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Segments

By segment

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Drilling and Completions$4.12M-31.1%
Artificial Lift and Downhole$1.77M+25.5%

Other financials

Income statement

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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

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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

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Operating cash flow$1.6M-82.6%
Free cash flow$1.4M-81.0%

Valuation

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Market cap$834.81M+208%
Enterprise value$1.04B+120%
P/S+0.7×

Profitability

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Gross margin27.5%-3.5pp
Operating margin4%+2.3pp
Net margin-14.6%-50.9pp
FCF margin7.3%-3.8pp

Returns & leverage

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Return on equity-31.1%-72.4pp
Debt / equity0.9×+0.1×
Current ratio2.2×-0.2×

Where this comes from

Reported directly by Forum Energy Technologies in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Forum Energy Technologies’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 3:28 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001401257-26-000034
(in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Billings in excess of costs and profits recognized(5,355)1,157
Net cash provided by operating activities1,6279,326
Cash flows from investing activities
Capital expenditures for property and equipment(256)(2,110)
Proceeds from sale of property and equipment314
Net cash used in investing activities(253)(2,096)
Cash flows from financing activities
Borrowings on Credit Facility137,934132,038

Item 1. Financial Statements (Unaudited)

FAQ

What is Forum Energy Technologies's capex?
Forum Energy Technologies (FET) reported capex of $256K in Q1 2026.
How has Forum Energy Technologies's capex changed year-over-year?
Forum Energy Technologies's capex decreased by 87.9% year-over-year, from $2.11M to $256K.
What is the long-term trend for Forum Energy Technologies's capex?
Over 4 years (2021 to 2025), Forum Energy Technologies's capex has grown at a 25.8% compound annual growth rate (CAGR), from $2.4M to $6.02M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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