What is Forum Energy Technologies, Inc.'s earnings per share (EPS)?

Forum Energy Technologies, Inc. (FET) reported diluted earnings per share of -$0.81 for fiscal year 2025. This represents a 92.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Forum Energy Technologies, Inc. (FET) Financials

FET

Trailing 12 months to March 31, 2026

Revenue $806.9M -0.1% YoY

Net Income -$6.3M +94.9% YoY

EPS (Diluted) -$0.60 +94.0% YoY

Free Cash Flow $58.5M -34.3% YoY

Market Cap $902.9M as of Oct 17, 2026

Price / Sales 1.1x on $806.9M revenue, trailing 12 months to March 31, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to March 31, 2026

Price / Book 3.2x on $280.7M equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 1, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 1, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FET SEC filings page.

Forum Energy Technologies, Inc. (FET) reported $806.9M in revenue over the twelve months to Mar 31, 2026, down 0.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FET FY2025 2026-10-04

Forum Energy Technologies returned to operating profitability in FY2025, but cash generation and margins reveal recovery without sales growth.

FY2025 paired a net loss of $9.7M with operating cash flow of $70.4M, so reported earnings and cash production diverged. Free cash flow remained $64.4M after $6.0M of capital spending, pointing to non-cash charges and working-capital timing as important cash-flow drivers rather than accounting profit alone.

Revenue fell to $791.5M in FY2025 from $816.4M in FY2024; that removes sales growth as the explanation for the recovery. Operating margin swung from -10.6% to 3.8%, pointing to a below-revenue improvement in operating costs or other operating items.

Long-term debt fell to $134.5M from $186.5M; that reduced a major fixed financing claim. Debt-to-equity improved to 0.5x, but the current ratio fell to 2.2x from 2.5x, so deleveraging did not mean every balance-sheet cushion strengthened.

Financial Health Signals

Financial Health Score 43/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Forum Energy Technologies, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Forum Energy Technologies, Inc. has an operating margin of 3.8%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 17/100, suggesting thin profitability after operating expenses. This is up from -10.6% the prior year.

Growth

Forum Energy Technologies, Inc.'s revenue declined 3.1% year-over-year, from $816.4M to $791.5M. This contraction results in a growth score of 56/100.

Leverage

Forum Energy Technologies, Inc. has a moderate D/E ratio of 0.46. This balance of debt and equity financing earns a leverage score of 35/100.

Liquidity

With a current ratio of 2.17, Forum Energy Technologies, Inc. holds $2.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 75/100.

Cash Flow

Forum Energy Technologies, Inc. has a free cash flow margin of 8.1%, earning a moderate score of 60/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Forum Energy Technologies, Inc. posts a -3.3% return on equity (ROE), meaning it loses $3 for every $100 of shareholders' equity. This results in a returns score of 14/100. This is up from -42.3% the prior year.

Altman Z-Score Distress

1.17

Forum Energy Technologies, Inc. scores 1.17, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($902.9M) relative to total liabilities ($461.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Forum Energy Technologies, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Forum Energy Technologies, Inc. reported a net loss of $9.7M while generating $70.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

1.65x

Forum Energy Technologies, Inc. earns $1.65 in operating income for every $1 of interest expense ($30.1M vs $18.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$208.7M

YoY+8.0%

QoQ+3.2%

5Y CAGR+12.8%

10Y CAGR+2.7%

Forum Energy Technologies, Inc. generated $208.7M in revenue in Q1 2026. This represents an increase of 8.0% from the same quarter a year earlier. Against the prior quarter it is up 3.2%.

EBITDA

$18.8M

YoY+5.8%

QoQ-8.7%

Forum Energy Technologies, Inc.'s EBITDA was $18.8M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is down 8.7%.

Net Income

$4.5M

YoY+300.4%

QoQ+116.8%

Forum Energy Technologies, Inc. reported $4.5M in net income in Q1 2026. This represents an increase of 300.4% from the same quarter a year earlier. Against the prior quarter it is up 116.8%.

EPS (Diluted)

$0.39

YoY+333.3%

QoQ+143.8%

Forum Energy Technologies, Inc. earned $0.39 per diluted share (EPS) in Q1 2026. This represents an increase of 333.3% from the same quarter a year earlier. Against the prior quarter it is up 143.8%.

Cash & Balance Sheet

Free Cash Flow

$1.4M

YoY-81.0%

QoQ-93.4%

10Y CAGR-24.4%

Forum Energy Technologies, Inc. generated $1.4M in free cash flow in Q1 2026, representing cash available after capex. This represents a decrease of 81.0% from the same quarter a year earlier. Against the prior quarter it is down 93.4%.

