📊 FET Key Takeaways
Is Forum Energy Technologies, Inc.. (FET) a Good Investment?
Forum Energy Technologies exhibits mixed fundamentals with solid cash generation (FCF of $64.4M) and reasonable liquidity (2.17x current ratio), but is hampered by negative net profitability (-1.2% margin) and declining revenue (-3.1% YoY). The company's ability to generate operating cash flow despite net losses suggests operational challenges rather than cash burn, warranting a cautious stance pending margin improvement.
Forum Energy Technologies shows improving fundamental quality through positive operating income, solid free cash flow generation, and a balanced leverage profile, but the business is not yet demonstrating durable earnings power. The combination of declining revenue, thin operating margins, and continued net losses suggests a recovery story that has improved meaningfully but still needs more consistent execution before becoming clearly attractive on fundamentals alone.
Why Buy Forum Energy Technologies, Inc.. Stock? FET Key Strengths
- Strong free cash flow generation of $64.4M with 8.1% FCF margin demonstrates underlying business cash generation despite GAAP losses
- Solid liquidity position with 2.17x current ratio and manageable leverage at 0.47x debt-to-equity ratio
- Adequate interest coverage of 3.7x indicates capacity to service debt obligations without financial stress
- Substantial improvement in net loss trending (+92.9% YoY) shows momentum toward profitability
- Strong cash conversion with $70.40M operating cash flow and $64.39M free cash flow despite a net loss
- Healthy liquidity profile with a 2.17x current ratio and 1.01x quick ratio
- Moderate leverage with debt-to-equity of 0.47x and positive interest coverage of 3.7x
FET Stock Risks: Forum Energy Technologies, Inc.. Investment Risks
- Currently unprofitable with -1.2% net margin and negative ROE/ROA, indicating value destruction on an accounting basis
- Revenue declining 3.1% YoY in core oil & gas equipment sector suggests market headwinds or competitive pressure
- Operating margin compressed at 3.8% reflects limited pricing power and cost structure challenges relative to gross margin of 27.7%
- Heavy insider trading activity (38 Form 4 filings in 90 days) may signal uncertainty among management regarding near-term prospects
- Revenue declined 3.1% year over year, indicating limited top-line momentum
- Profitability remains fragile with a 3.8% operating margin and -1.2% net margin
- Returns on capital are still negative, with ROE of -3.3% and ROA of -1.3%
Key Metrics to Watch
- Operating margin expansion trajectory - path to profitability requires margin improvement beyond revenue stabilization
- Revenue stabilization and growth - current 3.1% decline must reverse to validate turnaround narrative
- Operating cash flow sustainability - ability to maintain $70M+ OCF while improving GAAP profitability
- Operating margin and net income trend
- Revenue growth and free cash flow sustainability
Forum Energy Technologies, Inc.. (FET) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.17x current ratio provides a solid financial cushion.
FET Profit Margin, ROE & Profitability Analysis
FET vs Industrial Sector: How Forum Energy Technologies, Inc.. Compares
How Forum Energy Technologies, Inc.. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Forum Energy Technologies, Inc.. Stock Overvalued? FET Valuation Analysis 2026
Based on fundamental analysis, Forum Energy Technologies, Inc.. has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Forum Energy Technologies, Inc.. Balance Sheet: FET Debt, Cash & Liquidity
FET Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Forum Energy Technologies, Inc..'s revenue has grown significantly by 51% over the 5-year period, indicating strong business expansion. The most recent EPS of $-11.00 indicates the company is currently unprofitable.
FET Revenue Growth, EPS Growth & YoY Performance
FET Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $196.2M | $1.1M | $-0.97 |
| Q2 2025 | $199.8M | $1.1M | $-0.54 |
| Q1 2025 | $193.3M | $1.1M | $0.09 |
| Q3 2024 | $179.3M | -$2.1M | $-0.21 |
| Q2 2024 | $185.4M | -$3.5M | $-0.54 |
| Q1 2024 | $189.0M | -$3.5M | $-0.34 |
| Q3 2023 | $179.3M | -$2.1M | $-0.21 |
| Q2 2023 | $172.2M | $65.0K | $0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Forum Energy Technologies, Inc.. Dividends, Buybacks & Capital Allocation
FET SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Forum Energy Technologies, Inc.. (CIK: 0001401257)
📋 Recent SEC Filings
❓ Frequently Asked Questions about FET
What is the AI rating for FET?
Forum Energy Technologies, Inc.. (FET) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FET's key strengths?
Claude: Strong free cash flow generation of $64.4M with 8.1% FCF margin demonstrates underlying business cash generation despite GAAP losses. Solid liquidity position with 2.17x current ratio and manageable leverage at 0.47x debt-to-equity ratio. ChatGPT: Strong cash conversion with $70.40M operating cash flow and $64.39M free cash flow despite a net loss. Healthy liquidity profile with a 2.17x current ratio and 1.01x quick ratio.
What are the risks of investing in FET?
Claude: Currently unprofitable with -1.2% net margin and negative ROE/ROA, indicating value destruction on an accounting basis. Revenue declining 3.1% YoY in core oil & gas equipment sector suggests market headwinds or competitive pressure. ChatGPT: Revenue declined 3.1% year over year, indicating limited top-line momentum. Profitability remains fragile with a 3.8% operating margin and -1.2% net margin.
What is FET's revenue and growth?
Forum Energy Technologies, Inc.. reported revenue of $791.5M.
Does FET pay dividends?
Forum Energy Technologies, Inc.. does not currently pay dividends.
Where can I find FET SEC filings?
Official SEC filings for Forum Energy Technologies, Inc.. (CIK: 0001401257) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FET's EPS?
Forum Energy Technologies, Inc.. has a diluted EPS of $-0.81.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is FET a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Forum Energy Technologies, Inc.. has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FET stock overvalued or undervalued?
Valuation metrics for FET: ROE of -3.3% (sector avg: 15%), net margin of -1.2% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy FET stock in 2026?
Our dual AI analysis gives Forum Energy Technologies, Inc.. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is FET's free cash flow?
Forum Energy Technologies, Inc..'s operating cash flow is $70.4M, with capital expenditures of $6.0M. FCF margin is 8.1%.
How does FET compare to other Industrial stocks?
Vs Industrial sector averages: Net margin -1.2% (avg: 10%), ROE -3.3% (avg: 15%), current ratio 2.17 (avg: 1.8).