Forum Energy Technologies, Inc. (FET)

Forum Energy Technologies Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	791.47	816.43	738.86	699.91	541.07
Revenue Growth (YoY)	-3.06%	10.50%	5.56%	29.36%	5.58%
Cost of Revenue	572.44	561.39	534.71	511.39	417.73
Gross Profit	219.04	255.03	204.15	188.53	123.34
Selling, General & Admin	199.91	219.33	180.39	179.47	168.89
Other Operating Expenses	-11.01	122.48	3.05	-8.27	-1.05
Total Operating Expenses	188.89	341.8	183.44	171.2	167.83
Operating Income	30.15	-86.77	20.72	17.33	-44.49
Interest Expense	-18.31	-31.49	-18.3	-31.53	-32.01
Other Non-Operating Income (Expense)	-4.75	4.46	10.23	-24.55	-5.07
Total Non-Operating Income (Expense)	-23.07	-27.03	-8.06	-56.07	-37.08
Pretax Income	7.08	-113.8	12.65	-38.75	-81.58
Provision for Income Taxes	26.25	6.9	11.06	6.64	0.64
Net Income	-9.66	-135.33	-18.88	3.71	-82.65
Net Income to Common	-9.66	-135.33	-18.88	3.71	-82.65
Shares Outstanding (Basic)	12	12	10	6	6
Shares Outstanding (Diluted)	12	12	10	6	6
Shares Change (YoY)	-3.38%	20.44%	71.60%	5.46%	1.18%
EPS (Basic)	-0.81	-11.00	-1.85	0.65	-14.65
EPS (Diluted)	-0.81	-11.00	-1.85	0.62	-14.65
Shares Outstanding	11.1	12.29	10.19	5.65	5.63
Free Cash Flow	64.39	84.05	0.24	-24.55	-18.17
Free Cash Flow Growth	-23.39%	35065.69%	-	-	-
Free Cash Flow Per Share	5.42	6.83	0.02	-4.12	-3.22
Gross Margin	27.67%	31.24%	27.63%	26.94%	22.80%
Operating Margin	3.81%	-10.63%	2.80%	2.48%	-8.22%
Profit Margin	-1.22%	-16.58%	-2.55%	0.53%	-15.28%
FCF Margin	8.14%	10.29%	0.03%	-3.51%	-3.36%
EBITDA	63.9	-33.05	55.44	54.3	-2.32
EBITDA Margin	8.07%	-4.05%	7.50%	7.76%	-0.43%
EBIT	30.15	-86.77	20.72	17.33	-44.49
EBIT Margin	3.81%	-10.63%	2.80%	2.48%	-8.22%
Effective Tax Rate	370.77%	-6.06%	87.43%	-17.13%	-0.79%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q