5% | +15.3% |
| Net MarginNet income ÷ Revenue | -27.7% | +9.4% |
| FCF MarginFCF ÷ Revenue | -40.4% | +13.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -66.5% | +5.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -24.4% | -31.2% |
Valuation Metrics
TXO leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, TXO's 8.1x EV/EBITDA is more attractive than SLB's 12.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $683M | $82.8B |
| Enterprise ValueMkt cap + debt − cash | $965M | $92.1B |
| Trailing P/EPrice ÷ TTM EPS | -28.77x | 23.47x |
| Forward P/EPrice ÷ next-FY EPS est. | 21.01x | 19.79x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.12x | 12.50x |
| Price / SalesMarket cap ÷ Revenue | 1.66x | 2.32x |
| Price / BookPrice ÷ Book value/share | 0.68x | 3.01x |
| Price / FCFMarket cap ÷ FCF | — | 17.27x |
Profitability & Efficiency
SLB leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
SLB delivers a 13.9% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $-12 for TXO. TXO carries lower financial leverage with a 0.32x debt-to-equity ratio, signaling a more conservative balance sheet compared to SLB's 0.45x. On the Piotroski fundamental quality scale (0–9), SLB scores 4/9 vs TXO's 3/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -12.2% | +13.9% |
| ROA (TTM)Return on assets | -7.7% | +6.5% |
| ROICReturn on invested capital | +1.7% | +12.1% |
| ROCEReturn on capital employed | +2.1% | +14.3% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 |
| Debt / EquityFinancial leverage | 0.32x | 0.45x |
| Net DebtTotal debt minus cash | $282M | $9.3B |
| Cash & Equiv.Liquid assets | $9M | $3.0B |
| Total DebtShort + long-term debt | $291M | $12.3B |
| Interest CoverageEBIT ÷ Interest expense | -1.67x | 9.40x |
Total Returns (Dividends Reinvested)
SLB leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SLB five years ago would be worth $19,434 today (with dividends reinvested), compared to $8,441 for TXO. Over the past 12 months, SLB leads with a +67.7% total return vs TXO's -16.8%. The 3-year compound annual growth rate (CAGR) favors SLB at 7.8% vs TXO's -5.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +15.3% | +37.9% |
| 1-Year ReturnPast 12 months | -16.8% | +67.7% |
| 3-Year ReturnCumulative with dividends | -15.7% | +25.4% |
| 5-Year ReturnCumulative with dividends | -15.6% | +94.3% |
| 10-Year ReturnCumulative with dividends | -15.6% | -9.2% |
| CAGR (3Y)Annualised 3-year return | -5.5% | +7.8% |
Risk & Volatility
Evenly matched — TXO and SLB each lead in 1 of 2 comparable metrics.
Risk & Volatility
TXO is the less volatile stock with a 0.05 beta — it tends to amplify market swings less than SLB's 0.87 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SLB currently trades 96.4% from its 52-week high vs TXO's 69.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.05x | 0.87x |
| 52-Week HighHighest price in past year | $17.90 | $57.20 |
| 52-Week LowLowest price in past year | $10.12 | $31.64 |
| % of 52W HighCurrent price vs 52-week peak | +69.1% | +96.4% |
| RSI (14)Momentum oscillator 0–100 | 54.9 | 62.8 |
| Avg Volume (50D)Average daily shares traded | 202K | 16.2M |
Analyst Outlook
Evenly matched — TXO and SLB each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates TXO as "Strong Buy" and SLB as "Buy". Consensus price targets imply 45.5% upside for TXO (target: $18) vs 3.2% for SLB (target: $57). For income investors, TXO offers the higher dividend yield at 16.47% vs SLB's 1.95%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Strong Buy | Buy |
| Price TargetConsensus 12-month target | $18.00 | $56.95 |
| # AnalystsCovering analysts | 2 | 66 |
| Dividend YieldAnnual dividend ÷ price | +16.5% | +2.0% |
| Dividend StreakConsecutive years of raises | 0 | 4 |
| Dividend / ShareAnnual DPS | $2.04 | $1.08 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.9% |
SLB leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TXO leads in 1 (Valuation Metrics). 2 tied.
TXO vs SLB: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TXO or SLB a better buy right now?
For growth investors, TXO Partners, L.
P. (TXO) is the stronger pick with 45. 5% revenue growth year-over-year, versus -1. 6% for SLB N. V. (SLB). SLB N. V. (SLB) offers the better valuation at 23. 5x trailing P/E (19. 8x forward), making it the more compelling value choice. Analysts rate TXO Partners, L. P. (TXO) a "Strong Buy" — based on 2 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 — TXO or SLB?
On forward P/E, SLB N.
V. is actually cheaper at 19. 8x.
03Which is the better long-term investment — TXO or SLB?
Over the past 5 years, SLB N.
V. (SLB) delivered a total return of +94. 3%, compared to -15. 6% for TXO Partners, L. P. (TXO). Over 10 years, the gap is even starker: SLB returned -9. 2% versus TXO's -15. 0%. 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 — TXO or SLB?
By beta (market sensitivity over 5 years), TXO Partners, L.
P. (TXO) is the lower-risk stock at 0. 05β versus SLB N. V. 's 0. 87β — meaning SLB is approximately 1744% more volatile than TXO relative to the S&P 500. On balance sheet safety, TXO Partners, L. P. (TXO) carries a lower debt/equity ratio of 32% versus 45% for SLB N. V. — giving it more financial flexibility in a downturn.
05Which is growing faster — TXO or SLB?
By revenue growth (latest reported year), TXO Partners, L.
P. (TXO) is pulling ahead at 45. 5% versus -1. 6% for SLB N. V. (SLB). On earnings-per-share growth, the picture is similar: SLB N. V. grew EPS -24. 4% year-over-year, compared to -166. 2% for TXO Partners, L. P.. Over a 3-year CAGR, TXO leads at 18. 6% 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 — TXO or SLB?
SLB N.
V. (SLB) is the more profitable company, earning 9. 4% net margin versus -5. 3% for TXO Partners, L. P. — 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 5. 4% for TXO. At the gross margin level — before operating expenses — SLB leads at 18. 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 TXO or SLB more undervalued right now?
On forward earnings alone, SLB N.
V. (SLB) trades at 19. 8x forward P/E versus 21. 0x for TXO Partners, L. P. — 1. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TXO: 45. 5% to $18. 00.
08Which pays a better dividend — TXO or SLB?
All stocks in this comparison pay dividends.
TXO Partners, L. P. (TXO) offers the highest yield at 16. 5%, versus 2. 0% for SLB N. V. (SLB).
09Is TXO or SLB better for a retirement portfolio?
For long-horizon retirement investors, TXO Partners, L.
P. (TXO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 05), 16. 5% yield). Both have compounded well over 10 years (TXO: -15. 0%, SLB: -9. 2%), 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 TXO and SLB?
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: TXO is a small-cap high-growth stock; SLB is a mid-cap quality compounder stock. 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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