undamentalytics Newsletter

Oil & Gas Equipment & Services stocks

41 US-listed companies in oil & gas equipment & services, with $145.1bn of combined revenue in their latest fiscal years. Schlumberger is the largest ($35.7bn). The fastest grower with at least $100m of revenue in both years is Solaris Energy Infrastructure, Inc., up 98.7%. The median company grew 0.5% with a net margin of 3.7%.

Companies41
Combined revenue$145.1bn
Median revenue growth0.5%
Median net margin3.7%
Median return on equity6.9%
#CompanyRevenueGrowthNet marginROEFiscal year
1 SchlumbergerSLB $35.7bn −1.6% 9.4% 14.3% 2025
2 Baker HughesBKR $27.7bn −0.3% 9.3% 14.5% 2025
3 HalliburtonHAL $22.2bn −3.3% 5.8% 12.2% 2025
4 TechnipFMC plcFTI $9.9bn 9.4% 9.7% 29.9% 2025
5 NOV Inc.NOV $8.7bn −1.4% 1.7% 2.3% 2025
6 Weatherford International plcWFRD $4.9bn −10.8% 8.8% 28.9% 2025
7 Liberty Energy Inc.LBRT $4.0bn −7.2% 3.7% 7.3% 2025
8 Oceaneering International IncOII $2.8bn 4.6% 12.7% 39.6% 2025
9 Enerflex Ltd.EFXT $2.6bn 6.5% 2.5% 6.0% 2025
10 Profrac Holding Corp.ACDC $1.9bn −11.4% −19.0% −42.8% 2025
11 RPC IncRES $1.6bn 15.0% 2.0% 2.9% 2025
12 Bristow Group Inc.VTOL $1.5bn 5.3% 8.7% 13.2% 2025
13 Archrock, Inc.AROC $1.5bn 28.7% 21.6% 22.9% 2025
14 Select Water Solutions, Inc.WTTR $1.4bn −3.1% 1.5% 2.7% 2025
15 Tidewater IncTDW $1.4bn 0.5% 24.7% 27.0% 2025
16 National Energy Services Reunited Corp.NESR $1.3bn 1.7% 3.9% 5.5% 2025
17 Kodiak Gas Services, Inc.KGS $1.3bn 12.8% 6.2% 6.2% 2025
18 Hornbeck Offshore Services, Inc.HOS $1.3bn −4.9% 2.4% 2.0% 2025
19 Propetro Holding Corp.PUMP $1.3bn −12.1% 0.1% 0.1% 2025
20 Atlas Energy Solutions Inc.AESI $1.1bn 3.7% −4.6% −4.5% 2025
21 Cactus, Inc.WHD $1.1bn −4.5% 15.4% 14.5% 2025
22 Innovex International, Inc.INVX $978m 48.0% 8.5% 8.3% 2025
23 North American Construction Group Ltd.NOA $919m 8.0% 2.6% 8.0% 2025
24 Team IncTISI $896m 5.2% −5.5% — 2025
25 Forum Energy Technologies, Inc.FET $791m −3.1% −1.2% −3.2% 2025
26 Flowco Holdings Inc.FLOC $760m 41.9% 5.4% 36.2% 2025
27 OIL States International, IncOIS $669m −3.4% −16.3% −17.4% 2025
28 KLX Energy Services Holdings, Inc.KLXE $637m −10.2% −12.1% — 2025
29 Tetra Technologies IncTTI $631m 5.3% 0.5% 1.1% 2025
30 Solaris Energy Infrastructure, Inc.SEI $622m 98.7% 4.8% 6.6% 2025
31 DMC Global Inc.BOOM $610m −5.1% −2.2% −5.5% 2025
32 Nine Energy Service, Inc.NINE $562m 1.4% −9.1% — 2025
33 Ranger Energy Services, Inc.RNGR $547m −4.2% 2.2% 4.3% 2025
34 Core Laboratories Inc.CLB $527m 0.5% 5.6% 11.6% 2025
35 Natural GAS Services Group IncNGS $172m 9.9% 11.6% 7.5% 2025
36 Drilling Tools International CorpDTI $160m 3.4% −2.4% −3.1% 2025
37 OMS Energy Technologies Inc.OMSE $156m −23.4% 20.7% 20.2% 2026
38 Dawson Geophysical CoDWSN $76m 2.0% −2.6% −11.7% 2025
39 Leishen Energy Holding Co., Ltd.LSE $48m −30.0% 2.6% 2.9% 2025
40 Mammoth Energy Services, Inc.TUSK $44m −2.9% 10.4% 1.8% 2025
41 Stak Inc.STAK $28m 13.2% 1.5% 2.9% 2026

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other energy industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.