Cash & Debt

$37.5M

YoY+20.4%

QoQ+8.2%

5Y CAGR-18.0%

10Y CAGR-11.8%

Forum Energy Technologies, Inc. held $37.5M in cash against $152.3M in long-term debt as of Q1 2026.

Shares Outstanding

11M

YoY-8.6%

QoQ+0.4%

5Y CAGR+15.1%

10Y CAGR-18.8%

Forum Energy Technologies, Inc. had 11M shares outstanding in Q1 2026. This represents a decrease of 8.6% from the same quarter a year earlier. Against the prior quarter it is up 0.4%.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin

29.2%

YoY-1.0pp

QoQ-1.0pp

5Y change+6.4pp

10Y change+7.6pp

Forum Energy Technologies, Inc.'s gross margin was 29.2% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Operating Margin

5.3%

YoY+0.7pp

QoQ-1.0pp

5Y change+17.8pp

10Y change+21.0pp

Forum Energy Technologies, Inc.'s operating margin was 5.3% in Q1 2026, reflecting core business profitability. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Net Margin

2.1%

YoY+1.6pp

QoQ+1.1pp

5Y change+28.1pp

10Y change+16.5pp

Forum Energy Technologies, Inc.'s net profit margin was 2.1% in Q1 2026, showing the share of revenue converted to profit. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Return on Equity

1.6%

YoY+1.3pp

QoQ+0.9pp

5Y change+9.4pp

10Y change+3.5pp

Forum Energy Technologies, Inc.'s ROE was 1.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Capital Allocation

Share Buybacks

$4.6M

YoY+128.8%

QoQ-66.1%

5Y CAGR+101.1%

Forum Energy Technologies, Inc. spent $4.6M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 128.8% from the same quarter a year earlier. Against the prior quarter it is down 66.1%.

Capital Expenditures

$256K

YoY-87.9%

QoQ-83.6%

5Y CAGR-8.0%

10Y CAGR-24.5%

Forum Energy Technologies, Inc. invested $256K in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 87.9% from the same quarter a year earlier. Against the prior quarter it is down 83.6%.

R&D Spending

Not reported for Q1 2026.

