Baker Hughes Company (BKR) vs TechnipFMC plc (FTI)

Baker Hughes Company and TechnipFMC plc are both Oil & Gas Equipment & Services companies. Baker Hughes Company is the larger, with a market value of $56.7B against $27.8B — 2.0× the size. Baker Hughes Company trades at the lower P/E: 18.4× against 24.2×. TechnipFMC plc grew revenue faster over the last twelve months: 9.87% against 0.42%. TechnipFMC plc has the higher net margin (11.3% vs 11.2%) and the higher return on invested capital (34.3% vs 12.2%). Both pay a dividend; Baker Hughes Company yields more (2.83% vs 0.56%). Across the 22 metrics below, Baker Hughes Company leads on 12 and TechnipFMC plc on 10.

Valuation

Metric BKR FTI Oil & Gas Equipment & Services median
P/E 18.42 24.23 24.78
P/S 2.07 2.70 1.28
P/B 2.86 8.58 1.85
Price to free cash flow 17.08 17.76 15.03
EV/EBITDA 10.88 14.29 8.93
EV/Sales 2.09 2.65 1.40
Earnings yield 5.43% 4.13% 3.12%
Free cash flow yield 5.86% 5.63% 5.01%

Profitability

Metric BKR FTI Oil & Gas Equipment & Services median
Gross margin 23.57% 22.97% 23.27%
Operating margin 14.52% 14.45% 9.34%
Net margin 11.17% 11.28% 4.69%
Free cash flow margin 12.12% 15.20% 5.05%
Return on equity 16.32% 35.76% 4.92%
Return on assets 6.78% 11.50% 2.37%
Return on invested capital 12.21% 34.31% 4.32%

Growth

Metric BKR FTI Oil & Gas Equipment & Services median
Revenue growth (TTM) 0.42% 9.87% 6.08%
EPS growth (last fiscal year) (12.75%) 20.42% —
Revenue growth, 5-year CAGR 6.02% 8.75% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BKR FTI Oil & Gas Equipment & Services median
Debt to equity 0.81 0.14 0.46
Current ratio 2.09 1.08 2.11
Net debt to EBITDA 0.52 (0.31) 0.76

Dividend

Metric BKR FTI Oil & Gas Equipment & Services median
Dividend yield 2.83% 0.56% 2.12%
Payout ratio 0.65 0.00 0.00

Size

Metric BKR FTI Oil & Gas Equipment & Services median
Market cap 56.69b 27.82b 1.81b

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