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Forum Energy Technologies FET Drilling and Completions — Total Revenue

Other segment segments

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$75.46M-16.1%

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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: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 drilling and completions — total revenue?
Forum Energy Technologies (FET) reported drilling and completions — total revenue of $126.74M in Q1 2026.
How has Forum Energy Technologies's drilling and completions — total revenue changed year-over-year?
Forum Energy Technologies's drilling and completions — total revenue increased by 9.7% year-over-year, from $115.57M to $126.74M.
What is the long-term trend for Forum Energy Technologies's drilling and completions — total revenue?
Over 2 years (2023 to 2025), Forum Energy Technologies's drilling and completions — total revenue has grown at a -2.6% compound annual growth rate (CAGR), from $502.62M to $477.19M.
What does drilling and completions — total revenue mean?
This metric represents the total gross income generated by the Drilling and Completions segment from the sale of engineered capital equipment and related aftermarket services. It reflects the segment's market demand and its ability to capture value within the oil, natural gas, and renewable energy supply chains.