FET Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FET quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$806.9M	$791.5M-3.1%	$816.4M+10.5%	$738.9M+5.6%	$699.9M+29.4%	$541.1M+5.6%	$512.5M-46.4%	$956.5M-10.1%	$1.1B+30.0%	$818.6M+39.3%	$587.6M-45.3%	$1.1B-38.3%	$1.7B+14.1%	$1.5B+7.8%	$1.4B+25.4%	$1.1B
Cost of Revenue	$585.2M	$572.4M+2.0%	$561.4M+5.0%	$534.7M+4.6%	$511.4M+22.4%	$417.7M-20.2%	$523.5M-26.4%	$711.7M-11.9%	$807.8M+28.3%	$629.8M+29.1%	$487.9M-39.8%	$811.0M-31.3%	$1.2B+12.5%	$1.0B+10.3%	$951.9M+24.3%	$765.7M
Gross Profit	$221.7M	$219.0M-14.1%	$255.0M+24.9%	$204.2M+8.3%	$188.5M+52.8%	$123.3M+1219.1%	-$11.0M-104.5%	$244.9M-4.5%	$256.4M+35.8%	$188.8M+89.3%	$99.7M-62.0%	$262.7M-53.0%	$559.5M+17.7%	$475.2M+2.6%	$463.1M+27.8%	$362.5M
SG&A Expenses	$200.5M	$199.9M-8.9%	$219.3M+21.6%	$180.4M+0.5%	$179.5M+6.3%	$168.9M-14.6%	$197.7M-21.5%	$251.7M-12.3%	$287.0M+13.1%	$253.7M+11.8%	$227.0M-14.3%	$264.9M-15.3%	$312.8M+16.0%	$269.7M+19.7%	$225.3M+20.6%	$186.8M
Operating Income	$32.3M	$30.1M+134.7%	-$86.8M-518.8%	$20.7M+19.6%	$17.3M+138.9%	-$44.5M+80.8%	-$231.6M+56.8%	-$536.1M-35.1%	-$397.0M-180.4%	-$141.6M-9.8%	-$129.0M-13.4%	-$113.7M-142.4%	$268.0M+27.9%	$209.6M-13.0%	$240.9M+50.0%	$160.6M
EBITDA	N/A	$63.9M+293.3%	-$33.0M-159.6%	$55.4M+2.1%	$54.3M+2443.7%	-$2.3M+98.7%	-$180.6M+61.8%	-$472.9M-46.6%	-$322.5M-321.7%	-$76.5M-13.8%	-$67.2M-39.9%	-$48.0M-114.4%	$333.1M+23.3%	$270.1M-7.7%	$292.7M+45.3%	$201.4M
Interest Expense	$17.5M	$18.3M-41.8%	$31.5M+72.1%	$18.3M-42.0%	$31.5M-1.5%	$32.0M+5.8%	$30.3M-4.3%	$31.6M-2.8%	$32.5M+21.4%	$26.8M-2.2%	$27.4M-8.5%	$29.9M+0.3%	$29.8M+62.5%	$18.4M+12.2%	$16.4M-16.2%	$19.5M
Income Tax	$25.4M	$26.2M+280.4%	$6.9M-37.6%	$11.1M+66.7%	$6.6M+933.8%	$642K+105.0%	-$12.9M-610.1%	-$1.8M+88.4%	-$15.7M-480.3%	$4.1M+107.4%	-$56.1M-275.2%	-$14.9M-121.9%	$68.1M+20.7%	$56.5M-20.7%	$71.3M+51.3%	$47.1M
Net Income	-$6.3M	-$9.7M+92.9%	-$135.3M-616.9%	-$18.9M-608.5%	$3.7M+104.5%	-$82.7M+14.7%	-$96.9M+82.9%	-$567.1M-51.6%	-$374.1M-529.8%	-$59.4M+27.5%	-$82.0M+31.3%	-$119.4M-168.5%	$174.4M+34.6%	$129.5M-14.5%	$151.5M+62.3%	$93.3M
