Forum Energy Technologies, Inc. (FET)

Forum Energy Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	816.43	738.86	699.91	541.07	512.48
Revenue Growth (YoY)	10.50%	5.56%	29.36%	5.58%	-46.42%
Cost of Revenue	561.39	534.71	511.39	417.73	512.7
Gross Profit	255.03	204.15	188.53	123.34	-0.22
Selling, General & Admin	219.33	180.39	179.47	168.89	193.18
Operating Expenses	219.33	180.39	179.47	168.89	193.18
Operating Income	35.71	23.76	9.06	-45.55	-193.4
Interest Expense	-31.49	-18.3	-31.53	-32.01	-32.53
Currency Exchange Gain (Loss)	-7.32	-10.23	24.55	-0.22	-6.47
EBT Excluding Unusual Items	-3.1	-4.77	2.08	-77.77	-232.4
Merger & Restructuring Charges	-7.73	-2.89	-	-	-
Gain (Loss) on Sale of Assets	4.38	-0.16	8.27	1.05	85.84
Asset Writedown	-119.12	-	-	-	-35.69
Other Unusual Items	-2.85	-	-	-5.29	72.48
Pretax Income	-128.43	-7.81	10.35	-82.01	-109.77
Income Tax Expense	6.9	11.06	6.64	0.64	-12.88
Earnings From Continuing Operations	-135.33	-18.88	3.71	-82.65	-96.89
Net Income	-135.33	-18.88	3.71	-82.65	-96.89
Net Income to Common	-135.33	-18.88	3.71	-82.65	-96.89
Shares Outstanding (Basic)	12	10	6	6	6
Shares Outstanding (Diluted)	12	10	6	6	6
Shares Change (YoY)	20.44%	71.60%	5.46%	1.18%	1.31%
EPS (Basic)	-11.00	-1.85	0.65	-14.65	-17.37
EPS (Diluted)	-11.00	-1.85	0.62	-14.65	-17.37
Free Cash Flow	84.05	0.24	-24.55	-18.17	1.64
Free Cash Flow Per Share	6.83	0.02	-4.13	-3.22	0.29
Gross Margin	31.24%	27.63%	26.94%	22.80%	-0.04%
Operating Margin	4.37%	3.22%	1.29%	-8.42%	-37.74%
Profit Margin	-16.57%	-2.56%	0.53%	-15.28%	-18.91%
Free Cash Flow Margin	10.29%	0.03%	-3.51%	-3.36%	0.32%
EBITDA	89.43	58.49	46.03	-3.37	-142.4
EBITDA Margin	10.95%	7.92%	6.58%	-0.62%	-27.79%
D&A For EBITDA	53.72	34.73	36.98	42.18	51
EBIT	35.71	23.76	9.06	-45.55	-193.4
EBIT Margin	4.37%	3.22%	1.29%	-8.42%	-37.74%
Effective Tax Rate	-	-	64.13%	-	-

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q