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Forum Energy Technologies FET Drilling and Completions — Selling, general and administrative expenses

Other segment segments

Artificial Lift and Downhole
$17.55M-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+226%
Enterprise value$1.04B+130%
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:SellingGeneralAndAdministrativeExpense.

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 revenue137137
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 — selling, general and administrative expenses?
Forum Energy Technologies (FET) reported drilling and completions — selling, general and administrative expenses of $21.28M in Q1 2026.
How has Forum Energy Technologies's drilling and completions — selling, general and administrative expenses changed year-over-year?
Forum Energy Technologies's drilling and completions — selling, general and administrative expenses decreased by 2.5% year-over-year, from $21.84M to $21.28M.
What is the long-term trend for Forum Energy Technologies's drilling and completions — selling, general and administrative expenses?
Over 2 years (2023 to 2025), Forum Energy Technologies's drilling and completions — selling, general and administrative expenses has grown at a -8.6% compound annual growth rate (CAGR), from $106.31M to $88.72M.
What does drilling and completions — selling, general and administrative expenses mean?
This metric measures the indirect operating costs associated with the Drilling and Completions segment, including administrative salaries, marketing, and general overhead. It provides insight into the segment's operational leverage and the efficiency of its support functions relative to its revenue generation.

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