FORUM ENERGY TECHNOLOGIES, INC. FET

Industrials SIC 3533 - Oil & Gas Field Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Mining and Oil and Gas Field Machinery Manufacturing › Oil and Gas Field Machinery and Equipment Manufacturing derived NYSE

Forum Energy Technologies, Inc., a Delaware corporation (the "Company," "FET," "we," "our" or "us"), is a global manufacturing company serving the oil, natural gas, defense and renewable energy industries. Our common shares are listed on the New York Stock Exchange ("NYSE") and NYSE Texas under the symbol "FET." Our principal executive offices are located at 10344 Sam Houston Park Drive, Houston, Texas 77064, our telephone number is (713) 351-7900, and our website is www.f-e-t.com. Our Annual Reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and all amendments thereto, are available free of charge in the "Investors" section of our website as soon as reasonably practicable after such reports are electronically filed with or furnished to the Securities and Exchange Commission ("SEC"). These reports are also available on the SEC's website at www.sec.gov. Information contained on or accessible from our website is not incorporated by reference into this Annual Report on Form 10-K and should not be considered part of this report or any other filing that we make with the SEC.

Last close 87.17 2026-10-23
Market cap $985.4M 2026-03-31 share count
52-week range 26.00 - 89.93

Valuation FY2025 figures against the last close

P/S1.2x
P/E—
P/FCF15.3x
EV/EBITDA17.0x
Dividend yield—
Diluted EPS-0.81

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $791.5M$816.4M$738.9M$699.9M$541.1M$512.5M$956.5M$1.06B$818.6M$587.6M
Cost of revenue $572.4M$561.4M$534.7M$511.4M$417.7M$523.5M$711.7M$807.8M$629.8M$487.9M
Gross profit $219.0M$255.0M$204.2M$188.5M$123.3M-$11.0M$244.9M$256.4M$188.8M$99.7M
SG&A $199.9M$219.3M$180.4M$179.5M$168.9M$197.7M$251.7M$287.0M$253.7M$227.0M
Total operating expenses $188.9M$341.8M$183.4M$171.2M$167.8M$220.6M$780.7M$653.5M$331.4M$230.5M
Operating income $30.1M-$86.8M$20.7M$17.3M-$44.5M-$231.6M-$536.1M-$397.0M-$141.6M-$129.0M
Interest expense ————————$26.8M$27.4M
Pre-tax income $16.6M-$128.4M-$7.8M$10.3M-$82.0M-$109.8M-$568.9M-$389.8M-$55.3M-$138.0M
Income tax $26.2M$6.9M$11.1M$6.6M$642.0K$12.9M$1.8M$15.7M$4.1M$56.1M
Net income -$9.7M-$135.3M-$18.9M$3.7M-$82.7M-$96.9M-$567.1M-$374.1M-$59.4M-$82.0M
EPS, basic -0.81-11.00-1.850.65-14.65-17.37-103.01-3.44-0.60-0.90
EPS, diluted -0.81-11.00-1.850.62-14.65-17.37-103.01-3.44-0.60-0.90
Shares, diluted (wtd. avg.) 11.9M12.3M10.2M6.0M5.6M5.6M5.5M108.8M98.7M91.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $34.7M$44.7M$46.2M$51.0M$46.9M$128.6M$57.9M$47.2M$115.2M$234.4M
Receivables $142.4M$153.9M$146.7M$154.2M$123.9M$80.6M$154.2M$206.1M$202.9M$105.3M
Inventory $239.4M$265.5M$299.6M$269.8M$241.7M$251.7M$414.6M$479.0M$443.2M$338.6M
