What is Forum Energy Technologies' operating income?

Forum Energy Technologies' total operating income in 2025 was $30.15 million, based on the following breakdown: Total Gross Profit: $219.04 million Total Operating Expenses: $188.89 million

Forum Energy Technologies (FET) Financials

$76.92 +0.11 (+0.14%)

Closing price 11/13/2026 03:59 PM Eastern

Extended Trading

$82.10 +5.17 (+6.72%)

As of 11/13/2026 07:32 PM Eastern

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Annual Income Statements for Forum Energy Technologies

This table shows Forum Energy Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-119	-82	-59	-374	-567	-97	-83	3.71	-19	-135	-9.66
Consolidated Net Income / (Loss)	-119	-82	-59	-374	-567	-97	-83	3.71	-19	-135	-9.66
Net Income / (Loss) Continuing Operations	-119	-82	-59	-374	-567	-97	-83	3.71	-19	-135	-9.66
Total Pre-Tax Income	-134	-138	-55	-390	-569	-110	-82	10	-7.81	-128	17
Total Operating Income	-129	-131	-142	-397	-536	-232	-44	17	21	-87	30
Total Gross Profit	263	100	189	256	245	-11	123	189	204	255	219
Total Revenue	1,074	588	819	1,064	957	512	541	700	739	816	791
Operating Revenue	1,074	588	819	1,064	957	512	541	700	739	816	791
Total Cost of Revenue	811	488	630	808	712	523	418	511	535	561	572
Operating Cost of Revenue	811	488	630	808	712	523	418	511	535	561	572
Total Operating Expenses	391	231	330	653	781	221	168	171	183	342	189
Selling, General & Admin Expense	265	227	254	287	252	198	169	179	180	227	200
Other Operating Expenses / (Income)	-	-	-1.00	-0.14	0.32	-	0.00	-7.00	2.89	-4.86	-11
Impairment Charge	125	0.00	69	364	532	20	-	-	0.00	119	0.00
Other Special Charges / (Income)	0.75	2.64	2.10	-0.44	-4.55	2.53	-1.05	-1.27	0.16	0.48	-0.38
Total Other Income / (Expense), net	-5.78	-7.22	86	7.24	-33	122	-38	-6.98	-29	-42	-14
Interest Expense	30	2.98	-	-	0.00	-72	5.29	-	0.00	2.85	0.00
Interest & Investment Income	15	-26	94	-33	-30	-30	-32	-32	-18	-31	-18
Other Income / (Expense), net	9.35	21	-7.27	40	-2.67	80	-0.22	25	-10	-7.32	4.75
Income Tax Expense	-15	-56	4.12	-16	-1.81	-13	0.64	6.64	11	6.90	26
Basic Earnings per Share	($1.33)	($0.90)	($0.60)	($3.44)	($103.01)	($17.37)	($14.65)	$0.65	($1.85)	($11.00)	($0.81)
Weighted Average Basic Shares Outstanding	89.91M	91.23M	98.69M	108.77M	5.51M	5.58M	5.64M	5.75M	10.21M	12.30M	11.88M
Diluted Earnings per Share	($1.33)	($0.90)	($0.60)	($3.44)	($103.01)	($17.37)	($14.65)	$0.62	($1.85)	($11.00)	($0.81)
Weighted Average Diluted Shares Outstanding	89.91M	91.23M	98.69M	108.77M	5.51M	5.58M	5.64M	5.95M	10.21M	12.30M	11.88M
Weighted Average Basic & Diluted Shares Outstanding	89.70M	91.10M	99M	109.90M	110.51M	5.60M	5.65M	10.30M	12.28M	12.35M	11.26M

This table shows Forum Energy Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Total Costs & Expenses	-	-	-	-	-	-	-	-	-	-	54
Net Income / (Loss) Attributable to Common Shareholders	-10	-6.70	-15	-104	1.12	7.70	-21	2.07	4.49	12	11
Consolidated Net Income / (Loss)	-10	-6.70	-15	-104	1.12	7.70	-21	2.07	4.49	12	11
Net Income / (Loss) Continuing Operations	-10	-6.70	-15	-104	1.12	7.70	-21	2.07	4.49	12	11
Total Pre-Tax Income	-6.79	-4.19	-10	-107	4.89	14	-10	8.26	7.39	16	15
Total Operating Income	3.20	7.93	8.92	-107	8.80	15	-6.11	13	11	21	20
Total Gross Profit	64	63	66	62	58	59	40	61	61	71	74
Total Revenue	202	205	208	201	193	200	196	202	209	226	237
Operating Revenue	202	205	208	201	193	200	196	202	209	226	237
Total Cost of Revenue	139	142	142	139	135	140	156	141	148	155	162
Operating Cost of Revenue	139	142	142	139	135	140	156	141	148	155	162
Total Operating Expenses	61	55	57	169	50	45	46	48	50	51	54
Selling, General & Admin Expense	55	55	56	56	49	51	51	49	50	50	54
Total Other Income / (Expense), net	-9.99	-12	-19	-0.42	-3.92	-0.76	-4.37	-4.51	-3.62	-4.50	-4.78
Interest & Investment Income	-8.76	-8.66	-7.65	-6.42	-4.98	-4.71	-4.37	-4.26	-4.14	-4.27	-4.04
Other Income / (Expense), net	-1.23	-3.01	-9.63	6.52	1.07	3.94	-0.01	-0.25	0.52	-0.23	-0.72
Income Tax Expense	3.53	2.50	4.61	-3.74	3.77	6.22	10	6.19	2.90	3.60	3.95
Basic Earnings per Share	($0.85)	($0.54)	($1.20)	($8.41)	$0.09	$0.62	($1.76)	$0.24	$0.40	$1.10	$0.98
Weighted Average Basic Shares Outstanding	12.20M	12.33M	12.33M	12.30M	12.30M	12.35M	11.68M	11.88M	11.21M	11.29M	11.46M
Diluted Earnings per Share	($0.85)	($0.54)	($1.20)	($8.41)	$0.09	$0.61	($1.76)	$0.25	$0.39	$1.05	$0.93
Weighted Average Diluted Shares Outstanding	12.20M	12.33M	12.33M	12.30M	12.57M	12.55M	11.68M	11.88M	11.64M	11.77M	12.06M
Weighted Average Basic & Diluted Shares Outstanding	12.28M	12.28M	12.28M	12.35M	12.37M	11.90M	11.38M	11.26M	11.30M	11.25M	11.47M

