SLB vs BKR Stock Comparison: AI Score, Valuation, Performance and Upside
SLB and BKR are both energy services companies with meaningfully different mixes. SLB is the technology leader in oilfield services, weighted to international and offshore markets where project cycles are longer. Baker Hughes combines oilfield services with a large business supplying equipment for liquefied natural gas plants, which gives it backlog visibility tied to gas rather than oil activity.
Use this SLB vs BKR comparison to decide which energy cycle you want exposure to. SLB tracks global upstream spending, particularly international and offshore drilling. Baker Hughes has a large component driven by liquefied natural gas project approvals, which follow gas demand and contracting rather than the oil drilling cycle.
BKR holds the edge across 3 of 5 key metrics in this comparison. SLB leads on both 1-year return (+48.92%) and forward P/E quality (17.74x vs 19.75x for BKR), a relatively favorable combination of momentum and valuation. On fundamentals, SLB is growing revenue faster (5.00%), while BKR maintains the higher operating margin (12.83%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for BKR (+15.58%) than for SLB (+8.03%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to international and offshore upstream spending
- Value technology leadership and long-standing operator relationships
- Believe digital services will keep lifting margins
- Accept dependence on customer capital budgets and Middle East spending
- Want exposure to liquefied natural gas equipment demand and backlog
- Value revenue visibility from multi-year equipment orders
- Like diversification into industrial and new energy technology
- Accept lumpy order timing and a services segment competing against larger rivals
| Metric | SLB | BKR |
|---|---|---|
| AI scorei | 29.0 | 42.3 |
| AI ranki | #2265 | #858 |
| Latest closei | $51.54 | $57.83 |
| 1M returni | -3.84% | -6.73% |
| 6M returni | -3.66% | -8.53% |
| 1Y returni | +48.92% | +15.96% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SLB | BKR |
|---|---|---|
| 1Y ago | $14.9K (+49.0%) started 2025-09-25 | $11.54K (+15.4%) started 2025-09-25 |
| 5Y ago | $19.69K (+96.9%) started 2021-09-27 | $28.09K (+180.9%) started 2021-09-27 |
| 10Y ago | $11.37K (+13.7%) started 2016-09-26 | $44.25K (+342.5%) started 2016-09-26 |
Hypothetical — past performance does not guarantee future results.
| Metric | SLB | BKR |
|---|---|---|
| Market capi | $85.09B | $61.95B |
| Trailing P/Ei | 27.97 | 20.07 |
| Forward P/Ei | 17.74 | 19.75 |
| Price/Salesi | 1.27 | N/A |
| EV/Revenuei | 2.61 | 2.21 |
| Analyst targeti | $61.93 | $72.13 |
| Target upsidei | +8.03% | +15.58% |
| Metric | SLB | BKR |
|---|---|---|
| Revenue growthi | 5.00% | -2.40% |
| Earnings growthi | -29.70% | -4.20% |
| EPS growthi | -29.70% | -4.20% |
| FCF margini | +8.13% | +15.92% |
| Operating margini | 12.71% | 12.83% |
| Profit margini | 8.53% | 11.17% |
| ROIC proxyi | 12.91% | 16.46% |
| Return on equityi | 12.91% | 16.46% |
| Dividend yieldi | 2.06% | 1.47% |
| Payout ratioi | 56.59% | 29.58% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.75 | 0.96 |
| Debt/equityi | 47.00 | 80.92 |
| Current ratioi | 1.44 | 2.10 |
| Quick ratioi | 0.94 | 1.62 |
Over the past year, SLB and BKR have moved moderately in the same direction (correlation of 0.65), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | SLB | BKR |
|---|---|---|---|
| 1Y | Growthi | +49.00% | +15.43% |
| CAGRi | +49.09% | +15.45% | |
| Volatilityi | 36.30% | 33.19% | |
| Sharpe ratioi | 1.16 | 0.46 | |
| Sortino ratioi | 1.81 | 0.66 | |
| Max drawdowni | 22.27% | 24.24% | |
| Current drawdowni | 14.24% | 16.99% | |
| Avg drawdowni | 5.88% | 7.75% | |
| Ulcer Indexi | 8.31% | 9.74% | |
| Max daily dropi | 7.49% | 6.66% | |
| Max wkly dropi | 14.65% | 11.50% | |
| 5Y | Growthi | +83.09% | +154.93% |
| CAGRi | +12.87% | +20.61% | |
| Volatilityi | 37.51% | 34.65% | |
| Sharpe ratioi | 0.39 | 0.59 | |
| Sortino ratioi | 0.56 | 0.84 | |
| Max drawdowni | 47.02% | 46.53% | |
| Current drawdowni | 14.24% | 16.99% | |
| Avg drawdowni | 19.60% | 12.37% | |
| Ulcer Indexi | 23.63% | 15.73% | |
| Max daily dropi | 11.60% | 13.34% | |
| Max wkly dropi | 24.29% | 21.87% | |
| 10Y | Growthi | -13.30% | +113.46% |
| CAGRi | -1.42% | +7.88% | |
| Volatilityi | 40.82% | 39.05% | |
| Sharpe ratioi | 0.06 | 0.28 | |
| Sortino ratioi | 0.09 | 0.39 | |
| Max drawdowni | 84.29% | 78.32% | |
| Current drawdowni | 25.53% | 16.99% | |
| Avg drawdowni | 39.82% | 27.38% | |
| Ulcer Indexi | 44.18% | 33.17% | |
| Max daily dropi | 27.42% | 22.26% | |
| Max wkly dropi | 44.17% | 36.91% |
| Category | SLB | BKR |
|---|---|---|
| Company | SLB | Baker Hughes Company |
| Sector | Energy | Energy |
| Industry | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services |
| Core business | Largest oilfield services company, providing drilling, reservoir evaluation, well construction, production systems, and digital software to operators worldwide, with revenue weighted toward international and offshore markets rather than North American shale. | Energy technology company with two arms: oilfield services and equipment, and industrial and energy technology, which supplies turbomachinery and compression equipment for liquefied natural gas plants along with industrial and new energy products. |
| Investor focus | International and offshore activity levels, Middle East spending, digital revenue growth, margin expansion, and free cash flow. | LNG equipment orders and backlog, industrial and energy technology margins, oilfield services activity, and progress toward margin targets. |
- Technology leadership in reservoir characterisation and well construction with deep operator relationships
- International and offshore weighting exposes it to longer-cycle projects less volatile than US shale
- Digital and software offerings add higher-margin revenue to a services base
- Leading supplier of LNG liquefaction turbomachinery, with a large multi-year order backlog
- Equipment backlog provides revenue visibility that pure services companies lack
- Industrial and new energy exposure diversifies beyond oilfield activity
- Activity depends on customer capital budgets, which are cut quickly when oil prices fall
- Significant exposure to Middle East national oil company spending decisions
- Long-term demand is tied to continued oil and gas investment
- LNG orders are lumpy, arriving with final investment decisions on large projects
- The oilfield services segment competes against larger, more technologically focused rivals
- Margin improvement has been a multi-year effort with uneven progress
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