Total current assets $448.9M$495.6M$529.6M$512.9M$446.7M$490.2M$665.9M$766.0M$790.4M$749.7M
Property, plant and equipment ——————$154.8M$177.4M$197.3M$152.2M
Goodwill $64.7M$61.7M$0———$0$469.6M$755.2M$652.7M
Other intangibles $93.6M$109.2M$168.0M$191.5M$217.4M$240.4M$272.3M$359.0M$443.1M$216.4M
Total assets $752.5M$816.0M$821.1M$834.8M$791.3M$889.9M$1.16B$1.83B$2.20B$1.84B
Accounts payable $94.6M$109.7M$125.9M$118.3M$99.4M$46.4M$98.7M$143.2M$137.7M$73.8M
Short-term debt $1.4M$1.9M$1.2M$782.0K$860.0K$1.3M————
Total current liabilities $206.5M$201.9M$204.3M$210.3M$175.7M$124.9M$196.8M$236.9M$216.3M$141.8M
Long-term debt $134.5M$186.5M$129.6M$239.1M$232.4M$293.4M$398.9M———
Total liabilities $461.3M$496.1M$408.4M$527.7M$462.2M$483.7M$674.0M$799.5M$786.2M$599.4M
Retained earnings -$844.5M-$834.8M-$699.5M-$680.6M-$684.3M-$601.7M-$503.4M$63.7M$438.8M$498.2M
Total equity $291.1M$319.9M$412.6M$307.0M$329.1M$406.2M$486.0M$1.03B$1.41B$1.24B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $70.4M$92.2M$8.2M-$17.1M-$15.8M$3.9M$104.1M$2.4M-$40.0M$64.7M
Depreciation and amortisation $33.8M$53.7M$34.7M$37.0M$42.2M$51.0M$63.2M$74.5M$65.1M$61.8M
Stock-based compensation $9.0M$7.1M$4.6M$4.2M$7.6M$9.8M$15.8M$19.9M$20.3M$20.5M
Capital expenditure $6.0M$8.1M$7.9M$7.5M$2.4M$2.2M$15.1M$24.0M$26.7M$16.8M
Investing cash flow $9.6M-$137.5M-$6.6M$27.1M$10.7M$108.2M$28.1M-$75.4M-$188.0M-$11.1M
Financing cash flow -$91.6M$45.2M-$7.6M-$5.1M-$76.2M-$41.8M-$122.2M$6.5M$100.6M$86.2M
Buybacks $34.6M$0$6.0M$3.8M$1.4M$195.0K$1.1M$2.8M$4.7M$623.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001401257-26-000015.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B -500M 0 500M 1B 1.5B Revenue, FY2016: 587.6M Gross profit, FY2016: 99.7M Net income, FY2016: -82M Revenue, FY2017: 818.6M Gross profit, FY2017: 188.8M Net income, FY2017: -59.4M Revenue, FY2018: 1.1B Gross profit, FY2018: 256.4M Net income, FY2018: -374.1M Revenue, FY2019: 956.5M Gross profit, FY2019: 244.9M Net income, FY2019: -567.1M Revenue, FY2020: 512.5M Gross profit, FY2020: -11M Net income, FY2020: -96.9M Revenue, FY2021: 541.1M Gross profit, FY2021: 123.3M Net income, FY2021: -82.7M Revenue, FY2022: 699.9M Gross profit, FY2022: 188.5M Net income, FY2022: 3.7M Revenue, FY2023: 738.9M Gross profit, FY2023: 204.2M Net income, FY2023: -18.9M Revenue, FY2024: 816.4M Gross profit, FY2024: 255M Net income, FY2024: -135.3M Revenue, FY2025: 791.5M Gross profit, FY2025: 219M Net income, FY2025: -9.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $587.6M $818.6M $1.06B $956.5M $512.5M $541.1M $699.9M $738.9M $816.4M $791.5M
Gross profit $99.7M $188.8M $256.4M $244.9M -$11.0M $123.3M $188.5M $204.2M $255.0M $219.0M
Net income -$82.0M -$59.4M -$374.1M -$567.1M -$96.9M -$82.7M $3.7M -$18.9M -$135.3M -$9.7M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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