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    Forum Energy Technologies Inc (FET)

    Official site

    ENERGY • OIL & GAS EQUIPMENT & SERVICES • NYSE

    $82.21
    -2.83 (-3.33%)

    Market Cap: $943.17M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    41%(16/39)
    Avg Surprise
    -98.10%
    Streak
    4 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.22
    Range$1.20 - $1.23
    2 analysts
    EPS Revisions
    1
    0
    7d
    2
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.54+127.1%
    60d ago$0.88+38.1%
    30d ago$1.220.0%
    7d ago$1.220.0%
    Current$1.22
    Revenue Consensus
    $233M
    Range$231M - $235M
    2 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.79
    Range$1.79 - $1.79
    2 analysts
    Revenue Consensus
    $240M
    Range$234M - $245M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$1.79---
    Sep 26EST
    -$1.22---
    Jun 26
    Reported Jul 30
    $1.16$0.57+103.51%Beat+1260.0%
    Mar 26
    Reported Apr 30
    $0.47$0.19+147.37%Beat+1075.0%
    Dec 25
    Reported Feb 19
    $0.41$0.36+13.89%Beat+185.4%
    Sep 25
    Reported Oct 30
    $0.27$0.19+42.11%Beat+242.1%
    Jun 25
    Reported Aug 7
    $-0.10$0.15-166.67%Miss-42.9%
    Mar 25
    Reported May 1
    $0.04N/A-84.91%Miss+133.3%
    Dec 24
    Reported Feb 20
    $-0.48$-0.05-860.00%Miss+86.1%
    Sep 24
    Reported Oct 31
    $-0.19$0.06-416.67%Miss+94.5%
    Jun 24
    Reported Aug 1
    $-0.07$0.04-275.00%Miss+98.0%
    Mar 24
    Reported May 2
    $-0.12N/A-130.00%Miss+96.5%
    Dec 23
    Reported Feb 29
    $-3.46$-0.80-332.50%Miss+0.0%
    Sep 23
    Reported Nov 2
    $-3.46$-0.80-332.50%Miss+0.0%
    Jun 23
    Reported Aug 3
    $-3.46$-0.80-332.50%Miss-374.0%
    Mar 23
    Reported May 4
    $-3.46$-0.80-332.50%Miss-73.0%
    Dec 22
    Reported Feb 20
    $-3.46$-0.80-332.50%Miss+0.0%
    Sep 22
    Reported Nov 8
    $-3.46$-0.80-332.50%Miss-68.8%
    Jun 22
    Reported Aug 4
    $-0.73$-0.50-46.00%Miss+81.1%
    Mar 22
    Reported May 5
    $-2.00$-2.00+0.00%Beat+62.1%
    Dec 21
    Reported Feb 28
    $-3.46$-0.80-332.50%Miss+27.9%
    Sep 21
    Reported Nov 4
    $-2.05$-1.33-54.14%Miss+65.8%
    Jun 21
    Reported Aug 5
    $-3.87$-1.75-121.14%Miss+33.3%
    Mar 21
    Reported May 6
    $-5.28$-2.28-131.58%Miss-32.0%
    Dec 20
    Reported Feb 23
    $-4.80$-5.20+7.69%Beat-166.7%
    Sep 20
    Reported Nov 5
    $-6.00$-5.70-5.26%Miss-1600.0%
    Jun 20
    Reported Aug 6
    $-5.80$-5.97+2.85%Beat-262.5%
    Mar 20
    Reported May 7
    $-4.00$-2.48-61.29%Miss-400.0%
    Dec 19
    Reported Feb 12
    $-1.80$-1.75-2.86%Miss-212.5%
    Sep 19
    Reported Oct 24
    $0.40N/A+137.74%Beat-33.3%
    Jun 19
    Reported Jul 25
    $-1.60$-1.03-55.34%Miss-700.0%
    Mar 19
    Reported Apr 25
    $-0.80$-1.34+40.30%Beat+42.9%
    Dec 18
    Reported Feb 7
    $1.60$-0.64+350.00%Beat+300.0%
    Sep 18
    Reported Oct 29
    $0.60$0.34+76.47%Beat+130.0%
    Jun 18
    Reported Jul 30
    $-0.20$-0.30+33.33%Beat+90.0%
    Mar 18
    Reported Apr 30
    $-1.40$-1.08-29.63%Miss+50.0%
    Dec 17
    Reported Feb 8
    $-0.80$-0.58-37.93%Miss+75.0%
    Sep 17
    Reported Oct 30
    $-2.00$-2.00+0.00%Beat-
    Jun 17
    Reported Jul 27
    $-2.00$-2.17+7.83%Beat-
    Mar 17
    Reported Apr 27
    $-2.80$-3.09+9.39%Beat-
    Dec 16
    Reported Feb 9
    $-3.20$-3.46+7.51%Beat-

    Key Metrics

    Valuation
    P/E Ratio35.59EV/EBITDA14.99x
    Price/FCF17.44xFCF Yield5.73%
    Profitability
    Profit Margin-0.19%Operating Margin9.32%
    ROE-0.51%ROIC5.73%
    Financial Health
    Debt/Equity0.50xInterest CoverageN/A
    Current Ratio2.19xQuick Ratio1.13x
    Trading Statistics
    Beta0.68Avg Volume179.36K
    52-Week High$89.9352-Week Low$26.00

