FET (Forum Energy Technologies, Inc.) Stock Financials & Earnings | Market Cap Arena

FET (Forum Energy Technologies, Inc.) Stock Financials & Earnings | Market Cap Arena

FETForum Energy Technologies, Inc.

Mkt Cap$706M

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Revenue (TTM)$791M

Net Income (TTM)-$10M

EPS (TTM)-$0.80

Free Cash Flow (TTM)$66M

Gross Margin27.7%

Op. Margin2.4%

Net Margin-1.2%

FCF Margin8.3%

P/S Ratio (TTM)0.9x

P/E Ratio (TTM)—

YoY Rev Growth-3.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$189M	$52M	$7M
Q2 23	$185M	$51M	$6M
Q3 23	$179M	$51M	$6M
Q4 23	$185M	$50M	$5M
Q1 24	$202M	$64M	$3M
Q2 24	$205M	$63M	$8M
Q3 24	$208M	$66M	$9M
Q4 24	$201M	$62M	-$107M
Q1 25	$193M	$58M	$9M
Q2 25	$200M	$59M	$15M
Q3 25	$196M	$40M	-$6M
Q4 25	$202M	$61M	$2M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	1.0x	74.7x
Q2 23	0.9x	—
Q3 23	0.9x	—
Q4 23	1.0x	—
Q1 24	0.9x	—
Q2 24	0.9x	—
Q3 24	0.9x	—
Q4 24	0.9x	—
Q1 25	0.9x	—
Q2 25	0.9x	—
Q3 25	0.9x	—
Q4 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$23M	-$24M
Q2 23	-$6M	-$8M
Q3 23	$26M	$24M
Q4 23	$11M	$9M
Q1 24	$5M	$2M
Q2 24	$23M	$22M
Q3 24	$26M	$24M
Q4 24	$39M	$36M
Q1 25	$9M	$7M
Q2 25	$16M	$16M
Q3 25	$23M	$21M
Q4 25	$22M	$21M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$1M
Q2 23	$2M
Q3 23	$3M
Q4 23	$2M
Q1 24	$3M
Q2 24	$1M
Q3 24	$1M
Q4 24	$2M
Q1 25	$2M
Q2 25	$431K
Q3 25	$1M
Q4 25	$2M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+21.8%	+13.2%
Q2 23	+7.7%	+7.1%
Q3 23	-1.4%	-0.3%
Q4 23	-2.9%	-4.3%
Q1 24	+7.1%	+9.4%
Q2 24	+10.7%	+10.2%
Q3 24	+15.9%	+14.6%
Q4 24	+8.5%	+70.5%
Q1 25	-4.5%	-7.4%
Q2 25	-2.7%	-6.2%
Q3 25	-5.6%	+1.7%
Q4 25	+0.6%	-34.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$841K	0.4%
Q2 23	$1M	0.7%
Q3 23	$1M	0.7%
Q4 23	$1M	0.7%
Q1 24	$2M	0.8%
Q2 24	$2M	0.7%
Q3 24	$2M	1.0%
Q4 24	$2M	1.0%
Q1 25	$2M	0.9%
Q2 25	$5M	2.4%
Q3 25	$3M	1.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$46M
Q2 23	$44M
Q3 23	$45M
Q4 23	$45M
Q1 24	$55M
Q2 24	$54M
Q3 24	$56M
Q4 24	$55M
Q1 25	$49M
Q2 25	$51M
Q3 25	$50M
Q4 25	$49M

Revenue Segments

Quarter	Completions	Drilling And Downhole	Production
Q1 23	$74M	$77M	$39M
Q2 23	$72M	$81M	$33M
Q3 23	$62M	$81M	$37M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$47M	$0	$47M
Q2 23	$25M	$0	$25M
Q3 23	$37M	$0	$37M
Q4 23	$46M	$0	$46M
Q1 24	$48M	$0	$48M
Q2 24	$32M	$0	$32M
Q3 24	$33M	$0	$33M
Q4 24	$45M	$0	$45M
Q1 25	$31M	$0	$31M
Q2 25	$39M	$0	$39M
Q3 25	$32M	$0	$32M
Q4 25	$35M	$0	$35M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	10M	-1.8%
Q2 23	10M	+0.3%
Q3 23	10M	+1.8%
Q4 23	10M	-1.9%
Q1 24	12M	+19.6%
Q2 24	12M	+1.1%
Q3 24	12M	+0.0%
Q4 24	12M	-0.3%
Q1 25	13M	+2.2%
Q2 25	13M	-0.1%
Q3 25	12M	-3.5%
Q4 25	12M	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$446K	4K
FY 15	$429K	3K
FY 16	$287K	2K
FY 17	$315K	3K
FY 18	$426K	3K
FY 19	$416K	2K
FY 20	$366K	1K
FY 21	$387K	1K
FY 22	$467K	2K
FY 23	$462K	2K
FY 24	$454K	2K
FY 25	$466K	2K