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Forum Energy Technologies FET Downhole — Total Revenue

Other product segments

Subsea
$35.5M+60.3%
Stimulation and Intervention
$33.05M-11.7%
Drilling
$32.73M+1.9%
Coiled Tubing
$25.47M+6.6%
Production Equipment
$18.75M-1.6%
Valve Solutions
$12.79M+15.5%

Similar metrics at other companies

Flowco Holdings Inc. logo
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Imperial Oil logo
IMODownstream — Revenue
$12.05B-0.9%
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OISDownhole Technologies — Total Costs & Expenses
$32.89M-5.9%
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IMODownstream — Revenue
$13.91B-0.8%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 downhole — total revenue?
Forum Energy Technologies (FET) reported downhole — total revenue of $50.56M in Q1 2026.
How has Forum Energy Technologies's downhole — total revenue changed year-over-year?
Forum Energy Technologies's downhole — total revenue increased by 6.1% year-over-year, from $47.67M to $50.56M.
What does downhole — total revenue mean?
This metric represents the total gross revenue generated from the sale of products and services specifically associated with the downhole segment. It encompasses revenue from engineered capital equipment and consumable components utilized during the drilling, well construction, and production phases of oil and gas operations. This figure serves as a key indicator of the company's market penetration and demand for its specialized subsurface technology offerings.