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Forum Energy Technologies FET Stimulation and Intervention — Total Revenue

Other product segments

Downhole
$50.56M+6.1%
Subsea
$35.5M+60.3%
Drilling
$32.73M+1.9%
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/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: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 stimulation and intervention — total revenue?
Forum Energy Technologies (FET) reported stimulation and intervention — total revenue of $33.05M in Q1 2026.
How has Forum Energy Technologies's stimulation and intervention — total revenue changed year-over-year?
Forum Energy Technologies's stimulation and intervention — total revenue decreased by 11.7% year-over-year, from $37.43M to $33.05M.
What is the long-term trend for Forum Energy Technologies's stimulation and intervention — total revenue?
Over 4 years (2021 to 2025), Forum Energy Technologies's stimulation and intervention — total revenue has grown at a 8.8% compound annual growth rate (CAGR), from $96.73M to $135.41M.
What does stimulation and intervention — total revenue mean?
This metric measures the total gross inflows of economic benefits generated by the Stimulation and Intervention segment from the sale of engineered capital equipment and aftermarket services to the energy industry. It reflects the segment's market demand and its ability to capture share within the drilling, well construction, and production sectors. Tracking this revenue stream helps evaluate the segment's growth trajectory and its contribution to the overall enterprise top-line performance.

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