Sunday 11 October 2026
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Forum Energy Technologies, Inc.
FET Energy Oil & Gas Equipment & Services
Forum Energy Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $791.5 million, down 3.06% from fiscal 2024. In the quarter to June 2026, revenue grew 13.2%, EPS grew 77.4%, free cash flow fell 35.1% and total debt fell 9.80%, each against the same quarter a year earlier.
84.61
0.24
+0.28%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 4 | 4 | 5 | 4 | 4 | 4 | 6 | 4 | 6 |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 43.75 | 0.00 | 0.00 | 0.00 |
P/S ratio |
3.52 | 1.98 | 0.42 | 0.19 | 0.13 | 0.17 | 0.23 | 0.31 | 0.23 | 0.55 |
Altman Z-Score |
2.87 | 1.92 | 0.60 | (0.66) | (0.65) | (0.18) | 0.39 | 0.60 | (0.12) | 0.57 |
P/FCF ratio |
43.12 | 0.00 | 0.00 | 2.07 | 9.58 | 0.00 | 0.00 | 143.67 | 2.25 | 6.71 |
Altman Z″-Score (non-manufacturers) |
4.75 | 3.82 | 1.91 | (1.11) | (0.38) | (0.20) | 0.47 | 1.05 | (1.01) | (0.61) |
Beneish M-Score |
(2.30) | (2.27) | (3.56) | (5.53) | — | (2.99) | (2.23) | (2.64) | (3.85) | (2.90) |
P/Operating CF |
100.69 | (70.74) | 16.79 | 6.49 | 30.42 | (11.80) | 10.67 | 20.54 | 4.95 | 19.57 |
P/B ratio |
1.67 | 1.15 | 0.44 | 0.38 | 0.16 | 0.28 | 0.52 | 0.56 | 0.60 | 1.51 |
Price to Tangible BV |
5.64 | 7.70 | 2.23 | 0.87 | 0.40 | 0.81 | 1.39 | 0.95 | 1.28 | 3.31 |
EV/Sales |
3.79 | 2.46 | 0.87 | 0.55 | 0.45 | 0.51 | 0.50 | 0.43 | 0.41 | 0.68 |
EV/EBITDA |
0.00 | 0.00 | 22.44 | 0.00 | 0.00 | 0.00 | 6.44 | 5.70 | 0.00 | 8.46 |
EV/Operating CF |
34.42 | (50.36) | 382.51 | 5.06 | 59.86 | (17.56) | (20.51) | 38.60 | 3.63 | 7.68 |
EV/FCF |
46.52 | (30.21) | (42.55) | 5.88 | 33.55 | (14.23) | (16.24) | 196.20 | 3.94 | 8.26 |
Quick Ratio |
2.63 | 1.47 | 1.07 | 1.08 | 1.67 | 0.97 | 0.98 | 0.94 | 0.98 | 0.86 |
Current Ratio |
5.29 | 3.65 | 3.23 | 3.38 | 3.92 | 2.54 | 2.44 | 2.59 | 2.46 | 2.17 |
Net Debt/EBITDA |
(2.42) | (53.04) | 11.49 | (0.72) | (0.92) | (80.44) | 3.48 | 1.53 | (4.35) | 1.58 |
Debt/Assets |
21.63% | 23.14% | 28.35% | 34.45% | 33.11% | 29.47% | 28.74% | 15.92% | 23.09% | 18.06% |
Debt/Equity |
0.32 | 0.36 | 0.50 | 0.82 | 0.73 | 0.71 | 0.78 | 0.32 | 0.59 | 0.47 |
Asset Turnover |
0.32 | 0.41 | 0.53 | 0.64 | 0.50 | 0.64 | 0.86 | 0.89 | 1.00 | 1.01 |
Operating CF/Net income |
(0.79) | 0.67 | (0.01) | (0.18) | (0.04) | 0.19 | (4.59) | (0.43) | (0.68) | (7.29) |
Capex/Depreciation |
(0.27) | (0.20) | (0.05) | (0.23) | 0.06 | (0.09) | (0.12) | (0.19) | (0.14) | (0.15) |
Interest Coverage |
(4.70) | (5.28) | (12.20) | (16.96) | (7.65) | (1.39) | 0.55 | 1.13 | (2.76) | 1.65 |
| (6.58%) | (4.49%) | (30.67%) | (74.80%) | (21.72%) | (22.48%) | 1.17% | (5.25%) | (36.95%) | (3.16%) | |
| (4.41%) | (2.95%) | (18.59%) | (37.93%) | (9.45%) | (9.83%) | 0.46% | (2.28%) | (16.53%) | (1.23%) | |
ROIC |
(5.76%) | (4.91%) | (16.52%) | (40.48%) | (25.29%) | (5.39%) | 2.18% | 2.60% | (11.70%) | 4.80% |
Return on Tangible Assets |
(11.03%) | (7.85%) | (52.95%) | (90.89%) | (20.23%) | (22.64%) | 1.02% | (4.88%) | (37.89%) | (3.28%) |
Average Days of Receivables |
85.76 | 90.47 | 70.67 | 58.83 | 57.41 | 83.58 | 80.44 | 72.49 | 68.82 | 65.67 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
38.78% | 31.79% | 27.29% | 26.44% | 38.57% | 31.21% | 25.64% | 24.81% | 27.81% | 25.33% |
Intangible Assets out of Total Assets |
