Symbols / FET $59.50 +3.51% Forum Energy Technologies, Inc.

Energy • Oil & Gas Equipment & Services • United States • NYQ
FET Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
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
Market Cap 674.06M Enterprise Value 866.75M 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 22.20
PEG 3.44 P/S 0.85 P/B 2.27 P/C — EV/EBITDA 16.39 EV/Sales 1.09
Quick Ratio 0.90 Current Ratio 2.17 Debt/Eq 79.57 LT Debt/Eq — EPS (ttm) -0.81 EPS next Y 2.68
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 11.33M Shs Float 8.99M Short Float 2.95%
Short Ratio 1.42 Short Interest — 52W High 63.58 52W Low 13.55 Beta 0.58 Avg Volume 242.47K
Volume 107.08K Target Price $64.00 Recom Strong_buy Prev Close $57.48 Price $59.50 Change 3.51%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$64.00
Mean price target
2. Current target
$59.50
Latest analyst target
3. DCF / Fair value
$124.65
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$59.50
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
News
RSS: Latest FET news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-06 LUX NEAL Chief Executive Officer — 59,697 — —
2026-03-06 BROOKES MARK Officer — 5,748 — —
2026-03-06 POUNDS STEVEN Officer — 5,748 — —
2026-03-06 DANFORD MICHAEL DEWAYNE Officer — 7,348 — —
2026-03-06 WILLIAMS DAVID LYLE JR Chief Financial Officer — 23,879 — —
2026-03-06 IVASCU JOHN C. General Counsel — 14,695 — —
2026-03-05 KELLER KATHERINE CAMPBELL Officer — 2,615 — —
2026-03-03 RASPINO LOUIS A Director — 2,556 $0.00 $0
2026-03-03 MCSHANE MICHAEL M Director — 2,556 $0.00 $0
2026-03-03 BEYER LESLIE ANN Director — 213 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
791.47
-3.06%
816.42
+10.50%
738.86
+5.57%
699.91
Operating Revenue
791.47
-3.06%
816.42
+10.50%
738.86
+5.57%
699.91
Cost Of Revenue
572.44
+1.97%
561.39
+4.99%
534.71
+4.56%
511.39
Reconciled Cost Of Revenue
572.44
+1.97%
561.39
+4.99%
534.71
+4.56%
511.39
Gross Profit
219.04
-14.11%
255.03
+24.92%
204.15
+8.29%
188.53
Operating Expense
199.91
-8.85%
219.32
+21.58%
180.39
+0.51%
179.47
Selling General And Administration
199.91
-8.85%
219.32
+21.58%
180.39
+0.51%
179.47
Total Expenses
772.34
-1.07%
780.72
+9.18%
715.10
+3.51%
690.86
Operating Income
19.13
-46.42%
35.71
+50.26%
23.76
+162.44%
9.05
Total Operating Income As Reported
30.14
+134.74%
-86.77
-518.84%
20.72
+19.57%
17.33
EBITDA
68.65
+258.85%
-43.22
-195.59%
45.21
-42.66%
78.85
Normalized EBITDA
52.89
-40.86%
89.42
+52.88%
58.49
+27.07%
46.03
Reconciled Depreciation
33.76
-37.16%
53.72
+54.68%
34.73
-6.08%
36.98
EBIT
34.90
+136.00%
-96.94
-1024.70%
10.48
-74.97%
41.87
Total Unusual Items
15.77
+111.89%
-132.64
-898.75%
-13.28
-140.47%
32.82
Total Unusual Items Excluding Goodwill
15.77
+111.89%
-132.64
-898.75%
-13.28
-140.47%
32.82