This table details how cash moves in and out of Forum Energy Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	33	140	-127	-66	11	71	-82	4.17	-4.86	-1.50	-10
Net Cash From Operating Activities	156	65	-40	2.41	104	3.88	-16	-17	8.18	92	70
Net Cash From Continuing Operating Activities	156	65	-40	2.41	104	3.88	-16	-17	8.18	92	70
Net Income / (Loss) Continuing Operations	-119	-82	-59	-374	-567	-97	-83	3.71	-19	-135	-9.66
Consolidated Net Income / (Loss)	-119	-82	-59	-374	-567	-97	-83	3.71	-19	-135	-9.66
Depreciation Expense	38	36	34	33	31	24	17	12	11	17	14
Amortization Expense	27	26	31	41	33	27	25	25	24	37	20
Non-Cash Adjustments To Reconcile Net Income	195	44	-14	391	560	-15	31	-15	13	129	34
Changes in Operating Assets and Liabilities, net	15	41	-32	-89	48	65	-6.77	-43	-20	44	13
Net Cash From Investing Activities	-91	-11	-188	-75	28	108	11	27	-6.57	-138	9.57
Net Cash From Continuing Investing Activities	-91	-11	-188	-75	28	108	11	27	-6.57	-138	9.57
Purchase of Property, Plant & Equipment	-32	-17	-27	-24	-15	-2.25	-2.40	-7.49	-7.94	-8.15	-6.02
Acquisitions	-61	-4.07	-163	-61	-	0.00	-3.41	-0.49	0.00	-150	0.00
Sale of Property, Plant & Equipment	1.82	9.76	1.97	9.26	0.48	5.29	7.01	3.01	1.37	0.70	1.01
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	11	-	0.00	-	15
Net Cash From Financing Activities	-27	86	101	6.52	-122	-42	-76	-5.08	-7.58	45	-92
Net Cash From Continuing Financing Activities	-27	86	101	6.52	-122	-42	-76	-5.08	-7.58	45	-92
Repayment of Debt	-121	-0.86	-3.62	-213	-257	-223	-73	-544	-452	-827	-616
Repurchase of Common Equity	-6.44	-0.62	-4.74	-2.78	-1.09	-0.20	-1.41	-3.83	-6.00	0.00	-35
Issuance of Debt	95	0.00	107	222	137	182	0.00	544	452	874	562
Other Financing Activities, net	-0.01	-	-	-	-1.20	-1.18	-1.52	-1.25	-1.28	-2.41	-2.93
Effect of Exchange Rate Changes	-5.00	-	-	-	0.58	0.34	-0.44	-0.84	1.11	-1.41	1.60
Cash Interest Paid	28	26	26	30	32	24	27	25	17	27	17
Cash Income Taxes Paid	20	-6.27	-29	5.56	3.92	-14	2.44	-0.38	8.80	23	26

This table details how cash moves in and out of Forum Energy Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Change in Cash & Equivalents	2.32	-17	1.49	11	-14	7.82	-7.27	2.97	2.83	-3.77	1.45
Net Cash From Operating Activities	5.02	23	26	39	9.33	16	23	22	1.63	12	32
Net Cash From Continuing Operating Activities	5.02	23	26	39	9.33	16	23	22	1.63	12	32
Net Income / (Loss) Continuing Operations	-10	-6.70	-15	-104	1.12	7.70	-21	2.07	4.49	12	11
Consolidated Net Income / (Loss)	-10	-6.70	-15	-104	1.12	7.70	-21	2.07	4.49	12	11
Depreciation Expense	4.07	4.15	4.44	4.24	3.69	3.61	3.24	3.27	3.19	2.93	2.80
Amortization Expense	9.77	9.88	9.25	7.93	5.29	5.46	4.62	4.57	4.62	4.60	4.44
Non-Cash Adjustments To Reconcile Net Income	2.40	3.01	5.78	118	3.37	1.10	15	15	-2.44	7.28	9.48
Changes in Operating Assets and Liabilities, net	-0.90	13	21	12	-4.14	-2.10	21	-2.06	-8.23	-15	4.08
Net Cash From Investing Activities	-153	-1.66	-1.43	18	-2.10	7.12	5.26	-0.72	-0.25	-2.78	-14
Net Cash From Continuing Investing Activities	-153	-1.66	-1.43	18	-2.10	7.12	5.26	-0.72	-0.25	-2.78	-14
Purchase of Property, Plant & Equipment	-2.91	-1.50	-1.33	-2.41	-2.11	-0.95	-1.39	-1.56	-0.26	-2.93	-1.72
Sale of Property, Plant & Equipment	0.18	-0.16	0.22	0.47	0.01	0.04	0.11	0.84	0.00	0.16	0.02
Net Cash From Financing Activities	152	-37	-25	-44	-21	-16	-35	-19	1.85	-13	-17
Net Cash From Continuing Financing Activities	152	-37	-25	-44	-21	-16	-35	-19	1.85	-13	-17
Repayment of Debt	-92	-178	-266	-291	-149	-151	-147	-169	-122	-137	-170
Repurchase of Common Equity	0.00	-	-	-	-2.00	-4.30	-15	-13	-4.57	-3.00	-1.40
Issuance of Debt	245	141	242	246	132	139	127	164	138	127	155
Other Financing Activities, net	-1.24	-0.25	-1.74	0.82	-1.78	-0.28	-0.68	-0.20	-9.69	-0.40	-0.54
Effect of Exchange Rate Changes	-1.72	-1.12	2.80	-1.36	0.27	1.21	-0.32	0.44	-0.40	-0.00	-0.15
Cash Interest Paid	1.76	12	6.11	-	1.94	7.08	1.66	6.26	1.09	6.49	0.97
Cash Income Taxes Paid	7.05	6.86	4.85	-	1.59	9.74	11	3.93	7.82	4.85	4.69

