Forum Energy Technologies, Inc. (FET)

NYSE: FET · Real-Time Price · USD

82.21

-2.83 (-3.33%)

At close: Oct 14, 2026, 4:00 PM EDT

82.20

-0.01 (-0.01%)

After-hours: Oct 14, 2026, 7:46 PM EDT

Forum Energy Technologies Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	833.35	791.47	816.43	738.86	699.91	541.07
Revenue Growth	3.93%	-3.06%	10.50%	5.56%	29.36%	5.58%
Gross Profit	233.66	219.04	255.03	204.15	188.53	123.34
Operating Income	34.06	19.13	35.71	23.76	9.06	-45.55
Net Income	-1.58	-9.66	-135.33	-18.88	3.71	-82.65
Earnings Per Share	-0.14	-0.81	-11.00	-1.85	0.62	-14.65
EPS Growth	-	-	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Drilling and Completions	510.13	477.19	470.77	502.62	304.57	239.9
Artificial Lift and Downhole	323.96	314.79	345.68	236.31	-	-
Eliminations	-0.74	-0.5	-0.02	-0.07	-1.12	-0.56
Total	833.35	791.47	816.43	738.86	699.91	541.07

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	33.72	34.66	44.66	46.17	51.03	46.86
Total Debt	227.51	231.67	272.59	201.4	313.31	278.93
Net Cash (Debt)	-193.8	-197.01	-227.93	-155.24	-262.28	-232.07
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-17.08	-16.58	-18.53	-15.20	-44.07	-41.13

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	59.36	70.4	92.19	8.18	-17.05	-15.78
Capital Expenditures	-6.14	-6.02	-8.15	-7.94	-7.49	-2.4
Free Cash Flow	53.22	64.39	84.05	0.24	-24.55	-18.17
Free Cash Flow Growth	-35.43%	-23.39%	35065.69%	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	28.04%	27.67%	31.24%	27.63%	26.94%	22.80%
Operating Margin	4.09%	2.42%	4.37%	3.22%	1.29%	-8.42%
Pretax Margin	2.54%	2.10%	-15.73%	-1.06%	1.48%	-15.16%
Profit Margin	-0.19%	-1.22%	-16.57%	-2.56%	0.53%	-15.28%
FCF Margin	6.39%	8.13%	10.29%	0.03%	-3.51%	-3.36%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 15, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	-	45.55	-
Forward PE	17.70	19.15	15.89	115.68	115.68	115.68
P/FCF Ratio	17.37	6.53	2.26	945.52	-	-
PS Ratio	1.11	0.53	0.23	0.31	0.24	0.17