Special Income Charges
11.01
+108.79%
-125.33
-4011.84%
-3.05
-136.85%
8.27
Other Special Charges
-11.18
-457.43%
-2.01
—
-7.00
Impairment Of Capital Assets
0.00
-100.00%
119.12
0.00
—
Restructuring And Mergern Acquisition
0.55
-92.93%
7.73
+167.22%
2.89
0.00
Write Off
—
—
—
—
Net Income
-9.66
+92.86%
-135.33
-616.92%
-18.88
-608.51%
3.71
Pretax Income
16.59
+112.92%
-128.43
-1543.54%
-7.81
-175.50%
10.35
Net Non Operating Interest Income Expense
-18.31
+41.85%
-31.49
-72.10%
-18.30
+41.96%
-31.52
Interest Expense Non Operating
18.31
-41.85%
31.49
+72.10%
18.30
-41.96%
31.52
Net Interest Income
-18.31
+41.85%
-31.49
-72.10%
-18.30
+41.96%
-31.52
Interest Expense
18.31
-41.85%
31.49
+72.10%
18.30
-41.96%
31.52
Other Income Expense
15.77
+111.89%
-132.64
-898.75%
-13.28
-140.47%
32.82
Gain On Sale Of Security
4.75
+164.99%
-7.32
+28.52%
-10.23
-141.69%
24.55
Gain On Sale Of Business
—
—
—
—
Tax Provision
26.25
+280.39%
6.90
-37.62%
11.06
+66.67%
6.64
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
3.31
+111.89%
-27.86
-898.75%
-2.79
-140.47%
6.89
Net Income Including Noncontrolling Interests
-9.66
+92.86%
-135.33
-616.92%
-18.88
-608.51%
3.71
Net Income From Continuing Operation Net Minority Interest
-9.66
+92.86%
-135.33
-616.92%
-18.88
-608.51%
3.71
Net Income From Continuing And Discontinued Operation
-9.66
+92.86%
-135.33
-616.92%
-18.88
-608.51%
3.71
Net Income Continuous Operations
-9.66
+92.86%
-135.33
-616.92%
-18.88
-608.51%
3.71
Normalized Income
-22.12
+27.57%
-30.54
-264.23%
-8.38
+62.26%
-22.22
Net Income Common Stockholders
-9.66
+92.86%
-135.33
-616.92%
-18.88
-608.51%
3.71
Diluted EPS
-0.81
+92.64%
-11.00
-494.59%
-1.85
-398.39%
0.62
Basic EPS
-0.81
+92.64%
-11.00
-494.59%
-1.85
-384.62%
0.65
Basic Average Shares
11.88
-3.39%
12.30
+20.59%
10.20
+78.95%
5.70
Diluted Average Shares
11.88
-3.39%
12.30
+20.59%
10.20
+70.00%
6.00
Diluted NI Availto Com Stockholders
-9.66
+92.86%
-135.33
-616.92%
-18.88
-608.51%
3.71
Gain On Sale Of PPE
0.38
+178.10%
-0.48
-210.26%
-0.16
-112.27%
1.27
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
752.46
-7.78%
815.95
-0.62%
821.06
-1.64%
834.76
Current Assets
448.88
-9.43%
495.64
-6.41%
529.60
+3.26%
512.87
Cash Cash Equivalents And Short Term Investments
34.66
-22.39%
44.66
-3.26%
46.16
-9.53%
51.03
Cash And Cash Equivalents
34.66
-22.39%
44.66
-3.26%
46.16
-9.53%
51.03
Receivables
151.79
-8.73%
166.31
+2.72%
161.91
-4.79%
170.05
Accounts Receivable
142.40
-7.49%
153.93
+4.89%
146.75
-4.86%
154.25
Gross Accounts Receivable
151.35
-7.41%
163.46
+3.72%
157.60
-4.45%
164.94
Allowance For Doubtful Accounts Receivable
-8.95
+6.04%
-9.53
+12.18%
-10.85
-1.50%
-10.69
Other Receivables
9.39
-24.18%
12.38
-18.34%
15.17
-4.04%
15.80
Inventory
239.42
-9.82%
265.49
-11.40%
299.64
+11.05%
269.83
Raw Materials
95.62
-3.60%
99.19
+7.15%
