Zacks Investment Research·1 day ago
Is Forum Energy Technologies (FET) Stock Outpacing Its Oils-Energy Peers This Year?Here is how Forum Energy Technologies (FET) and Par Petroleum (PARR) have performed compared to their sector so far this year.
Forum Energy Technologies, Inc.(FET)Earnings, Financials & Key Ratios
FET•NYSE
$47.48
Price updated Jul 7, 2026
AboutForum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and complementary subsea technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping, hydraulic fracturing and flowback services markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.Show more
- Revenue$791M-3.1%
- EBITDA$53M+260.0%
- Net Income-$10M+92.9%
- EPS (Diluted)-0.81+92.6%
- Gross Margin27.67%-11.4%
- EBITDA Margin6.68%+265.1%
- Operating Margin2.42%+122.7%
- Net Margin-1.22%+92.6%
- ROE-3.16%+91.4%
FET Price & Volume
Forum Energy Technologies, Inc. (FET) stock price & volume — 10-year historical chart
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Cyclical Volatility Masks Structural Margin Recovery Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:Cyclical completions demand volatility
Key Thesis Takeaways
- Forum Energy Technologies faces persistent operational headwinds as its revenue growth remains highly sensitive to North American completions activity, evidenced by a 5.6% contraction in 2025Q3.
- While management has successfully reduced the debt-to-equity ratio from 0.85 in 2024Q4 to 0.31 in 2026Q1, the company continues to struggle with a deeply negative retained earnings balance of -$840.0 million.
- Investors should monitor the company's ability to maintain positive net margins, which reached only 2.2% in 2026Q1, against the backdrop of ongoing asset base contraction and historical impairment risks.
Verdict Logic
while the company has improved its debt-to-equity ratio to 0.31, the lack of consistent profitability and a negative TTM P/E of -62.49 suggest that fundamental risks regarding long-term value creation remain elevated.
FET Growth Metrics
Forum Energy Technologies, Inc. (FET) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-3%
5 Years9.08%
3 Years4.18%
TTM-0.05%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM94.92%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM95.03%
Return on Capital
10 Years-11.74%
5 Years-2.25%
3 Years-2.49%
Last Year3.3%
FET Recent Earnings
Forum Energy Technologies, Inc. (FET) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (44%)●Beat Revenue 5/12 qtrs (56%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.47+6.8%
$0.44
Rev
$209M+3.7%
$201M
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$0.41+13.9%
$0.36
Rev
$202M+6.1%
$191M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.27+42.1%
$0.19
Rev
$196M+3.0%
$191M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.10-166.7%
$0.15
Rev
$200M+4.9%
$190M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.47vs $0.44+6.8% | $209Mvs $201M+3.7% |
| Q1 2026 | Feb 19, 2026 | $0.41vs $0.36+13.9% | $202Mvs $191M+6.1% |
| Q4 2025 | Oct 30, 2025 | $0.27vs $0.19+42.1% | $196Mvs $191M+3.0% |
| Q3 2025 | Aug 7, 2025 | $0.10vs $0.15-166.7% | $200Mvs $190M+4.9% |
Based on last 12 quarters of dataView full earnings history →
Latest FET News
Recent stock market news and headlines for Forum Energy Technologies, Inc. (FET)
Business Wire·Jun 15, 2026
Forum Energy Technologies to Present at the Planet MicroCap Las Vegas 2026 ConferenceHOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, is scheduled to present at the Planet MicroCap Las Vegas 2026 Conference on Wednesday, June 17, 2026 at 2:00 p.m. Central Time (12:00 pm Pacific Time) at the Bellagio Resort & Hotel. The presentation can be accessed live at the following link: https://event.summitcast.com/view/bpjo3VVjZ25pp6SXpUua92/HaTmpwcfBZitKcgeXEfUXw A link to the live webcast and.
Peers Comparison
Key metrics vs top competitors for Forum Energy Technologies, Inc. (FET)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $47.48 | $537.88M | -58.62 | -3.06% | -1.22% | -3.16% | — | |
| $12.66 | $1.49B | -16.88 | 18.84% | -4.55% | -9.21% | — | |
| $18.65 | $2.1B | 93.25 | -3.08% | 1.54% | 2.21% | — | |
| $18.28 | $6.59B | 46.87 | -1.42% | 1.05% | 1.42% | — | |
| $5.58 | $1.24B | 37.20 | 14.95% | 1.2% | 1.91% | — | |
| $45.01 | $118.13M | 5.20 | 13.64% | 10.76% | 14.37% | — |
Compare FET vs Peers
Forum Energy Technologies, Inc. (FET) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FET SEC Filings & Documents
Forum Energy Technologies, Inc. (FET) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Feb 20, 2026·SEC
Material company update
Feb 5, 2026·SEC
Material company update
Jan 12, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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FET Frequently Asked Questions
Forum Energy Technologies, Inc. (FET) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Forum Energy Technologies, Inc.'s revenue?
Forum Energy Technologies, Inc. (FET) reported $806.9M in revenue for fiscal year 2025. This represents a 19% increase from $677.4M in 2009.
How fast is Forum Energy Technologies, Inc. growing?
Forum Energy Technologies, Inc. (FET) saw revenue decline by 3.1% over the past year.
Is FET profitable?
Forum Energy Technologies, Inc. (FET) reported a net loss of $6.3M for fiscal year 2025.
Dividend & Returns
What is FET's return on equity?
Forum Energy Technologies, Inc. (FET) has a return on equity (ROE) of -3.2%. Negative ROE indicates the company is unprofitable.
What is Forum Energy Technologies, Inc.'s free cash flow?
Forum Energy Technologies, Inc. (FET) generated $61.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.