EPS (Basic)	N/A	-$0.81+92.6%	-$11.00-494.6%	-$1.85-384.6%	$0.65+104.4%	-$14.65+15.7%	-$17.37+83.1%	-$103.01-2894.5%	-$3.44-473.3%	-$0.60+33.3%	-$0.90+32.3%	-$1.33-170.7%	$1.88+31.5%	$1.43-24.3%	$1.89+27.7%	$1.48
EPS (Diluted)	-$0.60	-$0.81+92.6%	-$11.00-494.6%	-$1.85	$0.62	-$14.65+15.7%	-$17.37	-$103.01	-$3.44-473.3%	-$0.60+33.3%	-$0.90+32.3%	-$1.33-172.7%	$1.83+33.6%	$1.37-21.3%	$1.74+26.1%	$1.38
Diluted Shares (Avg)	N/A	12M-3.4%	12M+20.4%	10M	6M	6M+1.2%	6M	6M	109M+10.2%	99M+8.2%	91M+1.5%	90M-5.7%	95M+0.7%	95M+8.8%	87M+28.8%	67M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$208.7M+8.0%	$202.2M+0.6%	$196.2M-5.6%	$199.8M-2.7%	$193.3M-4.5%	$201.0M+8.5%	$207.8M+15.9%	$205.2M+10.7%
Cost of Revenue	$147.7M+9.5%	$141.1M+1.9%	$156.0M+9.8%	$140.4M-1.2%	$134.9M-2.7%	$138.6M+2.3%	$142.1M+10.8%	$142.1M+6.0%
Gross Profit	$61.0M+4.5%	$61.1M-2.2%	$40.2M-38.8%	$59.4M-5.9%	$58.4M-8.5%	$62.5M+25.6%	$65.7M+28.8%	$63.1M+22.9%
SG&A Expenses	$50.0M+1.3%	$48.9M-10.5%	$50.4M-10.4%	$51.2M-4.7%	$49.4M-9.7%	$54.6M+21.4%	$56.3M+23.8%	$53.7M+21.0%
Operating Income	$11.0M+25.0%	$12.8M+111.9%	-$6.1M-168.5%	$14.7M+85.1%	$8.8M+175.1%	-$106.8M-6077.4%	$8.9M+57.2%	$7.9M+23.8%
EBITDA	$18.8M+5.8%	$20.6M+121.8%	$1.8M-92.2%	$23.8M+8.2%	$17.8M+4.3%	-$94.7M-999.7%	$22.6M+54.9%	$22.0M+47.5%
Interest Expense	$4.1M-16.9%	$4.3M-33.7%	$4.4M-42.9%	$4.7M-45.7%	$5.0M-43.1%	$6.4M+41.0%	$7.7M+69.8%	$8.7M+84.7%
Income Tax	$2.9M-23.1%	$6.2M+265.4%	$10.1M+118.5%	$6.2M+148.6%	$3.8M+6.8%	-$3.7M-176.2%	$4.6M+212.2%	$2.5M+34.4%
Net Income	$4.5M+300.4%	$2.1M+102.0%	-$20.6M-38.7%	$7.7M+215.0%	$1.1M+110.9%	-$103.5M-516.8%	-$14.8M-285.9%	-$6.7M-1.8%
EPS (Basic)	$0.40+344.4%	$0.16+101.9%	-$1.76-46.7%	$0.62+214.8%	$0.09+110.6%	-$8.41-412.8%	-$1.20-253.8%	-$0.54+15.6%
EPS (Diluted)	$0.39+333.3%	$0.16+101.9%	-$1.76-46.7%	$0.61+213.0%	$0.09+110.6%	-$8.41-412.8%	-$1.20-255.8%	-$0.54+15.6%
Diluted Shares (Avg)	12M-7.4%	N/A	12M-5.3%	13M+1.8%	13M+3.0%	N/A	12M+18.6%	12M+20.8%

Not reported in any period shown, so not listed: R&D Expenses.