92.56
-1.72%
94.18
Work In Process
26.00
-6.74%
27.88
-2.83%
28.69
+4.38%
27.49
Finished Goods
140.82
-19.12%
174.11
-19.60%
216.57
+15.54%
187.45
Prepaid Assets
—
—
—
—
Other Current Assets
23.02
+20.01%
19.18
-12.37%
21.89
-0.32%
21.96
Total Non Current Assets
303.57
-5.23%
320.32
+9.90%
291.46
-9.46%
321.89
Net PPE
132.64
-0.88%
133.81
+14.56%
116.80
-2.86%
120.23
Gross PPE
303.62
-1.51%
308.29
+5.89%
291.15
-0.04%
291.25
Accumulated Depreciation
-170.99
+2.00%
-174.48
-0.08%
-174.35
-1.95%
-171.02
Properties
0.00
0.00
0.00
0.00
Land And Improvements
1.70
-29.16%
2.39
-50.57%
4.84
+1.68%
4.76
Buildings And Improvements
18.10
-31.33%
26.35
-43.44%
46.60
-6.25%
49.70
Machinery Furniture Equipment
177.93
-1.85%
181.29
+10.12%
164.63
+3.09%
159.69
Construction In Progress
5.63
+5.69%
5.33
+241.17%
1.56
-65.52%
4.53
Other Properties
100.27
+7.91%
92.92
+26.40%
73.51
+1.31%
72.56
Goodwill And Other Intangible Assets
158.30
-7.36%
170.88
+1.73%
167.97
-12.28%
191.48
Goodwill
64.67
+4.89%
61.65
0.00
—
Other Intangible Assets
93.64
-14.28%
109.23
-34.97%
167.97
-12.28%
191.48
Non Current Deferred Assets
9.47
-30.38%
13.60
+790.57%
1.53
+13.11%
1.35
Non Current Deferred Taxes Assets
7.89
-31.09%
11.45
+3010.05%
0.37
+100.00%
0.18
Other Non Current Assets
3.16
+56.15%
2.02
-60.76%
5.16
-41.55%
8.83
Total Liabilities Net Minority Interest
461.31
-7.00%
496.05
+21.45%
408.43
-22.61%
527.72
Current Liabilities
206.53
+2.32%
201.86
-1.22%
204.34
-2.83%
210.29
Payables And Accrued Expenses
170.81
-8.61%
186.89
-0.79%
188.38
-3.30%
194.81
Payables
94.56
-13.76%
109.65
-12.92%
125.92
+6.47%
118.26
Accounts Payable
94.56
-13.76%
109.65
-12.92%
125.92
+6.47%
118.26
Current Accrued Expenses
76.24
-1.29%
77.24
+23.66%
62.46
-18.40%
76.54
Current Debt And Capital Lease Obligation
1.41
-24.60%
1.87
+57.34%
1.19
+51.66%
0.78
Current Debt
1.41
-24.60%
1.87
+57.34%
1.19
+51.66%
0.78
Current Deferred Liabilities
34.32
+162.00%
13.10
-11.32%
14.77
+0.45%
14.71
Current Deferred Revenue
34.32
+162.00%
13.10
-11.32%
14.77
+0.45%
14.71
Total Non Current Liabilities Net Minority Interest
254.78
-13.40%
294.20
+44.15%
204.09
-35.71%
317.43
Long Term Debt And Capital Lease Obligation
218.48
-15.86%
259.67
+35.94%
191.02
-37.11%
303.75
Long Term Debt
134.52
-27.88%
186.53
+43.96%
129.57
-45.82%
239.13
Long Term Capital Lease Obligation
83.96
+14.78%
73.14
+19.03%
61.45
-4.91%
64.63
Non Current Deferred Liabilities
20.43
-13.74%
23.68
+2418.94%
0.94
+4.21%
0.90
Non Current Deferred Taxes Liabilities
20.43
-13.74%
23.68
+2418.94%
0.94
+4.21%
0.90
Other Non Current Liabilities
15.88
+46.31%
10.85
-10.57%
12.13
-5.02%
12.77
Stockholders Equity
291.14
-8.99%
319.90
-22.47%
412.63
+34.39%
307.04
Common Stock Equity
291.14
-8.99%
319.90
-22.47%
412.63
+34.39%
307.04
Capital Stock
0.13
+1.54%
0.13
+19.27%
0.11
