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About

Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, defense, and renewable energy industries in the United States and internationally. It operates through two segments, Drilling and Completions; and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures, and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation, and intervention markets, including applications in oil and natural gas, renewable energy, defense, and communications industries. This segment also offers drilling capital equipment and consumable products; subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tooling, and technical services; hydraulic fracturing pumps, cooling systems, and high-pressure flexible hoses and flow iron; wireline cable and pressure control equipment; and coiled tubing strings and pressure control equipment, as well as coiled line pipe and related services. The Artificial Lift and Downhole Segment designs, manufactures, and supplies products and solutions for the artificial lift, well construction, production, and infrastructure markets. This segment also offers products designed to safeguard artificial lift equipment and downhole cables; well construction casing and cementing equipment; customized downhole technology solutions, which provides sand and flow control products for heavy oil applications; engineered process systems, production equipment, and separation equipment; and a range of industrial valves. It sells its products through distributors to drilling rig contractors, offshore service companies, governmental organizations, and oil and gas operators and producers. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas Equipment & Se Market Cap 650.71M
Enterprise Value 844.58M Income -9.66M Sales 791.47M
Book/sh 26.24 Cash/sh 3.08 Dividend Yield
Payout 0.00% Employees 1700 IPO
P/E Forward P/E 18.39 PEG
P/S 0.82 P/B 2.18 P/C
EV/EBITDA 15.97 EV/Sales 1.07 Quick Ratio 0.90
Current Ratio 2.17 Debt/Eq 79.57 LT Debt/Eq
EPS (ttm) -0.81 EPS next Y 3.11 EPS Growth
Revenue Growth 0.60% Earnings 2026-04-30 ROA 1.52%
ROE -3.16% ROIC Gross Margin 27.67%
Oper. Margin 6.03% Profit Margin -1.22% Shs Outstand 11.26M
Shs Float 8.98M Short Float 2.13% Short Ratio 0.72
Short Interest 52W High 63.58 52W Low 12.78
Beta 0.59 Avg Volume 224.53K Volume 54.51K
Target Price $64.00 Recom None Prev Close $57.53
Price $57.19 Change -0.59%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$64.00
Mean price target
2. Current target
$57.19
Latest analyst target
3. DCF / Fair value
$125.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$57.19
Low
$64.00
High
$64.00
Mean
$64.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2020-06-30 down Piper Sandler Overweight → Neutral
2020-04-22 main Citigroup — → Neutral $0
2020-03-19 down Barclays Equal-Weight → Underweight
2020-03-16 down Morgan Stanley Equal-Weight → Underweight $0
2020-03-11 down B. Riley Securities Neutral → Sell $0
2020-03-09 down B of A Securities Neutral → Underperform
2019-10-07 main Morgan Stanley — → Equal-Weight $3
2019-09-30 down Citigroup Buy → Neutral
2019-09-23 main Citigroup — → Buy $3
2019-07-30 main Piper Sandler — → Overweight $3
