What is Forum Energy Technologies's domestic incentives?

Forum Energy Technologies (FET) reported domestic incentives of -$100.5K in Q4 2024.

What does domestic incentives mean?

Reflects the total value of domestic tax incentives and credits utilized by the company to lower its tax liability within its home country. It serves as an indicator of the company's ability to leverage local government programs for financial benefit.

Forum Energy Technologies FET Domestic incentives

Domestic incentives at other companies

International Business MachinesIBM

7%+2.0pp

NiSourceNI

-$775K-3.3%

ACM ResearchACMR

-18.3%—

GE VernovaGEV

-$20M—

LyondellBasell Industries N.V.LYB

-$11.5M—

CaterpillarCAT

$61.25M+44.1%

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

Reported directly by Forum Energy Technologies in its filing.

Tagged under the XBRL concept fet:EffectiveIncomeTaxRateReconciliationTaxCreditsDomesticAmount.

The official record: Forum Energy Technologies’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forum Energy Technologies's domestic incentives?: Forum Energy Technologies (FET) reported domestic incentives of -$100.5K in Q4 2024.
What does domestic incentives mean?: Reflects the total value of domestic tax incentives and credits utilized by the company to lower its tax liability within its home country. It serves as an indicator of the company's ability to leverage local government programs for financial benefit.