FET vs. NESR
FET (Forum Energy Technologies, Inc.) and NESR (National Energy Services Reunited Corp.) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 5 years, FET returned 23.61%/yr vs 15.88%/yr for NESR. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
FET vs. NESR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FET having a 69.61% return and NESR slightly higher at 72.16%.
FET
- 1D
- 21.85%
- 1M
- 33.40%
- 6M
- 38.53%
- YTD
- 69.61%
- 1Y
- 240.97%
- 3Y*
- 31.63%
- 5Y*
- 23.61%
- 10Y*
- -14.87%
- ALL TIME*
- -12.88%
NESR
- 1D
- 1.97%
- 1M
- -3.37%
- 6M
- 36.99%
- YTD
- 72.16%
- 1Y
- 321.25%
- 3Y*
- 102.22%
- 5Y*
- 15.88%
- 10Y*
- —
- ALL TIME*
- 12.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.09M | $8.40M | $8.95M | |
| $47.77M | $51.41M | $56.24M |
FET vs. NESR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FET Forum Energy Technologies, Inc. | 69.61% | 138.54% | -30.13% | -24.85% | 83.80% | 34.87% | -64.58% | -59.32% | -73.44% | -6.04% |
NESR National Energy Services Reunited Corp. | 72.16% | 74.78% | 46.89% | -12.10% | -26.56% | -4.83% | 8.88% | 5.31% | -12.96% | 5.29% |
Correlation
The correlation between FET and NESR is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2017 | 0.30 |
The correlation between FET and NESR shifts across timeframes, from 0.30 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FET:
$708.44M
NESR:
$2.72B
FET:
-$0.13
NESR:
$0.63
FET:
0.89
NESR:
1.93
FET:
2.53
NESR:
2.79
FET:
$833.35M
NESR:
$1.43B
FET:
$233.66M
NESR:
$179.11M
FET:
$63.99M
NESR:
$185.56M
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Return for Risk
FET vs. NESR — Risk / Return Rank
FET
NESR
FET vs. NESR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Forum Energy Technologies, Inc. (FET) and National Energy Services Reunited Corp. (NESR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FET | NESR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.68 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 7.87 | 11.19 | -3.32 |
| Martin ratioReturn relative to average drawdown | 21.61 | 38.33 | -16.72 |
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Drawdowns
FET vs. NESR - Drawdown Comparison
The maximum FET drawdown since its inception was -99.56%, which is greater than NESR's maximum drawdown of -83.12%. Use the drawdown chart below to compare losses from any high point for FET and NESR.
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Drawdown Indicators
| FET | NESR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -83.12% | -16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -27.87% | -27.39% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -49.74% | -45.64% | -4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -79.79% | +20.65% |
Max Drawdown (10Y)Largest decline over 10 years | -99.34% | — | — |
Current DrawdownCurrent decline from peak | -91.47% | -9.92% | -81.55% |
Average DrawdownAverage peak-to-trough decline | -69.05% | -35.48% | -33.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.16% | 7.99% | +2.17% |
Volatility
FET vs. NESR - Volatility Comparison
Forum Energy Technologies, Inc. (FET) has a higher volatility of 24.12% compared to National Energy Services Reunited Corp. (NESR) at 15.32%. This indicates that FET's price experiences larger fluctuations and is considered to be riskier than NESR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FET | NESR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.12% | 15.32% | +8.80% |
Volatility (6M)Calculated over the trailing 6-month period | 38.78% | 40.51% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.86% | 53.18% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.64% | 56.12% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.60% | 52.33% | +30.27% |
Dividends
FET vs. NESR - Dividend Comparison
Neither FET nor NESR has paid dividends to shareholders.
Financials
FET vs. NESR - Financials Comparison
This section allows you to compare key financial metrics between Forum Energy Technologies, Inc. and National Energy Services Reunited Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FET vs. NESR - Profitability Comparison
FET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Forum Energy Technologies, Inc. reported a gross profit of 71.35M and revenue of 226.22M. Therefore, the gross margin over that period was 31.5%.
NESR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, National Energy Services Reunited Corp. reported a gross profit of 51.83M and revenue of 404.59M. Therefore, the gross margin over that period was 12.8%.
FET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Forum Energy Technologies, Inc. reported an operating income of 20.53M and revenue of 226.22M, resulting in an operating margin of 9.1%.
NESR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, National Energy Services Reunited Corp. reported an operating income of 36.04M and revenue of 404.59M, resulting in an operating margin of 8.9%.
FET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Forum Energy Technologies, Inc. reported a net income of 12.41M and revenue of 226.22M, resulting in a net margin of 5.5%.
NESR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, National Energy Services Reunited Corp. reported a net income of 23.83M and revenue of 404.59M, resulting in a net margin of 5.9%.
Frequently Asked Questions
FET and NESR have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FET has higher volatility (24.12%) compared to NESR (15.32%). In terms of maximum drawdown, FET dropped -99.56% vs NESR's -83.12%.
NESR currently has the higher Sharpe Ratio (5.78 vs 3.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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