This table presents Forum Energy Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,886	1,835	2,195	1,830	1,160	890	791	835	821	816	752
Total Current Assets	718	750	790	766	666	490	447	513	530	496	449
Cash & Equivalents	109	234	115	47	58	129	47	51	46	45	35
Accounts Receivable	151	114	203	206	154	81	124	154	147	154	142
Inventories, net	424	339	443	479	415	252	242	270	300	265	239
Prepaid Expenses	34	29	19	24	34	19	24	22	22	19	23
Other Current Assets	-	-	9.58	10	5.36	10	11	16	15	12	9.39
Plant, Property, & Equipment, net	187	152	197	0.00	0.00	114	94	63	61	63	52
Total Noncurrent Assets	982	933	1,208	1,064	494	286	251	259	230	257	252
Goodwill	669	653	755	470	-	-	-	-	0.00	62	65
Intangible Assets	247	216	443	359	272	240	217	191	168	109	94
Noncurrent Deferred & Refundable Income Taxes	0.78	0.85	3.34	1.23	0.65	0.10	0.20	0.18	0.37	11	7.89
Other Noncurrent Operating Assets	3.25	3.00	3.01	187	220	45	32	66	61	72	84
Other Noncurrent Nonoperating Assets	4.13	1.11	2.90	2.07	1.24	0.25	1.48	1.17	1.16	2.15	1.58
Total Liabilities & Shareholders' Equity	1,886	1,835	2,195	1,830	1,160	890	791	835	821	816	752
Total Liabilities	629	599	786	800	674	484	462	528	408	496	461
Total Current Liabilities	152	142	216	237	197	125	176	210	204	202	207
Short-Term Debt	0.25	0.12	1.16	1.17	0.72	1.32	0.86	0.78	1.19	1.87	1.41
Accounts Payable	77	74	138	143	99	46	99	118	126	110	95
Accrued Expenses	59	56	67	81	87	68	58	77	62	77	76
Current Deferred Revenue	16	12	8.82	8.34	4.88	7.86	7.28	14	11	8.58	17
Other Current Liabilities	-	-	1.88	3.21	5.91	1.82	9.71	0.31	4.22	4.52	17
Total Noncurrent Liabilities	477	458	570	563	477	359	287	317	204	294	255
Long-Term Debt	396	397	507	518	399	293	232	239	130	187	135
Noncurrent Deferred & Payable Income Tax Liabilities	51	26	31	15	2.47	1.95	0.83	0.90	0.94	24	20
Other Noncurrent Operating Liabilities	30	35	32	30	76	63	53	77	74	84	100
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,257	1,236	1,409	1,030	486	406	329	307	413	320	291
Total Preferred & Common Equity	1,257	1,235	1,409	1,030	486	406	329	307	413	320	291
Total Common Equity	1,257	1,235	1,409	1,030	486	406	329	307	413	320	291
Common Stock	892	999	1,197	1,216	1,233	1,243	1,250	1,254	1,369	1,420	1,428
Retained Earnings	580	498	439	64	-503	-602	-684	-681	-699	-835	-844
Treasury Stock	-133	-134	-134	-134	-134	-134	-136	-139	-142	-142	-177
Accumulated Other Comprehensive Income / (Loss)	-82	-128	-92	-115	-109	-100	-101	-127	-115	-123	-115

