Forum Energy Technologies, Inc. (FET) Financial Statements
Industry: Oil & Gas Field Machinery & Equipment
In fiscal 2025, Forum Energy Technologies reported revenue of $791.5M, down 3.1% from $816.4M the year before. Net income was -$9.7M (a -1.2% net margin), or -$0.81 per diluted share. Gross margin was 27.7% and operating margin was 3.8%. Operating activities generated $70.4M of cash, leaving $64.4M of free cash flow. At fiscal year end, Forum Energy Technologies held $752.5M in total assets against $461.3M in total liabilities, including $34.7M of cash and equivalents.
Open the full interactive Forum Energy Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Forum Energy Technologies Key Stats
| Share Price | $85.04 |
|---|---|
| Market Cap | $1.00B |
| Revenue YoY Growth | -3.1% |
| 52-Week Range | $26.64 – $87.37 |
| Shares Outstanding | 11.3 million (basic, 2026 Q2) |
Forum Energy Technologies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $512.5M | $541.1M | $699.9M | $738.9M | $816.4M | $791.5M |
| Cost of Goods Sold | $523.5M | $417.7M | $511.4M | $534.7M | $561.4M | $572.4M |
| Gross Profit | -$11.0M | $123.3M | $188.5M | $204.2M | $255.0M | $219.0M |
| Operating Income | -$231.6M | -$44.5M | $17.3M | $20.7M | -$86.8M | $30.1M |
| Pre-Tax Income | -$109.8M | -$82.0M | $10.3M | -$7.8M | -$128.4M | $16.6M |
| Income Tax | -$12.9M | $642,000 | $6.6M | $11.1M | $6.9M | $26.2M |
| Net Income | -$96.9M | -$82.7M | $3.7M | -$18.9M | -$135.3M | -$9.7M |
| Diluted EPS | -$17.37 | -$14.65 | $0.62 | -$1.85 | -$11.00 | -$0.81 |
Forum Energy Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $196.2M | $202.2M | $208.7M | $226.2M |
| Net Income | -$20.6M | $2.1M | $4.5M | $12.4M |
| Diluted EPS | -$1.76 | $0.17 | $0.39 | $1.05 |
Forum Energy Technologies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $128.6M | $46.9M | $51.0M | $46.2M | $44.7M | $34.7M |
| Current Assets | $490.2M | $446.7M | $512.9M | $529.6M | $495.6M | $448.9M |
| Total Assets | $889.9M | $791.3M | $834.8M | $821.1M | $816.0M | $752.5M |
| Current Liabilities | $124.9M | $175.7M | $210.3M | $204.3M | $201.9M | $206.5M |
| Total Long-Term Debt | $294.7M | $233.2M | $239.9M | $130.8M | $188.4M | $135.9M |
| Total Liabilities | $483.7M | $462.2M | $527.7M | $408.4M | $496.1M | $461.3M |
| Shareholders' Equity | $406.2M | $329.1M | $307.0M | $412.6M | $319.9M | $291.1M |
Forum Energy Technologies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.9M | -$15.8M | -$17.1M | $8.2M | $92.2M | $70.4M |
| Cash From Investing | $108.2M | $10.7M | $27.1M | -$6.6M | -$137.5M | $9.6M |
| Cash From Financing | -$41.8M | -$76.2M | -$5.1M | -$7.6M | $45.2M | -$91.6M |
| Free Cash Flow | $1.6M | -$18.2M | -$24.5M | $239,000 | $84.0M | $64.4M |
Figures from Forum Energy Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Forum Energy Technologies financials page for every line item.
Forum Energy Technologies Company Profile
| Ticker | FET |
|---|---|
| Exchange | NYSE |
| Industry | Oil & Gas Field Machinery & Equipment |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001401257 |
Frequently Asked Questions
What was Forum Energy Technologies' revenue in fiscal 2025?
Forum Energy Technologies (FET) reported revenue of $791.5M for fiscal 2025.
What is Forum Energy Technologies' annual revenue history?
Forum Energy Technologies' annual revenue by fiscal year: 2020: $512.5M; 2021: $541.1M; 2022: $699.9M; 2023: $738.9M; 2024: $816.4M; 2025: $791.5M.
What was Forum Energy Technologies' net income in fiscal 2025?
Forum Energy Technologies reported net income of -$9.7M for fiscal 2025.
What was Forum Energy Technologies' earnings per share (EPS) in fiscal 2025?
Forum Energy Technologies' diluted EPS was -$0.81 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Forum Energy Technologies generate in fiscal 2025?
Forum Energy Technologies generated $64.4M of free cash flow in fiscal 2025.
What was Forum Energy Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Forum Energy Technologies reported revenue of $226.2M.
How much debt does Forum Energy Technologies have?
Forum Energy Technologies reported $135.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Forum Energy Technologies are outstanding?
Forum Energy Technologies reported a weighted average of 11.3 million basic shares outstanding in 2026 Q2.
What is Forum Energy Technologies' market cap?
Based on its latest closing price, Forum Energy Technologies (FET) has a market capitalization of about $1.00B.
When does Forum Energy Technologies' fiscal year end?
Forum Energy Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Forum Energy Technologies headquartered?
Forum Energy Technologies lists its business address in Houston, Texas in its SEC filings.
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