FET Balance Sheet

FET quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$752.5M-7.8%	$816.0M-0.6%	$821.1M-1.6%	$834.8M+5.5%	$791.3M-11.1%	$889.9M-23.3%	$1.2B-36.6%	$1.8B-16.7%	$2.2B+19.6%	$1.8B-2.7%	$1.9B-14.8%	$2.2B+2.1%	$2.2B+14.6%	$1.9B+17.8%	$1.6B
Current Assets	$448.9M-9.4%	$495.6M-6.4%	$529.6M+3.3%	$512.9M+14.8%	$446.7M-8.9%	$490.2M-26.4%	$665.9M-13.1%	$766.0M-3.1%	$790.4M+5.4%	$749.7M+4.4%	$717.8M-19.8%	$895.2M+10.6%	$809.5M+4.5%	$774.9M+25.3%	$618.6M
Cash & Equivalents	$34.7M-22.4%	$44.7M-3.3%	$46.2M-9.5%	$51.0M+8.9%	$46.9M-63.6%	$128.6M+122.1%	$57.9M+22.6%	$47.2M-59.0%	$115.2M-50.9%	$234.4M+114.6%	$109.2M+42.7%	$76.6M+93.5%	$39.6M-3.6%	$41.1M+99.8%	$20.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$239.4M-9.8%	$265.5M-11.4%	$299.6M+11.0%	$269.8M+11.6%	$241.7M-4.0%	$251.7M-39.3%	$414.6M-13.4%	$479.0M+8.1%	$443.2M+30.9%	$338.6M-20.2%	$424.1M-8.1%	$461.5M+4.6%	$441.0M-3.1%	$455.1M+40.2%	$324.6M
Accounts Receivable	$142.4M-7.5%	$153.9M+4.9%	$146.7M-4.9%	$154.2M+24.5%	$123.9M+53.7%	$80.6M-47.7%	$154.2M-25.2%	$206.1M+1.5%	$202.9M+92.8%	$105.3M-24.0%	$138.6M-51.7%	$287.0M+14.7%	$250.3M+9.3%	$228.9M+0.1%	$228.7M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$64.7M+4.9%	$61.7M	$0	N/A	N/A	N/A	$0-100.0%	$469.6M-37.8%	$755.2M+15.7%	$652.7M-2.4%	$669.0M-16.2%	$798.5M-0.5%	$802.3M+15.3%	$695.8M+15.8%	$600.8M
Total Liabilities	$461.3M-7.0%	$496.1M+21.5%	$408.4M-22.6%	$527.7M+14.2%	$462.2M-4.4%	$483.7M-28.2%	$674.0M-15.7%	$799.5M+1.7%	$786.2M+31.2%	$599.4M-4.6%	$628.6M-23.2%	$818.2M-2.4%	$837.9M+14.7%	$730.8M-23.2%	$952.2M
Current Liabilities	$206.5M+2.3%	$201.9M-1.2%	$204.3M-2.8%	$210.3M+19.7%	$175.7M+40.6%	$124.9M-36.5%	$196.8M-16.9%	$236.9M+9.5%	$216.3M+52.5%	$141.8M-6.4%	$151.6M-46.3%	$282.2M+28.3%	$220.0M-19.4%	$273.1M+7.2%	$254.7M
Non-Current Liabilities	$254.8M-13.4%	$294.2M+44.2%	$204.1M-35.7%	$317.4M+10.8%	$286.6M-20.1%	$358.8M-24.8%	$477.1M-15.2%	$562.6M-1.3%	$569.9M+24.5%	$457.6M-4.1%	$477.1M-11.0%	$536.0M-13.3%	$617.9M+35.0%	$457.8M-34.4%	$697.5M
Long-Term Debt	$134.5M-27.9%	$186.5M+44.0%	$129.6M-45.8%	$239.1M+2.9%	$232.4M-20.8%	$293.4M-26.4%	$398.9M-22.9%	$517.5M+2.1%	$506.8M+27.7%	$396.7M+0.2%	$396.0M-5.8%	$420.5M-17.9%	$512.1M+28.0%	$400.2M-39.4%	$660.4M
Total Equity	$291.1M-9.0%	$319.9M-22.5%	$412.6M+34.4%	$307.0M-6.7%	$329.1M-19.0%	$406.2M-16.4%	$486.0M-52.8%	$1.0B-26.9%	$1.4B+14.1%	$1.2B-1.7%	$1.3B-9.9%	$1.4B+4.9%	$1.3B+14.5%	$1.2B+77.5%	$654.5M
Retained Earnings	-$844.5M-1.2%	-$834.8M-19.3%	-$699.5M-2.8%	-$680.6M+0.5%	-$684.3M-13.7%	-$601.7M-19.5%	-$503.4M-890.4%	$63.7M-85.5%	$438.8M-11.9%	$498.2M-14.1%	$580.2M-17.1%	$699.5M+33.2%	$525.1M+32.7%	$395.6M+62.0%	$244.1M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$763.1M-3.4%	$752.5M-7.8%	$770.1M-20.9%	$810.1M-17.1%	$790.1M-22.6%	$816.0M-0.6%	$973.7M+17.5%	$976.8M+15.8%
Current Assets	$464.3M-3.0%	$448.9M-9.4%	$459.3M-12.3%	$487.7M-6.4%	$478.6M-12.5%	$495.6M-6.4%	$523.7M-1.4%	$521.3M-3.0%
Cash & Equivalents	$37.5M+20.4%	$34.7M-22.4%	$31.7M-4.9%	$39.0M+22.4%	$31.1M-35.8%	$44.7M-3.3%	$33.3M-10.3%	$31.8M+28.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$236.4M-10.3%	$239.4M-9.8%	$248.3M-13.5%	$260.0M-10.7%	$263.6M-13.0%	$265.5M-11.4%	$286.9M-5.1%	$291.1M-3.8%
Accounts Receivable	$155.5M+1.3%	$142.4M-7.5%	$146.9M-9.9%	$155.0M-5.6%	$153.5M-5.2%	$153.9M+4.9%	$163.1M+3.3%	$164.2M-2.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$63.8M+3.4%	$64.7M+4.9%	$63.8M-2.8%	$65.2M+4.0%	$61.7M-2.4%	$61.7M	$65.6M	$62.7M
Total Liabilities	$482.4M+2.6%	$461.3M-7.0%	$472.8M-10.8%	$475.9M-11.0%	$470.1M-18.3%	$496.1M+21.5%	$530.2M+28.8%	$534.8M+26.0%
Current Liabilities	$208.6M+7.2%	$206.5M+2.3%	$209.6M-22.7%	$202.3M+4.2%	$194.7M+0.8%	$201.9M-1.2%	$271.0M+30.1%	$194.1M-7.7%
Non-Current Liabilities	$273.8M-0.6%	$254.8M-13.4%	$263.2M+1.5%	$273.6M-19.7%	$275.4M-27.9%	$294.2M+44.2%	$259.2M+27.4%	$340.7M+59.0%
Long-Term Debt	$152.3M-10.2%	$134.5M-27.9%	$138.5M-14.6%	$157.7M-36.0%	$169.5M-39.9%	$186.5M+44.0%	$162.2M+26.2%	$246.3M+78.7%
Total Equity	$280.7M-12.3%	$291.1M-9.0%	$297.3M-33.0%	$334.2M-24.4%	$320.0M-28.3%	$319.9M-22.5%	$443.5M+6.3%	$442.0M+5.4%
Retained Earnings	-$840.0M-0.8%	-$844.5M-1.2%	-$846.5M-15.8%	-$826.0M-15.3%	-$833.7M-17.5%	-$834.8M-19.3%	-$731.3M-7.1%	-$716.5M-3.7%

