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Forum Energy Technologies FET Q4 2025 Annual earnings

Reported February 19, 2026 · After market close

Revenue$202.2MBeat by $11.7M
EPS$0.41Beat by $0.05
Revenue estimate$190.5M
EPS estimate$0.36

Next report

Jul 30, 2026 (Today)
Revenue estimate$212.4M
EPS estimate$0.57

Financials

Q4 2025

Income statement

See full
Revenue$202.2M+0.6%
Gross profit$61.1M-2.2%
Operating income$12.8M+112%

Balance sheet

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Cash & equivalents$34.7M-22.4%
Total debt$235.7M-14.6%
Total equity$291.1M-9.0%
Total assets$752.5M-7.8%

Cash flow

See full
Operating cash flow$22.4M-41.7%
CapEx$1.6M-35.2%
Free cash flow$20.9M-42.2%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$420.42M+121%
Enterprise value$621.43M+47.4%
P/S0.5×+0.3×

Profitability

See full
Gross margin27.7%-3.6pp
Operating margin3.8%+2.2pp
FCF margin8.1%-2.2pp

Returns & leverage

See full
Debt / equity0.8×-0.1×
Current ratio2.2×-0.3×

Segments

By product

See full
Drilling$33.2M-7.2%
Stimulation and Intervention$30.9M-0.7%
Coiled Tubing$30.8M+19.1%
Subsea$24.4M+25.0%
Production Equipment$15.6M-28.4%

By geography

See full
Middle East$18.6M-22.7%
Asia-Pacific$17.2M+30.3%
Latin America$8.6M+5.1%

By segment

See full
Drilling and Completions$126.9M+14.3%
Artificial Lift and Downhole$75.5M-16.1%

Versus estimates

Revenue

Q1 2026$208.7MBeat by $7.4M
Q4 2025$202.2MBeat by $11.7M
Q3 2025$196.2MBeat by $5.7MQ2 2025$199.8MBeat by $9.4MQ1 2025$193.3MMiss by $3.2MQ4 2024$201.0MMiss by $6.7M

Diluted EPS

Q1 2026$0.47Beat by $0.03
Q4 2025$0.41Beat by $0.05
Q3 2025$0.27Beat by $0.08Q2 2025-$0.10Miss by $0.25Q1 2025$0.04Miss by $0.39Q4 2024-$0.48Miss by $0.54

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Questions, answered.

When did Forum Energy Technologies report Q4 2025 earnings?
Forum Energy Technologies (FET) reported Q4 2025 earnings on February 19, 2026 after market close.
What were Forum Energy Technologies's Q4 2025 revenue and EPS?
Forum Energy Technologies reported revenue of $202.2M and eps of $0.41 for Q4 2025.
Did Forum Energy Technologies beat estimates in Q4 2025?
Revenue beat the consensus estimate of $190.5M by $11.7M. EPS beat the consensus estimate of $0.36 by $0.05.
How did Forum Energy Technologies's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.6% from $201.0M a year earlier.
Where can I find Forum Energy Technologies's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001401257-26-000010) and the 10-K periodic report (0001401257-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.