2019-07-30 main Citigroup — → Buy $4
2019-04-09 main Barclays Equal-Weight → Equal-Weight $6
2018-12-03 init B of A Securities — → Neutral $7
2018-11-19 main Citigroup Neutral → Neutral $8
2018-10-31 main Credit Suisse Neutral → Neutral $10
2018-10-31 main Citigroup Neutral → Neutral $10
2018-10-02 up Simmons & Co. Neutral → Overweight $13
2018-09-19 init Morgan Stanley — → Equal-Weight $13
2018-09-17 main JP Morgan Neutral → Neutral $13
2018-09-14 main Citigroup Neutral → Neutral $13
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 7348 DANFORD MICHAEL DEWAYNE Officer 2026-03-06 00:00:00 D nan
1 23879 WILLIAMS DAVID LYLE JR Chief Financial Officer 2026-03-06 00:00:00 D nan
2 14695 IVASCU JOHN C. General Counsel 2026-03-06 00:00:00 D nan
3 59697 LUX NEAL Chief Executive Officer 2026-03-06 00:00:00 D nan
4 5748 BROOKES MARK Officer 2026-03-06 00:00:00 D nan
5 5748 POUNDS STEVEN Officer 2026-03-06 00:00:00 D nan
6 2615 KELLER KATHERINE CAMPBELL Officer 2026-03-05 00:00:00 D nan
7 2556 Stock Award(Grant) at price 0.00 per share. ANGELLE EVELYN M Director 2026-03-03 00:00:00 D
8 2556 Stock Award(Grant) at price 0.00 per share. SMITH MARK W Director 2026-03-03 00:00:00 D
9 213 Stock Award(Grant) at price 0.00 per share. BEYER LESLIE ANN Director 2026-03-03 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems3.31M-27.86M-2.79M6.89M
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA52.89M89.42M58.49M46.03M
TotalUnusualItems15.77M-132.64M-13.28M32.82M
TotalUnusualItemsExcludingGoodwill15.77M-132.64M-13.28M32.82M
NetIncomeFromContinuingOperationNetMinorityInterest-9.66M-135.33M-18.88M3.71M
ReconciledDepreciation33.76M53.72M34.73M36.98M
ReconciledCostOfRevenue572.44M561.39M534.71M511.39M
EBITDA68.65M-43.22M45.21M78.85M
EBIT34.90M-96.94M10.48M41.87M
NetInterestIncome-18.31M-31.49M-18.30M-31.52M
InterestExpense18.31M31.49M18.30M31.52M
NormalizedIncome-22.12M-30.54M-8.38M-22.22M
NetIncomeFromContinuingAndDiscontinuedOperation-9.66M-135.33M-18.88M3.71M
TotalExpenses772.34M780.72M715.10M690.86M
TotalOperatingIncomeAsReported30.14M-86.77M20.72M17.33M
DilutedAverageShares11.88M12.30M10.20M6.00M
BasicAverageShares11.88M12.30M10.20M5.70M
DilutedEPS-0.81-11.00-1.850.62
BasicEPS-0.81-11.00-1.850.65
DilutedNIAvailtoComStockholders-9.66M-135.33M-18.88M3.71M
NetIncomeCommonStockholders-9.66M-135.33M-18.88M3.71M
NetIncome-9.66M-135.33M-18.88M3.71M
NetIncomeIncludingNoncontrollingInterests-9.66M-135.33M-18.88M3.71M
NetIncomeContinuousOperations-9.66M-135.33M-18.88M3.71M
TaxProvision26.25M6.90M11.06M6.64M
PretaxIncome16.59M-128.43M-7.81M10.35M
OtherIncomeExpense15.77M-132.64M-13.28M32.82M
SpecialIncomeCharges11.01M-125.33M-3.05M8.27M
GainOnSaleOfPPE378.00K-484.00K-156.00K1.27M
GainOnSaleOfBusiness0.00
OtherSpecialCharges-11.18M-2.01M-7.00M5.29M
WriteOff0.00
ImpairmentOfCapitalAssets0.00119.12M0.00
RestructuringAndMergernAcquisition546.00K7.73M2.89M0.00
GainOnSaleOfSecurity4.75M-7.32M-10.23M24.55M
NetNonOperatingInterestIncomeExpense-18.31M-31.49M-18.30M-31.52M
InterestExpenseNonOperating18.31M31.49M18.30M31.52M
OperatingIncome19.13M35.71M23.76M9.05M
OperatingExpense199.91M219.32M180.39M179.47M
