Forum Energy Technologies, Inc. (FET)
NYSE · Oil & Gas Field Machinery & Equipment · Manufacturing · CIK 1401257 · fiscal year ends in Dec
Closing price $88.69 on 29 Oct 2026; 52-week range $26.78 to $91.02.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $833.3M
- Revenue growth
- 3.9%
- Net income, last twelve months
- -$1.6M
- Earnings per share
- -$0.15
- Gross margin
- 28.0%
- Operating margin
- 4.6%
- Net margin
- -0.2%
- Free cash flow
- $53.2M
- Return on equity
- -0.5%
- Market value
- $997.4M
- Cash
- $33.7M
- Debt
- $143.7M
- Debt to equity
- 0.50
- Shares outstanding
- 11.2M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $791.5M | $30.1M | -$9.7M | -$0.81 | $64.4M | 10-K filed 27 Feb 2026 |
| FY2024 | 31 Dec 2024 | $816.4M | -$86.8M | -$135.3M | -$11.00 | $84.0M | 10-K filed 3 Mar 2025 |
| FY2023 | 31 Dec 2023 | $738.9M | $20.7M | -$18.9M | -$1.85 | $239.0K | 10-K filed 5 Mar 2024 |
| FY2022 | 31 Dec 2022 | $699.9M | $17.3M | $3.7M | $0.62 | -$24.5M | 10-K filed 28 Feb 2023 |
| FY2021 | 31 Dec 2021 | $541.1M | -$44.5M | -$82.7M | -$14.65 | -$18.2M | 10-K filed 4 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $226.2M | $12.4M | $1.05 |
| Q1 FY2026 | 31 Mar 2026 | $208.7M | $4.5M | $0.39 |
| Q4 FY2025 | 31 Dec 2025 | $202.2M | $2.1M | $0.17 |
| Q3 FY2025 | 30 Sep 2025 | $196.2M | -$20.6M | -$1.76 |
| Q2 FY2025 | 30 Jun 2025 | $199.8M | $7.7M | $0.61 |
| Q1 FY2025 | 31 Mar 2025 | $193.3M | $1.1M | $0.09 |
| Q4 FY2024 | 31 Dec 2024 | $201.0M | -$103.5M | -$8.39 |
| Q3 FY2024 | 30 Sep 2024 | $207.8M | -$14.8M | -$1.20 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Drilling and Completions | $477.2M | 60.3% |
| Artificial Lift and Downhole | $314.8M | 39.7% |
Company events
The newest 8-K filings of 175 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 31 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 30 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 15 May 2026 | 8-K/A | Results | 2.02, 9.01 |
| 12 May 2026 | 8-K | Leadership change, Shareholder vote | 5.02, 5.07, 9.01 |
| 1 May 2026 | 8-K | Results | 2.02, 9.01 |
| 20 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 5 Feb 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 12 Jan 2026 | 8-K | Leadership change | 5.02 |
| 31 Oct 2025 | 8-K | Results | 2.02, 9.01 |
| 19 Sep 2025 | 8-K | Leadership change | 5.02 |
| 8 Aug 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 368 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 8-K | 29 Oct 2026 |
| 31 Aug 2026 | 8-K | 28 Aug 2026 |
| 28 Aug 2026 | S-3ASR | – |
| 31 Jul 2026 | S-8 | – |
| 31 Jul 2026 | 10-Q | 30 Jun 2026 |
| 30 Jul 2026 | 8-K | 30 Jul 2026 |
| 18 May 2026 | SD | – |
| 15 May 2026 | 8-K/A | 19 Feb 2026 |
| 12 May 2026 | 8-K | 8 May 2026 |
| 1 May 2026 | 10-Q | 31 Mar 2026 |
| 1 May 2026 | 8-K | 30 Apr 2026 |
| 27 Mar 2026 | ARS | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | Ivascu John C, EVP, General Counsel & CCO | Sale outside a trading plan | 4,100 | $90.10 | $369.4K | 75,712 | 27 Oct 2026 |
| 27 Oct 2026 | Ivascu John C, EVP, General Counsel & CCO | Sale outside a trading plan | 200 | $91.04 | $18.2K | 75,512 | 27 Oct 2026 |
| 26 Oct 2026 | Ivascu John C, EVP, General Counsel & CCO | Sale outside a trading plan | 700 | $90.08 | $63.1K | 79,812 | 27 Oct 2026 |
| 20 Aug 2026 | Williams David Lyle Jr., EVP, CFO | Sale outside a trading plan | 19,668 | $78.09 | $1.5M | 123,581 | 21 Aug 2026 |
| 20 Aug 2026 | Williams David Lyle Jr., EVP, CFO | Sale outside a trading plan | 300 | $80.07 | $24.0K | 123,281 | 21 Aug 2026 |
