FET
Forum Energy Technologies Inc
NYSE: FET · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$62.87
-2.59% today
Updated 2026-04-30
Market cap
$701.58M
P/E ratio
—
P/S ratio
0.89x
EPS (TTM)
$-0.81
Dividend yield
—
52W range
$14 – $65
Volume
0.2M
Forum Energy Technologies Inc (FET) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $677.38M | $747.34M | $1.13B | $1.41B | $1.52B | $1.74B | $1.07B | $587.60M | $818.60M | $1.06B | $956.53M | $512.50M | $541.10M | $699.91M | $738.86M | $816.42M | $791.47M |
| Revenue growth (YoY) | — | +10.3% | +51.0% | +25.4% | +7.8% | +14.1% | -38.3% | -45.3% | +39.3% | +30.0% | -10.1% | -46.4% | +5.6% | +29.4% | +5.6% | +10.5% | -3.1% |
| Cost of revenue | $491.46M | $533.08M | $765.67M | $951.88M | $1.05B | $1.18B | $810.98M | $487.90M | $629.80M | $807.85M | $711.68M | $523.50M | $417.80M | $511.39M | $534.71M | $561.39M | $572.44M |
| Gross profit | $185.91M | $214.26M | $362.46M | $463.02M | $475.21M | $559.43M | $262.73M | $99.70M | $188.80M | $256.37M | $244.85M | $-11.00M | $123.30M | $188.53M | $204.15M | $255.03M | $219.04M |
| Gross margin | 27.4% | 28.7% | 32.1% | 32.7% | 31.2% | 32.2% | 24.5% | 17.0% | 23.1% | 24.1% | 25.6% | -2.1% | 22.8% | 26.9% | 27.6% | 31.2% | 27.7% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | $141.44M | $186.77M | $225.27M | $269.67M | $312.82M | $264.91M | $227.01M | $253.71M | $286.98M | $251.74M | $197.68M | $168.89M | $179.50M | $183.32M | $219.32M | $199.91M |
| Operating income | $50.21M | $73.28M | $160.61M | $240.90M | $209.60M | $268.00M | $-113.70M | $-129.00M | $-141.60M | $-397.00M | $-536.15M | $-231.60M | $-45.60M | $17.33M | $20.72M | $-86.77M | $19.13M |
| Operating margin | 7.4% | 9.8% | 14.2% | 17.0% | 13.7% | 15.4% | -10.6% | -22.0% | -17.3% | -37.3% | -56.1% | -45.2% | -8.4% | 2.5% | 2.8% | -10.6% | 2.4% |
| EBITDA | $89.73M | $95.75M | $201.01M | $290.97M | $266.13M | $311.70M | $-38.70M | $-48.83M | $36.66M | $-282.71M | $-474.01M | $-28.50M | $-7.82M | $78.85M | $45.21M | $-43.22M | $68.65M |
| EBITDA margin | 13.2% | 12.8% | 17.8% | 20.6% | 17.5% | 17.9% | -3.6% | -8.3% | 4.5% | -26.6% | -49.6% | -5.6% | -1.4% | 11.3% | 6.1% | -5.3% | 8.7% |
| EBIT | $51.30M | $62.53M | $160.24M | $239.17M | $205.44M | $246.60M | $-104.39M | $-110.59M | $-28.47M | $-357.22M | $-537.25M | $-79.50M | $-50.00M | $41.87M | $10.48M | $-96.94M | $34.90M |
| Interest expense | $19.45M | $18.19M | $19.53M | $16.40M | $18.30M | $29.90M | $29.90M | $27.40M | $26.80M | $32.53M | $31.62M | $30.27M | $32.01M | $31.52M | $18.30M | $31.49M | $18.31M |
| Income tax | $11.01M | $20.30M | $47.11M | $71.30M | $56.50M | $68.10M | $-14.90M | $-56.10M | $1.90M | $-15.67M | $-1.81M | $-12.90M | $642000.00 | $6.64M | $11.06M | $6.90M | — |
| Effective tax rate | 36.3% | 45.9% | 33.5% | 32.0% | 30.4% | 28.1% | 11.1% | 40.6% | -3.4% | 4.0% | 0.3% | 11.7% | -0.8% | 64.1% | -141.6% | -5.4% | 0.0% |
| Net income | $19.34M | $23.94M | $93.34M | $151.40M | $129.60M | $174.30M | $-119.40M | $-82.00M | $-57.10M | $-374.08M | $-567.06M | $-96.90M | $-82.70M | $3.71M | $-18.88M | $-135.33M | $-9.66M |
| Net income growth (YoY) | — | +23.8% | +289.9% | +62.2% | -14.4% | +34.5% | -168.5% | +31.3% | +30.4% | -555.1% | -51.6% | +82.9% | +14.7% | +104.5% | -608.5% | -616.9% | +92.9% |
| Profit margin | 2.9% | 3.2% | 8.3% | 10.7% | 8.5% | 10.0% | -11.1% | -14.0% | -7.0% | -35.2% | -59.3% | -18.9% | -15.3% | 0.5% | -2.6% | -16.6% | -1.2% |