Forum Energy Technologies/$FET
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About Forum Energy Technologies
Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in two reporting segments, namely Drilling and Completions and Artificial Lift and Downhole. Revenue largely comes from Artificial Lift and Downhole segment.
Ticker
$FET
Sector
Primary listing
NYSE
Employees
1,800
Headquarters
Website
FET Metrics
BasicAdvanced
$304M
-
-$8.88
0.88
-
Price and volume
Market cap
$304M
Beta
0.88
52-week high
$26.70
52-week low
$12.78
Average daily volume
96K
Financial strength
Current ratio
2.411
Quick ratio
0.959
Long term debt to equity
71.175
Total debt to equity
71.672
Interest coverage (TTM)
1.45%
Profitability
EBITDA (TTM)
78.225
Gross margin (TTM)
30.67%
Net profit margin (TTM)
-13.65%
Operating margin (TTM)
4.29%
Effective tax rate (TTM)
-11.01%
Revenue per employee (TTM)
$450,000
Management effectiveness
Return on assets (TTM)
2.41%
Return on equity (TTM)
-28.21%
Valuation
Price to revenue (TTM)
0.393
Price to book
0.95
Price to tangible book (TTM)
1.88
Price to free cash flow (TTM)
3.813
Free cash flow yield (TTM)
26.23%
Free cash flow per share (TTM)
6.695
Growth
Revenue change (TTM)
3.86%
Earnings per share change (TTM)
286.42%
3-year revenue growth (CAGR)
9.15%
10-year revenue growth (CAGR)
-6.32%
3-year earnings per share growth (CAGR)
17.49%
10-year earnings per share growth (CAGR)
-11.17%
Bulls say / Bears say
FET’s revenue grew 10.5% year-over-year to $816.4 million in 2024, reflecting strong top-line momentum across its Drilling and Completions and Artificial Lift and Downhole segments. (Reuters)
Gross profit increased 24.6% to $257.7 million in 2024, indicating improved cost management and product mix leveraging higher-margin engineered equipment sales. (Reuters)
Operating cash flow surged to $92.2 million in 2024 from $8.2 million in 2023, demonstrating significant improvement in working capital management and operational efficiency. (Reuters)
Net income swung to a loss of $135.3 million in 2024 from a $18.9 million loss in 2023, driven by a $119 million intangible asset impairment and continued restructuring costs. (Reuters)
Long-term debt increased to $188.4 million in 2024 from $130.8 million in 2023, heightening leverage and interest burden risk amid rising rates. (Reuters)
Return on equity remained deeply negative at -13.7% in 2024, highlighting persistent unprofitability and challenges in generating shareholder returns. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 21 Aug 2025.
FET News
AllArticlesVideos
Forum Energy Technologies Announces Secondary Listing on NYSE Texas
Business Wire·2 weeks ago
Forum Energy Technologies Announces Second Quarter 2025 Results; Raises Full Year 2025 Cash Flow Guidance
Business Wire·4 weeks ago
Forum Energy Technologies Announces Timing of Second Quarter 2025 Earnings Conference Call
Business Wire·2 months ago
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Capital at risk
Upcoming events
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FAQs
What’s the current market cap for Forum Energy Technologies stock?
Forum Energy Technologies (FET) has a market cap of $304M as of September 04, 2025.
What is the P/E ratio for Forum Energy Technologies stock?
The price to earnings (P/E) ratio for Forum Energy Technologies (FET) stock is 0 as of September 04, 2025.
Does Forum Energy Technologies stock pay dividends?
No, Forum Energy Technologies (FET) stock does not pay dividends to its shareholders as of September 04, 2025.
When is the next Forum Energy Technologies dividend payment date?
Forum Energy Technologies (FET) stock does not pay dividends to its shareholders.
What is the beta indicator for Forum Energy Technologies?
Forum Energy Technologies (FET) has a beta rating of 0.88. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.