What is Forum Energy Technologies's market cap?

Forum Energy Technologies (FET) has a market capitalization of $592.9M and trades on NYSE.

What is Forum Energy Technologies's revenue and profitability?

Forum Energy Technologies generated $806.9M in trailing twelve-month revenue with a net loss of $7.2M, representing a net margin of -14.6%. Gross margin stands at 27.5%, with free cash flow of $58.5M. These figures are based on the Q1 2026 filing.

Who are Forum Energy Technologies's competitors?

Forum Energy Technologies's key competitors include Weatherford International PLC, NOV Inc., SLB, and others. These companies compete in similar markets and product categories.

What subsidiaries does Forum Energy Technologies have?

Forum Energy Technologies's subsidiaries include Global Tubing, Davis-Lynch, Variperm.

Where is Forum Energy Technologies headquartered?

Forum Energy Technologies is headquartered in United States of America and employs approximately 1,600 people. It has been publicly traded since 2012.

Forum Energy Technologies

FET

Forum Energy Technologies (FET) is a global manufacturer of highly engineered capital equipment and consumable products for the oil, natural gas, defense, and renewable energy sectors.

Market cap

$592.91M+138%

Revenue$806.9M-0.1%

Net income-$7.2M+94.7%

Free cash flow$58.5M-34.3%

EPS (diluted)-$0.67+93.9%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 30, 2026

Revenue$208.7MBeat by $7.4M EPS$0.47Beat by $0.03

Read the full report

Next report

Jul 30, 2026 (Today)

Revenue estimate$212.4M

EPS estimate$0.57

Financials

Q1 2026

Income statement

See full

Revenue$208.7M+8.0%

Gross profit$61.0M+4.5%

Operating income$11.0M+25.0%

Net income$4.5M+300%

EPS (diluted)$0.39+333%

Balance sheet

See full

Cash & equivalents$37.5M+20.4%

Total debt$240.2M-0.8%

Total equity$280.7M-12.3%

Total assets$763.1M-3.4%

Cash flow

See full

Operating cash flow$1.6M-82.6%

CapEx$256.0K-87.9%

Free cash flow$1.4M-81.0%

Valuation & ratios

Valuation

See full

Market cap$639.82M+138%

Enterprise value$842.53M+74.3%

P/S0.8×+0.4×

Profitability

See full

Gross margin27.5%-3.5pp

Operating margin4%+2.3pp

FCF margin7.3%-3.8pp

Returns & leverage

See full

Debt / equity0.9×+0.1×

Current ratio2.2×-0.2×

Segments

By product

See full

Downhole$50.6M+6.1%

Subsea$35.5M+60.3%

Stimulation and Intervention$33.0M-11.7%

Drilling$32.7M+1.9%

Coiled Tubing$25.5M+6.6%

By geography

See full

Europe & Africa$29.0M+46.6%

Middle East$19.0M-3.1%

Asia-Pacific$13.0M+24.1%

Latin America$11.6M+44.2%

Competitors

By market cap

Schlumberger $76.5B+42.4%

Baker Hughes$60.1B+31.0%

TechnipFMC$29.9B+97.7%

NOVA, Inc.$7.3B+38.1%

Weatherford International$6.2B+45.4%

RPC$1.2B+11.0%

Forum Energy Technologies$639.8M+151%

KLX Energy Services Holdings, Inc.$43.7M+27.2%

By revenue growth

Forum Energy Technologies-0.1%

NOVA, Inc.-1.7%

Weatherford International-7.2%

KLX Energy Services Holdings, Inc.-8.9%

By net margin

Baker Hughes11.17%+0.1pp

TechnipFMC10.62%+1.7pp

Schlumberger 8.53%-3.0pp

Weatherford International7.66%-1.7pp

NOVA, Inc.4.36%-3.5pp

RPC1.37%-4.2pp

KLX Energy Services Holdings, Inc.-11.67%-3.1pp

Forum Energy Technologies-14.58%+15.9pp

Profile

Forum Energy Technologies (FET) is a global manufacturer of highly engineered capital equipment and consumable products for the oil, natural gas, defense, and renewable energy sectors. The company focuses on optimizing customer operations by improving safety, increasing efficiency, and reducing environmental impact across the energy value chain. A significant majority of its revenue is derived from consumable products and activity-based equipment used in drilling, well construction, and completion.

Competitive position

FET is a leading provider of work-class ROVs and specialized downhole protection systems, maintaining a strong mix of high-margin consumable products.

GeographiesUnited States, Canada, Global

Customer segmentsOilfield service companies, Exploration and Production (E&P) operators, Governmental naval organizations, Industrial power plants

Business modelManufacturing, Aftermarket Services, Equipment Rental

SuppliersRaw material suppliers (steel, alloys), International manufacturing partners, Component manufacturers

CustomersDrilling contractors, Offshore construction firms, Refineries, Renewable energy developers, National navies

CountryUnited States of America

Listed2012

Employees1.6K

CEONeal A. Lux

SectorEnergy

IndustryOil & Gas Equipment & Services

Websitef-e-t.com

FilingsSEC EDGAR

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Questions, answered.

What is Forum Energy Technologies's market cap?: Forum Energy Technologies (FET) has a market capitalization of $592.9M and trades on NYSE.
What is Forum Energy Technologies's revenue and profitability?: Forum Energy Technologies generated $806.9M in trailing twelve-month revenue with a net loss of $7.2M, representing a net margin of -14.6%. Gross margin stands at 27.5%, with free cash flow of $58.5M. These figures are based on the Q1 2026 filing.
Who are Forum Energy Technologies's competitors?: Forum Energy Technologies's key competitors include Weatherford International PLC, NOV Inc., SLB, and others. These companies compete in similar markets and product categories.
What subsidiaries does Forum Energy Technologies have?: Forum Energy Technologies's subsidiaries include Global Tubing, Davis-Lynch, Variperm.
Where is Forum Energy Technologies headquartered?: Forum Energy Technologies is headquartered in United States of America and employs approximately 1,600 people. It has been publicly traded since 2012.