0.47 | 0.55 | 0.45 | 0.23 | 0.27 | 0.27 | 0.23 | 0.20 | 0.21 | 0.21 |
Share Based Compensation of Revenue |
3.49% | 2.48% | 1.87% | 1.66% | 1.91% | 1.40% | 0.60% | 0.62% | 0.87% | 1.14% |
Graham Net Nets |
0.07 | 0.00 | (0.07) | (0.04) | 0.10 | (0.17) | (0.09) | 0.52 | 0.00 | (0.03) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27.74 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(3.97%) | (3.89%) | (83.05%) | (305.36%) | (144.96%) | (91.34%) | 2.29% | (8.12%) | (70.88%) | (2.35%) |
Free Cash Flow Yield |
2.32% | (4.11%) | (4.82%) | 48.40% | 10.44% | (21.48%) | (13.39%) | 0.70% | 44.48% | 14.89% |
Revenue per Share |
128.83 | 165.90 | 195.68 | 173.76 | 91.89 | 95.88 | 121.79 | 72.35 | 66.38 | 66.61 |
Operating CF per Share |
14.19 | (8.11) | 0.44 | 18.92 | 0.70 | (2.80) | (2.97) | 0.80 | 7.50 | 5.92 |
Capex per Share |
(3.69) | (5.41) | (4.42) | (2.66) | 0.55 | (0.65) | (0.78) | (0.64) | (0.61) | (0.42) |
Free Cash Flow per Share |
10.50 | (13.53) | (3.98) | 16.26 | 1.24 | (3.45) | (3.75) | 0.16 | 6.89 | 5.50 |
Cash per Share |
51.39 | 23.35 | 8.69 | 10.52 | 23.06 | 8.30 | 8.88 | 4.52 | 3.63 | 2.92 |
Shareholders Equity per Share |
270.92 | 285.54 | 189.41 | 88.29 | 72.84 | 58.32 | 53.43 | 40.41 | 26.01 | 24.50 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
270.92 | 285.54 | 189.41 | 88.29 | 72.84 | 58.32 | 53.43 | 40.41 | 26.01 | 24.50 |
Free Cash Flow |
47.91 | (66.74) | (21.64) | 89.53 | 6.93 | (19.46) | (21.54) | 1.61 | 84.75 | 65.39 |
Working Capital |
607.87 | 574.08 | 529.09 | 469.07 | 365.26 | 271.08 | 302.57 | 325.27 | 293.78 | 242.35 |
Capital Expenditures |
(16.83) | (26.71) | (24.04) | (14.62) | 3.05 | (3.68) | (4.48) | (6.57) | (7.44) | (5.01) |
Net Current Asset Value |
150.29 | 4.17 | (33.51) | (8.04) | 6.50 | (15.48) | (14.86) | 121.18 | (0.42) | (12.43) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.19 | 15.25 | 0.00 | 17.92 |
Capex to Sales |
0.03 | 0.03 | 0.02 | 0.02 | (0.01) | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.29 | 11.17 | 0.00 | 14.57 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.46 | 0.73 | 2.47 | 0.41 | 0.45 | 0.45 | 0.59 | 0.57 | 0.85 | 0.65 |
Cash ROIC |
2.57% | (3.28%) | (1.36%) | 9.49% | 0.84% | (3.19%) | (3.60%) | 0.27% | 15.33% | 14.16% |
Accounts Receivable Turnover |
4.25 | 4.80 | 5.20 | 5.31 | 4.37 | 5.29 | 5.03 | 4.91 | 5.43 | 5.34 |
Accounts Payable Turnover |
6.48 | 5.96 | 5.75 | 5.88 | 7.22 | 5.73 | 4.70 | 4.38 | 4.77 | 5.61 |
Inventory Turnover |
1.28 | 1.61 | 1.75 | 1.59 | 1.57 | 1.69 | 2.00 | 1.88 | 1.99 | 2.27 |
Average Days of Payables |
55.19 | 79.79 | 64.69 | 50.63 | 32.32 | 86.84 | 84.41 | 85.95 | 71.29 | 60.29 |
Days of Inventory on Hand |
253.30 | 256.83 | 216.43 | 212.66 | 175.53 | 211.23 | 192.59 | 204.54 | 172.61 | 152.66 |
Average Receivables |
138.33 | 170.49 | 204.48 | 180.12 | 117.39 | 102.25 | 139.08 | 150.50 | 150.34 | 148.16 |
Average Payables |
75.30 | 105.73 | 140.44 | 120.95 | 72.54 | 72.87 | 108.82 | 122.09 | 117.78 | 102.11 |
Average Inventory |
381.35 | 390.88 | 461.10 | 446.83 | 333.19 | 246.74 | 255.78 | 284.73 | 282.56 | 252.45 |
Average Assets |
1,860.62 | 2,015.21 | 2,012.44 | 1,494.82 | 1,024.96 | 840.63 | 813.05 | 827.91 | 818.51 | 784.20 |
Average Common Equity |
1,246.59 | 1,322.39 | 1,219.57 | 758.08 | 446.14 | 367.68 | 318.08 | 359.83 | 366.27 | 305.52 |
Columns are period end dates