Forum Energy Technologies, Inc. (FET)

NYSE: FET · Real-Time Price · USD

76.93

-0.69 (-0.89%)

At close: Nov 3, 2026, 4:00 PM EST

76.90

-0.03 (-0.04%)

After-hours: Nov 3, 2026, 7:30 PM EST

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	Sep '26 Sep 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	873.93	791.47	816.43	738.86	699.91	541.07
Revenue Growth	10.58%	-3.06%	10.50%	5.56%	29.36%	5.58%
Gross Profit	267.84	219.04	255.03	204.15	188.53	123.34
Operating Income	65.4	19.13	35.71	23.76	9.06	-45.55
Net Income	30.2	-9.66	-135.33	-18.88	3.71	-82.65
Earnings Per Share	2.59	-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	Sep '26 Sep 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
Eliminations	-0.76	-0.5	-0.02	-0.07	-1.12	-0.56
Artificial Lift and Downhole	334.87	314.79	345.68	236.31	-	-
Drilling and Completions	539.81	477.19	470.77	502.62	304.57	239.9
Total	873.93	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	Sep '26 Sep 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	35.17	34.66	44.66	46.17	51.03	46.86
Total Debt	209.73	231.67	272.59	201.4	313.31	278.93
Net Cash (Debt)	-174.56	-197.01	-227.93	-155.24	-262.28	-232.07
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-14.96	-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	Sep '26 Sep 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	68.52	70.4	92.19	8.18	-17.05	-15.78
Capital Expenditures	-6.47	-6.02	-8.15	-7.94	-7.49	-2.4
Free Cash Flow	62.05	64.39	84.05	0.24	-24.55	-18.17
Free Cash Flow Growth	-22.06%	-23.39%	35065.69%	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	30.65%	27.67%	31.24%	27.63%	26.94%	22.80%
Operating Margin	7.48%	2.42%	4.37%	3.22%	1.29%	-8.42%
Pretax Margin	5.36%	2.10%	-15.73%	-1.06%	1.48%	-15.16%
Profit Margin	3.46%	-1.22%	-16.57%	-2.56%	0.53%	-15.28%
FCF Margin	7.10%	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	Nov '26 Nov 4, 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	29.66	-	-	-	45.55	-
Forward PE	13.84	19.15	15.89	115.68	115.68	115.68
P/FCF Ratio	14.22	6.53	2.26	945.52	-	-
PS Ratio	1.01	0.53	0.23	0.31	0.24	0.17