This table presents Forum Energy Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026	9/30/2026
Total Assets	844	829	1,021	977	974	790	810	770	763	771	808
Total Current Assets	538	531	547	521	524	479	488	459	464	484	499
Cash & Equivalents	25	37	48	32	33	31	39	32	37	34	35
Accounts Receivable	169	158	162	164	163	154	155	147	155	174	178
Inventories, net	302	302	303	291	287	264	260	248	236	233	245
Prepaid Expenses	28	25	21	20	23	18	19	16	22	26	25
Other Current Assets	13	9.21	12	14	18	12	15	16	13	16	15
Plant, Property, & Equipment, net	62	61	88	85	83	62	58	52	50	48	46
Total Noncurrent Assets	244	236	387	370	367	250	264	259	249	239	263
Goodwill	-	-	63	63	66	62	65	64	64	63	77
Intangible Assets	180	173	261	250	242	104	104	97	88	82	93
Noncurrent Deferred & Refundable Income Taxes	0.92	0.37	0.13	0.13	0.15	12	13	11	7.73	7.88	7.82
Other Noncurrent Operating Assets	62	62	60	55	56	70	81	84	87	84	83
Other Noncurrent Nonoperating Assets	1.01	0.93	2.59	2.44	2.30	2.01	1.87	1.72	3.09	2.93	2.77
Total Liabilities & Shareholders' Equity	844	829	1,021	977	974	790	810	770	763	771	808
Total Liabilities	424	412	575	535	530	470	476	473	482	481	490
Total Current Liabilities	210	208	193	194	271	195	202	210	209	221	244
Short-Term Debt	1.05	1.08	5.15	6.52	69	1.83	1.66	1.44	1.38	1.27	1.13
Accounts Payable	137	124	108	111	117	107	106	114	115	119	133
Accrued Expenses	58	64	65	62	71	71	70	69	64	67	82
Current Deferred Revenue	12	14	10	10	9.15	9.03	12	14	17	15	11
Other Current Liabilities	2.91	4.74	4.48	4.21	4.75	5.79	12	11	11	18	17
Total Noncurrent Liabilities	214	203	382	341	259	275	274	263	274	260	246
Long-Term Debt	138	129	282	246	162	170	158	139	152	142	127
Noncurrent Deferred & Payable Income Tax Liabilities	1.94	0.90	28	27	28	23	22	21	19	18	18
Other Noncurrent Operating Liabilities	74	74	72	68	69	83	94	104	102	100	102
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	419	417	446	442	444	320	334	297	281	290	318
Total Preferred & Common Equity	419	417	446	442	444	320	334	297	281	290	318
Total Common Equity	419	417	446	442	444	320	334	297	281	290	318
Common Stock	1,368	1,368	1,414	1,416	1,418	1,420	1,422	1,425	1,421	1,424	1,442
Retained Earnings	-691	-683	-710	-716	-731	-834	-826	-847	-840	-828	-816
Treasury Stock	-142	-142	-142	-142	-142	-144	-148	-163	-181	-184	-186
Accumulated Other Comprehensive Income / (Loss)	-116	-126	-116	-115	-101	-123	-114	-118	-119	-122	-122

