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Companies / Energy / Forum Energy Technologies, Inc.
FET

Forum Energy Technologies, Inc.

EnergyIndustrial Machinery
Ticker FETHOUSTON, TXFiscal year ends DecemberBook value per share $26.90Diluted shares 11.8M

Forum Energy Technologies, Inc. (NYSE: FET) is a global manufacturing company serving oil and natural gas, defense, and renewable energy industries. It makes engineered capital equipment and consumable products for drilling, well construction, completion, intervention, production, subsea operations, processing, and… From the company’s description.

Over the twelve months to Sep 30, 2026, Forum Energy Technologies, Inc. reported revenue of $873.93M, up 10.6% from a year earlier, and net income of $30.20M. Its operating margin was 7.4%, and operations generated $68.52M in cash. In fiscal 2025, it reported revenue of $791.47M, down 3.1% from fiscal 2024, and a net loss of $9.66M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$791.47MFY2025
−3.1% year over year
Last 12 mo $873.93M
3.81%FY2025
+14.4 percentage points
Last 12 mo 7.35%
$-9.66MFY2025
+92.9% year over year
Last 12 mo $30.20M
-3.32%FY2025
+3.7 percentage points
Last 12 mo 9.49%
Cash & financing
$70.40MFY2025
−23.6% year over year
Last 12 mo $68.52M
$64.39MFY2025
−23.4% year over year
Last 12 mo $62.05M
0.47FY2025
Was 0.59× a year earlier
Last 12 mo 0.40
11.9MFY2025
−3.4% year over year
Last 12 mo 11.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Forum Energy Technologies, Inc. does

In the company’s own words

Forum Energy Technologies, Inc. (NYSE: FET) is a global manufacturing company serving oil and natural gas, defense, and renewable energy industries. It makes engineered capital equipment and consumable products for drilling, well construction, completion, intervention, production, subsea operations, processing, and refining; customers include operators, oilfield service companies, pipeline and refinery operators, defense contractors, and renewable energy companies. Its two reportable segments are Drilling and Completions, which supplies drilling, subsea, stimulation and intervention, and coiled tubing products and services, and Artificial Lift and Downhole, which serves artificial lift, well construction, production, and infrastructure markets with downhole tools, process equipment, and industrial valves. Products include Perry and Forum Sub-Atlantic subsea vehicles, Global Tubing coiled tubing, Davis-Lynch well construction equipment, Variperm sand and flow control tools, and PBV, DSI, and Accuseal valves. Consumables and activity-based equipment accounted for approximately 80% of revenue in 2025. The company had approximately 1,700 employees as of December 31, 2025. Its website is www.f-e-t.com.

Company details
Sector
Energy
Industry (SIC)
Industrial Machinery
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1401257
SIC
3533

Financial performance, year by year

Fiscal 2012–2025 · USD
$-797.73M$-105.70M$586.33M$1.28B$1.97B20122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Forum Energy Technologies, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

220
funds hold it
0 of 35
superinvestors hold it
$223.69M
held by funds, at market
36.3%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Forum Energy Technologies, Inc.’s weight in each

Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets
Allspring Special Small Cap Value Fund
ESPAX · ALLSPRING FUNDS TRUST
0.30%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Forum Energy Technologies, Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Forum Energy Technologies, Inc.’s debt, $38.55M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 10.50%, maturing 2029 to 2029.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Forum Energy Technologies, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Forum Energy Technologies, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Forum Energy Technologies, Inc.'s last four quarterly filings that the numbers alone won't show?”
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