+75.81%
0.06
Common Stock
0.13
+1.54%
0.13
+19.27%
0.11
+75.81%
0.06
Share Issued
13.19
+1.49%
13.00
+19.24%
10.90
+75.17%
6.22
Ordinary Shares Number
11.10
-9.71%
12.29
+20.58%
10.19
+80.30%
5.65
Treasury Shares Number
2.10
+195.66%
0.71
+0.00%
0.71
+24.31%
0.57
Additional Paid In Capital
1,427.59
+0.54%
1,419.87
+3.69%
1,369.29
+9.23%
1,253.61
Retained Earnings
-844.46
-1.16%
-834.80
-19.35%
-699.47
-2.77%
-680.60
Gains Losses Not Affecting Retained Earnings
-115.45
+6.32%
-123.25
-6.95%
-115.24
+9.61%
-127.48
Treasury Stock
176.67
+24.36%
142.06
+0.00%
142.06
+2.52%
138.56
Other Equity Adjustments
-115.45
+6.32%
-123.25
-6.95%
-115.24
+9.61%
-127.48
Total Equity Gross Minority Interest
291.14
-8.99%
319.90
-22.47%
412.63
+34.39%
307.04
Total Capitalization
425.66
-15.95%
506.43
-6.60%
542.20
-0.73%
546.16
Working Capital
242.35
-17.51%
293.78
-9.68%
325.26
+7.50%
302.57
Invested Capital
427.07
-15.98%
508.29
-6.46%
543.39
-0.65%
546.95
Total Debt
219.88
-15.93%
261.54
+36.07%
192.20
-36.89%
304.54
Net Debt
101.27
-29.54%
143.73
+69.92%
84.59
-55.22%
188.88
Capital Lease Obligations
83.96
+14.78%
73.14
+19.03%
61.45
-4.91%
64.63
Net Tangible Assets
132.84
-10.86%
149.02
-39.09%
244.66
+111.73%
115.55
Tangible Book Value
132.84
-10.86%
149.02
-39.09%
244.66
+111.73%
115.55
Inventories Adjustments Allowances
-23.02
+35.50%
-35.69
+6.53%
-38.19
+2.81%
-39.29
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
70.40
-23.63%
92.19
+1026.62%
8.18
+147.98%
-17.05
Cash Flow From Continuing Operating Activities
70.40
-23.63%
92.19
+1026.62%
8.18
+147.98%
-17.05
Net Income From Continuing Operations
-9.66
+92.86%
-135.33
-616.92%
-18.88
-608.51%
3.71
Depreciation Amortization Depletion
33.76
-37.16%
53.72
+54.68%
34.73
-6.08%
36.98
Depreciation
13.82
-18.22%
16.90
+56.46%
10.80
-13.20%
12.44
Amortization Cash Flow
19.94
-45.85%
36.82
+53.88%
23.93
-2.48%
24.54
Depreciation And Amortization
33.76
-37.16%
53.72
+54.68%
34.73
-6.08%
36.98
Amortization Of Intangibles
19.94
-45.85%
36.82
+53.88%
23.93
-2.48%
24.54
Other Non Cash Items
-9.68
-712.02%
1.58
-69.10%
5.12
+410.06%
-1.65
Stock Based Compensation
9.04
+26.68%
7.14
+56.14%
4.57
+8.70%
4.21
Provisionand Write Offof Assets
-0.19
-149.61%
0.39
-74.53%
1.53
-32.10%
2.25
Asset Impairment Charge
23.96
-80.33%
121.84
+4276.40%
2.78
+3.19%
2.70
Deferred Tax
5.33
+130.36%
-17.57
-8514.71%
-0.20
-56.92%
-0.13
Deferred Income Tax
5.33
+130.36%
-17.57
-8514.71%
-0.20
-56.92%
-0.13
Operating Gains Losses
—
2.85
—
—
Change In Working Capital
17.84
-69.02%
57.57
+368.25%
-21.46
+67.04%
-65.12
Change In Receivables
17.21
+13.17%
15.21
+72.35%
8.82
+120.70%
-42.63
Changes In Account Receivables
14.69
+8.12%
13.59
+103.50%
6.68
+119.19%
-34.80
Change In Inventory
11.07
-73.30%
41.47
+229.88%
-31.93
+7.75%
-34.61
Change In Prepaid Assets
