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Stocks · Industrials · Oil & Gas Field Machinery & Equipment

FORUM ENERGY TECHNOLOGIES, INC.

FET Clue Score41
United States Fiscal year ends December CIK 0001401257
$85.72 +1.31% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $85.72 +288.58% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue587.6Operating income−129.0Net income−82.0EPS, diluted−0.90Fiscal year 2017Revenue818.6 +39.3%Operating income−141.6Net income−59.4EPS, diluted−0.60Fiscal year 2018Revenue1,064.2 +30.0%Operating income−397.0Net income−374.1EPS, diluted−3.44Fiscal year 2019Revenue956.5 −10.1%Operating income−536.1Net income−567.1EPS, diluted−103.01Fiscal year 2020Revenue512.5 −46.4%Operating income−231.6Net income−96.9EPS, diluted−17.37Fiscal year 2021Revenue541.1 +5.6%Operating income−44.5Net income−82.7EPS, diluted−14.65Fiscal year 2022Revenue699.9 +29.4%Operating income17.3Net income3.7EPS, diluted0.62Fiscal year 2023Revenue738.9 +5.6%Operating income20.7Net income−18.9 −608.5%EPS, diluted−1.85Fiscal year 2024Revenue816.4 +10.5%Operating income−86.8Net income−135.3EPS, diluted−11.00Fiscal year 2025Revenue791.5 −3.1%Operating income30.1Net income−9.7EPS, diluted−0.81
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 587.6 818.6 1,064.2 956.5 512.5 541.1 699.9 738.9 816.4 791.5
Growth +39.3% +30.0% −10.1% −46.4% +5.6% +29.4% +5.6% +10.5% −3.1%
Operating income −129.0 −141.6 −397.0 −536.1 −231.6 −44.5 17.3 20.7 −86.8 30.1
Net income −82.0 −59.4 −374.1 −567.1 −96.9 −82.7 3.7 −18.9 −135.3 −9.7
Growth −608.5%
EPS, diluted −0.90 −0.60 −3.44 −103.01 −17.37 −14.65 0.62 −1.85 −11.00 −0.81