This table displays calculated financial ratios and metrics derived from Forum Energy Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	90,411,485.00	91,424,555.00	108,096,622.00	109,166,939.00	110,464,461.00	111,519,107.00	5,680,422.00	5,731,469.00	10,192,978.00	-	11,377,958.00
DEI Adjusted Shares Outstanding	4,520,574.00	4,571,228.00	5,404,831.00	5,458,347.00	5,523,223.00	5,575,955.00	5,680,422.00	5,731,469.00	10,192,978.00	-	11,377,958.00
DEI Earnings Per Adjusted Shares Outstanding	-26.40	-17.93	-10.99	-68.53	-102.67	-17.38	-14.55	0.65	-1.85	-	-0.85
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-90	-92	-99	-278	-375	-162	-31	6.21	15	-61	-18
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	2.67%	-11.95%	-4.11%
Earnings before Interest and Taxes (EBIT)	-119	-109	-149	-357	-539	-152	-45	42	10	-94	35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-54	-48	-84	-283	-476	-101	-2.53	79	45	-40	69
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	113	53	-560	66	253	92	27	25	13	-26	53
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,483	1,338	1,799	1,455	826	572	514	495	496	461	391
Increase / (Decrease) in Invested Capital	-203	-145	461	-344	-628	-254	-58	-19	1.31	-35	-71
Book Value per Share	$13.90	$13.51	$13.03	$9.44	$4.40	$3.64	$57.94	$53.57	$40.48	$26.04	$25.59
Tangible Book Value per Share	$3.78	$4.00	$1.95	$1.85	$1.93	$1.49	$19.67	$20.16	$24.00	$12.13	$11.68
Total Capital	1,654	1,633	1,917	1,549	886	701	562	547	543	508	427
Total Debt	396	397	508	519	400	295	233	240	131	188	136
Total Long-Term Debt	396	397	507	518	399	293	232	239	130	187	135
Net Debt	229	103	393	426	342	166	186	189	85	144	101
Capital Expenditures (CapEx)	30	7.07	25	15	15	-3.05	-4.61	4.49	6.57	7.44	5.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	457	374	460	483	412	238	225	252	280	251	209
Debt-free Net Working Capital (DFNWC)	567	608	575	530	470	367	272	303	326	296	244
Net Working Capital (NWC)	566	608	574	529	469	365	271	303	325	294	242
Net Nonoperating Expense (NNE)	29	-9.60	-40	96	192	-65	52	2.50	33	75	-7.90
Net Nonoperating Obligations (NNO)	225	102	390	424	340	166	185	188	83	142	100
Total Depreciation and Amortization (D&A)	66	62	65	75	63	51	42	37	35	54	34
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($26.60)	($18.00)	($12.00)	($68.80)	($103.00)	($17.37)	($14.65)	$0.65	($1.85)	($11.00)	($0.81)
Adjusted Weighted Average Basic Shares Outstanding	4.50M	4.56M	4.93M	5.44M	5.51M	5.58M	5.64M	5.75M	10.21M	12.30M	11.88M
Adjusted Diluted Earnings per Share	($26.60)	($18.00)	($12.00)	($68.80)	($103.00)	($17.37)	($14.65)	$0.62	($1.85)	($11.00)	($0.81)
Adjusted Weighted Average Diluted Shares Outstanding	4.50M	4.56M	4.93M	5.44M	5.51M	5.58M	5.64M	5.95M	10.21M	12.30M	11.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.54M	4.80M	5.43M	5.49M	5.53M	5.60M	5.65M	10.30M	12.28M	12.35M	11.26M
Normalized Net Operating Profit after Tax (NOPAT)	-1.56	-89	-45	-21	-5.04	-146	-32	11	15	23	21
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Forum Energy Technologies' official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
DEI Shares Outstanding	12,283,670.00	12,283,670.00	12,283,670.00	-	12,349,129.00	12,369,625.00	11,903,276.00	11,377,958.00	11,256,150.00	11,304,286.00	11,246,295.00
DEI Adjusted Shares Outstanding	12,283,670.00	12,283,670.00	12,283,670.00	-	12,349,129.00	12,369,625.00	11,903,276.00	11,377,958.00	11,256,150.00	11,304,286.00	11,246,295.00
DEI Earnings Per Adjusted Shares Outstanding	-0.84	-0.55	-1.21	-	0.09	0.62	-1.73	0.18	0.40	1.10	1.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.11%	10.66%	15.93%	8.54%	-4.50%	-2.65%	-5.57%	-	7.98%	13.24%	20.68%
EBITDA Growth	26.84%	124.23%	-43.29%	-6,319.83%	19.20%	46.11%	-86.52%	-	2.56%	0.40%	1,415.27%
EBIT Growth	-49.14%	17,093.10%	-105.13%	-1,270.73%	400.35%	277.94%	-755.24%	-	16.77%	8.89%	414.73%
NOPAT Growth	-53.29%	23.83%	30.45%	-6,077.45%	-9.80%	46.25%	-168.48%	-	231.21%	95.66%	445.40%
Net Income Growth	-195.90%	-1.78%	-285.91%	-516.81%	110.88%	214.99%	-38.74%	-	300.36%	61.13%	154.64%
EPS Growth	-150.00%	15.63%	-255.84%	-412.80%	110.59%	212.96%	-46.67%	-	333.33%	72.13%	152.84%
Operating Cash Flow Growth	121.72%	462.25%	-3.07%	242.06%	85.67%	-31.57%	-10.69%	-	-82.55%	-21.20%	40.08%
Free Cash Flow Firm Growth	-1,674.37%	-661.22%	-584.24%	-65,670.70%	242.92%	276.12%	285.69%	-	-68.57%	-66.78%	-95.37%
Invested Capital Growth	30.77%	24.08%	25.72%	-6.97%	-32.86%	-31.47%	-36.84%	-	-14.06%	-12.34%	1.00%
Revenue Q/Q Growth	9.28%	1.39%	1.27%	-3.27%	-3.85%	3.36%	-1.77%	-	3.21%	8.39%	4.68%
EBITDA Q/Q Growth	1,015.81%	19.91%	-31.58%	-779.42%	121.38%	46.98%	-93.69%	-	-5.05%	43.89%	-4.77%
EBIT Q/Q Growth	126.96%	149.77%	-114.51%	-13,927.41%	109.84%	88.66%	-132.83%	-	-7.90%	75.93%	-5.10%
NOPAT Q/Q Growth	79.07%	147.94%	12.38%	-1,298.04%	102.70%	302.02%	-152.62%	-	108.98%	137.49%	-7.11%
Net Income Q/Q Growth	38.53%	35.08%	-121.25%	-598.62%	101.08%	586.27%	-366.94%	-	116.80%	176.20%	-9.49%
