What is Forum Energy Technologies's drilling — total revenue?

Forum Energy Technologies (FET) reported drilling — total revenue of $32.73M in Q1 2026.

How has Forum Energy Technologies's drilling — total revenue changed year-over-year?

Forum Energy Technologies's drilling — total revenue increased by 1.9% year-over-year, from $32.11M to $32.73M.

What does drilling — total revenue mean?

This metric represents the total gross income generated specifically from the drilling technologies and equipment business segment. It reflects the company's ability to capture market demand for products used in well construction and drilling operations. Tracking this figure helps investors assess the scale and revenue contribution of the drilling-related product portfolio.

Forum Energy Technologies FET Drilling — Total Revenue

Other product segments

Downhole

$50.56M+6.1%

Subsea

$35.5M+60.3%

Stimulation and Intervention

$33.05M-11.7%

Coiled Tubing

$25.47M+6.6%

Production Equipment

$18.75M-1.6%

Valve Solutions

$12.79M+15.5%

Similar metrics at other companies

PTENDrilling Products — Revenue

$79.8M-6.8%

PTENDrilling Services — Revenue

$351.72M-14.8%

WFRDDRE — Total Revenue

$321M-8.3%

NBRDrilling Solutions — Revenue

$106.22M+14.0%

HALDrilling And Evaluation — Revenue from Contract with Customer, Including Assessed Tax

$2.39B+3.9%

HALDrilling And Evaluation — Total operating income

$351M-0.3%

Other financials

Income statement

See full

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

See full

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 — total revenue?: Forum Energy Technologies (FET) reported drilling — total revenue of $32.73M in Q1 2026.
How has Forum Energy Technologies's drilling — total revenue changed year-over-year?: Forum Energy Technologies's drilling — total revenue increased by 1.9% year-over-year, from $32.11M to $32.73M.
What does drilling — total revenue mean?: This metric represents the total gross income generated specifically from the drilling technologies and equipment business segment. It reflects the company's ability to capture market demand for products used in well construction and drilling operations. Tracking this figure helps investors assess the scale and revenue contribution of the drilling-related product portfolio.