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin17.0%Operating margin−21.9%Net margin−14.0%Free cash flow margin8.2%Fiscal year 2017Gross margin23.1%Operating margin−17.3%Net margin−7.3%Free cash flow margin−8.2%Fiscal year 2018Gross margin24.1%Operating margin−37.3%Net margin−35.2%Free cash flow margin−2.0%Fiscal year 2019Gross margin25.6%Operating margin−56.1%Net margin−59.3%Free cash flow margin9.3%Fiscal year 2020Gross margin−2.2%Operating margin−45.2%Net margin−18.9%Free cash flow margin0.3%Fiscal year 2021Gross margin22.8%Operating margin−8.2%Net margin−15.3%Free cash flow margin−3.4%Fiscal year 2022Gross margin26.9%Operating margin2.5%Net margin0.5%Free cash flow margin−3.5%Fiscal year 2023Gross margin27.6%Operating margin2.8%Net margin−2.6%Free cash flow margin0.0%Fiscal year 2024Gross margin31.2%Operating margin−10.6%Net margin−16.6%Free cash flow margin10.3%Fiscal year 2025Gross margin27.7%Operating margin3.8%Net margin−1.2%Free cash flow margin8.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 17.0% 23.1% 24.1% 25.6% −2.2% 22.8% 26.9% 27.6% 31.2% 27.7%
Operating margin −21.9% −17.3% −37.3% −56.1% −45.2% −8.2% 2.5% 2.8% −10.6% 3.8%
Net margin −14.0% −7.3% −35.2% −59.3% −18.9% −15.3% 0.5% −2.6% −16.6% −1.2%
Free cash flow margin 8.2% −8.2% −2.0% 9.3% 0.3% −3.4% −3.5% 0.0% 10.3% 8.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow64.7Capital expenditure−16.8Free cash flow47.9Buybacks−0.6Fiscal year 2017Operating cash flow−40.0Capital expenditure−26.7Free cash flow−66.7 −239.3%Buybacks−4.7Fiscal year 2018Operating cash flow2.4Capital expenditure−24.0Free cash flow−21.6Buybacks−2.8Fiscal year 2019Operating cash flow104.1Capital expenditure−15.1Free cash flow89.0Buybacks−1.1Fiscal year 2020Operating cash flow3.9Capital expenditure−2.2Free cash flow1.6 −98.2%Buybacks−0.2Fiscal year 2021Operating cash flow−15.8Capital expenditure−2.4Free cash flow−18.2 −1,210.2%Buybacks−1.4Fiscal year 2022Operating cash flow−17.1Capital expenditure−7.5Free cash flow−24.5Buybacks−3.8Fiscal year 2023Operating cash flow8.2Capital expenditure−7.9Free cash flow0.2Buybacks−6.0Fiscal year 2024Operating cash flow92.2Capital expenditure−8.1Free cash flow84.0 +35,065.7%Buybacks0.0Fiscal year 2025Operating cash flow70.4Capital expenditure−6.0Free cash flow64.4 −23.4%Buybacks−34.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 64.7 −40.0 2.4 104.1 3.9 −15.8 −17.1 8.2 92.2 70.4
Capital expenditure −16.8 −26.7 −24.0 −15.1 −2.2 −2.4 −7.5 −7.9 −8.1 −6.0
Free cash flow 47.9 −66.7 −21.6 89.0 1.6 −18.2 −24.5 0.2 84.0 64.4
Growth −239.3% −98.2% −1,210.2% +35,065.7% −23.4%
Buybacks −0.6 −4.7 −2.8 −1.1 −0.2 −1.4 −3.8 −6.0 0.0 −34.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash234.4Shareholders’ equity1,235.2Fiscal year 2017Cash115.2Shareholders’ equity1,409.0Fiscal year 2018Cash47.2Shareholders’ equity1,030.1Fiscal year 2019Cash57.9Total debt398.9Net cash (debt)−341.0Shareholders’ equity486.0Debt to equity0.82Fiscal year 2020Cash128.6Total debt294.7Net cash (debt)−166.1Shareholders’ equity406.2Debt to equity0.73Fiscal year 2021Cash46.9Total debt233.2Net cash (debt)−186.4Shareholders’ equity329.1Debt to equity0.71Fiscal year 2022Cash51.0Total debt239.9Net cash (debt)−188.9Shareholders’ equity307.0Debt to equity0.78Fiscal year 2023Cash46.2Total debt130.8Net cash (debt)−84.6Shareholders’ equity412.6Debt to equity0.32Fiscal year 2024Cash44.7Total debt188.4Net cash (debt)−143.7Shareholders’ equity319.9Debt to equity0.59Fiscal year 2025Cash34.7Total debt135.9Net cash (debt)−101.3Shareholders’ equity291.1Debt to equity0.47
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 234.4 115.2 47.2 57.9 128.6 46.9 51.0 46.2 44.7 34.7
Total debt n/a n/a n/a 398.9 294.7 233.2 239.9 130.8 188.4 135.9
Net cash (debt) n/a n/a n/a −341.0 −166.1 −186.4 −188.9 −84.6 −143.7 −101.3
Shareholders’ equity 1,235.2 1,409.0 1,030.1 486.0 406.2 329.1 307.0 412.6 319.9 291.1
Debt to equity n/a n/a n/a 0.82 0.73 0.71 0.78 0.32 0.59 0.47

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
17.0% 23.1% 24.1% 25.6% −2.2% 22.8% 26.9% 27.6% 31.2% 27.7%
−21.9% −17.3% −37.3% −56.1% −45.2% −8.2% 2.5% 2.8% −10.6% 3.8%
−23.5% −6.8% −36.6% −59.5% −21.4% −15.2% 1.5% −1.1% −15.7% 2.1%
−14.0% −7.3% −35.2% −59.3% −18.9% −15.3% 0.5% −2.6% −16.6% −1.2%
8.2% −8.2% −2.0% 9.3% 0.3% −3.4% −3.5% 0.0% 10.3% 8.1%
Spending
38.6% 31.0% 27.0% 26.3% 38.6% 31.2% 25.6% 24.4% 26.9% 25.3%
2.9% 3.3% 2.3% 1.6% 0.4% 0.4% 1.1% 1.1% 1.0% 0.8%
n/a n/a n/a n/a n/a n/a 64.1% n/a n/a 158.2%
Returns
−6.6% −4.2% −36.3% −116.7% −23.9% −25.1% 1.2% −4.6% −42.3% −3.3%
−4.5% −2.7% −20.4% −48.9% −10.9% −10.4% 0.4% −2.3% −16.6% −1.3%
Balance and payout
n/a n/a n/a 0.82 0.73 0.71 0.78 0.32 0.59 0.47
32.7% 35.8% 43.7% 58.1% 54.4% 58.4% 63.2% 49.7% 60.8% 61.3%
1.3% n/a n/a 1.2% 11.9% n/a n/a 2,508.8% 0.0% 53.8%