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Forum Energy Technologies FET Artificial Lift and Downhole — Cost of Sales

Other segment segments

Drilling and Completions
$95.09M+15.0%

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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%
CapEx$256.0K-87.9%
Free cash flow$1.4M-81.0%

Valuation

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Market cap$559.9M+131%
Enterprise value$762.61M+68.1%
P/S0.7×+0.4×

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:CostOfGoodsAndServicesSold.

The official record: Forum Energy Technologies’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forum Energy Technologies's artificial lift and downhole — cost of sales?
Forum Energy Technologies (FET) reported artificial lift and downhole — cost of sales of $51.3M in Q1 2026.
How has Forum Energy Technologies's artificial lift and downhole — cost of sales changed year-over-year?
Forum Energy Technologies's artificial lift and downhole — cost of sales increased by 1.3% year-over-year, from $50.65M to $51.3M.
What is the long-term trend for Forum Energy Technologies's artificial lift and downhole — cost of sales?
Over 2 years (2023 to 2025), Forum Energy Technologies's artificial lift and downhole — cost of sales has grown at a 11.8% compound annual growth rate (CAGR), from $157.9M to $197.31M.
What does artificial lift and downhole — cost of sales mean?
This metric captures the direct costs attributable to the production of goods and the delivery of services within the Artificial Lift and Downhole segment. It includes raw materials, direct labor, and manufacturing overheads required to bring products to market. Monitoring this metric is essential for evaluating the segment's direct production efficiency and gross margin performance.