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$84.15
    SMA 20$83.06
    SMA 50$81.40
    SMA 200$60.17
    EMA 10$83.81
    EMA 20$83.04
    EMA 50$78.56
    EMA 200$60.90

    MACD

    Line: 1.33Signal: 1.57Hist: -0.24

    ADX

    ADX: 18.0+DI: 23.7-DI: 19.4

    Aroon & PSAR

    Aroon Up72.0
    Aroon Down36.0
    PSAR$89.08

    Bollinger Bands

    Upper Band$86.62
    Lower Band$79.51
    %B Position856%(Upper)
    Band Width0.38

    RSI (14-Day)

    Neutral
    50.0

    Momentum Oscillators

    Stoch %K46.4
    Stoch %D52.5
    Williams %R-73.8
    ROC (10d)1.6%
    Momentum1.26
    CCI (20d)5.8
    MFI (14d)56.2

    Volatility Measures

    ATR (14d)$3.58(4.4%)
    StdDev (20d)1.78
    Hist Vol33.9%(Moderate)

    Volume Flow

    VWAP$83.46
    OBV9.9M
    AD Line3.1M
    CMF (20d)-0.169

    Volume Metrics

    Avg Vol (20d)181.4K
    Vol Ratio1.0x
    VWMA (20d)$83.13

    Pivot Points

    R3$91.54
    R2$90.01
    R1$87.53
    Pivot Point$86.00
    S1$83.52
    S2$81.99
    S3$79.51

    Advanced Oscillators

    TSI13.62
    Ultimate Osc30.6
    KST34.30

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$226.22M$208.70M$202.20M$196.23M$199.76M$193.28M$201.02M$207.81M$205.21M$202.39M$185.21M$179.25M
    Cost of Revenue$154.87M$147.71M$141.12M$155.99M$140.41M$134.92M$138.55M$142.07M$142.14M$138.63M$135.48M$128.23M
    Gross Profit$71.35M$60.99M$61.08M$40.24M$59.36M$58.36M$62.47M$65.74M$63.07M$63.76M$49.72M$51.02M
    Operating Expenses$50.84M$49.99M$48.32M$46.34M$44.67M$49.56M$169.28M$56.82M$55.14M$60.56M$47.94M$45.35M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$50.38M$50.01M$49.25M$50.45M$51.37M$49.38M$61.14M$56.33M$54.92M$54.67M$45.02M$45.50M
    Operating Income$20.51M$11.01M$12.76M$-6,106,000$14.68M$8.80M$-106,817,000$8.92M$7.93M$3.20M$1.79M$5.67M
    Interest Income$-4,272,000$-4,141,000$-4,258,000$-4,365,000$-4,706,000$-4,983,000$-6,421,000$-7,650,000$-8,659,000$-8,760,000$-4,555,000$-4,504,000
    Interest Expense$4.50M$3.62M$4.50M$0$764,000$3.92M$424,000$1.84M$463,000$9.99M$13.66M$0
    Income Before Tax$16.01M$7.39M$8.26M$-10,480,000$13.92M$4.89M$-107,241,000$-10,204,000$-4,194,000$-6,787,000$-11,872,000$9.45M
    Income Tax Expense$3.60M$2.90M$6.19M$10.07M$6.22M$3.77M$-3,741,000$4.61M$2.50M$3.53M$4.91M$1.48M
    Net Income$12.41M$4.49M$2.07M$-20,554,000$7.70M$1.12M$-103,500,000$-14,815,000$-6,696,000$-10,315,000$-16,780,000$7.97M
    EBITDA$27.81M$19.33M$20.36M$1.75M$27.70M$18.85M$-88,107,000$12.97M$18.96M$15.81M$1.42M$22.87M
    EBIT$20.28M$11.53M$12.52M$-6,115,000$18.63M$9.87M$-100,268,000$-715,000$4.93M$1.97M$-7,317,000$13.95M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $0
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    0
    New Awards (TTM)
    0
    Avg Remaining Term
    N/A

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    FET Valuation and Fair Value

    P/E
    35.6x
    Forward P/E
    15.1x
    EV/EBITDA
    15.0x
    P/FCF
    17.4x
    PEG
    1.9x
    P/B
    3.2x
    See GNG's fair value

    FET Profitability: Margins, ROIC and FCF

    Gross margin
    28.0%
    Operating margin
    9.3%
    Net margin
    -0.2%
    ROIC
    5.7%
    ROE
    -0.5%
    FCF margin
    6.4%
    FCF yield
    5.7%

    FET Bull Case vs Bear Case

    Bull case

    • FET grew quarterly revenue 13.2% year over year.

    Bear case

    • FET has a -0.2% net profit margin.

    FET Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -152.7%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.22
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 0 down

    Frequently Asked Questions About FET

    Does FET pay dividends?

    Forum Energy Technologies Inc (FET) does not currently pay a regular dividend.

    What is FET's P/E ratio?

    Forum Energy Technologies Inc has a price-to-earnings (P/E) ratio of 35.59.

    What is FET's market cap?

    Forum Energy Technologies Inc (FET) has a market capitalization of $943.17M with a current stock price of $82.21.

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