Forum Energy Technologies
FET
83.90
+1.60
+1.94%
Forum Energy Technologies
US · FET
#3287 by market cap
83.90
+1.60
+1.94%
Live - 5344 symbols - heartbeat 151s ago
· 2026-10-08 10:04
Pre-market
82.30
0.00%
After-hours
82.30
0.00%
- Market cap
- 962.50M
- P/E (TTM)i
- -1,198.50
- P/Bi
- 3.32
- EPSi
- -0.81
- Div yieldi
- 0.00%
- 52W posi
- 91%
Reader sentiment
Are you bullish or bearish on FET?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.20, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -3.06% YoY
Margins
- Gross margin
- 27.67%
- Operating margin
- 2.42%
- Net margin
- -1.22%
Key ratios & quality
- Enterprise valuei
- 1.06B
- Altman Z-Scorei
- 1.20
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.06B | 956.53M | 512.48M | 541.07M | 699.91M | 738.86M | 816.43M | 791.47M |
| Gross profit | 256.37M | 244.85M | -11.02M | 123.34M | 188.53M | 204.15M | 255.03M | 219.04M |
| Selling & admin expenses | 286.98M | 251.74M | 197.68M | 168.89M | 179.47M | 180.39M | 219.33M | 199.91M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -30.61M | -6.88M | -208.70M | -45.55M | 9.06M | 23.76M | 35.71M | 19.13M |
| Pretax profit | -389.75M | -568.87M | -109.77M | -82.01M | 10.35M | -7.81M | -128.43M | 16.59M |
| Tax | -15.67M | -1.81M | -12.88M | 642.00K | 6.64M | 11.06M | 6.90M | 26.25M |
| Net profit | -374.08M | -567.06M | -96.89M | -82.65M | 3.71M | -18.88M | -135.33M | -9.66M |
| Basic EPS | -69 | -103 | -17 | -15 | 1 | -2 | -11 | -1 |
| Diluted EPS | -68.80 | -103.01 | -17.37 | -14.65 | 0.62 | -1.85 | -11.00 | -0.81 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 193.28M | 199.76M | 196.23M | 202.20M | 208.70M | 226.22M |
| Gross profit | 58.36M | 59.36M | 40.24M | 61.08M | 60.99M | 71.35M |
| Selling & admin expenses | 49.38M | 51.19M | 50.45M | 48.89M | 50.01M | 50.26M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 8.98M | 8.17M | -10.21M | 12.19M | 10.98M | 21.09M |
| Pretax profit | 4.89M | 13.92M | -10.48M | 8.26M | 7.39M | 16.01M |
| Tax | 3.77M | 6.22M | 10.07M | 6.19M | 2.90M | 3.60M |
| Net profit | 1.12M | 7.70M | -20.55M | 2.07M | 4.49M | 12.41M |
| Basic EPS | 0 | 1 | -2 | 0 | 0 | 1 |
| Diluted EPS | 0.09 | 0.61 | -1.76 | 0.17 | 0.39 | 1.05 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 766.02M | 665.92M | 490.19M | 446.73M | 512.87M | 529.60M | 495.64M | 448.88M |
| Cash & ST investments | 47.24M | 57.91M | 128.62M | 46.86M | 51.03M | 46.17M | 44.66M | 34.66M |
| Inventory | 479.02M | 414.64M | 251.75M | 241.74M | 269.83M | 299.64M | 265.49M | 239.42M |
| Total assets | 1.83B | 1.16B | 889.93M | 791.34M | 834.76M | 821.06M | 815.95M | 752.46M |
| Total current liabilities | 236.93M | 196.85M | 124.93M | 175.66M | 210.29M | 204.34M | 201.86M | 206.53M |
| Short-term debt | 1.17M | 717.00K | 1.32M | 860.00K | 782.00K | 1.19M | 1.87M | 1.41M |
| Long-term debt | 517.54M | 398.86M | 293.37M | 232.37M | 239.13M | 129.57M | 186.53M | 134.52M |
| Total liabilities | 799,526,000.00 | 673,958,000.00 | 483,690,000.00 | 462,210,000.00 | 527,722,000.00 | 408,428,000.00 | 496,054,000.00 | 461,312,000.00 |
| Total equity | 1.03B | 486.04M | 406.24M | 329.13M | 307.04M | 412.63M | 319.90M | 291.14M |
| Retained earnings | 63.69M | -503.37M | -601.66M | -684.31M | -680.60M | -699.47M | -834.80M | -844.46M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 478.57M | 487.73M | 459.28M | 448.88M | 464.32M | 483.52M |
| Cash & ST investments | 31.14M | 38.97M | 31.69M | 34.66M | 37.49M | 33.72M |
| Inventory | 263.60M | 260.03M | 248.26M | 239.42M | 236.41M | 233.47M |
| Total assets | 790.11M | 810.13M | 770.09M | 752.46M | 763.07M | 770.71M |
| Total current liabilities | 194.69M | 202.26M | 209.63M | 206.53M | 208.61M | 220.56M |
