Forum Energy Technologies, Inc.
FETNYSEEnergyOil & Gas Equipment & Services
Previous close
$77.42
−$1.18 · -1.50%
FET company overview
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GoAI snapshot
AI-powered factor overview
GoAI score
Hold
Wait — insufficient conviction to act
Valuation
66
Undervalued
Momentum
44
Neutral
Sentiment
43
Mixed
Risk resilience
56
Elevated Risk
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Company profile
Company websiteForum Energy Technologies, Inc. is a global provider that develops, produces, and distributes essential equipment and services for the oil and natural gas, industrial, and renewable energy industries, operating in both the United States and internationally. The company organizes its operations into three main segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and provides products and related services for drilling, well construction, artificial lift, and subsea energy infrastructure markets. Its applications span oil and natural gas, renewable energy, defense, and communications. Offerings in this division include capital drilling equipment and various consumables for the drilling process; well casing and cementing tools, alongside protective gear for artificial lift systems and cables; and advanced subsea technologies such as remotely operated vehicles (ROVs), trenchers, submarine rescue vehicles, specialized components, and complementary technical services. The Completions segment supplies a range of equipment for well completion and intervention services. This encompasses hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron, catering to pressure pumping, hydraulic fracturing, and flowback operations. Additionally, it offers wireline cable, pressure control apparatus, coiled tubing strings, and coiled line pipe. The Production segment is dedicated to developing, manufacturing, and supplying products, equipment, and associated services for production and infrastructure needs. Its portfolio includes custom engineered process systems, various types of production equipment, specialized separation units, and a broad array of industrial valves. These serve a diverse customer base, including oil and natural gas companies, power generation facilities, renewable energy projects, and other general industrial applications. Forum Energy Technologies, Inc. was established in 2005, initially named Forum Oilfield Technologies, Inc., before rebranding to its current name in August 2010. The company's headquarters are located in Houston, Texas.
- Industry
- Oil & Gas Equipment & Services
- Sector
- Energy
- Headquarters
- US
- CEO
- Neal A. Lux
- Listed since
- Apr 12, 2012
- Employees
- 1,700
Market position
Day range
Current $77.42
52-week range
Current $77.42
- Open
- $80.03
- Previous close
- $78.60
- Volume
- 128.47K
- 0.72× average
- Average volume
- 178.71K
- Average daily volume
- Market cap
- 875.18M USD
- Beta
- 0.56
- Market reference 1
- 50-day average
- $60.0544
- +28.92% above average
- 200-day average
- $51.0411
- +51.68% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 624.3M USD
- P/E (TTM)
- -552.16×
- P/B (TTM)
- 3.02×
- P/S (TTM)
- 1.05×
- EV / EBITDA
- 9.09×
- Earnings yield
- -2.20%
- Free cash flow yield
- 14.66%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 28.04%
- Operating margin
- 3.26%
- Net margin
- -0.19%
- Return on equity
- -3.32%
- Return on assets
- -1.28%
- Return on invested capital
- -2.04%
Financial health
- Debt / equity
- 0.79×
- Current ratio
- 2.17×
- Altman Z-score
- 1.24
- Piotroski F-score
- 6 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 791.47M USD | 816.43M USD | 738.86M USD | 699.91M USD | 541.1M USD |
| Cost of goods sold | 572.44M USD | 561.39M USD | 534.71M USD | 511.39M USD | 417.8M USD |
| Gross profit | 219.04M USD | 255.03M USD | 204.15M USD | 188.53M USD | 123.3M USD |
| Selling, general, and administrative | 199.91M USD | 219.33M USD | 180.39M USD | 179.47M USD | 168.9M USD |
| Operating expenses | 199.91M USD | 341.8M USD | 183.44M USD | 171.2M USD | 168.9M USD |
| Interest expense | 18.31M USD | 31.49M USD | 18.3M USD | 31.53M USD | 32.01M USD |
| Depreciation and amortization | 33.76M USD | 53.72M USD | 34.73M USD | 36.98M USD | 42.18M USD |
| Operating income | 19.13M USD | −86.77M USD | 20.72M USD | 17.33M USD | −45.6M USD |
| Net income | −9.66M USD | −135.33M USD | −18.88M USD | 3.71M USD | −82.7M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 50%
- 5 beats, 5 misses, 0 met estimates
- Average EPS surprise
- -120.57%
- 10 comparable reports
- Latest EPS result
- 1.16
- Estimate 0.57 · Beat by 105.31%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Rating distribution
31 ratingsFET news
Corporate actions
Corporate action history
| Action | Effective date | Details | Record date | Payment date |
|---|---|---|---|---|
Stock split | Nov 10, 2020 | 1:20 | — | — |
Effective Nov 10, 2020
1:20
FET peers
ETFs holding FET
Funds reporting this stock among their holdings, ordered by reported position size.
Avantis U.S. Small Cap Value ETFAVUV30.63M0.10%31.27B USD0.25%$126.45+0.66%
iShares Russell 2000 ETFIWM21.59M0.03%81.62B USD0.19%$299.96+0.77%
Vanguard Morningstar Total Stock Market ETFVTI20.4M0.00%2.3T USD0.03%$378.24+0.44%
Fidelity Enhanced Small Cap ETFFESM11.22M0.17%6.03B USD0.28%$47.94+0.80%
State Street SPDR S&P Kensho New Economies Composite ETFKOMP9.03M0.33%2.71B USD0.20%$69.24+0.92%
Vanguard Extended Market ETFVXF8.13M0.01%93.7B USD0.05%$245.53+0.82%
State Street SPDR S&P Kensho Final Frontiers ETFROKT7.94M3.94%201.34M USD0.45%$114.83+0.46%
State Street SPDR S&P Oil & Gas Equipment & Services ETFXES7.58M1.94%390.49M USD0.35%$120.91-0.45%Avantis U.S. Small Cap Value ETFAVUV- Market value
- 30.63M
- Weight
- 0.10%
- AUM
- 31.27B USD
- Expense ratio
- 0.25%
- Price / 1D
- $126.45+0.66%
iShares Russell 2000 ETFIWM- Market value
- 21.59M
- Weight
- 0.03%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 20.4M
- Weight
- 0.00%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
Fidelity Enhanced Small Cap ETFFESM- Market value
- 11.22M
- Weight
- 0.17%
- AUM
- 6.03B USD
- Expense ratio
- 0.28%
- Price / 1D
- $47.94+0.80%
State Street SPDR S&P Kensho New Economies Composite ETFKOMP- Market value
- 9.03M
- Weight
- 0.33%
- AUM
- 2.71B USD
- Expense ratio
- 0.20%
- Price / 1D
- $69.24+0.92%
Vanguard Extended Market ETFVXF- Market value
- 8.13M
- Weight
- 0.01%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
State Street SPDR S&P Kensho Final Frontiers ETFROKT- Market value
- 7.94M
- Weight
- 3.94%
- AUM
- 201.34M USD
- Expense ratio
- 0.45%
- Price / 1D
- $114.83+0.46%
State Street SPDR S&P Oil & Gas Equipment & Services ETFXES- Market value
- 7.58M
- Weight
- 1.94%
- AUM
- 390.49M USD
- Expense ratio
- 0.35%
- Price / 1D
- $120.91-0.45%
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