Forum Energy Technologies
Manufactures drilling, completion, artificial-lift, and downhole equipment for energy operators.
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Profile
Manufactures oilfield and adjacent energy equipment across Drilling and Completions and Artificial Lift and Downhole. Revenue is roughly split between U.S. and international markets, and demand follows oil-and-gas customer capital spending and equipment-replenishment cycles.
Builds products and solutions for oilfield and adjacent energy customers, organized into Drilling and Completions and Artificial Lift and Downhole. The portfolio covers drilling, subsea, coiled tubing, stimulation, intervention, artificial-lift, production-equipment, downhole, and valve applications.
Serves oil and natural-gas operators, drilling contractors, oilfield-service companies, pipeline and refinery operators, and renewable or new-energy customers. Revenue is roughly half U.S. and half international, with Canada, the Middle East, Europe and Africa, Asia-Pacific, and Latin America also contributing.
Execution centers on manufacturing specialized equipment, consumable products, pressure-control tools, coiled-tubing strings, and sand- and flow-control downhole technology. Demand depends on customer capital spending, commodity-price expectations, and oilfield-service companies replenishing parts or investing in equipment.
Company facts
Key statistics
Year to date +111% · Average volume (30d) 205.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.57 | $1.16 | +105.3% | $212.4M | $226.2M | +6.5% | +21.85% |
| Apr 30, 2026Q1 FY26 | $0.44 | $0.47 | +6.8% | $201.3M | $208.7M | +3.7% | −6.57% |
| Feb 19, 2026Q4 FY25 | $0.36 | $0.41 | +13.9% | $190.5M | $202.2M | +6.1% | +9.11% |
| Oct 30, 2025Q3 FY25 | $0.19 | $0.27 | +42.1% | $190.5M | $196.2M | +3.0% | −16.88% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $193.3M | $199.8M | $196.2M | $202.2M | $208.7M | $226.2M | |
| Gross profit | $58.4M | $59.4M | $40.2M | $61.1M | $61.0M | $71.4M | |
| Operating income | $8.8M | $14.7M | −$6.1M | $1.8M | $11.0M | $20.5M | |
| Net income | $1.1M | $7.7M | −$20.6M | $2.1M | $4.5M | $12.4M | |
| Diluted EPS | $0.09 | $0.61 | −$1.67 | $0.17 | $0.39 | $1.05 | |
| Gross margin | 30.2% | 29.7% | 20.5% | 30.2% | 29.2% | 31.5% | |
| Operating margin | 4.6% | 7.4% | -3.1% | 0.9% | 5.3% | 9.1% |
Fiscal years (4-quarter sums)FY21 $541.0M · FY22 $700.0M · FY23 $738.9M · FY24 $816.4M · FY25 $791.5M
Balance sheet, Jun 30, 2026Cash & short-term investments $33.7M · Total debt $227.5M · Total assets $770.7M · Shareholders' equity $289.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 11.30M · Float 10.19M · 90.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 950.9K | 8.41% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 654.0K | 5.79% | 13F | Aug 11, 2026 |
| State Street Corporation | 601.0K | 5.30% | 13G | Aug 7, 2026 |
| Vanguard Capital Management LLC | 465.5K | 4.12% | 13F | Aug 13, 2026 |
| Acadian Asset Management LLC | 454.1K | 4.02% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | David Lyle Jr. Williams | officer: EVP, CFO | −20,068 | $78.13 |
| Aug 14, 2026 | Michael Dewayne Danford | officer: SVP & CHO | −1,200 | $85.82 |
| Aug 11, 2026 | John C. Ivascu | officer: EVP, General Counsel & CCO | −5,000 | $81.22 |
| Aug 10, 2026 | Michael Dewayne Danford | officer: SVP & CHO | −1,500 | $78.91 |
| Aug 3, 2026 | John C. Ivascu | officer: EVP, General Counsel & CCO | −5,000 | $70.63 |
Peers
- NOV
Broad oilfield equipment overlap across drilling, completions, and production
- Weatherford International
Overlaps in well construction, completions, intervention, and lift
- Halliburton
Major completions, stimulation, artificial-lift, and drilling rival
- Baker Hughes
Competes across OFSE, artificial lift, subsea, and pressure systems
- SLB
Global rival in well construction, intervention, lift, and subsea
- TechnipFMC
Subsea and surface systems overlap with offshore product lines
- Oceaneering International
ROV, subsea tooling, and manufactured-products specialist
- Oil States International
Offshore products, completion services, and downhole tools peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Forum Energy Technologies | $80.00 | −0.79% | $911.2M | — | 16.9 | 1.1 | +13.2% |
| NOV | $20.79 | −0.91% | $7.48B | 80.7 | 19.8 | 0.9 | −2.5% |
| Weatherford International | $93.79 | +0.01% | $6.72B | 18.5 | 15.3 | 1.4 | −8.2% |
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| TechnipFMC | $75.84 | +0.03% | $29.74B | 26.3 | 22.4 | 2.9 | +9.0% |
| Oceaneering International | $50.59 | +0.06% | $5.04B | 14.5 | 23.4 | 1.8 | +10.0% |
| Oil States International | $8.61 | −0.06% | $518.3M | — | 15.5 | 0.8 | −5.3% |
| Median | 20.1 | 20.0 | 1.6 | +0.6% |