-4.20
-151.64%
8.13
+202.76%
2.69
+355.25%
0.59
Change In Payables And Accrued Expense
-18.24
-137.87%
-7.67
-56.68%
-4.89
-123.57%
20.76
Change In Payable
-18.24
-137.87%
-7.67
-56.68%
-4.89
-123.57%
20.76
Change In Account Payable
-18.24
-137.87%
-7.67
-56.68%
-4.89
-123.57%
20.76
Change In Other Working Capital
12.00
+2639.04%
0.44
-88.63%
3.85
+141.71%
-9.23
Investing Cash Flow
9.57
+106.96%
-137.53
-1992.29%
-6.57
-124.22%
27.14
Cash Flow From Continuing Investing Activities
9.57
+106.96%
-137.53
-1992.29%
-6.57
-124.22%
27.14
Net PPE Purchase And Sale
1.01
+43.24%
0.70
-48.72%
1.37
-54.41%
3.01
Sale Of PPE
1.01
+43.24%
0.70
-48.72%
1.37
-54.41%
3.01
Capital Expenditure
-6.01
+26.15%
-8.14
-2.53%
-7.94
-6.03%
-7.49
Capital Expenditure Reported
-6.01
+26.15%
-8.14
-2.53%
-7.94
-6.03%
-7.49
Net Business Purchase And Sale
0.00
+100.00%
-150.41
0.00
+100.00%
-0.48
Purchase Of Business
0.00
+100.00%
-150.41
0.00
+100.00%
-0.48
Gain Loss On Sale Of Business
—
—
—
—
Net Other Investing Changes
14.57
-28.29%
20.32
—
32.11
Financing Cash Flow
-91.57
-302.39%
45.24
+696.70%
-7.58
-49.37%
-5.08
Cash Flow From Continuing Financing Activities
-91.57
-302.39%
45.24
+696.70%
-7.58
-49.37%
-5.08
Net Issuance Payments Of Debt
-54.72
-199.73%
54.87
+4403.22%
-1.27
-2.00%
-1.25
Issuance Of Debt
562.32
-35.68%
874.32
+93.55%
451.74
-16.98%
544.13
Repayment Of Debt
-617.04
+24.70%
-819.45
-80.89%
-453.01
+16.94%
-545.38
Long Term Debt Issuance
0.00
-100.00%
159.68
0.00
-100.00%
544.13
Long Term Debt Payments
-1.61
+99.18%
-195.20
-15210.12%
-1.27
-2.00%
-1.25
Net Long Term Debt Issuance
-1.61
+95.47%
-35.53
-2686.43%
-1.27
-2.00%
-1.25
Short Term Debt Issuance
562.32
-21.31%
714.64
+58.20%
451.74
-16.98%
544.13
Short Term Debt Payments
-615.43
+1.41%
-624.25
-38.19%
-451.74
+16.98%
-544.13
Net Short Term Debt Issuance
-53.11
-158.75%
90.39
0.00
0.00
Net Common Stock Issuance
-34.61
0.00
+100.00%
-6.00
-56.72%
-3.83
Common Stock Payments
-34.61
0.00
+100.00%
-6.00
-56.72%
-3.83
Repurchase Of Capital Stock
-34.61
0.00
+100.00%
-6.00
-56.72%
-3.83
Proceeds From Stock Option Exercised
-1.32
-21.19%
-1.09
0.00
—
Net Other Financing Charges
-0.91
+89.29%
-8.53
-2644.05%
-0.31
—
Changes In Cash
-11.60
-12370.97%
-0.09
+98.44%
-5.97
-219.23%
5.01
Effect Of Exchange Rate Changes
1.60
+213.25%
-1.41
-227.35%
1.11
+232.22%
-0.84
Beginning Cash Position
44.66
-3.26%
46.16
-9.53%
51.03
+8.90%
46.86
End Cash Position
34.66
-22.39%
44.66
-3.26%
46.16
-9.53%
51.03
Free Cash Flow
64.39
-23.39%
84.05
+35065.69%
0.24
+100.97%
-24.55
Interest Paid Supplemental Data
16.94
-36.72%
26.76
+56.62%
17.09
-32.53%
25.32
Income Tax Paid Supplemental Data
25.99
+12.42%
23.12
+162.60%
8.80
—
SEC Filings

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

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category