FORUM ENERGY TECHNOLOGIES INC (FET)
Energy · Oilfield equipment and services manufacturing · NYSE
A global manufacturing company providing engineered capital equipment and consumable products for drilling, well construction, subsea operations, and renewable energy to improve customer safety, efficiency and environmental performance.
What FORUM ENERGY TECHNOLOGIES INC does
Forum Energy Technologies is a global manufacturing company serving the oil, natural gas, defense and renewable energy industries with engineered capital equipment and consumable products. The company operates through two main segments—Drilling and Completions, and Pressure Control and Filtration—supplying products for drilling, subsea construction, hydraulic fracturing, well intervention, pipeline operations and renewable energy applications. Approximately 80% of revenue comes from consumable products and activity-based equipment, while the remainder comes from capital products and rental services. The company is focused on helping energy operators lower expenses, increase production, and reduce emissions while expanding into renewable energy markets.
Themes: ["Oil and gas drilling equipment","Subsea infrastructure","Hydraulic fracturing / well stimulation","Well completion and intervention","Pressure control systems","Renewable energy equipment","Rig modernization / efficiency"]
Fundamentals
- Price$48.59 as of 2026-07-09 close
- Market cap$556M as of 2026-07-10
- 1-year return+136.7% as of 2026-07-09 close
- Net margin-0.8% as of 2026-07-10
- Gross margin+27.5% as of 2026-07-10
- ROE-2.1% as of 2026-07-10
- Debt / equity0.55 as of 2026-07-10
- Revenue growth (YoY)-0.1% as of 2026-07-10
- Revenue CAGR (3y)+4.2% SEC XBRL
- Beta0.59 as of 2026-07-10
Key risks (from latest filing)
["Cyclical dependence on oil and natural gas exploration and production activity; downturn in commodity prices or drilling activity directly impacts demand for capital equipment and consumables","Shift toward renewable energy and clean energy transition may reduce long-term demand for traditional oil and gas equipment despite company's expansion into renewables","Significant debt obligations ($153.7M long-term debt as of March 31, 2026) and negative retained earnings ($840M deficit) limit financial flexibility during market downturns"]
Competitors & peers
- Superior Energy Services (SPN)
- Weatherford International (WFRD)
- Helmerich & Payne (HP)
- NOW Inc. (DNOW)
- Core Laboratories (CLB)
- Flotek Industries
- Trican Well Service
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.