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Segments

By segment

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Artificial Lift and Downhole$11.71M-9.0%
Drilling and Completions$9.74M+197%

Other financials

Income statement

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Revenue$208.7M+8.0%
Gross profit$61.0M+4.5%
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:OperatingIncomeLoss.

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
(in thousands, except per share information)Three Months Ended March 31, 20262025
Transaction expenses14851
Loss (gain) on disposal of assets and other(170)123
Total operating expenses49,98649,557
Operating income11,0058,804
Other expense (income)
Interest expense4,1414,983
Foreign exchange gains and other, net(523)(1,068)
Total other expense3,6183,915

Item 1. Financial Statements (Unaudited)

FAQ

What is Forum Energy Technologies's operating income?
Forum Energy Technologies (FET) reported operating income of $11.01M in Q1 2026.
How has Forum Energy Technologies's operating income changed year-over-year?
Forum Energy Technologies's operating income increased by 25.0% year-over-year, from $8.8M to $11.01M.
What is the long-term trend for Forum Energy Technologies's operating income?
Over 4 years (2021 to 2025), Forum Energy Technologies's operating income has grown at a -9.3% compound annual growth rate (CAGR), from -$44.49M to $30.15M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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