Forum Energy Technologies, Inc. (FET) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 208.7M | 202.2M | 196.23M | 199.76M | 193.28M | 201M | 207.81M | 205.21M | 202.39M | 185.2M | 179.25M | 185.45M | 188.96M | 190.7M | 181.84M | 172.25M | 155.17M | 148.1M | 140.98M | 137.42M |
| Revenue Growth % | 7.98% | 0.6% | -5.57% | -2.65% | -4.5% | 8.53% | 15.93% | 10.66% | 7.11% | -2.88% | -1.42% | 7.67% | 21.77% | 28.76% | 28.98% | 25.34% | 35.5% | 31.06% | 36.08% | 21.32% |
| Cost of Goods Sold | 147.71M | 141.12M | 155.99M | 140.41M | 134.92M | 138.55M | 142.07M | 142.14M | 138.63M | 135.5M | 128.23M | 134.14M | 136.85M | 140.7M | 130.47M | 123.67M | 116.56M | 118M | 106.12M | 105.22M |
| COGS % of Revenue | 70.78% | 69.79% | 79.5% | 70.29% | 69.8% | 68.93% | 68.37% | 69.26% | 68.5% | 73.16% | 71.54% | 72.33% | 72.43% | 73.78% | 71.75% | 71.8% | 75.11% | 79.68% | 75.27% | 76.57% |
| Gross Profit | 60.99M | 61.08M | 40.24M | 59.36M | 58.36M | 62.45M | 65.74M | 63.07M | 63.76M | 49.7M | 51.02M | 51.31M | 52.1M | 50M | 51.36M | 48.57M | 38.62M | 30.1M | 34.87M | 32.2M |
| Gross Margin % | 29.22% | 30.21% | 20.5% | 29.71% | 30.2% | 31.07% | 31.63% | 30.74% | 31.5% | 26.84% | 28.46% | 27.67% | 27.57% | 26.22% | 28.25% | 28.2% | 24.89% | 20.32% | 24.73% | 23.43% |
| Gross Profit Growth % | 4.51% | -2.19% | -38.79% | -5.89% | -8.47% | 25.65% | 28.84% | 22.93% | 22.37% | -0.6% | -0.66% | 5.63% | 34.91% | 66.11% | 47.32% | 50.83% | 47.49% | 150.93% | 165.94% | 149.6% |
| Operating Expenses | 50.01M | 59.33M | 46.34M | 44.67M | 49.56M | 169.28M | 56.82M | 55.14M | 60.56M | 45M | 45.35M | 44.9M | 45.25M | 48M | 43.71M | 43.5M | 44.3M | 42.9M | 42.33M | 42.18M |
| OpEx % of Revenue | 23.96% | 29.34% | 23.62% | 22.36% | 25.64% | 84.22% | 27.34% | 26.87% | 29.92% | 24.3% | 25.3% | 24.21% | 23.95% | 25.17% | 24.04% | 25.25% | 28.55% | 28.97% | 30.03% | 30.7% |
| Selling, General & Admin | 50.01M | 48.89M | 50.45M | 51.19M | 49.38M | 54.64M | 56.33M | 53.69M | 54.67M | 45M | 45.5M | 44.36M | 45.51M | 48M | 43.71M | 43.5M | 44.3M | 42.9M | 42.33M | 42.18M |
| SG&A % of Revenue | 23.96% | 24.18% | 25.71% | 25.62% | 25.55% | 27.19% | 27.11% | 26.16% | 27.01% | 24.3% | 25.38% | 23.92% | 24.09% | 25.17% | 24.04% | 25.25% | 28.55% | 28.97% | 30.03% | 30.7% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | -1000K | -1000K | 174K | 1000K | 494K | 1000K | 1000K | 0 | -145K | 542K | -260K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 11.01M | 1.75M | -6.11M | 14.68M | 8.8M | -106.8M | 8.92M | 7.93M | 3.2M | 4.7M | 5.67M | 6.41M | 6.85M | 2M | 7.7M | 5.08M | -5.71M | -12.8M | -7.47M | -9.98M |
| Operating Margin % | 5.27% | 0.87% | -3.11% | 7.35% | 4.56% | -53.13% | 4.29% | 3.87% | 1.58% | 2.54% | 3.16% | 3.45% | 3.63% | 1.05% | 4.24% | 2.95% | -3.68% | -8.64% | -5.3% | -7.26% |
| Operating Income Growth % | 25% | 101.64% | -168.48% | 85.06% | 175.13% | -2372.34% | 57.22% | 23.83% | -53.29% | 135% | -26.37% | 26.22% | 220.02% | 115.63% | 203.12% | 150.86% | 62.67% | 87.49% | 77.28% | 71.86% |
| EBITDA | 11.01M | 19.67M | 1.76M | 23.76M | 7.7M | -94.64M | 22.6M | 21.96M | 17.04M | 13.4M | 14.6M | 14.89M | 15.44M | 10.8M | 16.74M | 14.56M | 3.93M | -2.68M | 2.7M | 594K |
| EBITDA Margin % | 5.27% | 9.73% | 0.9% | 11.89% | 3.99% | -47.08% | 10.88% | 10.7% | 8.42% | 7.24% | 8.14% | 8.03% | 8.17% | 5.66% | 9.21% | 8.45% | 2.53% | -1.81% | 1.92% | 0.43% |
| EBITDA Growth % | 42.85% | 120.78% | -92.23% | 8.17% | -54.78% | -806.26% | 54.87% | 47.51% | 10.37% | 24.07% | -12.82% | 2.27% | 292.5% | 503.14% | 519.58% | 2351.35% | 198.84% | 97.04% | 113.2% | 102.58% |