FET Cash Flow Statement

FET quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$62.7M	$70.4M-23.6%	$92.2M+1026.6%	$8.2M+148.0%	-$17.1M-8.1%	-$15.8M-506.3%	$3.9M-96.3%	$104.1M+4226.7%	$2.4M+106.0%	-$40.0M-161.8%	$64.7M-58.5%	$155.9M-42.2%	$270.0M+27.7%	$211.4M+53.2%	$137.9M+251.2%	$39.3M
Depreciation & Amortization	N/A	$33.8M-37.2%	$53.7M+54.7%	$34.7M-6.1%	$37.0M-12.3%	$42.2M-17.3%	$51.0M-19.4%	$63.2M-15.1%	$74.5M+14.4%	$65.1M+5.5%	$61.8M-6.0%	$65.7M+0.9%	$65.1M+7.4%	$60.6M+16.9%	$51.8M+27.0%	$40.8M
Stock-Based Compensation	N/A	$9.0M+26.7%	$7.1M+56.1%	$4.6M+8.7%	$4.2M-44.6%	$7.6M-22.4%	$9.8M-38.3%	$15.8M-20.5%	$19.9M-1.9%	$20.3M-1.1%	$20.5M-5.3%	$21.7M+15.5%	$18.8M-1.4%	$19.0M+132.8%	$8.2M+58.6%	$5.2M
Capital Expenditures	$4.2M	$6.0M-26.2%	$8.1M+2.5%	$7.9M+6.0%	$7.5M+212.3%	$2.4M+6.8%	$2.2M-85.1%	$15.1M-37.2%	$24.0M-10.0%	$26.7M+58.7%	$16.8M-47.9%	$32.3M-40.0%	$53.8M-10.7%	$60.3M+21.3%	$49.7M+20.7%	$41.2M
Free Cash Flow	$58.5M	$64.4M-23.4%	$84.0M+35065.7%	$239K+101.0%	-$24.5M-35.1%	-$18.2M-1210.2%	$1.6M-98.2%	$89.0M+511.5%	-$21.6M+67.6%	-$66.7M-239.3%	$47.9M-61.2%	$123.6M-42.8%	$216.2M+43.0%	$151.1M+71.2%	$88.3M+4774.6%	-$1.9M
Investing Cash Flow	$11.4M	$9.6M+107.0%	-$137.5M-1992.3%	-$6.6M-124.2%	$27.1M+153.7%	$10.7M-90.1%	$108.3M+284.8%	$28.1M+137.3%	-$75.4M+59.9%	-$188.0M-1587.8%	-$11.1M+87.8%	-$91.3M-29.2%	-$70.7M+75.5%	-$289.0M-56.6%	-$184.5M+66.5%	-$550.1M
Financing Cash Flow	-$68.7M	-$91.6M-302.4%	$45.2M+696.7%	-$7.6M-49.4%	-$5.1M+93.3%	-$76.2M-82.6%	-$41.8M+65.8%	-$122.2M-1973.5%	$6.5M-93.5%	$100.6M+16.7%	$86.2M+420.0%	-$26.9M+83.4%	-$162.0M-310.3%	$77.1M+17.1%	$65.8M-87.1%	$510.1M
Share Buybacks	$37.2M	$34.6M	$0-100.0%	$6.0M+56.7%	$3.8M+170.6%	$1.4M+625.1%	$195K-82.2%	$1.1M-60.6%	$2.8M-41.4%	$4.7M+661.2%	$623K-90.3%	$6.4M-93.3%	$96.6M+2138.9%	$4.3M+7607.1%	$56K+3.7%	$54K

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$1.6M-82.6%	$22.4M-41.7%	$22.9M-10.7%	$15.8M-31.6%	$9.3M+85.7%	$38.5M+242.1%	$25.6M-3.1%	$23.1M+462.3%
Depreciation & Amortization	$7.8M-13.1%	$7.8M-35.5%	$7.9M-42.6%	$9.1M-35.3%	$9.0M-35.1%	$12.2M+39.2%	$13.7M+53.4%	$14.0M+65.4%
Stock-Based Compensation	$2.5M+38.6%	N/A	N/A	N/A	$1.8M+15.6%	N/A	N/A	N/A
Capital Expenditures	$256K-87.9%	$1.6M-35.2%	$1.4M+4.9%	$951K-36.5%	$2.1M-27.5%	$2.4M-1.5%	$1.3M-50.6%	$1.5M-13.2%
Free Cash Flow	$1.4M-81.0%	$20.9M-42.2%	$21.5M-11.5%	$14.8M-31.2%	$7.2M+241.5%	$36.1M+309.7%	$24.3M+2.3%	$21.6M+366.4%
Investing Cash Flow	-$253K+87.9%	-$718K-103.9%	$5.3M+467.6%	$7.1M+529.7%	-$2.1M+98.6%	$18.4M+860.5%	-$1.4M+41.7%	-$1.7M-87.4%
Financing Cash Flow	$1.9M+108.8%	-$19.2M+56.6%	-$35.1M-37.7%	-$16.3M+55.9%	-$21.0M-113.8%	-$44.2M-6436.2%	-$25.5M-131.0%	-$36.9M-142.4%
Share Buybacks	$4.6M+128.8%	$13.5M	$14.8M	$4.3M	$2.0M	$0-100.0%	$0	$0

Not reported in any period shown, so not listed: Dividends Paid.