| Short-term debt | 1.83M | 1.66M | 1.44M | 1.41M | 1.38M | 1.27M |
| Long-term debt | 169.55M | 157.66M | 138.55M | 134.52M | 152.34M | 142.44M |
| Total liabilities | 470,068,000.00 | 475,913,000.00 | 472,782,000.00 | 461,312,000.00 | 482,382,000.00 | 480,928,000.00 |
| Total equity | 320.04M | 334.22M | 297.31M | 291.14M | 280.68M | 289.78M |
| Retained earnings | -833.68M | -825.98M | -846.53M | -844.46M | -839.97M | -827.56M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.41M | 104.14M | 3.88M | -15.78M | -17.05M | 8.18M | 92.19M | 70.40M |
| Depreciation & amortization | 74.51M | 63.24M | 51.00M | 42.18M | 36.98M | 34.73M | 53.72M | 33.76M |
| Free cash flow | -21.64M | 89.04M | 1.64M | -18.17M | -24.55M | 239.00K | 84.05M | 64.39M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -2.53M | -1.09M | -195.00K | -1.41M | -3.83M | -6.00M | 0 | -34.61M |
| Ending cash balance | 47.24M | 57.91M | 128.62M | 46.86M | 51.03M | 46.17M | 44.66M | 34.66M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 9.33M | 15.77M | 22.87M | 22.44M | 1.63M | 12.43M |
| Depreciation & amortization | 8.98M | 9.08M | 7.86M | 7.84M | 7.80M | 7.53M |
| Free cash flow | 7.22M | 14.82M | 21.47M | 20.88M | 1.37M | 9.50M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -2.00M | -4.30M | -14.83M | -13.49M | -4.57M | -3.00M |
| Ending cash balance | 31.14M | 38.97M | 31.69M | 34.66M | 37.49M | 33.72M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -30.67 | -74.80 | -21.72 | -22.48 | 1.17 | -5.25 | -36.95 | -3.16 |
| ROA %i | -18.59 | -37.93 | -9.45 | -9.83 | 0.46 | -2.28 | -16.53 | -1.23 |
| ROIC %i | -19.78 | -43.11 | -8.35 | -8.83 | 4.74 | -0.73 | -18.62 | 0.88 |
| 5-year avg ROE %i | -7.59 | -25.11 | -27.65 | -30.83 | -29.70 | -24.62 | -17.04 | -13.33 |
| EBIT margin %i | -33.57 | -56.17 | -15.51 | -9.24 | 5.98 | 1.42 | -11.87 | 4.41 |
| FCF / sales %i | -- | 9.31 | 0.32 | -- | -- | 0.03 | 10.29 | 8.14 |
| Current ratioi | 3.23 | 3.38 | 3.92 | 2.54 | 2.44 | 2.59 | 2.46 | 2.17 |
| Quick ratioi | 1.11 | 1.10 | 1.76 | 1.03 | 1.05 | 1.02 | 1.05 | 0.90 |
| Debt / assetsi | 28.35 | 38.75 | 38.12 | 33.86 | 36.48 | 23.41 | 32.05 | 29.22 |
| LT debt / equityi | 50.24 | 92.34 | 83.18 | 81.16 | 98.93 | 46.29 | 81.17 | 75.04 |
| Interest coveragei | -10.98 | -16.99 | -2.63 | -1.56 | 1.33 | 0.57 | -3.08 | 1.91 |
| Revenue CAGR (3Y) %i | -0.29 | 17.63 | -14.45 | -20.19 | -9.89 | 12.97 | 14.70 | 4.18 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | 22.95 | -- | -- | -- | -47.34 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -32.34 | -28.21 | -31.11 | -3.16 | -2.09 | -0.51 |
| ROA %i | -13.68 | -12.26 | -13.22 | -1.23 | -0.81 | -0.20 |
| ROIC %i | -15.05 | -13.68 | -15.78 | 0.88 | 0.77 | 1.58 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -11.03 | -9.34 | -9.93 | 4.41 | 4.53 | 4.59 |
| FCF / sales %i | 11.04 | 10.28 | 10.07 | 8.14 | 7.26 | 6.39 |
| Current ratioi | 2.46 | 2.41 | 2.19 | 2.17 | 2.23 | 2.19 |
| Quick ratioi | 1.01 | 1.03 | 0.93 | 0.90 | 0.99 | 1.02 |
| Debt / assetsi | 30.64 | 29.57 | 29.24 | 29.22 | 31.48 | 29.52 |
| LT debt / equityi | 75.08 | 71.18 | 75.25 | 75.04 | 85.08 | 78.07 |
| Interest coveragei | -3.21 | -3.15 | -3.83 | 1.91 | 2.09 | 2.24 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Drilling and Completions is the largest reported line at 61.45% of revenue, across 3 reported segments.
- Artificial Lift and Downhole follows at 38.65%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Drilling and Completions61.45%
Artificial Lift and Downhole38.65%
Quote time 2026-10-08 10:04:56 · For reference only, not investment advice and not tailored to your situation.