| 20 Aug 2026 | Williams David Lyle Jr., EVP, CFO | Sale outside a trading plan | 100 | $81.08 | $8.1K | 123,181 | 21 Aug 2026 |
| 14 Aug 2026 | Danford Michael Dewayne, SVP & CHO | Sale outside a trading plan | 1,200 | $85.82 | $103.0K | 51,439 | 17 Aug 2026 |
| 11 Aug 2026 | Ivascu John C, EVP, General Counsel & CCO | Sale under a trading plan | 2,100 | $80.62 | $169.3K | 83,412 | 12 Aug 2026 |
| 11 Aug 2026 | Ivascu John C, EVP, General Counsel & CCO | Sale under a trading plan | 1,909 | $81.38 | $155.4K | 81,503 | 12 Aug 2026 |
| 11 Aug 2026 | Ivascu John C, EVP, General Counsel & CCO | Sale under a trading plan | 991 | $82.19 | $81.5K | 80,512 | 12 Aug 2026 |
| 10 Aug 2026 | Danford Michael Dewayne, SVP & CHO | Sale outside a trading plan | 1,500 | $78.91 | $118.4K | 52,639 | 11 Aug 2026 |
| 3 Aug 2026 | Ivascu John C, EVP, General Counsel & CCO | Sale under a trading plan | 3,598 | $70.41 | $253.3K | 86,914 | 4 Aug 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 27 Oct 2026 | IVASCU JOHN C, Officer | 4,300 | $387.6K | 27 Oct 2026 |
| 26 Oct 2026 | IVASCU JOHN C, Officer | 700 | $63.1K | 26 Oct 2026 |
| 20 Aug 2026 | David Lyle Williams, officer | 20,068 | $1.6M | 20 Aug 2026 |
| 14 Aug 2026 | Michael Danford, Officer | 1,200 | $102.9K | 14 Aug 2026 |
| 11 Aug 2026 | Michael Danford, Officer | 1,500 | $118.4K | 10 Aug 2026 |
| 11 Aug 2026 | IVASCU JOHN C, Officer | 5,000 | $406.1K | 11 Aug 2026 |
| 3 Aug 2026 | IVASCU JOHN C, Officer | 5,000 | $353.2K | 3 Aug 2026 |
| 9 Jun 2026 | Michael Danford, Officer | 3,000 | $166.5K | 13 May 2026 |
| 26 Feb 2026 | IVASCU JOHN C, Director | 4,392 | $254.5K | 26 Feb 2026 |
| 15 Dec 2025 | LESLIE A BEYER, Director | 1,330 | $45.7K | 15 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 7 Aug 2026 | STATE STREET CORPORATION | 13G | 5.3% | 601.0K |
| 31 Jul 2026 | Vanguard Capital Management | 13G amended | 4.76% | 539.1K |
| 28 Jul 2026 | BlackRock, Inc. | 13G amended | 7% | 795.0K |
| 29 Apr 2026 | Vanguard Capital Management | 13G | 5.03% | 570.1K |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 12 Feb 2026 | Keyframe Capital Partners, L.P. | 13G amended | 1.5% | 175.9K |
| 21 Jan 2026 | Dimensional Fund Advisors LP | 13G | 5.2% | 593.1K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 492.2K | -19.09% | 2.58 |
| 30 Sep 2026 | 608.3K | -6.48% | 3.52 |
| 15 Sep 2026 | 650.5K | +8.1% | 3.29 |
| 31 Aug 2026 | 601.7K | -20.5% | 3.46 |
| 14 Aug 2026 | 756.9K | +2.6% | 2.81 |
| 31 Jul 2026 | 737.7K | -5.27% | 4.47 |
| 15 Jul 2026 | 778.8K | +4.56% | 5.37 |
| 30 Jun 2026 | 744.8K | +34.83% | 2.98 |
Funds that hold it
From each fund's latest Form 13F.
207 funds held it at 30 Jun 2026: 99 added and 42 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 950,933 | $47.8M | +66,478 |
| Dimensional Fund Advisors LP | 653,990 | $32.8M | +27,052 |
| State Street Corp. | 601,047 | $30.2M | +272,570 |
| Vanguard Capital Management LLC | 465,470 | $23.4M | -30,243 |
| Acadian Asset Management LLC | 454,129 | $22.8M | +53,268 |
| American Century Companies Inc. | 445,211 | $22.4M | +33,990 |
| Two Sigma Investments, LP | 408,252 | $20.5M | +82,120 |
| Goldman Sachs Group Inc. | 369,652 | $18.6M | +156,535 |
| Geode Capital Management, LLC | 315,201 | $15.8M | +59,399 |
| Jacobs Levy Equity Management, Inc. | 279,986 | $14.1M | +14,770 |
Peers
Companies in the same industry.
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- Dnow Inc. (DNOW): revenue $4.1B, market value $3.0B
- Innovex International, Inc. (INVX): revenue $997.5M, market value $2.1B
- Oil States International, Inc. (OIS): revenue $645.7M, market value $547.3M