What is Forum Energy Technologies's net debt?

Forum Energy Technologies (FET) reported net debt of $202.71M in Q1 2026.

How has Forum Energy Technologies's net debt changed year-over-year?

Forum Energy Technologies's net debt decreased by 3.9% year-over-year, from $210.96M to $202.71M.

What is the long-term trend for Forum Energy Technologies's net debt?

Over 5 years (2020 to 2025), Forum Energy Technologies's net debt has grown at a -2.2% compound annual growth rate (CAGR), from $224.86M to $201.02M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Forum Energy Technologies FET Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

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-0.9×—

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

See full

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.

$240.2Mtotal debt−$37.5Mcash and equivalents=$202.71M

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 net debt?: Forum Energy Technologies (FET) reported net debt of $202.71M in Q1 2026.
How has Forum Energy Technologies's net debt changed year-over-year?: Forum Energy Technologies's net debt decreased by 3.9% year-over-year, from $210.96M to $202.71M.
What is the long-term trend for Forum Energy Technologies's net debt?: Over 5 years (2020 to 2025), Forum Energy Technologies's net debt has grown at a -2.2% compound annual growth rate (CAGR), from $224.86M to $201.02M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.