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Forum Energy Technologies FET Drilling and Completions — Cost of Sales

Other segment segments

Artificial Lift and Downhole
$46.21M-17.3%

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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$834.81M+208%
Enterprise value$1.04B+120%
P/S1×+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:CostOfGoodsAndServicesSold.

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
Line itemThree Months Ended March 31, 2026 / Drilling and CompletionsArtificial Lift and DownholeTotal
Intersegment revenue137—137
Segment revenue126,73982,098208,837
Elimination of intersegment revenue(137)
Total consolidated revenue208,700
Less:
Cost of sales96,55051,296147,846
Selling, general and administrative expenses21,28019,21840,498
Segment operating income$8,909$11,584$20,493

Item 1. Financial Statements (Unaudited)

FAQ

What is Forum Energy Technologies's drilling and completions — cost of sales?
Forum Energy Technologies (FET) reported drilling and completions — cost of sales of $96.55M in Q1 2026.
How has Forum Energy Technologies's drilling and completions — cost of sales changed year-over-year?
Forum Energy Technologies's drilling and completions — cost of sales increased by 14.5% year-over-year, from $84.35M to $96.55M.
What is the long-term trend for Forum Energy Technologies's drilling and completions — cost of sales?
Over 2 years (2023 to 2025), Forum Energy Technologies's drilling and completions — cost of sales has grown at a -0.2% compound annual growth rate (CAGR), from $376.88M to $375.63M.
What does drilling and completions — cost of sales mean?
This metric captures the direct costs attributable to the production of goods and the delivery of services within the Drilling and Completions segment. It includes raw materials, direct labor, and manufacturing overheads, serving as a key indicator of production efficiency and supply chain cost management.

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