EPS Q/Q Growth	48.17%	36.47%	-122.22%	-600.83%	101.07%	577.78%	-388.52%	-	56.00%	169.23%	-11.43%
Operating Cash Flow Q/Q Growth	-55.39%	358.89%	11.07%	50.44%	-75.79%	69.13%	44.97%	-	-92.75%	663.92%	157.71%
Free Cash Flow Firm Q/Q Growth	-259,083.31%	22.55%	-1.56%	67.74%	663.22%	-4.57%	7.09%	-	-3.68%	0.88%	-85.07%
Invested Capital Q/Q Growth	37.60%	-3.22%	-3.20%	-27.83%	-0.70%	-1.21%	-10.79%	-	0.77%	0.77%	2.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.50%	30.74%	31.63%	31.07%	30.20%	29.71%	20.50%	-	29.22%	31.54%	31.42%
EBITDA Margin	7.81%	9.24%	6.24%	-43.84%	9.75%	13.87%	0.89%	-	9.26%	12.29%	11.18%
Operating Margin	1.58%	3.87%	4.29%	-53.14%	4.56%	7.35%	-3.11%	-	5.27%	9.07%	8.43%
EBIT Margin	0.97%	2.40%	-0.34%	-49.89%	5.11%	9.32%	-3.12%	-	5.52%	8.97%	8.13%
Profit (Net Income) Margin	-5.10%	-3.26%	-7.13%	-51.49%	0.58%	3.85%	-10.47%	-	2.15%	5.48%	4.74%
Tax Burden Percent	151.98%	159.66%	145.19%	96.51%	22.95%	55.32%	196.13%	-	60.81%	77.50%	73.96%
Interest Burden Percent	-343.99%	-85.11%	1,427.13%	106.92%	49.52%	74.73%	171.38%	-	64.08%	78.94%	78.89%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	77.05%	44.68%	0.00%	-	39.19%	22.50%	26.04%
Return on Invested Capital (ROIC)	1.38%	3.50%	4.19%	-63.43%	1.48%	5.86%	-3.30%	-	6.07%	13.78%	13.42%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.97%	-3.88%	-10.46%	-88.97%	1.00%	5.61%	-14.06%	-	4.32%	10.69%	9.82%
Return on Net Nonoperating Assets (RNNOA)	-2.36%	-1.50%	-3.49%	-27.33%	0.49%	2.43%	-5.74%	-	1.81%	3.86%	3.13%
Return on Equity (ROE)	-0.98%	2.01%	0.69%	-90.76%	1.97%	8.29%	-9.04%	-	7.88%	17.65%	16.56%
Cash Return on Invested Capital (CROIC)	-24.68%	-19.31%	-20.12%	-5.46%	29.36%	27.99%	33.16%	-	12.62%	12.48%	9.21%
Operating Return on Assets (OROA)	0.78%	2.04%	-0.31%	-49.77%	4.55%	8.37%	-2.82%	-	5.74%	9.45%	9.00%
Return on Assets (ROA)	-4.10%	-2.77%	-6.33%	-51.36%	0.52%	3.46%	-9.49%	-	2.24%	5.78%	5.25%
Return on Common Equity (ROCE)	-0.98%	2.01%	0.69%	-90.76%	1.97%	8.29%	-9.04%	-	7.88%	17.65%	16.56%
Return on Equity Simple (ROE_SIMPLE)	-5.76%	0.00%	0.00%	0.00%	-38.71%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2.24	5.55	6.24	-75	2.02	8.12	-4.27	3.20	6.69	16	15
NOPAT Margin	1.11%	2.71%	3.00%	-37.20%	1.05%	4.07%	-2.18%	-	3.21%	7.03%	6.23%
Net Nonoperating Expense Percent (NNEP)	7.35%	7.39%	14.65%	25.54%	0.48%	0.25%	10.76%	-	1.75%	3.09%	3.60%
Return On Investment Capital (ROIC_SIMPLE)	0.31%	0.80%	0.92%	-14.71%	0.41%	1.65%	-0.98%	0.75%	1.54%	3.67%	3.31%
Cost of Revenue to Revenue	68.50%	69.26%	68.37%	68.93%	69.80%	70.29%	79.50%	-	70.78%	68.46%	68.58%
SG&A Expenses to Revenue	27.01%	26.76%	27.11%	28.08%	25.55%	25.71%	25.71%	-	23.96%	22.27%	23.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.92%	26.87%	27.34%	84.20%	25.64%	22.36%	23.62%	-	23.95%	22.48%	23.00%
Earnings before Interest and Taxes (EBIT)	1.97	4.93	-0.72	-100	9.87	19	-6.12	13	12	20	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	19	13	-88	19	28	1.75	20	19	28	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.55	0.47	0.43	0.59	0.78	0.72	1.07	-	2.35	1.96	2.86
Price to Tangible Book Value (P/TBV)	2.02	1.60	1.40	1.28	1.61	1.46	2.33	-	5.12	3.91	6.15
Price to Revenue (P/Rev)	0.33	0.27	0.24	0.23	0.31	0.30	0.40	-	0.82	0.68	1.04
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	30.14
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	3.32%
Enterprise Value to Invested Capital (EV/IC)	0.71	0.65	0.61	0.72	0.85	0.80	1.06	-	1.97	1.71	2.46
Enterprise Value to Revenue (EV/Rev)	0.64	0.55	0.48	0.41	0.48	0.45	0.54	-	0.96	0.81	1.15
Enterprise Value to EBITDA (EV/EBITDA)	9.98	7.25	7.90	0.00	0.00	0.00	0.00	-	11.23	9.79	10.67
Enterprise Value to EBIT (EV/EBIT)	56.48	31.63	0.00	0.00	0.00	0.00	0.00	-	21.24	17.74	15.78
Enterprise Value to NOPAT (EV/NOPAT)	40.55	32.90	25.39	0.00	0.00	0.00	0.00	-	0.00	0.00	24.21
Enterprise Value to Operating Cash Flow (EV/OCF)	13.33	6.51	5.98	3.62	4.03	4.05	4.93	-	12.38	11.42	14.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	2.32	2.32	2.46	-	14.44	12.79	26.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.57	0.52	0.59	0.54	0.48	0.47	-	0.55	0.50	0.40
Long-Term Debt to Equity	0.63	0.56	0.37	0.58	0.53	0.47	0.47	-	0.54	0.49	0.40
Financial Leverage	0.40	0.39	0.33	0.31	0.49	0.43	0.41	-	0.42	0.36	0.32
Leverage Ratio	2.17	2.11	2.09	2.23	2.36	2.30	2.35	-	2.59	2.53	2.56
Compound Leverage Factor	-7.46	-1.80	29.89	2.39	1.17	1.72	4.03	-	1.66	2.00	2.02
Debt to Total Capital	39.18%	36.39%	34.30%	37.06%	34.87%	32.28%	32.01%	-	35.39%	33.15%	28.64%
Short-Term Debt to Total Capital	0.70%	0.94%	10.28%	0.37%	0.37%	0.34%	0.33%	-	0.32%	0.29%	0.25%
Long-Term Debt to Total Capital	38.48%	35.45%	24.02%	36.70%	34.50%	31.95%	31.68%	-	35.07%	32.86%	28.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.82%	63.61%	65.70%	62.94%	65.13%	67.72%	67.99%	-	64.61%	66.85%	71.36%
Debt to EBITDA	5.92	4.28	4.71	-4.67	-4.59	-5.57	-3.52	-	2.22	2.08	1.36
Net Debt to EBITDA	4.92	3.74	4.03	-3.56	-3.76	-4.21	-2.72	-	1.68	1.59	0.98
Long-Term Debt to EBITDA	5.81	4.17	3.30	-4.62	-4.54	-5.52	-3.48	-	2.20	2.06	1.35
Debt to NOPAT	24.06	19.43	15.15	-3.10	-3.02	-3.06	-2.24	-	-14.42	-50.36	3.08
Net Debt to NOPAT	20.00	16.98	12.97	-2.37	-2.47	-2.31	-1.73	-	-10.90	-38.55	2.23
Long-Term Debt to NOPAT	23.63	18.93	10.61	-3.07	-2.98	-3.03	-2.21	-	-14.29	-49.92	3.06
Altman Z-Score	0.44	0.41	0.29	-0.18	0.33	0.36	0.25	-	0.79	0.78	1.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.83	2.69	1.93	2.46	2.46	2.41	2.19	-	2.23	2.19	2.04
Quick Ratio	1.09	1.01	0.72	0.98	0.95	0.96	0.85	-	0.93	0.94	0.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-158	-123	-125	-40	226	216	231	74	71	72	11
Operating Cash Flow to CapEx	183.79%	1,391.07%	2,308.57%	1,982.30%	444.94%	1,737.11%	1,778.07%	-	643.08%	447.57%	1,886.40%
Free Cash Flow to Firm to Interest Expense	0.00	-264.89	-67.73	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	49.78	13.92	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	46.21	13.32	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.85	0.89	1.00	0.89	0.90	0.91	-	1.04	1.05	1.11
Accounts Receivable Turnover	4.62	4.63	4.99	5.43	5.12	5.02	5.10	-	5.22	5.07	5.37
Inventory Turnover	1.82	1.83	1.90	1.99	1.97	2.02	2.13	-	2.34	2.43	2.46
Fixed Asset Turnover	10.01	10.47	11.06	13.08	10.80	11.21	11.65	-	14.48	15.73	17.76
Accounts Payable Turnover	4.50	4.40	4.63	4.77	5.18	5.12	4.94	-	5.28	5.33	4.92
Days Sales Outstanding (DSO)	79.09	78.78	73.15	67.21	71.32	72.67	71.59	-	69.89	72.05	67.91
Days Inventory Outstanding (DIO)	200.91	198.95	192.61	183.71	185.42	180.91	171.39	-	155.93	150.19	148.54
Days Payable Outstanding (DPO)	81.03	83.02	78.88	76.58	70.42	71.31	73.94	-	69.12	68.44	74.16
Cash Conversion Cycle (CCC)	198.97	194.72	186.88	174.35	186.32	182.27	169.04	-	156.70	153.80	142.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	683	661	639	461	458	453	404	391	394	397	408
Invested Capital Turnover	1.25	1.29	1.39	1.71	1.42	1.44	1.51	-	1.89	1.96	2.15
Increase / (Decrease) in Invested Capital	161	128	131	-35	-224	-208	-236	-71	-64	-56	4.05
Enterprise Value (EV)	484	428	388	334	389	361	426	-	777	678	1,003
Market Capitalization	245	207	190	190	248	241	318	-	660	568	910
Book Value per Share	$36.32	$35.98	$36.11	$26.04	$25.92	$27.02	$24.98	$25.59	$24.94	$25.63	$28.29
Tangible Book Value per Share	$9.90	$10.54	$11.04	$12.13	$12.49	$13.36	$11.45	$11.68	$11.46	$12.84	$13.17
Total Capital	734	695	675	508	491	494	437	427	434	433	446
Total Debt	287	253	232	188	171	159	140	136	154	144	128
Total Long-Term Debt	282	246	162	187	170	158	139	135	152	142	127
Net Debt	239	221	198	144	140	120	108	101	116	110	93
Capital Expenditures (CapEx)	2.73	1.66	1.11	1.94	2.10	0.91	1.29	0.72	0.25	2.78	1.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	310	302	289	251	255	248	219	209	220	231	220
Debt-free Net Working Capital (DFNWC)	359	334	322	296	286	287	251	244	257	264	256
Net Working Capital (NWC)	354	327	253	294	284	285	250	242	256	263	254
Net Nonoperating Expense (NNE)	13	12	21	29	0.90	0.42	16	1.13	2.20	3.49	3.53
Net Nonoperating Obligations (NNO)	236	219	196	142	138	118	107	100	113	107	90
Total Depreciation and Amortization (D&A)	14	14	14	12	8.98	9.08	7.86	7.84	7.80	7.53	7.24
Debt-free, Cash-free Net Working Capital to Revenue	41.25%	39.11%	36.07%	30.74%	31.53%	30.95%	27.76%	-	27.22%	27.66%	25.22%
Debt-free Net Working Capital to Revenue	47.70%	43.23%	40.23%	36.21%	35.39%	35.81%	31.77%	-	31.86%	31.71%	29.25%
Net Working Capital to Revenue	47.01%	42.39%	31.56%	35.98%	35.16%	35.60%	31.59%	-	31.69%	31.55%	29.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.85)	($0.54)	($1.20)	($8.41)	$0.09	$0.62	($1.76)	$0.24	$0.40	$1.10	$0.98
Adjusted Weighted Average Basic Shares Outstanding	12.20M	12.33M	12.33M	12.30M	12.30M	12.35M	11.68M	11.88M	11.21M	11.29M	11.46M
Adjusted Diluted Earnings per Share	($0.85)	($0.54)	($1.20)	($8.41)	$0.09	$0.61	($1.76)	$0.25	$0.39	$1.05	$0.93
Adjusted Weighted Average Diluted Shares Outstanding	12.20M	12.33M	12.33M	12.30M	12.57M	12.55M	11.68M	11.88M	11.64M	11.77M	12.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.28M	12.28M	12.28M	12.35M	12.37M	11.90M	11.38M	11.26M	11.30M	11.25M	11.47M
Normalized Net Operating Profit after Tax (NOPAT)	2.22	5.71	6.18	-75	6.25	8.24	-4.33	8.50	6.59	16	15
Normalized NOPAT Margin	1.10%	2.78%	2.97%	-37.20%	3.23%	4.12%	-2.21%	-	3.16%	7.18%	6.23%
Pre Tax Income Margin	-3.35%	-2.04%	-4.91%	-53.35%	2.53%	6.97%	-5.34%	-	3.54%	7.08%	6.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	10.64	-0.39	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	12.00	3.39	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	7.06	-0.99	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	8.42	2.79	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Augmented Payout Ratio	-9.72%	-9.68%	-5.14%	0.00%	-1.61%	-5.75%	-18.33%	-	-591.16%	-2,266.84%	74.35%

Financials Breakdown Chart

Key Financial Trends

Forum Energy Technologies’ Q2 2026 results show continued improvement in revenue, profitability and earnings compared with the same quarter last year. Revenue increased to $226.2 million from $199.8 million, while gross profit rose 20.2% to $71.4 million. Gross margin improved to approximately 31.5%, compared with 29.7% in Q2 2025.

Operating income increased to $20.5 million from $14.7 million, and net income attributable to common shareholders rose to $12.4 million from $7.7 million. Diluted EPS increased to $1.05 from $0.61. For the first half of 2026, revenue was approximately $434.9 million and net income was $16.9 million, compared with $393.0 million and $8.8 million, respectively, in the first half of 2025.

Liquidity and leverage remain important areas for investors to monitor. Forum generated $12.4 million in operating cash flow during Q2, but working-capital changes reduced cash flow by $14.8 million. The company ended the quarter with $33.7 million of cash, $144.0 million of total debt and $289.8 million of equity. Although reported debt has declined substantially from 2024 levels, the balance sheet continues to carry significant inventory, accumulated losses and intangible assets.

Revenue momentum: Q2 2026 revenue grew approximately 13% year over year and 8% sequentially from Q1 2026.
Improving margins: Gross margin expanded to approximately 31.5% in Q2 2026 from 29.7% in Q2 2025, while operating margin increased to about 9.1% from 7.4%.
Stronger earnings: Q2 net income increased approximately 61% year over year, and diluted EPS rose from $0.61 to $1.05.
Better first-half performance: First-half 2026 net income was nearly double the comparable 2025 amount, indicating that the improvement was not limited to one quarter.
Positive operating cash flow: The company generated $12.4 million of operating cash flow in Q2 and approximately $14.1 million in the first half, with capital expenditures of about $3.2 million for the half.
Lower debt than in prior years: Total reported debt of approximately $143.7 million at Q2 2026 was down from roughly $253 million at Q2 2024 and $160.5 million at Q1 2026.
Share-count reduction: Basic weighted-average shares declined to 11.29 million in Q2 2026 from 12.35 million in Q2 2025, which can support per-share results when profitability improves.
Working-capital dependence: Accounts receivable and inventory totaled approximately $407.4 million, meaning a substantial amount of capital remains tied up in operations.
Cash declined during Q2: Cash fell from $37.5 million at Q1 2026 to $33.7 million at Q2 2026 despite positive operating cash flow, primarily because of net financing outflows and investment spending.
Balance-sheet quality remains a concern: Equity was $289.8 million, below $334.2 million a year earlier, while retained earnings remained negative at approximately $827.6 million. Inventory represented nearly half of current assets, and goodwill plus intangible assets totaled about $144.6 million.

11/14/26 04:18 AM ETAI Generated. May Contain Errors.

Forum Energy Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Forum Energy Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Forum Energy Technologies' net income appears to be on an upward trend, with a most recent value of -$9.66 million in 2025, rising from -$119.38 million in 2015. The previous period was -$135.33 million in 2024. See Forum Energy Technologies' forecast for analyst expectations on what's next for the company.

Forum Energy Technologies' total operating income in 2025 was $30.15 million, based on the following breakdown:

Total Gross Profit: $219.04 million
Total Operating Expenses: $188.89 million

Over the last 10 years, Forum Energy Technologies' total revenue changed from $1.07 billion in 2015 to $791.47 million in 2025, a change of -26.3%.

In the past 13 quarters, Forum Energy Technologies' cash and equivalents has ranged from $24.76 million in Q2 2023 to $48.49 million in Q1 2024, and is currently $35.17 million as of their latest financial filing in Q3 2026.

Forum Energy Technologies had total debt of $135.93 million at the end of 2025, a 27.8% decrease from 2024, and a 65.7% decrease since 2015.

Over the last 10 years, Forum Energy Technologies' book value per share changed from 13.90 in 2015 to 25.59 in 2025, a change of 84.0%.

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Financial statements for NYSE:FET last updated on 10/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Forum Energy Technologies (FET) Financials

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Forum Energy Technologies (FET) Financials

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