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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%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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, 20262025
Drilling$32,730$32,113
Subsea35,49522,140
Stimulation and Intervention33,04737,428
Coiled Tubing25,46723,888
Downhole50,55947,668
Production Equipment18,75019,059
Valve Solutions12,78911,069
Eliminations(137)(86)

Item 1. Financial Statements (Unaudited)

FAQ

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.

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