What is Forum Energy Technologies's interest coverage?

Forum Energy Technologies (FET) reported interest coverage of 2× in Q1 2026.

What is the long-term trend for Forum Energy Technologies's interest coverage?

Over 4 years (2020 to 2025), Forum Energy Technologies's interest coverage has grown at a -34.6% compound annual growth rate (CAGR), from -9.7× to 1.8×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Forum Energy Technologies FET Interest coverage

Interest coverage at other companies

Schlumberger SLB

9×-1.9×

NOVA, Inc.NOV

4.4×-5.3×

Nabors IndustriesNBR

2×+0.3×

TechnipFMCFTI

20.1×+7.9×

Oil States InternationalOIS

-12.2×—

RPCRES

10.4×-114×

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

Calculated from Forum Energy Technologies’s reported figures.

ebit/interest expense=2×

Based on trailing twelve months.

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 interest coverage?: Forum Energy Technologies (FET) reported interest coverage of 2× in Q1 2026.
What is the long-term trend for Forum Energy Technologies's interest coverage?: Over 4 years (2020 to 2025), Forum Energy Technologies's interest coverage has grown at a -34.6% compound annual growth rate (CAGR), from -9.7× to 1.8×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.