Forum Energy Technologies FET Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total Revenue by Business | |||||
| Artificial Lift and Downhole | $314.79M-8.9% | $345.68M+46.3% | $236.31M— | —— | |
| Drilling and Completions | $477.19M+1.4% | $470.78M-6.3% | $502.62M— | —— | |
| Operating Income (Loss) by Business | |||||
| Artificial Lift and Downhole | $41.17M-15.8% | $48.89M+54.8% | $31.58M— | —— | |
| Drilling and Completions | $12.84M-27.7% | $17.74M-8.4% | $19.36M— | —— | |
| Selling, general and administrative expenses by Business | |||||
| Artificial Lift and Downhole | $76.3M-9.4% | $84.25M+79.9% | $46.83M— | —— | |
| Drilling and Completions | $88.72M-14.8% | $104.12M-2.1% | $106.31M— | —— | |
| Cost of Sales by Business | |||||
| Artificial Lift and Downhole | $197.31M-7.2% | $212.54M+34.6% | $157.9M— | —— | |
| Drilling and Completions | $375.63M+7.7% | $348.88M-7.4% | $376.88M— | —— | |
| Total Assets by Business | |||||
| Artificial Lift And Downhole | $1.43B-8.1% | $1.56B— | —— | —— | |
| Drilling And Completions | $1.62B-24.9% | $2.16B— | —— | —— | |
| D&A by Business | |||||
| Artificial Lift and Downhole | $22.03M-13.1% | $25.35M+377% | $5.32M— | —— | |
| Drilling and Completions | $11.67M-58.6% | $28.18M-3.4% | $29.16M— | —— | |
| CapEx by Business | |||||
| Artificial Lift and Downhole | $1.77M+25.5% | $1.41M+87.6% | $753K— | —— | |
| Drilling and Completions | $4.12M-31.1% | $5.97M-7.3% | $6.44M— | —— | |
| Total Revenue by Product | |||||
| Coiled Tubing | $111.25M+6.5% | $104.5M-2.6% | $107.3M-1.2% | $108.62M+23.0% | |
| Production Equipment | $73.94M-3.0% | $76.25M-7.0% | $81.99M+17.3% | $69.91M+14.6% | |
| Stimulation and Intervention | $135.41M-6.5% | $144.88M-8.5% | $158.3M+1.3% | $156.33M+61.6% | |
| Valve Solutions | $46.02M-25.8% | $62M-2.9% | $63.88M+3.7% | $61.61M+10.5% | |
| Percentage of net sales by Product | |||||
| Coiled Tubing | 14.1%+1.3pp | 12.8%-1.7pp | 14.5%-1.0pp | 15.5%-0.8pp | |
| Downhole Technologies | 24.6%-0.8pp | 25.4%+13.2pp | 12.2%+0.1pp | 12.1%-0.7pp | |
| Drilling | 16.9%-0.7pp | 17.6%-5.3pp | 22.9%+2.3pp | 20.6%+2.8pp | |
| Production Equipment | 9.3%0.0pp | 9.3%-1.8pp | 11.1%+1.1pp | 10%-1.3pp | |
| Stimulation and Intervention | 17.1%-0.6pp | 17.7%-3.7pp | 21.4%-0.9pp | 22.3%+4.4pp | |
| Subsea | 12.3%+2.7pp | 9.6%+0.3pp | 9.3%-1.6pp | 10.9%-2.8pp | |
| Valve Solutions | 5.8%-1.8pp | 7.6%-1.0pp | 8.6%-0.2pp | 8.8%-1.5pp | |
| Total Revenue by Geography | |||||
| Asia-Pacific | $47.75M+8.6% | $43.97M+13.8% | $38.62M+4.9% | $36.83M+0.5% | |
| Europe & Africa | $84.77M+10.5% | $76.71M+19.4% | $64.25M+11.7% | $57.53M-2.8% | |
| Latin America | $35.35M-4.3% | $36.94M-2.6% | $37.95M+9.6% | $34.61M+12.9% | |
| Middle East | $86.46M-5.5% | $91.5M+2.4% | $89.35M+72.2% | $51.89M+7.3% | |
| Percentage of net sales by Geography | |||||
| Asia-Pacific | 6%+0.6pp | 5.4%+0.2pp | 5.2%-0.1pp | 5.3%-1.5pp | |
| Europe & Africa | 10.7%+1.3pp | 9.4%+0.7pp | 8.7%+0.5pp | 8.2%-2.7pp | |
| Latin America | 4.5%0.0pp | 4.5%-0.6pp | 5.1%+0.2pp | 4.9%-0.8pp | |
| Middle East | 10.9%-0.3pp | 11.2%-0.9pp | 12.1%+4.7pp | 7.4%-1.5pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Forum Energy Technologies break its business down?
- Forum Energy Technologies (FET) reports total revenue by business across 2 parts — Artificial Lift and Downhole and Drilling and Completions. Each is extracted from the segment footnotes and tracked over time.
- Where does Forum Energy Technologies's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Forum Energy Technologies's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
