NOV vs SEI: NOV and Solaris Energy Infrastructure compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- NOV is the larger company, worth $7.0B, close to Solaris Energy Infrastructure's $6.7B.
- Solaris Energy Infrastructure grew revenue faster over the last year (+30.0% vs -2.4%).
- Solaris Energy Infrastructure keeps more of each dollar of revenue as operating profit (33.5% vs 4.5%).
- On earnings, NOV is the cheaper stock (78.3x vs 85.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | NOV | SEI |
|---|---|---|
| Market cap | $7.0B | $6.7B |
| Share price | $18.97 | $76.40 |
| Revenue (last fiscal year) | $8.7B | $622M |
| Free cash flow (last fiscal year) | $876M | -$438M |
| Revenue growth, last year | -2.4% | +30.0% |
| Revenue growth per year, last 5 fiscal years | +12.2% | +43.7% |
| Operating margin | 4.5% | 33.5% |
| Net margin | 1.1% | 9.9% |
| Return on equity | 1.5% | 6.1% |
| P/E (trailing) | 78.3x | 85.0x |
| Price / free cash flow | 8.14x | — |
| EV / EBITDA | 10.8x | 23.0x |
| FCF growth the price implies | -7.2% | — |
| Dividend yield | 1.6% | 0.62% |
| Debt / equity | 0.78x | 3.38x |
| Fundamental grade | D | C |
| Superinvestors holding it | 8 | 3 |
| Insider purchases, last 12 months | 1 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
NOV
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.5B | $90M | -2.4% |
| 2022 | $7.2B | -$393M | 3.6% |
| 2023 | $8.6B | -$140M | 7.6% |
| 2024 | $8.9B | $953M | 9.9% |
| 2025 | $8.7B | $876M | 5.6% |
Solaris Energy Infrastructure
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $146M | -$3M | -0.27% |
| 2022 | $300M | -$13M | 13.9% |
| 2023 | $293M | $25M | 17.0% |
| 2024 | $313M | -$129M | 16.9% |
| 2025 | $622M | -$438M | 21.8% |
Where the revenue comes from
NOV · by segments, 2025
Energy Equipments$4.9B55%
Energy Products and Services$4.0B45%
Solaris Energy Infrastructure · by segments, 2025
Solaris Power Solutions$334M54%
Solaris Logistics Solutions$289M46%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open NOV in InvestinglyQuestions
Which is bigger, NOV or Solaris Energy Infrastructure?
NOV (NOV), at $7.0B against $6.7B.
Is NOV or SEI cheaper?
By trailing P/E, NOV (78.3x) is cheaper than Solaris Energy Infrastructure (85.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, NOV or SEI?
Solaris Energy Infrastructure: revenue grew +30.0% over the last year, against -2.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.