SellingGeneralAndAdministration199.91M219.32M180.39M179.47M
GrossProfit219.04M255.03M204.15M188.53M
CostOfRevenue572.44M561.39M534.71M511.39M
TotalRevenue791.47M816.42M738.86M699.91M
OperatingRevenue791.47M816.42M738.86M699.91M
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber2.10M708.90K708.90K570.25K
OrdinarySharesNumber11.10M12.29M10.19M5.65M
ShareIssued13.19M13.00M10.90M6.22M
NetDebt101.27M143.73M84.59M188.88M
TotalDebt219.88M261.54M192.20M304.54M
TangibleBookValue132.84M149.02M244.66M115.55M
InvestedCapital427.07M508.29M543.39M546.95M
WorkingCapital242.35M293.78M325.26M302.57M
NetTangibleAssets132.84M149.02M244.66M115.55M
CapitalLeaseObligations83.96M73.14M61.45M64.63M
CommonStockEquity291.14M319.90M412.63M307.04M
TotalCapitalization425.66M506.43M542.20M546.16M
TotalEquityGrossMinorityInterest291.14M319.90M412.63M307.04M
StockholdersEquity291.14M319.90M412.63M307.04M
GainsLossesNotAffectingRetainedEarnings-115.45M-123.25M-115.24M-127.48M
OtherEquityAdjustments-115.45M-123.25M-115.24M-127.48M
TreasuryStock176.67M142.06M142.06M138.56M
RetainedEarnings-844.46M-834.80M-699.47M-680.60M
AdditionalPaidInCapital1.43B1.42B1.37B1.25B
CapitalStock132.00K130.00K109.00K62.00K
CommonStock132.00K130.00K109.00K62.00K
TotalLiabilitiesNetMinorityInterest461.31M496.05M408.43M527.72M
TotalNonCurrentLiabilitiesNetMinorityInterest254.78M294.20M204.09M317.43M
OtherNonCurrentLiabilities15.88M10.85M12.13M12.77M
NonCurrentDeferredLiabilities20.43M23.68M940.00K902.00K
NonCurrentDeferredTaxesLiabilities20.43M23.68M940.00K902.00K
LongTermDebtAndCapitalLeaseObligation218.48M259.67M191.02M303.75M
LongTermCapitalLeaseObligation83.96M73.14M61.45M64.63M
LongTermDebt134.52M186.53M129.57M239.13M
CurrentLiabilities206.53M201.86M204.34M210.29M
CurrentDeferredLiabilities34.32M13.10M14.77M14.71M
CurrentDeferredRevenue34.32M13.10M14.77M14.71M
CurrentDebtAndCapitalLeaseObligation1.41M1.87M1.19M782.00K
CurrentDebt1.41M1.87M1.19M782.00K
PayablesAndAccruedExpenses170.81M186.89M188.38M194.81M
CurrentAccruedExpenses76.24M77.24M62.46M76.54M
Payables94.56M109.65M125.92M118.26M
AccountsPayable94.56M109.65M125.92M118.26M
TotalAssets752.46M815.95M821.06M834.76M
TotalNonCurrentAssets303.57M320.32M291.46M321.89M
OtherNonCurrentAssets3.16M2.02M5.16M8.83M
NonCurrentDeferredAssets9.47M13.60M1.53M1.35M
NonCurrentDeferredTaxesAssets7.89M11.45M368.00K184.00K
GoodwillAndOtherIntangibleAssets158.30M170.88M167.97M191.48M
OtherIntangibleAssets93.64M109.23M167.97M191.48M
Goodwill64.67M61.65M0.00
NetPPE132.64M133.81M116.80M120.23M
AccumulatedDepreciation-170.99M-174.48M-174.35M-171.02M
GrossPPE303.62M308.29M291.15M291.25M
ConstructionInProgress5.63M5.33M1.56M4.53M
OtherProperties100.27M92.92M73.51M72.56M
MachineryFurnitureEquipment177.93M181.29M164.63M159.69M
BuildingsAndImprovements18.10M26.35M46.60M49.70M
LandAndImprovements1.70M2.39M4.84M4.76M
Properties0.000.000.000.00
CurrentAssets448.88M495.64M529.60M512.87M
OtherCurrentAssets23.02M19.18M21.89M21.96M
PrepaidAssets23.70M
Inventory239.42M265.49M299.64M269.83M
InventoriesAdjustmentsAllowances-23.02M-35.69M-38.19M-39.29M
FinishedGoods140.82M174.11M216.57M187.45M
WorkInProcess26.00M27.88M28.69M27.49M
RawMaterials95.62M99.19M92.56M94.18M
Receivables151.79M166.31M161.91M170.05M