| D&A (Non-Cash Add-back) | 0 | 17.92M | 7.86M | 9.08M | -1.1M | 12.16M | 13.69M | 14.03M | 13.84M | 8.7M | 8.92M | 8.48M | 8.59M | 8.8M | 9.04M | 9.48M | 9.64M | 10.12M | 10.17M | 10.57M |
| EBIT | 0 | 12.52M | -6.12M | 18.63M | 9.9M | -100.82M | -2.55M | 4.46M | 1.97M | -7.3M | 13.95M | -29K | 3.88M | -3.2M | 7.65M | 18.82M | 278K | -14.8M | -3.61M | -12.84M |
| Net Interest Income | 0 | -4.26M | -4.37M | -4.71M | -4.98M | -6.42M | -7.65M | -8.66M | -8.76M | -4.55M | -4.5M | -4.69M | -4.55M | -7.92M | -8.14M | -7.84M | -7.62M | -7.94M | -7.13M | -7.78M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 4.14M | 4.26M | 4.37M | 4.71M | 4.98M | 6.42M | 7.65M | 8.66M | 8.76M | 4.55M | 4.5M | 4.69M | 4.55M | 7.92M | 8.14M | 7.84M | 7.62M | 7.93M | 7.13M | 7.8M |
| Other Income/Expense | -3.62M | 6.51M | -4.37M | -764K | -3.92M | -400K | -19.12M | -12.13M | -9.99M | -16.6M | 3.77M | -11.13M | -7.52M | -13.1M | 10.14M | 5.9M | -1.64M | -9.9M | -3.27M | -10.64M |
| Pretax Income | 7.39M | 8.26M | -10.48M | 13.92M | 4.89M | -107.2M | -10.2M | -4.19M | -6.79M | -11.9M | 9.45M | -4.72M | -670K | -11.1M | 17.85M | 10.98M | -7.35M | -22.7M | -10.74M | -20.62M |
| Pretax Margin % | 3.54% | 4.08% | -5.34% | 6.97% | 2.53% | -53.33% | -4.91% | -2.04% | -3.35% | -6.43% | 5.27% | -2.54% | -0.35% | -5.82% | 9.81% | 6.37% | -4.73% | -15.33% | -7.62% | -15% |
| Income Tax | 2.9M | 6.19M | 10.07M | 6.22M | 3.77M | -3.7M | 4.61M | 2.5M | 3.53M | 4.9M | 1.48M | 1.86M | 2.82M | 1.7M | 1.37M | 1.72M | 1.85M | -3.1M | 849K | 1.19M |
| Effective Tax Rate % | 39.19% | 74.91% | -96.13% | 44.68% | 77.05% | 3.45% | -45.19% | -59.66% | -51.98% | -41.18% | 15.64% | -39.44% | -420.3% | -15.32% | 7.68% | 15.63% | -25.22% | 13.66% | -7.91% | -5.77% |
| Net Income | 4.49M | 2.07M | -20.55M | 7.7M | 1.12M | -103.5M | -14.81M | -6.7M | -10.31M | -16.8M | 7.97M | -6.58M | -3.49M | -12.8M | 16.48M | 9.26M | -9.2M | -19.6M | -11.59M | -21.81M |
| Net Margin % | 2.15% | 1.02% | -10.47% | 3.85% | 0.58% | -51.49% | -7.13% | -3.26% | -5.1% | -9.07% | 4.45% | -3.55% | -1.84% | -6.71% | 9.06% | 5.38% | -5.93% | -13.23% | -8.22% | -15.87% |
| Net Income Growth % | 300.36% | 102% | -38.74% | 214.99% | 110.88% | -516.07% | -285.91% | -1.78% | -195.9% | -31.25% | -51.64% | -171.02% | 62.1% | 34.69% | 242.2% | 142.48% | 68.99% | 40.06% | 46.23% | -296.91% |
| Net Income (Continuing) | 4.49M | 2.07M | -20.55M | 7.7M | 1.12M | -103.5M | -14.81M | -6.7M | -10.31M | -16.8M | 7.97M | -6.58M | -3.49M | -12.8M | 16.48M | 9.26M | -9.2M | -19.6M | -11.59M | -21.81M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.39 | 0.17 | -1.67 | 0.61 | 0.09 | -8.41 | -1.20 | -0.54 | -0.85 | -1.65 | 0.77 | -0.65 | -0.34 | -1.23 | 1.56 | 0.88 | -1.62 | -3.47 | -2.05 | -3.87 |
| EPS Growth % | 336.73% | 102.02% | -39.17% | 212.96% | 110.51% | -409.7% | -255.84% | 16.92% | -150% | -34.15% | -50.64% | -173.86% | 79.01% | 64.55% | 176.1% | 122.74% | 69.32% | 40.58% | 47.03% | -294.9% |
| EPS (Basic) | 0.40 | 0.18 | -1.68 | 0.62 | 0.09 | -8.41 | -1.20 | -0.54 | -0.85 | -1.65 | 0.78 | -0.65 | -0.34 | -1.23 | 1.56 | 0.88 | -1.62 | -3.47 | -2.05 | -3.87 |
| Diluted Shares Outstanding | 11.64M | 12.09M | 12.11M | 12.55M | 12.57M | 12.3M | 12.33M | 12.33M | 12.2M | 10.2M | 10.39M | 10.21M | 10.18M | 10.37M | 10.55M | 10.48M | 5.68M | 5.66M | 5.66M | 5.64M |
| Basic Shares Outstanding | 11.21M | 11.21M | 12.11M | 12.35M | 12.3M | 12.3M | 12.33M | 12.33M | 12.2M | 10.2M | 10.23M | 10.21M | 10.18M | 10.37M | 10.55M | 10.48M | 5.68M | 5.66M | 5.65M | 5.63M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |