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Forum Energy Technologies, Inc. FET

Energy — Oil & Gas Equipment & Services

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Insider Decisions

Total sells
2.98
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — 1 — — 5 —
Insider Ownership
7.97%

Capital & Financial Ratios

Market Cap
944.09
Revenue
833.35
Net Income
(1.58)
Free Cash Flow
54.33
Net Debt
109.99
Current Ratio
2.19
Debt/Equity
0.50
P/E ratio
0.00
P/S ratio
1.11
P/B ratio
3.20
Past 5Y EPS Growth
36.07%
This Y EPS Growth
536.51%
Next Y EPS Growth
23.69%
Next 5Y EPS Growth
—
in millions of $

Dividends

Payout Ratio
0.00
Annual Dividend Rate
—
Annual Dividend Yield
—
total individual payouts
2022 ‡‡‡
2021 ‡‡‡
2020 ‡‡‡
2019 ‡‡‡
2017 ‡‡‡
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 46.17 44.66 34.66 33.72
Receivables 146.75 153.93 142.40 173.96
Inventory 299.64 265.49 239.42 233.47
Other 15.17 12.38 9.39 16.28
529.60 495.64 448.88 483.52
2023 2024 2025 Q'26
Payables 125.92 109.65 94.56 118.80
ST’ Debt 1.19 1.87 1.41 1.27
Other 4.22 4.52 16.88 17.67
204.34 201.86 206.53 220.56
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡
Earnings ‡‡‡ ‡‡‡ ‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 208.70 226.22 — —
—
’25 193.28 199.76 196.23 202.20
791.47
’24 202.39 205.21 207.81 201.02
816.43
’23 188.96 185.45 179.25 185.21
738.86
’22 155.17 172.25 181.84 190.66
699.91
’21 114.52 137.42 140.98 148.15
541.07
’20 182.63 113.28 103.61 112.96
512.48
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 1.63 12.43 — —
—
’25 9.33 15.77 22.87 22.44
70.40
’24 5.02 23.05 25.60 38.52
92.19
’23 (23.13) (6.36) 26.41 11.26
8.18
’22 (24.87) (25.68) 18.43 15.08
(17.05)
’21 (1.34) 3.69 (10.46) (7.67)
(15.77)
’20 1.57 (3.64) 3.78 2.18
3.88
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 1.37 9.65 — —
—
’25 7.23 14.87 21.58 21.72
65.39
’24 2.29 21.39 24.49 36.57
84.75
’23 (23.95) (7.25) 23.96 8.84
1.61
’22 (25.62) (25.90) 17.28 12.70
(21.54)
’21 (0.23) 3.99 (6.03) (17.18)
(19.46)
’20 0.65 (2.92) 5.40 3.81
6.93
in millions of $

EPS

Mar Jun Sep Dec Year
’26 0.39 1.05 — —
—
’25 0.09 0.61 (1.76) 0.17
(0.81)
’24 (0.85) (0.54) (1.20) (8.39)
(11.00)
’23 (0.34) (0.64) 0.77 (1.64)
(1.85)
’22 (1.62) 1.15 1.82 (2.22)
0.62
’21 (5.28) (3.87) (2.05) (3.46)
(14.65)
’20 (6.60) (1.00) (3.80) (5.85)
(17.37)

Target Price Range

High
‡‡‡‡‡
‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

3.4
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡ ‡‡‡‡‡ 16.41 19.31 12.83 12.78 — — —
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 32.00 33.84 23.21 38.45 — — —
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,500 1,600 1,800 1,700 — — —
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.47 0.46 0.45 0.47 — — —
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 699.91 738.86 816.43 791.47 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 26.94% 27.63% 31.24% 27.67% — — —
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 10.35 (7.81) (128.43) 16.59 ‡‡‡‡‡ — —
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.48% (1.06%) (15.73%) 2.10% ‡‡‡ ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.71 (18.88) (135.33) (9.66) ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 36.98 34.73 53.72 33.76 — — —
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 121.79 72.35 66.38 66.61 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.65 (1.85) (11.00) (0.81) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (2.97) 0.80 7.50 5.92 — — —
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.78) (0.64) (0.61) (0.42) ‡‡‡ ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (3.75) 0.16 6.89 5.50 — — —
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 53.43 40.41 26.01 24.50 — — —
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.75 10.21 12.30 11.88 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ 43.75 0.00 0.00 0.00 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.23 0.31 0.23 0.55 ‡‡‡ ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.52 0.56 0.60 1.51 ‡‡‡ ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.50 0.43 0.41 0.68 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (16.24) 196.20 3.94 8.26 — — —
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (17.05) 8.18 92.19 70.40 ‡‡‡ ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (4.48) (6.57) (7.44) (5.01) ‡‡‡‡‡ ‡‡‡‡‡ —
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (21.54) 1.61 84.75 65.39 ‡‡‡‡‡ — —
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 302.57 325.27 293.78 242.35 — — —
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 239.91 130.75 188.39 135.93 — — —
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 188.88 84.59 143.73 101.27 — — —
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 307.04 412.63 319.90 291.14 — — —
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.46% (2.28%) (16.53%) (1.23%) ‡‡‡‡‡ — —
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.18% 2.60% (11.70%) 4.80% — — —
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.17% (5.25%) (36.95%) (3.16%) ‡‡‡‡‡ — —
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Forum Energy Technologies (FET) has weathered the energy sector’s fiercest storms—from shale boom highs to pandemic lows—emerging as a resilient player in mission-critical drilling, subsea, and production equipment. Revenue has surged 59% from 2020 troughs to $816 million in 2024, with gross margins exploding from -2.2% to a robust 31.2%, fueled by lean operations (revenue per employee up to $466K) and a 53% debt reduction. Free cash flow per share hit $6.89, signaling a turnaround with forecasts eyeing EPS of $1.40 in 2026 and $4.35 in 2027.

Valuation screams opportunity: PS ratio at a dirt-cheap 0.23x and EV/Sales at 0.41x lag far behind historical peaks, while future PE drops to 11.5x by 2027 amid profitability inflection. A bold CEO insider buy—12,607 shares worth $227K—amid zero sells underscores alignment, contrasting cautious analyst targets just 2% below recent closes.

With oil steady above $70/barrel, LNG demand booming, and FET’s niche tech primed for energy transition tie-ins, upside skews massively positive—potentially 50-100% if revenue and margins hold. This undervalued cash generator could multi-bag again in a $100 trillion energy decade. Dive into the full analysis for the charts and catalysts ahead.

Read full commentary →

Forum Energy Technologies, Inc. (FET) Latest News

News by impact score

Fine-tune

14 Sep

3 , 11:24 AM
Forum Energy Technologies is pursuing its 'Beat the Market' strategy to drive faster growth. FET's Beat the Market strategy may moderately improve competitive positioning and financial results.

27 Aug

4 www.marketbeat.com, 1:01 AM
Forum Energy Technologies, Inc. (FET) sets $1.6B revenue target by 2030 under new five-year growth plan. Major strategic revenue target announcement signals significant growth initiative likely to alter company trajectory and investor sentiment.

20 Aug

4 www.marketbeat.com, 9:02 PM
Forum Energy Technologies targets $1.6B revenue by 2030 as stated at EnerCom Conference. FET's $1.6B revenue target by 2030 represents major strategic growth goal that can shift investor sentiment and company trajectory.

6 Aug

3 , 8:55 AM
Forum Energy Technologies (FET) stock shows upward movement with indications that the trend may persist due to supportive conditions. Sustained upward momentum in FET shares points to moderate effects on market performance without altering core operations.

3 Aug

3 , 2:38 PM
Forum Energy Technologies stock surges powerfully amid a week of major energy sector earnings reports. Stock breakout during earnings week may lift short-term sentiment for FET without altering core operations.

31 Jul

4 www.fool.com, 7:36 PM
Forum Energy Technologies stock surged nearly 22% on Friday after positive developments drove strong investor buying and lifted shares sharply higher. A nearly 22% single-day surge points to major events capable of shifting company trajectory and sentiment.

4 transcript , 7:00 PM
Forum Energy Technologies Inc (FET) posted record-breaking Q2 2026 results in its earnings call, showing strong revenue and operational gains. Record quarterly results signal major positive shifts in financial trajectory and investor sentiment.

3 www.marketbeat.com, 3:04 PM
Forum Energy Technologies reported Q2 financial results including revenue and earnings figures. Management highlighted operational performance, oilfield market conditions, and provided forward guidance during the earnings call. Q2 results and guidance offer financial metrics that may shift near-term investor views without signaling major strategic or competitive changes.

30 Jul

4 , 5:03 PM
Forum Energy Technologies announced second quarter 2026 results and raised full year 2026 guidance. Raised full year guidance signals stronger expected performance and lifts investor outlook.

3 , 7:30 PM
Forum Energy Technologies (FET) exceeded Q2 earnings and revenue estimates. Q2 earnings and revenue beat signals positive financial performance likely to support near-term stock gains without altering long-term trajectory.

23 May

3 Insider Monkey, 8:16 AM
Forum Energy Technologies (FET) reported 8% revenue growth for Q1. 8% Q1 revenue growth signals moderate effects on performance and sentiment.

2 May

4 GuruFocus.com, 3:03 AM
Forum Energy Technologies Inc (FET) reported record backlog and strong results in Q1 2026 earnings call highlights. Record backlog signals robust future revenue and demand, significantly impacting FET's trajectory and investor sentiment.

1 May

4 app.moby.co, 8:30 AM
Forum Energy Technologies, Inc. released Q1 2026 earnings call summary detailing financial results, operational updates, and future outlook. Q1 2026 earnings summary reveals financial performance and guidance capable of significantly shifting investor sentiment and company trajectory.

3 www.marketbeat.com, 4:15 PM
Forum Energy Technologies Q1 earnings call highlights financial results, operational updates, strategic initiatives, and forward-looking guidance. Q1 earnings highlights offer insights into financial performance and outlook with moderately noticeable effects on investor sentiment and trajectory.

30 Apr

4 Zacks, 6:25 PM
Forum Energy Technologies (FET) surpassed Q1 earnings and revenue estimates. Surpassing Q1 earnings and revenue estimates boosts investor sentiment and signals strong financial performance.

4 Business Wire, 4:58 PM
Forum Energy Technologies announced first quarter 2026 results and raised full-year 2026 Adjusted EBITDA guidance. Raising full-year Adjusted EBITDA guidance after Q1 results signals strong financial momentum and enhanced investor sentiment.

23 Apr

3 , 10:00 AM
Forum Energy Technologies (FET) earnings expected to grow, prompting buy consideration amid positive analyst outlook. Expected earnings growth signals moderately positive financial trajectory influencing investor sentiment.

15 Apr

3 Zacks, 12:10 PM
Forum Energy Technologies (FET) has beaten earnings estimates in recent quarters, prompting questions on whether it will repeat in the next report amid favorable industry trends and operational efficiencies. Earnings beat speculation affects short-term investor sentiment and stock price ahead of the report but lacks transformative details.

2 Apr

4 www.marketbeat.com, 9:05 PM
Forum Energy Technologies announced a record backlog, projected strong growth through 2026, and plans to fund share buybacks with free cash flow during a conference presentation. Record backlog ensures future revenue visibility, 2026 growth outlook boosts long-term prospects, and FCF-funded buybacks signal financial strength and shareholder returns.

30 Mar

3 Zacks, 10:53 AM
Forum Energy Technologies (FET) faces uncertainty in sustaining its strong cash flow growth momentum amid ongoing performance evaluation. Questions sustainability of FET's cash flow growth, potentially affecting financial performance and investor sentiment.

27 Mar

4 www.marketbeat.com, 7:10 PM
Forum Energy Technologies announced at a conference projections for 2026 EBITDA growth, share buybacks, and revenue targets of $1B-$1.6B by 2030. Ambitious long-term revenue goals, EBITDA growth projections, and buybacks represent major strategic initiatives poised to significantly boost investor sentiment and alter market trajectory.

3 Zacks, 10:20 AM
Forum Energy Technologies (FET) stands to benefit from the crude oil price rally, with its oilfield products and services positioned for higher demand in drilling, production, and subsea sectors amid favorable energy market dynamics. Crude price rally boosts demand for FET's oilfield equipment, moderately lifting revenue potential but tempered by broader market volatility.

26 Mar

4 Zacks, 2:24 PM
Forum Energy Technologies, Inc. (FET) advances innovation strategy, driving robust growth and enhanced shareholder returns. Innovation strategy represents major strategic moves fueling growth and positively altering investor sentiment.

19 Mar

4 Zacks, 1:43 PM
Forum Energy Technologies, Inc. (FET) maintains a strong backlog and executes its strategy effectively, positioning the company for long-term growth. Strong backlog provides revenue visibility and strategy execution signals major positive shifts in FET's trajectory and investor sentiment.

18 Mar

4 Zacks, 12:04 PM
Forum Energy Technologies (FET) shares surged 192.5% over the past year amid strong performance, sparking debate on whether investors should hold positions or exit to lock in gains. FET's 192.5% share price surge signals major positive momentum and shifts investor sentiment toward sustained growth or profit-taking risks.

23 Feb

4 www.marketbeat.com, 12:07 PM
Forum Energy Technologies (FET) released Q4 earnings call highlights, covering financial results, operational performance, strategic initiatives, and outlook amid energy sector dynamics. Q4 earnings call highlights detail financial outcomes and guidance with potential to drive significant shifts in FET's valuation and investor confidence.

4 Insider Monkey, 10:48 AM
Forum Energy Technologies (FET) stock jumps after impressive Q4 2025 results. Impressive Q4 2025 results triggered stock surge, signaling strong financial momentum.

22 Feb

4 Simply Wall St., 6:11 PM
Forum Energy Technologies (FET) returns to profitability and issues 2026 growth guidance, prompting valuation reassessment. Return to profitability combined with 2026 growth guidance represents a major positive shift in FET's financial trajectory and investor outlook.

20 Feb

4 GuruFocus.com, 6:00 PM
Forum Energy Technologies Inc (FET) Q4 2025 earnings call highlights strategic growth initiatives amid positive financial performance and future outlook. Q4 2025 earnings call reveals strategic growth moves significantly impacting FET's future performance and investor sentiment.

4 www.fool.com, 12:50 PM
Forum Energy Technologies (FET) shares soared over 30% after announcing a $152 million subsea production enhancement contract with Shell in the U.S. Gulf of Mexico, marking the largest order in company history and driving optimism for revenue growth amid rising offshore demand. Securing the largest-ever $152 million subsea contract from Shell significantly enhances revenue prospects and strengthens competitive position in offshore energy services.
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