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Forum Energy Technologies FET Domestic incentives

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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$881.93M+226%
Enterprise value$1.08B+130%
P/S1.1×+0.8×

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 source filing: Forum Energy Technologies’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 5:27 PM EST
Fiscal year
FY2025
Accession
0001401257-26-000015
Line itemYear ended December 31,Year ended December 31,Year ended December 31,
Income tax benefit at the statutory rate$$(26,970)(21.0)%
State taxes, net of federal tax benefit(115)(0.1)%
Non-U.S. operations3,1432.4%
Domestic incentives(402)(0.3)%
Prior year federal, non-U.S. and state tax3,4882.7%
Nondeductible expenses2,1241.7%
Valuation allowance25,13719.6%
Other4950.4%

Item 8. Financial Statements and Supplementary Data

FAQ

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.

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