OtherReceivables9.39M12.38M15.17M15.80M
AccountsReceivable142.40M153.93M146.75M154.25M
AllowanceForDoubtfulAccountsReceivable-8.95M-9.53M-10.85M-10.69M
GrossAccountsReceivable151.35M163.46M157.60M164.94M
CashCashEquivalentsAndShortTermInvestments34.66M44.66M46.16M51.03M
CashAndCashEquivalents34.66M44.66M46.16M51.03M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow64.39M84.05M239.00K-24.55M
RepurchaseOfCapitalStock-34.61M0.00-6.00M-3.83M
RepaymentOfDebt-617.04M-819.45M-453.01M-545.38M
IssuanceOfDebt562.32M874.32M451.74M544.13M
CapitalExpenditure-6.01M-8.14M-7.94M-7.49M
InterestPaidSupplementalData16.94M26.76M17.09M25.32M
IncomeTaxPaidSupplementalData25.99M23.12M8.80M2.44M
EndCashPosition34.66M44.66M46.16M51.03M
BeginningCashPosition44.66M46.16M51.03M46.86M
EffectOfExchangeRateChanges1.60M-1.41M1.11M-838.00K
ChangesInCash-11.60M-93.00K-5.97M5.01M
FinancingCashFlow-91.57M45.24M-7.58M-5.08M
CashFlowFromContinuingFinancingActivities-91.57M45.24M-7.58M-5.08M
NetOtherFinancingCharges-914.00K-8.53M-311.00K-1.59M
ProceedsFromStockOptionExercised-1.32M-1.09M0.00
NetCommonStockIssuance-34.61M0.00-6.00M-3.83M
CommonStockPayments-34.61M0.00-6.00M-3.83M
NetIssuancePaymentsOfDebt-54.72M54.87M-1.27M-1.25M
NetShortTermDebtIssuance-53.11M90.39M0.000.00
ShortTermDebtPayments-615.43M-624.25M-451.74M-544.13M
ShortTermDebtIssuance562.32M714.64M451.74M544.13M
NetLongTermDebtIssuance-1.61M-35.53M-1.27M-1.25M
LongTermDebtPayments-1.61M-195.20M-1.27M-1.25M
LongTermDebtIssuance0.00159.68M0.00544.13M
InvestingCashFlow9.57M-137.53M-6.57M27.14M
CashFlowFromContinuingInvestingActivities9.57M-137.53M-6.57M27.14M
NetOtherInvestingChanges14.57M20.32M32.11M10.78M
NetBusinessPurchaseAndSale0.00-150.41M0.00-485.00K
PurchaseOfBusiness0.00-150.41M0.00-485.00K
NetPPEPurchaseAndSale1.01M703.00K1.37M3.01M
SaleOfPPE1.01M703.00K1.37M3.01M
CapitalExpenditureReported-6.01M-8.14M-7.94M-7.49M
OperatingCashFlow70.40M92.19M8.18M-17.05M
CashFlowFromContinuingOperatingActivities70.40M92.19M8.18M-17.05M
ChangeInWorkingCapital17.84M57.57M-21.46M-65.12M
ChangeInOtherWorkingCapital12.00M438.00K3.85M-9.23M
ChangeInPayablesAndAccruedExpense-18.24M-7.67M-4.89M20.76M
ChangeInPayable-18.24M-7.67M-4.89M20.76M
ChangeInAccountPayable-18.24M-7.67M-4.89M20.76M
ChangeInPrepaidAssets-4.20M8.13M2.69M590.00K
ChangeInInventory11.07M41.47M-31.93M-34.61M
ChangeInReceivables17.21M15.21M8.82M-42.63M
ChangesInAccountReceivables14.69M13.59M6.68M-34.80M
OtherNonCashItems-9.68M1.58M5.12M-1.65M
StockBasedCompensation9.04M7.14M4.57M4.21M
ProvisionandWriteOffofAssets-193.00K389.00K1.53M2.25M
AssetImpairmentCharge23.96M121.84M2.78M2.70M
DeferredTax5.33M-17.57M-204.00K-130.00K
DeferredIncomeTax5.33M-17.57M-204.00K-130.00K
DepreciationAmortizationDepletion33.76M53.72M34.73M36.98M
DepreciationAndAmortization33.76M53.72M34.73M36.98M
AmortizationCashFlow19.94M36.82M23.93M24.54M
AmortizationOfIntangibles19.94M36.82M23.93M24.54M
Depreciation13.82M16.90M10.80M12.44M
OperatingGainsLosses2.85M5.29M
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations-9.66M-135.33M-18.88M3.71M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for FET
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