FET Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FET quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	27.7%-3.6pp	31.2%+3.6pp	27.6%+0.7pp	26.9%+4.1pp	22.8%+24.9pp	-2.1%-27.8pp	25.6%+1.5pp	24.1%+1.0pp	23.1%+6.1pp	17.0%-7.5pp	24.5%-7.7pp	32.2%+1.0pp	31.2%-1.6pp	32.7%+0.6pp	32.1%
Operating Margin	3.8%+14.4pp	-10.6%-13.4pp	2.8%+0.3pp	2.5%+10.7pp	-8.2%+37.0pp	-45.2%+10.8pp	-56.0%-18.8pp	-37.3%-20.0pp	-17.3%+4.6pp	-21.9%-11.4pp	-10.6%-26.0pp	15.4%+1.7pp	13.7%-3.3pp	17.0%+2.8pp	14.2%
Net Margin	-1.2%+15.4pp	-16.6%-14.0pp	-2.5%-3.1pp	0.5%+15.8pp	-15.3%+3.6pp	-18.9%+40.4pp	-59.3%-24.1pp	-35.1%-27.9pp	-7.3%+6.7pp	-14.0%-2.8pp	-11.1%-21.1pp	10.0%+1.5pp	8.5%-2.2pp	10.7%+2.4pp	8.3%
Return on Equity	-3.3%+39.0pp	-42.3%-37.7pp	-4.6%-5.8pp	1.2%+26.3pp	-25.1%-1.3pp	-23.8%+92.8pp	-116.7%-80.4pp	-36.3%-32.1pp	-4.2%+2.4pp	-6.6%+2.8pp	-9.5%-22.0pp	12.5%+2.8pp	9.7%-3.3pp	13.0%-1.2pp	14.3%
Return on Assets	-1.3%+15.3pp	-16.6%-14.3pp	-2.3%-2.7pp	0.4%+10.9pp	-10.4%+0.4pp	-10.9%+38.0pp	-48.9%-28.4pp	-20.4%-17.7pp	-2.7%+1.8pp	-4.5%+1.9pp	-6.3%-14.2pp	7.9%+1.9pp	6.0%-2.0pp	8.0%+2.2pp	5.8%
Current Ratio	2.17-0.3x	2.46-0.1x	2.59+0.2x	2.44-0.1x	2.54-1.4x	3.92+0.5x	3.38+0.1x	3.23-0.4x	3.65-1.6x	5.29+0.5x	4.74+1.6x	3.17-0.5x	3.68+0.8x	2.84+0.4x	2.43
Debt-to-Equity	0.46-0.1x	0.58+0.3x	0.31-0.5x	0.78+0.1x	0.710.0x	0.72-0.1x	0.82+0.3x	0.50+0.1x	0.360.0x	0.320.0x	0.320.0x	0.30-0.1x	0.380.0x	0.34-0.7x	1.01
Asset Turnover	1.05+0.1x	1.00+0.1x	0.90+0.1x	0.84+0.2x	0.68+0.1x	0.58-0.2x	0.82+0.2x	0.58+0.2x	0.37+0.1x	0.32-0.2x	0.57-0.2x	0.79+0.1x	0.700.0x	0.750.0x	0.70
FCF Margin	8.1%-2.2pp	10.3%+10.3pp	0.0%+3.5pp	-3.5%-0.2pp	-3.4%-3.7pp	0.3%-9.0pp	9.3%+11.3pp	-2.0%+6.1pp	-8.2%-16.3pp	8.2%-3.4pp	11.5%-0.9pp	12.4%+2.5pp	9.9%+3.7pp	6.2%+6.4pp	-0.2%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	29.2%-1.0pp	30.2%-0.9pp	20.5%-11.1pp	29.7%-1.0pp	30.2%-1.3pp	31.1%+4.2pp	31.6%+3.2pp	30.7%+3.1pp
Operating Margin	5.3%+0.7pp	6.3%+59.5pp	-3.1%-7.4pp	7.3%+3.5pp	4.6%+3.0pp	-53.1%-54.1pp	4.3%+1.1pp	3.9%+0.4pp
Net Margin	2.1%+1.6pp	1.0%+52.5pp	-10.5%-3.3pp	3.9%+7.1pp	0.6%+5.7pp	-51.5%-42.4pp	-7.1%-11.6pp	-3.3%+0.3pp
Return on Equity	1.6%+1.3pp	0.7%+33.1pp	-6.9%-3.6pp	2.3%+3.8pp	0.4%+2.7pp	-32.4%-28.3pp	-3.3%-5.3pp	-1.5%+0.1pp
Return on Assets	0.6%+0.4pp	0.3%+13.0pp	-2.7%-1.2pp	0.9%+1.6pp	0.1%+1.1pp	-12.7%-10.6pp	-1.5%-2.5pp	-0.7%+0.1pp
Current Ratio	2.23-0.2x	2.17-0.3x	2.19+0.3x	2.41-0.3x	2.46-0.4x	2.46-0.1x	1.93-0.6x	2.69+0.1x
Debt-to-Equity	0.540.0x	0.46-0.1x	0.47+0.1x	0.47-0.1x	0.53-0.1x	0.58+0.3x	0.37+0.1x	0.56+0.2x
Asset Turnover	0.270.0x	0.270.0x	0.250.0x	0.250.0x	0.240.0x	0.250.0x	0.210.0x	0.210.0x
FCF Margin	0.7%-3.1pp	10.3%-7.6pp	10.9%-0.7pp	7.4%-3.1pp	3.7%+2.7pp	18.0%+13.2pp	11.7%-1.6pp	10.5%+14.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Forum Energy Technologies, Inc. FET	FY2025	$791.5M	-$9.7M	-1.2%	$902.9M	43/100
OIL STATES INTERNATIONAL, INC. OIS	FY2025	$669.0M	-$109.4M	-16.4%	$489.8M	44/100
Natural Gas Services Group, Inc. NGS	FY2025	$172.3M	$19.9M	11.6%	$401.1M	48/100
Flotek Industries, Inc. FTK	FY2025	$237.3M	$30.5M	12.9%	$871.5M	46/100
Ranger Energy Services, Inc. RNGR	FY2025	$546.9M	$12.3M	2.3%	$347.3M	47/100

Where Forum Energy Technologies, Inc. Ranks

Frequently Asked Questions

What is Forum Energy Technologies, Inc.'s annual revenue?

Forum Energy Technologies, Inc. (FET) reported $791.5M in total revenue for fiscal year 2025. This represents a -3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Forum Energy Technologies, Inc.'s revenue growing?

Forum Energy Technologies, Inc. (FET) revenue declined by 3.1% year-over-year, from $816.4M to $791.5M in fiscal year 2025.

Is Forum Energy Technologies, Inc. profitable?

No, Forum Energy Technologies, Inc. (FET) reported a net income of -$9.7M in fiscal year 2025, with a net profit margin of -1.2%.

What is Forum Energy Technologies, Inc.'s EBITDA?

Forum Energy Technologies, Inc. (FET) had EBITDA of $63.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Forum Energy Technologies, Inc. have?

As of fiscal year 2025, Forum Energy Technologies, Inc. (FET) had $34.7M in cash and equivalents against $134.5M in long-term debt.

What is Forum Energy Technologies, Inc.'s gross margin?

Forum Energy Technologies, Inc. (FET) had a gross margin of 27.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Forum Energy Technologies, Inc.'s operating margin?

Forum Energy Technologies, Inc. (FET) had an operating margin of 3.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Forum Energy Technologies, Inc.'s net profit margin?

Forum Energy Technologies, Inc. (FET) had a net profit margin of -1.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Forum Energy Technologies, Inc.'s return on equity (ROE)?

Forum Energy Technologies, Inc. (FET) has a return on equity of -3.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Forum Energy Technologies, Inc.'s free cash flow?

Forum Energy Technologies, Inc. (FET) generated $64.4M in free cash flow during fiscal year 2025. This represents a -23.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Forum Energy Technologies, Inc.'s operating cash flow?

Forum Energy Technologies, Inc. (FET) generated $70.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Forum Energy Technologies, Inc.'s total assets?

Forum Energy Technologies, Inc. (FET) had $752.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Forum Energy Technologies, Inc.'s capital expenditures?

Forum Energy Technologies, Inc. (FET) invested $6.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Forum Energy Technologies, Inc. buy back shares?

Yes, Forum Energy Technologies, Inc. (FET) spent $34.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Forum Energy Technologies, Inc. have outstanding?

Forum Energy Technologies, Inc. (FET) had 11M shares outstanding as of fiscal year 2025.

What is Forum Energy Technologies, Inc.'s current ratio?

Forum Energy Technologies, Inc. (FET) had a current ratio of 2.17 as of fiscal year 2025, which is generally considered healthy.

What is Forum Energy Technologies, Inc.'s debt-to-equity ratio?

Forum Energy Technologies, Inc. (FET) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Forum Energy Technologies, Inc.'s return on assets (ROA)?

Forum Energy Technologies, Inc. (FET) had a return on assets of -1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Forum Energy Technologies, Inc.'s P/E ratio?

Forum Energy Technologies, Inc. (FET) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to March 31, 2026). The market capitalization is $902.9M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Forum Energy Technologies, Inc.'s price-to-sales ratio?

Forum Energy Technologies, Inc. (FET) trades at 1.1x sales, its market capitalization divided by revenue of $806.9M revenue, trailing 12 months to March 31, 2026. The market capitalization is $902.9M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Forum Energy Technologies, Inc.'s Altman Z-Score?

Forum Energy Technologies, Inc. (FET) has an Altman Z-Score of 1.17, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Forum Energy Technologies, Inc.'s Piotroski F-Score?

Forum Energy Technologies, Inc. (FET) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Forum Energy Technologies, Inc.'s earnings high quality?

Forum Energy Technologies, Inc. (FET) reported a net loss of $9.7M while generating $70.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Forum Energy Technologies, Inc. cover its interest payments?

Forum Energy Technologies, Inc. (FET) has an interest coverage ratio of 1.65x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Forum Energy Technologies, Inc.?

Forum Energy Technologies, Inc. (FET) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.